Janet Yellen is the recently chosen head of the U.S. Federal Reserve. She stated this month that she'll press on with the Fed's extraordinary financial stimulation until she sees a durable recuperation. At the same time, Head of state Obama backtracked a little on his socialization of American medicine. He has decided not to force insurance business to scrub millions of individual health policies at least up until the following 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.
All Yellen has done is tell the Senate in her confirmation is that she sees absolutely nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke. She will continue it until she sees no more indications of financial trouble. So she's not likely to taper the Fed's $85 billion in month-to-month bond purchases any time quickly.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await 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.
All Yellen has done is tell the Senate in her confirmation is that she sees absolutely nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke. She will continue it until she sees no more indications of financial trouble. So she's not likely to taper the Fed's $85 billion in month-to-month bond purchases any time quickly.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await this generation of Americans.
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