“A fool thinks himself to be wise, but a wise man knows himself to be a fool.”
– William Shakespeare
Reader Mail Commenting on the “Pavlovian QE-Barking Dog”
[Thank you JCD; well said.]
“Watching the current behavior of the markets as a sign-post pointing to something more that is behind its irrational mania, perhaps we can see that there are also problems that we are witnessing today involving the structural challenges in government and our economy. The oppressive condition we are under when it comes to how the market is behaving is – in my opinion – the result of legally-sanctioned organized crime. In order for the FED to do what it is doing to prop the market up presumably requires some degree of legislation allowing what would otherwise be illegal and unethical behavior; i.e., legally-sanctioned fraud.
“If the FED is legally obliged to answer to Congress, then how can it continue with this fraudulent show of a false recovery unless Congress is also complicit in the act? The current economic policies under which we now suffer are those that (by any other description) can be defined as the policies of an organized crime syndicate. In the belief that it can buy more time until a truly sustainable recovery can be installed is like believing that so long as we ignore the bad weather all around by sticking our heads in the sand it will go away.
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