Here IT Comes - The Fed Knows...
THE RECOGNITION THAT THIS PATH WON'T WORK BECAUSE IT CAN'T BY THE MARKET HAS BEGUN. IT HAS BEEN SERIALLY RUN TWICE PREVIOUSLY WITH THE INTERNET AND HOUSING BUBBLES AND HAS SERIALLY FAILED TWICE! EVERYONE INVOLVED IN DOING IT, FROM THE PRESIDENT TO CONGRESS TO THE FED, KNOWS DAMN WELL THAT IT WON'T WORK BECAUSE IT HAS NOT IN THE PAST -- ANYWHERE IN THE WORLD -- EVER, BECAUSE IT CAN'T.
You're seeing the start of what happened in the early part of 2007, and rather than address this head-on our government is going to the exactly wrong thing and refuse to address it, and as a consequence we're going to get another collapse into already-depressed and therefore non-functional intervention capacity on the part of government and The Fed.
Read More: Here IT Comes - The Fed Knows...
THE RECOGNITION THAT THIS PATH WON'T WORK BECAUSE IT CAN'T BY THE MARKET HAS BEGUN. IT HAS BEEN SERIALLY RUN TWICE PREVIOUSLY WITH THE INTERNET AND HOUSING BUBBLES AND HAS SERIALLY FAILED TWICE! EVERYONE INVOLVED IN DOING IT, FROM THE PRESIDENT TO CONGRESS TO THE FED, KNOWS DAMN WELL THAT IT WON'T WORK BECAUSE IT HAS NOT IN THE PAST -- ANYWHERE IN THE WORLD -- EVER, BECAUSE IT CAN'T.
You're seeing the start of what happened in the early part of 2007, and rather than address this head-on our government is going to the exactly wrong thing and refuse to address it, and as a consequence we're going to get another collapse into already-depressed and therefore non-functional intervention capacity on the part of government and The Fed.
Read More: Here IT Comes - The Fed Knows...
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