Debt Rattle October 17 2014

[Raúl Ilargi Meijer]

Marjory Collins 3rd shift defense workers, midnight, Baltimore April 1943 • Greek Bond Rout Drags Down Markets From Ireland to France (Bloomberg) • Wo
[See the full post at: Debt Rattle October 17 2014]

[jal]

• ‘Stunning’ Fed Move Put Bottom Under Stocks (CNBC)

Wake up.
Stop using the expression, “TOO BIG TO FAIL BANK”
THE TRUTH IS, “TOO BIG TO FAIL INVESTOR”

—–
Health is the wealth that will keep you in the lucky 40%

[Diogenes Shrugged]

Ilargi: I’d be most grateful if you and Nicole would give us your views on monetary policy. Not just on the consequences of current policy, but also how you’d like to see the system change. Would you both be in favor of the “Chicago Plan?”

Quoting from the video: “BIll Still and Ellen Brown support it.”

[Raleigh]

Mish on inequality, and the Federal Reserve and government interference:

“Seven Things That Cause Inequality:

Fed-sponsored bank bailouts
Fed interest rate suppression that punishes savers and those on fixed income
Fed QE to goose financial assets (primarily held by the wealthy)
Fed-sponsored inflation that benefits those with first access to money: banks, the already wealthy, and government (via property and other taxes)
Government deficit spending, war-mongering, and other inflationary policies
Government interference in the free markets, especially housing, health care, and education

Is Inequality Always a Bad Thing?

Notice, I said seven but only listed 6. Here’s the bonus 7th: Innovation.

Those who invent better ways of doing things (or simply do things better than anyone else) often succeed wildly.

But the 7th is the way it should be. It is the essence of free-market-capitalism. Looked at properly, income inequality is actually a necessity!

It’s the way income inequality is achieved that makes it good or bad.

Of seven major things that cause income inequality, four are Fed-sponsored, two are government-sponsored, and one is as it should be.

Which one does Yellen bitch about? The 7th of course.”

https://globaleconomicanalysis.blogspot.ca/2014/10/irony-of-day-yellen-moans-about-income.html

The Fed created inequality, but then pretends to care about it.

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