Yet another video explaining the insane circular thinking the Federal Reserve is using to create trillions of dollars in electronic fiat money.
So the government borrows money by selling bonds to China and Japan but foreign countries are beginning to realize we can’t pay it back. To compensate for the decreasing international demand for our debt, the Federal Reserve gives fake money to the banks so they can use it to buy government bonds.
So, the first batch quantitative easing wasn’t enough, so now they’re printing money to lend to the banks so the banks can lend it back to the broke-ass government.
No, this sounds more like money laundering. The Federal Reserve manufactures illegitimate money and funnels it through the banks so they can give it to the government in a more legitimate form. If you or I did this, we would go to jail.
Are you game?
End The Fed Rally, 11.22.2010
I dragged this video out of the vault to remind folks of what has been happening for almost a decade (not just since 2008).
Truth,The Us Dollar, The Federal Reserve, and Dr. Ron Paul
For more information about the true origins of the Federal Reserve System, grab your duct tape and hit the page at the top of the blog.
(Editor’s Note: I would like to thank NH Tea Party for pointing out my typo with the date. My deepest apologies for this mistake. The End the Fed rallies are planned for Saturday, November 20th this year.)
End The Fed Rally, 11.22.2010
I dragged this video out of the vault to remind folks of what has been happening for almost a decade (not just since 2008).
Truth,The Us Dollar, The Federal Reserve, and Dr. Ron Paul
For more information about the true origins of the Federal Reserve System, grab your duct tape and hit the page at the top of the blog.
Glenn goes to the place that I never thought he would. He states, unequivocally, that the American dollar is being collapsedintentionally, and wants everyone to DVR his week-long ‘Red Pill, Blue Pill’, series about George Soros, and the radicals that are starting to show themselves. Larry McDonnell? Are you listening?
Glenn also covers how Bernanke and Geithner (under oath) stated that the Fed would not monetize our debt, how they have just done it again to the tune of $900 Billion, and his next segment covers the projected costs of everyday food items; i.e. $62.21 for a 32oz package of granulated sugar. This segment starts in Part 2 at 5:29. Kudos to NIA for getting the credit they deserve. BTW, NIA’s site has crashed, so try back again if you get a maintenance screen.
It is so time to end the looting that the Federal Reserve has been perpetrating for decades.
(Remember to check out the related links at the bottom of this post for more information.)
Russia and China have been signaling for months that they were concerned about the dollar as the reserve currency and our government’s level of debt, but now they think they should have some say in our internal monetary policy. Considering how far down the globalists’ garden path we have been led, they might just get their wish soon.
(Reuters) – Russia sided with China ahead of the Group of 20 summit, saying on Monday the United States should consult other countries before pumping cash into its economy, but stopped short of calling the policy a mistake.
President Dmitry Medvedev will take part in the summit, where conflict is brewing over the U.S. Federal Reserve’s latest allocation of $600 billion to buy Treasury bonds — money that investors are likely to redirect into emerging markets in search of higher returns, potentially fuelling new asset bubbles.
“Russia’s President (Dmitry Medvedev) will insist …. that such actions are taken with preliminary consultations with other members of (the Group of 20 countries),” said Russian G20 negotiator Arkady Dvorkovich.
China has been particularly vocal in criticism of the policy, which U.S. President Barack Obama defended on Monday during a trip to India, saying the Fed’s mandate to grow the U.S. economy was good for the world as a whole.
Dvorkovich said that the Fed’s policy was an internal matter but added that previous decisions by the G20 require consultations on such issues. He said the Fed’s move may even benefit Russia because its current capital inflows were too small.
This is what happens when a country, insanely, allows a central bank to run their economy and dictate monetary policy, AND THEN that private banking cartel joins the rest of the central banks around the world (Bank Of International Settlements, World Bank, IMF). The steady, progressive march toward the loss of American sovereignty.
Remember, the Board of Governors of the Federal Reserve cannot be impeached, the Federal Reserve doesn’t EVER open it’s books, and they can set monetary policy without so much as a ‘by your leave’ from the president or Congress. Do you want the G20 guiding the Federal Reserve, an unelected body, on what America’s monetary policy is? I’m really looking forward to that after the rape and pillage done by Wall Street, aren’t you?
I personally am enjoying watching Ben Bernanke pull an ‘Obama’ by so far overreaching with QE2 that it will force Americans to LOOK at the Federal Reserve the same way we have been looking at the Dems and Pubs, and hopefully ignite the momentum to abolish the Fed and have a constitutional amendment passed forbidding central banks from operating in this country.
As Ron Paul stated this morning: ‘Fed Will ‘Self Destruct’ as Easing Kills the Dollar’. We can only hope and pray that these leeches will be removed from office, charged, prosecuted and incarcerated. Bennie and InkJets first.
For two years, (and for some of us, even longer), we have been educating our families and neighbors about the Federal Reserve devaluing our money and draining our wealth. We were the first responders when Paulson ran to Capitol Hill and scared the bejesus out of a group of people that are much less intelligent than most of us (they just want you to think you are stupid). We said “HELL NO” to TARP, Bank Bailouts, Car Company Bailouts, Stimulus 1, 2, 3, etc., Union Bailouts, Obamacare, FinReg, and monetization of the federal debt. We knew the housing bubble that Congress and The Fed created was collapsing, and that the market was trying to find its ‘real’ baseline. We knew many people were going to take it on the chin, but we also knew we would then be on stable ground to start the rebuild.
Then Bush 43 caved to the Wall Street/Federal Reserve boys. That whole running up to Capitol Hill is such a show for the corporate-owned moos; the banks tell the politicians what to do. As soon as Bush ‘put aside the free market in order to save it’, we knew we were screwed six ways from Sunday. The banks were going to be protected and coddled, and us little people were going to be left swinging in agony (for years) as all that bad paper sat on their balance sheets clogging up the gears of the economy. We did not actually believe Paulson’s story about the $700 Billion going to buy bad assets, and we were right.
Karl Denninger – “Remove Bernanke”
The good news? Ben Bernanke has lied to the American people by stating in July, 2009 that the Federal Reserve would NOT monetize the debt which they just did again the day after the election, in what appears to be a last ditch, ‘Hail Mary’ maneuver to save their asses. There is almost nothing we can do because:
The members of the Fed’s Board of Governors also cannot be impeached by Congress, which is especially twisted, since the President of the United States can be impeached for “high crimes and misdemeanors”. [The Legality of the Federal Reserve System, 8].
$6.99 a year ago; $14.19 10.13.2010 (Diamond's Local Grocery Store)
So dire is the situation that Sarah Palin has decided to wade into the thick of it, not realizing exactly how much a parasitic and vampiric Federal Reserve has completely drained America and is now trying to resuscitate the host/corpse. Fortunately for us, her level of media coverage is going to push the entire subject of the private banking cartel, mortgage fraud, and the hidden tax of inflation into the light. Thank You Sarah!
Here are snippets from Palin’s prepared remarks obtained by National Review Online:
I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative easing.” It means our government is pumping money into the banking system by buying up treasury bonds. And where, you may ask, are we getting the money to pay for all this? We’re printing it out of thin air.
The Fed hopes doing this may buy us a little temporary economic growth by supplying banks with extra cash which they could then lend out to businesses. But it’s far from certain this will even work. After all, the problem isn’t that banks don’t have enough cash on hand – it’s that they don’t want to lend it out, because they don’t trust the current economic climate.
And if it doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won’t be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?
Bill Black on the continuing mortgage fraud that still exists. For more information from Bill Black about the entire fiasco, check out this post ‘Sociopaths In Charge Of Banks And Government‘ from 4.7.2010.
`Major Frauds’ Continue at Mortgage Companies….. Black Says (10.22.2010)
Bill Black; The Best Way To Rob A Bank Is To Own One
Here is the history lesson for those that still believe that the Federal Reserve IS NOT a private banking cartel, that it is a government agency, and exists for our best interest.
The Fed, by it’s own admission, is an independent entity within the government “having both public purposes, and private aspects”. By “private aspects”, they mean the entire operation is wholly-owned by private member banks, who are paid dividends of 6% each year on their stock. Furthermore, the Fed’s decisions “do not have to be ratified by the President or anyone else in the executive or legislative branch of government” and the Fed “does not receive funding appropriated by Congress”. In 1982, the Ninth Circuit Court of Appeals confirmed this view when it held that “federal reserve banks are not federal instrumentalities… but are independent, privately owned and locally controlled corporations“. [The Legality of the Federal Reserve System, 5]. Yet, the Fed has exclusive control over the government’s ability to create money and regulate its value through the targeting of interest rates and open market operations (when the Fed buys an asset, it typically prints the purchase money out of thin air). How Congress can delegate its Constitutional powers to this independent, privately owned and unaccountable institution is beyond me.
Still, the Constitutional issue is just the tip of the iceberg when it comes to this twisted institution’s embodiment of all things undemocratic. When Congress (and the people it represents) makes a valid delegation of its powers to an executive agency, it almost always retains a level of control through its powers of appropriations, impeachment and oversight. For some not-so-strange reason, the Fed isn’t appropriated any funds by Congress, and so it cannot be financially “starved” like any other agency. The members of the Fed’s Board of Governors also cannot be impeached by Congress, which is especially twisted, since the President of the United States can be impeached for “high crimes and misdemeanors”. [The Legality of the Federal Reserve System, 8]. What about oversight? Well, a Congressional committee holds “hearings” every once in awhile to ask the Chairman a few irrelevant questions, but if this process is what passes for “oversight”, then we have truly gone off the deep end.
Speaking of committees and oversight, when Fed Chairman Ben Bernanke testified under oath to Congress in July, he said in no uncertain words, “the Federal Reserve will not monetize the [federal] debt”. [1]. Fast forward to the day after mid-term elections, in which the American people clearly voted for LESS spending/printing, and the Fed announces its plan to monetize $900 billion in treasury bonds. [1]. The Chairman has proven his previous testimony before Congress to be a blatant lie, but instead of condemning the Fed’s recent actions, the federal government has welcomed it with open arms. That’s quite some oversight we have there. Perhaps the best way to oversee the Fed’s actions would be to actually figure out what in Lloyd Blankfein’s name it’s been doing.
In this country, that’s easier said than done. The Government Accountability Office is not allowed to audit the Fed’s transactions for or with foreign governments, central banks, nonprivate international organizations or those made under the direction of the Federal Open Market Committee (“FOMC”). It just so happens that these are the types of transactions which are most influential on global and domestic financial markets, especially the open market operations. These operations are conducted by the FOMC, who is comprised of the Board of Governors (7 members appointed by President and confirmed by Senate) and five representatives from the regional Fed Banks. Although the President appoints the Board of Governors, he must choose from a list of candidates provided by private institutions, and the other five representatives are also typically nominated by private member banks. Talk about an organization with conflicts of interest, lack of transparency and lack of accountability all tightly woven into its very fabric!
In the last two years, the almighty Fed has printed trillions of dollars in our name to buy worthless mortgage assets from “too big to fail” banks. It has lent these banks our hard-earned money at about 0% interest, so they could lend our own money back to us at 3%+. These banks also used our free money to ramp equity and commodity markets, which mostly benefited the top 1% of our population who owns 43% of financial wealth [2], and conveniently, also owns the Fed. The latter has kept interest rates at next to nothing to punish savers and encourage speculation, making everything less affordable for average Americans who have seen their wages stay the same, decrease or disappear. What’s left standing is the perniciously powerful, highly secretive and entirely unaccountable Fed, who now epitomizes the state of American democracy.
We have all become subject to the misguided and/or malicious whims of a few wealthy individuals operating the levers of economic policy, with no adequate means of challenging their power. Our most treasured contribution to political society has been reduced to a bunch of meaningless articles and amendments, containing equally meaningless words. We the people, in our pursuit of “a more perfect union”, have fallen into an age-old trap. Our economic policies, currency and laws are all manufactured by our very own private dictator, who amasses a fortune from our collective exploitation and destruction. Then, this despot continues to operate like nothing ever happened. We can scream “ABOLISH THE FED” all day, non-stop to every single politician at the top of our lungs, but it will never happen. The reality is that there is only one way back to a true democratic system now, and this path will require nothing less of us than the courage of our forefathers.
What did America say back in 2008, 2009, and early 2010? It all came down to the math.
No Bank bailouts
No Car company bailouts
No Porkulus
No MORE Stimulus
No printing of more fiat money devaluing the dollar and causing inflation
No Obamacare
No FinReg
The elites did not listen to us because we are just too stupid to be able to add 2+2, and now AARP is scrambling because of the unrealistic scheme to socialize medicine that they endorsed and promoted.
AARP has sent an email to employees stating that their insurance premiums will rise between 8% and 13% because of ‘medical inflation’ with Obamacare being only a small part of the equation. AARP is also getting hit with the 40% ‘nudge’ tax for premium plans. Thanks Cass Sunstein. (Source: Yahoo News/AP) For an alternative to AARP, check out 60 Plus Association.
THIS is what happens when The Fed is allowed to print money willy-nilly, monetize the debt, and the progressive left-wing of the Democratic party goes overboard on setting up the holy grail of nanny-state structures.
It has been like dealing with a bunch of crack-smokin’ teenagers, but the good news is that their unbelievably non-mathematical behavior has caused enough Americans to vocally and actively mobilize to create the real change we have been looking for over the last few DECADES. These very elites who think ‘better’ than us have created the firestorm. “Yes, it’s going to be different this time around.”
Thank You Ben, Timmie, Nancy, Barry, Harry, AARP, etc.
This is the beginning bureaucratic implementation of the disastrous Dodd-Frank FinReg Law that needs to be repealed right behind Obamacare. For those that don’t realize one of the more fascist aspects of this law and the Office of Financial Research, please read Big Brother’s Lock On Your Money Is Complete.
WASHINGTON (Dow Jones)–The Federal Reserve is creating an office to implement legislation overhauling the U.S. financial regulation system.
The Fed on Thursday announced it established the Office of Financial Stability Policy and Research. J. Nellie Liang, a Fed economist, was named as its director.
The office will bring together economists, banking supervisors, and markets experts to focus on financial stability. It will coordinate Fed staff efforts to identify and analyze potential risks to the financial system and the overall economy.
“The financial stability team will play an important role in implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, in our oversight of systemically important financial institutions, and in our overall surveillance of the financial markets and the economy,” Fed Chairman Ben Bernanke said in a news release.
The Dodd-Frank law was passed by Congress last summer, a response to widespread calls for changes in the regulatory system after the U.S. financial crisis erupted.
-By Jeff Bater, Dow Jones Newswires; 202 862 9249; jeff.bater@dowjones.com
The Federal Reserve Board on Thursday established the Office of Financial Stability Policy and Research and appointed Board economist J. Nellie Liang as its director.
The office will bring together economists, banking supervisors, markets experts, and others in the Federal Reserve who will be dedicated to supporting the Board’s financial stability responsibilities. The office will develop and coordinate staff efforts to identify and analyze potential risks to the financial system and the broader economy, including through the monitoring of asset prices, leverage, financial flows, and other market risk indicators; follow developments at key institutions; and analyze policies to promote financial stability. It will also support the supervision of large financial institutions and the Board’s participation on the Financial Stability Oversight Council.
“The Office of Financial Stability Policy and Research brings together a skilled group of people with a wide range of expertise to focus solely on financial stability,” Federal Reserve Chairman Ben S. Bernanke said. “The financial stability team will play an important role in implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, in our oversight of systemically important financial institutions, and in our overall surveillance of the financial markets and the economy. I am pleased that such a strong economist and leader as Nellie is leading this group.”
Liang joined the Board in 1986, acting most recently as a senior associate director in the Division of Research and Statistics. In that role, she has led a group of economists focused on the intersection of economics and finance, including oversight of capital markets, financial institutions, consumer finance, and financial flows. Liang was a key participant in crafting the Federal Reserve’s response to the financial crisis and helped lead the Supervisory Capital Assessment Program, or bank stress tests, which helped increase public confidence in the banking system in 2009. Liang has a Ph.D. in economics from the University of Maryland and an undergraduate degree in economics from the University of Notre Dame.
And just for fun, I found this for you to peruse as I am still digging for information on J. Nellie Liang. I cannot even find a picture of this person on the Fed’s site.
The march for monetary accountability and transparency at the Federal Reserve (and hopefully abolition of this despicable private banking mafia) continues as Dr. Ron Paul will again push for an audit. Ben Bernanke and the Fed just printed $600 Billion of fiat currency out of thin air in his latest round of QE, even though Ben stated under oath back in June 2009 that they would not monetize the debt. This constitutes a hidden tax on all Americans (worse for the working poor) as this pushes commodity prices higher and food and energy prices go through the roof.
(Reuters) – Republican Representative Ron Paul on Thursday said he will push to examine the Federal Reserve’s monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January.
“I think they’re way too independent. They just shouldn’t have this power,” Paul, a longtime Fed critic, said in an interview with Reuters. “Up until recently it has been modest but now it’s totally out of control.”
Paul is currently the top Republican on the House of Representatives subcommittee that oversees domestic monetary policy, and is likely to head the panel when Republicans take control of the chamber in January.
That could create a giant headache for the Fed, which earlier this year fended off an effort headed by Paul to open up its internal deliberations on interest rates and monetary easing to congressional scrutiny.
Paul, who has written a book called “End the Fed,” has been a fierce critic of the central bank’s efforts to boost the economy through monetary policy.
“It’s an outrage, what is happening, and the Congress more or less has not said much about it,” he said.
Paul said his subcommittee would also push to examine the country’s gold reserves and highlight the views of economists who believe that economic downturns are caused by bad monetary policy, not the vagaries of the free market.
Global organizations like the International Monetary Fund also will come under scrutiny, he said.
“Eventually we’re going to have monetary reform. I do not believe the dollar can be the reserve standard of the world,” said Paul, who has called for returning the United States to a currency backed by gold or silver.
Many economists say that the Fed’s decisive actions during the 2008 financial crisis prevented the deep recession that followed from turning into a depression. But grassroots outrage over the bank bailouts and other Fed actions helped propel many Republican candidates to victory in Tuesday’s congressional elections — including Paul’s son, Rand Paul, who will represent Kentucky in the Senate.
“With a lot of new members coming and the problems getting worse rather better, there’s going to be a lot more people who are going to be looking for answers,” Paul said.
If you missed this quote from Market Ticker about QE and your money being poured into the big banks because of bad paper the first time around…
Now they’re at it again. First, Ben Bernanke imposed, without a vote, a tax on the American People of over $1 trillion through his original “QE ” game. This went immediately into commodity and stock prices worldwide but was in fact a tax on you, and on every productive business. This is the reason that unemployment remains at close to 10%. By now we should be well on our way to recovery. The government blew $600 billion on stimulus programs. They got nothing for it because of QE, which took it all back out, plus more through the tax – a tax that went directly into the bankers pockets. This unlawfully-imposed tax was used to cover the banks’ insolvencies, along with the blatant extortion practiced by Rep. Kanjorski on FASB (who, incidentally, lost his seat Tuesday.) But the banks did not clear their balance sheets – they are, in fact, still insolvent. Instead, they literally took the money and paid it in bonuses.
Now that the banks are once again running out of money Ben Bernanke is at it again. He has announced another $600 billion in illegal taxation on America, and intends to give it again to the bankers. A good part of it already showed up in oil and other commodities. The rest of it will. It is guaranteed. The “benefit” will go overseas. The tax will fall on you.
THIS IS THE LARGEST TAX EVER IMPOSED ON THE AMERICAN PEOPLE IN THE HISTORY OF THE NATION. IT IS MORE THAN FOURTEEN TIMES THE BUSH TAX CUTS “ON THE RICH” THAT EVERYONE IS DEBATING. GOLDMAN SACHS BELIEVES THAT BERNANKE WILL IMPOSE A TOTAL TAX THROUGH QUANTITATIVE EASING OF MORE THAN FOUR TRILLION DOLLARS OVER THE NEXT TWO YEARS, OR MORE THAN FIFTY SEVEN TIMES THE BUSH TAX CUTS.
And the story I just ran across from Economic Policy Journal:
Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, Rhode Island. In the speech, he warned about the current state of the government finances. His conclusion, the situation is dire and “unsustainable”.
It is remarkable that mainstream media has given this speech no coverage. I repeat, the central banker of the United States says in his own words:
Let me return to the issue of longer-term fiscal sustainability. As I have discussed, projections by the CBO and others show future budget deficits and debts rising indefinitely, and at increasing rates. To be sure, projections are to some degree only hypothetical exercises. Almost by definition, unsustainable trajectories of deficits and debts will never actually transpire, because creditors would never be willing to lend to a country in which the fiscal debt relative to the national income is rising without limit. Herbert Stein, a wise economist, once said, “If something cannot go on forever, it will stop.”9One way or the other, fiscal adjustments sufficient to stabilize the federal budget will certainly occur at some point. The only real question is whether these adjustments will take place through a careful and deliberative process that weighs priorities and gives people plenty of time to adjust to changes in government programs or tax policies, or whether the needed fiscal adjustments will be a rapid and painful response to a looming or actual fiscal crisis.
This is as close as you are ever going to see a central banker admit that his country’s financial situation is so dire that it could breakup at any time.
THIS is why the Federal Reserve needs to be audited and then abolished. There are sound money principles that can replace the private banking mafia; hopefully before it’s too late.In the meantime, stock up on the basicsas prices are already going up, up, up…
Glenn starts this program with the general news of the very expensive trip that Obama is taking to India and Indonesia, and breaks it down further along in the program. His first topic is all about the Fed’s QE2, how it is devaluing the dollar, causing commodity prices to skyrocket and how all of our food is going to become more expensive. Here is a news flash Glenn; I covered this on October 20th with the article Obama And The Federal Reserve’s Hidden Taxes with the proof of $14 coffee here in Hawaii. Market Ticker’s Karl Denninger has been writing about this for months.
Glenn then wants to know the upside of the $600 million dollar trip to India. Here is something to think about; this trip to India is a campaign stop on the way to UN Secretary-General. Ban Ki-Moon’s first term as the UN SG will expire in 2012, and though India is not currently one of the non-permanent members of the UN Security Council (who nominates the UN SG), they will become a two year member in 2011.
The General Assembly elected Colombia, Germany, India, Portugal and South Africa to serve as non-permanent members of the Security Council for two-year terms starting on 1 January 2011. The newly elected countries will replace Austria, Japan, Mexico, Turkey and Uganda.
My spidey-sense tells me that Obama does not plan to run for a second term if he can move up to ‘King of The World’. Considering what the global elite banksters are doing to our dollar, and the push for a global currency, why wouldn’t Obama go for the next brass ring as the ultimate citizen of the world? Think Mishy is going to sit still as First Lady when she can be Empress? Think about the Narcissist-in-Chief’s general demeanor; who else would look at the Presidency of the United States as a stepping stone to something else?
The last topic covers the losses that George Soros suffered during the election a few days ago. I want to point out that the reason the California Pot Legalization proposition was defeated was because only a certain number of licenses to grow were going to be issued and guess who they were going to? Yes, you guessed it, Big Agra. The locals mobilized to stop this prop and Big Ag from taking over what will be an incredible revenue stream.
As many of my readers know, I absolutely detest the Federal Reserve and hold them responsible for almost every single intended and unintended consequence that has happened to our country since their slippery inception in 1913. They created the credit card that the District of Criminals uses to enslave us with debt, and they have devalued our currency by 96%. The Fed is on track to devalue it even more with an unprecedented and risky QE2 of $600 Billion (and) more dollars. Welcome to the next bubble, the dollar.
Glenn covers the show going on ‘backstage’ of the election coverage; the Fed’s decision to come out with more quantitative easing the day after a historic election, and what such a risky and unprecedented maneuver could cause – another Wiemar. I urge all the flybys who still don’t know anything about the bankster mafia to check out the video about the Federal Reserve that follows the Beck program, to watch the ‘Looting of America‘, and hit The Fed page. Time to get up to speed. Without the Fed and their need for billions of dollars of Americans’ wealth in the form of interest, there no longer is a need for their extortion arm, the IRS.
Here we are, the day after an election day, and the people have spoken. They are upset about the direction this country is heading, with the economy and jobs being the primary concern. Dumping a handful of Congress-critters out of office might feel good, but it isn’t going to do much to change things. Even if the American people could somehow vote out every single member of Congress, it would still not do much to fundamentally change our economic situation because Congress does not run the economy, and neither does the president.
