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Central Iran Desert Tour

The Fed has lowered the federal funds rate essentially to zero, and it's flooded the economy with hundreds of billions of dollars. Instead of putting it to work, the banks have taken the Fed's money and parked it: MarketWatch.

August 11, 2010 (Hamsayeh.Net) - Economists and officials of the world’s most indebted nation i.e. the US are absolutely convinced that the country’s economy is heading for yet another recession or may be depression soon.

According to MarketWatch, a leading financial publication, heavily oil-dependent US economy is right on the edge of the cliff while Obama and his economic team say there’s nothing else they could do to make the economy rebound.

In 2008 after the burst of real estate bubble, Obama introduced major government monitory incentives to prevent an all out economic collapse of a seriously corrupt system. ‘We were sicker than they thought, but instead of increasing the dosage or looking for a better medicine, they've declared us to be cured,’ MarketWatch reported.

Of major concern right now is a persistent lack of consumer confidence across America, which indicates that people  have lost faith in the economy altogether. Out of fear for the future, large banks and financial institutions simply stopped lending to private businesses in turn slowing down activities in all sectors of the economy.

Private businesses continue to layoff workers and in July alone nearly 140,000 people lost their jobs. US federal Reserve chief Ben Bernanke and other government gurus claim there’s a recovery just around the corner but without actually creating more jobs they label it as a ‘jobless recovery.’

The US has kept the interest rate for lending and borrowing at nearly zero percent, meaning theoretically large financial institutions could provide free money to qualified entrepreneurs and private business so they can create more jobs. Instead, banks avoid lending money to anybody except members of their own elite community comprising of Zionist affiliated individuals, large corporations, controlled media groups and certain military establishment. Still, Obama administration is zealously trying to export such a flawed system of governance, reminiscent of the ancient Egyptians with their habit of building useless but spectacular pyramids, to four corners of the world under the misleading guise of exporting democratic values.

There are reports that the normally cool, understanding and patient average Americans are loosing patience with Zionist affiliated gurus heading their country into ruins. They’re asking why despite such a bleak economic situation that exists inside the country, Obama keeps dispatching military ships and troops to numerous locations around the world, including to the Yellow Sea confronting China and North Korea, to the Caribbean against Venezuela, Cuba, Nicaragua and Ecuador, to the Persian Gulf against Iran, to Poland against Russia, to Somalia etc? In addition, nearly half million US troops are already engaged in futile wars in Afghanistan and Iraq for the past several years.

'There is one group that's still able to borrow: the federal government, which could fill the gap temporarily by directly employing idle people to fulfill some of those deferred dreams. They could teach the children, heal the sick, build the infrastructure, discover new drugs, and invent new technologies.' Market Watch cited in its editorial on Wednesday, adding, 'Unhappily, it's not going to happen.'

Obama administration is zealously trying to export such a flawed system of governance, reminiscent of the ancient Egyptians with their habit of building useless but spectacular pyramids, to four corners of the world under the misleading guise of exporting democratic values.

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