TO COVER LOSES FROM THEIR OUT OF CONTROL LOOTING OF THE AMERICAN
PEOPLE
Fed chair lays out long-term scenario of economic stagnation
In fact, these policies have already produced financial and
asset bubbles that are unsustainable, and there are increasing
signs of financial instability and crisis. There are growing
warnings that the spread of negative interest rates is leading
to a new financial meltdown even worse than the disaster
that struck eight years ago.
AMERICA'S ROAD TO REVOLUTION
…..will pass right through Hillary
Clinton’s Mansion door!
“Our entire crony
capitalist system, Democrat and Republican alike, has become a kleptocracy
approaching par with third-world hell-holes. This is the way a great
country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com
OBAMA-CLINTONOMICS: WELFARE FOR WALL STREET
OBAMA-CLINTON CRONY CAPITALISM - How well has it worked for you???
"Banks and corporations are hoarding their vast profits and
using a portion of them to increase the holdings of executives
and big investors through stock buybacks, dividend increases
and mergers and acquisitions—all entirely non-productive
and socially destructive activities that generally involve job
losses rather than gains."
No end to bank subsidies for financial
markets
BARACK OBAMA SERVES HIS PAYMASTERS ON WALL STREET
Fed chair lays out long-term scenario of economic stagnation
By Barry Grey
27 August 2016
In a much-anticipated speech Friday to the annual meeting of central bankers held by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, Fed Chairwoman Janet Yellen indicated that the US central bank was preparing to raise interest rates at least once this year.
Virtually all attention and commentary on the conference was focused on its implications for the short-term movement of the benchmark US federal funds rate. This reflects the fixation of the financial elite on the near-term implications of Fed policy for its own speculative bets and stock and bond holdings.
Yellen’s remarks, which kicked off the two-day conference, together with similarly “hawkish” statements by other Fed officials attending the meeting, had a generally negative impact on the stock indexes. The Dow Jones Industrial Average, which was up by more than 100 points in early trading, ended the day down 53.
AND NO INTERESTS LOANS FOR
OBAMA'S CRONY BANKSTERS!
There was little comment on the more
fundamental significance of Yellen’s speech,
which all but acknowledged that low levels of
economic growth and extreme financial
instability were permanent features of the US
and world capitalist economy, requiring the
Fed and other central banks to continue
indefinitely their policies of ultra-low interest
rates and massive subsidies for the financial
markets in the form of bond purchases (so-
called quantitative easing).
fundamental significance of Yellen’s speech,
which all but acknowledged that low levels of
economic growth and extreme financial
instability were permanent features of the US
and world capitalist economy, requiring the
Fed and other central banks to continue
indefinitely their policies of ultra-low interest
rates and massive subsidies for the financial
markets in the form of bond purchases (so-
called quantitative easing).
Citing “solid growth in household spending” and “job gains [averaging] 190,000 per month over the past three months,” Yellen said: “Based on this economic outlook, the [Fed] continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives. Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.”
In an interview with CNBC following Yellen’s speech, Fed Vice Chairman Stanley Fischer said her remarks were consistent with a possible rate hike at the next meeting of the Fed’s policy-setting Federal Open Market Committee in September.
More significant were Yellen’s statements about the likelihood of extremely low interest rates for the indefinite future as well as the incorporation of quantitative easing into the permanent “tool kit” of the US central bank. She noted, “Forecasts now show the federal funds rate settling at about 3 percent in the longer run. In contrast, the federal funds rate averaged more than 7 percent between 1965 and 2000.”
She related this to “the marked decline over the past decade, both here and abroad, in the long-run neutral real rate of interest--that is, the inflation-adjusted short-term interest rate consistent with keeping output at its potential on average over time.” She attributed this, in part, to “a paucity of attractive capital projects worldwide.”
This long-term decline in the so-called neutral interest rate, defined as that rate which neither boosts nor slows the economy, is an expression of a systemic crisis, rather than a mere conjunctural downturn, in the American and world capitalist economy. The fact that interest rates have been driven so low—to the point where one-fourth of world output is from countries with negative interest rates—shows that the crisis that erupted in September 2008 with the collapse of Lehman Brothers marked a historic breakdown in the system. It refutes all claims that trillions in bank bailouts and subsidies to the financial markets via super-low interest rates and trillions more dollars in virtually free credit have effected a genuine recovery.
These policies have had the intended result of rescuing the global financial aristocracy and adding to its wealth by massively inflating stock and bond prices. They have also made possible a ruthless assault on the jobs, wages and living standards of the working class and a further redistribution of wealth from the bottom to the very top of the economic ladder.
But they have completely failed to engineer a revival of productive business investment, the original justification given for their implementation. They have done the opposite, encouraging a growth of financial parasitism and speculation even beyond the manic levels that led to the 2008 crash in the first place. Business investment in North America and Europe has failed to return to its pre-2008 levels.
Banks and corporations are hoarding their vast
profits and using a portion of them to increase the
holdings of executives and big investors through
stock buybacks, dividend increases and mergers and
acquisitions—all entirely non-productive and
socially destructive activities that generally involve
job losses rather than gains.
profits and using a portion of them to increase the
holdings of executives and big investors through
stock buybacks, dividend increases and mergers and
acquisitions—all entirely non-productive and
socially destructive activities that generally involve
job losses rather than gains.
In her remarks, Yellen alluded in passing to the decline in business investment, noting that despite improvements in the job market and consumer spending, this essential barometer of economic health remained “soft.” The other crucial measure of economic strength, labor productivity, is also in decline, having dropped in the US for three straight quarters, the first time that has occurred since 1979. The sharp slowing of labor productivity is bound up with the depression in business investment, an essential catalyst for increasing the rate of output.
The seriousness of the underlying crisis was reflected in Yellen’s further comments on the neutral interest rate. “By some calculations,” she said, “the real neutral rate is currently close to zero, and it could remain at this low level if we were to continue to see slow productivity growth and high global saving. If so, then the average level of the nominal federal funds rate down the road might turn out to be only 2 percent.”
While conceding that a continuation of ultra-low interest rates and massive subsidies to the financial system “might inadvertently encourage excessive risk-taking and so undermine financial stability,” the Fed chair concluded, “Despite these caveats, I expect that forward guidance and asset purchases will remain important components of the Fed’s policy tool kit.”
In fact, these policies have already produced financial and
asset bubbles that are unsustainable, and there are increasing
signs of financial instability and crisis. There are growing
warnings that the spread of negative interest rates is leading
to a new financial meltdown even worse than the disaster
that struck eight years ago.
asset bubbles that are unsustainable, and there are increasing
signs of financial instability and crisis. There are growing
warnings that the spread of negative interest rates is leading
to a new financial meltdown even worse than the disaster
that struck eight years ago.
Fed Vice Chairman Stanley was more blunt in a speech he gave on August 21 to a conference of the Aspen Institute in Colorado. He noted that the “decline in estimates of the neutral interest rate” was “related to the fear that we are facing a prolonged period of secular stagnation.” The latter term denotes a state of indefinite economic stagnation and slump, in which low interest rates are ineffective in boosting growth.
Noting that real growth in the US gross domestic product over the past year is estimated at only 1.0 percent to 1.25 percent, he focused on the role of what he called “exceptionally low productivity growth.”
He pointed out that “output per hour increased only 1.0 to 1.25 percent per year on average from 2006 to 2015, compared with its long-run average of 2.0 to 2.5 percent from 1949 to 2005.” He called a 1.0 to 1.25 percent point slowdown in productivity growth a “massive change.”
HILLARY CLINTON: Closet Republican
and Openly a LA RAZA SUPREMACIST agent for Mexico!
"The same period has seen a massive growth of social
inequality, with income and wealth concentrated at the very top of American
society to an extent not seen since the 1920s."
"He
(Trump) is able to get a hearing because millions of people are being
driven into economic insecurity and poverty while the rich and
the super-rich continue to amass obscene levels
of wealth. He is able with some success to divert mass discontent
along reactionary nationalist and racialist channels precisely because what passes for the
“left” in American politics, anchor by the Democratic
Party, has moved ever further to the right, culminating in the
Obama administration which has presided over endless war and
an unprecedented redistribution of wealth from the bottom to the
top of the economic ladder."
HILLARY’S PROMISE TO ILLEGALS: Amnesty,
legalization of Mexico’s looting, millions more American jobs and billions more
in welfare…. Just to keep wages DEPRESSED.
A Hillary victory means there won’t be a departure; merely a
doubling-down by the elite, as they act with renewed zest to secure their
interests -- versus the national welfare. The Great Imposition -- a war waged
on average Americans -- will continue with awful consequences. J. ROBERT SMITH - THE
AMERICAN THINKER.COM
“Forget the arrogance and
corruption -- $153 million in Clinton family speaking fees from 2001, mainly
bribes during her State Department years. Forget the lies, the lies about lies,
and the perjury. Forget the security breaches. Forget enabling America’s most
prominent sexual predator. Forget the trail of bodies stretching from Little
Rock to Benghazi. Forget every scandal from Whitewater to deleted e-mails.
Forget all of it.”
THE TAWDRY
LIVES OF HILLARY & BILLARY: AMERICAN PREDATORS!
The
Clintons have been a criminal enterprise since they came to power in
Arkansas. The list of scandals they have generated is long and
tawdry. Their principal goal then and now has always been to enrich
themselves. They never once had a moral compunction about lying,
cheating, selling, and stealing their way to wealth. They are the Perons
of America. They eventually set up a "foundation" and the
money kept rolling in.
Only ten
percent of the billions of dollars the "Foundation" takes in goes to
charity. The rest subsidizes the lavish lifestyles of the Clintons
and their sycophants; those people who have sold their souls to rub shoulders
with unadulterated power.
DANCING WITH DICTATORS....
BOTH THE CLINTONS ARE EXPERT DANCERS!
Hillary’s Russian connection
“Facilitating strategic technology
transfer in return for money is an old Clinton game. The Chinese bought
their way to access of considerable space technology when Bill Clinton was
president. Remember Charlie Trie, Loral, and the rest of the crew?”
OBAMA-CLINTONOMICS:
You were wondering how many jobs went to illegals and how well Obama’s crony
banksters have done???
The sputtering economic recovering under President Obama, the last
to follow a major recession, has fallen way short of the average recovery and
ranks as the worst since the 1930s Great Depression, according to a new report.
Had the recovery under Obama been the average of the 11 since the
Depression, according to the report, family incomes would be $17,000 higher,
six million fewer Americans would be in poverty, and there would be six million
more jobs.
THE OBAMA-CLINTON ECONOMIC MELTDOWN ----- HOME OWNERSHIP – ECONOMIC MELTDOWN
THE OBAMA DOCTRINE: ABET CRONY BANKSTERS SO THEY
CAN FINISH OFF THE AMERICAN MIDDLE CLASS. KEEP BORDERS WIDE OPEN TO EASE
MILLIONS OF MEX FLAG WAVERS INTO OUR JOBS, WELFARE OFFICES AND VOTING BOOTHS,
AND EXPAND THE MEXICAN DRUG CARTELS’ MARKETS IN AMERICA’S OPEN BORDERS TO KILL
OFF AMERICA’S WHITE POPULATION TO BUILD A MUSLIM-STYLE DICTATORSHIP FOR ONE
BARACK OBAMA, THE “Hope & Change” HUCKSTER FROM CHICAGO.
"The decline in homeownership
is one sign of the deep social crisis in the United States. As rents
and housing costs have soared, spurred on by financial speculation that
has enriched the ruling elites, incomes and jobs for most Americans
have shriveled."
DRUG ADDICTED AMERICA - AND THE MEXICAN DRUG CARTELS IN AMERICA'S OPEN BORDERS
OBAMA-CLINTONOMICS
TO SERVE THE SUPER RICH: The slow and painful death of America
"These figures present a scathing
indictment of the social order that prevails in America, the world’s wealthiest
country, whose government proclaims itself to be the globe’s leading democracy.
They are just one manifestation of the human toll taken by the vast and
all-pervasive inequality and mass poverty that dominates American
society."
THE OBAMA SOLUTION TO
WHITE CHRISTIAN AMERICA:
OPEN BORDERS AND
AMNESTY
MEXICO: AMERICA’S DRUG
DEALER!
The
same period has seen a massive growth of social inequality, with income and
wealth concentrated at the very top of American society to an extent not seen
since the 1920s.
This study follows reports released over the past several months
documenting rising mortality rates among US workers due to drug addiction and
suicide, high rates of infant mortality, an overall leveling off of life
expectancy, and a growing gap between the life expectancy of the bottom rung of
income earners compared to those at the top.
THE MEXICAN
DRUG CARTELS HAVE GREATLY BENEFITED FROM BARACK OBAMA’S SABOTAGE OF HOMELAND
SECURITY.
THE CLINTON “JOBS” PLAN ENDORSED BY NARCOMEX
– IT’S CALLED
AMNESTY!
Clinton, in the guise of a “jobs” and “infrastructure” program,
promoted yet another scheme to hand out tax cuts and other incentives for
companies to hire workers at poverty-level wages, with the trade unions brought
in to keep the workers in line in return for a cut in the spoils.
30 REASONS FOR 30 YEARS IN PRISON FOR HILLARY!
THE UGLY, SORDID, CORRUPT AND SLEAZY LIFE OF BILLARY AND HILLARY
CLINTON:Thirty
reasons not to vote for Hillary
She would make a terrible president and Bill an equally terrible
“First Gentleman” for these thirty reasons.
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