http://online.wsj.com/article/SB124...a?loomia_si=t0:a16:g2:r5:c0.0314627:b24464292 Ok....so what happens with respect to this last remaining tool when there are failed auctions ....? This is the next question.... And the IOU LOC to the IMF ? ........................................................ This is akin to printing money for yourself when one has no more money ....? ....................................................... The question being.... This is going to work .....? ...................................................... Logic being..... What is better ....downsizing and living within one's means.... Thus enabling "rebuilding".... Or.... Meeting the problem of no money....with fabrication ....?
September 08 Albert Edwards, global strategist at Société Générale, said Washington's serial bail-outs are the inevitable result of the credit bubble of preceding years. "This was all baked in the cake long ago. What we have seen so far is just a dress rehearsal for the deep recession that is coming. America is going to be losing 500,000 jobs a months. That is when we will see interest rates go to zero. The deficit will be covered with printed money as it was in Japan. The endgame will be helicopters full of cash dropped by Ben Bernanke," he said. http://www.khilafah.com/index.php/n...dit-system-suffers-cardiac-arrest-on-us-crash So far so good.
Things will be far worse here than in Japan as we are losing our manufacturing sector, wholesale. Unemployment will easily hit 15% here. Don't listen to the Cornholio Optimists. Look at reality.
What WILL be done is whichever (1) is easier and (2) maintains government's power and/or increases it.
The big lesson from this decade : Don't vote for the Party of the Dumb. A second one : Don't ever let an academic into the real world. And no doubt Boss Limbaugh will say that the U.S. could've avoided this mess if Congress had passed Constitutional Amendments banning flag burning and gay marriage.
You mean 'will maintain the inner circle's power and/or increases it.' Government and it's employees and so-called elected representatives is all but a theatrical stage, manipulated by the 12 families. As Shakespeare appropriately said, 'all the world is a stage.' Smoke & mirrors; one big shell game; funhouse mirrors. Every once in a while, the sheeple awake from their slumbler, organize, and extract revenge. It's never pretty, and comes only at the threshold of max pain.
The Fed has so many "tools" at its disposal that I am not very surprised that posters on ET are unable to fathom just how powerful they are.