{"id":114624,"date":"2017-10-12T12:49:19","date_gmt":"2017-10-12T16:49:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=114624"},"modified":"2018-06-01T15:55:37","modified_gmt":"2018-06-01T15:55:37","slug":"thanks-to-the-efforts-of-the-federal-reserve","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/thanks-to-the-efforts-of-the-federal-reserve\/","title":{"rendered":"Thanks to the Efforts of the Federal Reserve"},"content":{"rendered":"
October 12, 2017<\/div>
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By Money Metals News Service<\/b><\/p>\n

In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here<\/a>.<\/p>\n

A few lines from the song<\/p>\n

“On a dark desert highway, cool wind in my hair<\/p>\n

Up ahead in the distance I saw a shimmering light…<\/p>\n

Then I was thinking to myself this could be Heaven or this could be Hell<\/p>

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<\/div>\n

Welcome to the Hotel California<\/p>\n

Some dance to remember, some dance to forget<\/p>\n

They’re living it up at the Hotel California<\/p>\n

We are all just prisoners here of our own device<\/p>\n

Relax, said the night man, We are programmed to receive,<\/p>\n

You can check out any time you like but you can never leave.”<\/p>\n

The lines have been rewritten to fit the Federal Reserve – the hypothetical “Hotel Marriner Eccles:”<\/h4>\n

“On a dark digital highway, QE rewarding my pals<\/p>\n

Up ahead in the distance I saw a burning pyre of debt<\/p>\n

I was thinking to myself this should be Heaven but it’s Hell<\/p>\n

Welcome to the Hotel Marriner Eccles<\/p>\n

Some pontificate to remember, some lie to forget<\/p>\n

They’re living it up at the Hotel Marriner Eccles<\/p>\n

We are all just prisoners here of our own device<\/b><\/p>\n

Relax, said the chairman. We are programmed to deceive<\/p>\n

You can check out any time you like but you can never leave”<\/p>\n

Thanks to the efforts of the Federal Reserve:<\/h2>\n

\"Federal<\/p>\n

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  • US national debt in 1913 was $3 billion. Today it exceeds $20,000 billion. There is no plan to reduce or eliminate debt.<\/li>\n
  • Money supply has grown similarly. Debt has grown far more rapidly than the economy which must support the debt. This model is not viable in the long-term.<\/li>\n
  • The debt will never be paid in today’s dollars, and debt cannot increase forever.<\/li>\n
  • Hence the debt will default via outright repudiation or default via inflation. Both will be painful.<\/li>\n
  • Who in their right mind believes that an economy can solve an excess debt problem with more debt? The “powers-that-be” don’t want the excess debt problem solved – THEY WANT MORE DEBT!<\/b><\/li>\n<\/ul>\n

    Like the Hotel California, the debt based currency system lives on, and we can never <\/b>(without a traumatic reset) leave it.<\/b><\/p>\n

    Dishonest money created by politicians and bankers is profitable for the financial elite. It may look like heaven but it is HELL<\/b> for the poor and middle class. The elite want the economic skim to continue. The rest of us must protect ourselves. Gold and silver come to mind.<\/b><\/p>\n

    The econometric models that supposedly guide the Fed are reminiscent of that edited line: “Relax, said the chairman. We are programmed to deceive. You can check out any time you like but you can never leave.”<\/i><\/p>\n

    In the financial world, where actions eventually have consequences, debt is growing explosively, fiat currencies are continually devalued and currencies are issued by insolvent central banks and insolvent governments.<\/p>\n

    There will be a reckoning. The reckoning will be less traumatic if we are prepared:<\/p>\n

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    1. Understand the consequences of decades of bad monetary and fiscal policies.<\/li>\n
    2. Trust hard assets instead of promises.<\/li>\n
    3. Have gold and silver safely stored in a vault.<\/li>\n<\/ol>\n

      “We are all prisoners of our own devices.”<\/i><\/p>\n

      \n

      The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

      By Money Metals News Service In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here. A few lines from the song “On a dark desert highway, cool wind in my hair Up ahead in the distance I saw a shimmering light… Then I was thinking to myself this could be Heaven or […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114624","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=114624"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114624\/revisions"}],"predecessor-version":[{"id":114625,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114624\/revisions\/114625"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}