Zero Hedge: There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment. The unofficial mandate that’s obvious to all is to prop up assets, especially the stock market, which has become the Fed’s preferred signifier of prosperity and the rightness/goodness of Fed policies.
The other narrative results from “following the money”: the Fed is owned by private-sector banks, and so behind the curtain of happy-talk (full employment, blah-blah-blah), the Fed’s only real agenda is to further enrich banks and too big to fail/jail financiers–something it has managed to do with remarkable success.
That the Fed inflated the 1999-2000 dot-com bubble and the 2005-2008 housing bubble is undeniable, as is the Fed’s 2008-09 bailout of the global financial system and too big to fail/jail mortgage originators and a vast array of other profiteering, embezzler-scoundrels.
The Fed’s zero-interest rate policy (ZIRP) and unprecedented quantitative easing monetary stimulus have pushed the Fed balance sheet, federal debt and systemic debt to heights that heretofore would have been inconceivable. Read More …
Opinion: When this balloon pops, there will be no one with any real money. All that will be left is devastation.
The last of the 21 Judgments of the tribulation period, the most severe of them all, is poured out on a Christ-rejecting world in Revelation 16:
“And God remembered Babylon the Great and gave her the cup filled with the wine of the fury of His wrath.”
What logical person who has ever managed a household budget doesn’t know that money printing and a mountain of debt has to end. This final (7th) judgment stresses how this series of judgments ends with a collapse of the world economic system and brings to an end God’s program of 21 judgments.
“After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory. And he cried mightily with a loud voice, saying, “Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird! For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury.” Revelation 18:1-3
Next up, the second coming of Messiah Jesus.