Small
Business Owners Understand the Economy Better Than Our Fed Chairman
Since the Great Crisis began in 2007 the Fed/ Feds have
done the following:
Cutting interest
rates from 5.25-0.25% (Sept ’07-today).
The Bear Stearns
deal/ taking on $30 billion in junk mortgages (Mar ’08).
Opening various
lending windows to investment banks (Mar ’08).
Hank Paulson
spends $400 billion on Fannie/ Freddie (Sept ’08).
The Fed takes
over insurance company AIG for $85 billion (Sept ’08).
The Fed doles out
$25 billion for the automakers (Sept ’08)
The Feds kick off
the $700 billion TARP program (Oct ’08)
The Fed buys
commercial paper from non-financial firms (Oct ’08)
The Fed offers
$540 billion to backstop money market funds (Oct ’08)
The Fed agrees to
back up to $280 billion of Citigroup’s liabilities (Oct ’08).
$40 billion more
to AIG (Nov ’08)
The Fed backstops
$140 billion of Bank of America’s liabilities (Jan ’09)
Obama’s $787
Billion Stimulus (Jan ’09)
QE 1 buys $1.25
trillion in Treasuries and mortgage debt (March ’09)
QE lite buys
$200-300 billion of Treasuries and mortgage debt (Aug ’10)
QE 2 buys $600
billion in Treasuries (Nov ’10)
Operation Twist 2
(Nov ’11)
QE 3 buys $40
billion in Mortgage Backed Securities every month from now on (Sept. ’12)
That’s one heck
of a list. And the worst part is I know I’ve left something out somewhere.
However, despite
this incredible intervention, the economy remains in the toilet. Indeed, adding
to the more evidence that the alleged “recovery” is in fact a load of BS
category… we have the latest survey of small business owners. Small businesses
(50 employees or more) account for 75% of job creation in the US.
67 percent say
there is too much uncertainty in the market today to expand, grow or hire new
workers.
69 percent of
small business owners and manufacturers say President Obama’s Executive Branch
and regulatory policies have hurt American small businesses and manufacturers.
55 percent say
they would not start a business today given what they know now and in the
current environment.
54 percent say
other countries like China and India are more supportive of their small
businesses and manufacturers than the United States.
“Instead of
smoothing the way, our government continues to erect more barriers to growth
through burdensome regulations that increase costs for small businesses and all
Americans,” NFIB president Dan Danner said.
This comes on top
of the following:
1)
Median income today is lower than it was during at the end of 2009 (when the
recession supposedly ended)
2)
The percentage of Americans on food stamps has increased from 11% to nearly 15%
3)
The average unemployment duration has increased from 30 weeks to nearly 40 weeks
4)
The civilian employment to population ratio hasn’t budged
5)
Industrial production has yet to exceed its former peak (a first in post WW-II
“recoveries”)
And the Fed’s
answer to this issue? Print more money!
Folks, this is the reality
we’re dealing with. The Fed has gone “all in” in their efforts to stop the debt
implosion… and it’s’ve failed. All it’s done is unleashed an
even more serious inflationary storm than the one we were already facing.
The time to start
preparing is now. The printers are running. The Great Currency Debasement has
begun. Some folks will walk out of this mess winners. Most will walk out as
losers.
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{ I feel compelled to add here
what I felt was more than just a leap of faith by Mr. Summers who has in a
recent public issue stated that he believes the biggest frauds on wall street
will be brought to justice. Wow! That’s really all I can say. The next thing he
might say is that pervasively corrupt, defacto bankrupt america et als, along
with the manipulated fraudulent securities markets, are legitimate. Wow! In his
fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences
and conclusions, and less on his unsupportable opinions as, ie., prosecutions
of the biggest wall street frauds are acomin’, or that meaningfully lawless
america’s suddenly grown scruples along with gonads (America has neither the
courage nor the will). Wow! }
{
The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed, without exception!
Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to
hold Wall Street accountable for the meltdown.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Guest
Post: The West Has Just Become A Giant Banana Republic ZeroHedge.com by Tyler
Durden { Yeah! This really is too
true for words! It’s been my direct experience for quite some time now and is
quite a pathetic scenario! } Legal precedent means nothing. Rule of law
means nothing. Free speech means nothing. Their own treaties mean nothing.
It’s unbelievable. Anyone in the west who honestly thinks he’s still
living in a free society is either a fool or completely out of touch. If
that seems too radical an idea, consider that ECUADOR is now the only
nation which stands to defend freedom and human rights against an assault
from the United States, the United Kingdom, and their spineless allies.
The west has just become a giant banana republic. Have you hit
your breaking point yet? If not now… when? { { I’m really constrained to interject my own direct experience
with the FBI here; and, I must say I do so lamentably. If you want no real
results vis-à-vis organized crime which now extends to the upper reaches,
highest levels of the corrupt u.s. government, go to the FBI. I discounted the
new jersey FBI as just typical corrupt, mob infested jersey which thinks in
terms of discos/casinos. But, truth be told, they never ask the ‘tough’ questions
of the biggest criminals; ie., the biggest wall street frauds, cia connected
illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry, shiff,
alito, etc.; but, they did go after Martha Stewart in a very big way over a
$45,000 transaction. Wow! You can’t make this stuff up. I also don’t believe
their (understated) crime stats for even a second. I’m beginning to feel
foolish for having even put my full faith and trust in them, much less the
‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the
mobsters directly who seem to have at least some sense of the magnitude of the
fraud involved and the pervasive corruption of the system and government and
maybe a semblance of honor in this nation of protracted decline. It never would
have occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: Debauchery:
An American specialty In the land of Lindsay Lohan and Snooki,
some federal workers reflect our culture all too well. (Washington Post) [
Lindsay Lohan? Come on Mr. Milbank, hands off the low hanging fruit. She’s
totally harmless. Jersey ‘italian’ snooki? In mob infested new jersey, who
knows (one of the properties in my proceedings for which surplus funds are
unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in seaside heights,
n.j.). But debauchery an american specialty? Another rare instance wherein I
agree with Mr. Milbank completely. 25
Signs That America Is A Seething Cesspool Of Filth And Corruption
http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm
. Review
of flawed forensics held close to vest EXCLUSIVE | Documents and
interviews show FBI and Justice Department officials took steps to control
information uncovered by a task force designed to examine cases involving
discredited agents. Many defendants were never notified of flaws in cases. ‘Simply
unconscionable’ (Washington Post) [ Well, I really have to say
this. I’m awaiting word from the FBI as to resolution, one way or the other,
concerning the RICO matters which have been systematically and corruptly
covered up by the government (executive, legislative, and judicial branches of
the pervasively corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief. Though
ultimately ineffectual vis-à-vis my case, he was a likeable guy for whom I had
and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their probative
value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug) money
laundering was transferred shortly after meeting with him, as has been so of
FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.}