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Real Crash - by Howard

 
Time to rebuild the infrastructure in New York, NY and the USA. Need Glass-Steagall Act, water projects, space program. Need a change.

Federal Reserve Argues on Banks

August 26th 2010 11:54
Real Crash- Looking at Capitalism and its Laws:
Some people heading the 12 Federal Reserve banks are getting tired of the policy of constant hyperinflation to keep the big speculator banks open. The word is that a fight is now erupting inside this week's annual Jackson Hole economic summit of the Fed, whose host, Thomas Hoenig of the Kansas City Fed, has publicly dissented from Bernanke's hyperinflationary decisions at each of the last eight meetings of the Federal Open Market Committee. Yes Virginia, not everyone in government and business is on drugs, just some of them. Sources at that Jackson Hole gathering report that it is an extremely interesting one, especially its off-the-record discussions.

Lyndon LaRouche warns that if we don't get rid of this President (think a quick Dick Nixon treatment), you're not going to have a country. We're talking about very short term. "I think interpreting events is a mistake, because you're not interpreting the non-events, or the events which are happening but which are not being reported or not being referred to."

Returning to this topic, he added, later: "The break actually happened several weeks ago, and what you're seeing with this Jackson Hole meeting of the Fed, and things like that, is you're seeing reflections of the fact that anybody on the inside knows, without any statistical mumbo-jumbo, that this system is coming down fast." What it comes down to is that not only Pres. Obama has to go, but also the mad Fed Reserve chairman Bubbles Bernanke. As in a giant hyper-inflationary financial bubble.

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