OK. OK....
YOU HEARD ABOUT ALL THE MONEY PRINTING TO "STOP DEFLATION" BY CREATING INFLATION...
WHAT'S GOING ON...?
CONSIDER:
BERNANKE IS TRYING TO STOP THE CRASH...STOP THE DEFLATION BEFORE IT HAPPENS...
BUT THE DEFLATION SIMPLY MUST HAPPEN TO "FLUSH THE SYSTEM"...IT'S THAT SO CALLED "CREATIVE DESTRUCTION"... AND ALL THAT ROT...
BY TRYING TO STOP THE CRASH...BERNANKE IS SIMPLY TRAPPING THE "TOXINS" INSIDE THE SYSTEM...THUS MAKING THE SYSTEM EVEN SICKER...
WHAT IS REALLY NEEDED NOW IS A CRASH...A FLUSH OF THE SYSTEM...A DEEP CLEANSING OF THE BUBBLE TOXINS...
UNLESS AND UNTIL THAT HAPPENS...THE FED IS REALLY KILLING NOT CURING THE ECONOMY...
I THINK MAYNARD WOULD SAY: LET THE SYSTEM FLUSH...
THEN PROVIDE LIQUIDITY TO THE NEW, CLEANSED SYSTEM TO HELP IT RESTART...
JUST PRINTING MONEY FOR THE DEGENERATE BANKS ALL AROUND THE WORLD...AND BAILING OUT THE FAT CATS...WILL NEVER "DEEP ROOT WATER" THE NEW SYSTEM THAT IS NEEDED NOW...
LET IT CRASH...THEN PROVIDE THE "LIQUIDITY" TO HELP THE NEW SYSTEM TAKE ROOT...
THINK SPRING!!
FORGET THE DRIED UP ASHES OF OUR NOW DECAYED FINANCIAL "WINTER" OF THE LAST TEN YEARS...
BERNANKE HAS MIS-READ KEYNESIAN THEORY... HE HAS TAKEN TOO SIMPLISTIC A VIEW OF THE REAL THEORY BEHIND KEYNES'S IDEAS...
REMEMBER THE DEPRESSION OF 1932 HAD HAPPEN BY THE TIME KEYNES WAS "HIRED" TO SOLVE THE PROBLEM...
THE 1930'S DEFLATION HAD HAPPEN...BEFORE KEYNES BEGAN WORKING ON THE PROBLEM.
FOR EXAMPLE:
I DON'T THINK KEYNES WOULD HAVE SAID PRINT MONEY LIKE MAD TO "SAVE THE 1929 BUBBLE"...
WHICH IS ESSENTIALLY BENANKE'S POSITION NOW...
BENANKE IS TRYING TO "SAVE" THE LAST BUBBLE...NOT ...AS KEYNES WAS DOING...PROVIDING LIQUIDITY TO THE CLEANSED ECONOMY AFTERWARD...
