YET BERNANKE CONTINUES TO PRINT MONEY...MAINLY FOR THE BIG BANKS...AND LOWER RATES...
EASY MONEY IN THE FACE OF AN IMPENDING INFLATION DISASTER!!
WHAT'S WRONG WITH THAT PICTURE...
THE BERNANKE FALLACY IS THAT THE US ECONOMY CAN NOT SURVIVE WITHOUT IT'S BELOVED ASSET BUBBLES...
AND HE MAY BE RIGHT...THERE IS VERY VERY LITTLE LEFT IN THE US ECONOMY NOW...
BUT WITH THE DOLLAR ...NOT SHY...ABOUT FALLING...
THIS REASONING HAS A SHELF LIFE ONLY A BIT LONGER THAN A LOAF OF BREAD!!
THE GRIM FACTS ARE THAT THIS IS 1972... AND WE ARE EASING INTO A CRISIS OF CONFIDENCE IN THE FED OF HISTORIC PROPORTIONS...
THE ONLY PROBLEM IS THAT THE US ECONOMY IS MUCH MUCH WEAKER NOW...FROM A MACRO ECONOMIC STANDPOINT...THAN IT WAS IN 1972...
IN 1972 "MADE IN USA" WAS A GLOBAL BRAND...IT WAS EVERYWHERE...YOU COULD NOT ESCAPE IT!
TODAY, "MADE IN USA" IS ONLY FOUND IN THE ANTIQUE SHOPS!!
US EXPORTS TODAY ARE MAINLY "POST/PRE-INDUSTRIAL" THINGS LIKE SCRAP METAL, PULP PAPER, AGRICULTURAL "RAW" PRODUCT...ETC.
ALL HIGH MARGIN "VALUE ADDED" WORK IS DONE IN THE LOW WAGE COUNTRIES NOW...
THANKS TO THE TOTAL DOMINATION OF INTERNATIONAL CAPITAL IN THE US MARKETS.
SORRY AMERICA AND AMERICANS .... YOU LOSE!!
