Wednesday, September 19, 2012
Ben desperately is trying to jump start inflation and get the velocity of money moving which means that confidence must also be restarted in our economy and our republic. At the same time order must be maintained within the ranks of the peeps as they are being slowly strangled into the poverty line. That is one tall order of performance. You are going to throw a barrage of platitudes at small business people and at the consumers while telling them your have their back from the verge of going off a "fiscal cliff". Does that make any sense to ANYONE? You tell them that you brought them back from the Worst Crisis Since the Great Depression.........AND THEN you tell them to loosen up the purse strings and spend that cash on capital expenditures and new employee expansion now. You tell them that we are going to buy our own debt since NO ONE else will to artificially keep our long term interest rates down so we can expand our already out of control debt. You don't believe that QE is going to work. These are business people....small and large that maybe you believe are stupid but most of these people aren't fat assed CEO's that eat from silver spoons....instead THEY KNOW WHAT A BALANCE SHEET IS and they know when they are seeing a great big Texas sized pile of HORSESHIT!
What are we doing? How did we get to this juncture in this nation. Just how sick have we become when our own government institutes NDAA on its citizens and its constitution and there is not even a whimper from all of the phony flag wavers. One thing is certain. The measures being taken to jump start this economy should give you pause if you really harbor any bearish sentiment on PMs. gl
Posted by kliguy38 at 9:47 PM