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Re: Bernanke/gov will probably tank the markets in order to …

Home Forums DISCUSS Current News & Events Bernanke/gov will probably tank the markets in order to push investors into treasuries Re: Bernanke/gov will probably tank the markets in order to …

  • Tue, May 05, 2009 - 09:22pm

    #7
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Bernanke/gov will probably tank the markets in order to …

 bear, true it will look different.  But the collapse is going to be massive.  The Fed can’t print money from nothing and have it actually help in the long run.  It postpones Dow 5000.  But I personally expect Dow to drop below that eventually.  It would be far better if it dropped there now and we allowed the market to readjust.  The government delaying it by taking wealth from citizens and giving it to rich bankers can do nothing but hurt the productive economy.  

Fisher’s debt hypothesis was right on the money.  I recommend everyone read it to understand what’s happening today.  It’s deflation for a while longer.  But just because the Fed thinks it’s reflating doesn’t mean it’s really doing it.  Fisher didn’t say a few money bureaucrats could reflate the economy.  He meant real reflation, i.e. a growing producing economy.  That’s the solution, not false reflation from the Fed which destroys our currency in the end.