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.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
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 knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be dumb a lot of the time-- but they aren't foolish. And they certainly see all this unfolding and it produces a tremendous amount of concern about the nation's economic future, and their very own monetary future. That's why customers aren't spending money in the economy the experts believe they should with Obama in charge, and why businessmen aren't employing the out-of-work people the way the economic pundits believe they ought to be, and why participants of the Millennial generation aren't getting as many of the latest cell-phone apps the way economic forecasters thinks they should be. The wise ones see their future-- and it looks rather bleak.
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.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
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 knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be dumb a lot of the time-- but they aren't foolish. And they certainly see all this unfolding and it produces a tremendous amount of concern about the nation's economic future, and their very own monetary future. That's why customers aren't spending money in the economy the experts believe they should with Obama in charge, and why businessmen aren't employing the out-of-work people the way the economic pundits believe they ought to be, and why participants of the Millennial generation aren't getting as many of the latest cell-phone apps the way economic forecasters thinks they should be. The wise ones see their future-- and it looks rather bleak.
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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