Thee RANT

TrueBlue wrote:1PP....
Let me throw this one your way....
What if millions of people stop using their debit card...and instead use their credit cards.
Instead of a cash transaction, billions of dollars in debt are created.
1. The card holders run the risk of defaulting on that money...money which is actually borrowed.
Creating a bigger debt bubble.
And the possibility of billions never paid back to the banks.
2. By having that much more in outstanding credit card debt....it's as if more money has been printed.
As CC debt is included in the overall M numbers.
It could create a further inflationary situation.
Thats all as if The Fed and The Treasury have printed more money.
In effect it's a QE situation.
But dressed up in a different suit.
Which is exactly what Bernanke wants.
They are geniuses...evil ones....but geniuses.

OR millions of people could start using CASH! They would physically withdraw it from the bank before they spent it; they would see the money, their money, leaving their hands. All of that cash leaving the bank would create a demand for the physical paper; it would also lead to people spending more wisely and frugally.
The above is NOT want Ben wants. How this all turns out is in OUR hands.

The Obama, Goldman Sachs & Rothchild connection - This inside scoop connects the dots!

Just a little over one year after being elected as a junior senator, in
2006 Obama was the featured guest before a private gathering of the
Goldman Sachs executives in Chicago, an honor unheard of for someone
that politically insignificant, speaking before the most powerful
financial firm on Wall Street and one of the most powerful in the world.
This was quietly reported in Bloomberg News.



It was the launch of his presidential campaign and Goldman executives
soon gave over $800,000 to jump start the Obama presidential bid along
with collecting millions of dollars from their fellow Wall Street firms
and clients. Oh yes, Robert Rubin became the Obama economic expert, a
former CEO of Goldman Sachs. Billionaire Warren Buffet became his most
trusted economic advisor, a man who was to invest $5 billion in Goldman
Sachs in the height of the economic meltdown. Yet Buffet was also a
personal guest of Lord Rothschild at a private conference at his English
estate.



The story only gets better. On May 3, 2007, Barack Obama attended an
event at the Museum of Modern Art in Manhattan that was not on his
public schedule and is only now surfacing. The exclusive private dinner
was for Goldman Sachs traders and featured a discussion on issues by
Obama moderated for the Wall Street firm by NBC's Tom Brokaw. Once
again the circumstances are strange as a year later Brokaw would be
moderating the second presidential debate between Obama and McCain and
the economy and Wall Street were the main points of discussion. Of
course the debate commission and McCain were unaware that Obama and
Brokaw had already held a practice session the year earlier.

Here is a most interesting article that connects a lot of dots between Obama, Goldman Sachs and the Rothchilds.

http://www.bignews.biz/?id=788260&pg=1& ... ial-Rothsc...

A Clash of the Titans for Control of the Presidency

News the media won't report!

Did it ever occur to you that perhaps your vote really doesn't matter
because whatever happens in America is being orchestrated by more
powerful sources? Few people understand the power and financial
influence of two of the most powerful international financial houses in
world history and it may very well be they are heavily involved in
cutthroat competition for control of our next president. Yet the media
has not even begun to question the relationship between these
international bankers and our candidates for president.

Well they should before it is too late. Some would argue it may
already be too late as the Congress, the White House, the Federal
Reserve, the Treasury Department and the two candidates have already
joined forces to adopt the most comprehensive bail out of Wall Street
and the banking community every seen in American history and followed it
with similar action in every major nation throughout the world.

While Congress and the candidates talk about a $700 billion bailout
that was necessary to save the economy, the Federal Reserve and Treasury
were quietly adopting new programs and regulations to provide direct
assistance to the financial markets bringing the total bailout to nearly
$3 trillion. As if that is not enough, the Democratic leadership in
Congress also intends to offer a future bribe to the taxpayer of another
$300 billion stimulation program if Obama gets elected.

How in the world did the Democrats and Republicans, the liberals and
conservatives and the media of this nation all agree to such a massive
commitment to save the very institutions that cheated, committed fraud,
bent regulations and out-smarted the best minds in government and
finance? How did people with opposing philosophies who were bitter
political rivals bury the hatchet in the midst of one of the most
contentious presidential campaigns in history, just a few weeks before
the dramatic climax?

Well perhaps the quiet involvement of Goldman Sachs and the
Rothschilds may explain as these global powerhouses have been getting
their way with governments since long before most modern governments
even existed.

In 1750, 26 years before the American Declaration of Independence the
Rothschild family began their journey to become the most powerful
financial family in world history and though to this day the vast
majority of their holdings are privately held, estimates of their family
holdings are as much as $167 trillion dollars. Strategic actions over
the 258 year continuous evolvement of the Rothschilds has led to control
of much of the world supply of gold, oil, diamonds and many other
assets.

As for Goldman Sachs, they were founded in 1869, shortly after the
end of the US Civil War and at the dawning of the industrial revolution
in America joining yet another family firm still around today, J.P.
Morgan whose work to save the Union during the Civil War earned it many
privileges during the explosion of growth in America including the

http://www.bignews.biz/?id=788260&pg=1& ... ial-Rothsc...

LMB is on ignore for a while now.. a paid shill for The Fed or some other entity. 

A Long, Steep Drop for Americans' Standard of Living
Think life is not as good as it used to be, at
least in terms of your wallet? You'd be right about that. The standard
of living for Americans has fallen longer and more steeply over the past
three years than at any time since the US government began recording it
five decades ago.Bottom
line: The average individual now has $1,315 less in disposable income
than he or she did three years ago at the onset of the Great Recession –
even though the recession ended, technically speaking, in mid-2009.
That means less money to spend at the spa or the movies, less for
vacations, new carpeting for the house, or dinner at a restaurant.
In
short, it means a less vibrant economy, with more Americans spending
primarily on necessities. The diminished standard of living, moreover,
is squeezing the middle class, whose restlessness and discontent are
evident in grass-roots movements such as the tea party and "Occupy Wall
Street" and who may take out their frustrations on incumbent politicians
in next year's election.
What
has led to the most dramatic drop in the US standard of living since at
least 1960? One factor is stagnant incomes: Real median income is down
9.8 percent since the start of the recession through this June,
according to Sentier Research in Annapolis, Md., citing census bureau
data. Another is falling net worth – think about the value of your home
and, if you have one, your retirement portfolio. A third is rising
consumer prices, with inflation eroding people's buying power by 3.25
percent since mid-2008.
"In
a dynamic economy, one would expect Americans' disposable income to be
growing, but it has flattened out at a low level," says economist Bob
Brusca of Fact & Opinion Economics in New York.
To
be sure, the recession has hit unevenly, with lower-skilled and
less-educated Americans feeling the pinch the most, says Mark Zandi,
chief economist for Moody's Economy.com based in West Chester, Pa. Many
found their jobs gone for good as companies moved production offshore or
bought equipment that replaced manpower.

MORE FROM CSM.COM

• Should Millionaires Really Pay More Taxes?
• Were You Better Off in the 1990's
• What Occupy Wall Street Protesters Don't Understand

"The
pace of change has been incredibly rapid and incredibly tough on the
less educated," says Mr. Zandi, who calls this period the most difficult
for American households since the 1930s. "If you don't have the
education and you don't have the right skills, then you are getting
creamed."
Per
capita disposal personal income – a key indicator of the standard of
living – peaked in the spring of 2008, at $33,794 (measured as after-tax
income). As of the second quarter of 2011, it was $32,479 – almost a 4
percent drop. If per capita disposable income had continued to grow at
its normal pace, it would have been more than $34,000 a year by now.
The
so-called misery index, another measure of economic well-being of
American households, echoes the finding on the slipping standard of
living. The index, a combination of the unemployment rate and inflation,
is now at its highest point since 1983, when the US economy was
recovering from a short recession and from the energy price spikes after
the Iranian revolution.

CONTINUED1 | 2 | 3 | Next Page »

A Law firm went bust.. he he..



http://www.dailyjobcuts.com/