Posted on 01/28/2011 5:18:56 PM PST by Frantzie
Jim Grant, who will never be accused of being a fan of the Criminal Reserve, and whose views on what will happen to asset prices in a printer-happy world are gradually being validated, appeared on Bloomberg TV, telling Margaret Brennan upfront that Bernanke owes the world an apology. Alas, after various revolutions around the world have been catalyzed by Bernanke's policies, we have a feeling that ever more oppressed people will soon see the Printer in Chief as a patron saint of violent revolution, alas against crony regimes fully supported by the US (and hopefully the US will view it the same way when its time comes). That aside, Grant's criticism of the Fed should really start to grate on the Chaircreature: "I think what would be very good for the Fed if there would be a confession, the Fed should confess that it has sinned grievously, and is in violation of every single precept of its founders and every single convention of classical central banking.
(Excerpt) Read more at zerohedge.com ...
80 to 1 leverage!
Where are all the Fed lovers and Ron/Eand Paul haters on FR?
Sounds like the 20’s. The media is cheer leading too.If anyone on CNBC hypes a stock ...run away!
and Goldman Sachs is the private arm of the Federal Reserve. These $%^&*&*( profited and then pillaged the USA for the benefit of their own. The Federal Reserve operates for Wall St not the USA.
Interesting take by Jim Grant and great comments at ZH. Thanks for posting, Frantzie and thanks to all of the outstanding posters at ZH.
The reason people loathe Ron Paul has nothing to do with his distrust of the Federal Reserve.
What do people think has been going on in America since 1913?We have no gold nor silver but we have tons of worthless paper that countries want to dump.
Speak for yourself and not others.
I’ll speak what I know to be true. I’ve seen enough Paul flaming around here to know what it’s about. And it ain’t the Fed.
The insiders will gang rape ya!
Speak for yourself.You don’t represent FR in the least bit nor anyone on this site so don’t make your opinion everyones opinion.You represent yourself and not they,we and everyone.
“We have no gold nor silver but we have tons of worthless paper that countries want to dump.”
I have 14 acres they can dump them on. I would even pay shipping.
He’s correct. The Fed IS manipulating the stock market. They have been pumping the market up before, during, and after the State of the Union speech by the Marxist grifter in the WH. this fact is widely known by savvy technical analysts.
One TA I follow is a Canuk, and he has been remarking for several days that the Feds are propping up the market for Obama. He (and many TA’s) are expecting the market to rollover anytime, but we’ll have to wait until the Feds finish their current manipulation.
“One TA I follow is a Canuk, and he has been remarking for several days that the Feds are propping up the market for Obama.”
Can you explain how they do that?
I hear people saying they are doing it but I would like to hear how it is actually being done.
I said exactly what I wished to say. And that’s what I’ll continue to do.
The Fed is NOT pumping up the stock market.
The Fed is pumping up EVERYTHING but the stock market.
The stock market does NOT reflect the sorry and sad state of the economy.
The stock market is not so much a place for investment but a global parking lot for money.
Money has flowed into the market because it is better place to park money than most places.
Because those who have the money are agreed that the U S stock market is as safe a place as any, the market has risen not because it is such a great investment but it safer than most other places.
Of course the Fed is pouring money on Wall Street - it is one of the few places to inject into the economy! Stop crying and get involved in the scheme, then spend your new found wealth to get the economy running again.
Observe, think, act!
They are manipulating the market plus they are destroying the dollar. In gold terms or a solid currency - the US stock is down 80% versus the 1990s. The real inflation hasn’t even kicked in here yet. Soon soon.
The Ben Bernank’s printing press has a lot to do with what is going on in Tunsia, Egypt and other countries. Obama/Ben’s printing will lead to an even more virulent Islam in the ME.
You are effing kidding right? The economy “ain’t going anywhere’ until the islamic is gone. I guess you do not know any people who create jobs and own small to medium sized businesses. Atlas shrugged Nov 2008 on election night.
Stop crying? LOL! Wait till The Ben Bernank’s printing press hyperinflation starts kicking in here. The global riots in the ME and maybe soon in China is Ben/Obama’s dollar printing inflation driving food and other prices up.
The market may be up but the dollar is dropping at the same level so you are not getting ahead.
Zimbabwe had their stock markets go up 15,000+% but the money became totally worthless.
Idiots who drooling over TV in this country elected Mugabe 2. He is actually destroying America faster than Mugabe destroyed Zimbabwe.
We are agreed the Fed are manipulating markets in a variety of ways.
They are not manipulating the stock market as Greenspan’s plunge protection team was accused of.
I believe S and P Futures contracts were bought during the Greenspan era to reverse market drops.
The Nasdaq has flown with Apple and Netflix without the help of helicopter Ben.
I am a daytrader and I have actively traded the market for almost two decades.
I understand gold, but NO market was manipulated like the gold market was manipulated until the last few years.
It was always believed that it was Goldman Sachs that was manipulating the gold market which was primarily a futures market not a physical market.
Lots of markets are being manipulated but I do not believe that equities or gold are being manipulated. That said as a daytrader I am more comfortable shorting daily highs than buying daily lows and today was a very good day to short those opening gap ups.
Tom DeMark? The guy is a legend in TA indicators.
The same thing somewhat occurred under Clinton but no where near the fraud we are seeing now.
This is like Weimar Germany. Most people have no clue what that is because they drool over Obama TV and wear Depends to avoid missing any brainwashing in HD.
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.