Category: Costs of Economic and Fiscal Failure

The Demise of QE-2

The Demise of QE-2

Oh, Really?

Speculation and QE-2 Go together like a horse and buggy.

Or was that …like a 1.64 Trillion Dollar deficit and a rather conflicted Federal Reserve?

Or was that like a 3.7 Trillion Dollar Budget and a rather conflicted Congress?

In view of the administration’s disdain for the express will of the people such as became manifest and more than abundantly clear last November…the question remains as to whether or not QE-2 is to go …or stay and become supplanted by what may become QE-3 is anybody’s question …or is it?

Unlike what would otherwise be like a deep black secret …the demise of QE-2 is anything but …beyond top-secret.

Instead, whether QE-2 is to stay or go …is something which Federal Reserve Chairman Ben Bernanke is not surprisingly …now, more than less …obligated to disclose openly to the likes of Congress …namely, to satisfy the likes of a more than entitled curiosity …the itchy ears …of the likes of those of Senator Ron Pall not withstanding.

Ben Bernanke; “…unsustainable debt …”

The following are two crisis words.

And …if there ever were two words today which have crisis written all over them …they are those uttered in Congress today!

The following two words which were those spoken loud, strong and clear.

The words were part of an address which characterized U.S. Public Debt as “…unsustainable debt …”

These two words came from The chairman of The Federal Reserve …Ben Bernanke today as the chairman spoke before members of The Senate Banking Committee.

Curiously, what I personally find as being less than sad is Congress’ lack of regard and esteem for tens of millions of voters who …last November, went to the pools to voice their collective, unified singleness of purpose.

By this Ben Bernanke was merely reaffirming the validity of the American voters who sent this massage earlier this last November.

Why should either the President and or Congress need one more man’s word to make the spirit of America’s will any more exact and any more unmistakably clearer?

As such, these two word’s stark reason and reality stand as a slap in my face …all in light of the light-weight approach to this administration’s budget proposal and the Republican-sponsored meager spending cut’s initial proposals.

Such as November’s voice was, such a will can not be allowed to be summarily swept under the rug …dismissed and otherwise marginalizing the will of the American people.

Re.: Monetary and Fiscal Responsibility;

And while bad habits are easily learned and obtained; they are not so easily worked free from …in reversing their affects’ impacts.

These take prayer and fasting.

Take a rather strange lesson from an otherwise foreign focus and vision …one generated in mixing an atmosphere of strong necessity with one of equally strong discipline and regimented resolve.

That’s why the Germans have been rather more successful in adopting …with their engrained mind-set of discipline …a more prudent and reasonable rationale in their approach to borrowing limits …capping their annual budget deficits and public debt to correspond to certain guidelines which pertain to strict percentage-based guidelines of their economy’s actual performance …foregoing the urge to bet on the come …as it were …as hope seems to have become warped here in America.

This more responsible sort of balanced approach to fiscal due diligence and disciplined oversight of the budget processes returns a service to the people of Germany which kind of reminds me of the purpose which the President’s Pay Czar was intended to serve …

…Namely that of accountability …in light of an emphasis which was supposed to be centered about openness and clarity.

No Child Left …or Right; Get Behind Me!

The three year anniversary marking the release and launch of Obama campaign slogan rhetoric; “Yes We Can!” is quickly approaching and one thing America has realized is…

No We Can’t!!!

CNBC’s Rock Star …Amanda Drury

For more posts …please visit my blogsite at: www.geoblography.com

Amanday Drury …CNBC’s Rock Star

Re: An open letter to Amanada Drury

Amanda Drury, you are a rock star.
You have a sharp wit and the intelligence required to connect the dots.
In my last post: 666 China’s Currency Evaluation I really didn’t expect many …if any to actually make the connection.
Instead, I expected most to discount the numerical reference …taking it instead, merely …as a fundamentalist’s biblical reference rather than the rather obscure and implicit reference to the low-water mark of the market index.
CNBC’s Senior Host, Mark Haines should be able to appreciate this; as, he will be, among all people …the first to take credit for having called the Haines bottom of the market …its remarkable reversal’s pivot point.
In this regard, I must say; way to go Mandy!!!
Kudos for your intellect and your unassuming patience.
Brilliant!!!
Outstanding amongst a forest of petrified redwood egos.
All the best, and keep up the good work!!!
Bill

666 China’s Currency Evaluation

Bond Prices demise? How?

That’s not just even the half of it all.

None the less, today …Ben Bernanke’s call to cut spending and embrace physical responsibility was about as weak as his attempts were to justify down-playing QE’s impact upon commodity prices and the unmistakable presence of inflation …passing them off as factors attributable chiefly to the expansion of demand stemming from developing emerging market nations.

No matter how the Ben Bernank slices it, and no matter what components he can righly, justly, or otherwise care to conveniently factor out of the inflation indexes, low wages and or labor components are no means worthy to justify the excuse to continue down a path which destroys the strength of the American dollar …for merely a greater interest …that which allows thee governmetn to skate free …merely to justify paying a lower (weak-dollar) interest service costs …merely to afford to carry the public debt ….merely to be able, primarily …just to float the note we tote.

Pay no attention to the man behind the curtain …INDEED!

Clarity? Transparency? Perposterous!!!

So, that is a recap of my last post in a nutshell …any rise interest rates, not withstanding, because that is the central and pivotal …jobs …housing …liquidity …debt load (public debt costs) treasury yields …bond prices and lastly …the Fed’s balance sheet all not withstanding.

God knows we couldn’t have these two items (The end of QE and …the rise of the debt limit) scheduled side by side.

No, we will now …not have these items on the calendar at the same time. God forbid!

Think of it; rising interest rates impact upon the service costs of our public debt. Good Lord! We wouldn’t want to send our foreign creditors the message that we need to borrow more money …just to float the note.

Who Me, Protest?

The following is the result of looking for data to support and build my case in a recent real estate tax protest I have filed.

Before you open the link below, read the following short explanation below first.

The following is a look at one of the 20 Metropolitan components which make up the Case-Shiller SPCS20R Housing Price Index. The SPCS20R is a 20-city composite index comprised of 20 major metropolitan areas in the U.S.
The index reflects upon the overall movement of housing prices across the nation in these twenty areas.

Ulterior Motives …Alternative Health Care Solutions

Preventive health medicine should reduce the need to treat and cure the patient, but today, there seems to be great focus and emphasis in treating the symptom rather than the patient and or their illness.

Now, is the time to earnestly make serious and long lasting improvements which will impact the quality of care, service and cost of how health care is provided here in America.

But more importantly, it will emphasize the strength of recognizing the importance of the individual and the freedom to choose wisely in view of the certain consequences when one fails to both have the opportunity and also fails to take what opportunities are available.

The profit motive seems to have caused a conflict as well as a distinct disconnect such that the medicine practiced today promises as much side affects as it does promise to the patient …especially when patients become overmedicated.

Example One = Job One: An Embrace & Esteem of What Is Systemically Too Big To Fail; Namely …Ownership!

  Based upon a letter written on Tuesday, February 5th 2008 Friday, January 07th, 2011 Final Revision:     Sunday  January, 9th, 2011 I offer my deepest sympathies to the […]