Tradefair & Financials
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The stock market crashes around teh world are utterly ridiculous, and as for the swings in currency values?
The US dollar, is strengthening despite its debt being worse than everywhere else in the world. A strong dollar is no good for the US, and you can expect the dollars strength to enable the FED to inject even more into their economy.
The US dollar, is strengthening despite its debt being worse than everywhere else in the world. A strong dollar is no good for the US, and you can expect the dollars strength to enable the FED to inject even more into their economy.
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chisel, the FED after expanding their balance sheet by 2 trillion dollars hasn't injected jack **** into the economy. All they've done so far is accept nearly worthless collateral to provide banks with freshly printed digital dollars at ZIRP and they in turn bought the market. Bernanke's helicopter has been dropping money on those his job is to protect, not the American public that's losing their jobs and their homes, swimming in debt and about to face "austerity" measures.
The game is over, chisel. The money system we have in place now can not run away from the equation. Money is debt and DEBT = PRINCIPAL + INTEREST only the INTEREST part doesn't get printed. It's a classic Ponzi scheme. As long there is exponential growth, the system works. The minute the debt burden outpaces growth, the system collapses. You can't run away from the exponential function. It's a matter of when, not if. |
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correct.
very good read: http://dailyreckoning.com/fiat-currency/ Which do I sell! |