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Kitchen Sink, bitchez!
The Fed will do nothing more than what it's done the last 2-3 months, which is to simply telegraph its intentions to bring commodity prices down and stimulate productive assets.
Is that so hard to understand?
And they couldn't be saying it more clearly.
GET WITH IT.
If the FED is smart it should do absolutely nothing.
Watch it sink, Bitchez!
We've become a nation beholden by a QE3/Financial heroin addicted market run by the head dope dealer Ben Bernanke. What we really need is Keith Richards advice - cold turkey. Not easy, but the alternative is worse. Do we as citizens have the guts?
Leverage is the heroin. QE is methadone.
For a bunch of people who say the Fed is dead, we sure do spend a lot of time talking about the Fed. Let's all stop empowering the Fed. Please?
CD: Like you don't keep watching NASCAR waiting for bouncing blonde boobs in the stand and that monster 8 car pile up fire ball crash...
we're so royally phukt. you have to ask yourself though what comes next and you'd be naive to think that TPTB don't have some end goal in mind. we can talk about global currency and things but what that really means, nobody knows, but more war, more "terrorist attacks, more QE, more austerity, and more of the 1% (or less) dominating the rest of us until....what? are we going to let "them" take the whole map or are we, the people, at some point going to revolt? This is the question. The political climate is still cool even in the wake of the debt ceiling debate, QE by every major central bank, global austerity, and there arent many policy tools left but people don't seem to care as long as they get their "check," football season is around the corner, and as long as war stays out of sight out of mind, why would we care? We should care because our country is a lie but we don't so are the globalists going to condition the masses to conformity or will we get up stand up?
here are some well written thoughts on that question:
"The steady impoverishment and misery inflicted by the corporate state on the working class and increasingly the middle class has a terrible logic. It consolidates corporate centers of power. It weakens us morally and politically. The fraud and violence committed by the corporate state become secondary as we scramble to feed our families, find a job and pay our bills and mortgages. Those who cling to insecure, poorly paid jobs and who struggle with crippling credit card debt, those who are mired in long-term unemployment and who know that huge medical bills would bankrupt them, those who owe more on their houses than they are worth and who fear the future, become frightened and timid. They seek only to survive. They accept the pathetic scraps tossed to them by the corporate elite. The internal and external corporate abuse accelerates as we become every day more pliant."
"The creation of a permanent, insecure and frightened underclass is the most effective weapon to thwart rebellion and resistance as our economy worsens. Huge pools of unemployed and underemployed blunt labor organizing, since any job, no matter how menial, is zealously coveted."
"There will be sectors of the society that, as the situation worsens, attempt to rebel. But the state can rely on a huge number of people who, for work and meager benefits, will transform themselves into willing executioners. The reconfiguration of American society into a corporate oligarchy is conditioning tens of millions not only to passively accept state and corporate crimes, but to actively participate in the mechanisms that ensure their own enslavement."
Read the full article here...it's quite good:
Happy as a Hangman
That's true, but watch 'The gangs of New York'. It simplifies all that.
Some asshole heard of the rioters coming but he wasn't that worried.
He said, "We'll just hire half of them to kill the other half."
I was shocked at the simplicity and TRUTH of that statement.
Rich pricks taking it all?
A tough nut to crack. Money really is POWER, and they have it all.
$250,000 check cut to every American citizen with one requirement, the money must first be applied to paying off debt. Boom, instant recovery. All TARP and other investments held by Treasury to be equally divided among citizens and deposited into savings accounts. Assets cannot be liquidated for x years or in the event of medical emergency or for education purposes. All citizens still on welfare programs must enroll and attend retraining programs to receive additional assistance. Non essential government employees must also attend retraining programs. Boom, instant recovery.
1) Proof of citizenship
2) Rewards irresponsibility and reinforces unaccountable spending
3) Creates just a wee, tiny, little bit of INFLATION
4) Completes the transition to statism
5) Is really stupid
Non essential government employees
6) $250,000 x 330,000,000=$82.5 Trillion
Yeah, and that is not even HALF the derivatives market. Oh wait, so the corporate elites already stole this?
Even better, just say all the debt in the USA is null and void. It's called a Jubilee, and has happened many times in the past. Your solution creates a lot of money, and in a debt free world all that extra money circulating would cause inflation. Repudiated debt deflates the money supply, which is too big anyway.
You should be running for office as this appears to be a politician's solution which in fact rewards those who live and continue to live beyond their means. I'm a taxpayer who lives within my means (even below them) and I'm not willing to bail out others with $250,000 of my hard EARNED tax $$. In the end it boils down to "the best predictor of current behavior is past behavior"... after your "big government" money and ideas expire we'd be right back where we started.
My solution: Cold Turkey!
That's it? A great big nothing sandwich? HAHAHAHAHAHA!!
Kasriel did a piece on this.
This piece has zero credibility for one because there was no "lost decade" in Japan. The author has probably never been to Japan. People who think there was a "lost decade" in Japan have their heads up their ass. Go to Japan and look around. Japan spend this so-called "lost decade" building their country and going into trade with China, which they are familiar with for hundreds of years. Only mainstream propaganda swilling rags adhere to the "lost decade" fallacy. People who know better, know it's a giant crock of bullshit.
Hhmm. Been to Japan many times. Everytime I go it gets more expensive by a factor of 10 and the quality of life for my colleagues over there is no better, most of their children left and never looked back. Beautiful country, but then there is that whole ring of fire issue and a serious energy crisis gripping the country.
Lets see what the BOJ does when the asian markets re-open. The $XJY went back up today to 127.50 from 125.37 as the euro ramped. This partially negates what the BOJ was trying to achieve with their easing from $XJY 130.22 on Wed. They must not be very happy about this. If they do nothing the Nikkei will plummet again.
If they intervene with more easing to save the Nikkei, expect Godzilla to hit the US Markets again Monday, like yesterday. If that happens then their might be incentive to announce "QE3". But I still doubt it because oil, commodities and unemployment are still too high. All resulting from QE1-2 imho. Next Tuesday is too close a date for a QE announcement. September might be a different story. But who knows really?
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