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Did Bernanke Really Save The World?

Ben Bernanke and his teenaged Wall Street media groupies like to claim that he saved the world with QE. But if QE was such a cureall why has the “recovery” in Japan and Europe been so weak? The ECB printed money out the wazoo for a while and the BoJ is giving Japan, the US, and everybody else an all out BoJob. Yet only the US is rising.

The Fed and friends all pump cash into the same banks all around the world. When the Fed prints, the cash goes straight to 22 Primary Dealers, 15 of which are European, Canadian, and Japanese banks. Only 7 are US banks. The Fed is money printer to the world. But so is the BoJ, and so is the ECB. They buy securities from, or lend funds to, the same big fish playing in the same worldwide big fish pond. And those fish like to swim where the waters are warmest. Apparently that’s the US. Its markets and economy are rising faster than anywhere else in the developed world.

Liquidity moves markets!

Follow the money. Find the profits! 

So did Bernanke really save the US economy, as the Keynesians and assorted mainstream media windbags claim, or was it something else? Please indulge and allow my to illustrate my thought on the matter.

Frickin Fracking - Click to enlarge

Frickin Fracking – Click to enlarge

I wrote at length on this, back in August.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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