Well Quantitative Easing 2 ended in July 2011 and at that time I blogged in ‘The So-Called End of Quantitative Easing (Money Printing)’ that QE 3 would be coming and it seems to have finally arrived. Don’t forget that the FED (Federal Reserve) has done economic stimulation since QE 2 with ‘Operation Twist’, wherein starting from September 2011 the FED started buying $400 billion worth of longer-term Treasuries (bonds with 6 to 30 years) in exchange for selling some of its shorter-term Treasuries (bonds with less than 3 years). The purpose of Operation Twist was to lower the longer-term Treasury yields in order to make it easier for people to borrow money for homes, cars, and projects and the FED could do this without printing new money.
In this new round of money printing, the FED has decided to purchase $40 billion in Mortgage Backed Securities [MBS] per month without an end date until the labour market (aka job growth) improves substantially and price stability is achieved. In the announcement, the FED also stated that it would continue Operation Twist the end of the year ($267 billion) and keep the federal funds rate (aka interest rate) between 0 to 0.25 percent atleast until mid 2015. Below you get a 90 second summary of the announcement and the reactions.
Well many have called it QE 3, while others have called it QE Infinity, which goes well with Marc Faber’s statement “QE 3 will come, and QE 4, QE 5, QE 6, QE 7, whatever you want. The money printer will continue to print, that I am sure.” Its not such a shocker to see what has happened with gold and silver after the announcement.
For most people beginning to wake up to the reality of how the world is and those beginning to search for alternative sources of news, they will no doubtebly come across the name Alex Jones. He was ranked number 1 in last year’s 10 Most Influential People in the Alternative Media (2011) and his audience has grown dramatically since I was first introduced to him in 2009. Most recently, Alex Jones has expanded his InfoWars operations with a new studio, daily nightly news bulletins, and news reporting. My first encounter with him was after I watched ‘The Obama Deception’, which was the first political documentary I had ever seen. I’ve watched a few of his most recent documentaries including ‘Fall of the Republic’, ‘Invisible Empire’, ‘Police State 4’, and ‘End Game’. I begin listening to his daily 2-hour radio shows but soon shifted to listening to his Saturday show, as alot of the material is geared towards people living in the USA, which luckily I’m not one of.
I see the greatest strength of Alex Jones’ InfoWars radio show is that he gives a platform for people who will normally not be given any airtime on the main stream news. Many of these voices are now great influences in the alternative media world and whenever I see an interview he’s done with someone I’ve been introduced to or on a topic I’d like to hear, I watch the interview on his youtube channel. People that I was introduced to from interviews on his show include Gerald Celente, Dr. Paul Craig Roberts, the late Robert ‘Bob’ Chapman, Jesse Ventura, and Mike Adams (aka the Health Ranger).
Some of the best interviews I’ve enjoyed that have come out of his organization are show on his The Info Warrior and The Alex Jones youtube channels. Below are some of the most eye opening ones that I’ve seen.
Catherine Austin Fitts: The Looting Of America
Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90′s and how she was personally targeted for exposing the fraud. Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago – around $12 trillion – has been doubled again in just the last 18 months alone with the bank bailouts. “We’re literally witnessing the leveraged buyout of a country and that’s why I call it a financial coup d’état, and that’s what the bailout is for,” states Fitts.
Alhamdullillah this Ramadan has been good for me as I’ve done more ‘ibadah than I’ve normally been able to do and I’ve also been able to sit down with my kids to do tafseer of the Quran. As Arabic isn’t my first language or my children’s, I’ve seen the benefit of doing tafseer with them, as we are improving our Arabic vocabulary and now being able to understand what we have already memorized. We have been doing word-for-word translation (Zaheen Fatima Baig), followed by Tafseer of Ibn Kathir (Dar Us Salam) of each of the surahs. While doing the tafseer, I’ve found that writing up a tafseer summary of each of the surahs beforehand was a better means of teaching it to the kids and I’ll be posting these summaries soon for others to benefit from.
During this month I’ve been watching a number of clips and lectures on youtube and I really enjoyed the short funny clips done on the Smile…itz Sunnah channel. The person running the channel takes funny clips from various lectures done by Khalid Yasin, Kamal El Mekki, Nouman Ali Khan, Said Rageah, Boona Muhammad, and others and in the comments, they link to the original lecture for those interested in watching more. My mom encouraged me to watch Nouman Ali Khan’s lecture on Ramadaan, shown below, which I enjoyed and hope that you will to. For those who want a shorter clip, you can check out this 10-minute clip entitled ‘Why Do We Fast In Ramadan?’.
I soon found out that Nouman Ali Khan is doing the tafseer of the Quran and that he also runs the Bayinnah Institute, an institute that does a ten month intensive live-in Quran and Arabic studies program in the United States for approximately $US 12,000.
I came across William ‘Bill’ T. Still through his monetary system documentaries which he narrated and directed entitled ‘The Money Masters’ [Google Video, Website, Amazon, Wikipedia] and ‘The Secret of Oz’ [Dutch, Spanish, trailer, synopsis, Amazon]. I had a hard time watching ‘The Money Masters’ the first time I tried, as though it had an excellent amount of information on the history of the monetary system in the US, the three and a half hour documentary was a 1990’s low-budge film and I was used to more recent documentaries with graphs and graphics. Since its release Bill has distanced himself from the film, as he is unable to fix a number of fake quotes in it. ‘The Secret of Oz’ is Bill’s more recent documentary, which was released after the 2008 collapse and focuses on the monetary symbolisms found in the children’s book ‘The Wizard of Oz’, as well as the problems in the banking system. He is also the author of ‘No More National Debt’ [Amazon, Facebook, Introduction] wherein he states that sovereign nations don’t have to borrow their money into existence, but instead should issue debt-free money.
I have alot of respect for Bill Still for his efforts to educate people on the fraud of central banking and debt-based money, but disagree with his view on the solutions. He apposes the gold standard and proposes that fiat money similar to Colonial Scrip be printed for the public good. Unfortunately, I don’t agree with this and agree with G. Edward Griffin’s review of his films in which he writes –
“The solution to fiat money is not MORE fiat money. It is REAL money based on tangible assets, and none has yet been discovered that serves as well as gold or silver. … Still claims that it would be a mistake to return to a gold-backed monetary system because most of the world’s gold now is held by the bankers. This is a deceptively appealing argument. First, it is not true. Central banks do hold more gold than any other single entity; but the total inventory of gold in the hands of private citizens, as bullion or coins or jewelry or known deposits in working mines, is much larger. In addition to that is the vast reserve of gold in the earth and oceans that has not yet even been located or measured.”
If I remember correctly, the first time I was introduced to Stefan Molyneux was on an appearance on Max Keiser’s Keiser Report sometime in 2010 or 2011 and I liked his analogy of how countries of the world were like farms, the governments/ruling class were like farmers, and the people were like livestock. This concept can be seen in the following 13-minute video clip entitled ‘The Story of Your Enslavement’.
This concept has been well received as the video clip has over 1.2 million views (as of this writing) and is the most viewed video clip on Stefan Molyneux’s ‘Freedom Radio’ youtube channel. The clip goes into explaining that the ultimate resource that can generate the most value is the controlling of humans and that throughout history we have had four models of the human farming systems, that last of which has been the democratic model (aka the mafia model).
Another excellent video in Stefan’s channel is the 5-minute ‘The Money That Is Sold Abroad Is You!’ with over 600 thousand views, wherein Stefan explains how the debts of a nation are saddled on the livestock of that farm.