Jimmy Carter has been eclipsed in yet another of his dismal failures. Only because of money manipulation, has the dreaded appearance of “stagflation” been contained, as the “new money” created by the Fed has not ever gotten into general circulation.
But the containment will not last much longer, as the scarcities that mark a genuine failure to distribute goods and services easily and well, begin to grow and affect most every aspect of daily life. So we have the “stagnant” part of the equation.
the scarcities that mark a genuine failure to distribute goods and services easily and well, begin to grow and affect most every aspect of daily life
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We live in a false economy that is artificially propped up by the Fed. IMHO the longer this goes on the worse the consequences are likely to be when reality returns.
Wow... just thought of what’s going to happen...
The fed is pumping money, pretty much directly, into the stock market via preferred banks...
This money isn’t in general circulation as you say, but will be when they decide to sell and take their profits.
At some point, they’re going to stop the music, sell their securities, the stock market will crash along with everyone’s 401k & IRA savings, and we’ll be hit with the double whammy of hyperinflation as the money comes out of securities and into the general circulation.
As interesting as 2013 was, 2014 will be even more interesting. I’ve been saying the same thing for five years now. It’s true every time.
Obama will continue to lose his luster until the whole house of cards collapses. It could be this year, but I think 2015 will be even MORE interesting.;-)
It’s only a matter of time until Obama ends up being considered worse than former President HOOVER. It’s not like there’s going to be much out there that is going to realistically hiring anyone at any point.
I predict that the jobless will soar every few months as more and more businesses shut down or stop hiring at all.