Ben Bernanke's announcement that he is unleashing the first installment of his so-called "QE 2"... "Quantitative Easing 2" for 600 BILLION dollars on the unsuspecting American public, is a perfect example of "the masters of America" banking cartel loan sharks
TAKING A VICTORY LAP after their bought and bribed election of 2010, their
Manchurian Candidate SABOTAGE DEFEAT of the Democratic Party in this past Tuesday's election.
"Quantitative Easing" is
nothing but
a PROPAGANDA term dreamed up by the propagandists at the Fed and at the big New York banks, QE2, "liquidity injections," "loan guarantees," "backstops," and other similar financial terms are simply deceptive ways of saying
"BAILOUTS" - FREE MONEY for connected bankers, who are now ADDICTED to their ability to BULLY, BRIBE, and EXTORT Congress and U.S. presidents.
All they - the Financial titans of America's economic enslavement - have to do is BANG THE DRUMS of "TOO BIG TO FAIL!" "crisis"... and like PAVLOV DOGS, Bush, Cheney, Obama, Pelosi, and members of Congress will COME RUNNING to OK a new round of $600- or $700-BILLION bailouts.
And what about the despicable Neo-Cons at the New York Times?
Their headlines promise
"Fed to Spend $600 Billion to Speed Up Recovery" and
"Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth"
but these are the
LITTLE WHITE LIES that the despicable Sulzberger NY Slimes has been selling all allong - from the original Hank Paulson $700 billion mega-bailout in September 2008, to all the billions dished out proping up Lehman Brothers, Bear Stearns, Fannie, Freddie, and the Fed before that, to the selling of the Gramm-Leach-Bliley and Commodity Futures 'Modernization' Act RADICAL financial DEREGULATION bills in the late 1990s... at every step of the way, the TREASONOUS New York Times IMPLIES that "JUST GIVING MONEY TO Wall Street and the mega BANKERS will RESTORE the economy to strength" if not greatness...
....yet EVERY DAMN TIME, GIVING money to FAILED, FRAUDULENT, BANKRUPT, corrupt, UNDESERVING bankers, is a ticket to CRUSH the economy and CONTRACT economic activity, for the simple reason that, armed with BILLIONS (upon trillions) of dollars of made-up-out-of-thin-air fiat dollars "bailouts" and "liquidity injections," the Biggest Bankers are EMPOWERED to go on a LOOT, PLUNDER, & PILLAGE BUY SPREE, buying up REAL assets in the economy at prices that have NOTHING TO DO with "FREE MARKET" values, and, upon commanding MONOPOLY cartel CONTROL of those assets, the Big Banks & financial operators are now in position to EXTORT __REAL__ money out of working families, out of the PRODUCTIVE portions of the economy.
Why, right next to today's "Most Popular Business" headline links, including the two headline-links we posted above for "
Fed will Spend $600 Billion in QE2" - is
THIS little headline:
- Cotton Clothing Price Tags to Rise -
because, as we just explained, EMPOWERED by TRILLIONS of looted, stolen, SWINDLED, taxpayer extorted "bailouts" dollars, the big New York banks are going on a
"corner commodities markets" MONOPOLISTIC SPENDING & BUY-OUT SPREE.
DEPRIVED of spendable income and "discretionary spending" by the need to pay
ARTIFICIALLY INFLATED prices for food, energy, insurance, medical care, and other necessities, families
CONTRACT THEIR SPENDING on less vital portions of the economy -
the "BAILOUTS" for BANKERS are a GUARANTEED ECONOMY KILLER, but there is NO force in American politics to hang the economy killing loan sharks, and stop them from their BAILOUTS, "liquidity injections," and "Quantitative earnings" serial, repeat larceny.
THE NEW YORK TIMES KNOWS ALL THIS, but like a DRUG PUSHER in a beaten down neighborhood, the Times is WALLOWING in its ability to WHITEWASH the INTENTIONAL ECONOMIC SABOTAGE DESTRUCTION of Aemrica, and EXTORT (via addiction) and EXTRACT wealth from America's misinformed and ignorant working families.
Paul Krugman is only the latest and most egregious example of the Times treachery. The so-called "Liberal" economist may have spent the entire 8 years of the Bush-Cheney administration warning that
Right-Wing DEFICIT SPENDING - tax cuts for rich in time of war - would WRECK the economy, but ever since the Democrats won the White House
(and continued control of Congress) in 2008, Krugman has been AWOL at exposing the DESTRUCTIVE tendencies of Right-Wing "tax cuts for rich" economics - now super-charged, on steroids, with the DIRECT EXTORTION of American taxpaying working families, being FORCED (via a bribed and intimidated Congress) to hand over TRILLIONS of dollars to the "Bailed Out" banking frauds.
Krugman CAN NOT BRING HIMSELF to say a BAD WORD against the BERNANKE, GEITHNER, SUMMERS, RUBIN, GENSLER, Colombia, Princeton, Harvard, Yale and New York wrecking crew.
Krugman is worse than merely a TURNCOAT Right-Wing accomplice - he has become a Naziesque Right-Wing SHILL, BLAMING CHINA for America's self-inflicted ECONOMIC SABOTAGE.
Rather than tabulate JUST HOW MANY BILLIONS his old Princeton University pal Ben Bernanke & Tim Geithner have GIVEN AWAY to the predatory, parasitic, INFLATIONARY, ECONOMY-KILLING Wall Street banking thieves ( The TOTAL BAILOUTS being in the $40 trillion - FORTY TRILLION DOLLARS range, Krugman's COMPLICITY in titanic BAILOUTS ACCOUNTING FRAUD, is FAR MORE EGREGIOUS than any Colombian economist trying to whtiewash cocaine money in Colombia's economy) Krugman is joining the WAR-LUSTING VOICES of the Neo-Con Right-Wing, in CHINA BASHING.
China is of course far from blameless in America's economic troubles, but blaming GODDDAMN-SACHS near-term PROFITEERING, from the SABOTAGE DESTRUCTION of AMERICAN INDUSTRY, on China, is simply Naziesque SCAPEGOATING.
And Krugman was, until 2 years ago, one of the good ones!
In sum, the Arthur Sulzberger New York Times is a TREASONOUS organizations - like their pals on Wall Street, they are virtually WALLOWING in their ability to feed the American public BULLSHIT... as their bankster buds CONTINUE to write themselves "BAILOUTS" checks in $600 billion chunks!
The more the international Banking Cartel(s) is/are EMPOWERED by EXTORTED American taxpayer dollars, THE MORE THEY CAN ARTIFICIALLY INFLATE the prices of consumer necessities... with MONOPOLISTIC LBO pricing.
This titanic power of ECONOMIC DESTRUCTION was quite bad enough when the Big Banks merely had access to the Feds NEAR ZERO INTEREST "money creation" FIAT MONEY powers... but, ON STEROIDS of the "TBTF" EXTORTION of Congress and taxpayers, the Big Banks have become insatiable "vampire squids" bent on the destruction of America's middle class, to use Matt Taibbi's colorful term.
Here's a little assignment for the
ECONOMY SABOTAGING TRAITORS at the New York Times:
If tabulating the
TOTAL bailouts to
FRAUDULENT, CRIMINAL, PREDATORY bankers is too much of a chore for Times writers and editors, why don't they look at
just ONE $600 billion chunk of PREVIOUS "bailouts" loot - Tim Geithner's New York Fed "LIQUIDITY INJECTION" of September 2008 - and examine how THAT little GIFT to Wall Street, "Sped up recovery" of America's 2009 economy?
Fed Pumps Further $630 Billion Into Financial System
By Scott Lanman and Craig Torres, Bloomberg Business News
September 29, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9MTZEgukPLY
(Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system [NEW YORK and LONDON banks] flooding [CARTEL MEMBER] banks with cash to alleviate the worst banking crisis since the Great Depression.... (cont'd)
Yes, America - in THE SAME WEEK that Bush Treasury Secretary - AND FORMER Goddamn-Sachs CHAIRMAN Hank Paulson was BEGGING/EXTORTING $730 BILLION in T.A.R.P. "BAILOUTS" from Nancy Pelosi and the 110th Congress, why, that very same week Ben Bernanke andTim Geithner were DISHING OUT ANOTHER $630 BILLION to the undeserving, failed, bankrupt, FRAUDULENT, CRIMINALLY run banks - the REAL "bailouts" were nearly DOUBLE the ADVERTISED $700 billion amount, in just ONE WEEK, ALONE!!!
During a committee meeting on Wednesday about television retransmission consent, Senator Jay Rockefeller (D-WV) veered away from his prepared remarks to take aim at both Fox News and MSNBC: