Its already been rebranded under the covers, Bernankes polices are central planning of consumption, Communist policies focused on the central planning of production, all of Bernankes / Krugmans theories have an underlying belief that the state should intervene to plan and centrally manage an economy
Goldman and JPM are virtually extensions of the US Government, the Feds role has been strengthened by Obuma and the reality is the new capital requirements and the lessons learned will mean credit contracts massively over the 2 year time frame, debt has to be reduced , savings have to rise to pay off debt, Alt A, ARMs, 1/2 trillion of private equity resets
folks need to wash their mouth out when they say fiat currency, we are not in a fiat system we a re in a credit currency system
thats what the major commentators dont understand
Add to My Watchlist
What is My Watchlist?