Saturday, August 4, 2007

BUT CAN THE FED "CUT RATES" IN THE FACE OF A PLUNGING DOLLAR.

I ENJOY HEARING THE ASSHOLE PUNDITS TALKING ABOUT THE FED "CUTTING RATES" TO SAVE THE MARKETS...OR THE VARIOUS BUBBLES THAT HAVE COME TO CHARACTERIZE THE US ECONOMY...

IF IT WAS JUST A MATTER OF PRINTING MONEY AND CUTTING RATES...THE FED WOULD BE SHOVELING CASH OUT THE DOOR LIKE THERE IS NOT TOMORROW...AS INDEED THEY WERE FOR A WHILE IN THE 90's....

BUT THE REAL ISSUE IS HOW TO SAVE THE DOLLAR...NOT HOW TO SAVE THE BUBBLES OR THE DOW...

THE DOLLAR IS WEAK...PLUNGING EVEN...BUT BECAUSE IT IS A "NO GO ZONE" FOR THE FED AND THE PUNDITS...WE NEVER HEAR ABOUT IT...

OF COURSE IT IS DISCUSSED AMONG THE ELITES PRIVATELY ....BUT WE AREN'T SUPPOSED TO KNOW ABOUT THAT....

WITH THE DOLLAR COMPLETELY TIED TO OIL AND GOLD...ANY PLUNGE IN THE DOLLAR...CAUSED BY THE FED LOWERING RATES...WILL SPIKE THE PRICE OF OIL...AND PERHAPS EVEN LOWLY GOLD... AND CAUSE EVEN MORE INFLATION THAT WE HAVE ALREADY....

THE WORD "STAGFLATION" IS NEVER NEVER USED IN THE US MEDIA...AND WHEN IT IS...IT'S HUSHED UP ASAP... ANY PUNDIT MENTIONING STAGFLATION TOO OFTEN...WILL SOON FIND HIMSELF TALKING TO HIS BLOG....!

ALAS, SO MUCH OF WHAT IS IN THE MSM IS JUST PURE BULLSHIT...BUT IT IS ALWAYS "ELITE SANCTIONED" BULLSHIT...EVEN TO THE VERY END.