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To: Lazarus who wrote (281952)	10/8/2010 1:38:53 PM
From: TH	Respond to of 306849

Laz, Nah, it is just criminal. Nothing complex about it. The Fed and Treasury bail out all the insider players with taxpayer money, thus negating any responsibility for poor decisions and now they are setting up the perfect system to let those same players front-run the massive printing of money. QE did not work the first time, but they will do it again, and again. Circumventing any potential for the economic cycle to do what it must do, which is clear out the bad and make room for the good. I have yet to hear a single word from the Fed as to how QE actually creates jobs and improves the structural concerns with the economy. Sure I understand how it allows the banks to trade out toxic crap for shiny treasuries and then later cash (to lever into the markets 10-50x), but I'm still missing the part about how it actually fosters real growth. It is all an overt scam now. The people are so ignorant they will allow the Fed to debase and steal from what they have already earned and steal from what they will earn in the future (for wage increases are rare and certainly not equal in magnitude to the debasement...and in many cases tied to fraudulent government data that grossly under-reports inflation). I guess we deserve it. GT TH