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To: posthumousone who wrote (31104)	4/21/2012 3:18:08 AM
From: GROUND ZERO™	Respond to of 224346

I fully agree, all very excellent points... and very well said... GZ

To: posthumousone who wrote (31104)	4/21/2012 9:56:38 AM
From: Hawkmoon	2 Recommendations Read Replies (1) \| Respond to of 224346

I think Casey makes a great point. The Fed and Treasury are trying to induce inflation to fight off a deflationary spiral. But part of what is delaying an economic recovery is the high cost of commodities, where prices are completely out of whack with actual global demand (oil to name a blatant case). Of course, since the Fed wants to keep the USD weak in order to promote this result and keep prices from falling, speculators flock to commodities as an alternative asset, thereby creating another bubble that stifles economic growth and exports inflation to other countries. The reality is that people are losing access to credit because they are unemployed and unable to pay off their debts. We have 70 million people on food stamps, and nearly 20% functionally unemployed. Yet, instead of initiating programs where people are put back to work, even if on gov't subsidized infrastructure programs, we continue to bail out the TBTF banks who don't want to extend credit. The TBTF banks are borrowing at a 1/4 of a percent and taking "safe" investments in US Treasuries that are being newly issued. Of course that debt has to be repaid out of tax revenues. In the meantime, this administration is diverting that money to uncertain and unproven technologies that cannot compete in the marketplace, while existing industries that are proven languish. Maybe I'm just ranting, but I get the sense that this money is just being wasted and transferred to the wealthy and leaving what's left of middle class America behind. Hawk