Tags: Creature from Jekyll Island

The Federal Reserve Refuses to Provide Names Requested by Congress in Probe

Screen Shot 2015-04-24 at 11.02.14 AM

Over the past week or so, I’ve written several posts highlighting the dangers of “public-private” partnerships. This is the preferred term being used by savvy members of the status quo to provide cover for their relentless pursuit of economic fascism. It provides a good soundbite, but in reality is nothing more than a license to loot and pillage with government backing. Here’s how I described the scam in the post, Meet Cyber P3 – The U.S. Military’s Public-Private Partnership to Create Corporate/Government “Cyber Soldiers.”

It makes perfect sense if you think about it. If you’re a large corporation, there’s nothing better than guaranteed profits; and there’s no better way to guarantee profits than by going into business with the one entity that can do this: government. On the other hand, if you are an ambitious and greedy politician, what better way to earn a fortune while ostensibly engaging in “public service” than by lining the pockets of big corporations, which will then line your pockets in return in various opaque ways. Extraordinary fees for speeches is one preferred way of doing this, as is the classic revolving door that gives the person a cushy corporate job after leaving government.

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

113 Federal Reserve Staff Members Make $250,000 Annually

Screen Shot 2014-10-17 at 2.14.18 PMJust in case you need another reason to dislike the thieving Federal Reserve. From Reuters:

(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.

Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke.

Read the Full Article »

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1


 Follow me on Twitter.

Chart of the Day: Inflation Since the American Revolution

As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970’s right after Nixon took the nation off the gold standard in 1971.  Since that time, America has seen a period of non-existent real wage growth and a huge gap grow between the rich and the poor.  Nothing like livin’ the debt slave dream!