Janet Yellen, the newly nominated chief of the U.S. Federal Reserve, said this week that she'll press on with the Fed's unprecedented monetary stimulus until she sees a robust recovery. Meanwhile, President Obama backtracked just a bit on his socialization of American medicine, unilaterally deciding not to force insurance companies to pull the plug on millions of individual health policies after all-- at least until next year.
In Washington, this is how politicians make what they call "progress." But rank-and-file Americans certainly understand that what they're watching, instead, is a rearranging of the deck chairs on the Titanic-- that seemingly invincible craft that now has become an apt analogy for the once seemingly invincible United States of America.
Despite this grim and obvious future, Yellen told the US Senate in her confirmation testament that she sees nothing strange with proceeding with the Quantitative Easing plan pushed by the former Fed chief, Ben Bernanke, and she is determined to continue on this course until she no longer sees signs of financial difficulty. So she's extremely unlikely to taper the Fed's $85 billion in monthly bond purchases.
Yellen understands that "QE" is among the few props still holding up the highly unstable worldwide economic situation and keeping it, for now, from falling into the void of chaos and confusion as it did 5 years back. Just as Obama has his fixed ideas that he has no real intention of slackening in his massive push to take over Americans' health care despite all the troubles he has actually triggered with his initial lies on this national project, reneging on his promise to allow people to keep their plan and keep their physician under Obamacare.
Americans can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
But there are things that ordinary Americans can do to protect themselves from the next financial disaster, one that politicians are just biding time in the hopes of avoiding. They can transfer their household financial assets to real money, God's Money: gold and silver instruments that have withstood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual test are imminent for this generation of Americans.
In Washington, this is how politicians make what they call "progress." But rank-and-file Americans certainly understand that what they're watching, instead, is a rearranging of the deck chairs on the Titanic-- that seemingly invincible craft that now has become an apt analogy for the once seemingly invincible United States of America.
Despite this grim and obvious future, Yellen told the US Senate in her confirmation testament that she sees nothing strange with proceeding with the Quantitative Easing plan pushed by the former Fed chief, Ben Bernanke, and she is determined to continue on this course until she no longer sees signs of financial difficulty. So she's extremely unlikely to taper the Fed's $85 billion in monthly bond purchases.
Yellen understands that "QE" is among the few props still holding up the highly unstable worldwide economic situation and keeping it, for now, from falling into the void of chaos and confusion as it did 5 years back. Just as Obama has his fixed ideas that he has no real intention of slackening in his massive push to take over Americans' health care despite all the troubles he has actually triggered with his initial lies on this national project, reneging on his promise to allow people to keep their plan and keep their physician under Obamacare.
Americans can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
But there are things that ordinary Americans can do to protect themselves from the next financial disaster, one that politicians are just biding time in the hopes of avoiding. They can transfer their household financial assets to real money, God's Money: gold and silver instruments that have withstood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual test are imminent for this generation of Americans.
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