Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
What UK CPI, RPI and REAL INFLATION Predict for General Election Result 2019 - 5th Dec 19
Supply Crunch Coming as Silver Miners Scale Back - 5th Dec 19
Gold Will Not Surpass Its 1980 Peak - 5th Dec 19
UK House Prices Most Accurate Predictor of UK General Elections - 2019 - 5th Dec 19
7 Year Cycles Can Be Powerful And Gold Just Started One - 5th Dec 19
Lib Dems Winning Election Leaflets War Against Labour - Sheffield Hallam 2019 - 5th Dec 19
Do you like to venture out? Test yourself and see what we propose for you - 5th Dec 19
Great Ways To Make Money Over Time - 5th Dec 19
Calculating Your Personal Cost If Stock, Bond and House Prices Return To Average - 4th Dec 19
Will Labour Government Plant More Tree's than Council's Like Sheffield Fell? - 4th Dec 19
What the UK Economy GDP Growth Rate Predicts for General Election 2019 - 4th Dec 19
Gold, Silver and Stock Market Big Picture: Seat Belts Tightened - 4th Dec 19
Online Presence: What You Need to Know About What Others Know About You - 4th Dec 19
New Company Tip: How To Turn Prospects into Customers with CRM Tech - 4th Dec 19
About To Relive The 2007 US Housing Market Real Estate Crash Again? - 3rd Dec 19
How Far Will Gold Reach Before the Upcoming Reversal? - 3rd Dec 19
Is The Current Stock Market Rally A True Valuation Rally or Euphoria? - 3rd Dec 19
Why Shale Oil Not Viable at $45WTI Anymore, OPEC Can Dictate Price Again - 3rd Dec 19
Lib Dem Election Dodgy Leaflets - Sheffield Hallam Battle General Election 2019 - 3rd Dec 19
Land Rover Discovery Sport Brake Pads Uneven Wear Dash Warning Message at 2mm Mark - 3rd Dec 19
The Rise and Evolution of Bitcoin - 3rd Dec 19
Virtual games and sport, which has one related to the other - 3rd Dec 19
The Narrative About Gold is Changing Again - 2nd Dec 19
Stock Market Liquidity & Volume Diminish – What Next? - 2nd Dec 19
A Complete Guide To Finding The Best CFD Broker - 2nd Dec 19
See You On The Dark Side Of The Moon - 2nd Dec 19
Will Lib Dems Win Sheffield Hallam From Labour? General Election 2019 - 2nd Dec 19
Stock Market Where Are We?  - 1st Dec 19
Will Labour's Insane Manifesto Spending Plans Bankrupt Britain? - 1st Dec 19
Labour vs Tory Manifesto Debt Fuelled Voter Bribes Impact on UK General Election - 30th Nov 19
Growing Inequality Unrest Threatens Mining Industry - 30th Nov 19
Conspiracy Theories Are Killing This Nation - 30th Nov 19
How to Clip a Budgies / Parakeets Wings, Cut / Trim Bird's Flight Feathers - 30th Nov 19
Hidden Failure of SIFI Banks - 29th Nov 19
Use the “Ferrari Pattern” to Predictably Make 431% with IPOs - 29th Nov 19
Tax-Loss Selling Drives Down Gold and Silver Junior Stock Prices - 29th Nov 19
We Are on the Brink of the Second Great Depression - 29th Nov 19
How to Spot REAL Amazon Black Friday Bargains and Avoid FAKE Sales - 29th Nov 19
Central Banks’ Gold Buying and Repatriation Spree - 28th Nov 19
Another Precious Metals’ Reversal Coming Right Up! - 28th Nov 19
Stock Market 100% Measured Moves May Signal A Top - 28th Nov 19
Don’t Look for Investing Advice in the Media - 28th Nov 19
Why You Should Buy Trailer Park Stocks - 28th Nov 19
Will YouGov General Election Forecast 2019 be as Wrong as their REAL Forecast was for 2017? - 28th Nov 19

Market Oracle FREE Newsletter

UK House prices predicting general election result

The Power Elite Bought the U.S. Presidential Election With Central Bank Printed Money

Politics / US Presidential Election 2012 Feb 16, 2013 - 06:28 PM GMT

By: Bill_Bonner

Politics

Today, on the Ides of February, we hold our hat in our hand... we bow our head... and let our mouth fall open in amazement. Our Lenten program of fasting, prayer and meditation is producing results. We are lightheaded from near-starvation and alcohol deprivation. But our thoughts are clear. Or else, we are hallucinating.

In the last two days, we've taken a look at what promises to be the biggest bust-up of all time.


It began in stealth when a small group of big bankers boarded an unlisted train in the middle of the night. They all knew each other. All were from powerful New York banking families. But they didn't even use their own names when talking to one another... so afraid were they that word of their meeting would leak out.

Then the strange little group traveled in complete secrecy to a small island compound off the coast of Georgia. There they could talk freely. But the conversation wasn't about hunting or sports... or politics... or religion.

It was about how they could change the way America – and the world – did business. Every transaction, every purchase, every sale, every salary, every bonus, every investment gain or loss would be affected. Everything would change.

Still operating in nearly total secrecy, they got Congress to pass a law on Christmas Eve, when few members of Congress were at work and almost no one was paying attention – a law that would put vast new power in their hands. It must have been a bit like Obama's health care plan. It changed everything. But few people read the law before voting on it... and almost no one knew what it would mean.

Land of the Law

Now – 100 years later – not only is it the law of the land, but we have become the Land of the Law. That is to say, this new law changed the way we keep score in life... in business... in investing. It also changed the face of the country. We are now a nation shaped by paper money... formed by easy credit and activist bankers... built on a dollar of no sure value.

It is a system that allows people – especially those in the federal government – to spend money they don't have on things they don't need and can't afford. More important, it makes it possible for them to transfer vast sums of money... and massive new powers... to themselves.

It is that system that has kept the typical workingman's wages flat for the last 40 years. (Easy money and nearly unlimited credit allowed Americans to buy what they needed from overseas manufacturers... and never have to settle up on the bill.)

It is this system, too, that is responsible for electing presidents – such as Barack Obama, who, without the support of this banking cartel, would never have won the election in 2012.

Americans go to the polls. They think they decide who runs the country. But the real decision was made long ago. The real decision makers are people whose names few people know. If they decide to dump a president, his chances of reelection plummet. If they decide to stick with him – as they did with Obama – he is a near shoo-in.

The Fix Was In

Do you remember? Just a few months before last year's election, stocks and houses were sinking and Obama was running behind in the polls. And then things started going his way. His numbers started to look better. Housing began to stabilize. The stock market headed back up.

What happened?

The elite bankers – operating through the central bank that they own and control – announced more "stimulus." And now they're committed to a program of "QE to Eternity." As long as it takes. As much as it takes.

What did this mean, really? It meant that the Fed was printing money and giving it to its own cartel members. It didn't go to mom-and-pop businesses. It didn't go to struggling households. It didn't go to Rogue Economists.

No, it went to the big financial interests, the successors to the same fellows on the train 100 years ago: the movers and shakers in the financial world... the elite... the rich... the 1%. And it – more than anything else – determined the outcome of the 2012 election.

The popular press rants and raves about "the rich." But it has no real idea what is going on. The media think the Fed is trying to stimulate the economy. They're all for it. More money. More stimulus. More power to the activists.

But look what happened. The press reported a "recovery" in housing. There was no such thing going on – not really. Instead, as revealed in this space, the big money was getting money (at virtually no cost, thanks to the Fed's zero interest rate policy) and using it to buy houses. Ownership was passing from the little guys to the big guys, from Main Street to Wall Street.

Well-financed players were buying up hundreds of thousands of houses. Yes, they were putting a floor under prices. But they were also shifting more wealth from Middle America to the top of America.

And then Barack Obama – buoyed by a strong stock market... bottoming-out housing prices... and phony employment and inflation numbers – appealed to the little guy for his vote!

The whole show was breathtaking. The election was bought for him by the richest, most elite elements in the nation. And it was paid for with money that cost them nothing.

Bill Bonner
The Daily Reckoning

Bill Bonner [send him mail] is the author, with Addison Wiggin, of Financial Reckoning Day: Surviving the Soft Depression of The 21st Century and Empire of Debt: The Rise Of An Epic Financial Crisis and the co-author with Lila Rajiva of Mobs, Messiahs and Markets (Wiley, 2007).

http://www.lewrockwell.com

    © 2013 Copyright The Daily Reckoning, Bill Bonner - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules