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Thread: "Federal Reserve Blows More Bubbles" Ron Paul Texas Straight Talk 5/6/2013

  1. #1

    "Federal Reserve Blows More Bubbles" Ron Paul Texas Straight Talk 5/6/2013


    Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.

    The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don’t start looking up. But actually the Fed has already been buying more than the announced $85 billion per month. Between February and March, the Fed’s securities holdings increased $95 billion. From March to April, they increased $100 billion. In all, the Fed has pumped more than a half trillion dollars into the economy since announcing its latest round of “quantitative easing” (QE3) in September 2012.

    Although many were up in arms when the Fed said it would buy $600 billion in government debt outright for the previous round, QE2, all seems quiet about the magnitude of QE3 because it doesn’t come with huge up-front total price tag. But by year’s end the Fed’s balance sheet could hit $4 trillion.

    With no recovery in sight, where’s all this money going? It is creating bubbles. Bubbles in the housing sector, the stock market, and government debt. The national debt is fast approaching $17 trillion, with the Fed monetizing most of the newly issued debt. The stock market has been hitting record highs for the past two months as investors seek to capitalize on the Fed’s easy money. After all, as long as the Fed keeps the spigot open, nominal profits are there for the taking. But this is a house of cards. Eventually, just like in 2008-2009, the market will discipline the bad actions of the Fed and seek to find the real normal.

    In the meantime, real families are suffering. While Wall Street and the government take advantage of access to the Fed’s new “free” money, the Fed claims there is no inflation. But who hasn’t paid higher prices at the grocery store, the gas pump, for tuition, for insurance? It’s bad enough that household incomes have stagnated, but real purchasing power has declined so much that one in seven Americans, 47.3 million people, are on food stamps. Five million are collecting unemployment insurance with 21.5 million afflicted by unemployment according to the government’s own figures. That’s 13.9 percent -- close to double the 7.5 percent unemployment number reported last week.

    We are certainly not in a recovery. We don’t see the long unemployment and soup kitchen lines like in the Great Depression, but that’s just because the lines are electronic now.

    It is not surprising the Fed has decided to hand the American people more of the same failed policies. But it is disappointing. We know what the real solution is: allow the marketplace to work. Allow entrepreneurs the chance to create instead of stifling innovation with arbitrary regulations. Allow interest rates to rise to equal the risks in the economy. Allow bad debts to be liquidated so we can build on a firm foundation. Stop printing money to benefit the government and big banks. Restore sound money to the economy and the American people. Sound money is the bedrock for prosperity and the best check on big government and crony capitalism.
    http://www.the-free-foundation.org/tst5-6-2013.html
    Last edited by sailingaway; 05-05-2013 at 07:47 PM.
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

    "Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden



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  3. #2
    this is getting a lot of play on twitter.
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

    "Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden

  4. #3
    I added the video to the OP
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

    "Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden

  5. #4

  6. #5

    "Federal Reserve Blows More Bubbles" Ron Paul Texas Straight Talk 5/6/2013

    ""Federal Reserve Blows More Bubbles" Ron Paul Texas Straight Talk 5/6/2013"


    This is a bathtub joke; right?

  7. #6
    Quote Originally Posted by Carson View Post
    ""Federal Reserve Blows More Bubbles" Ron Paul Texas Straight Talk 5/6/2013"


    This is a bathtub joke; right?
    hm.

    Zerohedge has it up as: Ron Paul warns of House of Cards or something like that.

    Last edited by sailingaway; 05-05-2013 at 08:31 PM.
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

    "Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden

  8. #7
    Actually the joke seems on us.


    When they counterfeit the money supply they add nothing to the pile of stuff, they just shift the property lines.

    They've shifted so much over to themselves now they seem faced with a crowd control problem. I imagine the drones will be needed to herd us away from their good stuff.

    I remember about fifty years ago when all of our everything was ours or shared in some way. The government even came to people with ideas they needed help funding with. Imagine that now.

    Our central bank has almost reached 100 years old. Other countries either a little more or less. Some say there are only four countries left not tied in with the global network of central banks. Some say Lincoln ended slavery.

    Oh what a web we weave.

  9. #8
    Apparently a lot of people are whining about how the commercials annoy them in Ron Paul's podcast videos... at least they did on my reupload. Don't they realize liberty sometimes requires a bit of funding... it's not like we have Goldman Sachs to take care of us everyday.
    //////////////////



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  11. #9
    Quote Originally Posted by PSYOP View Post
    Apparently a lot of people are whining about how the commercials annoy them in Ron Paul's podcast videos... at least they did on my reupload. Don't they realize liberty sometimes requires a bit of funding... it's not like we have Goldman Sachs to take care of us everyday.
    are they really whining? I'm glad of the sponsors.
    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

    "Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden



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