This Depression hasn't even started yet...
That's why I want Romney to win... Let Republicans take the fall for whats coming...not that they will...they always blame other people...for their looting...
The notion that we are "recovering" with 0% interest...and massive QE...ie money printing...is nuts...
And comparing this Depression to the RayGun Recession is equally nuts...when RayGun took over the FED had pushed interest rates to 20%...!
Back then the FED "took the punch bowl away"... We are way way way beyond that now...
Now the FED is the fearful fawning stooge of Wall Street speculators...
The FED has a fire hose turned on the trading floor of the NYSE....! Flooding it with cash...
And stupidly hoping that somehow it will "trickle down" to Main Street...!
The only problem is Main Street is not in the market anymore...Mom and Pop have been wipe out by the zero rates on savings...and the house price collapse...a double FED wammy!
All the printed FED money is going to China to build more factories...or sitting in the bloated cash accounts of American Corporations...who will want even more ...WHEN Romney takes over...!!
That's why I want Romney to win... Let Republicans take the fall for whats coming...not that they will...they always blame other people...for their looting...
The notion that we are "recovering" with 0% interest...and massive QE...ie money printing...is nuts...
And comparing this Depression to the RayGun Recession is equally nuts...when RayGun took over the FED had pushed interest rates to 20%...!
Back then the FED "took the punch bowl away"... We are way way way beyond that now...
Now the FED is the fearful fawning stooge of Wall Street speculators...
The FED has a fire hose turned on the trading floor of the NYSE....! Flooding it with cash...
And stupidly hoping that somehow it will "trickle down" to Main Street...!
The only problem is Main Street is not in the market anymore...Mom and Pop have been wipe out by the zero rates on savings...and the house price collapse...a double FED wammy!
All the printed FED money is going to China to build more factories...or sitting in the bloated cash accounts of American Corporations...who will want even more ...WHEN Romney takes over...!!
