Hey Fed: Put Your Money Where Your Mouth Is
By Vahan Janjigian - If Ben Bernanke and members of the Federal Open Market Committee really believed that "economic activity has continued to pick up", they would have increased interest rates by now. They can say the economy is on the mend until they are red in the face, but serious investors won't believe them until they actually start tightening.
posted by Vahan Janjigian | 12:30 PM
3 Comments:
I'm sorry, but Bernanke is a liar, and his policies are killing America, not saving it. I'm sorry to be so blunt here, but this is not capitalism. Heck, this isn't America! At least it is not the same America anymore. With the Fed and Treasury bailing out everything, printing money for dubious purposes, and intervening (directly or indirectly) into asset markets... This will end badly... I think we're turning Japanese (but with less saving!)
'm sorry, but Bernanke is a liar, and his policies are killing America, not saving it
- how do you say so?
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The Federal Reserve is a serial bubble blower. Asset bubble after asset bubble keep appearing. No debt-fueled asset bubble ever morphed into sustainable economic growth. Have you noticed that the fallout from these repeated bubbles keeps getting worse? And this time they are sacrificing the U.S. dollar to blow the biggest bubble of all... This is going to end in tears. I promise that. As for this not being America anymore, I am referring to the tattered condition of capitalism. Capitalism requires all these bad risk-takers to go down with the ship, not get bailed out by taxpayer money, so that they can keep stuffing their pockets while they lie about the solvency of their banks... All the while, Bernanke is protecting them, allowing them to lie about the value of the assets on their books, and illegally taking these toxic assets onto the balance sheet of the Federal Reserve. His policy of killing the U.S. dollar in order to reinflate assets steals money from the pockets of working people all over this country while enriching those who own the assets that he is inflating. Our founding fathers are rolling over in their graves...
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