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Uncle Barry to the Rescue

Posted by heresyarch's Contra Mundum on Saturday, March 28, 2009 12:06:17 AM
The Obama administration is hitting on all cylinders.  At the rate they are going, they will destroy the US economy in the next 4 years.
 
Lets see:  Would you invest in the US economy given all the uncertainty with what the goons in the White House would do next.
 
To Bail-out or not to Bail out?
To give Toxic Asset Relief or not?
To inflate or not inflate?
To change tax laws ex post facto to punish the politically unpopular?
To create legislation and sign into law without reading it?
 
So what is the motivation for all the Obama administration is doing?  To save the economy and prime the engines of economic commerce to get things going again?
 
Do they really believe with all they are doing they will succeed?  What geniuses!
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Lies and Damned Lies of our Federal Reserve

Posted by heresyarch's Contra Mundum on Monday, August 11, 2008 1:26:42 PM
This is cental planning at its worst.  Review their track record:

March of 2007:  "All the signs I look at" show "'the housing market is at or near the bottom," Paulson said in a speech to a business group in New York, adding that the U.S. economy is "very healthy" and "robust."  - Treasury Secretary Henry Paulson

At about the same time last March 2007, Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve, told Congress, "At this juncture, the impact on the broader economy and financial markets of the problems in the sub-prime market seems likely to be contained."

Read the whole thing:

What Banks and the Government Are Not Telling Us About 2009

These boobs are in charge of "managing" the US national economy?  This is neocons defending the undefendable: that we need a federal reserve to manage our nation's comlex economy, and that  a free market approach will not work.  More and more I am convinced a free market approach based on sound money would work much better and bring much more prosperity, protecting unethical greedy bankers and financial institutions from creating economies of mal-investment and looting (fleecing) the taxpayer for their mistakes.

How can anyone make any rational investment decisions because of the Federal Reserve meddling?  Hmm neocons?

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The Coming Destruction Of the US similar to Weimar Republic.

Posted by heresyarch's Contra Mundum on Wednesday, July 23, 2008 10:53:15 AM
This plot tells it all for all the Federal Reserve apologists.  Those who defend the un-defendable should be ashamed of themselves.  This plot represents the federal government rip-off of the American public.  It represents the out of control spending, the massive debt build-up, and most of all, just about every financial crisis since 1913, and the present mortgage crisis.  When will conservatives ever become economically literate enough to know that if you want limited government, you have to starve the beast.

Below plot borrowed from: http://www.lewrockwell.com/sardi/sardi89.html


Update 7/25.  Many so-called conservative Townhall columnists think things are just going along just fine.  Concerns about the economy are over stated and over-hyped...e.g. Jerry Bowyer:


Here is for them (compliments of: Foreclosures Double):

\
Another Update: 7/31
 


 

Yet another update 8/5/08.  The following graph is scary....yes that is an unprecedented spike in 2007.  It represents the bailout of insolvent financial institutions.  Guess who is on the hook for the bill if  those financial institutions cannot repay?  Fundamentally, financial stocks will be a mess for long while, and I suspect it will have a reverse multiplier effect. Just as money that is created out of thin air by the Fed has a multiplier effect.  So, too is money that is erased from thin air have a multiplier effect.  Worse yet, we still have to endure an negative amoritization loan implosion (which is coming to a bank near you):



Source: Link to St. Louis Federal Reserve

The fact that foreclosures are still on the rise is cause for great concern.  We are approaching another round of crisis due to negative amoritization loans.  The government's solution is to delay the inevitable at taxpayer expense, using all kinds of gimmicks such as credit swaps, exchanging bad debt for US backed Treasuries .  Its time to worry the empire is indeed crumbling from within.  Even Obama the Messiah, is powerless to stop it.

Speaking of which:  This is worth a read: The Light of the World Is Pitching His Tent In Our Midst...and again we didn't know it

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