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Radical Fed Actions Destabilizing the Markets

Radical Fed Actions Destabilizing the Markets
(Dollar Photo Club)

By    |   Monday, 14 March 2016 09:17 AM

The near-riot caused by radical political groups in Chicago protesting the Trump rally reminds me of the fact that radical actions also take place in government. 

From the 1930s until 2016, Chicago has been a hotbed of the revolutionary movement. 

This time, it was against Trump and the Republicans.

In 1968, it was the Democratic National Convention.

Through the years, the radicals have opposed people having the freedom to make their financial choices.

Their quest is for the power to impose their version of an socialist economic system unhampered by free-market capitalism.

Among well-known Chicagoans who hoped to cause a socialist revolution was  Saul Alinsky, the author of Rules for Radicals.

His devotees like Bill Ayers, author of the manual for revolutionaries Prairie Fire, and Moveon.org, financed by George Soros, and assorted other socialist community organizing activists were front and center in the current Chicago confrontation.

These extremists believe that the United States’ economy—and that of the world- would be a better run if the economy was managed and directed by them.

Their idea is that government should b e operated by socialists-Marxist-communist-
Bolshevist elitists. As the elite of society, their belief is that they know how to rule over everyone else’s financial resources far more benevolently and altruistically than the people who merely work, save, and risk their capital.

To achieve their goal, they must foist a radical economic transformation on an otherwise unsuspecting populace and stifle even a hint of dissent.

What better way to take control of the economy of the United States and the world to create a new world order than starting at the top. 

Alinsky recognized that a violent revolution would fail. What he preached was a stealth strategy for the true believers in this radical economic view infiltrate the core institutions like academia and government bureaucracies.

What exactly is this radical economics?

Jane Hardy, in her article Radical Economics, Marxist Economics, and Marx’s Economics, described radical economics as:  “… a loose collective term for those who are critical of the method and prescriptions of mainstream neoclassical economics. This school of economics dominates is teaching in universities provides the “theory” and justification for neoliberalism and underpins the policies of global financial institutions such as the World Bank and International Monetary Fund.”

One financial institution stands out and dominates the world’s economy. It dictates global economic policy.

That institution is the Federal Reserve.

The Federal Reserve is run by neoliberal academics as is the World Bank, IMF, and virtually every other quasi-governmental and governmental financial organization, institution, department, and regulatory bodies.

Using their credentials as PhDs for credibility, they impose drastic monetary and fiscal measures disconnected from real world conditions from which they have no experience or connection.

Following the Alinsky model they have assumed dominate positions of power and have instituted their radical economic theories as the so-called new normal.

Jim Grant, the publisher of the Grant’s Interest Rate Observer, called out currency manipulation and interest rate manipulation. “The main driver of these manipulations, from the shadows and out of the mind of the public, are the actions of the Federal Reserve, which affects other central bank actions and much of the global market.”

According to  Grant: “83% of the world’s stock market capitalization is under the shadow of zero percent interest rates. And something more than $4 Trillion of sovereign debt yields nothing, or a little less. So, we can’t know exactly what valuations will be in the absence of these most extraordinary interventions, but I think we’d have a very different financial landscape.”

Grant called the Fed’s interventions a “virus of radical monetary policy.” And according to Grant, there’s no going back… their actions are pivotal to the entire marketplace… that amounts to free money for the biggest banks and massive worldwide economic manipulation.”

“To me, the substantive fact about the Fed is that is has been involved in the greatest protracted experiment in price control in modern times. Interest rates are prices that have been suppressed and manipulated and federally man-handled. And the consequences of the distortion of these critical prices called interest rates, these distortions are at every hand. But we can’t know the final consequences, but we can be pretty sure they will not be wholesome.”

“And to me, this virus of radical monetary policy is now coursing through the political bloodstream. There’s no going back, at least not for the medium term. The world has come to expect that the central bank will be there in force, in unprecedented ways, with the greatest improvisations come times of trouble. There will be trouble coming up, of course, there always are.”

Back in the 1960s, Milton Friedman proposed what was then considered a radical solution to the market’s instability.  His solution, among other suggestions, was to end the Fed.

The economy of the United States is in deep trouble. Cleary, the academics running the Federal Reserve have commitment bias and intend to double down on a policy-crippling the economy and financial security of all Americans.

I have not doubt in my mind that if our financial markets are to have any hope of stabilizing, it is time to end the Feds radical economic experiment by the simple expedient of ending the Fed.

Denis Kleinfeld is known as a strategic tax and wealth protection lawyer, widely published author and creative teacher. To read more of his articles, CLICK HERE NOW.

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The near-riot caused by radical political groups in Chicago protesting the Trump rally reminds me of the fact that radical actions also take place in government.
fed, economy, investors, actions
Monday, 14 March 2016 09:17 AM
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