Chances of Another Recession Increasing: Oh, Really?!
According to a new Reuters poll, the chances of another recession hitting America hard have very recently risen to approximately one in three. And it takes a poll to determine this?
Actually, when did the first few recessions even end? A logical person such as myself just sees a linear timeline of failed economic policies leading into an extreme downward slump where the chances of a depression- not just a recession- becomes all the more possible.
An economist by the name of Aneta Markowska has stated concerning the recent Reuters poll, “The economy is dangerously close to stall-speed. There is no buffer, and even a moderate shock could derail the cycle,” No, really?!
Reuters also reports, “The U.S. Federal Reserve was seen keeping interest rates near zero through 2012 after the central bank said last month it expected to hold rates steady for at least the next two years.”
Every time I read remarks such as the aforementioned concerning a central bank’s involvement with the economy, I let out a little chuckle. Here’s what intellectual and founding father Thomas Jefferson had to say about a central bank’s presence in the United States:
“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. “
I think it’s pretty clear then what needs to be done to help fix up the economy, right? GET RID OF THE DAMN CENTRAL BANK!