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Jim Grant Warns: Cost Of "The Unmasking Of The [Fed-Driven] Mis-Allocation Of Capital" Is Dire
"The Fed is 'ever-interested' in doing something later," Jim Grant notes, explaining why he believes the timetable for rate hikes will be pushed back further as fear of allowing a free market in the "most critical" of prices - that of interest rates - would lead to the "unmasking of the misallocations of capital that will have come about through the levitation of asset prices." Grant further unleashes his verbal attack of truthiness when he points out that the central bank's persistent easy money policies is on display currently in the form of stifling American enterprise and sending millions of people from the workforce "more or less permanently."
Jim Grant 'unedited'...
"If companies can't fail that means somebody else can't start. You're looking at a petrified forest rather than dynamic capitalism,"
Behold "The fruit of heavy-handed government manipulation... no matter what 'famous-blogger' Ben Bernanke says"
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Actually, the stifling of American enterprise is exactly what these commies want.
Exactly. The Banksters want it all. They are slowing robbing the 99.9% of everthing via endless printing of fiat money, used to buy assets exchanged for depreciating pieces of Fed Reserve Note Debt.
"these commies"
You know when "our leaders" warned us about "the communist threat" all those years ago they were just pissed off (as only one sociopath can hate another) that they had jumped in front of them in line. They had us on the "100 year plan" which they thought was so sly.
The Internal revenue Act and Federal Reserve act were just a couple of years old and bang! A totalitarian USSR state begins!
Meanwhile, here in the USSA...............
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We live in a Bankster run state
You actually live in a western version of North Korea
There's alot more food and stuff in this version . . . for now.
Thanks to food stamps.
When people can only find jobs at the huge corporations then the oligarchs and the government wins. No competition, poor quality, high prices will be the result and massive unemployment. Fucj this shit...these guys want to take us where the former USSR was and that turned out to be a shit show for decades (still is).
"Thanks to food stamps."
Mm mm, sounds delicious!
aka Banksta' Paradise
god bless his earnestness - just wish he'd point his finger at the obvious EVIL.
Jim Grant rocks.
DavidC
He sure does. Can't wait to read on bersnake's blog Jim G posts'.
Is it just me or does Jim Grant look like Bill Nye's older brother?
Great. We've been lying for so long that a single dose of truth would prove fatal. Maybe that's why the plan is just to keep lying.
Clearly
Jim Grant for FED Chairman. In a new NEW world order
I don't want a NWO. I want a world made up of many worlds where people are constantly experimenting, exchanging ideas and reflecting.
Don't be such an idealist. Don't you know that a command and control "managed" economy works best...for those in control.
Give him a break Doc; he's from Never-never land.
Excel Spreadsheet for the FED!
Very well spoken and clear thinking individual!
Jim is like the Sunday sermon. Everyone nods their head in quiet agreement but once they leave the church they go back to what they were doing.
Good men are rarely listened to until it's too late.
True! Except when the Kenyan went to Church!
"once they leave the church they go back to what they were doing."
Running down the slow moving on walkers and canes in the parking lot because they want a "good seat" at Easter brunch and can't bring themselves to packing a flask of vodka for the trip. No, these are upstanding citizens in the "community"
Where do the special people like you go?
Price controls = communism. It's as simple as that.
Mr. Yellen!!!! Tear down this printer!!!
Price controls are ........... Nixonian
Potato, pohtahtoh...
handfull of truth tellers. grant, roberts, paul, hughs come to mind. voices lost in the roar of bullshit created by the ptb. need some real pain & blood in the streets first b/4 change can come about.
The truth shall set you free!
Interest rates are notional, and a function of price, not a price. For now rates are held ABOVE zero because of the flooding of secondary markets in three month treasuries, not held down.
Negative rates are pretty much inevitable, since they are being aggressively priced in as a consequence of competitive currency devaluation. All that's needed is a little jawboning that suggests negative rates are in the cards, and traders will push rates into the negative.
Unmasked Naked Capitalism is ugly picture. It will hurt your eyes and mental health.
Unmasked Naked Capitalism is ugly picture. It will hurt your eyes and mental health.
Thinking like a alternate universe socialist warps & distorts all sensibilities.
" More or less permanently " Typical Economist talk. Less permanent is not permanent. it is temporary. More permanent is akin to never getting a job again.. So which is it ? Not that it matters, because we know what the Fed will do " more or less "
QE IV followed by QE to the moon until a "Japan like state" is achieved.
The ultimate problem therewithin are those very irrational & delusional processes that have been 'engineered' & set into action are 'badges of honor' & sources of intense pride for the socialists & marxists! They believe them to be the critical solutions to their needs & aspirations! A well-equipt police state ensures 'compliance & cooperation.'
This fine man is TOO SMART !!! Free markets?????? What?????
B.O. and his legions of demons want precisely to fuck with freedom.....
He is a slave trader by lineage. He consistently wants to enslave people...not enable them.
The arrogance and hummus they possess is mind-boggling. (OK,,it is hubris, but i hate that word)
AND WE LET IT CONTINUE.
we deserve what we tolerate.
and we will eat shit until all public pensions are retracted...taken back....and everyone goes into the same social security pool.
and every single one of the 'public slavers" that have permitted ANY...EVEN ONE CENT ....OF PUBLIC DEBT TO OCCUR ARE IMPRISONED
Until the debt is paid off.
They have ALL eaten cake and all deserve to be punished for the reckless abandon.
And then we elect a bunch of public "servants" with fiduciary responsibility.
If the government gives free money to the poor ...
If the banks create free money for the government ...
If the banks create free money for large corporations ...
If the banks create free money for hedge funds ...
If the hedge funds and large corporations pump up stocks with free money ...
Then who really needs to work and save?
Only the middle class.
Three CNBC muppets sit back and pick their noses while wiseman Jim Grant speaks truth.
Only 'cause he ain't Uncle Warren!
Well yes, but they have to endure the make up people rushing in during the break to touch up the semi-circle scars on their foreheads before they go "back on camera"
Wait a minute, 2 out of 3 CNBC "muppets" agreed with his assessment...I don't know about you, but those two are the only ones worth watching.
Wait a minute, 2 out of 3 CNBC "muppets" agreed with his assessment...I don't know about you, but those two are the only ones worth watching.
If you look at the way that the Fed runs the economy by Central Planning and the Federal Government the way they're spying on people and locking up more Americans than China and Russia combined,there's no difference between the way communism ran things in Russia and the way that the Government today runs the United States.Just different wording to describe it.
At least the commies were honest about what they were inflicting on the masses!
Honesty just doesn't work when you're attempting to create a reduced standard of living for the average citizen.
The guillotines await.
The banksters need to repay us.
A Three-Sigma Bond Market Black Swan Warning To Stocks
TND Guest Contributor: Dave Kranzler |
Gary Christenson has published an incredible statistical analysis of the 30-yr U.S. Bond market. The long bond hit 165 on March 25, marking an all-time high. More interestingly, it closed up nearly 12% from February’s month-end close. This was a 3.61 standard deviation change (i.e. a 3.6 sigma event) in terms of the average monthly rate of change over a data series that goes back to 1977 (In 1977 the 30yr bond became part of the Treasuries quarterly refunding operations).
To continue reading click here: http://thenewsdoctors.com/?p=463820
But this time, its different...
capitalism without bankruptcy is like Christianity without Hell.
Interest rate discovery?
Price discovery?
Free markets?
Potatoes?
Whats those Master?
The way to get people working is to give them a job when they ask for one.
Not a shit load of paper work interviews and trips to health care workers.
Allow people to once again walk up to a job site and say do you need help.
I will never want a job bad enough to give a resume to wash dishes I rather go hungry.
Kinda funny how man wants to intervene with universal life . . . believing that man is wiser and more powerful than the natural laws . . . always damning what can not be explained or controlled.