Do me a favor, read Financial turmoil strikes as G-7 officials gather, and take notice of the following paragraph.
U.S. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke were meeting with their counterparts from the other G-7 countries.
Geithner is expected to urge other G-7 nations to keep providing stimulus through the rest of this year, arguing that without continued government support the fledgling recoveries could falter, plunging the world back into recession.
Yeah, that makes alot of sense, let’s send someone who used to work for Goldman Sachs, and let’s send a person who knows the Truth about what the Federal Reserve does (fractional reserve lending practices) to a meeting with finance ministers and central bank presidents from the world’s seven major industrial countries and have them see if they can come up with any cognitive, competent solutions that will actually solve the world’s economic problems. Let’s have those who are responsible for the economic recession in the first place come up with solutions to solve the problems that they actually created. Good thinking!
Blah!
Wednesday evening I was on a service call, I was helping hook up some a/v equipment, and was helping work out the kinks and bugs. We are trying to have it set up where we can switch between two different HDMI inputs, one from the computer, and one from the satellite, and then output the signal to a projector and two flat screen displays. To make a long story short, we think we narrowed it down to the input switch box that was purchased, it didn’t have the HDMI / HDPC passthrough. I’m not going to discuss that service call any further here, but interesting enough, Jeopardy was on TV, and one of the answers that was given had to do with introduction to game theory. The answer? Economics. And I knew it, I said it outloud, and someone heard me, so I can verify that I got the correct answer (or rather, the correct question) before any of the contestants on Jeopardy did.
What does Timothy Geithner or Ben Bernanke know about Game Theory? What do they know about the Nash Equilibrium? What do they know about micro and macro economics? Have they even read An Inquiry Into The Nature And Causes of the Wealth of Nations, by Adam Smith? Have they read Communist Manifesto by Karl Marx and Friedrich Engels? Have either of them read Age of Discontinuity by Peter Drucker?
Or better yet, have they actually read any of Milton Friedman’s published work (like Monetary History of the United States, in which he and Anna Schwartz argued that the Great Depression was caused by monetary contraction, which was the consequence of poor policymaking by the Federal reserve and the continuous crises of the banking system)? Do they know he actually won a Nobel Prize in Economic Sciences in 1976? Do they know that Mr. Friedman was considered one of the most influential economists of the 20th century? Or does the President of the United States himself know any of this?
It is proven and recorded fact that certain world renowned U.S. Presidents of past like Benjamen Franklin, Andrew Jackson, James Madison, Abraham Lincoln, James Garfield, and JFK actually opposed the central bank economic ideology (read this).
I don’t get it, I don’t understand why we continue to allow those who are responsible for this economic recession (more like a depression) in the first place to lie to us, and I don’t understand why we continue to let them come up with solutions to the problems, when in reality they are only creating more problems. You can’t continue to put a band-aid on a gaping wound, you have to perform surgery, and then let the wound heal on its own.
What surgery am I talking about?
Well, I’m talking about finishing the work that JFK started, and abolishing the Federal Reserve. Logic, mathematics, and statistics prove that without any intervention, the markets will correct themselves. Sure, we can’t let the executives of the large banking and financial corporations or Wall Street tycoons to continue to get rich from creating ponzi schemes which actually hurts the poor and middle class, and helps the rich; we can’t continue to allow these idiotic, immature economic, political, intellectual, religious games to be played, but I promise you if the Federal Reserve was abolished, and CONGRESS was given back the right to issue and regulate money (as Article 1, Section 8 of the U.S. Constitution says), then we wouldn’t have near as many economic problems in America. What other countries do is up to them, but here in the land of the free, the home of the brave, We the People decide the path the country as a whole takes, NOT the politicians, and certainly not the global elitists and international bankers!
WAKE UP BROTHERS AND SISTERS!
Ask yourselves this very important, vital question.
Why do we have a President who has supposedly taught Constitutional Law still not understanding what Article 1, Section 8 of the U.S. Constitution says? Why do we have a President in office who doesn’t even know his own American history?
Why is it that once again we have another lameduck puppet of a President as the leader of the free world?
And why oh why are so many Americans not even aware of the Truth?
Why?
Because, unfortunately, many of us have been dumbed down, we don’t know our own American history. Many of those who do, though, are either too scared to speak the Truth, on account of fear of losing their own lives or the lives of their loved ones, or they’re being paid off by the global elitists and international bankers to remain quiet and go along with their agendas to dominate and rule the world.
DOWN WITH THE FEDERAL RESERVE!
DOWN WITH THE IMF!
DOWN WITH THE WORLD BANK!
UP WITH THE PEOPLE!
POWER TO THE PEOPLE!!!!
[...] Economic Exaggerations [...]