THE GREENSPAN PUT GUARANTEED THE US STOCK MARKET BUBBLE...
THE NEW BERNANKE GLOBAL "MEGA-PUT" IS ESSENTIALLY A GUARANTEE TO PRINT MONEY TO SAVE THE ENTIRE WORLD ECONOMY...
A.I.G. IS NOW A CONDUIT FOR FED MONEY TO PASS AROUND THE GLOBE...
THE FED HAS BECOME THE MARKET MAKER OF LAST RESORT... ESSENTIALLY EATING EVERYTHING IN SIGHT WITH NEW PRINTED MONEY...
GOLD HAS SOARED...OIL IS SOARING...THE DOLLAR IS PLUNGING...
THIS IS ALL AS EXPECTED...
BUT WILL ANY OF THIS TRICKLE DOWN TO THE CONSUMER...AND THE REAL ECONOMY.
CAN THE HOUSING BUBBLE REALLY BE RESTARTED...AND WHY WOULD YOU WANT TO RESTART THE HOUSE BUBBLE?
PROVIDING MONEY FOR THE HOUSING BUBBLE IS REALLY JUST A SUBSTITUTE FOR THE FACT THAT THE US ECONOMY IS A HOLLOWED OUT ZOMBIE.... THERE IS REALLY NOTHING INSIDE THE US ECONOMY NOW...
DECADES OF SHIPPING PRODUCTION TO CHINA...AND SUBSTITUTING BUBBLES FOR WAGES...AND PRODUCTION HAS FINALLY REACHED THE TERMINAL STAGES...
BERNANKE IS SIMPLY FOLLOWING THE "KEYNESIAN COOKBOOK" NOW...FLYING BLIND.
BENENAKE IS FLYING THE ECONOMY "ON INSTRUMENTS"...THERE IS NO VISIBILITY...
WHEN THAT HAPPENS THE LAST THING YOU SEE IS USUALLY THE TOP OF A MOUNTAIN...
BERNANKE ASSUMES THAT THE "1932 MISTAKE" WAS THE LACK OF LIQUIDITY FROM THE FED....
ALAS, I'D LIKE TO HEAR BERNANKE'S TAKE ON THE "1922 MISTAKE" THAT WAS MAKE IN GERMANY WHICH CAUSED THAT HYPER-INFLATION....
SO FASTEN YOUR SEAT BELTS...
THE NEXT STOP FOR THE US ECONOMY MAY BE IN ZIMBABWE...!
