Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (75969)	3/12/2008 8:44:17 AM
From: Mike Johnston	Read Replies (4) of 116555

The Fed has just given $200 billion worth of Treasuries to the Wall Street Pigmen in exchange for worthless collateral. Your case for deflation rests on the argument that the Fed would not do that ( because supposedly it is a private for profit bank and will not give money away ). Your case for deflation is now dead. The Fed is a corrupt and criminal enterprise and they HAVE BEEN and WILL give money away. The big irony of all this is that you are so correct, but at the same time so wrong ( we will have deflation, that you predicted, but only against gold while we will suffer nominal hyperinflation )

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