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Janet Yellen, the newly nominated chief of the U.S. Federal Reserve, said this week that she'll press on with the Fed's unprecedented monetary stimulus until she sees a robust recovery. Meanwhile, President Obama backtracked just a bit on his socialization of American medicine, unilaterally deciding not to force insurance companies to pull the plug on millions of individual health policies after all-- at least until next year.
In Washington, this is how political leaders behave, They call this tip-toe "progress." Yet every thinking American understands what is going on. It is rearranging the deck chairs on the Titanic. That's an applicable analogy for this ship of state, the once invincible United States of America.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
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 political leaders behave, They call this tip-toe "progress." Yet every thinking American understands what is going on. It is rearranging the deck chairs on the Titanic. That's an applicable analogy for this ship of state, the once invincible United States of America.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen holds fast to the belief that "QE" is among the last few props still holding up the economic fate of the world. She is keeping it from falling into the abyss. This happened five years earlier. Equally stubborn, Obama has no objective of slowing down his effort to take control of Americans health care. This despite all the troubles he has caused himself by his initial lies on the campaign trail. He promised people could keep their doctor as well as their health plan under Obamacare.
Americans can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
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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