The Power Elite: Bumbling Incompetents

Contra Corner ^ | 28 May 2016 | Bill Bonner

[Lorianne]

Is there any smarter group of homo sapiens on the planet? Or in all of history? We’re talking about Fed economists, of course.

Not only did they avoid another Great Depression by bold absurdity…giving the economy more of the one thing of which it clearly had too much – debt. They also carefully monitored the economy’s progress so as to avoid any backsliding into normalcy.

And where do we get this penetrating appraisal? From the Fed economists themselves, of course. Bloomberg:

“The U.S. Federal Reserve’s decisions to delay interest-rate hikes helped cushion the economic shocks caused by rapidly rising borrowing costs for U.S. companies from late last year through early 2016, according to economists at the New York Fed.

“By maintaining the federal funds rate lower, the FOMC managed to substantially offset the effect of tightening financial conditions on the economy,” the authors, referring to the rate-setting Federal Open Market Committee, wrote in a blog post on the bank’s website on Wednesday.”

They’re geniuses. No doubt about it. That’s why they’re in charge and we’re not. They’re the elite. They run the Deep State. They may not pay the piper, but they call the tune anyway. And good on them! Who knows what prices we might discover if we were left on our own?

[Yollopoliuhqui]

M A K E T H I S G O V I R A L
The Money Masters
https://www.youtube.com/watch?v=XbEu-OLMKLQ

Debt Slavery
https://www.youtube.com/watch?v=bKwO1onXAaI&list=RDbKwO1onXAaI#t=127
M A K E T H I S G O V I R A L

[rawcatslyentist]

It's almost like a free independent nation is an impediment to a global system of tyranny.

The Truth shall make you Free!

[Gen.Blather]

The reason central banks and the Fed are keeping interest rates low is because if they reach even a paltry four percent then most governments will be using 100% of income to service their current debt. At that rate the fiat economy slides into total destruction. But this time, there is no global gold backed currency to fall back on, as the world did at the Betton Woods conference of 1933. We went off the gold standard in 1973 because Lyndon Johnson wanted his colossally expensive, incompetently managed war along with the Great Society. So, he printed cash to do it. Charles DeGaul spotted this and began buying and trading dollars for gold. In a short time, had Nixon not taken the US off the gold standard, DeGual would have emptied Fort Knox.

[Dick Bachert]

These two essays may mean that these assholes are, in fact, LOSING!
Please put these essays on your “Must Read” list. While I don’t agree with ALL of the author’s comments/conclusions, he’s got most of it right. And the comment that literally jumped off the screen at me was his correct assertion in Part 1 that our globalist would-be masters never figured on the power of the INTERNET!
At our meeting here in Atlanta in 1983, then Representative Ron Paul told us that, if we do it right, the very technology “they” (and, if you read these essays, you’ll know who “they” are) would use to enslave us, WE will employ to preserve and, with God’s help, EXPAND the liberties the Founders understood came from Him and they codified in our foundational documents.
DB

A fascinating read... brings many of the pieces together. Servando Gonzalez is a terrific researcher & writer.

HOW THE CFR GLOBALIST CONSPIRATORS MISCALCULATED

Part 1:

http://www.newswithviews.com/Gonzalez/servando159.htm

Part 2:

http://www.newswithviews.com/Gonzalez/servando161.htm

[Scott from the Left Coast]

And that is it right there - what you said. A slight aside: It was Qaddaffi attempting to set up an African currency backed by gold that cost him his country, then his life.

The socialist west cannot take even a slight increase in interest rates - the debt is so great that the forced austerity program, to use a far too mild term, would create violent anarchic revolution across the globe. People would literally be starving to death by the millions...in the west.

The global elites...these and the political class...are competent at one thing only, making themselves uber-wealthy while doing no work at all. And that is the sum of their competence and interest.

[justa-hairyape]

Wow. Watch out were those huskies go and don’t you eat that black snow.