[EBH]

Lalalalalalala.....

Whistling past the graveyard....

Can you hear us now?

Didn’t think so.

[lurk]

This silly bunch thinks Bernanke and the President are listening.

[cripplecreek]

Its kinda funny. I’ve been watching a show about counterfeiting on the History channel this morning. Hitler printed British pounds in an attempt to destroy the economy of Great Britain.

[henkster]

Everyone is blasting the Fed over this, and they are missing the point, or target, of the criticism. The Fed has no choice but to conjure up $600 Billion, and will have to conjure up a lot more in the next year.

Our government is spending money like there’s no tomorrow (in fact, by spending so much money they are guaranteeing it). There isn’t enough credit on foreign markets to buy up $1.4 Trillion every year in bonds. So, in order to cover the deficit, the Fed is printing money.

It’s not their fault; the fault lies in the teleprompter puppet president and the socialists in Congress. They’re the ones writing the checks and the Fed has to cover them somehow.

Right now, printing money is the only way to do it, and as stated, they just don’t have any choice.

[Sacajaweau]

The G20 folks also had much to say about this. Let’s be honest, Obama got his a** kicked on that trip.

[darth]

I have a very savvy friend who has made a killing in bonds over the past two years.

He said yesterday that he thinks the bond bubble is going to pop soon.

He has never been a survivalist or chicken little, but now he is stocking up on food and ammo. Says he’s actually scared.

[The Comedian]

The Federal Reserve's latest attempt to boost the U.S. economy

First error. They are trying to increase inflation, specifically, re-inflate the real estate bubble. That does not equate to "boosting the US economy", it just means saving the banks again.

is coming under fire from Republican economists and politicians,

Actually it's Austrian School economists and anyone, and I mean *anyone* who understands the issues of a fiat currency. I can only dream that it would be "Republicans".

threatening to yank the central bank deeper into partisan politics.

The "central bank" is off into the far Left hinterlands of Keynesian moonbattery, and any criticism of its idiotic murder/suicide currency policies is "partisan" only in that it is pro-American dollar survival.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Hoodat]

The only way they can achieve this is to immediately initiate $600 billion in spending cuts. The ONLY reason the Fed did what it did is because the government needs the cash to continue functioning. It has nothing at all to do with stimulating the economy.

Eliminate $600 billion in planned spending over the next few months, and the Fed can erase the $600 billion monetary expansion.

[The Comedian]

"Economic Holocaust" ping.

Moderate (but increasing) volume ping list.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[SunkenCiv]

Sudeep Reddy's body of work shows why there's so much anti-Republican spin in this piece, which can only be termed (at best) an op-ed (it's basically agitprop). Thanks Qbert.

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