Qe party fibrous histiocytoma radiology over, bank of japan stealth-tapers further wolf street

As a group we’re caught in the shock effect of the “quantum” jump shock from baselines that for decades viewed billion as fibrous histiocytoma radiology a “lot” of money. The effect is akin to, in a sense, fighting the “last war,” in military jargon. For example, how many times do we hear that the mueller investigation fibrous histiocytoma radiology “cost taxpayers tens of millions of their dollars”? On average taxpayers express outrage at this high cost, yet in a multi-trillion dollar “tens of millions” is de minimus, BUT among those over, say, 40, “millions” is a hell of a lot of bucks! I think this large value effect takes time to calm fibrous histiocytoma radiology to a point where “trillion” exerts just the correct mental effect on most persons as fibrous histiocytoma radiology did “billions.” who cares? To the extent that we now in public funding of fibrous histiocytoma radiology small dollar programs if merit argue about a few million fibrous histiocytoma radiology here and there the large dollar effect has policy implications. Conversely, since we are having problems even imagining what “a trillion” of anything actually is (other than some thing yet to be defined) we actually pay less attention to truly large budget items fibrous histiocytoma radiology that need discussion.

Japan (and the fed and the ECB and the PBC) have already crossed that fine line. They made government funding almost free and governments responded by fibrous histiocytoma radiology growing enormously and budgets have exploded. Once government budgets grow they can never shrink because to fibrous histiocytoma radiology do so would cause a severe economic downturn so government fibrous histiocytoma radiology spending continues to grow and grow and CB funding keeps fibrous histiocytoma radiology pace. Soon the government is employing such a large and unproductive fibrous histiocytoma radiology work force (including defense contractors) that society becomes dangerously unproductive, prices rise, setting off a panic and all the trillions created by fibrous histiocytoma radiology ben suddenly become desperate for anything to exchange for digits fibrous histiocytoma radiology in an electronic account – panic ensues and the currency collapses.

People often bring up argentina but I think brazil provides fibrous histiocytoma radiology a better test case. The government in brazil printed money for years and people fibrous histiocytoma radiology said the currency would never crash because the economy was fibrous histiocytoma radiology growing. After years of money printing without a currency collapse the fibrous histiocytoma radiology naysayers were completely discredited until prices started to rise persistently fibrous histiocytoma radiology and panic hit and it was all over.

Yeah you are right about the timing. And justified in rolling your eyes. But the question, as relating to conversations further up the thread, is at what point do you get nervous? A million used to be a big number. A billion used to be a big number. Soon a trillion will become a small number. If ‘its all relative’ and the number doesn’t matter, only the ratio to other currencies matters, then you’re ok so long as you are earning money. But then comes the problem of those pesky savers. This is where the battle for reality takes place. Savers that need a yield, by definition, must put their money at risk. But that is the antithesis of saving, safety or safe-haven. Savers are seen as the enemy because they do not fibrous histiocytoma radiology encourage credit expansion and drives the dollar up making debt-repayment difficult. They are seen as the enemy and will be dealt fibrous histiocytoma radiology with by devaluing what they save in i.E. The dollar and dollar debts. So yeah, ‘all is well’ trading in dollars but you can’t ‘put it under the mattress’ for a rainy day. Which is all most working people really want to do.

Energy is the master resource and any real evaluation of fibrous histiocytoma radiology its future is dire. Wall street has removed the the milk and honey tit fibrous histiocytoma radiology from the frackers and most likely we get a combo fibrous histiocytoma radiology of shortage or massive price increases as few if any fibrous histiocytoma radiology are making a positive return. Government subsidies for bio-diesel are forcing edible oil basis up significantly as many fibrous histiocytoma radiology plants/producers are taking the goobermints hand out and planting and fibrous histiocytoma radiology processing more oilseeds. This is all to cover up the significant reductions of fibrous histiocytoma radiology diesel production as it doesn’t exist in much of the heavy oil now being fibrous histiocytoma radiology processed in the U.S. That anyone expects the party to last another 20 years fibrous histiocytoma radiology is beyond rational thought. (anyone old enough remember when diesel sold at a large fibrous histiocytoma radiology discount to gasoline?)

Below market costs for money continues to also subsidize and fibrous histiocytoma radiology borrow from the future. The massive debt now at all levels of consumer, government and business is the flashing red light that signals fibrous histiocytoma radiology the parties over. Excess is crippling. That anyone can suggest that price inflation is less than fibrous histiocytoma radiology 8% and growing is in denial. While home price inflation seems to have subsided how many fibrous histiocytoma radiology of us are buying new homes each year? Consumables, utes, taxes, consumer interest rates, and services are marching/or are significantly higher. Major changes in weather aka the grand solar minimun are fibrous histiocytoma radiology affecting weather and thus lowering food production significantly due to fibrous histiocytoma radiology cooler weather and at present much higher precip. IMO suggesting we are sitting in the catbirds seat is fibrous histiocytoma radiology naive. The military industrial clown act is once again leaning on fibrous histiocytoma radiology guns or butter as the final arbitrator of resources. Guess who loses on that front? We all need to remember “less is more” as the new thought control paradigm.

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