"Financial Repression" or "Economic Repression":
Defined with a Warning
Compiled by
Victor Edward Swanson,
Publisher
The Hologlobe Press
Postal Box 5263
Cheboygan, Michigan 49721
www.hologlobepress.com
May 21, 2011
(Version 1.0)
(draft version)
copyright c. 2011
Note: The main text of this document was first posted on the Internet as a part of a document entitled T.H.A.T. #85, which focused on television, and T.H.A.T. #85 can be reached by using this T.H.A.T. #85 link, and I do urge you to see T.H.A.T. #85, since the document contains material that has ties to the material presented in this document.
In essence, local television newscasts are useless to the individual who wants to learn how Barack Obama is killing the country, and, mostly certainly, "conservative" radio talk-show hosts are much more valuable to the individual than television reporters and television anchors are, and let me show one good proof of that. On Tuesday, April 26, 2011, I was listening to the nationally syndicated radio show called The Mark Levin Show, hosted by Mark R. Levin, while traveling home from a hospital with someone who will soon have a total knee replacement operation. At one point in the program, Mark Levin talked about a topic--"economic represssion"--that is being discussed in the highest levels of the Barack Obama administration and in the business community, and he said: "...I'll prod everybody and get this going. It's called financial or economic repression. These are not phrases we're used to. Well, repression we're used to. I talk about it all the time. But financial or economic repression--this is a phrase or or term of art. There's a Federal Reserve press conference, which is new for Bernanke, to occur tomorrow afternoon. At that press conference, he is likely to take credit for the so-called Quantave Easing, Easing 2--Quantative Easing 2...." Mark R. Levin noted that QE2 will end in June, and that when the program ends, there could be market disruption, because what could happen is no one--such as China--will now buy our debt. Mark R. Levin also said: "...Financial or economic repression wouldn't be the term that they'd use. They may find a better term, like macroeconomics or macroprudential regulation. Whatever the bull crap language is! But their plan is to use various existing or new laws to allow the federal government to compel domestically regulated industries to ingest U.S. debt that nobody else will purchase! You heard me correctly! In specifics, our banks! You always hear these liberals talking about the lack of regulations. Lack of regulations? Ladies and gentlemen, we do not live in a free economy anymore, where there's a respect for private property rights, where there's a respect for somebody's assets! Everything's up for grabs now. So what is this financial or economic repression, where the government can force private banks, other financial institutions, mutual fund, so forth to take debt from the federal government? What does this mean? Well, let me talk about banks. If the Federal Reserve orders federally regulated banks to keep more reserves--that is to keep more cash on hand--that means they will have less money to make available to the private sector--to you. Now, why would they do that? Because the Federal Reserve will use that money instead of you to help finance the debt. What else might they do? They might quietly cap interest rates so that when you put your money in savings accounts and so forth, you'll continue to get some measly amount of money, even when there's inflation. Why? To help force the banks to have more cash in reserve so the federal government can use it. Also, they might direct the banks to allocate credit to certain firms and industries in order to set industrial policy. And they could do a lot more or try. So here we would have--the Federal Reserve Board, which really has no official place within our governmental scheme, rather than doing what it was supposed to do when it was first established, which is merely to ensure the stability of the dollar, now acting like another 'polit bureau.' We have all these 'polit bureaus' throughout our government now. So what would happen? What would happen is that the already limited availability of loans would be even further limited because the federal government would be gobbling up more and more of the cash, more and more of the reserves to lend itself money. You'd have an inefficient allocation of capital. You'd have an increased cost of money for you. You'd have lower interest rates if you're saving, you have a certificate, whatever. And you'd have a real drag--a further drag--on private-sector growth...." I note, for those of you who do not see the problems that could come, businesses, especially small businesses, would have a harder time getting loans, and businesses would not grow as well as they should so the creation of jobs would be repressed or depressed, and the federal government would keep spending and keep borrowing, and the cycle would go on and on till.... Welcome to the world of tyranny!
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Note: On the Internet, this document is known as: www.hologlobepress.com/finance.htm.
Note: This document--in this form--was first posted on the Internet on May 21, 2011.
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Plan or Pension Plan, which can be reached
by using this link: Pension.
For further reading, you should see the document
entitled Never Forget These Media Darlings ? --
A Guide for the Individual in the United
States of America, which can reached by
using this link: Media.
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entitled Film and Television Production
Tax Credits: The Bad Side of the Issue,
which can be reached through this link:
Tax Credits.
For further reading, you should see the document
entitled THOUGHTS AND STATEMENTS
ABOUT THE UNITED STATES OF
AMERICA for the individual woman and the
individual man, which can be reached by
hitting this link: Thoughts.
For further reading, you should see the document
entitled THOUGHTS AND PIECES OF
LOGIC for the individual woman and the
individual man, which can be reached by
hitting this link: Logic.
For further reading, you should see the document
entitled Political Lessons for the Individual Woman
and the Individual Man in the United States of
America, which can be reached by hitting this
link: Lessons.
For further reading, you should see the document
entitled Nonsense Statements and Quotations
of Barack Obama, which can be reached at
this link: Quotes.
For further reading, you should see the document
about censorship, Fairness?: A Guide for the
Individual Woman and the Individual Man
in the United States of America, which can be
reached at this link: Fairness.
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For further reading, you should see the document
entitled A Collection of Words--Just Words--
That Show Dangerous People, which can be
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