Fed Brinksmanship - Will Congress Blink?

Posted by $ TimCutler 9 years, 3 months ago to Economics
27 comments | Share | Best of... | Flag

I wonder if the Fed decided that it was high time for Congress to deal with the underlying issues which originally justified ZIRP and QE?

My challenge to Gulchers is to specify legislation that the President could sign that would have the effect of stimulating full employment, halting the rise of the dollar, and creating an environment in which the Fed could harmlessly liquidate its QE holdings.


All Comments


Previous comments...   You are currently on page 2.
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 3 months ago
    No their goal is quite the opposite. The Cycle of Economic Repression is entering it's third circle route with all the normal bells and whistles. In short hand it's using a manufactured or fortuitous crisis to initiate inflation, devaluation, debt repudiation with a view to destroying the value of wealth (money in excess of current need) for the Lower upper to middle class, driving the survivors of round 2 into the lower economic classes while protecting the Plato Escape Hatch group at the to and the non productive mob at the bottom.

    The concept is over fifty years old orignally known as the cycle or circle of repression and used by weak revolutionary movements against strong popular governments. Tupamaro Uruguay Marighella of Brazil your look up info keys) In the current version it's government using the strategy against citizens.

    so the answer is not until we get a different government and along with tht a constitutional one and that takes citizens who undersand rights come with responsibilities while lack of rights - as we have at present - is a result of failing to be responsible Which reminds me responsibility is an adult trait. Useless in a nation of children. and some 70 to 80 years old.
    Reply | Permalink  
  • Posted by freedomforall 9 years, 3 months ago
    The Fed would never decide that Congress should deal with the problem because the solution would be to prosecute all the big banks for fraud and close them down as the bankrupt (economic and ethical) organizations that they have been for years. The fed wouldn't do it because the fed itself would have to be closed in order to accomplish this task since the fed is run by those banksters.
    Reply | Permalink  

  • Comment hidden. Undo