http://howestreet.com/wp-content/uploads/2011/06/Is-the-End-Near-06-05-2011.pdf
"The idea of lower interest rates will stimulate the economy is nonsense. If the return is so low, capital leaves and thus you end up with lost decades. The US is looking very Japanese of late. It appears we will see rising interest rates overall globally as capital shifts to private sector assets (non-real estate) as an alternative to bond investment. Business is still not likely to borrow to expand for the same reason it did not at the bottom of the Great Depression. WITHOUT CONFIDENCE IN THE FUTURE, NOBODY WILL BORROW TO INVEST. Until they start to figure this out, we are in a downward spiral. The elderly rely upon interest income and the politicians are destroying the living standards of the elderly with the stupidity of manipulating interest rates down. They have attacked the elderly by reducing the Social Security payments thanks to ending indexing to inflation, and the states raise property taxes forcing them out of their homes. Now that they cannot even sell their homes, the states and extorting larger proportions of net income from the elderly to support greedy state official pensions.
The only currency approaching a high is the Swiss franc. Nevertheless, keep in mind that if Europe submerges first into economic debt chaos, this will be positive for the dollar. However, the higher the dollar rises, the worse the domestic economy will develop. The dollar Index on the ICE is within striking distance of retesting the 2008 low. Therefore, we need to watch the dollar as we move into the target."
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3 comments:
The overall plan is to hurt the elderly because they want them to die. Plane and simple. They no longer pay into the system and have become a drag on it. Just drain whatever saving they have then kick them to the curb. They were stupid enough to save money during their working lives. The new motto is to spend as much as you can, go as far into debt as you can and then file bankruptcy. The last generation lived wrong. Its their own fault now.
I feel your anger and its why I post these kinds of things. The current policies have 90% of Americans grabbing their ankles and 10% drinking champagne out of slippers.
Not only do 0% FED policy screrw savers, it isn't improving economy nor rerurrecting the housing mkt.
Being too stupid to implement bogus policies is one thing, being ever more stupid letting them run knowing this....
Its great that blogs like yours exist. The more people can read about real stats and real facts, the better. Maybe people will wake up and start to change things. Thanks for all your work.
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