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.
Despite this grim and obvious future, Yellen told the US Senate in her confirmation testament that she sees nothing strange with proceeding with the Quantitative Easing plan pushed by the former Fed chief, Ben Bernanke, and she is determined to continue on this course until she no longer sees signs of financial difficulty. So she's extremely unlikely to taper the Fed's $85 billion in monthly bond purchases.
Yellen knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be dumb a lot of the time-- but they aren't foolish. And they certainly see all this unfolding and it produces a tremendous amount of concern about the nation's economic future, and their very own monetary future. That's why customers aren't spending money in the economy the experts believe they should with Obama in charge, and why businessmen aren't employing the out-of-work people the way the economic pundits believe they ought to be, and why participants of the Millennial generation aren't getting as many of the latest cell-phone apps the way economic forecasters thinks they should be. The wise ones see their future-- and it looks rather bleak.
But there are a few things that ordinary Americans can do to secure themselves to prepare for the next economic calamity, one that political leaders are just biding time on in the hopes that the threat will simply disappear. Americans can transfer their family financial assets to real cash, The Lord's Money: gold and silver financial instrument that have actually held up throughout history. Precious metals are the only financial means guaranteed to stand whatever financial and spiritual tests loom for 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.
Despite this grim and obvious future, Yellen told the US Senate in her confirmation testament that she sees nothing strange with proceeding with the Quantitative Easing plan pushed by the former Fed chief, Ben Bernanke, and she is determined to continue on this course until she no longer sees signs of financial difficulty. So she's extremely unlikely to taper the Fed's $85 billion in monthly bond purchases.
Yellen knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be dumb a lot of the time-- but they aren't foolish. And they certainly see all this unfolding and it produces a tremendous amount of concern about the nation's economic future, and their very own monetary future. That's why customers aren't spending money in the economy the experts believe they should with Obama in charge, and why businessmen aren't employing the out-of-work people the way the economic pundits believe they ought to be, and why participants of the Millennial generation aren't getting as many of the latest cell-phone apps the way economic forecasters thinks they should be. The wise ones see their future-- and it looks rather bleak.
But there are a few things that ordinary Americans can do to secure themselves to prepare for the next economic calamity, one that political leaders are just biding time on in the hopes that the threat will simply disappear. Americans can transfer their family financial assets to real cash, The Lord's Money: gold and silver financial instrument that have actually held up throughout history. Precious metals are the only financial means guaranteed to stand whatever financial and spiritual tests loom for this generation of Americans.
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