Bail Out

The Treasury and the Federal Reserve are bailing out virtually everyone, but who is going to bail them out?

The Treasury does this by taking on more government debt; while the Federal Reserve does this my magically creating money from simply expanding their balance sheet. In both cases, in other words, the money used to bail everyone out is created out of thin air. When this charade ends and this house of cards collapses, who is going to come to the rescue?

Public School Disasters

No More Recessions

Federal Reserve has now banned recessions — at a cost of 7 trillion.  There will be no more recessions.  So, in a sense, there is no longer any risk in investing in the stock market — it will always go higher, it will never really collapse.  Kind of like the ultimate in chrony capitalism, no?

The stock market and the bond market are completely phony, but they are the only game in town, so everyone plays them, especially since there is so much cheap money around to play them with — cheap money as in free money from the Federal Reserve.  It’s all insane, but what choice is there?

Financial Chicanery?