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Fed unleashes greatest bubble of all
- Text size
John Kemp
Reuters
December 17, 2008
Like the sorcerer’s apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control.
Now the Fed’s decision to cut interest rates to between zero and 0.25 percent, coupled with a promise to keep them there for an extended period, and the threat to conduct even more unconventional operations in the longer-dated Treasury market risks the biggest bubble of all, this time in U.S. government debt.
THE ASYMMETRIC EXPERIMENT
- A d v e r t i s e m e n t
Bubble mania is no accident. It is the direct consequence of the Fed’s asymmetric response to shifts in asset prices. Pressed to “lean against the wind” and adopt counter-cyclical interest rate and credit policies in the asset market, senior Fed policymakers have repeatedly demurred.
Led by Bernanke and Greenspan, officials have argued it is too hard and subjective to identify bubbles until afterwards, and not the Fed’s job to second-guess asset allocation decisions of professional investors.
Even if bubbles could be identified, they argue, pricking them would require swingeing rate rises that would inflict widespread damage on the rest of the economy.
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December 17th, 2008 at 1:40 pm
Well…Pay now…or pay later. There is no such thing as a free lunch. Somebody pays.
Also remember the Golden Rule: The ones with the most gold make the rules…with an unspoken intent to limit/eliminate competition. [This also applies to getting any non-"bipartisan charade" (republican/democrat) party candidates on state ballots for our so-called open elections.]
December 17th, 2008 at 1:44 pm
for those who still don’t get it……………this whole mess has been in the works for a long time now. it was planned and it was deliberate. that’s the only way they (globalists & elitists) can bring about their plans. The dollar must be destroyed first before anything can replace it. It’s all part of their broad plan. why do most Americans act as if they are shocked and surprised that our very own government is capable of orchestrating this fiasco?
December 17th, 2008 at 1:53 pm
The NASDAQ bubble burst, the real estate bubble burst, the credit bubble burst. So now let’s see how long it takes for the US Government debt bubble to burst.
December 17th, 2008 at 1:58 pm
Greedspan and helicopter Bernanke said “it,s to hard to detect bubbles”.this economy is fake
by design,it’s called phony Capitalism,to create markets when their is no market to begin with
December 17th, 2008 at 2:06 pm
You cannot serve God and Mammon. The Love of money is the root of all evil. Let these money lovers and their money perish with them.
December 17th, 2008 at 2:07 pm
When this bubble burst it will bring down this house of cards. The derivatives will soon collapse and the the banks will begin the holidays. We will get the riots as predicted and the ball will be rolling. Its in their court now and they are the architects, it will happen when they are ready and it wont be long.
December 17th, 2008 at 2:09 pm
like you care about money?
you never had any.
america is filled with pussies and they love f---ing themselves.
my god invented the devil,my god will deal with him…you fake christians…eat my s--- really because you are fat,lazy and you are not willing to deffend america.
so there.
December 17th, 2008 at 2:10 pm
like i said…you believe alex’s workers don’t sensor this site?
ok.
December 17th, 2008 at 2:27 pm
You’re so important. That is why you get censored…lal.
December 17th, 2008 at 2:31 pm
Thank god, the bloody revolution is already underway! Soon the Zionist systems of control will be laying in smoking ruin…and their agents hunted down and liquidated!
@ all true patriots: Do not be distracted by the riots which are spreading across the globe now…stay focused on the goal: the absolute annihilation of Zionism! Period! Try not to blow up too many of the smaller banks…stay focused on the Zionist controlled Federal Reserve system. If you happen to find yourselves in a position where you can capture a Zionist elite agent, do so…but keep them alive as we’ll need to extract information from them later.
Remember: stay focused and destroy Zionism wherever you find it…work hard at this until no Zionist draws a breath.
DEATH TO ZION!!
December 17th, 2008 at 2:34 pm
anton, I love f---ing myself.
December 17th, 2008 at 2:38 pm
Humpty Dumpty sat on a wall.
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men.
Couldn’t put Humpty together again.
circa 1810
Humpty Dumpty sat on the board.
Humpty Dumpty did nothing but hoard.
All of the Greenspan’s and Bernanke and more,
Would not listen to Ron Paul, and continued to whore.
The banks would not listen and held on to the cash,
as Bernanke continued to lower rates on his stash.
The world grew more frightful as the fraud was so bold,
giving our wealth to the chosen and more tax to those cold.
People showed their displeasure in the circus of greed,
but the elite stood there laughing as if no one were in need.
The U.S. did then tumble as the stocks went so low,
and retirements were taken from the workers that sow,
From riches to rags and from homes to the street,
the bankers would prosper, as the people retreat.
As the rich would be richer, with more bailouts to do,
Our king of poor business gets beat with a shoe.
Change is the word and the message they brought,
but no longer the message and more fights to be fought.
We could continue this rhyme as it appears to no end,
that those ruining this nation are just about to begin.
Circa 2008
December 17th, 2008 at 3:11 pm
I wonder how many gvmt. emplyees moniter this site? For the global elite to pull this off they need to divide and conqour. I have noticed more conflicts on this board. I have to admit I get sick of the people knocking the Christian perspective. But I beleive everyone should be able to express their point of view otherwise we become just like the enemy. We need to stick together more now than ever. I will stand shoulder to shoulder with the new-ager, atheiest,agnostic etc. None of us have all the answers and all the bickering is not helping matters. I oppose globalism and the new world order and the patriots need to unite . They lie we need to tell the truth,they destroy we need to build, they hate we need to love. Good will prevail over evil but this wont be pretty. Godspeed !!!!
December 17th, 2008 at 3:19 pm
Grim times are up ahead people start hording as much food as you can… I just heard on the progressive radio station that they’ll stopping $40 million worth of oil production.. meaning that the gas prices are about to jump ahead again… in actuality the gas prices getting lowered scared me, kind of the “calm before the storm” thing….
December 17th, 2008 at 3:20 pm
#12: Great poem, man. I sent that around.
Long live the republic!
December 17th, 2008 at 3:44 pm
Without Jesus Christ at the center of your life you will be painfully crushed by what is about to transpire in this world and in YOUR neighborhood! If you choose to reject the God of the Bible, the fate that you WILL experience can be found in Deuteronomy 28 titled, ‘Curses for Disobedience’. The choice is up to you. You are about to find out HOW MUCH PAIN YOU CAN HANDLE. Then we will all see how much of a ‘tough guy’ you really are…
December 17th, 2008 at 4:09 pm
if any new world order c---arses are spying on this then pls be aware that i s--- on your new world order. Never mind Fema camps – all bilderberg and NWO members should be ’round-up readied’ (sprayed with Monsanto GMO pesticide) then put into a large, airtight plastic container where members of the public can s--- and piss on them whilst asking them to justify their actions and lies until they all suffocate in s--- and piss. That can be their new world order.
December 17th, 2008 at 4:16 pm
“If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen.” Samuel Adams…Here! Here! no greater words have been spoken for today and whats about to befall the entire globe. You should already have your gasmask and chemsuits now make sure everythin g else is in order…lets go!
December 17th, 2008 at 4:23 pm
I popped a bubble in the bath tub and it smelt bad.
December 17th, 2008 at 4:27 pm
Nothing like the people that caused it to fix it.
December 17th, 2008 at 4:37 pm
#16 id like to see how much pain you can handle, nutter
December 17th, 2008 at 5:09 pm
god help us all!
December 17th, 2008 at 5:10 pm
I think there’s trouble, with my special bubble.. These two buys should start a new TV show. Queer eye for the Queer guy. Look at how Satan’s little helper is gazing lucidiously at Bukakke Ben… Tell me they arent homos.. lol. Not that there’s anything wrong with that. Just come out and say it you homos..
December 17th, 2008 at 5:49 pm
soon……they must be put in the ground…
December 17th, 2008 at 5:52 pm
the charade is over…the rats behind the curtains are all out in the open now………..remember in the movie the Departed; Jack Nicklson; “Rats…their everywhere…” either put your head between your legs and kiss your ass goodbye; or buck up and gird your loins like a Man with a Pair and fight these global pricks now!
December 17th, 2008 at 6:20 pm
Yeah, Change has come to the U.S.
December 17th, 2008 at 6:54 pm
I think the gov’t needs to hear very loudly the old saying that money does not grow on trees, because they truly think (or are pretending to think) that they can cut down trees and print money from them to clean up this mess. Our country is run by a bunch of stupid fu#king five year-olds.
December 17th, 2008 at 7:12 pm
Nate don’t even bother posting here. You’re an idiot
December 17th, 2008 at 7:48 pm
nate, please read a book or something..moron
December 17th, 2008 at 7:49 pm
The Dollar is a FEDERAL RESERVE NOTE printed with ink on CRANE paper and that is all the dollar is. It is accepted as payment only because it can be used for payment by goodwill. What you have in actuality is digital nonsense basically. This was not by accident, but by design. Never, never think anything is by accident, for if you look close enough it will have design to it.
L E V I A T H A N
December 17th, 2008 at 7:55 pm
times are hard right now and they are going to get worse. in my own town there are stores closing all over. @ my job it is slow and i have a felling layoffs are coming real soon. all those people who thought i was nuts for stocking up on things are saying they are going to start stocking up too. ive been sending ron paul and peter schiff videos to as many people as i can because imo they are the only ones speaking the real truth in the msm.
December 17th, 2008 at 8:48 pm
#12 rjs- great poem! I plan on sharing that with all my friends if I have your permission.
#18- Great quote- no truer words spoken in the last 250 years
December 17th, 2008 at 9:11 pm
we need to be smarter than this, they already know how 99% of us will react and when they come to detain us it won’t be at our homes…it will be at a spot checkpoint or when your coming out of a store or work, do you really think their so ignorant as to come at your terms! they’ll do it on theirs and at a time of their choosing with the least chance of confrontation. They’ve planned this for decades now and when it goes down those who are lucky enough to escape it will be hunted like rabid dogs. and any idiot that thinks this is ridiculous try turning off your idiot box for a month and pay attention to whats happening you’ll e surprised at what you’ll see or just keep being one of the dumbed down american sheeple, my word you’ve had PRESIDENTS admit there is a handful of people that control the government and they the elite bankers…don’t take my word for it….RESEARCH IT yourself…..research President Woodrow Wilson’s comment after signing the fed into existence….hell heres the wikipedia (government) site http://en.wikiquote.org/wiki/T.....….22, see and learn for yourselves!
December 17th, 2008 at 9:18 pm
here so food for your brains….
A nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.
John F. Kennedy
December 17th, 2008 at 9:32 pm
A state of war only serves as an excuse for domestic tyranny. ~ Alexander Solzhenitsyn
December 17th, 2008 at 9:38 pm
OZZY ANYONE? http://www.youtube.com/watch?v.....re=related
December 17th, 2008 at 9:50 pm
you blind sheeple that don’t believe Alex Jones that’s understandable….but what about your own presidents! are you so blind and arrogant as to not heed their warnings! Research Quotes by Presidents about banks, the fed, etc. the more you listen to Alex the more you realize he is not bs-ing you. Never take one persons world for anything research it for yourself. So next time our so called president tells you there’s no NAU or NWO try seeing for yourself and you’ll be amazed at how much the government will lie to you!
December 17th, 2008 at 9:59 pm
@13 people are pissed off at the christians because they are moronic hypocrites. Take censorship, for example. Most christians frown upon using 4 letter words, and point to “Thou shalt not take the name of the lord thy God vain” to support their position. Ok, I must be confused, because I didn’t know God’s name was f---, ass, cock, s---, or pussy. I am so damn confused that I thought that commandment was about not claiming the authority of speaking on behalf of God for the purposes of personal gain, like all the televangelists do. I need to be re-educated, apparently.
December 17th, 2008 at 10:00 pm
its time to awaken the sleeping giant!
December 17th, 2008 at 10:02 pm
will the sleeping Giant awaken before its too late?
December 17th, 2008 at 10:03 pm
#38, Christians are going to mess up all the time, but we shouldn’t compare ourselves amongst ourselves. We need to understand who we are in light of God’s holiness.
Here’s something for you to read through, I hope its a blessing for you.
http://www.sharingtruth.org/goodnewsshort.html
December 17th, 2008 at 10:03 pm
blackflag your the reason this country will not survive.
December 17th, 2008 at 10:11 pm
uneducated people are a threat to not only themselves but this countries freedom. get it #38? you turn on a people that cannot save your future or your way of living because you have been dumbed down to think just that by your so called government! your a fool!
December 17th, 2008 at 10:24 pm
Blackflag, Christians do not base our preference for “clean” language on the 10 commandments, although some believers will mistakenly tell you we do. It is based on Colossians 3:8 – “You must rid yourselves of all…filthy language from your lips.”
And if you don’t mind me asking, what on earth does this have to do with “Fed unleashes greatest bubble of all”? Are you in the wrong place?
December 17th, 2008 at 11:33 pm
Biggest bubble of all?
What were they doing? Sitting in a bathtub together giving each other a hand job and farting?
Come on. Have a laugh.
December 18th, 2008 at 12:39 am
@42 Yeah, people who think for themselves like myself are the problem. I’m the problem, not hundreds of millions of mindless drones who swallow whatever collection of misquoted and out of context sentence fragments from the bible are being served up this sunday.
@43 You’re the fool. You’ve fallen into a false dialectic world-view in which the only 2 possible belief systems are secular atheism, and the religious establishment. I believe in God, but i reject dogma.
@44 Its open to interpretation what “filthy communication” means. Depending on which version of the bible you read, you get anything from saying “cruel and hateful things” to a less ambiguous “profanity”. I don’t speak latin, so I suppose I really can’t be 100% sure whose right…. However, if you consider the message of the new testament, and look at other passages that tell you things not to say, profanity clearly lies in a message, not the words constituting that message. If you don’t understand the distinction, you need to read the bible more. Please start with Matthew chapter 6 so you can read in Jesus’s own words all about the things christians are not supposed to be doing that they do daily. And by the way, I was responding to post#13.
December 18th, 2008 at 2:14 am
LMAO at Arduth Bay #19
December 18th, 2008 at 4:18 am
Mane stop flogin Tom Jones stop flogin
December 18th, 2008 at 8:39 am
This is the best youtube I have ever seen about the bail-out and coming economic crash, starring lots of Ron Paul. It’s dead on accurate and filled with clips of Obama and Pelosi and other “evil doers” Watch and Rate!!!
http://www.youtube.com/watch?v=8PIEGK0IbA4
December 18th, 2008 at 9:02 am
“The NASDAQ bubble burst, the real estate bubble burst, the credit bubble burst. So now let’s see how long it takes for the US Government debt bubble to burst.”
I give it till September 2009. Gerald Celente and Lindsey Williams both say a year or less. I think less. With the 0% fed rate it will be a hard sell to anyone or a government to buy T-Bills and government bonds, which finances just the interest on our national debt. When the Fed says they will issue T-bills and bonds, the money won’t go into the national treasury, it will go to the elite bankers, who have no intentions of paying any of the interest on our national debt. Hence the US government goes bankrupt in less than a year. The FED stole America’s wallet, checking account, savings account and is now working on stealing our lives.