Central bankers and Congress only solution for improving the economy: Just need some more debt to fix the more debt that was added to the debt. It's the same old story... bankers get paid, politicians kick the can down the road, the sheeple are poorer and none the wiser.
Here's the truth. This time isn't different. Keynesian economists are limited in their scope of "solutions" because their psuedo-science of monetary experiments are always evolving when the latest gem of an idea backfires. From what I can see, Keynesians only have one weapon: the creation of new money to paper over bad debts (or the last batch of money creation). Call it QE, Operation Twist, money printing or anything, it's still the same thing. It's a transfer of wealth and the first people or corporations who get their hands on the newly created money benefit the most. By the time it gets to you and me, we collectively wonder why our grocery bill is higher this month.
Unfortunately, we the people are the ones who have to live with the consequences of manipulated interest rates (LIBOR scandal), the current Zero Interest Rate Policy (ZIRP), an unaccountable Federal Reserve, crony politicians who look the other way, and a mainstream media that won't report the truth that I and others (Peter Schiff, Doug Casey, Lew Rockwell, Ron Paul, Jim Rogers, Charles Hugh Smith, Thomas Woods, Bill Bonner, Nelson Nash, Rick Bueter, Barry James Dyke, Mike Maloney, Jeff Berwick, and countless others) share on the web. By the way, if you don't follow these people on Facebook and/or Twitter, I highly recommend you do.
I would be doing everything I can to protect whatever assets you have from a government starved for more revenue and a Wall Street financial system rigged to exploit you. The answers are out there. Do the research. If want to know what I'm doing and recommending for my clients, reach out to me here: http://jlmwealthstrategies.com/contact-us/
John Montoya
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