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Moar may not be better after all...
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Moar is b3debter!
The azimuth of that impending cross does not portend good things.
Real GDP looks excellent when you calculate it using fudged inflation figures.
Inflate like dead bloated pig in river.
Swedish editor/journalist once said:
Deficits are not an existential threat to the americans, since they are the only ones in the world that can finance it by printing unlimited amout of dollar bills.
It is the printing of money that is the existential threat.
But...but...but...Bernanke says it works. Is he a liar like Obama?
No need to state it as a question. Should be rephrased to; "He is a liar like Obama."
I think the question was about the lying degree: on a liar scale from 1 to Obama, the Bernank is an Obama.
Obama uses a balanced approach between lying and not telling the truth.
BernaFia is not lying, he said straight that no amount of QE would ever work, he knows it, they know it. He always indicated that a balanced budget agreement was required in simultaneous with QE for it to work. Balanced but with increased spending now and balance in the long term to their assumed GDP growth numbers.
Please also consider that for Bernafia, work meant an inflation of more that 5% with 10 year treasury rates of less than 2%. He wanted to force consumers to spend, not save and to start up the economy with fake money in the hope of a late start of the true engine. By doing only half even if he was correct, with which I compketely disagree, he knew from the beginning that his QE alone was going to fail, and so he stated under oath. For doing what he knew would fail and make matters much worse he should be fethered!
But it (QE) IS working, like a charm. All TBTFs are still here, up and running. Would they without QE ?
The Fed knows that it has to raise rates. But look at what will happen when they do to The Feds. Fannie and Freddie balance sheets? This guy has some good charts.
During the depression the U.S. government went into debt to build hydroelectric dams, roadways, electrical systems, other lasting infrastructure. The Capital expenditures went directly into the pockets of the people and the benefits of the infrastructure went to the people.
Today we go into debt to build up Wall Street.
"Shovel ready was not as shovel ready as we expected."
With plenty of smiling and chuckles. Naturally, because the whole thing is just one big joke.
Not that I am endorsing what FDR and his administration did during the depression.
Allow me to inject an iota of truth into your nauseating paean to central planning:
"After the usual cast of greedy government thugs took their cut at each successive level, the capital expenditures went directly into the pockets of the people who were robbed in order to fund those capital expenditures."
Derrrrr. The stupid, it hurts.
The FED has done their job; enriching their bankster masters.
To hell with GDP, U.S. Citizens, and future generations.
GDP= Not the correct measurement of the mental and physical health of a country.
GDP = Government Domestic Pillaging
Jobs will be lacking until enough of the youth are unemployed to cause mass riots. Then will come the jackboot, then will come the pillagers pushed on by the elite until there are but two classes. The Party class and all others, consumers they call us. Each and every one of us a drain on the system unless we pull for the State, you never want to be a strain on the "system".
Pot and Riots. To avoid what you say, they are facilitating our youth going into Pot big time, they know from the experiments in mass control of youth started with WOODSTOCK that it works wonders in keeping them out of riots. Psychiatrists know this very well... sad but true...what they didnt know is that potnincreases the rate of schizophrenia by 500 to 1000% depending on family history, and this is new schizophrenia, not something that would have occurred were they not consuming. Thus all the mentally unbalanced pr disasters that you hear in the news, look carefully and you will find pot in most of them, even in the Zimmerman/Trevor Martin case, Trevor had been suspended for having pot in his backpack, which explains the whole snafu.
Do you shill for money or are you really that stupid?
If you really want to know why there are so many bizarre suicides and suicide attacks look for anti depressants in the perps background.
Now you're geting the idea. Hindsight being 20/20, it's very much looking like QE was only enacted to allow the wealthy to marshal assets in advance of the upcoming turmoil. They have known for quite awhile that global resources are finite and know that peaks have been realized, they plan to save the balance of these resources for themselves. Thus, only a global political and economic dictatorship will suffice.
marginal productivity of debt
Marginal real return of capital as QE creates more out of thin air...
im sure many of u guys have seen this video, but if not its worth a watch. if ur not scared after watching this, then u never will be.
Karl Denninger notes that in real terms, GDP is contracting about 500 billion a quarter, once debt is backed out.
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