THE FED HAS IT'S HANDS FULL WHEN IT COMES TO "SAVING THINGS" THESE DAYS...
FIRST, IT WAS THE STOCK BUBBLES IT WAS GOING TO SAVE...
THEN THE REAL ESTATE BUBBLE...THEN THE BANKS AND BROKERS...
PERHAPS SOMEDAY THE DOLLAR...
BUT ULTIMATELY...?
THE FED WILL BE TRYING TO SAVE ITSELF!
THE FED IS WAY, WAY OUTSIDE OF IT'S MANDATE NOW...AND IT HAS BEEN FOR YEARS...
CAN WE EVER GET BACK TO BASICS IN CENTRAL BANKING IN THE US....?
YOU KNOW....A FED THAT PROTECTS THE DOLLAR...STABILIZES PRICES....
AND MOST OF ALL....
TAKES THE PUNCH BOWL AWAY WHEN THE SPECULATORS ON WALL STREET GET TOO EXHUBERANT...!!
REMEMBER THOSE DAYS....?
IT WASN'T THAT LONG AGO THAT THE FED WAS FEARED BY WALL STREET... THE FED WOULD EVEN RAISE RATES IF THE SPECULATION GOT TO FRENZIED...
TODAY THE FED IS DESPERATE TO BE "LIKED" BY WALL STREET...AND DARES NOT CHALLENGE THE SPECULATIVE EPISODES...
LATELY IT'S A "BUBBLES-R-US" FED... EVER SINCE THE US ECONOMY BECAME A HOLLOWED OUT SHELL...RUNNING ONLY ON THE HISTORIC ROLE OF THE DOLLAR...AND THE ASSET BUBBLES.
INSTEAD OF "DON'T FIGHT THE FED".... IT'S "DON'T FIGHT THE STREET!"
AND THAT'S REALLY WHEN THINGS GOT OUT OF CONTROL....AND LED TO OUR "CURRENT DILEMMA...!"
