Posted on 02/22/2015 8:13:01 PM PST by Jack Hydrazine
We don’t have a real economy anymore. We pump them up with money for nothing until they explode, like the housing bubble, and like the stock market bubble we have created now. Debt, ...no worries, print more money. It’s free. Greenspan is as much to blame for this sack of crap as anyone, so he should know where it is going.
Isn’t the Sukkot around Sept. 28?
“we really cannot exit this without some significant market event”
Body Mortgages.
“Its going to be interesting watching how the Fed goes about extracting itself from the position it now finds itself. Essentially, if they raise rates its going to cost the Fed a lot of cash flow and probably also cause a huge hit to their portfolio of long bonds as well. We could be talking hundreds of billions of dollars if rates just go back to 4-5% on the short end. In fact, I believe thats one of the reasons that the Fed has dithered so long on raising rates. It is likely to cost them a lot of money when they do so.”
They have been frozen in place by stimulus and the federal debt. Had Obama balanced the budget (or at least tried), we would have had a sharp, nasty contraction and a lot of banks would have gone out of business. A lot of people would have lost their money.
But it would have been over by 2010 and our economy would be humming.
Instead, the fed can’t act because the debt and deficit are too big, the home sale market continues in the crapper and the banks and their derivatives all depend on mortgages not defaulting. Higher interest rates bring the whole house of cards down. There are one of two courses:
a. Obama just freezes in place and lets the R’s take the fall for what’s coming in 2016. The more likely course, in my opinion.
b. Obama brings about the crash during his term and will use the chaos, poverty and unrest that accompanies it and uses it to justify truly fundamental transformation.
I laughed my head off when I saw this article and the comments at ZH. They’ve cussed this guy and said he’s a know-nothing and/or evildoer for years but now he’s a genius and “he’s finally telling the truth”.
When you change 6 years of zero interest rate policy you will have a market event?
No kidding.
“and a lot of banks would have gone out of business. A lot of people would have lost their money”
..and a lot of big “insurance” co., “global funds”, AIG, etc.,
The plan is actually quite insidious:
1. Force by law (bribed lawn), forced body mortgages on every citizen.
2. Leverage, at will (double the tax/penalty, then triple, while simultaneously increasing leveraged premiums. Forced teir levels. Premiums paying for “nothing” (ie. “out of thin air.”)
3. “Innocent” contact made (”checking”-inspection), to verify information (could be birthdate, place of employment, papers verifying type of body mortgage/Exchange-registration etc., (”insurance”).
4. Wrong tier/type of coverage (body-mortgage)”discovered.”
5. Tier “bumped”, assigned to another tier/exchange/higher level PENALty. #6
6. Back assets owed.#7
7. Pay or Asset REAL-estate seizure #8
8. Assets sold to _________ (bank-insurance/ and/or govt.)or new asset pool bought by other buyer(s), foreign or otherwise.
All actions above taken to isolated the individual, to avoid being noticed.
And if theres any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs its former Federal Reserve chairman Alan Greenspan.
...
I guess that means there is no single person out there who understands U.S. monetary policy.
Except for me of course. The operating theory of the FOMC, that increases in wages causes inflation is about as wrong as wrong can be, except maybe for the Global Warming Hoax.
You think you could explain that in English instead of disjointed conspirecese? My interest is genuinely piqued but otherwise it’s un-understandable.
Hmmmm....a double negative.
Does that mean it's derstandable?
Careful! You’re unhooking me from my gruntle! ;-)
Greenspan may be correct this time but that doesn’t change the fact he kept rates too accomodative for too long helping to lead to the crash of 08. He isn’t the brightest bulb out there.
It’s unclear to me whether anything the Fed does ever costs it’s anonymous members anything.
I think after or just before Obama leaves so they can lay the blame on the next President. I believe they are pulling out all the stops, straining at the seams to keep it all from bursting now, just when Obama is in the midst of planting mines all over America’s landscape.
Well, I'd say he, as Andrea Mitchell's husband, surely is not.
How were they resolved? Glass-Stegall has not been reinstated so banks can still gamble with customer's money. The "Bernanke Put" is still in effect, Derivatives are still based on nothing but Unicorn Farts and Fairy Dust and the Fed is still printing money faster than the donuts disappear at Rosie O'Donnell's favorite breakfast bar.
Oh yeah and Congress has spent more in the last few years than all the Congresses combined from the 20th Century back to the founding of the country.
The economy is based on nothing but Consumer spending and we have more people without work than anytime in the history of the country.
The bubble will pop. It is just a matter of when and how big the bang will be.
I got the sense he was trying to bolster the stagnant gold market...
That said, there doesn't seem to be any graceful way to return to "normal" and there will be pain. Then, we will discover how many trillions the big money players have managed to extract from the money-generation apparatus...
Buy ammo?
Rosh Hashanah is September 14th.
ooooooooooooooooooh crystal ball
DISMANTLE the FED
FAG
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