For Real? Federal Reserve says to grow economy, provide cheaper mortgages to create more home owners

No, this is not an Onion article. No, this is not some sick joke. Yes, you read the headline correctly. In this week’s edition of The Silver Underground‘s Fed News Friday feature, we are actually reporting that the Federal Reserve’s recommendation to grow the economy is to expand the role of Fannie Mae and Freddie Mac “to provide cheaper mortgages to a broader pool of homeowners”(!)…  you know, just that policy that led to the housing bubble and the economic crash in the first place! Next thing you know, they’ll be recommending that a good way to save financial markets is to insure all these housing mortgages, then bundle up all of those insurance policies together to sell as securities to investment companies, and then further insure the Wall Street banks that buy these securitized mortgages with the assurances of taxpayer and printing press-funded bailouts. It all worked out so well for the economy before, it just has to work again, right!?

I actually had to check and double-check the date on the Reuters piece linked in the paragraph above to make sure I wasn’t reading some online syndication of an article published in the 1970s, 80s, or 90s. January fourth, twenty-twelve: the Federal Reserve recommends expanding the role of Fannie Mae and Freddie Mac to provide cheaper mortgages to a broader pool of homeowners?? Have they been paying attention at all? Are we supposed to take seriously any longer, the sacrosanct notion that these people are super-enlightened oracles of economics who understand things that are opaque to the rest of us common folk? It’s either very nearly the other way around, or else the people at the Federal Reserve are actually, consciously and maliciously behaving like evil nihilists or mercenary profiteers.

As President George W. Bush so wisely admonished in 2002: “There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.” Are the bureaucrats at the Federal Reserve really going to let themselves get fooled again by the fatal conceit that massive interventions in the housing market can grow the economy, improve prosperity, and raise standards of living? Were they ever fooled by the idea in the first place, or are they actually wise as serpents and greedy as we could expect elite power-brokers without transparency or accountability to be? In that case, are the American people and the politicians who represent them (lol) going to get fooled again? Surely not now, surely not so soon after the last housing bust which we are still suffering from, surely not at this point in history.

It’s like the dystopian future predicted in our upcoming animated film, The Silver Circle, is becoming all too real before my very eyes. In The Silver Circle, mere economic “adjustments” by way of massive economic interventions have grown into chronic and radical central planning of the economy by the bureaucrats at the Fed, who have formed The Strategic Housing Reserve to nationalize batches of formerly privately-owned housing across the country and stabilize housing prices by offering cheap housing and moving people in… and kicking people out when it suits the models and projections of the bean-counting bureaucrats.

Oh yes. In the book of Job it says that God giveth and God taketh away. When you ascribe magical, God-like powers to central economic planners like the power to “give” us wealth and prosperity at the mere stroke of an accountant’s pen, it only follows that your new “God” can take as well. Formulated differently in a quotation often attributed to Barry Goldwater: A government powerful enough to give you anything you want is also powerful enough to take it all away. Eerie isn’t it? And it’s not just fiction any more. It is very quickly becoming a reality. The American people, by increments throughout the decades, have given the government and the central banking establishment the power to give and take, a trend that has accelerated from incremental to exponential in the last three decades and a power that the establishment has been wielding with an increasingly heavy hand to take from hardworking Americans and give to the wealthy, well-connected corporations that pull its strings. This latest “solution” offered by the Federal Reserve shows that they are either maliciously and intentionally complicit in this massive theft, or else they are so spectacularly incompetent and dense that they couldn’t centrally plan their way out of a paper bag. Either way, they shouldn’t be managing your money…

And don’t forget to visit our official website to learn more about the Silver Circle Movie:http://SilverCircleMovie.com

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