Without intending to do so, (or perhaps intending to send a message to his
comrades-in-crime?) Slimes scribbler Binyamin Appelbaum (cough cough) performs a great service
for some of us more advanced "conspiracy theorists" TM who have been warning
that the HNB (Hebrew National Bank) intends to pull the rug out from Orange Man
before he can turn the economic ship around. It's actually quite a shocking read -- not so much because it teaches us anything
new, but because of its unusually brazen portrayal of just how powerful and how subversive the Central Bank of America really
is. Let us examine a few excerpts.
Bennie lets a huge "cat out of
the bag" for us.
Appelbaum: Investors in financial markets, and those predicting faster economic growth
in 2017, would do well to remember the famous words of William McChesney Martin Jr., the former Federal Reserve chairman,
uttered way back in 1955: "The Fed’s job is to remove the punch bowl just as the party gets going."
Analysis: A former Fed Chair
admits that the bank has the power to kill an economic expansion (generally done in order to kill the inflation that the
Bank itself has ignited).
Appelbaum: President-elect Donald J. Trump’s promises to cut taxes and regulation
and to increase spending on infrastructure and defense have convinced many that a sugar high in the near term will goose
the economy. But Fed officials say the economy is already expanding at something close to its maximum sustainable pace,
meaning faster growth would drive inflation toward unwelcome levels.
Analysis: "Maximum sustainable pace?" -- Do these gangsters
at the HNB realize how many people are out of work or underemployed or earning crap for wages? Answer: Of course they know
what's going on, and they want to keep it that way in order to ensure that Orange Man
To avoid overheating, the Fed could respond by raising interest rates more quickly. The more Mr. Trump stimulates growth,
the faster the Fed is likely to increase rates.
Translation: The more Trump succeeds, the more aggressively the HNB will move to thwart that
success by tightening the money supply with rapidly rising rates.
Today's Slimes confirms that "conspiracy
theorist" Congressman Lindbergh Sr. was right when he warned that the new Central Bank (enacted in 1913) would come to
dominate the economy through its issuance and contraction of debt-based currency:
“The new law will create inflation whenever
the trusts want inflation. From now on depressions will be scientifically created.”
Appelbaum: The rate sits in a range of 0.25 percent to 0.5 percent, a low level
intended to stimulate economic growth by encouraging borrowing and risk-taking. Analysts predict the Fed will shift the
range upward by a quarter of a percentage point, modestly reducing those incentives.
Analysis: Sooner or later the base rate was going to be increased. It
is the fact that it will happen so soon after the election that is disturbing. Clearly, the HNB delayed the inevitable rate
hike in order to prop up Obongo's sick economy as best as possible and also to help elect Killary.
The rate increase is widely regarded as a foregone conclusion. ...The looming question is how quickly
the Fed will continue to raise rates in 2017.
We predict that the rate hikes will come however fast and large as necessary to prevent a Trumpian economic boom.
Appelbaum: Economic forecasts
always require large assumptions, but that is particularly true in the present case because Mr. Trump has provided relatively
few details about his plans.
To the contrary, Orange Man's economic plans with regards to taxation,
regulation and trade have been quite specific -- which is why economic optimism, as confirmed by surveys of businesses large
and small, is now soaring.
During his campaign, Mr. Trump predicted 4 percent annual growth, and his actions since
Election Day point to a single-minded goal of short-term job creation. “Our No. 1 priority is going to be the economy,
get back to 3 to 4 percent growth,” Steven Mnuchin, Mr. Trump’s pick to serve as Treasury secretary, said last
Analysis: A return
to 3-4% growth rates, for an economy as massive as America's, would erase the annual deficits (assuming spending is controlled)
and lift millions out of poverty. Of course, our moral, cultural, educational and political problems won't be solved,
but we should at least rejoice at the prospect of such long overdue economic expansion.
economists regard such growth predictions as fanciful;...
Analysis: What is so bloody damn "fanciful" about achieving 3-4% growth after a
period of massive tax cuts and massive regulatory relief? Privately, Orange Man
is probably expecting 6-7%.
1- History shows that 3-4% growth rates were common up until the age of Obongo. But
now, the Fed won't allow it?
2- Orange Man:
“It is so important
to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.”
Some think Mr. Trump is more likely to push the economy into recession than to catalyze a new boom.
Analysis: And who exactly are these pessimistic "some?"
Answer: The very same Keynesian communists who drove the economy into a ditch by loading it up with too much taxation, borrowing,
regulations, lawsuits, money printing and "free trade" schemes.
Appelbaum: Even if Mr.
Trump is right, however, the Fed does not want 4 percent growth.
Analysis: Wow! Just wow! That one bears
repeating, with some bold emphasis!
Even if Mr. Trump is right, however,
the Fed does not want 4 percent growth.
Just let that candid admission sink in.
central bank’s outlook has become increasingly gloomy. Officials estimated in September that annual growth of 1.8
percent was the maximum sustainable pace,
Analysis: A "maximum"
growth rate of 1.8%" is actually a negative growth rate because the inflation numbers, which factor into
the GDP formula, are cooked downwards. This can only mean, as it did during the HNB's Great Depression, that Yenta
Yellen and the gang of ghouls above and beneath her actually want millions of Americans to continue to struggle
Sorry my friend. The HNB doesn't want
you to have a job. You wouldn't want the economy to "overheat" now, do ya?
Appelbaum: Fed officials
also are increasingly convinced that steady job growth has substantially eliminated the post-recession backlog of people
seeking work. The unemployment rate fell to 4.6 percent in November, a level the Fed regards as healthy.
Any policy-maker or journalist who knowingly spreads the LIE of a 4.6% unemployment rate ought to have their lying tongues ripped out with a set of rusty pliers. The actual
rate of unemployment / underemployment remains at about
20%! (long term unemployed + underemployed + phony disability cases --- see shadowstats.com) Moreover, many of the full-time-employed now work for service-sector wages so low that they'd be better off
Fischer, the Fed’s vice chairman, said last month the Fed might still benefit from fiscal stimulus because it could
raise rates more quickly. That would increase the Fed’s ability to respond to future downturns by reducing interest
Translation: The HNB creates the booms, and then "corrects" the "overheating"
(inflation) by creating a counter-balancing deflationary bust, which it then "corrects" by creating a counter-balancing
it then "corrects" by creating a counter-balancing bust, which it then .... (yeah, it really is that insane!)
Mr. Trump has promised to press for rapid changes in government policy, but Congress is not built for speed. ....
The impact of new cuts, and any increase in infrastructure spending that Mr. Trump can persuade dubious Republicans to embrace,
would be felt mostly in future years.
Analysis: We're afraid
that Benny is correct about Orange Man's fellow
Republicant's. Some of the same crowd that is already pushing back on the issue of Putin and Russia (McCain, Graham, Rubio
et al) can be expected to drag their feet on economic policies as well -- particularly if such obstructionism will gain
then a few love letters from the Jew York Slimes or the Washington Compost.
M. Zandi, chief economist at Moody’s Analytics, predicted that tax cuts, regulatory rollbacks and deficit-financed
spending would fuel faster growth in the first half of Mr. Trump’s four-year term. But he said that the Fed’s
rate increases,... would gradually begin to take a larger toll. By the end, Mr. Zandi predicted, the American economy would
be “unnervingly close” to recession.
HNB will keep the economy in the toilet as the Piranha Press pins the blame for undoing the "Obama recovery" on
“The Fed and markets
in general will ultimately wash out any benefit,” Mr. Zandi said Monday. “The economy under President Trump
ultimately will be diminished.”
Analysis: Again, we say,
wow! The sons-of-bitches, via their mouthpieces, are actually admitting to us what they intend to do. That's another
line worth repition in bold..
Appelbaum: “The Fed and markets in general will ultimately wash out any benefit,”
economy under President Trump ultimately will be diminished.”
Orange Man is serious about "making America great
again," he had better be prepared to pull an "Andrew Jackson" by battling the Central Bank, and killing it.
Good luck with that!
Like Andrew the Great Jackson, Trump
will have to defeat Rothschild's banker agents if hopes to succeed.