The Fed Manipulates the MarketSunday, June 19, 2011
Here are a couple of gems from Bill Bonner on the Mises Blog (via the Christian Science Monitor).
The market is fixed. The SEC is in on it. It’s all part of the zombie system of finance. The dollar pretends to be real money. Debt pretends to be capital. And regulators pretend to be smarter than capitalists. Details to follow.
…If you’re one of the 15 million Americans who is underwater, it’s easy. If your house is worth less than the mortgage outstanding against it, simply walk away.
Meanwhile, a recent Opinion Research Corp. poll show that 48% of respondents thought it was either “very likely” or “somewhat likely” that the U.S. would face another depression in the next 12 months. And shockingly, Americans polled are concerned about the economy, prices, taxes, and our war campaigns in the Middle East, yet they care not a lick about the pet pc topic, gay marriage.