DESTRUCTION OF A CURRENCY

Everr since the 2001 crisis, and tech bubble pop, Fed reserve policy was one to re-inflate the bubble, not to deal with its aftermath and let economy heal.

SO 1% low rates in 2001 fueled the greatest housing bubble in out history, NO OFFICIAL ANYWHERE saw or did anything about it, why? Because tax receipts were POURING in and this allowed Government to grow its spending and size and thus control your life even more, a REAL POWER GRAB.

Low rates and blind men in control led to tech bubble, same but worse to housing bubble/debt crisis, so how did these blind men deal with the newest FED created bubble? They got even more lax, lowered rates further to 0 % !!! And the government spent themselves into a stupor with LOW LOW FED rates to make them feel better about it. HOW'S this going to turn out?

Savers get hosed, and if you think 1% rates built up imbalances what will 0% FED funds rate for 3 years PLUS running do?

Well we know all the money, bailouts, stimulus, historic low mortgage rates has not healed the housing market which when it popped was the and usually IS THE MAIN DRIVER OF ECONOMY.

Consumer sentiment has barely improved from the lows after 2009, same for housing. Government spending has replaced Consumer and business spending to keep economy from black hole. BUT now with debt ceiling due date,,,,,there is lots of talk of cutting gov't spending and raising taxes.....
this will NOT be stimulative to the economy.

9.2% unemployment OFFICIAL rate, so many dropped off and not counted it's more like 16%. Cut the deficit by $400 B a year even and you may still have $1 TRILLION PLUS deficits! Our accumulated deficit is now near a years of GDP !!!

The US has the lowest interest rates around, 10 year yield is UNDER 3%, any rise would make paying the interest payments on $14.5 PLUS trillion more difficult.

The gov't overpays its employees and has been growing at a staggering pace, the size of gov't is CHOKING private enterprise. More and more companies have offices in DC to get a piece of gov't teet.

Unintended consequences of crisis actions can be seen in commodity prices, cost of energy alone has wiped out any gov't asistance to the working class.

NOT ONE SINGLE arrest from the crisis, I guess no one did anything wrong!!

Can you stand one more dingleberry speaking about the debt ceiling? Can't wait for the comprimise deal, that will most likely talk about medicaid fraud loopholes blah blah , real cuts and action most likely will be inside that can they keep kicking.

Duratek