Have We Launched an Economic War ????? (credit card, debt, pension, interest)
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I do not know if we have started a war, but we sure have ruffled some feathers.
Diplomatic failures tend to be recurring.
All wars represent failures of diplomacy, usually concerning economics.
This topic drives deep, very deep, into the working heart of global economics that few Americans truly understand.
That said, no one likes to get repaid a debt, bond or investment with a currency that is now worth less than what the debt or saving owed. A dollar in gains 40 cents back!
It's a game of three card monty on a global scale with the U.S. holding back the hole card......with ALL the other players always loosing while the U.S. wins all the time.......if the U.S. can get away with it. A stacked marked deck with only one winner
MICHAEL HUDSON: Well, if they have money to put in pension funds or savings, they’re only able to get about one percent, if they keep it safe. Otherwise, they’re taking a risk in the stock market. But the key is not simply lowering interest rates. The idea is to flood the economy with credit so the banks will lend out more debt. And if the Fed’s policy works, then housing prices are going to go back up so high that most consumers are going to have to pay 40 percent of their income for housing. They’re going to have to pay more money for credit card debt. The purpose is to help the banks make money at the expense of the economy. It’s not to help the economy at all. That’s the really important thing. When they say the economy, they mean—the Fed means its constituency: the banks. And the banks’ product is debt. And that’s what they’re trying to produce...........It’s deflationary for the economy, inflationary for the people who have wealth, inflationary for the banks. And it’s the banks really at the expense of the economy.
This topic drives deep, very deep, into the working heart of global economics that few Americans truly understand.
That said, no one likes to get repaid a debt, bond or investment with a currency that is now worth less than what the debt or saving owed. A dollar in gains 40 cents back!
It's a game of three card monty on a global scale with the U.S. holding back the hole card......with ALL the other players always loosing while the U.S. wins all the time.......if the U.S. can get away with it. A stacked marked deck with only one winner
The US is also forgetting we aren't the biggest kid on the block with the coolest toys anymore. The US would lose their arse in a war with China plain and simple. India/Israel/USA/Western Europe vs. China/Russia/NK/Iran/Pakistan would not be pretty.
The US is also forgetting we aren't the biggest kid on the block with the coolest toys anymore. The US would lose their arse in a war with China plain and simple. India/Israel/USA/Western Europe vs. China/Russia/NK/Iran/Pakistan would not be pretty.
News about Chinese military buildup doesn't seem to slow the economic warfare plan one bit.
The US government is basically under the control of the FED and the banks which comprise the FED.
Together they have economically attacked the American people, Europe, China, Japan, the BRIC economies, and the emerging markets, all while the American people pick their noses.
If history has taught us anything, it is that the people of a country are ultimately the ones who pay the price for allowing their government to practice hostilities.
The role of banks in a nations economy has for the most part been relegated to the back pages of the daily papers and nowhere to be found on the TV news snooze, the obfuscation of banking rules and procedures is a necessity to the financial industries survival. There is no lack of good things to read in regard to the crimes of our banks but one must actually do the reading in order to understand it. It is the fact of American political/economic ignorance that allows the coalition of money and government to wage economic war upon all those who aren't in the "circle" of US influence. The organizations that have been leading this charge is comprised of the political/economic think tanks that have been ruling the US for a long time.
Our foreign policy deliberations have been hijacked by the likes of PNAC and other Neocon groups that act as our behind the scenes non elected leadership. World economic domination by the force of US military might is the basic agenda of such groups. There are many tales from the insiders of those shadowy government forces that reveals the past CIA ops that actually went so far as to "create" money in foreign denominations to flood the target nation's economy with funny money in order to cause massive chaos in those countries, that serves to show that currency can indeed be a weapon. Our own currency is now suspect on the world stage and for good reason. The Fed is seen as the problem but it's creation and it's creators need to be understood in order that it doesn't appear as some kind of misguided notion that went astray, by design it was meant to control our nations collective wealth and by extension the wealth of all nations.....
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