Fed’s Bernanke Is Clueless

Helicopter Ben, addressing the London Stock Exchange this (Tuesday) morning.  His arrogance is unnerving; he’s standing there explaining the continued money drops, like he really has a clue or understands what impact his actions are having.  The lemmings in the audience are sitting and listening intently, listening like he’s an authoritarian on what he’s doing.

Let’s get one thing straight here.  We’re in a new world. Comparisons with the past are out the door.  He’s really got no clue what the future holds, yet he stands there, sounding like he’s in control.  Why doesn’t he explain the truth to the American public.  Eventually the foreign governments are going to start to bail on US Treasuries; they will realize that he’s full of hot air.  The Fed can’t get enough money into the hands of the masses to keep the world afloat.  The USA doesn’t have enough ink to print all the dollars that they need to do that.

This market is heading down.

He may be able to support it temporarily, but eventually this is going to cave.  Once it starts, gold will spike like we’ve never seen before.  Interest rates will spike like we’ve never witnessed.  He’s playing a dangerous game.  Citigroup (C) is teetering.  Ben keeps talking.  It’s too late.  The Fed is part of the problem.  Nobody can honestly admit that though.  If anyone admits that, then the whole situation deteriorates even more. Instead we all just make pretend that things will get better if we keep destroying this country’s balance sheet.
How many lousy assets can Uncle Sam absorb.  It’s a joke.  GAME OVER.  Sell the rallies.

Subscribe by RSS Subscribe by Email