Janet Yellen, the newly nominated chief of the U.S. Federal Reserve, said this week that she'll press on with the Fed's unprecedented monetary stimulus until she sees a robust recovery. Meanwhile, President Obama backtracked just a bit on his socialization of American medicine, unilaterally deciding not to force insurance companies to pull the plug on millions of individual health policies after all-- at least until next year.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
But there are things that ordinary Americans can do to protect themselves from the next financial disaster, one that politicians are just biding time in the hopes of avoiding. They can transfer their household financial assets to real money, God's Money: gold and silver instruments that have withstood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual test are imminent for this generation of Americans.
That's Washington for you. In fact, this is exactly how politicians mark what they call "developmental steps." But ordinary Americans certainly know what they're seeing, and it is in many ways similar to a rearranging the deck chairs on the Titanic before the ship hits an iceberg. Sadly that is what appears to be a somewhat a suitable analogy for the fate of the once invincible United States.
All Yellen is telling the Senate in her confirmation testimony is that she sees nothing wrong with continuing the Quantitative Easing policy of her predecessor, Ben Bernanke, until she sees further signs of economic trouble. So she's unlikely to taper the Fed's $85 billion in monthly bond purchases any time soon.
Yellen knows that "QE" is one of the few props still holding up the teetering global economy and keeping it, for now, from falling into the abyss of crisis once again as it did five years ago. Just as Obama knows that he has no intention of letting up in his broad push to take over Americans' health care despite all the difficulties he has caused himself by his initial lies on the campaign trail about individuals being able to "keep your plan, keep your doctor" under Obamacare.
Americans may be stupid-- but they aren't stupid. They see all of this and it creates one huge hesitation in their minds and hearts about the nation's economic future, and their own financial future. That's why consumers aren't spending the way the pundits believe they should be with Obama in charge, and why business owners aren't hiring the jobless the way the sages believe they should be, and why members of the Millennial generation aren't buying anything but cell-phone apps the way everyone else believes they should be. The smart ones see their future-- and it looks dim.
But there are things that ordinary Americans can do to protect themselves from the next financial disaster, one that politicians are just biding time in the hopes of avoiding. They can transfer their household financial assets to real money, God's Money: gold and silver instruments that have withstood the test of time and are the only currencies guaranteed to stand whatever economic and spiritual test are imminent for this generation of Americans.
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Learn more about precious metal investing. Stop by Anne Trimble's site where you can find out all about gold and silver and what it can do for you.
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