Jump to content



Photo

"The Fed panicked"


  • Please log in to reply
No replies to this topic

#1 nimblebear

nimblebear

    Welcome to the Dark Side !

  • Traders-Talk User
  • 6,062 posts

Posted 14 September 2012 - 06:34 AM

http://www.zerohedge...13/fed-panicked

Not one of the fed policies has worked, and qe has not proven effective, especially when one considers that the fed is no longer targeting "stabilization" of the banking system (at least not explicitly) but rather specificly unemployment, which has never been the purview of ANY fed.

Markets however have been elevated (as per my prior,the "fed is very sick" posting yesterday, however portfolios have been destroyed, savers repeatedly punished, and every single american faced with the prospects of getting less of something for every dollar based purchase.

We could be considered Japanized but this is going to end up far worse than Japan has fared over the past 2 decades because prior to their destructive policies the nation of japans citizens were rabid savers. Americans as we all know, have been rabid debtors, prior to, and especially during this current depression.

They (citizens) continue to take on more debt, just as the country takes on more debt, just as the fed takes on and produces equally more debt, so again how could anyone expect in their "right mind" for any individual, business, or government to experience what is known as an " edonomic" recovery by taking on more and more debt ? Eventually the interest payments arent even serviceable, and we all know that ending, just as the prior homeowners of foreclosed homes
know their ending.

Perhaps this is why so many government agencies have stock piled 1 billion bullets, homeland security is purchasing trainloads of domesticly purposed and armoured humvees, and stockpiles of food rations are continuing to be built up (4 years and counting now)..... The government knows the outcome, as the sheeple simply wait for the eventuality. Our government has given up. :(
OTIS.