Absolutely great post Antidefm. Thank you very much ! The "trick", purchase of treasuries, is just a cheap trick that allows the Fed to fullfil (just formally) its commitment to its balance sheet while US tresuries are formally "safe assets" in order to inject even more money "out of thin air" as they told.
Amid an hyperinfltionary phase of this crisis awaits, that attitude from the Fed is feeding that hyperinflation even much deeper. I do not want to qualify that attitude with gross words because I would be unpolite, but those are the words that it deserves. Unfortunately I have not much time this week. Within the next two weeks I will try to post about the current situation because it deserves a very rigurous and elaborated comment. In fact, Americans deserve a serious analysis that, as far as I could read, US main stream media is not offering these days. In my opinion, it is absolutely unfair toward Americans how US MSM are behaving about this topic. About the first video clip from Russia today, it cannot be more rigurous. The word that they use "disastreous consequences" cannot be more accurate. Also, its comparison with Germany 1929 cannot be more accurate. Also, it is very apropriate its comparison with the European attitude. Injection just serves for profit of lenders. The liquidity crisis is behind, the credit crisis is behind, the banking crisis is behind. It does not mean that they are fixed that main street has liquidity and loans. They are not fixed at all. I mean that it is a economic crisis, not just a financial crisis, and therefore financial actions do nothing good for real people and for real economy and for real corporations. Peace and best wishes. Xi On Mar 20, 5:36 pm, antidefm <[email protected]> wrote: > ** Obama turns on money printing > machinehttp://www.youtube.com/watch?v=mSBGk76TMbA > > ** EU votes against injecting more > cashhttp://www.youtube.com/watch?v=i486yBSROKo > > ** Very interesting report - World Power and Economic Hit > Manhttp://www.youtube.com/watch?v=w28RiQVjqt0 > > The original Russia Today is 11-minute long. John Perkins made some > comments at the last 0ne minute on the current global economic > situation. He has the confidence that disaster won't happen, and world > financial may change. I have to cut the last one minute out because > the maximum length for YouTube is 10 minute long. > > http://www.russiatoday.com/Politics/2009-03-18/_Govt_PLC_-_who_s_the_... > > ** CCTV-9 telephone interview with Mr. Tang Min, the Deputy Secretary > of China Development Research Foundation, on the impact of declining > US dollar. > I have the problem to get that video. CCTV-9 has fixed the broken link > problem, but the new problem is their On-Demand videos uisng the Adobe > Flash Player. I just can't get it. > > Damned CCTV-9, they are just sitting there and waiting someone else to > tell them what kind of problem they are having. I have to make more > videos on them! > > http://www.cctv.com/english/20090320/105239.shtml --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
