| Subject: | FWC: Liquidation Syndrome by John P. Hussman, Ph.D. |
|---|---|
| Date: | Tue, 22 May 2012 07:59:00 -0700 |
| From: | Jas Jain |
FWC: Liquidation Syndrome by John P. Hussman, Ph.D.
(my Emphasis)
"Will the Federal Reserve come in with QE3 in an attempt to prop up the market? Maybe. It doesn't matter to Bernanke that the Fed's interventions are reckless, promote speculation, distort resources, punish savers, produce only temporary economic effects, and will be nearly impossible to unwind. But the Fed will undoubtedly feel compelled to "do something." Apart from dollar swap lines (which the Fed is likely to reopen to Europe in efforts to reduce banking strains there), more QE is all the Fed can hope to offer. Let's face it - when your only tool is a hammer, all the world looks like a nail."
May 21, 2012 http://www.hussmanfunds.com/wmc/wmc120521.htm
Whose interests is Bernanke serving? And why was Bernanke put on Federal Reserve in the first place?? These are questions that an American is not trained to ask. Bernanke has been bad news for honest hardworking Americans from day one. Crooks were busy creating conditions that always lead to depressions and they needed Bernanke to mop up the mess so that they are bailed out and the bill is forced on the taxpayers. In reality, Crooks never pay taxes because they write their own "paychecks" and they can bump up their loot so that all the taxes are paid from ill-gotten incomes.
Bernanke is there to baby-sit the System of the Crooks, by the Crooks, and for the Crooks. Expert on Great Depression, my ass. We already have an economy whose performance for the past 12 years has been worse than any 12-year period during the Great Depression. Bernanke is only an expert on Crooks' version of the Great Depression and helping Crooks profit from the Greater Depression we are already in.
What can Americans do about Bernanke? They vote for GW Bush and they get Bernanke. They vote for Obama and they get Bernanke. Heck, even if Romney wins Americans would have to suffer more of Ben Bernanke. What a system!
JasPS: I have a perfect record on Bernanke. If Bernanke can successfully avoid a technical depression I would take a full page ad in a major newspaper and apologize.
Kirk here. Hey Jas, what is the deadline for this promise? I have no doubt your premise the system is rigged for insiders... I use this fact to my advantage to make money here. No fair delaying ANOTHER 10 years... like your Bear Market Model prediction 10 years ago for the NASDAQ to fall below 250: =>Bear Market Model
How about a one or two year deadline or you buy the ad?
Posts
2 comments:
No more than 3 years.
How about End of April 2015?
Jas
Date: Tue, 22 May 2012 15:10:00 +0000
To: jas_jain
Subject: Re: FWC: Liquidation Syndrome by John P. Hussman, Ph.D.
"What Hussman fails to admit is that the very existence of his occupation, the obscene income he receives from scalping fees for "managing" other people's money, and the extreme wealth and income concentration from which he benefits are made possible by the banksters' plunder and Bernanke's facilitating same"
I fully agree.
"As smart as Hussman clearly is (perhaps because of it), he is among the biggest frauds in the industry. He has started funds virtually at the peak of the respective markets which his funds were supposed to be designed to outperform, e.g., "growth", "international", and "dividend". The worse his funds perform, or the less he outperforms, the more funds he creates."
Sometimes it takes a fraudster to expose another fraudster, e.g., Hussman’s take on Bernanke. I had downgraded Hussman couple of years ago. His prognostication of the US bond market has been horrible. Anyone who doesn’t understand the US Treasury bond market does not understand how the US economy and the econo-political system functions.
Jas
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