Barack Obama And Janet Yellen Captain Economic Titan
It certainly looks like Janet Yellen, who has recently been chosen principal head of the U.S. Federal Reserves will continue with the Fed's remarkable financial stimulus until she she says that she sees a sturdy recovery. On the other hand, President Obama went back just a bit on his socialization of American medication, unilaterally making a decision not to oblige insurers to cancel millions of customized health care policies after all-- at least up until the following 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 can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await 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 can be fooled-- but they can't be fooled all the time. They now see how all of this is unfolding. And it makes them doubt the country's economic future, as well as their own financial future. That's why customers aren't spending the way the pundits think they should, and why company owner aren't hiring the way they should, and why the Millennial generation aren't purchasing as many cell-phone apps the way they should. The clever ones see their future-- and it does not look good.
Still, despite it all, there are still things that common, everyday Americans can do to brace themselves for the next monetary calamity, one that political leaders are just biding their time in the hopes of missing. They can transfer their personal finances to real money, God's Cash: gold and silver instruments that have stood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual tests await this generation of Americans.
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Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
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