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Ok, so the fed announcement the other day means there will be yet another (almost) trillion dollars in phantom money created with the sales pitch is that it will lower interest rates on loans, already at historic lows... and that will save the tanking economy. The flip side is the negative expectation it will spurn yet more inflation in the already depressed dollar.
Meanwhile, Opec says they are going to try to get oil up to 100.00 a barrel to make up for the falling value of the dollar just a week or two ago, before this new round of quantative easing.
This is supposed to help?! Someone please explain to me how making a move like that could possibly help the overall economy? It doesn't take a crystal ball to see that it will result in jacking up the already high price of oil, of which everything we do economically is precariously balanced upon (BTW oil is up to $88.00 this morning ), and in an economic environment where wages are highly unlikely to go up to match inflation, thanks to all the competition from the insanely high unemployment rate.
The fact that the SHTF almost right after oil went to nearly $150.00 in 2008 is not lost on me. Was it a coincidence or the crucial domino we don't want to knock off balance for a good economy? Bernake must know that...
So Is it opposite day or something? Or is it a direct attempt to make the majority poorer? You decide....
which is exactly what bothers me. Surely the folks at the FED are not THAT stupid... in fact, they count on the general public's stupidity to get their agenda through.
The question (without stooping to the level of a conspiracy theorist) is... what is the agenda?
The question (without stooping to the level of a conspiracy theorist) is... what is the agenda?
I've decided it's more sensible to stoop to the level of a conspiracy theorist, than to look up to the theories of the Federal Reserve. While the conspiracy theories may be somwhat out there, they do make sense out of the seemingly senseless policies of the federal reserve.
which is exactly what bothers me. Surely the folks at the FED are not THAT stupid... in fact, they count on the general public's stupidity to get their agenda through.
The question (without stooping to the level of a conspiracy theorist) is... what is the agenda?
You are correct in saying that the people at the FED are not stupid, but rather than following good economic principles and practice, they have to toe the line and do what the Economic-Ignoramous-in-Chief (EIiC) dictates. Two more years of the EIiC and his cr@p policies but at least now we can have some gridlock in Congress!
A lot can be said for the price of oil. Its increase has precipitated pretty much every downturn we have had. Remember the Bush(?) tax cut, or maybe it was Obama, in the first round of stimulus? It was something like $11/pay check for the average person. That was supposed to stimulate the economy. Well when gas was $4+/gal we were spending $150+ a month more on gasoline. That isn't tax but it's darn near close, you HAVE to buy it. Theres a few things you don't cut out of your budget, and gasoline is one of them. Rent, food, gas.
Now, what it might do is if gas does go to $4-$5/gal again, you will see a lot more re-investment in alternative energy. Bio-fuels grown in the US, produced here, etc. That will eventually be a big stimulus to our economy. Downside with that is China is actually positioning themselves to be on the forefront of the alternative energy boom. They have actually been investing in algae bio-fuel as well.
That isn't tax but it's darn near close, you HAVE to buy it. Theres a few things you don't cut out of your budget, and gasoline is one of them. Rent, food, gas.
Most people can fairly easily reduce their consumption of gas and that is in fact what happen when gas prices got really high. I mean...c'mon...most Americans are still driving monsters trucks/SUVs around.
Anyhow, economics is an odd subject in that people that know virtually nothing about it think they can intelligently comment about it. Let's see, on one hand the FED is for some strange reason trying to make people poorer or on the other hand perhaps...just perhaps...there are some key things that you don't understand about what is going on. Hmm.......which makes more sense?
Anyhow, economics is an odd subject in that people that know virtually nothing about it think they can intelligently comment about it. Let's see, on one hand the FED is for some strange reason trying to make people poorer or on the other hand perhaps...just perhaps...there are some key things that you don't understand about what is going on. Hmm.......which makes more sense?
Trust in your government officials; they know what they're doing. How quaint.
Let's see, on one hand the FED is for some strange reason trying to make people poorer
This is one thing I see over and over in here and it cracks me up, that "the government" or the "the fed" or "the banking cartel" wants to make people poorer.
In the big picture or the long run how do banks benefit with more poor people? How does a government benefit from more poor people? It just doesn't make sense. There isn't someone with a black cape saying "mwuh hah hah" let's engineer the economy to make people poor.
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), and in an economic environment where wages are highly unlikely to go up to match inflation, thanks to all the competition from the insanely high unemployment rate. 
