Monetary policy is now being used to drive our economy into new bubbles rather than long-term sustainable growth.

If we truly were on recovery road Chairman Bernankee would have raised the interest rates; the fact that rates are basically 0% just proves we are not out of the woods. Our quasi-private central bank is simply rewarding the LOSERS and punishing the WINNERS, it is criminal and sickening. For positive long-term economic growth, consumption cannot grow faster than income because there is a limit to how much debt households can service, before filling for bankruptcy and defaulting on all obligations. I wish the federal government would get that simple fact through their thick skulls! Artificial stimulus of consumption has not and cannot generate or guarantee sustainable growth!

ImpendingDoom

Related Posts:

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• Janet Yellen is a Keynesian shrill. Keynesian’s believe they can prop up bankrupt entities and grow an economy with debt-financed consumption.
• Early this morning one trader summed it up.
• The Crash of 2010: The Greatest Depression is Coming!
• How exactly does the President “pressure” bankers to lend more?

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