Officials More Forthright About the State of the Economy?

I have to admit that when I read today's comments about the state of the economy by Federal Reserve Chairman, Ben Bernanke, I was shocked that the article would be so truthful.  Yes, finally a news article that was based on facts rather than political agenda.

The article today actually admits that the Federal Reserve will have to "print money" in order to purchase Treasury Bonds from the U.S. as well as conceding that such an act would cause an even greater strain on the tanking value of the dollar.

See the article here:

 

 Economy: Bernanke: Fed wrestles with size of aid program

I recommend reading this article very carefully and then comparing it to what I've been sharing with you readers for some time now.

A) The Federal Reserve is NOT a U.S. Government entity--otherwise it would simply be buying bonds from itself.

B) Purchasing the bonds will result in serious inflation; dare I say undeniable  HYPER inflation?

C) Unemployment has been, and will continue, to be painful in our nation for some time. Here's one aspect that I find incredibly interesting about the unemployment statistics. It seems like the powers that be are going way out of their way to ensure that the unemployment numbers don't get portrayed as being in the double-digits for our nation.  The reason being is that the last time our nation's employment numbers were double digits  it was accompanied by that well known era known as The Great Depression. In fact, with The Great Depression beginning in 1933 (depending on which event you view as having triggered it) unemployment didn't finally get below 10% until the U.S. got involved in World War II.

The interesting aspect to note though is that the unemployment numbers are being incredibly contrived. As you may have discovered already, the unemployment numbers which we're presently being fed through the mainstream media does not reflect an accurate count of those persons who are actually unemployed, rather it only reflects the number of those persons who are still being counted as unemployed via their records with the unemployment income offices. This means that those persons who are no longer extended unemployment benefits aren't accounted for in our dismal numbers--yup, we've got to keep it under 10%, even if that means it's "only" 9.6%. This number also does not reflect those persons who are considered "under employed" meaning that they haven't yet been able to find full-time work, but have settled for part-time work in lieu of receiving handouts from the government, aka fellow taxpayers.

This is a stark reality for us to appreciate as a nation.  I personally believe that the only way for our nation to get back on its feet again with a healthy and respectable economy is two-fold.

Economy Strongholds

One--for more persons to pursue self-employment rather than holding out for being paid by someone else.  Obviously there are some critical obstacles that come with being successfully self-employed to the point that one can support a family; but I'm 100% convinced that even in this economy such obstacles are insignificant with the proper discipline and strategies.  I look forward to providing you in the future with some vital points of advice that I've shared with successful entrepreneurs nationwide for the past 10 years.  I believe that we sell ourselves short by buying into the whole facade that we are only worth what someone else is willing to pay us.  That's counter-intuitive in my book because no one is financially motivated--especially in tough times--to pay a person what they are worth to a business.  A savvy business owner will usually pay its workers the lowest amount he can get away with in order to make the business as profitable as possible.

Two--Become better and more accurately informed on matters which cost us a great deal of money--particularly on matters of taxation.  While I firmly believe in paying all of the taxes which I owe, without cutting corners or omitting critical facts, I also am 100% convinced that most Americans pay significantly more taxes than they are truly required to do so.  As a result, I view the excessive payments of taxes, simply because of ignorance, a casualty that our country can no longer tolerate. Spending money where it isn't due or necessary cannot be done without direct consequences.  Doing so misdirects money from strength-building and vital transfusion spending towards derelict and wanton spending by government entities.  I believe the only real way to discipline a spending addict is to take away their ammo--lots of unaccounted for money with virtually no consequences extended to those who abuse the trust bestowed upon them.  If we all were a bit more educated on what we do or do not owe taxes on, I'm positive that it would result in the payment of LESS taxes, not more.  If I had about 12 hours I could actually prove that to a listening group of people, but...well, you get it. It just wouldn't work in this particular forum. Moving on...

Lately I've been doing a record amount of entrepreneurial marketing consulting--and that's saying something since my number of clients surged greatly for a while after I received some high profile marketing awards and recognition. Frankly,  I am encouraged by the fact that more people are trying to learn to be more profitable in their entrepreneurial pursuits because it manifests to me that more people are willing to take personal responsibility for improving their financial circumstances; thus they are more willing to discover exactly what they are made of.  I'd personally like to help and see more people do just that--rely on themselves.  So stay tuned from some of my suggestions in this regard as I hope to light a fire, so to speak, in as many as will hear, in order that our families, communities, and our nation can recover from this  depression of economics and of the entrepreneurial soul.


A recession is a period in which economic activity is receding or falling, while a depression is a period in which it is depressed below some level.

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Comments

I think that it should be rememberd that on your blog, that everyone enjoys so much, that your audience may not share your political or religious views, but would love to read your information. We already have our own opinons we need information. Sincerely, Vicki

What in the world did this article have to do with politics or religion??? And even if it DID reflect either of my opinions in that regard, I firmly believe that a person who is truly informed religiously and politically cannot, nor should not, attempt to segregate those matters from their life. How we conduct ourselves as a nation is indeed a part of who we are everyday. Whether or not a person stays loyal to the courage of their convictions in every other aspect of their life dictates to me whether or not they are sincere and can be trusted.

Let's recap here: I addressed the following topics.
1) The matter of our government skewing the facts
2) The real state of unemployment in our nation and the financial consequences of such
3) Encouraging folks to rely on themselves more for employment and financial security rather than someone else
4) The fact that the primary media has ceased to portray facts in favor of political statements
5) The fact that the Federal Reserve is not a government entity as many people falsely presume.

If a person truly thinks that none of these matters are important to preparedness then they are sorely mistaken. Furthermore, because self-employment is vital to successful financial preparedness as well as some other aspects of preparedness, I will indeed be discussing it more in the future as the horizon doesn't look too bright for "J.O.B" seekers or holders.

If you somehow think that any of these topics were political or religious in nature then I'm certain that you have been offended with previous articles I've written that have overtly espoused solid Christian values--which, by the way, I make no intent to hide and frankly inform would-be readers WILL be shared on this particular Preparedness blog. To apologize for such in my mind would be like apologizing for being a female. And that I simply cannot do. I hope that I can continue to provide you with helpful information on the topic of Preparedness, but please understand that I'm not exactly a poster child for timid talk.

Vicki M.,
Pick what you can use. Please don't try to make Kellene into something she is not. She is a strong, knowledgeable woman. Her beliefs are integral to who she is. If we must all restrict our comments to the point that NO ONE is offended, we all may as well never say or write anything again.

I have learned so much from you on the financial stuff to reading gov. reports and trying to gather clues on what is actually happening in this country.
This Foreclosure "fiasco" is a lot more serious than just a paperwork glitch. You have to put on your Sherlock Holmes cap to find out what is really going on.
I remember you getting pooed-pooed on the food shortage thing a couple of months back and we all have seen how that turned out.
What I like best is I can build on what you have already shown me on all 10 areas of preparedness.
I am looking into some ideas for my own business. With Social Security beang anything but secure, I think it is only wise to take action. So I am really looking forward to your next posts.

Sorry poo-pooed about a bad harvest and rising food cost.
:)

Kellene -

I look forward to your thoughts, insights, etc. on self-employment. What I'd like to know specifically are steps to determine niches that fit within a particular persons skill set, and how to overcome the fear of plunging into the self-employment waters.

I've recently found this blog, and must say, I absolutely LOVE IT. Having said that, you just keep on saying what you want to say and how you want to say it. Last I checked, the First Amendment still held in this country.

God Bless!

I agree with everything you have said. I am a survivalist/Christian, also. I have been preparing for a collapse since Y2K. I never stopped. My only problem and stressor is knowing that my sister is in la-la land and not preparing. So that doubles all my efforts so I'll have enough to help her. It's really terrible knowing what's coming and watching your friends and family just avoiding talking about it or preparing for it. You just can't afford or save enough to help everyone you know. That's the problem.

Well Sue after my little minor panic attack, and cursing the news and all other sundries and rants. You have a decision to make. Will you let them die on your doorstep? If not why not plan for it? An extra body to keep watch or additional muscle power would not be bad to have on hand. Do they have skills, can they bring tools? What have you done to mentally to deal with folks? Family should be easy compared to a bunch of kids begging for food.
Think now what you would do with family and or beggars. The answer will not get easier admist chaos.
My answer is store more. For my family, a safe place to sleep and food in the belly. So yes I store more than I "need" for a year or 2. Cause I'll need help. Also a great barter item.
I'll give you if you got what they want(Top 10 of preparedness) You make the rules. If they don't like it they can strike out for FEMA or DHS camps.

An extra 50# of rice and beans is cheap security and ensures muscle power.

Gosh I have them in my own family as well. I know what you are going through Sue. Do I let them (the family) starve or try to help? I wish I had a better answer for you. I'll try to save my family, even if they are morons. I may not succeed. But I think God expects me to try.
I wish I have a better answer, I have had good luck on focusing on saving money and getting debt-free. You may try that as an arguement.

Kellene,
I am catching up on your messages to us and I was shocked that someone would try to muzzle you on what you can and cannot say on YOUR blog. Thank you for not being politically correct! We who are interested in being prepared are not typically timid folks. God bless you and your efforts to help us. We who understand back you up 100%!!

Your blog, you write whatever you want.
Honestly people!
Keep up the good work, Kellene.

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