Yes I said that. But you obviously misinterpreted what I said based on your response. I want you to look back a little bit in history to see how these conflicts get resolved. Here is a homework assignment. What was Hitler's economic plan at the end of the Weimar Republic?
Federal Reserve: fact or conspiracy?
- Thread starter rselitetrader
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Yes I said that. But you obviously misinterpreted what I said based on your response. I want you to look back a little bit in history to see how these conflicts get resolved. Here is a homework assignment. What was Hitler's economic plan at the end of the Weimar Republic?
A lot of sheep in this thread...
Faber argues war is the last distraction Government can play to assuage revolution.
Governments must deliver a patsy for the coming inflationary onslaught. They need a fall guy. It can't be their 5 Trillion QE, bailouts or multi-generational 0% interest rates. It'll be the speculators, the Chinese, more terrorists, and their foreign powers. Notice the House just floated a bill to reinstate the draft for citizens up to 42 years. Think that fits in somewhere, guys? To wit, the banter about unintended consequence is horseshit. That a bunch of internet nobodys trading 6 figure accounts got it pegged 30 years out, but a FED with legions of PHD's can't front-run 2 years ahead while they're steering the ship? Unreal. Talk about sheep being led to the slaughter.
Without getting into a deflation/inflation argument, yes, I know the situation favors deflation *without* intervention. I agree with Faber and Schiff. The clock is ticking. We're boxed in. The debt can't be serviced above 2% after the economy recovers. We squalor around like Japan for a few years, the American consumer gets some legs, and we're done. In the interim, if the markets get dicey, Bernacke prints and bails. The rest is history. You apologists that laud Bernacke and Greenspan for their tireless service, yet decry our situation....who do you think got us here?? Snow White and the Seven Dwarfs?! And yes Martin, politicians get their fair share. We're talking about a major economic collapse here, guys. You better be ready to take care of you and yours, and most of your friends at some remote farm or island retreat, otherwise this is all just idle chit chat at the gallows. We're in for some serious, hardcore, gut-wrenching shit and I for one will not forgot who and what got us here. We stand up and fight now, or I guarantee you, these motherfuckers will wrap it all up when the curtain comes down. The Constitution gets "indefinitely suspended" when there's million man flash mobs going house-to-house, raping and looting. That's big picture. By stand up and fight, I mean it's time to scream bloody murder about the debt, the deficit, relentless spending, off-shoring and taxation. Otherwise, our fate is sealed. I think we collapse in 3-4 years. It's really up to them. Bernacke and his Wallstreet crew, they hold all the cards. The same motherfuckers that gave us offshoring, LTCM, the Nazcrack bubble, the Golden Age of Moral Hazard, the banking and housing collapse, Greece, Iceland, the European debt bomb. They're running the show. Your fate is in their hands. This is Economic Warfare. Be sure of that. Good Luck.
Faber argues war is the last distraction Government can play to assuage revolution.
Governments must deliver a patsy for the coming inflationary onslaught. They need a fall guy. It can't be their 5 Trillion QE, bailouts or multi-generational 0% interest rates. It'll be the speculators, the Chinese, more terrorists, and their foreign powers. Notice the House just floated a bill to reinstate the draft for citizens up to 42 years. Think that fits in somewhere, guys? To wit, the banter about unintended consequence is horseshit. That a bunch of internet nobodys trading 6 figure accounts got it pegged 30 years out, but a FED with legions of PHD's can't front-run 2 years ahead while they're steering the ship? Unreal. Talk about sheep being led to the slaughter.
Without getting into a deflation/inflation argument, yes, I know the situation favors deflation *without* intervention. I agree with Faber and Schiff. The clock is ticking. We're boxed in. The debt can't be serviced above 2% after the economy recovers. We squalor around like Japan for a few years, the American consumer gets some legs, and we're done. In the interim, if the markets get dicey, Bernacke prints and bails. The rest is history. You apologists that laud Bernacke and Greenspan for their tireless service, yet decry our situation....who do you think got us here?? Snow White and the Seven Dwarfs?! And yes Martin, politicians get their fair share. We're talking about a major economic collapse here, guys. You better be ready to take care of you and yours, and most of your friends at some remote farm or island retreat, otherwise this is all just idle chit chat at the gallows. We're in for some serious, hardcore, gut-wrenching shit and I for one will not forgot who and what got us here. We stand up and fight now, or I guarantee you, these motherfuckers will wrap it all up when the curtain comes down. The Constitution gets "indefinitely suspended" when there's million man flash mobs going house-to-house, raping and looting. That's big picture. By stand up and fight, I mean it's time to scream bloody murder about the debt, the deficit, relentless spending, off-shoring and taxation. Otherwise, our fate is sealed. I think we collapse in 3-4 years. It's really up to them. Bernacke and his Wallstreet crew, they hold all the cards. The same motherfuckers that gave us offshoring, LTCM, the Nazcrack bubble, the Golden Age of Moral Hazard, the banking and housing collapse, Greece, Iceland, the European debt bomb. They're running the show. Your fate is in their hands. This is Economic Warfare. Be sure of that. Good Luck.
Faber also recently said:
On unintended consequences: The Fed doesn't seem to have learned anything at all from its mistakes. Their current policy of cutting rates to zero is designed to create sustainable growth, but they've created larger and larger volatility in markets. There are many unintended consequences of their actions.
The oil bubble of 2008 is a good example. In 2008, the price of oil went ballistic, but the U.S. was already in a recession [it began in Dec. 2007]. There was no rational reason oil should have gone ballistic. The Fed's easy money just fueled a bubble. It was like a $500 billion tax on consumers courtesy of the Fed. That's the added amount that it cost you, and it helped push consumers over a cliff in late 2008.
On the Fed: The Fed doesn't pay any attention to asset bubbles when they grow. That's their official policy. But they flood the system with cash when bubbles burst. They only care about bubbles when they crash. It's a very asymmetric response and it has many unintended consequences.
On the rest of the world: The U.S. today is much worse off than it was 10 or 20 years ago compared with the rest of the world. The Asians should thank the Federal Reserve for this. The Fed practically created the emerging market economies. The Chinese pegged its currency to the dollar in 1994, and until 1998 not much happened. When the Fed began printing and boosting asset prices in 1998, there was this huge debt growth, and U.S. consumers began spending at a massive rate. That increased our trade deficit from $200 billion to $800 billion. Of course, trade deficits have to be offset by trade surpluses in other countries. So the Chinese began ratcheting up production. Then their employment went up. Their wages went up. Entrepreneurs began investing more money in capital spending. The Fed is not the only factor that led to strong emerging market growth, but it certainly was a major factor in it.
His opinion on the Fed is pretty obvious.
Marc Faber, and Peter Schiff? I hope you are not implying me or Maverick are bigger clowns than these 2........I will go toe to toe with those 2 idiots any day of the week..... and Maverick has provided good commentary, if you want to join the debate then go for it but dont name drop with these 2 clowns......
LOL Marc Faber and Peter Schiff called the last two bubble tops, and Faber, the bottoms. Schiffs record is good. Fabers? exceptional. Either could wipe the floor with you. I'm sure of it. As far as sheep goes. Mavericks got some denial going on. You're just delusional. Singing praises about "unintended consequences" all day? As if they didn't see it coming?! Run along back to class.
Sure that sounds nice, but how? Do you really want Nanci Pelosi and Frank Dodd controlling the money supply? It's not a question of right and wrong. It's a question of what are the best choices, given the situation.
Personally, I'd go with Milton Friedman's suggestion to have a computer program control the money supply, which targets 2% inflation per year.
