Thursday, February 5, 2009

Wall Street Fascists/Communists Push for MORE--Despite the Miscasting of Them as Oliver ("Oliver Twist")

Did you think I was exaggerating about the newly minted fascists/Communists that now dominate Wall STreet, and are also now running a good part oft he economy of this country? I didn't. Never doubt me. Here is a Bloomberg story (the same as tehs tories every day on CNBC) now linked on Drudge. I am only giving you the "lead":

"Feb. 5 (Bloomberg) -- Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the U.S. may slump into a “mini depression” unless policy makers spend trillions of dollars to spur growth.
“This economy needs support from the government, a check from the government in the trillions,” Gross said today in a Bloomberg Television interview..."

Guess how Gross proposes to keep long term interest rate from RISING (as the government has to borrow all of this money, and long term lenders realize how much long term inflation we are creating)? Yep. Gross proposes that the government ariticially keep interest rates down by buying long term Treasury instruments itself (from itself). There is another name for this: PRINTING MONEY. Q.E.D. I did not exaggerate. Never doubt me.

No comments: