Youth unemployment is already unworkably-high, particularly in the PIGS. For that reason, I don’t think the existing economic strategy has a prayer of staying in place.
Capitalist Democracy apparently can only deliver a workable…
Man, events are happening so rapidly lately that my little Spock fingers are struggling to peck out the many missives required to cover them.
The latest to-do involves BOJ Pigman in Chief, Kuroda, who as reported here:
http://www.bloomberg.com/news/2…
in an interview with chipper little Suzie Gharib, found here:
http://nbr.com/2013/06/10/the-feds-next-move-and-you/
…Charles Plosser, Philadelphia Fed Head, says that if it were up to him (which it isn’t), he would yank away the punch bowl and leav…
…nervously pacing the floor, popping Ambien and Lunesta like M&Ms, and muttering to himself:
“But my models SAID this would work…”
That chart, of course, being this one:
http://research.stlo…date=2013-06-11
…whereby it is revealed that the “MOPS” (Masses of Proles) continue to refuse to further bury themselves in debt in order to keep the Ponzi Monetary System from imploding.
And this precipitous drop in MOPs borrowing has taken place DESPITE the fact that Bernanke and his fellow Fed Pigmen have pumped:
TWO-POINT FIVE TRILLION FIATSCOS
…into the moribund financial system over the past five years, and Uncle Thug has blown:
FIVE-TRILLION FIATSCOS
…by following the Keynesian “prescription” of fighting too much debt with…you guessed it…more deficit-spending/debt!!!
(Spock Conclusion): Bernanke is getting a real-world education, which is quite different than the cloistered, insulated, mathematically-constructed, life he lived as a college professor. For, as the graph above shows, “The best laid plans…” often completely disintegrate when they meet brutal reality.
Furthermore, this frustration that Bernanke is experiencing may indeed explain why he is “tiptoeing toward the exit”, and leaving the mess he created to the next Fed Head, should anybody be insane enough to want to be the fool who tries to lord over this nightmare.
In today’s speech, found here:
http://www.stlouisfed.org/newsroom/displayNews.cfm?article=1814
St. Louis Fed Head Bullard laments deflation (you know, except in the price of food, gas, insurance, medical care, education, travel, housing and auto pric…
As noted here:
http://www.thereform…learance-aisle/
…”prepper” and “stacker” products (such as freeze-dried food and PMs) are being sold at deep discounts.
Also, here in my backyard, one of the local survivalist stores had a weekend sale, offeri…
According to the latest Japanese Alpha Thug economic reports (and governments never lie, do they?), simply by implementing Infinite QuantSleazing and Perpetual Deficit Spending, Japan has managed to out-export its Asian mercantilist rivals. And, as a c…
Uncle Thug has literally become the “cradle-to-grave” ruler of the majority of sheeple.
To wit:
1. As shown here:
http://www.opm.gov/policy-data-oversight/data-analysis-documentation/federal-employment-reports/historical-tables/total-government-empl…
Today, I watched with great interest “NHK World”, and their weekly program “Asia biz forecast”, found here:
http://www3.nhk.or.j…abiz/index.html
This week’s edition delved deeply into “Abenomics” and discussed how this latest attempt to drive Ms. W…
Credit analyst Doug Noland tears into the latest Federal Reserve Z1 “Financial Accounts” report, and reveals the scam that is our Ponzi Monetary System.
