The Fed Manipulates the Market

Sunday, June 19, 2011
Posted in category Financial Markets

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.

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3 Responses to The Fed Manipulates the Market

  1. liberranter says:

    June 20th, 2011 at 4:50 pm

    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.

    Actually, that’s really not a shocker at all when you consider that, as an almost ironclad rule, anything that the MSM expresses concern about is a non-issue among us mere unwashed who live in the real world, and vice versa.

    As for the revealing ORC poll, count on the same MSM to either completely ignore or downplay, in the most condescending and unconvincing of ways, that concern.

  2. Robert Taylor says:

    June 21st, 2011 at 8:22 am

    And now we find out the Fed digitally printed another 20 TRILLION (with a “T”) to hand out to foreign banks in Ireland, Greece, McDonalds, Harley-Davidson, GE….et al. Stealing..outright stealing of American tax dollars via a fiat currency (the dollar) which we are forced to use to trade and buy consumer goods and food which, as a result of the Fed actions, causes prices to keep crawling up.

  3. M. Terry says:

    June 21st, 2011 at 7:01 pm

    Thankfully, we have Ann Coulter spending time writing a column explaining how she loathes flaming Ron Paul and libertarians in general over the gay marriage thing.

    Seems that neocons writing stupid laws is OK – but liberals writing stupid laws is bad. And libertarians writing no laws is worse.

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