Posted on 09/21/2011 2:46:24 PM PDT by NormsRevenge
An exposition on “Operation Twist”:
http://seekingalpha.com/article/295156-twist-and-yawn
But I think the nub is in the posted article:
“The move is intended to drive down interest rates on long-term government debt”
Debt Uber Alles for America now.
I am of similar mind. The next president no matter whom will not be able to turn this around any time soon.
It is human nature to want the payoff with out doing the work.
That and no one really wants to view the reality. Even on this board.
Not sure if I was alive the last time we saw negative interest rates or if it’s happened before, in time of war?
The paths we tread today all lead to long-term debt.. for generations.. sad. It doesn’t have to go down that way.
It's hard , Baby. It's hard.
.
Looks more and more like the ‘30s every day. Have a progressive Food Stamp President, a clueless Fed. Chairman, and a Dem Senate. We only got out of the Great Depression because FDR died, not because of WWII. After WWII, the depression continued until Eisenhower and a Republican congress was elected. Truman was just as stupid and bad as FDR. If Zero is not voted out in 2012, the American people will relive the ‘30s with the addition of uncontrolled violence and rioting.
[ahem] That chart is for Jr Boosh’s terms............
Bush was not helpful. It was tough defending him then ... and now.
which only goes to show how BAD things really are now Sarajevo...I think we could see gold hit $2000-2500 next year and I’m not a “gold-bug”...I do know they are planning a Son-of-Tarp-cum-QE3 for 2012 and that will drag whatever residual value of the US dollar into to the toilet...that alone will make gold shoot up like a rocket....
Yep.
LLS
i believe in my heart that gwb is the greatest president in my voting lifetime.
i also believe he buckled under the pressure of the two presidential lib candidates that believed the stimulus was a good plan, and that an outgoing president should implement it...
that’s how i believe bush signed on to such a horrendous stimulus.
teeman
With stocks diving almost 500 points (as of now), I wonder if the Fed is getting the hint - they should shut the h$ll up!! My IRA is taking a beating thanks to these morons!!
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