Tuesday, November 11, 2014

Six years of Federal Reserve intervention and Bail outs

Starting in February 2009 with the American Recovery and Reinvestment Act ($831 Billion), also called the Stimulus Package, then the FED's Quantitative Easing...  The American economy has been artificially supplemented by infusions of capital that actually does not exist.
So, in spite of the semblance of prosperity in the Stock Market's highs, or the latest jobs and unemployment claims reports, it's inaccurate to say that the economy has finally overcome the Great Recession.

The Federal Reserve's monthly 'contribution' of an average of $80 Billion (multiplied by 72 months), has sustained the Obama administration's tenure.  In fact any honest assessment of the period of time that has lapsed since President 'W' Bush, called for the $700 Billion TARP Bailout (or, there would be riots in the streets), will have to admit that the government's finances and the economy have been on life-support, on an artificial money IV.
Therefore, as quiet as it's kept...
President Obama has been kept afloat artificially by the Fed.  Yes, the current administration has been assisted by the private consortium of banks known as the Federal Reserve (not a branch of federal government, and its reserve of cash is questionable).  When was the last time that the FED was audited?

Since Janet Yellen announced that the FED would abandon Quantitative Easing...    What happens now?
Let's sit back and watch.



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