vikaryan
Senior Member
  
Offline

Australian Politics
Posts: 453
Gender:
|
As proof, look no farther than Agora Financial’s 5-Minute Forecast’s synopsis of the Federal Reserve’s weekly H.4.1 statement, which they characterize as “the Fed’s consolidated balance sheet,” and found “$4.37 trillion in ‘assets,’ if that’s what you want to call them, compared with $56.3 billion in capital. That’s a leverage ratio of 77.6- to-1.”
Leveraged 80 times! Imagine you borrowing 80 times as much as everything you own! Insane! No Freaking Wonder (NFW) the Fed is so desperately worried about “deflation” in the price of assets, as so incredibly, so stupendously, so impossibly, so incomprehensibly much money is at stake, with so little backing!
And inflation in prices is not just caused by inflation in the money supply, but also higher prices caused by businesses passing on the costs of compliance to government regulations, too!
Lawson Bader, president of the Competitive Enterprise Institute, introduces a study which found that in the last 21 years, “federal agencies have issued nearly 88,000 rules, more than 3,500 per year, or about nine per day.”
Mr. Bader summarizes it as “Last year, the feds spent $3.5 trillion. That is a lot, but the cost of the federal government doesn’t end there. Regulations imposed an economic burden of $1.86 trillion last year.”
And the damage continues unabated, as “Last year, Congress passed 72 laws, while agencies issued 3,659 regulations — a difference of a factor of more than 50.”
I can see by the look of astonishment on your face that this is more, more, MORE than enough for you suddenly slap your forehead in disbelief, and exclaim with a look of dumbfounded horror on your beautiful face, “Wow! That idiot Mogambo was right! We’re freaking doomed! I need to get gold and silver bullion, and oil stocks, and Right Freaking Now (RFN)! Time’s a-wastin’!”
http://news.goldseek.com/RichardDaughty/1404219850.php
|