No - What I Was Responding To Was Your Acceptance Of The Fact That AG's Actions Have Been The Necessary and Responsible One's Which The US Central Bank Should Have Taken In Response To Various Economic Stresses During That Time
The fact is that AG has consistently acted in a manner which benefits the interests of the economic elite at the expense of the American people.
For this reason the normal secular business cycles of the economy have been perverted into the singular largest speculative excess ever seen. A fact which has significantly hindered the process of real capital formation doing considerable harm to our economy, as well as served to effect a massive redistribution of income into the hands of the top 1%.
If you are interested in discussing how this in fact has been, and continues to be the case, I would suggest that we move this discussion to the mother thread (CFZ) where it will be more on topic particularly at times when the market is open..
I personally do not condone the wonton destruction of property or killing of people and my heading was not intended to imply otherwise. I will admit that it was of questionable taste under the current circumstances. Although the economic consequences implied would certainly be occur, unless, of course, the bridge that was destroyed was the one you had purchased.
The fact that our current economic problems, were nether inevitable, nor the result of particularly bad luck or fortune, but rather the very predictable result of the reckless manner in which the Fed under AG managed the money supply, and began a policy of direct market intervention in the US financial markets, is one which has been discussed in numerous forums, including this thread and CFZ
It will not require that SPX see 150 for it to result in a period of economic difficulty in the United States that will dwarf anything we have seen in our history. |
