TIMING!
Are you upset about the AIG Bonuses? Probably not unless you have been brainwashed by the latest media campaign which includes an unprecedented interview given by the Federal Reserve Chairman to an unprecedented late-night-talk interview given by a sitting President.
And…of course, the usual co-conspirators including FOX News. So, with this how could we not be upset … EVERYONE is telling us that we should be…
It’s also interesting to note that neither of these men or their offices are “accountable to” or “report to” the other … two “separate and independent” organizations…
Now, the recent AIG Outrage” begins here…
We see a “more angry” Bernanke because of “irresponsible” acts by AIG.,,
Next? President Obama ignites the AIG Bonus “Public Outrage”…
MR. LENO: Let me ask you about this. I know you are angry –- because, you know, doing what I do, you kind of study body language a little bit. And you looked very angry about these bonuses. Actually, stunned.
MR. OBAMA: Stunned. “Stunned” is the word.
Transcript – President Barack Obama on The Tonight Show with Jay Leno – Text – NYTimes.com.
“I think people are right to be angry,” the president said before leaving Washington, referring to the AIG bonuses issue. “I’m angry. What I want us to do, though, is channel our anger in a constructive way.”
Pitching His Budget, Obama Makes a California Swing | 44 | washingtonpost.com.
Speaking to Small Business at the 2:40 Mark “I’m choked…up with anger here…”
WHY all the “Outrage” and “Anger” promoted by the POTUS, FED and Congress?
On CNN Ron Paul was asked about the AIG Bonuses…he tells CNN and Congress that they are ‘missing the point” (as usual). He goes on to explain how the unconstitutional acts of the bailout have lead to another unconstitutional act by Congress in the taxing of the AIG Bonuses at 90%.
HOWEVER…the big issue is “the major crisis” we are in and the $1.25 Trillion of Government and Mortgage Debt bought by the FED which has pushed the dollar down (Wed. 3–18–2009). (Remember this “independent” Federal Reserve needed NO approval to spend over $1,000,000,000,000.00 last week)
See how quickly the media glosses over the BIG problem of the Federal Reserve. I saw the same on FOX News this Saturday morning where the topic of AIG Bonuses was not going to be replaced by Bernanke’s actions this week.
Are the Actions of the Federal Reserve (on Wednesday March 18, 2009) really anything to worry about?
So the Federal Reserve has embarked on the great experiment of our time, quantitative easing; also known as monetization of the debt; also known as creating money out of thin air – to buy U.S. Treasuries in a desperate effort to stop deflation.
The television pundits were all acting surprised at the size and boldness of Ben Bernanke’s actions, as if they didn’t know that the Fed has already bought $100 billion in agencies. That agency commitment has now exploded to $750 billion. The Fed’s balance sheet will balloon to $3 trillion, while the universe of allowable assets will expand under the Term Asset-Backed Securities Loan Facility (TALF) program. The Fed will print money, use it to buy Treasuries, then loan them for assets of dubious quality.
Wednesday’s announcement is the equivalent of Fed Chairman Bernanke standing on a soapbox, waiving the white flag of surrender and shouting, “deflation is here.”
Is Bernanke Saying “Deflation Is Here”?. ElliottWave.com
We may look back and say “Wed. 3-18-2009 was the final nail that killed the dollar”…
Of course if China won’t buy our debt…someone has to…so it might as well be U.S.
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