December 01, 2011
Stupid Is As Stupid Does
DJIA 490 points up? An 800 point swing in three days? Are you kidding me? The news from Europe
hasn't changed. All they've done is make it harder for them to save themselves from their own profligacy.
And sure enough, it's the Fed enabling them like a weak brother of an alcoholic, as I reported to you a
couple of days ago. Through the Fed, we are insuring the liquidity of Europe - but it will only work IF
they pay it back. It's stupid to think they will throw off socialistic practices all of a sudden. They can't.
Heck, the banks around the world don't even trust each other! The system is NOT stable.
The fact that the opaque Federal Reserve loaned trillions of dollars to Europe through American multi-national banks, two years ago,
certainly proves that they have the lack of morals necessary to lend a mere 800-Billion by dollar-swapping. And
don't forget that we taxpayers are on the hook for ALL OF IT, when those foreign countries who support those
banks default, AS THEY SURELY WILL.
In a fortnight, they will be right back where they were, because they aren't going to change their spendthrift
behavior. Only Progressives and other morons think this money-printing will work. You cannot loan or tax and spend your way
out of recession - KEYNES WAS WRONG. The Federal Reserve is a Keynesian device.
Right now, the market continues moving sideways as the hogs continue to fight over parcels in the market.
My fear, however, is that the market will crash - by 2-3,000 points, and soon. I hope I am wrong.
(click here to read last month's Pokes
and Prods -
use browser back button to return)
(click here to
go to the all articles archives)
- Dick Anderson.

©2011 - 2014
SwampFoxNews.com