Barack Obama is the protégé of Zbigniew Brzezinski, the master geostrategist of the Establishment. With his puppet in place, Brzezinski will be able to carry out many of his wildest dreams, which includes a confrontational posture towards the powers of the East, Russia and China.
We Are Change Ohio confronted Obama in Berea, Ohio on August 5, 2008 in an effort to get real answers from this polished candidate. Obama provided an evasive and unimpressive answer to a question about the fiat currency system employed by the private Federal Reserve. After the session, Obama was also asked about Brzezinski’s 1997 book The Grand Chessboard, which lays out what has come to fruition during the past eleven years, including the establishment of a “widely perceived direct external threat” which would help propel the U.S. forces into capturing control of Central Asia.
Talk about a professionally dealt side-stepism, and its no surprise considering one of Obama’s endorsers:
Former Federal Reserve Chairman Paul Volcker, the latest big name to endorse Sen. Barack Obama
Volcker Joins List of Obama Backers
The fact is 95%+ of all Congress members are de facto Federal Reserve stooges or puppets, take your pick. The logic is quite simple: if a member of Congress doesn’t speak out against it then they’re willing participants. Or they’re too incompetent to even hold office. This rule also applies to any would be presidential candidates, but the difference here is people who have served in Congress have no excuse for not knowing the score. So from this point, for Obama, it becomes quite clear that his ambitions lie in the whole success story of being put into power by the ruling Establishment, rather than bent on any sort of selfless agent of change ideals.
See the gas prices adjusted for Federal Reserve driven inflation in the following graph (click):
Another thing we can thank the “Fed” for is the subprime housing bubble:
One of the few positive developments from the housing bubble is that many mainstream economists have recognized the pernicious role played by the Federal Reserve. Indeed, some analysts on CNBC have discussed the outright abolition of the Fed.
The case against the Fed is straightforward: In an attempt to jumpstart the economy out of recession, Greenspan slashed the federal funds target from 6.5% in January 2001 down to a ridiculous 1% by June 2003. After holding rates at 1% for a year, the Fed then steadily ratcheted them back up to 5.25% by June 2006. The connection between these moves by the central bank, versus the pumping up and popping of the housing bubble, seemed to be more than just a coincidence. On the contrary, it looked like a classic example of the Misesian theory of the business cycle, in which artificially low interest rates lead to malinvestments, which then require a recession to correct.
Did the Fed Cause the Housing Bubble?
The Black Agenda Report even chastises Obama over this issue:
Last year, forty-three states reported increased home foreclosure rates. … Nationwide, rates are nearing Depression-erahighs – ravaging working- and middle-class neighborhoods that fell prey to the soft sell and outright chicanery of predatory lenders in the heyday of thehousing boom. These lenders have targeted the most vulnerable – black and Latino borrowers have been twice as likely to receive subprime loans as whites; female homeowners, 30 percent more likely than male; black women, five times more likely than white men.
Wall Street apparently has come to a similar conclusion. Obama had received nearly $10 million in contributions from the finance, insurance and real estate sector through October, and he’s second among presidential candidates of either party in money raised from commercial banks, trailing only Clinton. Goldman Sachs, which made $6 billion from devalued mortgage securities in the first nine months of 2007, is Obama’s top contributor. When asked if Obama would hold these financial institutions accountable for losses incurred by homeowners and investors, his campaign refused to comment.
Ask Grandma what a “Dime Store” was. Dime stores used to sell everything for a dime. In the 90’s we had “dollar stores”. While there are many of these ‘still around’, they’re more along the lines of “Dollar General”. DG is a store that sells everything for great deals, but not everything is in fact $1. You can thank Federal Reserve driven inflation for this:
The upwards trend means the devaluation of the Dollar. That’s a devaluation of over 2000% since 1913. And the Federal Reserve is privately owned. Congress almost never exercizes any oversight, and the President is always subservient to it. That’s who or what really runs this nation.
It also grants the Congress a seemingly blank check for runaway spending. It is the primary reason they’ve managed to get US up to over $9.5 Trillion in national debt. From there you can also thank the Fed for the ongoing perpetual war machine and other woes such as poverty, epidemic drug abuse and crime. But Obama is a change-agent who is here to save all of the minorities.