Bernanke-speak: The Economy Is Recovering....But Whose?
This week there has been much play in the mainstream media and papers across the country regarding Ben Bernanke's statements to a global audience of investment bankers and Federal Reserve affiliates in Wyoming that the "U.S. economy is strengthening."
My question, whose economy is he speaking of?
It must be the "greater good" world socialism economy, because the U.S. economy continues to decline in order to "stabilize" as Mr. Bernanke puts it, the world markets.
And don't think a single American in this country had a vote on whether or not they wanted this country's economy dependent or enmeshed with those of other sovereign countries in the first place.
I don't think a new Constitutional Convention was held, but maybe I missed that announcement during all the Anna Nicole Smith coverage?
Did you ask the Detroit workers, who were just laid off in order to sacrifice for General Motors shareholders and investors so it could close that plant and 12 other mostly U.S. based plants, and concentrate on its Chinese, Canadian, and Mexico City operations which are profiting at a far greater percentage due to the differences in currency, and lack of any worker or wage poverty level minimums in those Communist and Socialist countries?
While all the blame has been leveled on the high wages and union contracts that were involved in that plant, which is a contribution due to their administrative costs included for their services and "products" such as their pensions in many instances, as one who worked within that field for a number of years is well aware most union contracts and wage increases are based upon the U.S. Department of Labor's Cost of Living Index.
An Index that is based on fantasy and not reality in the slightest, and kept purposely low in order to protect the corporate bottom lines and profit margins also, for the investors and top level managements benefit most of all.
In fact, while the Cost of Living per the DLS publications since the 1970's has only risen at an average of 1-3% per year at its highest levels, the cost for college tuition, for example, have increased over 400-800% in many areas of the country. As has the price of gasoline risen from 32 cents a gallon to now almost $3.00.
Much has been used to defend Mr. Obama's actions stating that "we all must sacrifice in these economic times," however, his latest proposals on health care reform specifically exempt the members of Congress from this governmental lower cost plan. So just who is doing the sacrificing here?
Americans are being made to sacrifice their economies and jobs for the global economy and world economic markets, that is quite clear. In fact, the GM consolidation and merger was a merger between the U.S. government, corporate union, and remaining GM shareholders after the individual shareholders and U.S. GM workers were offered a "settlement" for their pension and investments, in order to protect the Canadian teachers union pension plan. And, of course, the corporate UAWs bottom line.
After that Washington merger and restructuring, the formal bankruptcy thereafter was one of the fastest on record for a major U.S. corporation.
And from additional bits of news released, it appears the most profitable GM dealerships are also being asked to "settle" with this new Government Motors venture in order that their dealerships can be placed under the government's and corporate unions control also - using the threat of breaking their contracts with respect to honoring warranties as the leverage which were included in the purchase of many of those dealerships.
The French were awarded a government facilitated contract with respect to a Skywalk that recently opened at the Grand Canyon, using a French engineering firm for the design at a cost of over 30 million for a piece of plexiglass that juts over one of the side canyons. Of course, the taxpayers are now going to have to foot the bill for the roadway into that new global tourist attraction.
Homes vacant now in the French Quarter of New Orleans due to this economic meltdown are also plentiful. Most of them advertised now for sale by Southeby's, a London based investment and real estate concern. Not U.S. realtors even, although they are somewhat responsible also for the U.S. mortgage meltdown since they arranged for much of the financing for some of those now affected, and pushed larger ticket home than most could afford in order to raise their commission levels.
It appears the focus on some of America's prime real estate tht is also now to pricey for most Americans to keep due to our freefalling dollar is to market and sell these properties on the global market, for mostly Great Britain's gain for Southeby's.
While our Southwestern borders remain open, and more and more made jobless and homeless in the border states as a result - the states with the highest amount of foreclosures since most of those usurous loans were written by unregulated California banks with Washington's knowledge and consent.
Added to that negligence which is stripping many Americans of their lives and property, the Bush Administration afforded 48 hour turnaround Visas to the citizens of over 34 different countries, including South Korea and Great Britain - home of the shoe bomber.
It appears the housing market in that area of the country is being purposely depressed so that if and when an amnesty is passed, the banks can then take advantage of those non-English speaking new Americans in order to flip some of those properties which they assumed, by leaving most of the former owners hanging and collecting as much of those junk fees included in those contracts before finally foreclosing on them.
These new contracts willl not be in Spanish - so look for new laws meant to "protect" these new buyers by simply the State Attorney Generals publishing that they "recommend" that non-English speaking "new" Americans get an interpreter when they close on a home purchase. That's the government's new ideas of "consumer" or "citizen" protection.
In other words, colluding to set up another new class of homeowners for property theft during the next boom and bust Fed manipulated economic crisis since they are now offering 40 years loans on those chicken wire and stucco homes with a life expectancy at best of 15-20 years before major repairs would be needed.
More than 300,000 last month alone lost their homes again as their "sacrifice" for the global economy for the bankers at the Fed and their minions in Washington - the Obama Administration, a publicly claimed "citizen of the world," along the same lines as the Bush Administration, also a UN and World Bank globalist.
This once great nation is being brought to its knees by foreigners, it appears, with Washington's not only implied consent, but its actual direction and assistance, per Mr. Obama's "we all must make sacrifices," continued rhetoric, while the news media shows homey family shots of the Obama's vacations at America's National Parks.
I wonder now who holds the deeds to those properties?
Tags: Bernanke , Federal Reserve , Banks , Money , Credit , Debt , Wall Street , Global , Globalism
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 License.