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Yellen and QE4
Yellen should be arrested for such blatant asset prices
manipulation imo. Yesterday's talk of MOAR QE has led to a quick 24
hour 2% surge in the markets. Just how terrified must she be that
what they're doing isn't working? The economy isn't hitting their
forecasts yet again, nobody knows where the Fed's goalposts are now
for changing interest rates, so weeks ahead of a possible rate hike
(ha!) she starts talking QE. And of course stocks love it, as
usual. Never mind the corporate profit recession, lack of worldwide
growth and extreme valuations especially GAAP, it's MOAR easing and
that's the only thing that matters, and she damn well knows it. I
wonder how long before we have NIRP, a cashless society so they can
track and tax everything (it fights terrorism, apparently, and
that'll be the excuse for forcing it), and helicopter money drops.
If you had said we'd be here a decade ago, people would have called
you crazy.
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Jester,
How true. I am perhaps 20% invested or so in this market, so
your rhetorical question of who would believe the scenario of what
has transpired - certainly not me. I expected that the printing
money would lead to a hellacious inflation, and perhaps ending in a
market crash worse than 2008. I really missed out on this
manipulated market. Silly me.
As pretty much everyone points out, I'm agast that the Fed has,
I think, gone waaaaayyyy beyond its mandate to control inflation.
As you know so well, they've taken so much control over a
manipulated economy, that Yellen's words are followed much more
closely than anything the Pope has to say. Probably even if she
mumbles in her sleep. It must be that the moneyed class has a large
stake in letting the Fed call the tune, that no one really has
talked seriously about absolishing this abominable institution,
which has not always been with us. Jim Rogers is the only person of
note I can recall saying kill the damn thing. And a lot of people
think he's a nutcase. And maybe Rand Paul - I don't
know.
I don't understand why nobody has asked Hilary what Goldman
Sachs *got* for her speaking engagement with them. I don't mean
just how much money, but what was the quid pro quo? The one thing
I'd love to see is Al Jazeera holding a debate for all the
candidates.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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03/30/16 at 2:37 PM CDT
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I've skipped most of the debates, but I'd definitely tune in for
an Al Jazeera one. Can you imagine how that would go with the likes
of Ben Carson's comments about moving Palestine down into Egypt,
and that the Pyramids were grain containers? Or Trump with his bomb
everywhere and torture everyone rhetoric?
Oh, related to this, if you haven't seen it I highly recommend
Lindsey Graham on Daily Show last week. It was incredible the
things he was saying. I was shocked. He did not give a fuck, it
was... wow. There was a 6 minute interview and then a pool game
which is also worth seeing.
cc.com/ep...-21083
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Author:
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Jester
Debunker
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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03/30/16 at 2:54 PM CDT
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