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Date Created: 12/21/15
End The Evil! End The Federal Reserve! by BobAllen August 9, 2014 Why must we end the Fed? Mark Horne nails the evil Federal Reserve System with this conclusion: When preparing for the future becomes too difficult to accomplish, people tend to push it out of their minds. They are not failing to save for the future because they don’t think about it. They are failing to think about the future because their government has made it to difficult to save for the future. The elite have enriched themselves through immoral economic policies, and force anyone trying to save for the future to jump into the shark- infested pool called Wall Street, where the same entities that feast on “free money” from the Fed, take healthy bites out of our hard-earned savings. So, you either get essentially no return on your bank savings (with the added risk that the idiots running the place will drive it into the ground, and a “bail-in” will seize much of your cash—see Cyprus), or you invest on Wall Street and get savaged in the games the big banks and investment houses play to manipulate markets with taxpayer money. It’s a true, “damned if you do, and damned if you don’t” conundrum.And don’t miss this monumentally important point: …inflation is constantly robbing the saved dollars of their values. There was a time (the late eighteen- hundreds) when even saving at no interest still had value because the buying power of the saved money kept rising. Did you know there was a time when your savings actually grew in purchasing power, even without earning interest? Yes, a dollar saved today was worth more tomorrow—meaning if you put money away for retirement, it would buy a lot more in the future than it did when it was saved. Can you even imagine such an economic system? THAT is a moral system, and it is what madeAmerica the wonder of the world, without needing a war to destroy the competition, and profit from rebuilding. The reason the elite have done these things is simply the principle of self-interest. It is beneficial to them, so they do it. The People have allowed it, through their own desire for being able to ignore “politics” and to pursue other interests–their own concepts of what is important to them. Unfortunately, in a sin-plagued world, you cannot take your eye off of those in power–you must “bind them down with the chains of the Constitution” (Thomas Jefferson) and then make sure they remain in chains. If you do not, and/or you allow them to buy off your participation with trinkets purchased with other people’s money, you will soon find yourself with less freedom, less money, and less happiness. In other words, pretty much where we are today. When you hear cronies at the Fed talk about an “inflation target” they mean the rate at which they are planning to steal your savings for the benefit of gambling bankers and their political patrons. End the evil. End the Fed. Dollar SlipsAfter Geopolitical Tensions Spur Profit-Taking by SAM FORGIONE | REUTERS |AUGUST 8, 2014 The U.S. dollar hit a one-week low against a basket of major currencies on Friday after escalating geopolitical tensions led traders to take profits on the greenback after its recent strength. The United States launched its first air strike against Iraq since American troops withdrew from the country in 2011. Fighting has also resumed in Gaza between Palestinian militants and Israel, while the conflict between Russia and Ukraine remained on investors' radar. The concerns drove traders to book profits on bullish positions in the dollar, while the euro gained after traders took profits on short bets against the shared currency, analysts said. The profit-taking came after the U.S. dollar index, which measures the greenback against a basket of six major currencies, notched its biggest monthly gain in nearly 1-1/2 years in July. "Geopolitical issues in different parts of the world are going much further than anyone expected," said Steven Englander, global head of G10 foreign exchange strategy at CitiFX in New York. The dollar index was still on track to notch its fourth straight weekly gain, however, in the wake of some stronger-than-expected U.S. economic data this week. President Obama authorized air strikes on Iraq after tens of thousands of Christians fled Islamic State fighters who have crucified and beheaded captives. exercises it was conducting near the border with Ukraine.ense ministry said Friday it had finished military The U.S. dollar index .DXY was last down 0.16 percent at 81.395, up modestly from a one-week low of 81.261 touched earlier in the session. The euro EUR= was last up 0.36 percent against the dollar at $1.3408. The dollar was last down just 0.03 percent against the yen JPY= at 102.06 yen after hitting a more than two-week low of 101.49 yen. The dollar was last down 0.4 percent against the Swiss franc CHF= at 0.9053 franc. The benchmark 10-year U.S. Treasury note US10YT=RR was last up 1/32 in price to yield 2.42 percent after hitting 2.35 percent, its lowest in 14 months. Analysts said the dollar's losses would likely prove brief. "These events cause risk aversion initially, but within a day or so, the market has moved on," said Richard Franulovich, senior currency strategist at Westpac Banking Corp. in New York, in reference to the events fuelling the day's geopolitical worries. of consumer spending on gross domestic product growth. Economists polled by Reuters expect a 0.3rtance percent gain, up from a 0.2 percent rise in June. INFOW ARS.COM BECAUSE THERE'SAWAR ON FOR YOUR MIND
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