2012 Global Concerns Over US Monetary Policy

2012: US Monetary Policy: A House of Cards

Latest Update 15 March 2012

Hopefully no one believes November elections will resolve what a loose cannon can do today.

March 2012 - Voters beware

'As sure as the sun rises in the morning ...there's death ...and taxes ...one doesn't have to choose sides or split hairs over religions and geo-political world views to see the obvious ...nor has the ability to change the inevitable.'

Like it or not ...we are all in the same boat. Somewhere in the midst of current events a set up is being orchestrated ...but for whom and by whom?

14 March 2012

US Fed Reserve Is The Chief Debt Enabler

An excerpt from Bob Chapman's weekly publication.

It isn’t over until it is over. Of course, we are referring to Europe and its version of 1984.

We find it profound that the bankers, politicians and bureaucrats of Europe can do what they have done with a straight face. Investor had a haircut shoved down their throats and the ECB, the European Central Bank and the IMF were exempt. How does that work? That is because some are more equal than others. There is no question this will be a defining event for the European and world financial system. >Read more<

But then if European markets aren't enough:

15 March 2012

Goldman Sachs loses market value after searing Greg Smith essay

March 15 (Bloomberg) -- Goldman Sachs Group Inc. saw $2.15 billion of its market value wiped out after an employee assailed Chief Executive Officer Lloyd C. Blankfein’s management and the firm’s treatment of clients, sparking debate across Wall Street.

Executives at Goldman Sachs haven’t changed their behavior even after the firm paid $550 million to settle a fraud lawsuit with the Securities and Exchange Commission and was accused by the U.S. Senate’s Permanent Subcommittee on Investigations of misleading clients, Smith wrote. Washington Post >Read more<

Oil politics

Just a game?

United States, Britain Agree To Emergency Oil Reserves Release

Posted: 03/15/2012 12:36 pm HuffPost Politics via Reuters

LONDON--Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.>Read more<

Then in the midst of a market response to the appearance of good news, Jay Carney the White House version of Opie Taylor announces an hour later...

U.S.: No Deal to Release Oil Reserves
Updated March 15, 2012, 1:32 p.m. ET
Wall Street Journal

The Obama administration hasn't reached an agreement with the U.K. to release crude oil from its emergency reserves and a report suggesting otherwise was inaccurate, White House spokesman Jay Carney said Wednesday.

U.S. crude futures fell as much as $1.58 from an intraday high of $106.18 a barrel after Reuters reported that Britain expects the U.S. to move soon to open its emergency oil reserves amid rising prices. Reuters quoted U.K. officials saying they expected the request soon and said the U.K. would cooperate with the move. >Read more<

Meanwhile... as telling Israel 'I have your back.' ...in a volatile election year at the expense of the British Prime Minister and an American public looking anywhere for good news ...

'ALL OPTIONS OPEN ..Top U.S. officials including Energy Secretary Steven Chu and Treasury Secretary Timothy Geithner have said publicly in recent weeks that a U.S. SPR release is among the options the government is considering.'

While likely to be popular with many Americans, tapping the SPR alone could antagonize allies in Europe, several of whom remain unhappy over last year's action and are unlikely to back another release.

Exclusive: Obama, UK's Cameron discussed tapping oil reserves: sources
WASHINGTON | Thu Mar 15, 2012 2:04pm EDT

(Reuters) - President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices. Obama raised the issue during a broad bilateral meeting at the White House, according to a UK official with knowledge of the discussion..>Read more<

As Bob Chapman said: 'It isn’t over until it is over.'

About Bob Chapman

The following is from less than a year ago in 2011:

Stakes Are High In Debt Ceiling Showdown

July 27, 2011
from International Forecaster Weekly newsletter by Bob Chapman who many know as The International Forecaster is posted unedited, by permission By Bob Chapman:

We have to laugh at these geniuses that continue to make economic and financial predictions, which are incorrect more than 90% of the time. Their listeners and subscribers have to be losing many opportunities if not considerable lots of money. Worse yet have been many so-called chartists, waviest and cyclists.

The EU supposedly has an agreement that will solve Greek problems for a year or so, which will cost $229 billion. Borrowing from the EFSF, the European Financial Stability Facility will be doubled to 15-years, as interest rates on the debt will slide between 3.5% and 4.0%. The debt load itself really won’t change much. Greece is hopelessly buried in debt. It would take 50 years, or more, of austerity and depression to pay the debt and interest off. A bailout is an insane exercise in futility.

The agreement will allow countries to default on their debt, but that is not official. Once the seal has been broken we see five more defaults. The terms are not workable. Greece will never work its way out of their debt. >Read more<

The International Forecaster subscription version comes out twice weekly 35 pages full of news, information and resource links! ...Endrun

Suscribe to the complete issue of The International Forecaster for timely, and in depth coverage of the economy and world economic events


"On the debt ceiling, the clock is ticking, and clearly the issue needs to be resolved immediately," Christine Lagarde said in a speech at the Council on Foreign Relations.

Challenges and Opportunities for the World Economy and the IMF

Speaker: Christine Lagarde, Managing Director, International Monetary Fund (IMF)
Presider: Thomas H. Glocer, Chief Executive Officer, Thomson Reuters

July 26, 2011, New York
Council on Foreign Relations

Challenges and Opportunities for the World Economy and the IMF (Video) on YouTube.

ECONOMICS -- July 28, 2011 at 3:18 PM EDT
Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached
The PBS NewsHour

While inept and/or corrupt Washington politicians play chicken with America's future ...the global economy evolves into a house of cards with Ireland, Portugal, Greece, Italy and other European Union countries lined up, and ready to fall like dominoes.

Other than a few exceptions, since Seoul 2010, not much more than wait and see, has come out of meetings of emerging nations dependent on stable US monetary policy including current Congressional action on the 'debt ceiling' .

A core group of advanced and emerging-market countries in the G20 were reaching this conclusion together before the Fed's decision. But confusion over the implications of the Fed's decision appears to have derailed the coalition, at least for the time being.' Council on Foreign Relations November 10, 2010

So... How does this affect Americans?

If you are counting on politicians and 'pundits' ...a total economic collapse would make the November 2012 elections moot ...not to mention ...given what we have seen in 2011 with Arab Spring or as others call Islamic Awakening , violent protests in Greece and other economically strapped nations, these kind of scenarios in an extremely stressed global community are most probable and historically leads to war and civil unrest.

Conventional Wisdom

e problem with 'conventional wisdom' is ...it isn't working!

At some point, ... it will be too late for effective political action. ... there reaches a point where it won’t matter who’s president and it won’t matter how devoted Congress is, the damage will be out of control.

As the 2011 State of the Union came and went and 'all the kings' horses and all the kings' men' gather together and discuss a 'New Reality' ...protests, violence, violently desperate times ...'wars and rumors of wars' will continue to prevail ...'Such things must happen, but the end is still to come.' ...as we know and perceive things ...unless people change from their less virtuous and non productive ways.

Hopefully no one believes November elections will resolve what a loose cannon can do today.

For anyone hoping for a good outcome to arise from these unprecedented times and events ...focusing on being on the right team is important.

He who has ears, let him hear... Endrun Project Post: 'November 3, 2010: Now What?'

Concerning current events

32 “Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. 33 Even so, when you see all these things, you know that it is near, right at the door. Truly I tell you, this generation will certainly not pass away until all these things have happened. Heaven and earth will pass away, but my words will never pass away.'

Not Rocket Science

There is a reason why 'conventional wisdom' of All the Kings Horses and All the Kings Men is failing these days.

'...God hath chosen the foolish things of the world to confound the wise; and God hath chosen the weak things of the world to confound the things which are mighty;' 1 Corinthians 1:27 King James Bible

God says:
'Because of this, I will once again astound these hypocrites with amazing wonders. The wisdom of the wise will pass away, and the intelligence of the intelligent will disappear.' Isaiah 29:14 New Living Translation;

'For it is written, I will destroy the wisdom of the wise, and will bring to nothing the understanding of the prudent' 1 Corinthians 1:19 King James Bible.

Watch out that no one deceives you! Matthew 24


Related articles:

2010-2012 The Perfect Storm Economic Crisis by Design latest update 21 July 2011
What if? 2012 Leadership & Politics-Perception deception Latest update 03 March 2012
George Soros: 'Not much difference' between Romney and Obama 01 January 2012
A paradigm shift ...or by design? Russia's Perestroika (перестройка)
The Religion of Politics Eyes wide shut
If Six was Nine Last update 13 March 2012


2010: More Dark Clouds on Economic Horizon
2010: The Second Tsunami

Suggested reading:

The theory of 'manageable chaos' put into practice 01.03.2011
Sergei Shashkov, political scientist

See also; New Eugenics and the Rise of the Global Scientific Dictatorship
The Technological Revolution and the Future of Freedom, Part 3

The 'Endrun' image represents the disparity being felt by so many people ... especially the children who are witnessing events in America and the international community in which they have no voice or control of decisions that are destroying prospects and hope for a secure and prosperous future.