"Fast Cash" by Dorian Electrahttp://www.youtube.com/watch?v=l4L_-4LbWRk&list=PL-B3B24cmBA2gPR8Ur36zUQTAGxqjX6ki
A fun explanation of what happened and what will happen.
Posted on 06/22/2013 6:04:33 PM PDT by blam
FWIW I was listening to Larry Kudlow’s radio show today and he said basically the same thing.
I think.
This monetary stuff is very obscure to me.
What we are seeing in this “recovery” is the reduction of the middle class. The elite are still the elite, the poor are still bought off with EBT cards and bling. And it is deliberate. Jarrett and Axelrod are doing what all good communists do.
"Fast Cash" by Dorian Electrahttp://www.youtube.com/watch?v=l4L_-4LbWRk&list=PL-B3B24cmBA2gPR8Ur36zUQTAGxqjX6ki
A fun explanation of what happened and what will happen.
see post 23...it won’t be so obscure. :)
Absolutely. That’s why the wheelbarrow analogy doesn’t fit. Yes, the currency will be inflated causing prices to rise, but the paychecks will remain the same.
In a talk with another FReeper the other day, she told of a meeting with all the managers in her firm. Cut, cut, cut was the buzzword of the day. They were told that keeping their jobs was their raise this year.
And they ask me why I buy gold.
But Bernanke said he isn’t worried.
Apple did not too long ago. Their CFO must be laughing now.
This house of cards has been carefully constructed. But, like all houses of cards, it has no stamina.
We shall soon see the horrific collapse of this house. Look at all the hell released when Bernanke gave the slightest, barest hint he may slow down or turn off the money machine.
Imagine what will happen when he finally does slow it down.
Wall St thinks we should have ZERO interest rates forever. They love their cheap labor & cheap money. It’s going to end....
sfl
Fact is, Bernanke did not say this. Fwiw, he will continue the stupid QE fake fiat electronic money. The rumour drove the drop in the market, and shorts took their profits.
Krugman, goes without saying... is a complete obamaumau moron, and a true fool.
My name for Bernanke is “Pedro Bernanke” ... This from the fact that he was once a waiter (kid you not) at “Pedro’s South of the Border” on the SC state line on I-95. Don’t believe me? There is an interchange there named “Ben Bernanke Interchange” Kid you not.
Family has been in Dillon, SC since the war of northern aggression. Merchants since before 1860. Jewish fwiw.
I can relate to that ..though last year...they announced no employee appraisal which equals no raises. Cost of living went up so we basically got a pay cut...to keep our jobs.
When did they take out the things I need to live from the inflation index?
You know, food, gas, heating oil, natural gas, health insurance premiums...
Wall Street has been dead through the QE years. Interest rates have remained stable seemingly without risk. Investors sacrificed quality for higher risk to realize any yield. The FED has leveraged their balance sheet, buying back MBS, treasury bills, bonds and notes to an unimaginable amount ! Reminds me of the little Dutch boy plugging the dike with his wee finger. Bernake is about to stick his finger in his own hole. Free markets can’t and won’t absorb all this worthless debt. The market is always right and like God almighty, judgement day is coming when true values will once more be determined on the street.
Bush’s Fault!
Yeah, what is that government-produced graph must be based on?
Hey Paul, you can’t dodge bubbles forever. And Shalom has just kicked the can down the road to his successor.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.