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Evolution The Argument Against It
Now, after trillions of dollars have been pumped into a relatively few select banks, via quantitative easing by the Federal Reserve and numerous facilities, we are starting to hear rumblings that they need even more help.
How do we know this? Simply because the Fed, via several comments made by regional Presidents and the Fed Chairman Ben Bernanke himself is indicating they may introduce another round of quantitative easing in the future.
Although the first two have failed miserably in reviving the economy, that is not the point if you look at the real motivation
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'Pride Goes Before Destruction,' 'A Haughty Spirit Before A Fall'
If we look at the two most important areas of the average American's life, namely their employment prospects and their home price, you can see that the Fed has had little positive effect since they began their quantitative easing campaign. In fact, when you compound the misery due to the rise in the price of essential goods due to the decline of the dollar, the Fed has really failed miserably in its mandate.... more
Walt Disney Was Correct: 'It Is A Small World After All!'
In the 1930s, one of the precipitating factors that led to that deflationary environment was, of course, the stock market crash of 1929. Interestingly, one of the catalysts for the crash itself was the sudden collapse of a London banking house.... more