'keep a lifeline always at the ready'

verfasst von wuzge, 28.08.2005, 20:11

-->lautet die Philosophie des Philosophen Greenspan für die bevorstehende, durch hohe Ã-lpreise verursachte Rezession.[img][/img]

'Fortunately, our friendly Fed is ever alert to that danger, and they keep a lifeline always at the ready. That is the same lifeline which the Fed used to rescue the economy when stocks crashed in 1987, when LTCM defaulted in 1998, in the months preceding Y2K, and when stocks again crashed in March of 2000. That lifeline is a substantial increase in the money supply.'

Eine weitere Erosion des Vertrauens in den USD (und andere durch Papier gedeckte Währungen) ist damit vorprogrammiert:

[…]

Similarly, high crude oil prices raise the cost of essential transportation, utility, food, and comparable items, but also have a depressing effect on consumers who are left with no surplus of spending funds. The net result is that the prices of essential energy-impacted areas increase, but the slowing economy depresses the prices of non-essential areas.

[…]
The Fed will fight the deflation devil
So, do you think that maybe a brief recession would lower energy costs enough to put the USA back on track to a high level of growth and another decade of endlessly rising stock and real estate investments? If so, then you get my vote for the most optimistic person in the nation! As yet another example of This Time It Really Is Different, the Optimist concludes that the USA will not again have another simple recession which proceeds to clean out the excesses of the prior expansion, and sets the stage for solid economic growth in the future. The unimaginable levels of debt and leverage in the USA makes the economy unstable and incapable of supporting the type of normal recessionary slowdown that the nation has gone though so many times before. What would have been a simple and mild slowdown in the past would now be magnified to intense proportions by the debt and leverage. If not given a lifeline, a slowing economy would fall relentlessly into a deflationary depression much deeper that the 1930s.
Fortunately, our friendly Fed is ever alert to that danger, and they keep a lifeline always at the ready. That is the same lifeline which the Fed used to rescue the economy when stocks crashed in 1987, when LTCM defaulted in 1998, in the months preceding Y2K, and when stocks again crashed in March of 2000. That lifeline is a substantial increase in the money supply. So long as the Fed is able to sufficiently ramp up the amount of money in circulation, they can be sure to reverse a potentially disastrous slowdown into a new illusion of growth. That would be a perfect solution for the American economy, except for two small problems. First, the amount of money supply increase needed to positively affect the economy increases with each intervention cycle. Secondly, the liquidity can only be added, but it can never be removed because removing the stimulus of the added money supply would cause the very deflationary depression that the money was injected to prevent. For each crisis that is solved by increasing the money supply, there must be a correspondingly higher inflation caused by an increase in the amount of fiat paper which is chasing the same amount of purchasing opportunities.

[…]

Angenehmen Sonntagabend





>Solange nicht wie beim letzten Mal verlängernde Massnahmen wie mit Roosevelt und Hitler kommen.
>2010 sollten die bisherigen Währungen durch etwas anderes ersetzt sein.
>Politico.


<ul> ~ http://www.financialsense.com/fsu/editorials/2005/0824.html</ul>

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gesamter Thread:

• Kondratieff: Wir sind im Winter und dieses mal wird es ziemlich (arg) kalt? - Emerald, 27.08.2005, 06:00
  • Re: Kondratieff: Wir sind im Winter und dieses mal wird es ziemlich (arg) kalt - Hanse, 27.08.2005, 10:21
    • Ca. 15 Jahre. Ganzer Kondratieff-Zyklus = 45 - 60 Jahre (o.Text) - Histrio, 27.08.2005, 11:42
    • 2015 sollte es Zuende sein - politico, 27.08.2005, 17:32
      • Re: 2015 sollte es Zuende sein - Bart, 27.08.2005, 21:01
      • 'keep a lifeline always at the ready' - wuzge, 28.08.2005, 20:11
  • Siehe Diskussion in 2002 - Dieter, 28.08.2005, 15:46