10/4/09 The Fed And The Stimulus Package

Precious Metals Market Analysis, By Michael Pennington (Copyright 2010 Pennco Coins)

As stated above, the Fed is a private for-profit group of International Banks, whose main motivation is in providing profits for, and protecting the interests of, The International Bankers Cartel and related favored institutions, not in serving the needs of U.S. citizens. Thus it is not a surprise that those favored financial institutions are the very “folks” that the Bailouts of 2008 have been designed to protect.

It is important to reiterate why the bailout will not work to stabilize the financial system long-term – – the Economic Stimulus Package that The Fed recommended for all the households in the United States was only $150 billion – – peanuts compared to what the Fed is doing, repeatedly, for the Big Money Center Financial Institutions. The health of the Financial System and the U.S. Economy absolutely depends on the health of the middle-class Taxpayer. But those Taxpayers are over-indebted and, increasingly, unemployed or underemployed. Thus, given that U.S. Taxpayers are 70% of U.S. GDP, no Bailout can work which does not protect and restore the financial health of the U.S. taxpayer.
The absolute control the Fed is exercising over the markets now is rendering indicators, technical analysis, and feedback controls inoperative. Such an economy is doomed because it is based on fear and control, rather than supply and demand. Through many years of Mr. Greenspan’s term, he and his board learned the methodology of perfecting the controls over the price of Gold… It is now standard Fed procedures. Our only protection is owning gold and silver.

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