According to the Census Bureau, 15% of the US population descended into poverty in 2011. That amounts to 46 million Americans at or below the poverty threshold with an average household income of $23,200.00 annually for a family of four.
Socialist programs like social security benefits assured that 21 million people were kept out of poverty. At the same time, unemployment benefits floated 2.3 million people from being totally destitute. Food Stamps have increased to help 3.9 million people.
The fact of low-paying jobs and the unemployed are causing our American economy to continue to flounder. This is a direct causation to the destruction of the middle class in America.
Retirement and investments are the last thing on American’s minds when they are trying to make current ends meet on $4000 per month.
As the majority of Americans become impoverished, the wealthiest 1% have seen their net worth skyrocket above 288 times the average median household.
The crux of Americans is living on savings, trying to stay afloat while their stream of income rapidly dwindles. This trend will come bearing down on US citizens as hope for the future becomes a financial unreality. These days of eliminating unnecessary expenditures are proving to be impossible as Americans can no longer cut out any more money from their daily standard of living.
A result of the planned implosion of 2008 has taken the homes of most Americans, yet they either built tent-cities to live in or moved in with relatives who had not been foreclosed on. When the economy removed more than half of the employment in America, those who lost their jobs simply stood in welfare and food stamp lines for a hand-out. At what point will the American public stand up against this banking cartel-controlled destruction of our Constitutional Republic?
Ben Bernanke, chairman of the privately-owned central bank called the Federal Reserve was expected to announce their technocratic answer to the manufactured destruction of our American economy and US dollar.
Bernanke stated that the Fed would purchase $1 trillion in mortgage-backed securities over a 2 year period, thereby combining feudalism with monetary implosion. Without determining the exact time frame of this “policy stimulus”, the Fed will have over-reaching control as never before.
The technocrats, an arm of the global Elite, have Wall Street and Capitol Hill waited with baited breath, wondering how US stocks, investors and the value of our monetary system will be dealt with. The Fed will release projections concerning the economy including import and export. There is the threat of the Fed printing more money misleadingly called quantitative easing which encompasses US Treasury bond purchases, mortgage-backed securities and debt issued by government-backed agencies such as Fannie Mae.
In April, Bernanke announced that in the event of another stock market crash, the Fed would take over using monetary policy as an excuse to usurp more power over the financial future of the American public.
The Fed’s policymaking committee has stated that they will buy an estimated $40 billion of mortgage-backed securitized debt that was created by the mega-banks within America at the directive of the central banking cartels. The statement reads: “If the outlook for the labor market does not improve substantially, the committee will continue its purchase of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.”
The US dollars’ worth continues to fall while US stocks gain ground and gold soars.
The inception of QE3 is the next step in the implosion of the US dollar by the banking cartels.
Citigroup released a study last June that claimed when governments force banks to purchase government debt, this act will only worsen the financial crisis.
Hans Larenzen, Citigroup strategist asserts: “Captive bank demand can buy time and can help keep domestic yields low. However, the distortions that build up over time can sow the seeds of an even bigger crisis, if the time bought isn’t used very prudently. Specifically, having banks loaded up with domestic sovereign debt will only increase the domestic fallout if the sovereign ultimately reneges on its obligations.”
As the recent audit of the New York Federal Reserve Bank showed “we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”
Before the audit took place, Bernanke came out and threatened the American public for pursuing the inquiry by attempting to deter Congress with assertions that the dealings of the Fed are private matters. Bernanke told Capitol Hill that their political meddling would produce a “nightmare scenario”.
The globalist puppet Obama jumped onboard to say that he believed the legislation was a “really, really bad idea.”
Senator Ron Paul, who introduced the Federal Reserve Transparency Act of 2012, refused to be shaken from his path.
In 2008, the technocrats gave $700 billion in taxpayer money to the Central Bank of China, as well as other central banks across the globe to pay off their mortgage-backed securitized frauds.
While Bernanke’s threat of QE3 confounds the masses, as of August 9th banks have been given the legal standing to co-mingle customer secured funds with their own to pay off debts when under duress, have declared bankruptcy or insolvent. The Federal Deposit Insurance Corporation (FDIC) are no longer insuring customers against fraudulent stealing of their monies out of private checking accounts, savings accounts, IRAs, CDs, and all other accounts held by customers.
When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount. When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.
Since 2010, the Federal Reserve has collected all mega-bank’s contingency plans for financial collapse in the US; along with investments from those banks into private mercenary security firms such as DynCorp and Blackwater.
Once the US dollar is brought to its knees, after being unseated as the global reserve currency, the International Monetary Fund (IMF), World Bank and UN will step in to introduce the one world currency. According to a report issued by the UN Conference on Trade and Development (UNCTAD), the reset button on the global fiat debacle is the issuance of a global currency issued by the IMF and controlled by the UN. As the Fed grossly distorts the global economy as well as the US dollar with QE3, the government bonds purchased become worth less and less. This feeds directly into their plan to inflate fiat currencies into oblivion.