whoodydoody got opinion and an orange/apply tree
Did you see "Ann" on SNL?
Did you see "Ann" on SNL?
Advocates of today's policies aren't Keynesian thinkers, they are supporters of usury and theft. Keynes, as misguided as he was, understood this basic principle of monetary economics.“By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some …. Those to whom the system brings windfalls …. become “profiteers” who are the object of the hatred … the process of wealth-getting degenerates into a gamble and a lottery .. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Keynes
The circle jerk of power?How do Ben haters feel about the fed's board of directors (of which Benny is but one vote?) Not unlike the Supreme court where Robert's doesn't rule by decree. Sooner or later, board memebrs realize they're wrong and vote in Ben's direction. Where's the love for these guys?
They are towing the Wall Street Keynesian line. Monetizing debt does nothing for the real economy. It has created another massive stock market bubble that will eventually pop. It's transferred wealth to the 1% and raised commodity prices hurting the 99%.The Federal Reserve's latest easing program may be nicknamed "QE Infinity" on Wall Street, but it's having a very limited effect on the markets and economy so far.
Stocks have been flat to slightly lower since the central bank announced the third round of its quantitative easing program — QE3 — while economists remain pessimistic that it will achieve its stated goal of bringing down the unemployment rate.
Consequently, sentiment is beginning to build that the Fed may be running out of bullets.
"We've been range-bound as everyone digests the information," said Robert Laura, president of Synergos Financial Group in Brighton, Mich. "There's nothing that's going to take us any higher. The headwinds out there are too large for QE to overcome."
Previous easing rounds have helped push up stock and commodity prices, but only after rounds of volatility that Laura expects to occur again this time but without the QE-inspired bounce at the end.
China is actively taking steps to phase out the US dollar which will decrease volatility in oil and commodity prices and deride the ‘exorbitant privilege' the USA commands as the issuer of the reserve currency at the centre of a post-war international financial architecture which is now failing.
In 1971, U.S. Treasury Secretary John Connally said, "It's our currency and your problem".
China is frustrated with what it sees as the US government’s mismanagement of the dollar, and is now actively promoting the cross-border use of its own currency, the yuan, or also called the renminbi, in trade and investment.
China’s goal is to decrease transactions costs for Chinese importers and exporters.
Zha Xiaogang, a researcher at the Shanghai Institutes for International Studies, said Beijing wants to see a better-balanced international monetary system consisting of at least the dollar, euro and yuan and perhaps other currencies such as the yen and the Indian rupee.
"The shortcomings of the current international monetary system pose a big threat to China's economy," he said. "With more alternatives, the margin for the U.S. would be greatly narrowed, which will certainly weaken the power basis of the U.S."
Is ron paul the one that doesnt support cannabis or is it mitt romney?
Romney is against decriminalization/legalization. Do you follow politics? Do you vote?