The free market continues to stay at least one step ahead of the regulators, this time with incandescent light bulbs.

President Obama has given the CFR a clean sweep of the new appointments to the Federal Reserve, with his naming of Janet Yellen, Stanley Fischer, Lael Brainard and Jerome Powell.

Fifty years ago this week, President Lyndon Johnson announced the “War on Poverty” during his first State of the Union Speech. Under the Obama administration, however — five decades, countless unconstitutional federal welfare programs, and more than $20 trillion later — poverty levels remain largely unchanged even based on official numbers, and dependence on government has reached unprecedented new heights.

In reality, Americans’ economic fate is far worse than even bogus government statistics would suggest. Even more troubling is that analysts say the trends look set to accelerate as Washington, D.C., intensifies its failed efforts to achieve “victory” in the “war” while the Federal Reserve conjures ever greater quantities of currency into existence.

Though touted as preserving the dollar’s value and ending economic slumps, the Federal Reserve is destroying the dollar and weakening the economy, for “world order.”

Socialist luminaries and international bureaucrats at various outfits funded primarily by U.S. taxpayers are seizing on a “devastating” new American taxation scheme, known as the Foreign Account Tax Compliance Act, or FATCA, to help foist a radical tax information-sharing regime on the world. The repercussions for Americans and people around the globe — especially when it comes to financial privacy and economic freedom — will be crushing, experts argue. Analysts say the end goal, meanwhile, is the creation of a planetary taxation authority.

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