Two plus = five, etc.
The
Fed's 'kamikaze' attack on the dollar - the floggings will continue until...
|
At
this point all the pieces are in place for the inflationary spike and
currency crisis I've been predicting for 2014. We now have open-ended
QE that is tied to economic output and unemployment. But since
debasing currencies has historically never been the cure for the
bursting of a credit bubble, all the Fed is going to produce is
spiraling inflation. So as this progresses we are going to see the
Fed printing faster and faster as the result they are looking for
never materializes. This is what will ultimately drive the currency
crisis at the dollar's next three year cycle low in 2014.
At
this point, watch the price of oil if you want to know when the next
recession is going to begin. As I've pointed out many times in the
past, recessions (well, at least since World War II) have all been
preceded by a sharp spike in the price of energy. - “The DailyCrux” (click)
Mark
LeVine, Professor of Middle Eastern history at U.C. Irvine, writes:
Americans
and Europeans are no doubt looking at the protests over the "film",
recalling the even more violent protests during the Danish cartoon
affair, and shaking their heads once more at the seeming
irrationality and backwardness of Muslims, who would let a work of
"art", particularly one as trivial as this, drive them to
mass protests and violence.
Yet
Muslims in Egypt, Libya, and around the world equally look at
American actions, from sanctions against and then an invasion of Iraq
that killed hundreds of thousands of Iraqis and sent the country back
to the Stone Age, to unflinching support for Israel and all the Arab
authoritarian regimes (secular and royal alike) and drone strikes
that always seem to kill unintended civilians "by mistake",
and wonder with equal bewilderment how "we" can be so
barbaric and uncivilised.
All
of these things (and many more) have contributed to Muslim and Arab
anger toward the United States and the West. Yet the underlying fact
of all of these historical threads has been the United States'
oil-driven foreign policy.
Very
simply, the United States has for over half a century pursued a
foreign policy in the region geared toward maintaining the flow of
oil out of the region at any cost – even at the cost of inflaming
the irrational and psychopathic religious elements that have long
existed in the region. - Azizonomicshttp://azizonomics.com - (click)
"It
means we are weakening the dollar. We are trying to liquidate our
debt through inflation. The consequence of what the Fed is doing is a
lot more than just CPI. It has to do with malinvestment and people
doing the wrong things at the wrong time. Believe me, there is plenty
of that. The one thing that Bernanke has not achieved and it
frustrates him, I can tell – is he gets no economic growth. He
doesn't do anything with the unemployment numbers. I think the
country should have panicked over what the Fed is saying that we have
lost control and the only thing we have left is massively creating
new money out of thin air, which has not worked before, and is not
going to work this time..."
- Ron Paul (click)
The
Federal Reserve's latest stimulus effort will drive the dollar
"through the floor," Peter Schiff, CEO of Euro Pacific
Capital, told CNBC.
"This
is a disastrous monetary policy; it’s kamikaze monetary policy,”
Schiff told CNBC “The dollar index is going to go down to 40, it
might even go to 20 - I mean this is going to be in free fall at some
point … ultimately there’s going to be a currency crisis.” -
Money News
Hоla! Ӏ've been reading your weblog for a while now and finally got the courage to go ahead and give you a shout out from New Caney Tx! Just wanted to tell you keep up the excellent job!http://doctordatabasepro.com/doctor-database
ReplyDeletemy page :: health