Outraged Yet? What if Fed Buys Munis?
 | California’s delay of a $10 billion municipal bond sale has only fueled existing chatter on trading floors that the Federal Reserve would take the extraordinary step of buying these securities just as it has with Treasuries. Chairman Ben Bernanke would pursue this unprecedented route, if he thought necessary, even after the vocal criticism he’s received for his second round of quantitative easing |  |
Όσο για την Ευρώπη, ας δούμε τι αναφέρει το εξαιρετικό blog FOFOA, το οποίο βασίζεται στις αναλύσεις ενός τραπεζίτη από το 1997 σχετικά με το ξέσπασμα της κρίσης και το τέλος του δολαρίου. Όλα είναι ειδωμένα από αστική σκοπιά, αλλά είναι πολύ καλή ανάλυση:
Europe is part of this same $IMFS system. And it will be, until the system implodes under its own weight from the mountain of debt (systemic lifeblood) that must be nominally preserved.
| | The dollar will be the primary victim of that implosion in a hyperinflationary fire. But the euro will also suffer inflation. Back in 2001, before even the launch of euro currency, FOA wrote: … even Euro inflation, that ECB people openly admit must be a part of a dollar to Euro transition. There is no right or wrong, good or evil here, monetarily speaking. There is only gravity, which tugs in one direction: Freegold. If bailouts are not done millions of people's retirement promises (from the system) will simply vanish. Did you really expect the system to endorse this gravitational implosion denouement while it could just print the money? By the way, austerity requirements (which force cutbacks, higher taxes and put the burden of interest payments on the taxpayers) are kind of like monetary fingers crossed behind your back, hoping that the money actually remains valuable. Unfortunately (for the system) it cannot print value. So one day soon, while you are all watching the price of your physical gold rise, it will suddenly skyrocket. On that day you will thank me. | |
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