Great interview on Bloomberg with Jim Grant, a longtime vocal critic of Ben Bernanke and quantitave easing. He explains in very clear terms how the Federal Reserve has become America’s de-facto central planner by telling us “what assets to buy at what prices and what level of nominal GDP we should all need”.
Posts Tagged ‘QE2’
Why QE2 is very destructive for the US Dollar, the “Coca Cola of world monetary brands”
Posted in Uncategorized, tagged Ben Bernanke, coca cola, Federal Reserve, Jim Grant, QE2, US dollar on November 6, 2010 | Leave a Comment »
Former Reagan Budget Director: “I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient.”
Posted in Uncategorized, tagged abolish the Fed, heroin, OMB, QE2 on November 4, 2010 | Leave a Comment »
Absolutely required viewing for those who give a damn… Everyone else: Back to your iCrap and hipster rock.
The problem with Central Banking and how it threatens real prosperity (as opposed to borrowed prosperity)
Posted in Uncategorized, tagged abolish the Fed, Ben Bernanke, optimism, QE2 on November 3, 2010 | Leave a Comment »
From: Of (Economic) Myths And (Central Banking) Heretics “… The impossible takes a little longer.” This motto has been used by many organisations, the original being the US Army Service Forces in WWII. Actually, it is a perfect motto for Ben Bernanke and will hopefully stand in future as an epitaph of the Fed and [...]
QE2 = Financial Nuclear Strike on China. Not a joke.
Posted in Uncategorized, tagged America, Asia, Japan, Nuclear strike, QE2 on October 15, 2010 | Leave a Comment »
QE2 is not just some opaque econo-speak that is of no consequence to the common men and women of Earth. It is about as serious a force to be reckoned with as a nuclear weapon. I don’t have the math at hand but my instincts tell me that if someone were to calculate the potential [...]
Converse (a.k.a Nike) to become a record label.
Posted in Uncategorized, tagged Converse, dollar devaluation, indie rock, Nike, QE2, Record Label on October 10, 2010 | Leave a Comment »
From the NY Times: Looking to a Sneaker for a Band’s Big Break My 2 cents: This stinks more than a teenager’s 9 month-old pair of Converses! Selling out used to mean allowing your music to be used to advertise brands but to have the brands themselves pay for the recording is beyond cynical. It’s [...]
