Jeffrey Steinberg is interviewed on the processes which we now know to have directly motivated the takedown of one of FDR’s most important acts to safeguard the United States economy from hostile, foreign and colluding, traitorous elements.
This safeguard is, the Wall-Street feared Glass-Steagall Act, which enforces a strict separation of commercial and investment banking.
Experience has shown this to be essential to any healthy economy, contrary to what the lies and propaganda efforts disseminated up to its 1999 repeal imply.
The United States government printed more than 1 billion banknotes in a month for the first time in over a year, data from the agency responsible for producing U.S. currency shows.
1,053,056,000 in $1s, $5s, $10s, $20s, $50s and $100s were made in October for a total value of $17.28 billion, according to Bureau of Engraving and Printing (BEP) monthly production figures published on Nov. 10.
The amount of leverage in the U.S. Dollar fiat currency system reached an all time high in 2013. Even though the growth in total U.S. currency more than doubled since the collapse of the Housing and Investment banking system in 2008, the majority of the increase was from just one bill in particular.
U.S. Department of Engraving and Printing issued more $100 Federal Reserve Notes in 2013, than in any year prior. Of course, part of the reason was due to the new $100 anti-counterfeit bill released in 2013, but the increased trend for the largest bill has been going on for decades.
Reality is finally settling in. Natural laws of supply and demand are back in action. Stocks are sliding, banks are finally slimming down, and oil’s getting crushed.
The market at large has proved its innate vulnerability despite the Fed’s best efforts to distort the real macroeconomic picture at play.
Economists are (finally) admitting that central bankers have run out of ammunition to sustain the illusion of the Fed as our knight in shining armor.
It’s incredible how many traditional fairytale parallels have been cited when referring to a very real financial experiment gone very wrong.
Ed Yardeni cited “The Wizard of Oz.” International Monetary Fund Managing Director Christine Lagarde went with both “Alice in Wonderland” and Harry Potter. Stephen King — the HSBC Holdings Plc chief economist, not the author — trolled the fantasy aisle.
The chief of the information centre of the South-Eastern Front, Konstantin Knyrik, told reporters that the Donetsk militia surrounded a total of seven thousand Ukrainian military men.
“At the moment, we have been able to drive the enemy in three mousetraps – near Ilovaisk, Lutugino and Stepanivka. Altogether, there are at least 7,000 men there from battalions Dnepr, Donbass, Shahtersk, Kherson and others,” Knyrik told Interfax.
Four years is not a long time – but in four years a boy in his early teens grows into a young man and in four years the generation of British and Commonwealth lads born in the mid 1890s would come of age and go to war. In 1914 they went to The Great War, the War to End All Wars – and many never came home.