Coming from you, that carries no weight at all.
Unlike you, I actually understand the economy. How that hyperinflation that you predicted is going so far, by the way?
All enabled by the Fed. You really weren't paying attention, were you?
No. It was not 'enabled by the Fed' in any way. Not even in the 'it failed to regulate them' way.
Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.
Dude, if you had at least two brain cells you could have checked this hypothesis easily. The only way Fed could 'keep rates low' is by buying securities using newly created money. This kind of intervention should be easy to check.
So let's check the evidence: http://www.tradingeconomics.co... - there was no explosive increase in the M1 aggregate until the QE policies started post-2008. And even M2 aggregate shows nothing unusual: http://www.tradingeconomics.co...
Actually, I believe that you caused the 2008 crisis by raping little children in a DC kindergarten. That theory has about the same connection to reality as your ramblings.
So the solution was the fed pumped vast amounts of money into the system and looked the other way when finance companies were essentially insolvent. A lot of debt got restructured. One group did get punished, under water home buyers were locked in and either had to scrap up enough money to pay or go bankrupt and lose every cent invested.
Yep. Fed actually took over several large financial companies and government provided emergency fiscal stimulus to kick-start the stalled economy. As a result, the recession in the US was not as deep as it could have been.
Europe instead drank the Ayn Rand Koolaid wholesale and went with hard austerity, never mind stimuli. Results are obvious: http://www.tradingeconomics.co... At this point Greece should just exit the Eurozone and leave Germany to pick up the pieces.
Detergent is not a disinfectant.
Detergent (and even good old soap) doesn't kill _all_ bacteria and spores, but it's pretty efficient in killing most of active bacteria and fungi (link: http://www.ncbi.nlm.nih.gov/pm... ). That's more than enough to delay the onset of mold long enough for the clothes to dry.
"No matter where you go, there you are..." -- Buckaroo Banzai