It seems that President Bush and Fed Chairman Bernanke are speaking everyday. No matter what they do or what they say the economy is still in the tank. We have a slowing economy, a economy in a Recession and at the same time expanding Inflation. Actually we have been in an inflationary economy for some time but they changed the way the measured this inflationary number to make it look good in the media.
Meanwhile the price of gas and food the core essentials for our cost has been going up and up for years now. Oil has hit $110/barrel, the EUR/USD is at a all time high of 157 and then Yen has dipped below 100.
Once again the Fed(a private bank) is trying everything they can to eliminate the
issue that they have caused. Since 1999 they have been missing the mark with interest rate changes and now it has all caught up to them and they know they have no
control of what is continually happening in the market. They have caused the problem and it is now affecting the entire world economy.
Our Banks are failing 'cause the way the FED has manipulated the dollar and now no country wants our dollar. Our country is in debt with only funny money at it's disposal. What will come of this. Well there will be an adjustment period. Sorry to say our economy will be hit hard. I believe that it has to be a grass roots effort for American to get out of this. We as citizens of this country need to get involved. We need to push our government to get rid of the Federal Reserve, Issue our own money, U.S. Treasury Note, instead of Federal Reserve Notes, got back to the Gold Standard and start paying back the debt and get rid of the IRS and our Unconstitutional Tax Code run our country like the Financial Power House it used to be.
We as people must stop spending money we do not have and start building wealth, and we must force our government officials to do the same. We really need good leadership in our country, and practice financially sound principles to build an economy and a nation that lives in a open society with true transparency, honesty
and integrity. THe greed and desception must end. THat is what has caused this problem and what will continue unless you elinimate the cause.
Friday, March 14, 2008
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