Thursday, Nov 26th

Last update06:48:40 AM GMT

You are here News Editorials Prairie2: There goes one! STOMP STOMP SQUISH

Prairie2: There goes one! STOMP STOMP SQUISH

E-mail Print PDF

SquooshThe stock markets were down sharply today on the release of the last Federal Reserve Board minutes that suggest they are are losing their consensus on the continued printing of more money to plump up the bond markets. The Fed has been pumping out $85 billion a month in the effort to hold deflation at bay.

The math on what they've been doing is that this is roughly equal to a quarter of the Federal government's budget. Not that the taxpayer is funding this, the Fed just prints it, or rather they move electrons around in some computers to buy bonds from rich people and institutions so that they can show a profit and reinvest.

The worry isn't over the fact that the Federal Reserve is doing this, the panic is over the idea is they might stop. You can't let go of the tiger's tail until he's really, really tired. A lot of people on the right think we're just annoying the tiger, if we would only let go he'll be a good kitty and lick our hand. Does kitty want sauce with his finger snacks?

Senator Elizabeth Warren has just started holding her first hearings into the ongoing criminal conspiracy know as Wall Street banking. Needless to say she's not happy with the Obama Administration's lack of prosecutions, although she does acknowledge the lack of resources thanks to the Republicans...but feet are being held to the fire just the same.


Most Recent Related Stories...

The Road To The Paris Attacks Runs Through The Iraq War

Bush and Cheney, architects of warOne Middle East catastrophe apparently wasn't enough for some supporters of the 2003 U.S. invasion of...

Frank Bruni: The Catholic Church’s Sins Are Ours

Frank Bruni It’s fashionable among some conservatives to rail that there’s insufficient respect for religion in America and...

Paris attacks: The West’s fatal misunderstanding of Islamic State

What the West does not understand about ISILThe horrendous attacks on Paris have an eerie resemblance to the events of Sept. 11, 2001,...

Bob Alexander : Nightmare Alley

Haunted house“No live organism can continue for long to exist sanely under conditions of absolute reality; even...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!