WITH AN ECONOMY THAT IS WRACKED BY INFLATIONARY PRESSURES...THE FED OPTED FOR AN INFLATIONARY "SOLUTION" TO THE MARKET SWOON...TO PRESERVE THE ASSET BUBBLES...EVEN WHILE INFLATION IS SPILLING INTO THE REAL ECONOMY EVERYDAY...
BERNANKE MUST LEARN THAT THE US ECONOMY IS ONE BIG ASSET BUBBLE... ASSETS VALUATIONS ARE ALL THE US HAS GOING FOR IT... THERE IS NO REAL "MANUFACTURING" GOING ON EXCEPT IN THE MILITARY AREA...WHICH IS TOO SENSITIVE TO SEND TO CHINA...
THE "JOBS" THAT ARE BEING "CREATED" IN THE US ARE ALL LOW PAID SERVICE SECTOR JOBS... MOST ENGINEERING AND IT WORK IS BEING DONE IN INDIA OR ASIA NOWADAYS...
SO THERE IS VERY LITTLE THAT CAN BE DONE TO STOP THE COMING WEAKENING OF THE DOLLAR...THE MOST THE FED CAN DO IS SLOW IT DOWN A BIT WITH BIZZARO HEAD FAKES...AND DOLLAR DEVALUATIONS THAT ARE HIDDEN BY TEMPORARY GOLD AND OIL BASHING...
BERNANKE IS IN A LOSE-LOSE SITUATION... HE REALLY HAS BEEN GIVEN NOTHING TO WORK WITH... THE US ECONOMY IS A HOLLOW SHELL OF IT'S FORMER SELF...THERE IS NO WAY THE MASSIVE DEFICITS IN TRADE AND DOMESTIC/DEFENSE SPENDING ARE STOPPED NOW....
ALL THAT CAN BE HOPED FOR IS THE "ILLUSION" OF STABILITY AND A HOPE THAT THE IGNORANT AMERICAN PUBLIC WILL REMAIN APATHETIC TO DECADES OF LOOTING IN THE US ECONOMY BY THE INTERNATIONAL CAPITAL ELITES AND THEIR PAID STOOGES IN WASHINGTON AND NEW YORK...
THE AMERICAN PEOPLE ARE VERY VERY STUPID TO BE SURE... BUT I'M NOT SO SURE THEY ARE AS STUPID AS WALL STREET AND WASHINGTON HOPE THEY ARE....
