PDA

View Full Version : QE2- Death of creature named market.



Luke
5th November 2010, 18:51
Disclaimer: Markets are dead. American dream probably too. That is bad news.
BUT there are good news: we can learn from mistakes that led us here and build something entirely else, using knowledge we gathered.
Also, seeing how we had been had allows for better traps/false prophets spotting.

As a primer:

Requiem for America
(http://www.zerohedge.com/article/guest-post-requiem-america)

America, that grand experiment created to probe the limits of human freedom, liberty and equality, has succumbed to its many injuries and passed away. The exact time of death is uncertain, the causes many.

America was always, until its demise, a work in progress, but that progress stopped. The country lost its way, forgot where it was headed, and fell prey to a host of enemies, all of them coming from within.

The coroner has yet to announce the cause of death, not yet sure if it was murder or suicide. That almost does not matter, however, since dead is dead.

In partnership with an equally incompetent Fed Chairman named Bernanke, America engaged in the greatest wealth transfer in the history of the world, from the most innocent to the most guilty.

These two men, along with those who appointed or confirmed them, had the audacity---or stupidity---to tell us that the solution is the problem is the solution.

A collapse resulting from excess debt was to be solved…with more debt. A country suffering from excess spending was to…spend more. The people whose actions had been the prime cause of the collapse…were to be made more than whole again with someone else’s money. The existence of institutions whose enormous size afforded them a finger on the financial nuclear trigger…were not only to be allowed to remain too big to fail, but they actually were encouraged to become even larger.


We’ve just embarked on something called QE2, with the association of its name (a cruise ship on vacation) a cruel joke. QE2 is an academic’s solution to a problem whose only real solution is a realization that real gain only comes from real sacrifice. QE2 is an economist’s answer. Like most every economic theory---economics is a dismal science at best, alchemy and fraud at its worst---it starts with an assumption. In the case of QE2 this is: assume infinite money.

So far the reaction is such that the economists are patting themselves on the back. They not only think they are correct---despite the historical fact that they, from Bernanke to Greenspan to Summers have never been right once in their entire lives---they continue to take the masses for fools.

It is. It is clear in the faces of even the formerly optimistic.
They know it’s over. They know we’re dead and that QE2---assumed and endless money for real and endless maladies---is the final blow. They see it in the collapse of the once almighty dollar. Yes, they are all partying, but they know the lifeboats are all gone and all they’re doing is emptying the liquor cabinet on the Titanic, maybe hoping to be in a stupor when the cold or the water steals their final breath.

Luke
6th November 2010, 20:29
Economic Recovery: The View From Bernanke’s Helicopter by Joel Bowman
http://dailyreckoning.com/economic-recovery-the-view-from-bernankes-helicopter


In a nutshell, Bernanke committed the Fed to purchase $600 billion in Treasuries over the next 8 months. In addition, those nasty mortgage securities the Fed gobbled up during operation QE1 will continue to be rolled over into Treasuries. All in, the total price tag comes to $875 billion brand spankin’ new dollars…with the option to open the spigots further should inflation (the CPI version) come in under what the Fed deems as “healthy.”
Two things to mark: 1: FED is buying government debt this time 2 Fed is buying government debt using this stinking to hoch himmel MBS'es, that so many see are really worthless to uncle Sam ... and U.S. promises to pay percentage on face value of s*** in his own ledger (which happen to have 0 real value) ...

And promise of "healhy" CPI raise .. the thing that happens NOT to measure prices of food and energy. Oh. so they would be happy when IPad prices will go up. Wonder how long this will take and how much bread will cost then.

Nuts.

Fredkc
6th November 2010, 21:59
I wish they'd come clean and stop calling this QE2 !!

Correct name should be Titanic 2 ;)

Lost Soul
7th November 2010, 07:39
The Federal Reserve will end up owning the United States. We the people will become we the peasants/tenant farmers/serfs/peons. There will be much misery, fear and anger as society declines. Unfortunately, it doesn't have to be this way but if it does, the negative energy will be exactly what the controllers want and then the great cleansing is needed.

felixq78
7th November 2010, 11:27
The Federal Reserve will end up owning the United States. We the people will become we the peasants/tenant farmers/serfs/peons. There will be much misery, fear and anger as society declines. Unfortunately, it doesn't have to be this way but if it does, the negative energy will be exactly what the controllers want and then the great cleansing is needed.

The European bankers, the Aristocracy have been working at this from the very day that the USA was formed. The thought of you people freeing yourselves from the slavery of their monetary system galls them. They've managed to bring the US down from the inside. They finally realized that weapons and men couldn't do it, you were too strong so they attacked you silently, covertly when your complacency was at it's peak. This is no judgment, my country is the same, most of the people here are asleep and no amount of prodding or warning will awaken them. The truth is too huge, too evil too frightening. They laugh when we speak the truth but I'll get no satisfaction when they are finally faced by the monster and they realise we were right. None at all, I wish I was wrong, a lunatic, totally deluded but I know I am not.

jcocks
7th November 2010, 11:45
Oh, they woke up for a little while there... And I'm glad I was there (Sydney) to witness it (remember the anti-war rally?)... but it didn't take much to put them back to sleep....

Personally, I hope the CME in my dreams comes true to wipe our technology (and their surveillance) out so we can see the world we *REALLY* live in before they get a chance to do their bidding...becuase as painful as that would be, it'll be less painful than what they have planned...