Friday, December 18, 2015
1. NBC News recently stated that the Fed interest rate hike (.25%) "...is a sign that the economy is improving.". Nothing could be further from the truth. That action is a sign that: the Fed Reserve is recognizing it is increasingly losing credibility... and it is desperate. For decades, Fed central planners have been facilitating a massive transfer of wealth from the common people to the Upper Crust. As a result, the economic situation has been improving overwhelmingly only for the Rich and Powerful. At the same time, Fed interference in the Money Market has caused the rest of us to struggle mightily simply to keep our heads above water. The outright falsehoods put out by the Fed Gov't (at the highest levels) and regurgitated by the Corporate Media---regarding the unemployment rate, the price inflation rate, the jobs numbers, etc.---cannot belie the fact that we still are in a deep Recession, and heading for a Depression. [I've detailed why that's true in several previous posts.]
2. President Obama claims his ISIS Strategy is working, and that we will eventually "defeat ISIS". About 9,000 U.S. airstrikes in Iraq and Syria (never mind the airstrikes by other members of the "coalition") seem to have had little effect on ISIS, but plenty of negative effects on others--- the killing of innocent civilians, the creation of both refugees and more terrorists, and the destruction of civilian buildings. Chaos prevails. As to attacking ISIS sources of funding, good luck with that. ISIS is funded primarily by Arab billionaires... billionaires. If ISIS ever faces imminent "defeat", all they have to do is fade back into the woodwork... and live to fight another day. Military actions are not the solution to the problem, but they are a great distraction from our imploding economy at home. That has been done by governments for centuries. Manipulating a population in this way is nothing new.
3. A high Gov't official (can't recall who) recently stated that ISIS "has declared war on us". That may be true, but we should keep this fact in mind: "we" (i.e., our Gov't) attacked ISIS first, well before they did anything to anyone in the West...and that includes the brutal beheadings of Westerners. I'm not defending ISIS in any way...but facts are facts. Our Gov't once again stuck its nose into what basically is a civil war; "we" attacked ISIS in Iraq because they were getting close to some U.S. oil company operations there in the northern part of that country.
4. Our Gov't is not providing an SS COLA (Cost of Living Adjustment) for next year because "according to the Consumer Price Index [CPI], there was no price inflation this year"...so say SSA Officials. I guess those same officials did no grocery shopping or renting of housing this year...never mind the increase in the cost of OTC meds and various other commodities. It's true we're in a deflationary period now (e.g., crude oil, most metals, & some other commodities have gone down in price), but that doesn't apply across the board.
A side note regarding Social Security---
Since retirement from wage slavery in 2004, my primary source of income has been SS Retirement. Unlike some Americans (hopefully not a majority), I don't consider SS to be any type of "welfare". That money was taken out of every one of my paychecks for over 40 years for the express purpose of helping to provide for my retirement; I want it all back...every penny, and I don't want it stolen from me via inflation of the money supply (which results in commodity price inflation).
Some politicians claim there is no SS Trust Fund. Not true, there is one...since LBJ first did it, every Administration since then has raided that Fund & used the money for other purposes. Consequently, the SS Trust Fund is full of U.S. Gov't IOUs. That's why SS supposedly is in financial difficulty... no other reason.
Not only my opinion. Be Well