My response to a liberal applauding Obama's economic solution
Liberal: "We were heading for a major depression when Obama came into office. He put this country back on it's feet. Now we have a big mouth lunatic telling highly classified information to the Russians! WTF is wrong with everyone. That isn't about which party you are in, it's about the security of our nation. And Trump was so worried about Clinton's emails?? He is a liar and a traitor to our country."
Whenever one either credits or blames an administration for the state of the economy, one overestimates the control a president and/or his policies actually has. As most folks should know by now, the economy today isn't controlled by politicians, nor (unfortunately) by a free and open market, which we can define as the cumulative economic decisions of millions of individuals making choices as to where to put their resources to work.
Today's economy is totally controlled by the banksters, starting with the Fed and all the major banks such as JPM, Citibank, Wells Fargo, etc etc. This pattern of manipulation isn't limited to the States, either, but is worldwide. One need only look to the recent precipitous smackdown of precious metals in a time of nearly unprecedented demand coupled with short supply to see their meddling in action.
Obama didn't put the country back on its feet in the slightest, he simply green-lighted the banksters to re-inflate, using taxpayer-funded bailouts which doubled the national debt. This approach isn't limited to the Dems either, in case you feel I'm bashing Obama -- Reagan did the same damn thing back in his day, at that time *quadrupling* the national debt. If you or I or any private citizen attempted to salvage our personal economies using genned-up currency, we'd be arrested and convicted of counterfeiting, but when it's the government doing it, it's not only overlooked but applauded.
Obama was no master of the universe, and neither will Trump be, it's simply not in the cards for any administration to do what is necessary for our economy to get back on solid footing, because they don't control currency supply. As M.A. Rothchild said, "Give me control of a nation's money and I care not who makes the laws."
Lower interest rates and issuing government bonds just delays the effects of the recession until years into the future. Obama was a short-termist.
Upvoted and followed.
Yep. And this time around, with all that sovereign debt racked up since '08, and bubbles everywhere you look (Mike Maloney calls it "the everything bubble"), the Fed's quiver is all out of arrows. After years of QE, ZIRP, and a bond market dancing the edge of the cliff, there's no backing off from the precipice, and little hope for a soft landing this time. Buckle up, I'd say.
When this comes up in conversation, usually with persons not as studied as yourself, I always encourage folks to A) Follow the money and B) Think bigger. What I'm nudging them toward is the question: "Who controls the banksters?" You gave at least a partial answer with the M.A. Rothschild quote. Take a look (it's not hard if you have Google and a few hours to kill) at the directors and/or senior officers of the major Central Banks in the Western world. It's pretty well guaranteed that you'll find a Rockefeller or Rothschild progeny on those lists. Jeckyll Island was no different. The Rothschilds have been at this since the 16th century. They have it pretty well down.