Wednesday, February 13, 2008

Insight to what is ahead

The Plague of the Witch Doctors

Many of us in Bear Country don't insist that a Great Depression is coming. In fact we insist that what is coming is NOT going to be a depression as we have known such a phenomenon in the past. This time, it will be different because our political and monetary authorities have learned some things from their last escapade in economic humbuggery during the 1930s. In fact Bernanke is a devout student of that period and his Fed has acquired several new ways to shore up the Keynesian system. So things will be extended this time. Not healed, or solved, just extended. And in the process, exacerbated. We bears see Bernanke and the Fed as nothing but gussied up monetary witch doctors with an array of fiscal gimmickry and crypto agencies which they can draw upon to defend their paper paradigm

Posted by sold 2 rent 1 @ 11:48 AM (472 views)
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