Business

Does This Latest Decision by the Fed Foreshadow Future Plans for the Economy?

The Federal Reserve signaled Wednesday that a full economic recovery could take “nearly three more years,” and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future.

The central bank said it would probably not increase its benchmark interest rate until late 2014 at the earliest – a year and a half later than it had previously said.

Some economists said the new late-2014 target might foreshadow further Fed action to try to “invigorate the economy.”

Julie Coronado, an economist at BNP Paribas, said she thought the Fed was indicating that it will step up its purchases of bonds and other assets if economic growth fails to accelerate — even if it doesn’t slow.

That is a “very low bar indeed,” she wrote in a note to clients.

Other analysts fear that the Fed’s longer-term timetable for a rate increase could hamstring it, even though Bernanke stressed the Fed’s ability to adjust rates “as it sees fit.”

Dana Saporta, an economist at Credit Suisse, worried that the much-longer timetable would compromise the Fed’s credibility if it must raise rates sooner because of unexpectedly strong growth and inflation.

“It’s striking that the Fed would make an implicit commitment for almost three years,” Saporta said. “It seems like an awfully long time to make such a statement. Given that no one knows what will happen … the (Fed) may eventually regret this.”

The new timetable showed the Fed is concerned, if not surprised, that the recovery remains “stubbornly slow.” However, the Fed also thinks inflation will stay tame enough for rates to remain at record lows without igniting price increases.

Chairman Ben Bernanke cautioned that late 2014 is merely its “best guess.” The Fed can shift that plan if the economic picture changes. But he cast doubt on whether that would be necessary.

“Unless there is a substantial strengthening of the economy in the near term, it’s a pretty good guess we will be keeping rates low for some time,” he said.

The bank‘s tepid outlook suggests it’s prepared to do more to “help” the economy. One possibility is a third bond-buying program that will supposedly drive down rates on mortgages and other loans in an effort to convince consumers and businesses to borrow and spend more.

In a statement after a two-day policy meeting, the Fed said it stands ready to adjust its “holdings as appropriate to promote a stronger economic recovery in the context of price stability.”

It was the first time the Fed had released interest-rate forecasts from its committee members. It will now do so four times a year, when it also updates its economic outlook.

The central bank slightly reduced its outlook for growth this year, from as much as 2.9 percent forecast in November down to 2.7 percent. For the first time, the Fed provided an official target for inflation – 2 percent – in a statement of its long-term policy goals.

The bank sees unemployment falling as low as 8.2 percent this year, better than its earlier forecast of 8.5 percent. December’s unemployment rate was 8.5 percent.

However, that number is very much debatable. As noted earlier on The Blaze (via Zero Hedge):

One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people “drop out” of the labor force for one reason or another. While there is some floating speculation that this is due to early retirement, this is completely counterfactual when one also considers the overall rise in the general civilian non institutional population.

…we are redoing an analysis we did first back in August 2010, which shows what the real unemployment rate would be using a realistic labor force participation rate…

It won’t surprise anyone that as of December, the real implied unemployment rate was 11.4%  – basically where it has been ever since 2009…

Bernanke noted that the Fed expects only moderate growth over the next year. He pointed to the persistently depressed housing market and continued tight credit for many consumers and companies.

The Fed described inflation as “subdued,” a more encouraging assessment than last month.

“This is a fairly clear-cut signal that inflation is not on their radar at this point,” Tom Porcelli, an economist at RBC Capital Markets, wrote in a research note.

The Associated Press contributed to this report.

Comments (79)

1 2
  • KidCharlemagne
    Posted on January 26, 2012 at 12:32am

    The great President Andrew Jackson eliminated the previous wicked incarnation of the Federal Reserve on July 10, 1832 for the next 77 years…..but he gave fair warning to the citizens of the U.S. about what would happen if the Bank ever made its reappearance once again in his farewell address of March 4, 1837:

    ——————————-
    “The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper money can not be relied upon to keep the circulating medium uniform in amount. In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by the influence of those who hope to profit by it to extend their issues of paper beyond the bounds of discretion and the reasonable demands of business; and when these issues have been pushed on from day to day, until public confidence is at length shaken, then a reaction takes place, and they immediately withdraw the credits they have given, suddenly curtail their issues, and produce an unexpected and ruinous contraction of the circulating medium, which is felt by the whole community. The banks by this means save themselves, and the mischievous consequences of their imprudence or cupidity are visited upon the public.”
    http://www.presidency.ucsb.edu/ws/index.php?pid=67087#axzz1TmsmyiuK

    Report Post »  
    • Dcjones
      Posted on January 26, 2012 at 8:19am

      It is not free markets if we have a fiat based central bank that can put price controls on money. Price controls do not work on any goods, why would money be any different??? Market interest rates would do a lot of good to correct the imbalances and bubble/boom/bust cycles. It would keep the middle class wealth that has been slowly sucked into the Gov. sector and pocketed by the wealthy.

      I don‘t understand we Republicans don’t get this? I can see Democrats not understanding markets; but Republicans don’t either? Most of them are clueless about monetary policy and want to keep the SOCIALIST FEDERAL RESERVE SYSTEM>

      WE DO NOT LIVE IN A FREE MARKET – WE HAVE NOT SINCE 1913. This is the main issue of our day.

      http://www.youtube.com/watch?v=lu_VqX6J93k

      Report Post » Dcjones  
    • 235user
      Posted on January 26, 2012 at 10:44am

      Jackson, the best president after Washington.

      Report Post »  
    • mscott2112
      Posted on January 26, 2012 at 10:55am

      KIDCHARLEMAGNE: Your post is a good exhibit of Andrew Jackson‘s position on Fiat Currency but please realize that this doesn’t paint the entire picture of Jackson’s position of US monetary policy. Jackson didn’t want a fiat system in the hands of a private corporation (like the Federal Reserve of today). He wanted a fiat system directly in the hands of our central government so that they can directly control the money supply. This is quite like the same position that Dennis Kucinich (democrat congressman from OH 10th district) holds. All fiat currency systems are a bad idea from the start regardless of who controls them and they are all destined to collapse.

      Report Post »  
    • KidCharlemagne
      Posted on January 26, 2012 at 11:20am

      mscott2112
      Posted on January 26, 2012 at 10:55am

      KIDCHARLEMAGNE: Your post is a good exhibit of Andrew Jackson‘s position on Fiat Currency but please realize that this doesn’t paint the entire picture of Jackson’s position of US monetary policy. Jackson didn’t want a fiat system in the hands of a private corporation (like the Federal Reserve of today). He wanted a fiat system directly in the hands of our central government so that they can directly control the money supply.
      ===================================

      Perhaps you‘d best read more of Andrew Jackson’s Farewell Address then, ’cause he makes it crystal clear as to what the Constitutional currency of the U.S. is:

      “In reviewing the conflicts which have taken place between different interests in the United States and the policy pursued since the adoption of our present form of Government, we find nothing that has produced such deep-seated evil as the course of legislation in relation to the currency. The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. But the establishment of a national bank by Congress, with the privilege of issuing paper money receivable in the payment of the public dues, and the unfortunate course of legislation in the several States upon the same subject, drove from general circulation the constitutional currency and substituted one of paper in its place.”
      -President Andrew Jackson, March 4, 1837

      Report Post »  
    • Tom K
      Posted on January 26, 2012 at 11:47am

      @KIDCHARLEMAGNE: I read that Jackson’s friend asked how he was doing and Jackson said “ the bankers are trying to kill me ”. Hmmmm . . .

      Report Post »  
    • straightstreet1
      Posted on January 26, 2012 at 4:05pm

      So, this being true, why don’t most people support Ron Paul? He is the only one who cares about getting rid of the Federal Reserve.

      Many say they don‘t like Ron Paul’s foreign policy, but Switzerland does not go in and mess with other countries and they get along FINE!!!

      Romney has his socialist leaning (as evidenced by his health care plan in MA).
      Gingrich supports Cap and Trade !

      Why can’t people realize that our one best hope for America is Ron Paul????

      Report Post »  
    • black9897
      Posted on January 26, 2012 at 6:13pm

      Ron Paul: Do you think gold is money? Bernanke: ………No. PWND! Get rid of the IRS

      Report Post » black9897  
    • standbyyourvansandt
      Posted on January 26, 2012 at 7:03pm

      Maybe crazy old Uncle Ron might be right!

      Report Post »  
  • sbenard
    Posted on January 26, 2012 at 12:16am

    We are now in what is called a “debt trap”. There is no escape.

    This was a desperation move today by Bubbles Bernanke. Commodity prices, like stocks, leaped at the new that the Fed is going to keep the easy money flowing. It’s welfare for Wall St., it’s eternal entitlement!

    Report Post » sbenard  
  • Sam Brown
    Posted on January 25, 2012 at 11:40pm

    What this means is Ben has cornered himself and all he can do is keep rates low. If he raises rates then we have to pay greater intrest on the debt so then he has to print. Boom it’s all down hill from there

    Report Post »  
    • db321
      Posted on January 26, 2012 at 12:20am

      Oh Ben had painted this Country into a corner – the only way out is to jump off the clift! Just remember Ben – you were very instrumental in starting the Housing Crisis when you raise interest rate the first 7 months you were in office – You knew what you were doing.

      Report Post » db321  
  • Chromo200
    Posted on January 25, 2012 at 11:32pm

    “However, the Fed also thinks inflation will stay tame enough for rates to remain at record lows without igniting price increases.” Has Bernanke gone shopping lately for eggs, milk, meat, vegetables .. Maybe TVs prices have dropped, but I sure can’t eat a TV or a computer.

    Report Post »  
  • THETAXMAN
    Posted on January 25, 2012 at 11:05pm

    The great depression of the 1930s experienced a double dip. We may be in for the same unless luck is on our side.
    There may not be a cure for our economic condition other than time (decades??) and maybe luck.

    Report Post »  
  • garbagecanlogic
    Posted on January 25, 2012 at 10:29pm

    Borrow, borrow, borrow, borrow, borrow, and then, print, print, print, print print. That is all Bernanke knows how to do. The Fed is borrowing, the IMF is borrowing, Europe is borrowing, everyone is borrowing except China. We are all digging a hole and all we can do is keep borrowing and spending and taxing. Barry has his head up his arse along with the rest of the dummycrats.

    The U.S. Out Of The U.N.
    The U.N. Out Of The U.S.

    Report Post »  
    • Jaycen
      Posted on January 25, 2012 at 10:36pm

      Keeping interest rates artificially low is what is making this drag on. The government should stay out of interest rate manipulation. The market coordinates time with money via interest.

      Report Post » Jaycen  
    • Sirfoldallot
      Posted on January 25, 2012 at 10:40pm

      Yeah but he claims he is a expert, so it looks like we r all screwed !!!!!

      Report Post » Sirfoldallot  
    • standbyyourvansandt
      Posted on January 26, 2012 at 7:09pm

      And most Replublikins.

      Report Post »  
  • Abraham Young
    Posted on January 25, 2012 at 10:22pm

    Well, DUH. Government spending only makes things worse! Get the government off our backs and get us an honest currency and a reduced federal overlord burden , and watch us create our own jobs.

    Idiots I say, Idiots. Time to start rebuilding our country on Constitutional principles.

    Read the 5000 Year Leap. Watch The Money Masters on YouTube, and The Creature from Jekyll Island. We are insane to believe the Fed is a friend to America.

    Report Post »  
    • wbalzley
      Posted on January 26, 2012 at 4:43am

      “The Secret of Oz” is really good too…

      Report Post »  
  • wfo
    Posted on January 25, 2012 at 10:20pm

    F the fed! Any politician that doesn’t call for abolishing the Fed and the printing of debt free dollars is an enemy of the state.

    Aren’t 3 billion in debt free Silver Certificates what got JFK killed? See “Creature From Jekyll Island” by Edward G. Griffin!

    Report Post »  
  • GB__The Holy Warmonger
    Posted on January 25, 2012 at 9:55pm

    It’s sad that people think Ron Paul is right on domestic policy but a “kook” on foreign policy. How could he be so right on one but so wrong on the other? Perhaps it is those who think he’s a “kook” that are wrong. It just feels so “good” to show everyone we are the 800 pound gorilla and flex our muscles. I believe much of this attitude is from a misguided idea that the U.S. should protect Israel at all costs.

    I challenge anyone to give a scriptural reference for this. I support Israel but believe God is perfectly able to see that prophecy is fulfilled without the help of a bunch of warmongers.

    Ron Paul 2012
    End the Fed, EPA, etc
    No more unconstitutional and unnecessary wars
    Strengthen our national DEFENSE
    Return to States rights

    Report Post » GB__The Holy Warmonger  
    • THETAXMAN
      Posted on January 25, 2012 at 10:56pm

      The human condition is certain that no one is right all the time. I am one who you describe. I love Ron Paul domestically, but I believe his foreign policy to be in error because of gross misunderstanding of human nature in the area of religion.Not everyone is open to reason and Islam is so beyon the ken of reason. Iran and the entire Muslim world are beyond peaceful coexistence. Our only hope is to contain them for another few hundred years and hopefully they will have their reformation and renaisance.

      Report Post »  
    • rrick
      Posted on January 26, 2012 at 1:14pm

      Ron paul believes in a powerful national defense. He wishes to end foreign defense subsidies. Paul believes in trade and communication over war, and that sanctions only punish the citizens and increase domestic support for dictators.

      Report Post »  
    • TN_Techie
      Posted on January 26, 2012 at 1:28pm

      Genesis 12:3

      New Living Translation (©2007)
      I will bless those who bless you and curse those who treat you with contempt. All the families on earth will be blessed through you.”

      King James Bible (Cambridge Ed.)
      And I will bless them that bless thee, and curse him that curseth thee: and in thee shall all families of the earth be blessed.

      Report Post »  
    • standbyyourvansandt
      Posted on January 26, 2012 at 7:23pm

      Do we really need to wage war on all Muslims? Do Hindus and Muslims hate each other this much?

      Report Post »  
  • igetit
    Posted on January 25, 2012 at 9:50pm

    Zero comments how odd

    Report Post »  
  • Zcat
    Posted on January 25, 2012 at 9:47pm

    The Post’s T.W. Farnum did some research and found that out of the total sum, just 638 workers on Capitol Hill owe the IRS $9.3 million in back taxes. As in, overdue. The IRS gets stiffed by the legislative body that controls its budget. How Washington works.

    Privacy laws prevent release of individual tax delinquents’ names. But we do know that as of the end of 2009, 41 people inside Obama‘s very own White House owe the government they’re allegedly running a total of $831,055 in back taxes. That would cover a lot of special chocolate desserts in the White House Mess.

    Report Post »  
  • SamIamTwo
    Posted on January 25, 2012 at 9:34pm

    what and skip hyperinflation? don’t thank so.

    We are in a period of stagflation and entering a period of hyperinflation much like the 70′s but perhaps worse, eh? Yeah JIMHO.

    Someone is benefiting but it’s not us…Need to investigate the federal reserve real soon.

    Report Post » SamIamTwo  
    • vox_populi
      Posted on January 25, 2012 at 9:46pm

      Financial executives would never allow hyperinflation. Think about it. Banks make all their money through collecting interest on loans and investments – during inflation, debtors win, creditors lose. To be honest, extremely low investment and consumption means inflation these days is actually quite low.

      Report Post » vox_populi  
    • TXPilot
      Posted on January 25, 2012 at 9:50pm

      “Recovery” my @ss……that’s like telling a condemned man who is about to be hanged, that things will shortly be getting worse, but then he can expect a full recovery eventually…..

      Report Post » TXPilot  
  • TRILO
    Posted on January 25, 2012 at 9:32pm

    Every decision the Fed makes destroys our country more. It is sad that there is only one candidate that wants to do anything about the Fed. The other three have zero desire to change the status quo. Without a sound monetary policy that is free of the Feds influence, manipulation and monetization of debt our country will not have two pennies to rub together in the near future, let alone money to fund a military structure that polices the world.

    Report Post » TRILO  
  • wisehiney
    Posted on January 25, 2012 at 9:27pm

    Deflation has already won. Pay attention.

    Report Post »  
  • BlackCrow
    Posted on January 25, 2012 at 9:19pm

    Just think what is going to happen to the 15+ Trillion dollar federal debt if the interest rates came off these low levels. It wouldn’t take much to push interest on that debt to the largest line item on the balance sheet surpassing Social Security, Medicare and Defense. We can’t pay for things as it is! Two ways out; inflate the currency (hyper-inflation) or default. Choose your poison.

    Report Post » BlackCrow  
    • SHOWMESTATEGUY
      Posted on January 25, 2012 at 9:36pm

      They have already decided. Hyper-inflation after BO leaves office in 2016. I hope they can hold that off for four more years but I doubt it.

      People need to be making plans now for what will come to this country.

      Report Post »  
    • booger71
      Posted on January 25, 2012 at 10:13pm

      Fed is getting ready to pump more dollars (out of thin air) into the EU

      Report Post » booger71  
    • Outlaw_Josey_Wales
      Posted on January 26, 2012 at 10:32am

      There is a bubble of very low interest rate treasuries bonds, some day they will have to be rolled over into a higher rate bond, when this happens big trouble for the economy.
      Interest payments on the national debt
      Columns:
      1. Fiscal year
      2. Debt in trillion
      3. Average interest on debt
      4. Interest payment on debt in billions
      1_______2________3_______4
      2011____$14.7____2.8%____$454*
      2010____$13.5____3.0%____$413
      2009____$11.9____3.2%____$383
      2008____$10.1____3.8%____$451
      2007____$9.0_____4.8%____$429
      2006____$8.5_____5.0%____$405*
      2005____$7.9_____5.1%____$352
      2006____$7.3_____4.5%____$321
      2003____$6.7_____5.4%____$318
      2002____$6.2_____5.1%____$332
      2001____$5.8_____5.7%____$359

      *Notice since 2006, the debt has almost doubled, the interest almost cut in half, the interest payment only increased by $49 billion. The interest payment on a $15.1 trillion debt at 5% interest is $755 billion, 6% interest $906 billion. 7.25% interest $1.094 trillion. “7.25% is the 30 year average interest on the debt”. This bubble keeps getting bigger every year by over $1.2 trillion. Just a matter of time before the U.S. defaults on it’s debt.

      Report Post » Outlaw_Josey_Wales  
  • SHOWMESTATEGUY
    Posted on January 25, 2012 at 9:18pm

    I think Paul is right about this. It is past time for the American people to do an audit of the Federal Reserve. Who controls them, who do they answer to? Where’s the money? Can anyone answer those questions?

    At the present time no one can answer those questions. Be it dem lib or false conservative Romney.

    Report Post »  
    • WAKEUPUSA2012
      Posted on January 25, 2012 at 9:27pm

      Sir.

      No one controls them. They dont answer to ANYONE. They make there own rules and do what they want. THE PRESIDENT HAS NO SAY OVER THE FED.

      WTF

      Report Post » WAKEUPUSA2012  
    • WAKEUPUSA2012
      Posted on January 25, 2012 at 9:28pm

      Sir.

      No one controls them. They dont answer to ANYONE. They make there own rules and do what they want. THE PRESIDENT HAS NO SAY OVER THE FED.

      WTF

      Report Post » WAKEUPUSA2012  
    • SamIamTwo
      Posted on January 25, 2012 at 9:37pm

      WAKEUPUSA2012

      True but it is the president who has say over who runs that gang.

      http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

      s stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 14 years. Once appointed, Governors may not be removed from office for their policy views. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[1] By law, the chairman reports twice a year to Congress on the Federal Reserve’s monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury.

      Currently, the chairman is Ben Bernanke, a South Carolina macroeconomist nominated by George W. Bush and sworn into office on February 1, 2006, for a term lasting until January 31, 2010. He was nominated for a second time by President Obama in 2009. In 2010 he was confirmed by the senate for a second term, ending January 31, 2014. Bernanke succeeded Alan Greenspan, who served for more than 18 years during the terms of four U.S. Presidents.

      The law applicable to the Chairman and all other members of the Board provides (in part): Go and read.

      Report Post » SamIamTwo  
    • WAKEUPUSA2012
      Posted on January 25, 2012 at 11:52pm

      You are correct. The president can “choose” who runs the Fed. But the way things are I would bet the president gets told who to pick. You know the eliet bankers are in and out of there. Those are the people who have the pull in this country and almost everyother one.

      Report Post » WAKEUPUSA2012  
  • girlnurse
    Posted on January 25, 2012 at 9:18pm

    I thought it would all be collapsed by now? When is the run away inflation and street riots going to begin????

    Report Post » girlnurse  
    • Shasta
      Posted on January 25, 2012 at 9:32pm

      Soon, I hope not, but soon. The only thing the Fed does well is store gold, from Fort Knox and private investors, such as Soros, for when s%it hit the fan. They have themselves covered, we do not

      Report Post » Shasta  
    • SamIamTwo
      Posted on January 25, 2012 at 9:39pm

      No one is taking risks while Obama is at the helm.

      Report Post » SamIamTwo  
    • M1A2_Tanker
      Posted on January 25, 2012 at 10:30pm

      They are worried that Obam-unist won‘t win so they are deferring the inevitable so that it will happen on the watch of the Republican’s They will use it to further their final goal. Every single move they make is calculated, the outcome no matter if it seems to be what they do or don’t want, IS exactly what they want. Remember the whole “If we don’t bail them out unemployment will rise above 8%” They NEED the unemployment and ensuing chaos, therefore they knew that implementing TARP wouldn’t help. They acted as if they wanted it to, but knew it wouldn’t. Think “Reverse Psychology”.

      Report Post »  
  • McDLee
    Posted on January 25, 2012 at 9:17pm

    Love ZeroHedge. I’ve been going there for 2 1/2 years and learned much about our financial system and how it really works.

    Report Post »  
  • WAKEUPUSA2012
    Posted on January 25, 2012 at 9:15pm

    I pray for you and your family. Because the New World Order will be HELL. Oh but you think thats a conspicary theroy right? For over a 100 years the eliets of society have been setting up a system where there people are in the highest places of government around the world. The Fed is one of these programs. The Fed is PRIVATE. The congress the senate the president has NO SAY over what happens inside the Fed. They are pumping up our currency with NOTHING to back it up. They want the collaspe so the people of the world will beg for the government to fix it. And then they will bring in the one world government. The Fed should be the most important issues today. Ron Paul has been talking about this for 30 YEARS. He saw what was coming (the finincal collaspe) He knows how to reverse it. He knows how to do it right. They dont want you to think. They want you to vote for the KEN DOLL or the SHOWMAN Newt. Ron Paul knows how to fix America. Even if you dont agree with his foreign policy. You have to know he is RIGHT on the ECONOMY. AND THATS WHAT WE NEED.

    Resistance is VICTORY

    Report Post » WAKEUPUSA2012  
    • marion
      Posted on January 25, 2012 at 10:07pm

      I do agree with you up to the very end. I think Newt falls into the category that they are not in favor of him, but the people are speaking. There continue to be so many past history rumors about Newt that seem to not be true, all his $300,000 fine and disgraceful dispatch from the House all turns out to be guilty until proven innocent, turned out he was actually innocent after all. The one bad thing is his two divorces, and fact of the matter is, it takes two to stay married, not one.

      The Fed does need to be looked at, audited, and more than one person make the decisions going on. Keeping the interest rates this low is bad. If small banks can’t make money, how are they going to be able to loan money, and what skin does a person have in purchases if hard work isn’t going to be worth the item in the first place? A total collapse of the banking system is what the plan is, got about ten months to fix it. Go Newt.

      Report Post »  
    • straightstreet1
      Posted on January 26, 2012 at 4:27pm

      To Marion: Newt loved the Cap and Trade policy! That is all you need to know to NOT VOTE FOR NEWT!

      Report Post »  
  • vox_populi
    Posted on January 25, 2012 at 9:12pm

    Economic growth has already returned; it’s jobs and wages for millions of Americans that remain flat. Small businesses won’t take any chances so long as consumption remains low, consumption will remain low so long as American workers remain unemployed, those who work for a living will remain unemployed so long as they’re disenfranchised from institutions of power and all political power rests instead with those who own for a living.

    Report Post » vox_populi  
    • barber2
      Posted on January 25, 2012 at 11:35pm

      Good grief. Take an economics course. One that actually teaches capitalism! The totally anti-capitalism/anti-rich/ anti-banking attitude of your Lefty heroes is what is screwing up our economy. Embrace your inner poverty. With the Obama types in charge, that is all that you will get. They have made all business entities so uncertain with their “anti” regulations and rehtoric, you aren’t going to see any economic improvement. Know what ? The Obamatrons will just Blame someone else. It is in their DNA…

      Report Post »  
    • asybot12
      Posted on January 26, 2012 at 4:23am

      “those that work for a living” will remain UNEMPLOYED can you run that by me again before mommy shuts off the computer? I can tell staying up after bedtime really fuzzes your troll brain. nighty night.

      Report Post »  
  • Sirfoldallot
    Posted on January 25, 2012 at 9:12pm

    Prepair , pray & hope 4 the best.

    Report Post » Sirfoldallot  
  • InversionTheory
    Posted on January 25, 2012 at 9:11pm

    As usual…a central bank ignores any indication of inflation until…like a frying pan, it smacks you in the face at high velocity.

    Report Post »  
  • Darmok and Jalad at Tanagra
    Posted on January 25, 2012 at 9:09pm

    Wow, it could take 3 more years, of giving away money at zero percent interest, and possibly getting double digit inflation (if they ever would actually report what true inflation is), to get unemployment down to possibly 8%, or if we are lucky, 7%. and when Bush was in office, it was horrible when unemployment was 6%. This is like the fire dept. standing by watching your house burn down, but they saved your mailbox. Lucky you.

    Report Post » Darmok and Jalad at Tanagra  
  • nobummer12
    Posted on January 25, 2012 at 9:05pm

    I love my silver stash.

    Report Post » nobummer12  
  • DennisHand
    Posted on January 25, 2012 at 9:05pm

    Today’s movement in the price of gold and silver sure makes it seem so.

    Report Post »  
    • CatB
      Posted on January 25, 2012 at 9:33pm

      Yes … and it is time to audit this rogue organization .. that is controlling all our lives.

      Report Post »  
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