Federal Reserve, Congress and Big Three Automakers Enter Mexican Standoff
Tuesday, November 18th, 2008
The federal reserve cannot lower interest rates to 0%
Hyperinflation as mortgages are re-valued will be fast and furious.
The Fed is impotent. The problem is too big for the Federal Reserve.
Oh. Wow.
John Maynard Keynes Was Right: “Money Doesn’t Matter”.
In fact, walking down the street and giving money to random persons would make them happy in the short-term. However, in the long-term, they will find themselves utterly miserable from the lack of purchasing power for food, heating, cooling, and smoking.
The currency is about to go to zero.
There is nothing we can do to stop it.
So, what do we do next?
The Fed now has no recourse to stimulate the economy. Just like in the TV drama ‘ER’, the crash cart was charged to 0.25 point cuts and 0.75 emergency cuts. Now, look at what is happening …
Runaway Inflation has seized the consumer economy. Now, the economic meltdown accelerates.
What has happened to my country? ![]()
As time passes, people are beginning to wake up and understand the grim reality.
Well, the U.S. Federal Reserve and the Hong Kong Monetary Authority are running out of ammunition (interest rate cuts) to help stabilize the economy and maintain the feeling that people are wealthier.
Even the ultra-rich elite people feel poorer, and THAT is grounds for deep concern.
Oh! My goodness!! A grease fire.
A normal person would turn off the stove.
Then cover the pan to snuff the fire.
Nope, not the federal reserve.
When the money is burning and losing value, they throw more money on the pile of burning money.
How smart is that?
Three witches enter.
Job Witch: Ahh. My wage is half it used to be.
Money Witch: My paper is worthless.
House Witch: My home is not my home. Tis my burden now.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Job Witch: Send my position overseas,
ignore my tireless plees, for prosterity,
and other sundries irrelevant.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Money Witch: Make me cheap, pricey to make,
leave shocked consumers, in my wake,
print to death, my soul you take,
as much as you need.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
House Witch: Bring the crooked to my hearth,
show them riches from the start,
job not needed, tax-free cash,
hide the earnings,
in your stash.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Shhhh. Hear the crackle. Hear the burn. Hear Uncle Sam’s stomach turn. Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. POP!
haha
you mean there is a difference?
Both are symptoms of fractional banking.
Buckle up for earnings season.
This blog. It sounds so strange, yet familiar.
I am come from a much older of the Matrix.
My core memory is dual.
As such, my histories rhyme, at every point in time.
So life is sublime,
So it goes.