In order to counter inflation, they will hold down wage inflation. The policies will not create a single good job. Unless I start making good money as a trader, my futures is gone. I will not even be able to rent a small dwelling from the government on the wage I might make, let a long feed myself. Welcome to Fascism...
Well, the interesting thing is that the upper part of the pyramid gets so many advantages just from the way the system/process is set up - and institutions like big banks (at/near the top) STILL can't help themselves but create a huge black hole!
Also, if the Fed is private, then it's not the gov't owning every mortgage....
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The following user says Thank You to Big Mike for this post:
I'm a Canuck PB, but it like a beaver sleeping with an Elephant, we feel every twitch. We are your largest trade partner, and you are ours. The largest free trade zone in the world, our economies are the most integrated of any two on earth. Our companies have to compete dollar for dollar, so wage and price levels are pretty much the same here...
The following user says Thank You to syxforex for this post:
Gas is the same price here, and we have 175 million bbls of proven reserves, according to BP. In actuality we have about 1 Trillion bbls sitting in the tar sands, an oil pit the size of Florida. Saudi Arabia has 264 million proven bbls, but that number is overstated and more likely closer to 132 million bbls. We shouldn't be paying for oil here, with 34 million people, but after tax at the pump we actually pay more than US. Our government loves consumption tax.