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See no evil, speak no evil…
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Thread: See no evil, speak no evil…

  1. #1
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    Default See no evil, speak no evil…

    Alasdair Macleod | Friday, September 1st

    The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day:

    ...where do the Fed and the ECB respectively think America and the Eurozone are in the central bank induced credit cycle, and therefore, what are the Fed and the ECB going to do with interest rates? And why is it still appropriate for the ECB to be injecting raw money into the Eurozone banks to the tune of $60bn per month, if the great financial crisis is over?i

    Instead, they stuck firmly to their topics, the Jackson Hole theme for 2017 being Fostering a dynamic global economy. Both central bankers told us how good they have been at controlling events since the last financial crisis. Ms Yellen majored on regulation, bolstering her earlier-expressed belief that financial crises are now unlikely to happen again, because American banks are properly regulated and capitalised.

    Incidentally, more regulation hampers economic dynamism, contra to the subject under discussion, and confirms Ms Yellen has little understanding of free markets. Mario Draghi, however, told us of the benefits of financial regulation and globalisation, and how that fostered a dynamic global economy. But a cynic reading between the lines would argue that Mr Draghi’s speech confirms the ECB is in thrall to Brussels and big business, and is merely representing their interests. And he couldn’t resist the temptation to have a poke at President Trump by expressing the benefits of free trade.

    Hold on a moment, free trade? Does Mr Draghi really understand the benefits of free trade?

    That’s what he said, but his speech was all about the importance of regulating everything Eurozone citizens can or cannot do. It is permitted free trade in a state-regulated environment. It is a version of free trade according to the EU rule book, agreed with big European business, which advises Brussels, which then sets the regulations. It is a latter-day Comintern that allows you to trade freely only on terms set by the state for prescribed goods with other states of a similar disposition. Draghi’s speech was essentially justifying the status quo laced with Keynesian-based central bank dogma.


    The Fed is clueless about the credit cycle

    http://silverseek.com/article/see-no...E2%80%A6-16837
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  2. #2
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    Default

    I just love a great in depth analysis like this and then he puts out lines like:


    "The Fed is clueless about the credit cycle, "but not the EU"

    "The Eurozone is running into deep monetary trouble", "but not the US banks"

    "The next credit crisis may be worse than you think", "for which one, the US or the EU, make up your mind"

    "No, Ms Yellen and Mr Draghi, your attempts to tame through regulation what you wrongly take to be a business cycle will fail spectacularly.
    You do not seem to realise your credit policies are the cause, never the solution.
    It is too late to stop seeing no evil in your actions, and speaking no evil about your own systemic failings."


    The EU is doing something right and the US isn't and then US is doing something right and the EU isn't, but it doesn't matter because this guy knows they are all wrong and it's going to be a spectacular fail just the same!!!

    Maybe, maybe not, only time will tell as to what happens and to which countries and to what extent.

    One never knows what your circumstances will be tomorrow no matter how well you plan for them.

    What good does several thousand ounces of Silver buried under your basement floor do you today if your setting in a Houston shelter with no money, change of clothes or anything else but your life and wondering when you'll ever see your home again.

    Yes your Silver is still safely buried, but when will it do you any good. What about the ton of food you had stashed down there as well and all the other things for your survival, damn sounds like my story minus the flood and buried Silver.

    Credit, no credit, wars, no wars, fiat, no fiat, it's all something to talk about and speculate, but until it actually happens, stay diversified and play it safe.

    Living on a high fortified Island sounds safe, but if you don't have a boat to get off that island at some point in time, you may very well starve to death.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  3. #3
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    Default It is way past time for America's expulsion of the devils.

    "And he couldn’t resist the temptation to have a poke at President Trump by expressing the benefits of free trade."
    https://www.youtube.com/watch?v=47WtItcUKAI

    Anyone that is a regular on TV is our enemy.

    Evil.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  4. #4
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    Default

    Quote Originally Posted by silverheartbone View Post
    https://www.youtube.com/watch?v=47WtItcUKAI

    Anyone that is a regular on TV is our enemy.

    Evil.

    You are hilarious, they're taking away our rights and freedom and yet you live in the land of freedom.

    To top off your insanity, you constantly want to not only deny freedom for others in this country, but you want to execute those you feel have done you wrong, which is just about everyone...

    If they are on TV, they must be evil.

    If they are on the You Tube cartoon channel, they must be taken seriously.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

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