HOME, SYNOPSIS, SITE DIRECTORIES AMENDMENT BLOG FORUM GLOSSARY TESTIMONIALS FREE NEWSLETTER CONTACT JOIN PFMPE™

mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

Mathematically Perfected Economy™ FORUMS, DISCUSSION

Forum rules


Posts must be polite, constructive, and on topic. No unsupported claims, no unqualified assertions. Spam is reported to the offending IP, with loss of posting privileges. You may post links to *related*, constructive material meeting these standards only.



Post new topic Reply to topic  [ 1 post ] 
Print view Previous topic | Next topic
Author Message
 Post subject: To Abolish or Not To Abolish the Fed, this is the Question!
PostPosted: 06 Sep 2009, 10:27 pm 
Offline

Joined: 29 Jan 2008, 6:06 pm
Posts: 731
Fed's life support for S&P500 - ...This is a liquidity rally driven by non-thinking computer programs, not a rally based on fundamentals....
Image

Stay tune for a graphical representation of a million, a US billion & a US trillion - coming soon.

Graham Summers wrote:
The above chart is what you get when you throw trillions (literal trillions) at the financial system. But does throwing money around create sustained recovery? NOPE. I’ve often railed that the market is discounting an economic recovery that does not exist. However, I may have been wrong… at least in terms of what the market is discounting.

Today, I would argue that the market is discounting Ben Bernanke’s “juicing” of the system. The rise from 666 to 1,033 was the market announcing “this guy is going to throw as much money as he can at the crisis and it’s going to flow into the market.” This is a liquidity rally driven by non-thinking computer programs, not a rally based on fundamentals.


Master of Creative Destruction of U.S. Physical & Mental Economy at Work!



Graham Summers wrote:
However, to focus on Bernanke’s incompetence is to overlook his culpability in destroying Americans’ wealth. In the last 12 months alone, the man has committed perjury (he lied under oath about no longer monetizing debt), embezzlement ($24 trillion gone to banks at least $9 trillion of which no one, not even the head of oversight at the Fed, kept track of), fraud (any proclamation of green shoots or recovery is fraud), corruption (forcing Bank of America to buy Merrill Lynch), and more.

It would, in fact, be no exaggeration to say that Ben Bernanke is a financial criminal on a scale that makes Bernie Madoff look like Mr. Rogers. Madoff ripped off $50 billion. Bernanke is currently destroying the middle class in the US, trashing our currency, worsening EVERY Americans’ quality of life, and erasing any hopes of retirement for millions of Boomers.

In simple terms, Bailout Ben, in a mere year and a half, has overseen the destruction of 30% of US household wealth (from a housing and stock bubble he FAILED to see coming while working under Greenspan). He has yet to do a single thing to protect the average American or the dollar, but instead has opted to funnel trillions of taxpayer dollars over to Wall Street so that Goldman Sachs and friends could claim they’re not insolvent and pay themselves RECORD bonuses.

Indeed, Bernanke has re-created late 2007: the time when stocks went up day after day after day on lower volume and no fundamentals. Indeed, if I had to summate the entire market rally since July in one sentence it would be: insane euphoria and discounting of Fed pumping. The 2007 reference is not mere whimsy either.

Insider selling is at its highest ratio to insider buying since October 2007. The Relative Strength Index for the market recently hit levels we haven’t seen since October 2007. Corporate debt issuance is at October 2007 levels (companies issue as much debt as they can when stocks are up). 36% of investors are bullish and 24% bearish: a gap we haven’t seen since… October 2007.

Heli-bailout-Beny-copter Bernanke has literally re-created the sentiment of late 2007: a time when fundamentals didn’t mean a thing.
(emphasis in italics added by ms)

Full text at the Source:
http://www.kitco.com/ind/Summers/sep012009.html

So my sincerely humble answer to Shakespearean to abolish or not to abolish question is Yes, abolish the Fed, abolish the Fed's imposed usury, i.e., interests charged on a debt.




Top
 Profile E-mail  
 
Display posts from previous  Sort by   
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 8 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
cron

While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



Powered by phpBB3 © 2000, 2002, 2005, 2007 phpBB Group.

© COPYRIGHT 1979-2009 by mike montagne and PEOPLE For Mathematically Perfected Economy™. ALL RIGHTS RESERVED.COPYRIGHT 1979-2009 by mike montagne and PEOPLE For Mathematically Perfected Economy™. ALL RIGHTS RESERVED. TRADEMARKS: PEOPLE For Mathematically Perfected Economy™, Mathematically Perfected Economy™, Mathematically Perfected Currency™, MPE™, and PFMPE™ are trademarks of mike montagne and PEOPLE For Mathematically Perfected Economy™, perfecteconomy.com. ALL RIGHTS RESERVED.

Firefox™.BEST VIEWED WITH MOZILLA FIREFOX™.


Search perfecteconomy.com     Search Web