Friday, May 20, 2016

Fed Up With The Fed
"Fed policies are not just insane, they're destructive .. Bringing future sales/demand forward by lowering interest rates to zero just digs a gigantic hole in future sales/demand. Funny thing, the future eventually becomes the present, and instead of a brief recession of low demand we get an extended recession of weak demand and over-indebted households and enterprises. Enabling massive systemic speculation by those closest to the Fed's money spigot is insane and destructive, as capital is no longer allocated on productive returns and risk but on the speculative gains to be reaped with the Fed's free money for financiers .. Buying assets to artificially prop up markets completely distorts the markets' ability to price assets based on real returns and real risk .. The Fed's control of the machinery of obfuscating price and risk has us all ..... 
hold our breath lest the worst happen--gasp--the Fed might push interest rates up a quarter of a percent. This is of course totally insane. Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets--it's crippled the entire economy. Wake up, America, and stop worshiping the false gods of the Fed. The sooner we smash the Fed's idols and strip away their power to enrich the few at the expense of the many, the better off we'll be."
- Charles Hugh Smith*
LINK HERE TO CORRECTED STORY

2 comments:

Anonymous said...

"My little lost boy please share! His only chance is FDA approval of SMA rx It works

https://twitter.com/ArtSlott/status/733716818993512449"



Fed up with FDA, too.............

Anonymous said...

I need your help. Please read this entire post, donate and share it.

https://www.facebook.com/gm604forals/posts/1776900749197932:0