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What's going on, Rockpuck? Ain't that all crazy?
The system of freeways was built for cars, and the municipal public transportation wasn't expanding at the rate it used to.
Originally posted by stander
I see some detours . . . Or maybe someone lost his way.
That way Mr. Goldman.
You are very welcome. Drive carefully.
Tomorrow?? Probably nothing of consequence.
All this chicanery falls under the guise of QE, the fugly part is that the FED isn't being honest with us or the other CBs in the game...
...The "big picture" here is this. Other CBs (read: China) are NOT buying our debt anymore, but the FED is trying to fool the American Public - probably starting with CONgress on down to us - that everything is fine and dandy, we can keep pulling forward the debt & all will be fine.
Well it's NOT fine. Traders have noticed that money is coming out of nowhere to buy stocks, commodities, etc & everyone has been wondering where it's coming from, well now we know - the FED is monetizing the debt to artificially prop the markets through the PDs...
If another major country STOPS their QE, and we are in a position where we can't, then we see a HUGE IMPLOSION.
But for right now, I would wait to see how the world reacts NEXT WEEK to the revelation that the FED is playing a competitive game of "HIDE THE SAUSAGE"
AIG logs first quarterly profit since 2007
Troubled insurer's second-quarter revenue declines 18%, but company earns $1.8 billion after six consecutive losing quarters.
Originally posted by pause4thought
Karl Denninger puts it in a nutshell:
Taken from the thread that broke the news on ATS:
Blatant monetization uncovered
The government revised job losses for May and June to show 43,000 fewer jobs lost than previously reported.
as one poster said the monetized money by the fed is not going to inflation it is going toward gov't spending.......
telling the truth could be seen as subjecting the USA to another financial fall
And when the choice is tell the public and foreign holders of debt the truth vs. continue to put on our best face in the most obtuse way and under the flexibility of deception granted to him under national security exemptions and the consequences of this is the delicate economy or dollar the answer in poltics is SIMPLE! no brainer!
Denninger i think just realizes that he can use his popularity to leverage enough outrage to .........who knows what........take bernanke out of the fed?........and bring in who......him? I can assure you nobody in their right mind would want the job in the fed
so now what......oh....you want congress to control the money supply like in the constitution? well that is a NIFTY idea......too bad that only makes sense when the congress is HONEST.....and not beholden to lobbyists.....
Originally posted by Hastobemoretolife
reply to post by pause4thought
I think we should try our hand in a semi-free market money system. Let towns and states start their own money and see how it goes. Monopolies aren't any good anyway you look at it, I say we should apply the same reasoning to currency. The strongest one will always win out that way.
Of there are some problems that need to be worked out with that idea, but nothing too major. Right now the Fed has a monopoly on paper that poses as currency when in reality it is nothing more than debt.