ALMOST EVERYONE AGREES THAT THE FED'S "QE FOREVER" PROMISE TO WALL STREET HAS DISTORTED THE GLOBAL ECONOMY...AND IS NOT REALLY WORKING AS PLANNED.
THE NOTION WAS THAT MONEY PRINTING WOULD BE KEYENSIAN ECONOMICS ON STEROIDS...AND REPLACE FISCAL STIMULUS IN THE US...
BUT WHAT QE HAS DONE IS BOOST OVER BUILDING AND OVER PRODUCTION GLOBALLY... EVEN AS GLOBAL WAGES HAVE BEEN DEPRESSED AND CONSUMPTION HAS FALLEN
OVER PRODUCTION AND OVER BUILDING IN CHINA IS NOW A SERIOUS DRAG ON THE GLOBAL ECONOMY...
AMERICANS ARE NOT CONSUMING...AS LOW WAGE JOBS LIMIT DISPOSABLE INCOME...AND MASS UNEMPLOYMENT HAS PERSISTED...
THE QUESTION IS...DID THE FED'S QE 'CURE' THE 2008 CRASH...OR ONLY DELAY IT...?
MANY NOW FEEL THAT A BIGGER CRASH IS COMING AS A RESULT OF QE... QE DID NOT TRICKLE DOWN TO THE MASSES AS PLANNED... RATHER THE RICH AND WALL STREET HAVE HOARDED THE NEW MONEY PRINTED...AND PUT IT INTO STOCK AND BOND INVESTMENTS...AND A LITTLE INTO ENMASSE REAL ESTATE PURCHASES
THE MASSIVE RISE OF PAPER ASSETS HAS BEEN THE NET RESULT OF EXCESSIVE QE...AND NOW THAT IS IN THE PROCESS OF UNWINDING...
ULTIMATELY...? PROBABLY A COLLAPSE OF GLOBALISM AS NATIONS REALIZE THAT ALL ECONOMIES ARE LOCAL...
THE WAY THE FED AND CONGRESS HANDLED FREE TRADE HAS BEEN TOXIC TO AMERICANS AND THE WORLD...
EXCESS AND GREED DOES NOT CONQUER ALL!
THE NOTION WAS THAT MONEY PRINTING WOULD BE KEYENSIAN ECONOMICS ON STEROIDS...AND REPLACE FISCAL STIMULUS IN THE US...
BUT WHAT QE HAS DONE IS BOOST OVER BUILDING AND OVER PRODUCTION GLOBALLY... EVEN AS GLOBAL WAGES HAVE BEEN DEPRESSED AND CONSUMPTION HAS FALLEN
OVER PRODUCTION AND OVER BUILDING IN CHINA IS NOW A SERIOUS DRAG ON THE GLOBAL ECONOMY...
AMERICANS ARE NOT CONSUMING...AS LOW WAGE JOBS LIMIT DISPOSABLE INCOME...AND MASS UNEMPLOYMENT HAS PERSISTED...
THE QUESTION IS...DID THE FED'S QE 'CURE' THE 2008 CRASH...OR ONLY DELAY IT...?
MANY NOW FEEL THAT A BIGGER CRASH IS COMING AS A RESULT OF QE... QE DID NOT TRICKLE DOWN TO THE MASSES AS PLANNED... RATHER THE RICH AND WALL STREET HAVE HOARDED THE NEW MONEY PRINTED...AND PUT IT INTO STOCK AND BOND INVESTMENTS...AND A LITTLE INTO ENMASSE REAL ESTATE PURCHASES
THE MASSIVE RISE OF PAPER ASSETS HAS BEEN THE NET RESULT OF EXCESSIVE QE...AND NOW THAT IS IN THE PROCESS OF UNWINDING...
ULTIMATELY...? PROBABLY A COLLAPSE OF GLOBALISM AS NATIONS REALIZE THAT ALL ECONOMIES ARE LOCAL...
THE WAY THE FED AND CONGRESS HANDLED FREE TRADE HAS BEEN TOXIC TO AMERICANS AND THE WORLD...
EXCESS AND GREED DOES NOT CONQUER ALL!
