NaturalNews I’ve been pondering this topic for weeks, trying to find the words to communicate the full impact of this realization to which we are all increasingly awakening. Everything is rigged… the stock market, the news, the food, your taxes, public schools, the health care system, and on and on. Even Lance Armstrong’s cycling victories were all apparently rigged with doping, we’re now finding out.But what do I mean by "rigged" specifically? All these systems and industries are rigged to cheat you, to suppress you, and ultimately to suppress your human potential.
President Obama is a failure as a president, and Gov. Romney is a failure as a candidate.
When he took office, Obama told the press that if he couldn’t cure the economic mess he inherited from President George W. Bush in four years, he wouldn’t deserve a second term. I guess he didn’t anticipate making the mess worse.
When he took office, the federal government owed $11 trillion to its creditors; today it owes $16 trillion. When he took office, gasoline was running about $1.85 a gallon and today costs about $3.85 a gallon. This is price inflation that he directly caused by flooding the markets with cash, and that directly harms the middle class and the poor. Unemployment has remained north of 8 percent throughout his presidency for those still looking for a job, and about 16 percent if you count all able-bodied out-of-work adults, half of whom have stopped looking for work on his watch.
Federal Reserve Chairman Ben Bernanke is determined to push mortgage rates to record low levels and he is encouraging the banks that the Fed regulates to make home loans more freely. Wait a second – isn’t that exactly what caused the last housing bubble? After 9/11, the Federal Reserve slashed interest rates and this caused mortgage rates to steadily fall. Financial institutions were urged to help "expand home ownership" in America, and many of them started making home loans to people who never, ever should have gotten home loans. When mortgage rates started to go back up, millions of families with adjustable rate mortgages discovered that they could not make their monthly payments. Mortgage delinquencies absolutely soared and large numbers of mortgage-backed securities suddenly turned into garbage. So what is the Fed doing about it? The Fed recently announced another round of quantitative easing in which it will buy 40 billion dollars worth of these mortgage-backed securities a month. Essentially the Fed is clearing the bad financial paper out of the system and is creating the conditions for another housing bubble. But will we really fix our problems by going back and doing the same things that got us into trouble in the first place?