No doubt this idiot has some Chicago cronies who are up to the butts in debt and need bail outs with cheap money.
No one from Chicago should ever be allowed near government money.
It occurred to me 4 years ago that the Fed Gov was in desperate need of about 10 Trillion dollars and that everybodies 401K and etc. was in peril (in fact several libtard congresscriminals have raised the topic of “nationalizing the pensions”. Now I realize they have actually raided these things without having to “alarm” folks. They have monetized the debt and are printing like there is no tomorrow. That is why it is a 201K now and headed for 101 K soon. So they have raided those funds.
Show me a Feddie for doubling the QE crap, and I’ll show you someone is a position to take down today’s national economies to smoldering ruins so that a smothering world govt/misery-for-all/socialist state can rise from its ashes.
Cronkite lives.
If I had my way then these Fed presidents along with Ben and a whole lot of big bankers would be asset stripped down to their underwear. They are thieves. And they have pretty much destroyed the united states. That will show in time.
Well the prices of food, gasoline, clothes, shoes, property taxes, movie tickets, parking, bridge tolls, beer & wine, medicine, hospital rooms, aw heck the price of almost everything except labor is going up. But it's not inflation until after the election.
It’s the new normal. Don’t expect it to change if Romney is elected. The alterntives are too politically damaging, and politicians always take the course of least resistance. That’s why Congress is happy to cede monitary policy to the Fed. Doing nothing and letting the Fed handle it lets them avoid making real cuts in spending or default.
Its all about getting Obama re elected
Why the hell can’t I have a million deposited in my account?
Bump so I can find this later. Good post blam. Good comments all.
Very good article, post, thread. BE PREPARED. In the meantime DEFUND/DEPOPULATE the debt slavemasters (stop spending our money), on the way to eliminating the FED or the need for a “FED”.
FED up.
Gotta keep paying the regulators and social brainwashers to keep the riff raff from getting into the pie. It’ll go on, until the consequent crash happens. Then the elite folks will be the zombies. [Remember rash of bizarre incidents and suicides in 1929 and after. Add a few decades of interest.]
Surprise! People who suffer through a gradual decline in their standard of living tend to stay relatively stable per capita. Those who suffer a sudden, steep dive in their standard of living tend to react in more hyperbolic fashion on average.
Poverty doesn’t cause crime. Immorality does. Criminals refuse to consider consequences of their actions, as they are more apathetic. They come from all walks of life, although some tend to be more slippery while having resources that make them “untouchables.” Their counterparts with less in the way of resources commit more obvious crimes. As the more “political” folks fall from government/government-linked incomes, many of them will go haywire. Already beginning to happen, really.
There will be no vainglorious explosion of whatever for those who now regulate against others and feel invulnerable (and all of their government-connected cronies), but things will get worse—much like a leather binding that starts out very wet. It tightens, as it dries.
And eventually, pop! The realization that there will no longer any way to be a big government boss without a big manufacturing base and the freedoms that sustained it. Big business now depends on big, socialist government at all levels. Watch, as the situation changes.
Cheap currency is cheap currency. And any country that increases its manufacturing will have a currency that increases with it. A country that decreases its manufacturing, on the other hand, will see its currency decrease. It’s an unexpected but natural way of “free market” globalism (not so free at home, where Americans are prevented by relatives of globalists from starting, new, small production shops).
There were similarities in ancient tyrannies that were crushed, although most of the more striking similarities didn’t have so much directly to do with money (more social/moral/behavioral).
If suggesting more QE drives down the value of the dollar, which makes our goods more affordable which will lead to greater demand for our goods, which will lead to more jobs to produce those goods thereby reducing unemployment which is the Fed’s objective, then by expanding QE to the infinity we can reduce the value of the dollar to zero, thereby making our goods free of cost which will create so much demand that will require so many new jobs that unemployment will be wiped out completely and everyone will be working. The only problem is, why is everyone working if the only thing they are earning are worthless dollars that can’t buy anything, but hey, it will solve the unemployment problem, right Bernanke?.................../s (thinking like a Keynesian makes my head hurt)