Amerikkalaine unelma

Great Depression II kirjoitti:

http://www.kitco.com/ind/grandich/sep122006.html


There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.


Depression is the aftermath of credit expansion, it is coming like night follows day


The Kondratieff wave cycle goes through four distinct phases of beneficial inflation (spring), stagflation (summer), beneficial deflation (autumn), and deflation (winter). Since, the last Kontratyev cycle ended around 1949, we have seen beneficial inflation 1949-1966, stagflation 1966-1982, beneficial deflation 1982-2000 and according to Kondratieff, we are now in the (winter) deflation cycle which should lead to depression.

http://www.neometropolis.com/bernanke-helicopter.jpg
http://www.youtube.com/watch?v=ipJTqCbETog&search=bernanke

In economic terms, there is no magic mirror.
Bernanke is trapped in "Wonderland" but unlike Alice has no way out.
Bernanke gets to choose between hyperinflation and deflation.
The moment he can not run fast enough, the US economy will implode.
If he runs too fast, the value of the US dollar as well as the FED's power will both come to a very abrupt stop.
In effect Bernanke is in Zugzwang and he does not even know it.
Economic Checkmate.

http://www.shadowstats.com/cgi-bin/sgs/

http://research.stlouisfed.org/publications/review/06/07/Bodie.pdf

http://www.publicdebt.treas.gov/opd/opdpenny.htm
Inflate or die? Inflate and die?




"The last duty of a central banker is to tell the public the truth."
-- Alan Blinder, Vice Chairman of the Federal Reserve, on PBS's Nightly Business Report in 1994


http://www.usnews.com/usnews/biztech/articles/060726/26gm.htm
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=mktw&guid={4B331AFC-CFD5-4D8B-BA1C-06AA5CE5FFA0}&

http://www.nizenotes.com/2006/07/is-plunge-protection-team-bailing-out.html



"History had not dealt kindly with protracted periods of low-risk premiums"

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