National Deficit
Youtube strikes again!
Here is an example from the confused white journalist demographic. Well not really. He is a professional ranter but his point about politicians and money certainly rings true.
Two Rotten Financial Apples
There are two things wrong with the economic structure in the United States. The two major organizations have the mandate to ‘adjust’ factors which effect the US economy in the effort to maintain stability, prosperity and growth of the US economy.
The first is the Federal Reserve Board. A previous post details the ‘quantitative easing’ strategy. This has been a complete failure. As the previous post suggests, it seems that almost everything that the FED does is ineffectual at best and more likely disastrous. I have no idea how much money Goldman Sachs makes selling Treasury bills to the FED, but how can this continue? Is the purpose of the FED to enrich those at Goldman Sachs, I hope not. Then FIX it.
The second is the Treasury Department of the Federal Government. Currently the banks are allowed to ‘borrow’ money from the Treasury at almost 0% if not 0%. The banks are not restricted from using these funds to buy US Treasury bills which yield much higher than 0%. Guaranteed money for the banks. Now the point of making these funds available to the banks is to ensure liquidity and to assist in the commercial flow of funds by making loans available to business etc. Is Congress really this stupid? Bankers are not famous for their largesse or charity. Why would they take a risk when they can guarantee a profit? My only answer is by charging a very high interest rate and loaning only to businesses which are overly secure. Are those two actions why the Treasury makes the funds available? I hope not. Then FIX it.
Quantitative Easing II
A major policy of the U.S. Federal Reserve is Quantitative Easing. Already dedicated and spent is $2,000,000,000,000. That’s right trillion. Ben says let’s belly up to the bar for another $600,000,000,000.
Finally an explanation of The U.S. Federal Reserve which is understandable. Click the UTube link below. Thank you Garnet.
Perhaps we should buy some more Goldman Sachs stock. No, all the profit has already been taken by the insiders as usual.
Hillary Has The Solution
Heard today on the radio that Hillary has the solution. She was assuring us that the money we will provide to Haiti will reach the victims of the earthquate. Understand that her comment came almost without context. She said that they had the means to track down all of the funds and where they went and she was assuring us that the money would only go where it was needed.
What is this magic system? Hillary please apply it to our federal budget.
With all the waste and fraud revealed and remedied in the federal budget, our deficit will disappear in a puff of smoke and Obama will once again be THE ONE…
Trillions with a T
Orders of magnitude need to be considered. The clunker program is 1, and now an additional 2, to make 3 billion. That’s billion with a b. The deficit, the national debt ceiling, health care cost, cap and trade cost are all measured in trillions with a t. I do not know when millions with an m became so insignificant, it seems I napped right through billions with a b and now only trillions with a t are relevant. It must be the new math.
Geitner has requested that Congress raise the ceiling on the National Debt. Can Congress ever say no to this rock star administration?
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