Click on the image to watch Rick and I discuss global central bank policy missteps.
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Tags: Abe, BOE, BOJ, ECB, elections, Fed
This entry was posted on November 17, 2014 at 7:07 pm and is filed under Central Banks. You can follow any responses to this entry through the RSS 2.0 feed.
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November 17, 2014 at 10:27 pm |
I don’t understand the statement that the FED should stick to monetary policy, and stay out of the fiscal debate, when the facts are the FED’s had an incestuous relationship with Congress from the get go. There is no difference in the outcome of monetary and fiscal policy. There’s only govt’s policy, with the objective being for the banksters to make lots of money from big govt, by making sure govt remains big.
Who finances the promises that politicians know can never be kept? Who makes sure the interest of the people are sacrificed to pay the interest to the banksters (at least until the people figure out that govt never had any intention of paying anything back)? If the FED really wanted to be out of the fiscal debate they would stop selling the debt of Congress. Why is the country paying interest on digitized money creation, whose accumulation now represents the majority of the debt?
The solution is not difficult to understand – shrink govt to the size that can be supported by the taxes they CAN collect without chasing capital underground and under mattresses. Since the bankster-govt mafia is harmed by such a policy, nothing will be done proactively – certainly not until short term-limits are implemented along with the elimination of judges for life (which also won’t be done for the same reason).
Unfortunately, this is why the masses will eventually grab the policy arrows from Abe, QE from the FED, and the euro from Brussels and stick them where the sun don’t shine when they realize their precious govt’s have to renege on their promises. Central planning always fails and the invisible hand always wins. It’s too bad we haven’t progressed enough to learn this basic history lesson.
Sorry for the rant, but it’s really not complicated.
November 18, 2014 at 7:16 am |
To sum it up, Janet Yellen should keep her mouth shut and stop acting like a yenta.
November 18, 2014 at 7:38 am |
Blacklisted–its ok—but the biggest view is difficult to trade so I try to stay focused on the near term—how it all plays out can be discussed but not traded and let’s try to focus on investment opportunities provided by the positives and negatives of policy makers–all else is commentary
November 18, 2014 at 11:16 am |
Understood, but even Rick understands the need for a good rant now and then. After all, how fun is investing going to be in the world that policy makers are taking us. Even traders have kids and grandkids and can be leaders, not just opportunists.
November 18, 2014 at 3:56 pm |
Blacklisted–well understood and the power of markets can be a force of change as well.Remember the words of James Carville about wanting to be reincarnated as the bond market so he could intimidate everyone—this held true until the FED broke the bond market and it stopped being the barometer of political policy malfeasance.