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Federal Reserve Follies

By   Follow Me on Twitter     Message Robert Cogan       (Page 1 of 1 pages)     Permalink    (# of views)   2 comments

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About half of Treasury's $700 billion bailout loans are committed. I expect partial repayment, then refinance, then forgivness. After all, it's Bank of America, etc. getting' bailed, not Joe Sixpack and Jane Lunchlady. B. of A., etc. own Senator Shumer (D-NY) and have large “positions” in many other Congressmen. More sneaky is the Federal Reserve's recently announced “easing.” The Fed will greatly expand the money supply and buy discredited securities. Under our Federal Reserve Act, creation of money unavoidably occurs simultaneously with creation of debt (see the YouTube video “Zeitgeist Addendum, Modern Money Mechanics.”)

Left critics couch arguments for ending war in fiscal restraint terms about the size of the national debt. Rightist critics appear paranoid about the power of bankers, especially “Rothschilds.” Both miss the problem. The debt and deficits matter less than growth of interest payments which, long term, threatens America's ability to carry out our Constitutional commitment to promote our general welfare.

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How do you know when your country has been run by the infernal twins, Republicans and Democrats? Your kids are at war in some godforsaken place, based on lies, but antagonizing a billion Muslims, or Chinese... whatever. Your wallet is nearer empty, because of inflation and taxation to pay more interest on the debt. Your weather is more extreme. The environment is more depleted and toxic. And your dog is pregnant.

Only extreme campaign finance reform or mass defection from the infernal twins could take us off dynastic politics (Jeb v. Caroline 2016?) and “the middle of the road” to international disgrace and decline.


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I could be Bernie Sanders older brother by similarity. I was born in Manhattan, 1940, he, about a year later, in Brooklyn. I too am a white male American. A retired college professor of philosophy. We both were born of Jewish parents. I was (more...)

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