The Sanctuary
Society => News of the World => Topic started by: Darkhunter on September 05, 2014, 03:07:10 am
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http:// www.zerohedge.com/news/2014-08-26/it-begins-council-foreign-relations-proposes-central-banks-should-hand-consumers-cas (http:// www.zerohedge.com/news/2014-08-26/it-begins-council-foreign-relations-proposes-central-banks-should-hand-consumers-cas)
"A year ago, when it became abundantly clear that all of the Fed's attempts to boost the economy have failed, leading instead to a record divergence between the "1%" who were benefiting from the Fed's aritficial inflation of financial assets, and everyone else (a topic that would become one of the most discussed issues of 2014) and with no help coming from a hopelessly broken Congress (who can forget the infamous plea by a desperate Wall Street lobby-funding recipient "Get to work Mr. Chariman"), we wrote that "Bernanke's Helicopter Is Warming Up."
The reasoning was very simple: in a country (and world) drowning with debt, there are only two options to extinguish said debt: inflate it away or default. Anything else is kicking the can while making the problem even worse. Because while the Fed has been successful at recreating the world's biggest asset bubble (in history), it has failed to stimulate broad, "benign" demand-pull inflation as the trickle down effects of its "wealth effect" have failed to materialize 6 years after the launch of the Fed's unconventional monetary policies.
In other words, a world stuck in the last phase before complete Keynesian collapse, had no choice but to gamble "all in" with the last and only bluff it had left before admitting the economic system it had labored under, one which has borrowed so extensively from the future to fund the present that there is no future left, has failed.
The only question left was when would the trial balloons for such monetary paradrops start to emerge."
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Haha oh man I can't wait until this giant ponzi scheme collapses.
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Haha oh man I can't wait until this giant ponzi scheme collapses.
This or Social Security will first. I cant wait for either since America will flip shit.
Seen what happens when EBT goes down for a small amount of time?
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Haha oh man I can't wait until this giant ponzi scheme collapses.
This or Social Security will first. I cant wait for either since America will flip shit.
Seen what happens when EBT goes down for a small amount of time?
Chimpout.com?
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Haha oh man I can't wait until this giant ponzi scheme collapses.
This or Social Security will first. I cant wait for either since America will flip shit.
Seen what happens when EBT goes down for a small amount of time?
Chimpout.com?
Pretty much.
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The reasoning was very simple: in a country (and world) drowning with debt, there are only two options to extinguish said debt: inflate it away or default.
This sounds like the reasoning of someone with a low IQ who works a menial low skilled position for a multinational in the dumbest state in the USA
Wow. Just wow.