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.
Either that or be open about it. It is hard to blackmail someone over something that is public knowledge.
Huh. Apparently, you're right. You can be a 50-something politician and have an affair with the 17-year-old daughter of one of your law clients, get a plea deal to misdemeanors instead of a felony, and it's okay as long as you come out with it a couple of years later, present your new baby, and talk about your ambitions to be a leader in the state senate. Truth is stranger than fiction.
oh look, its the garbage rag the Washington Examiner, dedicated to excusing and covering up the right's mistakes.
Oh, sorry, should I have found some garbage rag dedicated to excusing and covering up the left's mistakes? There are certainly a LOT more of those to choose from.
and yes youre still a crackpot who doesn't know what hes talking about concerning vaccines or pretty much any other topic.
Actually, you are an ignorant douchebag with no clue about anything, and a shill for the vastly harmful pharmaceutical industry.
He has not acquired a fortune; the fortune has acquired him. -- Bion