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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (91478)12/12/2008 3:19:41 AM
From: Chispas2 Recommendations  Respond to of 116555
 
federal reserves, Zeev's Thread, December 11, 2008 10:30:09

Yes, USA similar to the USSR before their collapse. The Fed, Treasury, Congress, Admin are out of control. Most of what has happened economically in the last few months violates the equal protection rules in the US Constitution much less free market capitalism ideals. Bailouts are being arbitarily applied based on political power and donations. I've heard the FED wants to issue debt securities outside of the Treasury and Congressional budget approval. To who and why?

The USD started to collapse today.

Disclosure: Short USD.

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