THE FED SEEMS TO THINK THAT THE US ECONOMY CAN NOT AND WILL NOT "RECOVER" WITHOUT A RESTORED ASSET BUBBLE...
HENCE THE NOTION THAT THE BIG BANKS SHOULD BE ALLOWED TO LOOT THE TREASURY TO "SAVE THE SYSTEM...!!"
WELL THE BANKS HAVE BEEN LOOTING THE SYSTEM WITH THE BLESSING OF THE FED AND TREASURY...SINCE SEPTEMBER OF 2008
THE STOCK BUBBLE IS BACK...AFTER A FASHION...
BUT THE ECONOMY IS PATHETIC...
AND GAS IS GOING UP EVERYDAY NOW...
CLEARLY, BERNANKE'S ONE DIMENSIONAL VIEW OF KEYNSIANISM...AND HIS "READ" ON THE DEPRESSION MAY BE WRONG...
CONSIDER:
WHAT IF THE FED IN THE 1930'S WAS NOT "WRONG" ....AS BERNANKE HAS STATED...?
WHAT IF THE 30'S FED WAS ONLY DOING IT'S JOB....
AND KNEW THAT A "GERMAN STYLE" FLOOD OF LIQUIDITY COULD NOT "CURE" THE BURST LIQUIDITY BUBBLE OF1929...?
WHAT IF BERNANKE IS WRONG? ...AND THE FED IN THE 30'S WAS RIGHT...?
THERE IS SIMPLY NO EASY WAY OUT OF A MASSIVE ASSET BUBBLE...AND CERTAINLY THE ANSWER IS NOT MORE LIQUIDITY.
THE BIG BANKS AND WALL STREET HAVE NOW LOOTED THE ECONOMY...
WORSE... THEY ARE LOOTING THE US TREASURY WITH THE BLESSING OF THE FED...!!!
DO YOU SEE ANYTHING WRONG WITH THAT PICTURE...?
AT LEAST IN THE 30'S THE FED DID NOT CAVE IN TO THE WALL STREET INTERESTS...
AND TAKE THE "WIEMAR OPTION" OF PRINTING MASSIVE AMOUNTS OF MONEY...!
BUT THEN...
THE WIEMAR DISASTER OF THE 1920'S WAS HISTORICALLY A LOT CLOSER TO THE 30'S FED...THAN IT IS TO BERNANKE'S FED.
SOMEONE SHOULD ASK BERNANKE: IF HE ALSO STUDIED GERMANY IN THE 20'S...AND NOT JUST THE FED IN 30'S ...
