<<his building crisis of a strengthening dollar and rising unemployment called for emergency action, and that is exactly what Bernanke is doing. He is effectively calling in a B-52 strike on the US dollar, monetizing for the world to see, and pledging to monetize for as long as it takes - until the US dollar is driven down to a level where American workers can once again be globally competitive.>> The madness here is it demands European Union stabilizes and becomes a magnet to drive up the Euro.( it isn't going to happen, imHo)
i feel what we are seeing is Global Desperation. Right now the illusion of relative stability of the market is being accomplished by Massive Machines moving around relentlessly electronic paper from one place to another, to maintain the illusion.
Any HONEST economist KNOWS economy is NOT an exact science and has ALWAYS carried within it the seed of a real possibility the entire world financial system will collapse utterly.
The actions going on here and elsewhere i feel are but desperation while keeping a mandatory smiley face, and grasping to comfort panacea of the eternal demand, to be optimistic, and say, i am sure this will work out.
In my mind i see world leaders in the financial juggling matrix, looking more and more like people trying to ice-skate on water.
The belief there can't be a massive global financial collapse is based NOT on a LAW, but on a "what we do MUST work, and therefore it will work"
The most common view you will hear globally(Say 90%), "it will all work out, it always does" i say "By whose Hand was it stamped as Hard-Core Truth 'it will work out, it always does' ?" Later, Max |
