Friday, February 3, 2012

Ben Desires "Normalcy"

"We still have a long way to go before the labor market can be said to be operating normally," Bernanke told the committee.

feeling normal yet?

So, by "normal" labor market do you mean the kind of labor market driven by a debt fueled speculative bubble chasing real estate that inflates in “value” (whatever the fuck that word is supposed to mean anymore) year over year for a decade or more?  Is that the kind of “normal” you and the Fed are shooting for, Ben?

Tell you what… you want that kind of "normal" again you better open a retail window at the Fed so that every Tom, Dick and Harry in the country can come on down to their friendly local Federal Reserve Bank and take out a low or no cost loan (with no underwriting criteria outside of the borrower being able to fog a mirror) so that said borrowers can go on a shopping spree over at your recently created bubblicious stock market and speculate with *cough* “invest” the money he borrowed from you in Facebook’s upcoming IPO…  oh, but wait.. Then you’d be the direct lender trying to collect that money back from Tom, Dick and Harry….  Well, don’t worry – as you've stated in the past, you’ve got a printing press so you can just print more Federal Reserve Notes when needed, lend it to Tom, Dick or Harry and he can repay you with the fresh Federal Reserve Notes you just loaned him….problem solved.  (You’re welcome, asshole)

Life has taught me that the best way to deal with wannabe fascist control freaks who are in fact actually nothing more than Little Lord Fauntleroy types is to give them complete control and then require them to deal with the aftermath of their decisions and actions --- on their own.  More often than is not, they choke on their own hubris….or step all over their own dick….whichever you prefer.

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