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A real cliff of incompetence, excuses
MSN Money ^
| Bill Fleckenstein
Posted on 12/10/2012 8:50:11 AM PST by AngelesCrestHighway
OK, everyone, buckle up. This is going to be a bumpy ride. First off, I would like to turn to our eventual funding crisis. Yes, I have been talking about this for some time, and no, it hasn't started yet. But it will. One day the markets will take the printing press away from central bankers by spurning their bonds, and governments needing to get their debt funded will see rates rise dramatically. Whether it will start here, in Japan or somewhere else I don't know, nor do I know when it will start. But I do know that the catalyst will most likely be the world losing its fear of a deflationary accident.
(Excerpt) Read more at money.msn.com ...
TOPICS: Business/Economy; Front Page News
KEYWORDS: bhoeconomy; democrats; economy; fiscalcliff; obama
"Granted, many banksters in the world of Wall Street effectively broke laws in what they got away with running their financial institutions (and should have gone to jail). But that is no reason to set up a policy that might disadvantage the country as a whole. There is no point in punishing those with money or trying to earn money just because the Fed was incompetent and eviscerated the middle class." Obama will make us all pay...
It seems to me that to avoid going over a fiscal cliff you should stop driving the car. Not demand more gas money.
posted on 12/10/2012 8:56:23 AM PST
by American in Israel
(A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
There is no point in punishing those with money or trying to earn money just because the Fed was incompetent and eviscerated the middle class.
It isn't incompetence; it's all part of the plan. 0bama knows that in order to establish a liberal, fascist police state he has to destroy the middle class; because historically that is where the most resistance comes from.
posted on 12/10/2012 8:59:23 AM PST
(You can never have enough friends, horsepower or ammunition.)
There will be blood in the streets before I go down f’ing Obama’s road...
The fiscal cliff is only 2 feet, step on the gas.
posted on 12/10/2012 9:07:11 AM PST
(Obama is everything Oklahoma is not.)
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