mikesa69

Populism vs. Bernanke, Round Two

Actually, my typing got ahead of my thinking. The fed's mandates are maintaining price stability (including the control of inflation) and ensuring economic growth, which includes targeting full employment. (Contrast this to the ECB's single mandate of controlling inflation.)

Wilson, before he died, acknowledged that he had done his country a huge disservice by creating the fed. I agree, but that was a bit late to have regrets, no?

As to results, the monetary policy of the fed interferes with free market forces and has been the direct cause of every single boom and bust cycle since it was created including the great depression, and its latest spawn now in the new millenium.

Populism vs. Bernanke, Round Two

To sethmcs re: 'The fed was created to do two things. Regulate short-term interest rates and provide liquidity to "BANKS".'


You sure are ignorant. The fed has two official mandates: control inflation, and maintain price stability. Monetary policy is a tool, not a goal.

As for the unofficial mandates, well, what else would you expect w/ trillions of dollars of OPM at your disposal and no accountability? No wonder our dollar has lost 96% of its value since the creation of the fed in 1913.

BTW, the fed is an illicit entity according to our Constitution and should not only be audited, but should be abolished altogether.

How Are Soros and Paulson Trading?

re: "As the historic market collapse felled many investors, a handful set themselves apart by scoring big profits."

Gee, Soros and his cohorts in the CFR and the Bilderberg Group fuck us all, then they profit from it. Go figure. It's easy to know where to put your dollars when you're the one yanking the chain of the puppets in office.

I'm still surprised at how ignorant most of my fellow Americans are about what's truly happening in this world.

www.youtube.com/watch?...

Goldman Sachs: Thoughts on the Developing Stolen Trade Secrets Scandal

So how about any of you who have an account with them pulling your funds and putting them into a nice regional bank? But I suppose that would only be a solution for someone who would let their morals interfere with their willingness to make some coin. Any mild condemnation aside, I admit it's difficult to submit to morality when there's a good trade available.

Really, though, it'd be very interesting to see what happened if Americans et al pulled their funds en masse from C, BAC, GS, etc.
Any bets on whether that'd finally give all the TARP babies something to really cry about? Or, would these 'too big to...', no wait, 'already failed' banks just find clever accounting tricks to obfuscate all the dough flying out their doors?

I'd like to know who originally mentioned the ability of the SW to be used for unfair manipulation; was Facciponti just regurgitating a sloppy GS slip of the tongue, or was he applying some creative license? And isn't 'unfair manipulation' redundant anyway?

More Gaps to Fill

That RIMM setup sure looks juicy! Red shoots anyone?

Paul Volcker: The Voice in the Wilderness

No, I won't trust you. I did not vote for the usurper, yet I also share the viewpoint that both major parties are poison. You're conclusion from Mark's statement is erroneous and illogical.

Disclosure: I voted for Ron Paul


On Jun 29 09:34 AM wg wrote:

> Trust me. When you hear somebody start out by saying stuff like "both
> major parties are poison to the U.S." and there is really no major
> difference between them, etc. etc....
>
> That somebody voted for Obama. Just so you'll know where he's coming
> from.

Cap-and-Trade Plan: Climate Change Reactions

And of course, the idiots in CONgress will take the credit and point to how well their plan works.

On Jun 29 12:11 AM venture exchange wrote:
> Prepare yourself for the inevitable global cooling.


We badly need term limits on our "representatives". Maximum terms of 6 years, with re-election cycles every 2 years. Wow, think about all the positive ramifications of such a thing... What a wonderful world we'd live in!

Conservative Republicans Better Start Appreciating Bernanke

Mr. Avent,

This is not the correct forum for koolaid-drinking morons. Please go peddle your wares at your nearest MSM outlet instead.

ECRI: Strong Signal Recession Will End this Summer

Oh Steve you've made me so happy. I'm glad it's ok to believe the WLIs. Maybe I'll get back everything I lost in 2008 and then some!

So wow, the stock market is up. Yippie!

And inventories have bounced from seriously depressed levels. Hoo boy!

And consumer confidence is the highest it's been in a while. (Boy those consumers sure are stupid... they believed the 'stress' test results!)

Oh, and money supply has been elevated to the stratosphere. (Hey, it's always good to have more money, right???)

Yep, I'd say we're looking at new all-time highs in the indices within the next 6 months. Come on Dow 15,000! Hell, skip that. We might as well just call it Dow 20,000 by December '09. While we're at it, why not Dow 25,000???

NOT! This is all fantasy and farce.

Wake up America!!! Our politicians are in the process of floating the last bit of credit they have in an effort to reinflate a burst bubble one last time. When this thing finally crashes, the can-kickers will wish they would have at least tried to endure some short-term pain in order to reduce the impact of the inevitable.

We need term limits on CONgress and the SINate or we'll never get out from the corruption and cronyism.

Show Me the Recovery

I wonder if that Livingston Survey looked any different last year. For that matter, I bet it'll look pretty much the same next year as well. All the numbers just magically get much better by 2010. Talk about kicking the can...

Are these CNBC economists?

Poisoning the Green Shoots

Very fine article w/ good insight. The crux of your argument could have been summed up in just two of your words: "bullshit spin", with which I wholeheartedly agree. The rest is just supporting info that, unfortunately, the koolaid drinkers will continue to ignore. This house of cards is getting less stable by the day.

Jobs Report Better than Expected

WAKEUP:

Actually now over 20 at 20.5%. See www.shadowstats.com/

Legacy Loan Program Called Off

farmer448 & wpdragon:
You two just don't get it, do you. It's not the dems or the republicans, it's big government PERIOD. Bush was bad. The usurper is much, much worse.

To quote an anonymous source: "I think Americans are getting exactly what they deserve.. bad citizens deserve bad government.. enjoy the fruits of your apathy.. you couldn't possibly have done any less to earn them..."

Think I'm wrong? Still think it's all about which party in the two party system is "right" and which is "wrong"? That's what they want you to argue about, you friggin' sheep. Go read your Constitution, then watch what's being done to our Country by BOTH sides of the aisle. Term limits for CONgress would be a very nice change for our Country.

What's Behind This Bear Market Rally

Interesting musings from a person with "no positions". Very basic article indeed, with no real argument being advanced; only rudimentary questions. The responses here show more wisdom than the author does.

Mission Accomplished: Time to Sell

Homer II: The uptrend itself is what has been ignoring fundamentals.