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Governments cause inflation ? Not !

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Olde Reb

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Mr. Hornberger chides the citizens of Argentina who fall for the government propaganda that businesses are responsible for inflation because they raise the price of goods and services in his recent article.  He then slams their schools for not educating the people.

Perhaps Mr. Hornberger should review the economic chaos of the United States and Europe and questionnew one whether it is the government or financial institutes that cause—and profit from—inflation. “Bought off” and corrupted are terms that come to mind to identify the cause from the implementer..

The methodology by which the Federal Reserve Board of Governors conceals $4 billion daily from the auction accounts of Treasury securities that are exclusively handled by the FRBNY—the accounts have never been audited or reported to Congress as required by law—has been documented. Ref. FEDERAL RESERVE HEIST. The lengthy mathematical analysis of the Fed’s Ponzi scheme that dates from Rothschild’s “loaning” to rulers of centuries past to reveal the inherent national bankruptcy of their scheme is available. Ref. RIP OFF BY THE FEDERAL RESERVE.

The use of that money to fund the New World Order using the World Bank and International Monetary Fund has been theorized. Ref. FUNDING THE NEW WORLD ORDER. The embezzlement of the Treasury auction funds by the FRBNY and FRBOG has been brought to the attention of the United States government. Ref. AMENDED COMPLAINT—WHISTLEBLOWER SUIT.

The “end goal” of the cabal has been stated in internal memos to be the collection of the $17 trillion National Debt of the United States.  Greece and Cyprus are but two available examples of their collection methods.

And still Mr. Hornberger is unaware of the future tragedy and demise of the U.S. while he belittles the economic knowledge of the Argentina people.    The academic centers of the U.S. {that must groom economists for future employment with the largest employer of economists–the Fed and the banks—and who also receive largess from them} have done a great job in hiding the perfidy of the Fed.

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Ref. http://fff.org/2014/03/18/the-governments-inflation-scam/

All articles available at www.scribd.com/oldereb.

Economy: Our next stop, the twilight zone

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LIVE LINK: Regular Folks United

Reprinted with permission

 “Government, government, government. Government does not create jobs. It\’s very simple how you create jobs. An entrepreneur takes a risk.”       Linda McMahon

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Friday, October 8, 2010, 2:09 PM EDT,  2:09 PM EDT from James Best

Economists and entrepreneurs deal with reality—and from what I’ve been reading lately, quite different realities. I’m too simple to grasp parallel universes, so I’ve got to pick one to believe. Do I trust an economist that has studied job creation, or the entrepreneur that has met a payroll?  

I should tell you, I’m prejudiced. I was trained in economics, but I made a living as an entrepreneur and by advising entrepreneurs. I have to go with the entrepreneurs. When economists are wrong, they do the two-step and muddle up their previous pronouncements. When entrepreneurs are wrong, they hire bankruptcy attorneys.

What are economists saying? On October 7th, the Wall Street Journal reported that some Federal Reserve officials want to “lift inflation,” that is force real interest rates negative (interest minus inflation), so that businesses and people will stop saving and start spending. Government spending hasn’t done the trick, so they want us all to spend like there’s no tomorrow. I presume these officials are the same economists and bankers that told the government that a near-trillion dollar stimulus was faint-hearted. Only someone tenured or ensconced in a cushy government job would think that piling on even more spending makes sense.

But that’s not all. These wizards are also telling the government to ramp up the taxes on anyone that still has money, heap massive regulations onto business, and take away the brass ring. Oh, and by the way, don’t worry about small business because we’ll give banks some earmarked money to lend to these poor creatures. (I’m sorry, but I don’t believe small businesses are not hiring because they haven’t been able to increase their debt load.) More

“The New Kleptocracy”

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http://www.informationclearinghouse.info/article21041.htm

“The largest financial theft in American history”
Must Listen Interview  – – By Guns & Butter

Economist Dr. Michael Hudson on Treasury Secretary Hank Paulson’s “Plan” passed by Congress on October 3, 2008. We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us.

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This is a stunning interview that exposes the facts that the bailout will help no one but Wall Street fat cats, all friends of Henry Paulson.  The lies we were told about the bailout include the “screw the investors program”.  

Economists’ Open Letter Calls For Active Response to Economic Crisis

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October 8, 2008

http://www.progressive-economics.ca/2008/10/07/open-letter/

Ottawa: Today, 85 economists released an Open Letter criticizing the federal government for its inaction in light of the deepening global financial crisis, the growing probability of a worldwide recession, and structural weaknesses in the Canadian economy. The letter challenges government claims that Canada¹s ³fundamentals² are strong, and highlights the significant deterioration in Canada¹s economic performance over the last two years. Despite recent government statements, there remains a wide disconnect between the appropriate policy response to the looming downturn, and the ³stay-the-course² approach still being enunciated by the Prime Minister.
 

 

http://www.progressive-economics.ca/2008/10/07/open-letter/

For further information or comment, please contact:

 

 

 

www.canadianactionparty.ca Telephone Connie Fogal at: 604 872 2128

Economists Against The Paulson Plan

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Economists Against The Paulson Plan

 

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

 

26/09/09 As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:

 

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense.

Investors who took risks to earn profits must also bear the losses.  Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

 

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If  taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

 

3) Its long-term effects.  If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America’s dynamic and innovative private capital markets have brought the nation unparalleled prosperity.  Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

 

For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.

 

 

 

Signed (updated at 9/25/2008 8:30AM CT)

 

Acemoglu Daron (Massachussets Institute of Technology) Adler Michael (Columbia University) Admati Anat R. (Stanford University) Alexis Marcus (Northwestern University) Alvarez Fernando (University of Chicago) Andersen Torben (Northwestern University) Baliga Sandeep (Northwestern University) Banerjee Abhijit V. (Massachussets Institute of Technology) Barankay Iwan (University of Pennsylvania) Barry Brian (University of Chicago) Bartkus James R. (Xavier University of Louisiana) Becker Charles M. (Duke University) Becker Robert A. (Indiana University) Beim David (Columbia University) Berk Jonathan (Stanford University) Bisin Alberto (New York University) Bittlingmayer George (University of Kansas) Boldrin Michele (Washington University) Brooks Taggert J. (University of Wisconsin) Brynjolfsson Erik (Massachusetts Institute of Technology) Buera Francisco J. (UCLA) Camp Mary Elizabeth (Indiana University) Carmel Jonathan (University of Michigan) Carroll Christopher (Johns Hopkins University) Cassar Gavin (University of Pennsylvania) Chaney Thomas (University of Chicago) Chari Varadarajan V. (University of Minnesota) Chauvin Keith W. (University of Kansas) Chintagunta Pradeep K. (University of Chicago) Christiano Lawrence J. (Northwestern University) Cochrane John (University of Chicago) Coleman John (Duke University) Constantinides George M. (University of Chicago) Crain Robert (UC Berkeley) Culp Christopher (University of Chicago) Da Zhi (University of Notre Dame) Davis Morris (University of Wisconsin) De Marzo Peter (Stanford University) Dubé Jean-Pierre H. (University of Chicago) Edlin Aaron (UC Berkeley) Eichenbaum Martin (Northwestern University) Ely Jeffrey (Northwestern University) Eraslan Hülya K. K.(Johns Hopkins University) Faulhaber Gerald (University of Pennsylvania) Feldmann Sven (University of Melbourne) Fernandez-Villaverde Jesus (University of Pennsylvania) Fohlin Caroline (Johns Hopkins University) Fox Jeremy T. (University of Chicago) Frank Murray Z.(University of Minnesota) Frenzen Jonathan (University of Chicago) Fuchs William (University of Chicago) Fudenberg Drew (Harvard University) Gabaix Xavier (New York University) Gao Paul (Notre Dame University) Garicano Luis (University of Chicago) Gerakos Joseph J. (University of Chicago) Gibbs Michael (University of Chicago) Glomm Gerhard (Indiana University) Goettler Ron (University of Chicago) Goldin Claudia (Harvard University) Gordon Robert J. (Northwestern University) Greenstone Michael (Massachusetts Institute of Technology) Guadalupe Maria (Columbia University) Guerrieri Veronica (University of Chicago) Hagerty Kathleen (Northwestern University) Hamada Robert S. (University of Chicago) Hansen Lars (University of Chicago) Harris Milton (University of Chicago) Hart Oliver (Harvard University) Hazlett Thomas W. (George Mason University) Heaton John (University of Chicago) Heckman James (University of Chicago – Nobel Laureate) Henderson David R. (Hoover Institution) Henisz, Witold (University of Pennsylvania) Hertzberg Andrew (Columbia University) Hite Gailen (Columbia University) Hitsch Günter J. (University of Chicago) Hodrick Robert J. (Columbia University) Hopenhayn Hugo (UCLA) Hurst Erik (University of Chicago) Imrohoroglu Ayse (University of Southern California) Isakson Hans (University of Northern Iowa) Israel Ronen (London Business School) Jaffee Dwight M. (UC Berkeley) Jagannathan Ravi (Northwestern University) Jenter Dirk (Stanford University) Jones Charles M. (Columbia Business School) Kaboski Joseph P. (Ohio State University) Kahn Matthew (UCLA) Kaplan Ethan (Stockholm University) Karolyi, Andrew (Ohio State University) Kashyap Anil (University of Chicago) Keim Donald B (University of Pennsylvania) Ketkar Suhas L (Vanderbilt University) Kiesling Lynne (Northwestern University) Klenow Pete (Stanford University) Koch Paul (University of Kansas) Kocherlakota Narayana (University of Minnesota) Koijen Ralph S.J. (University of Chicago) Kondo Jiro (Northwestern University) Korteweg Arthur (Stanford University) Kortum Samuel (University of Chicago) Krueger Dirk (University of Pennsylvania) Ledesma Patricia (Northwestern University) Lee Lung-fei (Ohio State University) Leeper Eric M. (Indiana University) Leuz Christian (University of Chicago) Levine David I.(UC Berkeley) Levine David K.(Washington University) Levy David M. (George Mason University) Linnainmaa Juhani (University of Chicago) Lott John R.  Jr. (University of Maryland) Lucas Robert (University of Chicago – Nobel Laureate) Luttmer Erzo G.J. (University of Minnesota) Manski Charles F. (Northwestern University) Martin Ian (Stanford University) Mayer Christopher (Columbia University) Mazzeo Michael (Northwestern University) McDonald Robert (Northwestern University) Meadow Scott F. (University of Chicago) Mehra Rajnish (UC Santa Barbara) Mian Atif (University of Chicago) Middlebrook Art (University of Chicago) Miguel Edward (UC Berkeley) Miravete Eugenio J. (University of Texas at Austin) Miron Jeffrey (Harvard University) Moretti Enrico (UC Berkeley) Moriguchi Chiaki (Northwestern University) Moro Andrea (Vanderbilt University) Morse Adair (University of Chicago) Mortensen Dale T. (Northwestern University) Mortimer Julie Holland (Harvard University) Muralidharan Karthik (UC San Diego) Nanda Dhananjay  (University of Miami) Nevo Aviv (Northwestern University) Ohanian Lee (UCLA) Pagliari Joseph (University of Chicago) Papanikolaou Dimitris (Northwestern University) Parker Jonathan (Northwestern University) Paul Evans (Ohio State University) Pejovich Svetozar (Steve) (Texas A&M University) Peltzman Sam (University of Chicago) Perri Fabrizio (University of Minnesota) Phelan Christopher (University of Minnesota) Piazzesi Monika (Stanford University) Piskorski Tomasz (Columbia University) Rampini Adriano (Duke University) Reagan Patricia (Ohio State University) Reich Michael (UC Berkeley) Reuben Ernesto (Northwestern University) Roberts Michael (University of Pennsylvania) Robinson David (Duke University) Rogers Michele (Northwestern University) Rotella Elyce (Indiana University) Ruud Paul (Vassar College) Safford Sean (University of Chicago) Sandbu Martin E. (University of Pennsylvania) Sapienza Paola (Northwestern University) Savor Pavel (University of Pennsylvania) Scharfstein David (Harvard University) Seim Katja (University of Pennsylvania) Seru Amit (University of Chicago) Shang-Jin Wei (Columbia University) Shimer Robert (University of Chicago) Shore Stephen H. (Johns Hopkins University) Siegel Ron (Northwestern University) Smith David C. (University of Virginia) Smith Vernon L.(Chapman University- Nobel Laureate) Sorensen Morten (Columbia University) Spiegel Matthew (Yale University) Stevenson Betsey (University of Pennsylvania) Stokey Nancy (University of Chicago) Strahan Philip (Boston College) Strebulaev Ilya (Stanford University) Sufi Amir (University of Chicago) Tabarrok Alex (George Mason University) Taylor Alan M. (UC Davis) Thompson Tim (Northwestern University) Tschoegl Adrian E. (University of Pennsylvania) Uhlig Harald (University of Chicago) Ulrich, Maxim (Columbia University) Van Buskirk Andrew (University of Chicago) Veronesi Pietro (University of Chicago) Vissing-Jorgensen Annette (Northwestern University) Wacziarg Romain (UCLA) Weill Pierre-Olivier (UCLA) Williamson Samuel H. (Miami University) Witte Mark (Northwestern University) Wolfers Justin (University of Pennsylvania) Woutersen Tiemen (Johns Hopkins University) Zingales Luigi (University of Chicago) Zitzewitz Eric (Dartmouth College)

 

 

 

 

 

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