Friday, February 18, 2011

How To Fake An Economic Recovery

http://wiki.colby.edu/download/attachments/104792153/lange1939.jpg?version=1&modificationDate=1252696093207

Don’t Count The Unemployed, Discount Them:
.........you simply change the definition of “normal unemployment”. Thus, the debilitating jobless rate which was originally thought of as “bad”, is now thought of as “natural”. You must then publish long-winded white papers using more subjective statistics devoid of common sense while feigning a logical pretense:

As Long As Stocks Are Green, The World Is Golden:........ Could it be that without constant liquidity injections from the Fed, the stock market would once again collapse like a wet paper sack? We know that in 2009, it was revealed that bailout funds which were supposed to go towards muting the effects of toxic bank assets were actually being pumped into the equities of healthy banks instead, meaning,the money has not been allocated to the areas promised:

Inflation? What Inflation?:
.........our government and private central bank calculate the Consumer Price Index (CPI) without counting food or energy. Most grains and crude oil have doubled in price over the past year alone, and this does not reflect well on the safety of the dollar, or the effectiveness of liquidity measures by the Fed. China, whose inflation is but a prequel to our own, is also distancing food and energy price surges from its CPI numbers, giving the false impression of leveling markets:

Create Debt To Pay Off Debt: ........print even more fiat and use it to purchase your own Treasury bonds! This serves two purposes; first, it props up the federal bureaucracy which gives the impression of stability (at least for a time), and, it furthers your goal of squeezing the dollar like a grape.

Remove All Checks And Balances:.........Now that ratings agencies are finally doing their job and downgrading the creditworthiness of banks and countries that possess extreme liabilities, the SEC is moving to marginalize them:

The Creeping Terror:.........My suggestion to them was to start looking for another job, because their company was about to declare bankruptcy. They, of course, denied this was remotely likely:

2 comments:

  1. You know- except for the fact that she's probably older than my grandmother....she's kinda cute.

    Oh, I'm sorry- you were talking about the black Hoover?????

    ReplyDelete