http://economywatch.msnbc.msn.com/_news/2012/05/14/11700520-jpmorgan-losses-revive-worries-that-washington-is-unable-to-regulate-wall-street?lite

The problem, it seems, is that the banks, of course, want little or no regulation from the federal government, and in so doing, left open a loophole for JPMorgan to crawl through, leading to this enormous trading loss.

http://www.nytimes.com/2012/05/12/business/jpmorgan-chase-fought-rule-on-risky-trading.html?_r=1

It has been discussed in this blog, as well as being reported on by others, that if there is a repeat of 2008, the Federal Reserve will be helpless with interest rates still perched near zero. Of course, if there is no repeat of the 2008 crisis, then we're still in troubled waters, thanks (at least in part) to the Fed's counter-measures for fighting that crisis 3 1/2 years ago.

http://money.msn.com/bill-fleckenstein/post.aspx?post=6f26569b-6654-4f71-8bb6-6095a58da9dc

The book, "The Coming Collapse of the Global Economy" points out in one of its chapters, "Sadly, it is a game..."

Jon [Stewart] pointed out that we had been sold the notion that 401(k)s were safe, long-term investment strategies, while there was apparently a clandestine market where huge sums of money were quickly traded in dangerous, unethical manners, and that it felt to those who had invested in the safer, long-term market that the pension plans and paychecks of the American labor force were financing this game behind closed doors. Stewart noted that the investment bankers, etc., lost everyone’s hard earned savings and destroyed everything in their path, while making themselves rich, and walking away unscathed. Jon then made this interesting point about what truly is valuable: Real value is work, not get-rich-quick schemes.

Think of it this way: When Americans who were ready to retire into their golden years lost their retirement savings through the devaluation of their 401(k)s and pensions it wasn’t really money that was lost. These Americans now have to continue slaving for survival. What has been lost is part of their lives, not only that portion of which they had already worked, putting away part of their earnings for retirement, but also that part of their lives which was supposed to be for relaxation after retirement, but now will be used to continue working in order to make ends meet.

$2+ billion in trading losses quickly led to $15 billion in investor losses as the value of JPMorgan Chase's stock plummeted. One of these times, a "mistake" like that won't stop with just the stockholders losing money, collapsing the entire system like a row of dominoes, with the Fed watching, powerlessly, by the sidelines.

For a detailed discussion on how this could come about, why it is even possible, and how to possibly not only survive such a scenario, but also to avoid it altogether, purchase the 124 page paperback edition of "The Coming Collapse of the Global Economy". It is available in paperback for only $8.95 + shipping...

https://www.createspace.com/3672267

Or, you can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

http://www.amazon.de/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060494&sr=8-1

http://www.amazon.fr/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1319683911&sr=8-1

http://www.amazon.it/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296782&sr=8-1

http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://economywatch.msnbc.msn.com/_news/2012/04/26/11412043-congress-steering-us-economy-toward-a-fiscal-cliff?lite

The difference between the current situation and the economic turmoil of 2008 is that this time around the Fed would be powerless to counter it. For example, the Fed's interest rate is still sitting near zero, as it has been for the past few years.

But Americans don't have to wait until year's end for things to get worse. Even now, the recent optimism regarding the U.S. economy is beginning to show itself to be just that: optimism. The New York Times recently stated that the most recent jobs report, reflecting an addition of 115,000 jobs last month and a tenth of one percent drop in unemployment to 8.1%, is not a reflection of healthy economic growth. The number of jobs added was a disappointment. Additionally, the drop in unemployment was due less to the additional jobs than it was the more than 340,000 Americans giving up altogether and not being counted as part of the work force any longer.

http://www.nytimes.com/2012/05/05/business/economy/us-added-only-115000-jobs-in-april-rate-is-8-1.html

On page 82 of the book, "The Coming Collapse of the Global Economy", our current situation is compared to a summation of the chapter "Crunching the Numbers"...

Therefore, the deeper we look into what is really necessary, the more we can surmise that only needing about 4/5 of the jobs that are currently worked, in order to keep this nation on the status quo in a world without economic systems, is not a stretch at all. In fact, that appears to be much higher than what would truly be necessary.

Just two pages earlier, we find this statement...

Thus, in spite of what we are told by economic experts, the government and the media, by altering our view of economics we can see that our nation does not need to create more jobs for the unemployed, because without an economic system to enslave us, fewer jobs are actually required for life to go on as it is; therefore, what we truly need is to eliminate the illusion of economics, not create more employment opportunities.

For a detailed discussion on how such an evolutionary jump in humanity's way of thinking and living, freeing us from economic recessions, depressions, hyperinflationary episodes, collapses and overall slavery to these systems, can be achieved, purchase the 124 page paperback edition of "The Coming Collapse of the Global Economy". It is available in paperback for only $8.95 + shipping...

https://www.createspace.com/3672267

Or, you can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

http://www.amazon.de/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060494&sr=8-1

http://www.amazon.fr/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1319683911&sr=8-1

http://www.amazon.it/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296782&sr=8-1

http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://www.nytimes.com/2012/03/01/business/energy-environment/tensions-raise-specter-of-gas-at-5-a-gallon.html

The Times points out that we're only about $1.25 away from that, on average, across the nation. Not only are increased demand in places like China driving prices higher, but also the driving habits of Americans typically change in the summer, increasing demand even further.

The article goes on to say that, according to Michael C. Lynch, president of Strategic Energy and Economic Research, it's quite possible to see a quick spike of roughly half a dollar if tensions between Iran and Israel escalate, no matter which nation fires first. And fears are on the rise of just such a scenario.

http://openchannel.msnbc.msn.com/_news/2012/02/28/10534518-fears-grow-of-israel-iran-missile-shootout

The recent trend toward economic optimism may just be a flash in the pan, after all. In spite of encouraging unemployment figures posted by the Bureau of Labor Statistics, MSNBC points toward information released by Reuters stating that, when adjusted for inflation, Americans' income actually fell recently, due in large part to the recent surge in the cost of gasoline.

http://www.msnbc.msn.com/id/46587567/ns/business-stocks_and_economy/t/incomes-rise-gas-prices-rents-do-too/#.T1BSy3m4S58

The Obama administration did nothing to ease the swelling budget deficit during the president's first two years in office, and has been at a stand off with house Republicans since. On the other side of the coin, however, as the November presidential election draws closer, Republicans seeking the White House haven't shown much ability in creating a sound economy either. Economic proposals from 3 of the 4 Republican candidates would do damage similar to the Obama administration, also creating a larger deficit.

http://money.cnn.com/2012/02/23/news/economy/gop_candidates_deficits/index.htm

Only Libertarian-leaning Congressman Ron Paul (R-Texas) has a plan that would actually improve the economy. Understandably, according to Rasmussen's recent poll, Ron Paul would defeat Barack Obama come November.

http://www.thestatecolumn.com/articles/2012/02/28/poll-ron-paul-bests-obama-for-the-first-time-nationally/

Dr. Paul recently grilled Federal Reserve Chairman Ben Bernanke on Capitol Hill, and pointed out (as he always has) that sound money is a means to achieving a sound economy. Congressman Paul also pointed out that an inflated dollar now buys less gasoline than it did in 2006, when Bernanke took over as Chairman of the Fed, but an ounce of silver, which would have purchased 4 gallons of gasoline then, now purchases 11 gallons.

http://www.thestatecolumn.com/articles/2012/02/29/ron-paul-grills-ben-bernanke-calls-for-return-to-gold-standard/

http://bottomline.msnbc.msn.com/_news/2012/02/29/10541231-coin-waving-ron-paul-goes-after-bernanke-on-inflation

Not surprisingly, although some choose to be optimistic, Bernanke recently stated that the Federal Reserve will keep interest rates near zero, only stating that those plans might change next year because things may get better economically, but if so, even that won't be for a while. Every so often they also have appeared cautiously optimistic since 2008, only to change their tune once again when reality doesn't meet those expectations, which is why the Fed rate is currently slated to remain the same until late in 2014, that date having been pushed back multiple times since they initially set that mark.

http://bottomline.msnbc.msn.com/_news/2012/02/29/10539522-bernanke-stands-by-plan-to-keep-record-low-rates

In the book, "The Coming Collapse of the Global Economy", pages 41-42, Bernanke's statements made while a Federal Reserve Board Governor, years prior to taking the helm of the Fed, are noted as being eerily reflective of our current situation...

This should come as no surprise with Ben Bernanke at the helm of the Federal Reserve. The Fed Chairman is following policies that were laid out well in advance and that are reflected in a speech given by Bernanke while he was a Federal Reserve Board Governor in 2002. In that speech, he pointed toward the use of the printing press (and/or its electronic counterpart) that essentially allows the Fed to produce as many Federal Reserve Notes as it wishes, in effect, creating money out of thin air. By increasing cash in circulation, or even by threatening to do so, he noted the ability to reduce the value of the Federal Reserve Note in terms of goods and services (inflation). He believes the increase of currency in circulation would increase spending among the public, and thus create what Bernanke regarded as positive inflation, even when, as has recently been the case, the Fed’s policy rate can go no lower. Oddly, in that very same speech he pointed out that an alchemist would essentially make gold worthless by being able to create as much as he desired, or even threatening to do so. Therefore, turning up the printing presses makes the Federal Reserve Note equally as worthless on the market as a commodity such as gold would be if an alchemist could create the yellow metal out of thin air.

It is of interest to note here too, that it seems apparent from Bernanke’s comments that central banks encourage inflation, meaning that, even in times of modest inflation, controlled by monetary policies as it has been in the past, when your paycheck is steady, your relative income will always be falling, as the value of your paycheck in terms of Federal Reserve Notes will constantly lag behind the relative rising cost of goods and services.

Getting back to the subject of hyperinflation, keep in mind, the Federal Reserve’s recent expansion of money isn’t being used to create a solid economy, but rather, in Chairman Bernanke’s opinion, to encourage consumers to spend more money simply because there is more currency to spend, regardless of the fact that this money is more inflated, and therefore purchases less than it did.

It is also worthy to note that the Fed Chairman believes that the great depression was a result of the Federal Reserve’s contractionary monetary policies of that time period. In our current situation, the Federal Reserve has gone completely in the opposite direction. In an attempt to avoid a replication of the Great Depression, the Fed’s response to counter the most recent recession has been to use the basic cause of hyperinflation.

Are we heading toward hyperinflation, or is there a way out, as Congressman Ron Paul states, if we return to the practice of using sound money and sound economic policies? And if Ron Paul is correct, and isn't elected, what then?

Questions such as these and other problems and solutions are discussed in the 124 page paperback edition of "The Coming Collapse of the Global Economy". It is available in paperback for only $8.95 + shipping...

https://www.createspace.com/3672267

You can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

http://www.amazon.de/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060494&sr=8-1

http://www.amazon.fr/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1319683911&sr=8-1

http://www.amazon.it/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296782&sr=8-1

http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://firstread.msnbc.msn.com/_news/2012/01/25/10237484-nbcwsj-poll-obama-benefits-from-growing-economic-optimism

Perhaps the optimism in the NBC/WSJ poll would be much less so, if people took a deeper look.

For example, if that economic data is indeed positive, then why did the Federal Reserve today state that they will not raise interest rates until at least late in 2014? In fact, they have downgraded their assessment of the economic landscape since just last month, when they announced they would not raise interest rates until the middle of 2013, about a year and a half sooner than they are now forecasting. In effect, the Fed is stating that while in December they expected to see positive results within a year and half, now, just a few weeks later, they are expecting it to take twice that long.

http://bottomline.msnbc.msn.com/_news/2012/01/25/10234720-federal-reserve-says-no-rate-hikes-until-at-least-late-2014

Meanwhile, the World Bank cut its economic growth forecast for the United States from 2.9% to 2.2%, and warned of a potentially dangerous global economic situation, worse than what befell the economy in 2008, if the Euro Zone didn't get a handle on their own debt crisis. No nation would be spared in the event of a major crisis, their chief economist, Justin Yifu Lin, indicated, while emphasizing that the global economy was entering into an uncertain and dangerous phase. These statements were released less than a week ago.

http://www.msnbc.msn.com/id/46036397/ns/business-stocks_and_economy/#.TyBjz4GGDxX

So, while everyday Americans are hopeful, the experts are pessimistic. Perhaps, as I stated earlier, if people would look deeper, they would see things less optimistically, especially upon discovering that the entire economic system is illusionary. For example, with regard to the situation in 2008, the book "The Coming Collapse of the Global Economy" states this on pages 16 and 17...

The following information comes from the Federal Reserve Bank of New York’s website, dated June 2008. As of December 2007, the total amount of cash in circulation (American coins and currency in the hands of the public) totaled $829 billion. However, over half of that currency in circulation was outside of our nation’s borders. That amount had risen rapidly over the previous few decades, primarily due to overseas demand for our currency, although recently there has been a frightening suggestion overseas to demand another currency to replace the dollar as the world’s reserve currency.

An even more disturbing thought for your consideration is that if there was only $400+ billion of American currency circulating in the United States during December of 2007, where did the $700 billion that taxpayers were on the hook for, with regard to the bank bailouts, come from, roughly three-quarters of a year later?

A deeper look at the problems and solutions can be obtained by reading "The Coming Collapse of the Global Economy". It is available in paperback for only $8.95 + shipping...

https://www.createspace.com/3672267

You can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

http://www.amazon.de/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060494&sr=8-1

http://www.amazon.fr/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1319683911&sr=8-1

http://www.amazon.it/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296782&sr=8-1

http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://bottomline.msnbc.msn.com/_news/2011/12/05/9225158-europe-has-new-debt-plan-and-lots-of-familiar-obstacles

While leaders have a schedule of events in place in order to try to overcome the problems of the weaker economies, such as Greece, Friday the 13th has proven unlucky for the Euro Zone as S&P has already started the downgrades, with more looming on the horizon.

http://uk.reuters.com/article/2012/01/13/uk-eurozone-events-factbox-idUKTRE80C1IS20120113

http://www.huliq.com/10559/s-p-downgrades-france-europe-braces-more-downgrades

http://www.msnbc.msn.com/id/45985510/ns/business-world_business/#.TxCidFaGDxU

http://www.reuters.com/subjects/euro-zone

http://www.msnbc.msn.com/id/45985510/ns/business-world_business/#.TxBxU1aGDxU

Already, European markets are being hit with fear.

http://www.reuters.com/article/2012/01/13/eurozone-idUSL6E8CD41320120113

And this crisis, while directly affecting nations of the European Union, will also have an effect upon the entire world's economies, as is already seen today on Wall Street.

http://www.nasdaq.com/article/us-stocks-fall-further-on-euro-zone-worries-jp-morgan-results-20120113-00588

As one possible extreme solution to the Euro Zone debt crisis, there has been talk of breaking up the European Union, but some experts say that such a move could prove catastrophic.

http://in.reuters.com/article/2012/01/06/soros-europe-idINDEE80503D20120106

They seem to be damned if they do, and damned if they don't. In the book, "The Coming Collapse of the Global Economy", the folly of all economic systems is exposed:

Money doesn’t create electricity to light and heat our homes. Money doesn’t create transportation. It doesn’t grow food, doesn’t make clothes, and doesn’t print books. Money doesn’t create anything but power for those who have it, while creating servitude to it among those who believe they cannot live without it, until it ultimately creates a catastrophe, as it has in every society that has seen its true worth. We are now experiencing the birth pangs of such a catastrophe, and, as detailed earlier in this writing, we have been lucky to have avoided experiencing global economic collapse, thus far. Just as you would in advance of a hurricane, be as prepared as you can be.

Solutions to the problems the world is currently facing that are caused by economics are discussed in the 124 page, paperback edition of "The Coming Collapse of the Global Economy", available for only $8.95 + shipping...

https://www.createspace.com/3672267

You can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

http://www.amazon.de/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060494&sr=8-1

http://www.amazon.fr/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1319683911&sr=8-1

http://www.amazon.it/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296782&sr=8-1

http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

"The committee also decided to keep the target range for the federal funds rate at zero to one-quarter percent and currently anticipates that economic conditions — including low rates of resource utilization and a subdued outlook for inflation over the medium run — are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013."

http://www.nytimes.com/2011/12/14/business/text-of-statement-by-federal-reserve.html?_r=1

The Fed appeared to be cautiously optimistic in its statement, which is nothing new for them, because, as stated in the book "The Coming Collapse of the Global Economy", they must do so in order to sell the notion of economic prosperity for a system that runs on consumer confidence. Also interesting to note, is this excerpt, from chapter 10 of that book...

Although these are rough figures based on general periods of time, add $1.5 trillion (created from September of 2008 through March of 2010) to $829 billion (already in existence at the beginning of 2008) and you have $2.329 trillion, which means, (without having figures for the first 8 months of 2008) the Federal Reserve roughly tripled the money supply in about a year and a half (from September 2008 to March 2010) from that December 2007 figure. Who knows how much more has been printed since then, but, if the Federal Reserve Bank of St. Louis website is indicative of the entire economic picture, the situation hasn’t improved. Recently, the Fed announced it will soon be printing new $100 bills. Coincidence?

This should come as no surprise with Ben Bernanke at the helm of the Federal Reserve. The Fed Chairman is following policies that were laid out well in advance and that are reflected in a speech given by Bernanke while he was a Federal Reserve Board Governor in 2002. In that speech, he pointed toward the use of the printing press (and/or its electronic counterpart) that essentially allows the Fed to produce as many Federal Reserve Notes as it wishes, in effect, creating money out of thin air. By increasing cash in circulation, or even by threatening to do so, he noted the ability to reduce the value of the Federal Reserve Note in terms of goods and services (inflation). He believes the increase of currency in circulation would increase spending among the public, and thus create what Bernanke regarded as positive inflation, even when, as has recently been the case, the Fed’s policy rate can go no lower. Oddly, in that very same speech he pointed out that an alchemist would essentially make gold worthless by being able to create as much as he desired, or even threatening to do so. Therefore, turning up the printing presses makes the Federal Reserve Note equally as worthless on the market as a commodity such as gold would be if an alchemist could create the yellow metal out of thin air.

It is of interest to note here too, that it seems apparent from Bernanke’s comments that central banks encourage inflation, meaning that, even in times of modest inflation, controlled by monetary policies as it has been in the past, when your paycheck is steady, your relative income will always be falling, as the value of your paycheck in terms of Federal Reserve Notes will constantly lag behind the relative rising cost of goods and services.

Getting back to the subject of hyperinflation, keep in mind, the Federal Reserve’s recent expansion of money isn’t being used to create a solid economy, but rather, in Chairman Bernanke’s opinion, to encourage consumers to spend more money simply because there is more currency to spend, regardless of the fact that this money is more inflated, and therefore purchases less than it did.

It is also worthy to note that the Fed Chairman believes that the great depression was a result of the Federal Reserve’s contractionary monetary policies of that time period. In our current situation, the Federal Reserve has gone completely in the opposite direction. In an attempt to avoid a replication of the Great Depression, the Fed’s response to counter the most recent recession has been to use the basic cause of hyperinflation.

So, while the Federal Reserve's current projection for inflation is "subdued", the fact is that they will have to deal with the problem of runaway inflation at some point, because the Fed's printing presses have been producing Federal Reserve Notes at an astounding rate over the past few years, however, not for the purpose of creating a solid economy, but simply to avoid a repeat of the Great Depression.

Regardless, even if the Fed were correctly seeing the economic landscape with this particular report (something they have failed at in recent years), and if, through some means, they were able to control inflation without a hyperinflationary episode, that still does not mean that all is well, or is going to be, due to factors outside of the control of the Fed's monetary policies, e.g., the European debt situation (which has been hitting Wall Street extremely hard these past few days), etc.

http://bottomline.msnbc.msn.com/_news/2011/12/13/9420052-fed-battling-economic-forces-beyond-its-control

Hyperinflation, the Federal Reserve's recent monetary policy decisions and the solutions to these economic quandaries and more, are discussed in the 124 page, paperback edition of "The Coming Collapse of the Global Economy", available for only $8.95 + shipping...

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The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://www.washingtonpost.com/blogs/2chambers/post/boehner-suggests-supercommittee-trigger-could-be-undone/2011/11/30/gIQAcTgJDO_blog.html

But, balancing our federal budget in itself will not keep our economy from worsening. There are numerous other problems looming on the horizon. For example, the nation's unemployment rate dropped to its lowest level since 2009, not because of a healthy economic situation, however, but because the economy has been so bad for so long, over 300,000 Americans left the workforce out of sheer frustration, and in so doing, are no longer counted among the "unemployed".

http://money.msn.com/top-stocks/post.aspx?post=e870b663-1471-467f-adc5-318f6cd40ea7

Additionally, the problem is not limited to the United States. The European Union, for example, has debt problems of its own to correct.

http://bottomline.msnbc.msn.com/_news/2011/12/05/9225158-europe-has-new-debt-plan-and-lots-of-familiar-obstacles

Political and economic leaders from around the globe are becoming increasingly frustrated and frightened, as people throughout the world are left helplessly looking toward political leaders to provide lasting solutions.

President Ronald Reagan, in his "Address to the Nation on Federal Tax Reduction Legislation" of July 27, 1981, stated, "This is not the time for political fun and games. This is the time for a new beginning. I ask you now to put aside any feelings of frustration or helplessness about our political institutions and join me in this dramatic but responsible plan to reduce the enormous burden of Federal taxation on you and your family."

http://www.reagan.utexas.edu/archives/speeches/1981/72781d.htm

In spite of the gloomy economic outlook in these uncertain times, it is possible for humanity to enjoy productive lives, free from economic fear, taxation, unemployment, debt, and more. A new beginning is waiting to unfold for us all, as described in the book "The Coming Collapse of the Global Economy."

The 124 page, paperback edition is available for only $8.95 + shipping...

https://www.createspace.com/3672267

You can read it on Kindle, in digital format. The cost is only $2.99...

http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

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The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892

http://blogs.marketwatch.com/specialreport/2011/10/25/the-1-nearly-triple-their-income-cbo-says/

Solutions to the problems that are created by such an uneven distribution of wealth are explored in the book, "The Coming Collapse of the Global Economy". The following is an excerpt from the book:

Chapter 24: One generation...

The ultimate goal, then, is to live as an autonomous society, rather than simply existing as though we were a frightened child, holding onto mother government’s apron string. Given that not having economic systems would take away abuses of power, thereby altering the dynamics of our federal, state, and local governments, the act of simply eliminating any form of economy would take us in the right direction.

We, the people, are the government in this country. We simply need to alter it in such a way, so it is able to meet its intended purpose, guaranteeing our individual liberties, which is impossible to attain with the specter of economic slavery hanging over us. Once again, to reiterate, without an illusionary economic system determining our individual and collective fates, government would become less and less necessary, so as to simply cease being, over time, as Thoreau pointed out.

Rather than a game whereby an economy (supposedly) runs on the principal of supply and demand (creating abundance for some at the expense of others), we can alter the rules of the game. We can create a world without economics, where we evolve as a species, and share what we have, for the benefit of all.

I’m sure that, collectively, society could stumble here and there as we learned initially to take our first steps without holding onto economic restraints. Within two decades, however, the world would have a generation of young adults who had never suffered a life of taxation, bailouts, recessions, debt limits, budgets, banks, big government, theft, greed, etc. Undoubtedly, having that advantage, they could offer fresh insight into making society without economic structures run more efficiently, thereby benefitting everyone.

All humanity today needs to do in order to make that possible is to get the ball rolling for the next generation.

The book, "The Coming Collapse of the Global Economy", is now in print. The 124 page, paperback edition is available for only $8.95 + shipping...

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http://www.amazon.com/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_4?s=books&ie=UTF8&qid=1313625316&sr=1-4

It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...

http://www.amazon.co.uk/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1316060351&sr=8-1

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http://www.amazon.es/Coming-Collapse-Global-Economy-ebook/dp/B005HK2IDA/ref=sr_1_1?ie=UTF8&qid=1323296771&sr=8-1

The best option is to be prepared in any event, especially when things can change drastically in a matter of days, or even hours...

http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1

http://www.ready.gov/

http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage

http://www.americanpreppersnetwork.com/

http://offgridsurvival.com/

http://www.survivalblog.com/

http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006

Feel free to "Like" the book, "The Coming Collapse of the Global Economy", on Facebook...

http://www.facebook.com/people/ComingCollapse-OfThe-GlobalEconomy/100003371133892