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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: Federal Reserve

Fed Up With The Fed

16 Wednesday Nov 2016

Posted by perrinlovett in Legal/Political Columns

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Tags

banksters, Donald Trump, economy, Federal Reserve

Rumors circulate that Janet Yellen’s days as chairman of the Federal Reserve cartel are numbered. Bloomberg and Narayana Kocherlakota ran an article yesterday about central bank uncertainty under the Trump administration. It’s worth noting that the author is an insider, being a former Fed branch president.

Research has documented that central banks around the world have been better able to control inflation if they enjoy independence from elected officials. The election of Donald Trump seems like a good time to remind ourselves that, historically, the executive branch has presented the greatest threat to the independence of the U.S. Federal Reserve.

Since its founding in 1913, the Fed has experienced two big failures of independence…

Failures of independence. Since 1913 the Fed has been a colossal and constant failure for us though a smashing success for itself and its owners. We’d be much better off without it.

One hopes Trump will dramatically shake things up. Short of abolishing the syndicate and driving its stakeholders into the sea, that might be the best that could happen. The worst case is another bout of interference with independence. Yes, that might mean some bad things. Different bad things, rather – different from the usual badness.

20140919_sta1

Zero Hedge.

With all the potential for “bad” one wonders how on Earth we made it to 1913 without this system. That’s what I’m yellen ’bout.

Burn it down!

Breaking The Budget

15 Tuesday Nov 2016

Posted by perrinlovett in Legal/Political Columns

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America, budget, Constitution, debt, Federal Reserve

Searching desperately for a post subject I stumbled across a great article by Gary North. The robots are coming for your jobs – maybe mine. There’s no stopping them short of a war. Several folks, Elon Musk included, have lately floated the idea that everyone may become unemployed and thus need welfare. North thinks that is implausible given the shape of the existing federal budget.

I’m going to leave the robots alone, minus the ones I come across all alone, somewhere remote, in the dead of the night. Instead I’m taking aim at the budget. I’ll use the same budget graph North used:

15865a

Gary North / Wikipedia.

That’s $3,689,000,000 in federal spending. I’m not sure if that’s the current year; close enough by the numbers. And it’s not really a budget. Congress has yet to pass a real budget in nearly a decade. It’s just spending measure after spending measure. It works out to the same thing – tons of money wasted on any and everything.

Whatever else he may have been, president Obama is one hell of a tax collector. Last year the U.S. brought in a record $3,248,000,000 in tax revenues. One will note that even that impressive sum falls short of financing the spending. And that is why we have a debt problem. Previous years have seen much higher deficits. My plan would cure all of this.

Let’s examine the above graph staring around “6 o’clock” and working counter-clockwise. 24% or $882 Billion of the spending is for social security. Let’s go ahead and include “healthcare” in that too – Medicare and Medicaid. All of this equates to nearly $2 Trillion or roughly 50% of the “budget”. All of this is welfare and it is unconstitutional. Thus it may safely be abandoned. The budget is cut in half already.

Next there’s $223 Billion in debt interest payments. The debt will never be paid off and someday will be defaulted on. There’s no avoiding it. No reason to worry as the money never existed in the first place. Let’s go ahead and get through that now. Repudiate the debt and all the interest payments cease. While we’re at it, I’d abolish ALL debt – a jubilee of sorts – for everyone. I’d make new debt issuance a felony. I’d also run the central banksters and their friends out of town on a rail.

Next comes “other mandatory” spending. This is more welfare, most of it corporate and agricultural. None of it passes Constitutional muster and therefore is gone.

Next we have $583 Billion for “defense” spending. Almost all of this is for offense and graft. The Constitution provides for a navy and directing of the militias. That would hardly require a tenth of the current budget. We’ll say it’s cut down to $60 Billion. And that is until privateers and the States can fully take over. Of course, this means no more wars for profit but, remember, I’ve already run off the banksters.

Finally, there’s $585 Billion in discretionary spending. This is the stuff that can be cut by existing law, but isn’t. Likely three-quarters of this spending is for things not in the Constitution.

So it is that, if I had total budget powers, I could whittle the spending down to around $200 Billion per year. Such spending could easily be paid for with existing tariffs and excise taxes. Consequently, that’s how the government was supposed to be funded.

Originally, under the Articles, Congress had to beg the several States for funding. If a state objected, they just didn’t pay. Under the old Constitution, the tariffs covered the budget. Then along came the income tax and the Federal Reserve. Those, and the debt, I would kill. It would all work out wonderfully.You could keep all of your money and the money would be worth something.

Accordingly, this will not happen anytime soon. You can still thank me for the thought. I thank Gary North.

On The Money

15 Saturday Oct 2016

Posted by perrinlovett in Legal/Political Columns

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America, banksters, corruption, criminals, democracy, Federal Reserve, Jesus Christ, President, voting

Banker criminals (banksters) own and run the United States. They have almost complete control of the government. Any illusion of democracy and independent control by or for the people is just that, illusory.

Thanks to Vox Day and The New Republic for pointing this out: perhaps the biggest and most alarming bombshell in the Wikileaks Hillary file isn’t even about Hillary. It’s about how the banksters, Citibank in this case, control Washington from New York. Citi literally handed down a set of lists for nominees for cabinet officer and other high-level administrative positions.

The lists went to Podesta. Remember, this weekend I leave out all negative comments about Pres. Obama himself, he of the Cuban cigars, God bless him. This isn’t about him anyway, it’s about the owners of the nation and their rule over all things political. And those lists turned into the real cabinet – dead on the money:

The cabinet list ended up being almost entirely on the money. It correctly identified Eric Holder for the Justice Department, Janet Napolitano for Homeland Security, Robert Gates for Defense, Rahm Emanuel for chief of staff, Peter Orszag for the Office of Management and Budget, Arne Duncan for Education, Eric Shinseki for Veterans Affairs, Kathleen Sebelius for Health and Human Services, Melody Barnes for the Domestic Policy Council, and more. For the Treasury, three possibilities were on the list: Robert Rubin, Larry Summers, and Timothy Geithner.

This was October 6. The election was November 4. And yet Froman, an executive at Citigroup, which would ultimately become the recipient of the largest bailout from the federal government during the financial crisis, had mapped out virtually the entire Obama cabinet, a month before votes were counted. And according to the Froman/Podesta emails, lists were floating around even before that.

Congress and the President are extremely powerful. But the admin agencies run the government, day-to-day. Their regulations, their interpretations thereof and enforcement (or not) are what constitutes real federal law and power. And the banksters had these pre-picked before the 2008 election. These financial criminals appointed “your” government before you even voted. I say again, your vote means nothing. Literally. And something tells me they had another list in case the President had been a Republican.

Your walking into a voting booth isn’t how it works. This is:

nimbus-image-1476574804197

Email from banking criminal Mike Froman to political criminal John Podesta, Oct. 6, 2008.

You’ll note the lists are arranged in a manner to appease ardent Democratic diversity-mongers: women, blacks, Hispanics, Muslims, Jews, etc. Rest assured each and every name on the list was vetted to comply with the demands of the financial elite.

The banks were well compensated for this service, for putting together “your” government. Citi received nearly $500 Billion from Uncle Sam during the financial crisis bailouts – the most of any bank. And the Fed printed up and loaned fake money – effectively for free – to Citi and other banks (and not just American banks) to the tune of $15-20 Trillion.

In other words, they robbed you of your vote and your government. They robbed you of your currency and they robbed your children’s futures. That money may be fake but someday they will expect someone to pay it back – ain’t gonna be the banksters.

Please believe these people have a similar plan for this fall. I imagine the lists are already under consideration. There’s growing financial unrest again so it follows the printing presses are being revved up too.

How? Why? It’s because, as George Carlin put it, because they own this place; they own you. They’re going to get it all.

http://www.wga.hu/art/v/valentin/driving.jpg

http://www.wga.hu/art/v/valentin/driving.jpg

Valentin de Boulogne.

These are same thieves, the same clique of money changing Satanists that Jesus drove out of the Temple with a whip. “My house shall be called the house of prayer; but ye have made it a den of thieves.” Jesus, Matt. 21:13 (JKV). When was the last time your Priest or preacher mentioned that? When’s the last time they put it in a modern context. As Christ drove them from the Temple of the Lord, so we should drive them from America into the sea.

The Financial Crisis Recovery Crisis

28 Wednesday Sep 2016

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

banks, banksters, crime, Deutsche Bank, Economic collapse, economy, Federal Reserve, money, The People

Remember the financial crisis? And I mean from your own personal experience. Of course you do. Now, remember the recovery – again from experience and not what the media and politicians lied about. That ones a little harder, eh? There wasn’t much of a recovery honestly.

Now the recovery in name only is in crisis. Historically we’re due for another recession at this point. And the next one will be carrying the baggage of the last in addition to new problems.

joker_money_burn

At least the Joker had a plan – chaos.

Like the fun from 2008, this next round will center on the funny money-inflated banking industry. Deutsche Bank will be playing the part of Lehman Brothers or AIG (or both).

Europe’s biggest lender Deutsche Bank has lost more than half of its value since January, posing a threat to the stability of other banks across the continent. Some analysts are worried it could invoke a large-scale crisis, bigger than in 2008.

After a massive sell-off on Monday, Deutsche Bank’s market value shrank to €14.5 billion. In dollar terms it is only $2 billion more than the $14 billion penalty the bank faces from the United States Department of Justice over its mortgage-backed securities business before the 2008 global crisis.

Deutsche’s problems have raised questions about the health of other big European lenders. The share price of the Royal Bank of Scotland has plunged 13 percent and Italy’s UniCredit is down 12 percent this month. The Bloomberg Europe 500 Banks and Financial Services Index is down 4.2 percent for September. This is the worst result since June, when the Brexit referendum heavily hit the markets.

The problems of Deutsche Bank are putting the German government in a difficult dilemma, as it must decide whether to save the bank, whose assets are valued at about €1.8 trillion, half the size of the German economy.

Get that? A crisis bigger than 2008. That’s because this one is still tainted by the problems of 2008 which were never dealt with.

Germany is working on a rescue plan but that is just for and because of one bank. What about the others?

There was a secret rescue of sorts after 2008. The Federal Reserve printed up and gave away (loaned to be technical) about $16 Trillion. All of it went to the banks. The banks did nothing with the money; I’ve talked about this before. Maybe a third of the fake cash was gifted to foreign banks – mainly European. The same banks that are in trouble again. The numbers are hard to figure but Deutsche got hundreds of Billion$.

But that doesn’t mean it didn’t accept government rescue money during the financial crisis. Consider the following:

  • As one of the largest counterparties of failed insurer AIG, Deutsche Bank received $11.8 billion of the funds used to bail out AIG. [2]
  • The Federal Reserve made emergency low-cost funds widely available to foreign as well as US member institutions through its discount window. Deutsche Bank was the second heaviest user of such funds, borrowing more than $2 billion. [3]
  • The Federal Reserve also created a program known as the Term Asset-Backed Securities Lending Facility, which allowed banks to use their assets, including troubled or hard-to-value assets, as collateral for short term loans. Deutsche Bank was the largest user of the program, sending the Fed more than $290 billion worth of mortgage securities.[4]

To most people, who don’t make fine distinctions among the particular government programs that funneled their tax dollars to financial institutions, this probably looks an awful lot like a bailout.

This has been on my radar since at least 2013. I focused on the derivatives bubble then. It’s amazing that it has lasted this long.

And, it can’t last much longer. This crisis will probably be the main story of this fall, rather than the clown-show of the U.S. election.

Sadly, the people “in charge” have no idea how to combat these problems, which they created. Their only solutions will be more of the same. For us, that means more suffering. prepare now; this could get very rough.

Who’s HE Calling “Crazy”

15 Thursday Sep 2016

Posted by perrinlovett in Legal/Political Columns, News and Notes

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Alan Greenspan, America, crazy, economy, Federal Reserve, government

Alan Greenspan, the former “Maestro” of the Federal Reserve, recently explained the dire straights of the American economy as he sees it from senility:

Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.”

“It is the worst economic and political environment that I’ve ever been remotely related to,” Greenspan, 90, told a conference in Washington Tuesday evening sponsored by Stanford University and the University of Chicago.

On the economic front, the U.S. is headed toward stagflation — a combination of weak demand and elevated inflation, according to Greenspan. “Politically, I haven’t a clue how this comes out.”

“We’re not in a stable equilibrium,” he said. “I hope we can all find a way out because this is too great a country to be undermined, by how should I say it, crazies.”

Crazies. I’m not sure if this is a weak attempt to blame honest people who, upon finally waking up, are angry to find their nation in ruin, or if it is a weak admission about his own actions and those of his allies and successors.

Greenspan largely kicked off the modern era of the Fed’s Mandrake Mechanism. During his time he was dubbed “The Maestro” by Bob Woodward because his easy money strategies seemed, at the time, to temporarily lift the country and ease economic woes. There was more of a country to lift then and the woes weren’t as bad as they are now. Today they are much worse, as Greenspan admits, because of his actions and those of the Fed after his tenure.

The party is over because the magic has ceased to have effect. “Politically, I haven’t a clue how this comes out,” mumbled the Maestro. Of course, he doesn’t. The politics were never his expertise. His job was to run the money, creating it out of a thin computer. The politics were a side phenomenon.

left-to-right-janet-l-yellen-alan-greenspan-ben-s-bernanke-paul-a

Somebody forgot the cigarettes and blindfolds. Glassdoor.

The politicians were and are concerned with their own power. To them all the fake money is another side phenomenon. They haven’t a clue how it comes out economically. The fact is, neither side really cares.

That leaves the rest of us caught in the middle, trapped between two dying and angry, violent dragons, trashing about wildly. And the old leech will call anyone who expresses dismay or who tries to suggest solutions “crazy”. Well, it is all enough to make anyone crazy.

I do have a clue as to how it all comes out and it isn’t pretty. The outcome is becoming obvious to any but the most ardent and stay-at-home football fans and Pokemon fanatics. Call me crazy.

Record Taxes, Record Debts

14 Wednesday Sep 2016

Posted by perrinlovett in Legal/Political Columns, News and Notes

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America, banksters, crime, debt, Donald Trump, Federal Reserve, government, Obama, Ron Paul, taxes

More credit given where and when due: Hussein Obama is the greatest tax collector in the history of America, probably the world. Through last month Obama has raised $20,197,437,000,000 during his two terms in office.

That sum is, theoretically, more than enough to pay of the government’s (on-books) debt. That would leave nothing with which to operate the government. Horror!

Of course the debt was half of what it is now when Obama first took office. Had the government operated at Constitutional levels, there would have been plenty and to spare to completely pay off the debt before now.

This also means that Obama raises enough money each year via real taxation to run the federal leviathan at 2000 levels without any debt at all. Didn’t they get by in 2000? Why can’t they make do with that kind of spending now. Ron Paul officially raised that question back when there was still time to elect him president. That idea did not sit well with the criminals at the Federal Reserve.

Now Donald Trump is actually making similar noise:

To wit, Yellen is still sitting on interest rates at the zero bound after 93 months for one simple reason. Even in the context of an economic recovery that is now allegedly so complete that we are actually on the cusp of full employment, according to Vice-Chairman Stanley Fischer, she is deathly fearful of a hissy fit on Wall Street, as was foreshadowed by last Friday’s sharp sell-off.

Opined the Donald:

“She’s obviously political and she is doing what [President Barack] Obama wants her to do,” Trump said in an interview on CNBC. Trump predicted that the market is going to “go way down” as soon as interest rates go up.

“I believe it is a false market because money is essentially free,” Trump said.

He got that right but needs to take it a step further. At the same time that the Fed continues placating Wall Street gamblers with an unending stint of free carry trade funding that has self-evidently not generated real breadwinners jobs or higher real incomes in Flyover America, savers and retirees continue to be pounded.

In fact, our unelected monetary politburo is causing upwards of $300 billion per year to be transferred from savers to the banks and the financial system owing to its senseless pursuit of 2.00% inflation via pegging the money market interest rate on the zero-bound.

All Donald has to do to get my endorsement is to call for the abolition of the Fed. Well, that and promise to drive the banksters into the sea. He won’t, of course. The game will go on a little while longer.

us_president_barack_obama_spending_money_for_debt_policy_speech_strategy_comic_political_cartoon_economist_funny_best_top_free_g

Somewhere on Google.

There are no plans to pay off the debt. It is in fact un-payoff-able by design. One day all that red ink will have to be repudiated or written off. We might as well look at that reality now. I say cancel the debt – cancel all debts. And make debt illegal. Make issuing usurious debt a capital felony. There oughta be a law!

Otherwise, by 2024, Trump will hold the tax collection record while presiding over a $40-50 Trillion (on-books) debt. These are dubious records – like the highest score on the golf course.

That’s what I’m Yellin’ bout.

Just Keep Hammering

17 Wednesday Aug 2016

Posted by perrinlovett in Other Columns

≈ 1 Comment

Tags

coffee, Federal Reserve, inspiration, problems, Steve Forbes

This morning I woke on time and actually felt good, great maybe. I plugged away for about three hours and then it hit me – a sluggishness with an underlying sick feeling. I suspect it might be the coffee and the powdered doughnut I drank and ate conspiring with or against my summertime diet. I think they call it a sugar crash or something. Then there’s the threat that’s been brewing in the back of my mind for three days.

I’m going to keep going. A real breakfast and a trip to the gym (arms and shoulders today) will cure the tiredness. I specialize in dark threats; soon that brooding menace in my mind will be worrying about me.

Moving on is all you can do. With anything.

Nearly fifteen years ago I was in D.C. I was standing in a ballroom at the Mayflower talking to Steve Forbes. He had just given an inspirational address on the sorry state of our monetary policies. Then, as now and ever, those policies are ruinous. His inspiration came from how he approached the topic.

Even a connected and educated billionaire is a small thing when set against the monolithic evil of central banking. He was (and is) in the know, understanding more acutely than most what’s wrong and what it is doing to our country. He knows the windmills must be tilted though failure seems assured.

I asked him what we, any of us, could do to make a difference. He answer was amazingly simple, “Just keep hammering away.” He told me it wasn’t really about winning (though that would be nice); it’s about the fight, about doing what’s right no matter the outcome. Just because they’re evil and they keep winning doesn’t mean we retreat or concede – ever.

For old times sake, let me now wield that hammer: the Federal Reserve, its practices, its supporters, and beneficiaries are all pure evil. They are the bane of freedom. They need to be destroyed. There, I got that out of the way for the morning.

Now it’s time to cure my coffee hangover.

You? You just keep hammering away at whatever it is you’re facing today.

hammer-1187752-640x480

Photo by Penny Mathews/Getty.

 

*Ads ahead: caution…

With Recoveries Like These…

01 Monday Aug 2016

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 1 Comment

Tags

America, banksters, economy, Federal Reserve, government, money, politicians, recession, Ron Paul

Friday the Commerce Department, as reported by the Wall Street Journal, officially confirmed what many have known for some time – the current, post-financial crisis, recession “recovery” is one of the longest in modern history and THE weakest.

Even seven years after the recession ended, the current stretch of economic gains has yielded less growth than much shorter business cycles.

In terms of average annual growth, the pace of this expansion has been by far the weakest of any since 1949. (And for which we have quarterly data.) The economy has grown at a 2.1% annual rate since the U.S. recovery began in mid-2009, according to gross-domestic-product data the Commerce Department released Friday.

For so many it feels like the recession never ended. This, by the way, was the recession that they never actually admitted had begun. Remember that? The lies? “Bankin’ industry’s never been stronger!” – even as it teetered on the edge of total collapse.

The WSJ provides several informative graphs. In describing the graphs they lay off of the “recovery” talk and correctly label the upward-trending parts of the business cycle as “expansions”. Except, there hasn’t been much of the upward of late.

nimbus-image-1470051868389

That’s us, over far right, the littlest bar. WSJ/Commerce Dept.

You’ll immediately note that as time goes by the recoveries (expansions) are steadily getting weaker. This graph notes annual GDP changes. Their next graph shows cumulative changes over decades or, rather, between recessions. By that one, America’s best days were in the 1960s and the 80s/90s. Of course, that particular graph allows one to compute a rough average time between recessions.

Yes, the current “recovery” started seven years ago but the precipitating recession started nearly nine years back. Recovered or not, we’re overdue for another recession. Nice, huh?

This story and the graphs show the strength (or lack thereof) of recovery, not the magnitude of the recessions. The financial crisis was huge. We’re nowhere near being made whole again. And now the entire economy is changing.

If any of the forgoing alarms you (you awake, out there?), you may lay the blame for your concerns at the feet of our friends at the Federal Reserve and our trusty “servants” in Washington. In a world with a responsible government and without a central bank cartel (the USA before 1913) recoveries were as sudden and short-lived as the recessions – both merely punctuated periods of steadier growth. Growth without the benefit of Fed funny money.

Not content with the status quo the Fed and the criminals in D.C. set out to “manage”the economy, which the Fed accomplishes in much the same way a bad drunk “manages” a car. (It goes really, really fast …. until it hits a tree).

Part of their brilliant management scheme for the past nine years has been to foster ridiculous government spending while simultaneously flooding banks (not just American ones) with cash. The banks have not released much to the general economy. Rather, they have played Monopoly and roulette with derivatives and other gambles of their own making. They haven’t played too well, either. Currently there is a race to see which major bank will collapse under its own weight first. Right now it looks like Deutsche Bank but who knows? Then comes another financial crisis. Recession. More funny money. Rinse and repeat.

qVrsoXi

Reddit.

Those of you who wasted your time watching THE party’s two political conventions, with all the blabbing about seemingly everything, may remember hearing nothing about these issues. They certainly don’t have any solutions to offer. Ron Paul did but the masses wrote him off as crazy and unelectable. Now we have a recovery which is crazy and unsalvageable.

Happy August the first!

A Den of Vipers and Thieves

20 Wednesday Apr 2016

Posted by perrinlovett in Legal/Political Columns

≈ 6 Comments

Tags

Alexander Hamilton, America, Andrew Jackson, central banking, Congress, Constitution, crime, decline, economy, Federal Reserve, freedom, government, history, money, The People

Today news comes of a revenge 184 years in the making, a revenge that could only happen in post-American America. Treasury Secretary Jacob J. Lew has tentatively announced that Harriet Tubman will replace former President Andrew Jackson on the Twenty Dollar Bill as early as 2020. Lew made the decision after shock followed his previous proposal to knock Alexander Hamilton off the Ten Dollar Bill in favor of a woman.

Hamilton is safe thanks to a new hip hop Broadway musical. (Yes, post-American America.) However, he will likely be joined on the new $Ten by one or more famous American ladies. Might I recommend Bonnie Parker. Rumor has it Jackson will be relegated to a supporting role on the back of the new $20. Maybe they will feature a picture of his tombstone.

So, how is this revenge? History, my friends, history. In 1816 there was created the Second National Bank of the United States in Philadelphia. It was a private corporation set up, in violation of Article One of the Constitution, in order to expand government debt and power while simultaneously enriching the already wealthy. It was modeled after the failed First National Bank and in keeping with the central banking cabal theories of Alexander Hamilton. Is all this starting to make sense?

Earlier Congresses, while happy to illegally trade away their authority for easy money, were still more prone to banking oversight and regulation than their modern contemporaries. The Second Bank was not a complete sell-out. It was, however, ruinous to the larger economy the way central banks tend to be. It died a veto’s death in 1832 on the watch of ardent central bankstering opponent Andrew Jackson. Jackson, a blunt man, accurately condemned the Second Bank: “You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out.” And rout them out he did.

So long, old man. Slate/google.

Money returned to being real money for a time. Congress set the value in gold and silver and notes were issued and held by various state and federally chartered banks. This period corresponded with the most robust economic growth in American history. Only once, during Abraham Lincoln’s war, was the gold standard suspended – among many other illegalities. Most Americans, those not killed in the government’s wars, prospered. Times were good. Slaves were freed. And so on. Still unscrupulous politicians were constrained by fiscal reality and a certain small sect of leeches lost decades worth of influence and domination. Both of these maniacal parties returned to splendor when central banking made a comeback in 1913 with the passage of the Federal Reserve Act.

The Federal Reserve brought happy days back again – for them, not us. The people have only reaped two depressions (with another looming), the financial crisis, the S&L crisis, junk bonds, bailouts, the constant cycle of smaller recessions, blossoming federal debt, spending and power, crushing private debts, the collapse of purchasing power, inflation, wars, wars, and more wars, one idiotic government program after another, the end of the gold standard, the confiscation of gold, the theft of gold, and the near total evisceration of monetary value. Hooray!

All of these calamities were foreseen by Jackson. By vetoing the Second Bank he set the Hamiltonians (almost as cult-like as the Lincoln lovers) and the Rothschilds back by almost a century. In truth they had their revenge in 1913 at Jekyll Island, Georgia. Keeping Hamilton while ditching Jackson from the fiat currency is merely icing on the cake. Given the degeneration of America in post-American times, that icing must be particularly sweet.

Kari Winter is the director of the University [SIC] of Buffalo’s Institute for Gender. (Again, no need for colleges anymore). “Dedicated to advancing women’s and LGBTQ leadership, vision, and influence, the Gender Institute fosters workspaces in which each participant is stimulated to reach her/his highest potential and to increase knowledge and justice within the university, within their disciplines, and in society at large.” University [SIC] of Buffalo website.

Ms. (Mr.?) (It???) Winter praised leech Lew’s announcement as follows: “[Hamilton] is fully appropriate to be on American currency, whereas Jackson was a scoundrel, a slave holder and a white supremacist who was involved in the removal of Indians and was completely opposed to paper money and was horrible to women…” Her Institute is dedicated to knowledge, remember.

Yes, Jackson may have been a scoundrel – a temperamental man prone to violence and dueling. Then again, Hamilton dueled as well; he just wasn’t as good at it as Jackson. Jackson was a slave owner, true. George Washington was but they don’t seek his removal from the $1 Bill just yet. Jackson did remove forcibly many Indians. So did Abraham Lincoln. Lincoln is secure on the $5 Bill; I’m sure Ms. (????) Winter agrees. Lincoln never adopted two Indians as his own children as the racist Jackson did – such a white supremacist. Horrible to women? Lincoln made widows and vagabonds out of hundreds of thousands of women. Jackson fought to save women (and men) from economic destruction. Jackson also defended his wife from the lowbrow political attacks of his rivals – that violent temper at work.

It really all comes down to the paper money, to Jackson’s atavistic hatred of the evils of central banking. In a way it is fitting that Jackson should be removed from our worthless, private corporation-issued currency. By the way, whatever Lew decides on the matter, the Federal Reserve has the final say. In a world where mobsters run the economy and the government, where popularity and history are in the keeping of rappers and teenagers, and where a University [SIC] seeks to advance LGBLT (or is it LGBBQ?) influence, a man like Jackson is a misfit.

‘Merica. Google.

Let the vipers and thieves gloat; theirs is the long victory.

Deja Vu

13 Saturday Feb 2016

Posted by perrinlovett in News and Notes

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Tags

Economic collapse, economy, Federal Reserve

The other day I reported things are looking like 2008 all over again, economically speaking. I must have had it all wrong. The Dow came back over 300 points based on rumors of limited oil production and a statement from the Federal Reserve Bank of New York.

New York Fed President William Dudley said things are just dandy. He said the financial industry is “clearly stronger” than it was ahead of the last financial crisis. Cleary. Cleary the banks were not very strong then as their condition precipitated the crisis. What are words anyway? Nothing more than descriptive terms.

This rosey description rang a bell in my memory. I recall hearing something similar before.

Ah, yes. Just prior to the 2008 crisis the Fed Chairman, Ben Bernanke said the financial sector was just dandy – as strong as ever. He kept repeating that lie … um, line right up until the meltdown was undeniable. As late as May 15, 2008 Bernanke said:

I strongly urge financial institutions to remain proactive in their capital-raising efforts. Doing so not only helps the broader economy but positions firms to take advantage of new profit opportunities as conditions in the financial markets and the economy improve. (Emphasis mine).

That was just after Bear Stearns sold at a fire sale price and just before Lehman Brothers went under. Then came TARP, Bush’s betrayal of real capitalism, and tens of Trillion$ in Fed funny money for banks in the U.S. and Europe. You may recall the housing crash and high unemployment. Fun stuff. Never stronger.

The lesson learned is if the Fed says the economy is well, then the bottom is about to fall out. It’s deja vu all over again.

images

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Perrin Lovett

From Green Altar Books, an imprint of Shotwell Publishing

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