New BofA/Merrill Lynch Report Claims: “The World Is Developing An Inflation Problem”
* = Me.
*And, I’ll try to demonstrate how YOU, the middle class and the poor, are being taken advantage of, on purpose, by Obama, The US Treasury, The Federal Reserve and the investment banks who donated hundreds of millions to elect Obama. Their coordinated effort is brilliant and transparent if you’ll take fiv...e minutes to follow me…
*BofA Merrill Lynch economist Ethan Harris presented their economic concerns and Mathew Boesler of the Business Insider reported on the highlights…
“In the U.S., the unemployment rate has fallen as many workers ABANDON the labor market*, but it remains above almost any sensible measure of the inflation-neutral rate (NAIRU)," says Harris.
*For those of you who pointed to the drop in the unemployment rate as a logical reason to vote for Obama, THIS IS WHAT I AND OTHERS HAVE BEEN ATTEMPTING TO EXPLAIN. Just because the rate goes down, one must look into the WHY. In this case, it is NOT because people found jobs, as this report documents. They simply gave up looking, which dropped the unemployment rate.
“Rising commodity prices pushed up consumer price inflation around the world.” says Harris,
*Commodities are things like: Soybeans, Corn, Wheat, Oil, Pork Bellies, Milk, etc. Virtually everything you buy and consume from the grocery store is made up of; Corn, Soybeans and then Wheat, in that order. So, when commodities go up, along with oil, which drives gas prices, you feel it in the wallet. Investment banks, flush with cash from the Federal Reserve, are attempting to replenish their cash reserves they’ve lost due to the housing bubble they created. They can’t do this with a tax, which would cause riots. So, instead, the Fed Reserve, in coordination with the Obama Administration through the Treasury Department, give banks money, they in turn invest in commodities, which drive the prices you pay at the grocery store and gas station up, which gives the banks a return on their investment as they trade in commodities.
*Walla! A massive HIDDEN tax through Obama’s Treasury policies. THIS is what I’m trying to get people to understand. The rich are getting richer WITH OBAMA’S HELP. Had Obama allowed the big banks that donated hundreds of millions to elect him fail, the smaller more conservative banks would have picked up the pieces and made a killing. Instead, we’re witnessing the greatest robbery of wealth in the history of mankind and Obama is NOT dumb. To believe this is not orchestrated has got to be the most naïve thing you have ever believed.
“Many countries in Europe, including France as well as the periphery, need to go through an “internal devaluation” to improve their competitiveness," says Harris. "That is a polite way to say they need to cut wages and prices."
*America is NOT immune to this. I read into this that we need to allow free market forces, as difficult and at times cruel as they may be, to cleanse our system and allow for a new beginning.
*The repercussions of propping up prices by printing money and creating a false positive are what concerns me most. Even if their plan works, it is being done on the backs of you and I, the middle class and poor (By definition) and Liberlas and Democrats are the greatest fools of all as they are voting to make it happen.
* = Me.
*And, I’ll try to demonstrate how YOU, the middle class and the poor, are being taken advantage of, on purpose, by Obama, The US Treasury, The Federal Reserve and the investment banks who donated hundreds of millions to elect Obama. Their coordinated effort is brilliant and transparent if you’ll take fiv...e minutes to follow me…
*BofA Merrill Lynch economist Ethan Harris presented their economic concerns and Mathew Boesler of the Business Insider reported on the highlights…
“In the U.S., the unemployment rate has fallen as many workers ABANDON the labor market*, but it remains above almost any sensible measure of the inflation-neutral rate (NAIRU)," says Harris.
*For those of you who pointed to the drop in the unemployment rate as a logical reason to vote for Obama, THIS IS WHAT I AND OTHERS HAVE BEEN ATTEMPTING TO EXPLAIN. Just because the rate goes down, one must look into the WHY. In this case, it is NOT because people found jobs, as this report documents. They simply gave up looking, which dropped the unemployment rate.
“Rising commodity prices pushed up consumer price inflation around the world.” says Harris,
*Commodities are things like: Soybeans, Corn, Wheat, Oil, Pork Bellies, Milk, etc. Virtually everything you buy and consume from the grocery store is made up of; Corn, Soybeans and then Wheat, in that order. So, when commodities go up, along with oil, which drives gas prices, you feel it in the wallet. Investment banks, flush with cash from the Federal Reserve, are attempting to replenish their cash reserves they’ve lost due to the housing bubble they created. They can’t do this with a tax, which would cause riots. So, instead, the Fed Reserve, in coordination with the Obama Administration through the Treasury Department, give banks money, they in turn invest in commodities, which drive the prices you pay at the grocery store and gas station up, which gives the banks a return on their investment as they trade in commodities.
*Walla! A massive HIDDEN tax through Obama’s Treasury policies. THIS is what I’m trying to get people to understand. The rich are getting richer WITH OBAMA’S HELP. Had Obama allowed the big banks that donated hundreds of millions to elect him fail, the smaller more conservative banks would have picked up the pieces and made a killing. Instead, we’re witnessing the greatest robbery of wealth in the history of mankind and Obama is NOT dumb. To believe this is not orchestrated has got to be the most naïve thing you have ever believed.
“Many countries in Europe, including France as well as the periphery, need to go through an “internal devaluation” to improve their competitiveness," says Harris. "That is a polite way to say they need to cut wages and prices."
*America is NOT immune to this. I read into this that we need to allow free market forces, as difficult and at times cruel as they may be, to cleanse our system and allow for a new beginning.
*The repercussions of propping up prices by printing money and creating a false positive are what concerns me most. Even if their plan works, it is being done on the backs of you and I, the middle class and poor (By definition) and Liberlas and Democrats are the greatest fools of all as they are voting to make it happen.
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