It's amazing how the free market economy is moving to avoid bank assets from being frozen by banks and governments. IMO, this is the reason why the stock market has gone up by about 1,500 points very recently. That means a lot of people have taken out their savings in banks to buy stocks since the interest rates are extremely low for bank deposits.
Since Bernanke stated that he will continue buying government bonds to put more cash in the economy, the market is anticipating that inflation will be the next progression in the economy. This is the reason why the stocks have risen drastically for the past month or so. But Bernanke should be smart enough to see what's happening. He could just delay the federal bank's purchases of government bonds. This delay could also cool down the buying frenzy of stocks on Wall Street. In the end, Bernanke is hoping that the economy will rise on its own without further interference from the federal bank. In addition, we'll have to find out what Congress will do by the end of this month to address the looming cutbacks in government spending. The politicians are now forced to find a way to reduce the $16 trillion national debt without harming the present economic recovery. Stay tuned. --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@...> wrote: > > Well you can't have an economic situation where there is so much phony > debt into the trillions and NOT have it happen. An analogy might be the > banksers got a new car (repeal of the Glass Steagall Act), started it up > and it somehow got away from them. They plead innocence but they knew > damn well what was going on. In that Frontline report that Raunchy > posted a link to here a couple months back, folks who could have mounted > an investigation and prosecution said they can't because it's very > difficult to prove. > > I also mentioned that Max Keiser has been predicting this for some time > and targeted April for everything to blow up. He doesn't do this by > astrology but by observing the logical progression of things. I do the > same. Max also worked in the stock market industry and was the computer > programmer who developed the "Hollywood Stock Exchange." So he knows > what he is talking about and does so with some good biting humor: > http://maxkeiser.com/ > > All I can say when this happens in the US is "don't be nice". Don't roll > over like a sheep. Get your neighbors to do same. We need to band > together and fight back. > > On 03/18/2013 11:06 AM, John wrote: > > This could be a precursor as to what would happen to the rest of Europe and > > the USA. They're saying the economy is getting very unstable that the > > depositors will have to pay money to keep their deposits safe. In this > > case, the government has frozen the people's asset to prevent chaos in > > their country's economy. > > > > --- In FairfieldLife@yahoogroups.com, merudanda <no_reply@> wrote: > >> BANK CLOSED IN CYPRUS! Government to seize 10 percent of all savings & > >> deposits! > >> http://www.bloomberg.com/news/2013-03-17/europe-braces-for-renewed-turmo\ > >> il-as-cyprus-deposit-levy-at-risk.html > >> <http://www.bloomberg.com/news/2013-03-17/europe-braces-for-renewed-turm\ > >> oil-as-cyprus-deposit-levy-at-risk.html> > >> All banks will this weekend have electronic transfer frozen while a > >> bailout is brought in and then on Tuesday, 19 March, ten percent of all > >> savings will be taken from every depositor and transferred to central > >> planners and banksters who take on all this risk and when it backfires, > >> don't want to take a haircut. > >> > >> The most plausible explanation is that the Cypriot government "ask for a > >> contribution of all deposit holders,"is not to wipe out non-resident > >> depositors and jeopardise its long-term prospects as an offshore > >> financial centre for Russian and other money . Depositors have come > >> through the financial crisis largely unscathed. Now they have been > >> bailed in, see strong social indignation and the beginning of something > >> along the lines of the 1930s > >> > > > > >
