Posted on 11/06/2010 11:32:14 AM PDT by Hotlanta Mike
The Keynesians finally got their wish. The Federal Reserve plans to inject $600 billion of the most caustic debt imaginable into the economy. This is the Agent Orange of monetary policies that has the potential to wreak financial havoc.
(Excerpt) Read more at americanthinker.com ...
I have seen this coming, I call it the Great Fall
Keynesian theory has been thoroughly refuted every time it is implemented. Why is it that something isn’t so unless a liberal agrees?
Nobody believes in this anymore. They are ideologically opposed to supply side solutions, and they have no imaginations, are scared stiff, so they robotically go about doing the only thing they know how to do - print money.
Keynesian theory has been thoroughly refuted every time it is implemented. Why is it that something isn’t so unless a liberal agrees?
The People spoke last Tuesday and said “We will not be slaves.”
Then, the Fed spoke and said, “Yes, you will and there’s nothing you can do about it as a voter.”
Lock and load, America.
In January Geitner and Bernanke must be called to account by the new Congress. The middle class and retirees are at great risk, just ask Argentinians.
http://www.time.com/time/world/article/0,8599,189393,00.html
http://www.guardian.co.uk/world/2001/dec/23/argentina.sophiearie
When this ultimately fails, with the idiot socialist economists finally realize the failure(s) of their ideology? Will then then go out and burn every single book on Keynesian “economics?”
Sounds like Carteresque stagflation to me, not Zimbabwe.
The sky won’t fall, but can the Republicans avoid blame for Obama’s actions? The Fed won’t have to print cash to buy Treasuries if Boehner really puts us on the 2008 budget. Businesses won’t be afraid to stay open if Obamacare is defunded and/or repealed. Opposing earmarks is a great symbol, but the substance of the budget is what’s important.
This will be the end of the US dollar, folks.
What they have done is buy us maybe 6 months if there is no black swan event.
Use that 6 months to prepare for very bad times for a long time.
*
>The People spoke last Tuesday and said We will not be slaves.
>
>Then, the Fed spoke and said, Yes, you will and theres nothing you can do about it as a voter.
>
>Lock and load, America.
That about sums it up.
later
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