The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People

House Of Cards - Photo by ArealastDid you know that U.S. banks have more than 1.8 trillion dollars parked at the Federal Reserve and that the Fed is actually paying them not to lend that money to us?  We were always told that the goal of quantitative easing was to "help the economy", but the truth is that the vast majority of the money that the Fed has created through quantitative easing has not even gotten into the system.  Instead, most of it is sitting at the Fed slowly earning interest for the bankers.  Back in October 2008, just as the last financial crisis was starting, Federal Reserve Chairman Ben Bernanke announced that the Federal Reserve would start paying interest on the reserves that banks keep at the Fed.  This caused an absolute explosion in the size of these reserves.  Back in 2008, U.S. banks had less than 2 billion dollars of excess reserves parked at the Fed.  Today, they have more than 1.8 trillion.  In less than five years, the pile of excess reserves has gotten nearly 1,000 times larger.  This is utter insanity, and it will have very serious consequences down the road. (Read More....)

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36 Hard Questions About The U.S. Economy That The Mainstream Media Should Be Asking

Thinking QuestionsIf the economy is improving, then why aren't things getting better for most average Americans?  They tell us that the unemployment rate is going down, but the percentage of Americans that are actually working is exactly the same it was three years ago.  They tell us that American families are in better financial shape now, but real disposable income is falling rapidly.  They tell us that inflation is low, but every time we go shopping at the grocery store the prices just seem to keep going up.  They tell us that the economic crisis is over, and yet poverty and government dependence continue to explode to unprecedented heights.  There seems to be a disconnect between what the government and the media are telling us and what is actually true.  With each passing day the debt of the federal government grows larger, the financial world become even more unstable and more American families fall out of the middle class.  The same long-term economic trends that have been eating away at our economy like cancer for decades continue to ruthlessly attack the foundations of our economic system.  We are rapidly speeding toward an economic cataclysm, and yet the government and most of the media make it sound like happy days are here again.  The American people deserve better than this.  The American people deserve the truth.  The following are 36 hard questions about the U.S. economy that the mainstream media should be asking... (Read More....)

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Member Of Congress: Edward Snowden’s Revelations Are “Just The Tip Of The Iceberg”

Iceberg - Photo by Gerald TappAccording to U.S. Representative Loretta Sanchez, members of Congress learned "significantly more than what is out in the media today" during a closed briefing about the NSA on Tuesday, and that what has been revealed so far about NSA snooping is "just the tip of the iceberg".  During her interview with C-SPAN on Wednesday, she also stated that NSA spying is "just broader than most people even realize" but due to security restrictions she could not reveal more than that.  So precisely what are the American people not being told?  And do our leaders ever plan to tell us the truth?  Many of our politicians have come down extremely hard on whistleblower Edward Snowden, but if it wasn't for him most Americans would have no idea what the NSA has been up to.  Is the Obama administration going to come clean on this, or do we have to wait for even more whistleblowers to come forward?  The American people deserve to know that they are being spied on, and it appears that those in charge of doing this spying have been flat out lying to Congress about it. (Read More....)

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22 Nauseating Quotes From Hypocritical Establishment Politicians About The NSA Spying Scandal

Establishment PoliticiansEstablishment politicians from both major political parties are rushing to defend the NSA and condemn whistleblower Edward Snowden.  They are attempting to portray Edward Snowden as a "traitor" and the spooks over at the NSA that are snooping on all of us as "heroes".  In fact, many of the exact same politicians that once railed against government spying during the Bush years are now staunchly defending it now that Obama is in the White House.  But it isn't just Democrats that are acting shamefully.  Large numbers of Republican politicians that love to give speeches about "freedom" and "liberty" are attempting to eviscerate the Fourth Amendment to the U.S. Constitution.  The government is not supposed to invade our privacy and investigate us unless there is probable cause to do so.  Apparently many of our politicians misunderstood when they read the novel 1984 by George Orwell.  It wasn't supposed to be an instruction manual.  We should be thanking Edward Snowden for exposing the deep corruption that is eating away at our own government like cancer.  Now the American people need to pick up the ball and start demanding answers, because without a doubt we are going to see establishment politicians from both major political parties try to shut this scandal down.  Establishment Democrats and establishment Republicans both love the Big Brother surveillance grid that the U.S. government has constructed, and they are both making it abundantly clear that they will defend the NSA to the very end.  The following are 22 nauseating quotes from hypocritical establishment politicians that show exactly how they feel about the NSA spying scandal... (Read More....)

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10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American WorkerThe middle class American worker is in danger of becoming an endangered species.  The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States.  In the old days, when the big corporations that dominate our society did well, that also meant good things for American workers since those corporations would need more of us to work for them.  But in the emerging one world economic system that our economy is being merged into, those corporations have other choices now.  For instance, the big corporations can now choose to limit the number of "expensive" American workers that they employ by shipping millions of jobs to the other side of the world.  And from their perspective, it makes perfect sense.  They can make much bigger profits by hiring people on the other side of the planet to work for them for less than a dollar an hour.  If they can get good production out of those people, then why should they hire Americans for ten to twenty times as much, plus have to give those Americans health insurance and other benefits?  Another major factor in the slow, agonizing death of the American worker is technology.  We live during a period when technology is advancing at a pace that is almost unimaginable at the same time that it is steadily becoming cheaper and cheaper.  That means that it is going to become easier and easier for companies to replace workers with robots and computers.  As I have written about previously, it is being projected that our economy will lose millions of jobs to technology in the coming years.  Yes, some of us will still be needed to help build the robots and the computers, but not all of us will.  And of course the overall general weakness of the economy is not helping matters either.  The American people inherited the greatest economic machine in the history of the world, and we have wrecked it.  Decades of very foolish decisions have resulted in the period of steady economic decline that we are experiencing now. (Read More....)

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The Federal Reserve Shows Barack Obama Who The Real Boss Is

The Federal Reserve Shows Barack Obama Who The Real Boss IsBarack Obama has greatly expanded the powers of the presidency during his time in the White House, but there is one institution that he simply will not mess with.  There is one organization that is considered to be so sacred in Washington D.C. that Obama will not dare utter a single negative word against it.  That organization is the Federal Reserve.  Even though he has shown that he is unafraid to pick a fight with just about everyone else in Washington, Obama flat out refuses to criticize the Fed and he even reappointed Ben Bernanke for another term as Fed Chairman even though Bernanke has a track record of failure that would make the Chicago Cubs look good.  Perhaps Obama is aware of what has happened to other presidents that have chosen to tangle with the Fed.  In any event, it has become clear that Obama submits to anything that the Fed says without question, and the controversy over the "trillion dollar coin" is another perfect example of this.  For weeks, there has been much speculation in the mainstream media about the possibility that the Obama administration may print up a one trillion dollar coin that it would use to keep paying the bills of the federal government if an agreement to raise the debt ceiling is not reached.  But on Saturday the Federal Reserve killed that idea, and we shouldn't be surprised by that because under no circumstances will the Fed ever accept a threat to their monopoly over money creation in the United States.  If the Federal Reserve had allowed Obama to print up a debt-free trillion dollar coin, that would have set a very dangerous precedent for the Fed.  The American people would have realized that the federal government can actually create debt-free money whenever it wants and that it does not actually have to borrow money from anyone.  That is something that the Fed probably would have moved heaven and earth to keep from happening.  But now we won't ever know how far the Fed would really be willing to go to keep their monopoly over money creation, because Obama has no plans to challenge this latest ruling from "the real boss" of our financial system. (Read More....)

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The Politicians We Have Chosen Reflect Who We Are As A Nation

The American people have spoken.  It is estimated that approximately 6 billion dollars was spent on political campaigns in 2012, and we ended up exactly in the same place that we were before.  Barack Obama is still in the White House, the Democrats still have solid control of the U.S. Senate and the Republicans still have solid control of the U.S. House of Representatives. Clearly, the American people want more of the same, and that is really bad news.  The path that we have been on will only lead to unprecedented disaster, and now it is abundantly clear that there are not going to be any solutions to our problems on the national level.  Not that things would be that much different if we reversed things and gave Republicans control of the White House and the Senate and we gave Democrats control of the U.S. House of Representatives.  Over the past several decades, nothing has really seemed to get any better no matter what faces we have sent to Washington.  But this time there is really a feeling of "finality" to things.  The American people have made their choices, and those choices are going to have consequences.  There is no turning back now.  The politicians that we have chosen reflect who we are as a nation.  It is not just our leaders that have turned their backs on the U.S. Constitution and on the principles that this country was founded upon - the truth is that the majority of the American people have rejected them.  We have willingly chosen our destiny, and there are no more excuses. (Read More....)

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More Than Half Of All Americans Are At Least Partially Dependent On The Government

A very large segment of the population has figured out that it can use voting as a tool to get more money and benefits from the government, and that is a very dangerous thing.  Once upon a time, the free market was the one that distributed nearly all the wealth in our system.  But now the federal government has become a giant deluded "Santa Claus" that distributes goodies to the American people far beyond its actual capacity to do so.  In fact, we are borrowing trillions of dollars that we do not have so that our politicians can continue to buy votes with handouts.  Look, we will always need a safety net.  We don't want anyone in America starving to death or sleeping in the street.  However, our current system has gotten completely and totally out of control.  Today, there are nearly 80 different "means-tested welfare programs" operated by the federal government.  As I have written about previously, more than 100 million Americans are enrolled in those programs.  Sadly, that does not even count Social Security and Medicare.  Tens of millions of Americans are enrolled in each of those programs as well.  And when you add in more than 22 million government workers, you get one giant pile of people that are getting money or benefits from the government.  In fact, at this point more than half of all Americans are at least partially dependent on the government. (Read More....)

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