Re: The federal Reserve is the key.
Would it be possible for you to reply in a less ambiguous manner?
Originally Posted by danielpalos
Anyway, I never made such a conclusion and I have no idea why you think I did. What I'm saying is that trying to prop up spending in the wake of a collapsed bubble that was fed by irrational exuberance is insanity as far as the long term is concerned. It can only lead to another bubble, assuming the gov't/Fed throw enough money on the fire, and the cycle repeats, ad nauseum. This time, however, further dollar depreciation will only serve to hasten the end of dollar hegemony, and when that happens the shit will *really* hit the fan.
...If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.
Sir Josiah Stamp, Director of the Bank of England, 1927