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View Diary: * New Day * — This touched my heart. How about you? (122 comments)

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  •  ...I couldn't agree more...I've been watching... (1+ / 0-)
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    ...long term the yield on long term Treasuries too. They have already factored in, IMO, a big spike in inflation to pay for that. Also, the rest of the world is basically demanding that.

    The thing it, and this is so sad, Treasuries are no longer really about keeping our country afloat, they are about keep the rich rich. It's all about that now...not what's really good for the country and the majority of it's citizens, but what's good for the very wealthy who truly are part of the Global Rich Society.

    In a very real way "countries" are so yesterday...

    Ignorance is bliss only for the ignorant. The rest of us must suffer the consequences. -7.38; -3.44

    by paradise50 on Thu Jan 16, 2014 at 04:07:16 PM PST

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    •  I think it is easier to observe the global elite (0+ / 0-)

      in action today. When I worked on Wall Street, my first job was for a controlled-circulation magazine addressed to institutional investors. These were the big financial guns who controlled the big money at that time.

      With the advance of internet trading, hedges that used to be the domain of a few market sophisticates became the realm of the ambitious and capable. Over the eighties and nineties, increasingly sophisticated trades became possible because of advances in technology and market deregulation.

      This trend was a major cause of the market collapse in 2008, and a source of ongoing market instability. Our tax dollars went to shore up losses such trades incurred. The Fed has continued to print money to soften the blow of these losses to the financial elite.

      The upside of this is increased transparency. Market information is easier to access, and "The Invisible Hand" is more difficult to hide from those who have an inkling of what to look for.

      So, from a taxpayer's perspective, the flood of funds the Fed has unleashed is really irrelevant if we can keep inflation in check. Let the rich fox each other in the marketplace, as long as they stick to the markets and don't exploit commodities, as Enron did.

      If the inflation card is played, all bets are off and I will look for the response in the streets.

      Journalism is printing what someone else does not want printed. Everything else is public relations. ~ George Orwell

      by 4Freedom on Fri Jan 17, 2014 at 08:53:07 AM PST

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