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View Full Version : Chris Martenson nails the QEII issues...



doom&gloom
11-11-10, 09:09 PM
Even though we all know this already, it is still a great read. Certainly an excellent primer for those who just don;t "get it"

http://www.chrismartenson.com/blog/alert-QE-lit-fuse/47589


<H2>Conclusion

By choosing the path of money printing (instead of austerity like the UK), the Fed has decidedly placed the US on a very risky course. I see the outcomes are almost binary: either this works or it doesn't.
If this gamble works, business will pick up, unemployment will drop, tax revenues will flow again to the states and federal government, the sun will continue to rise in the east and roses will bloom in the spring.
If the gamble fails? There we can envision an enormous devaluation event for the US dollar and the Fed having to choose between defending the dollar (via rising interest rates) or preventing the federal government from a fiscal emergency brought about as a consequence of rising interest rates. And by "fiscal emergency" I mean being forced to slash expenditures by as much as 50% in order to service rapidly escalating interest carrying costs on the short term portion of the fiscal debt load. But that's a death spiral because cutting government spending is the same as cutting GDP (it's practically 1:1) and every cut to GDP leads to lower revenues which will necessitate more expenditure cutting, et cetera and so on until 'the bottom' is reached.
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jpatter666
11-12-10, 07:46 AM
Even though we all know this already, it is still a great read. Certainly an excellent primer for those who just don;t "get it"

http://www.chrismartenson.com/blog/alert-QE-lit-fuse/47589

[B]</H2>

I subscribe to this site as well. It's a little doomerish at times, but I find the information very useful. I use this site as my EJ-short/medium term-backstop. Very active participation by Chris and usually puts up postings concerning major events within a day (or hours) of the occurrence. It's impressive -- I think iTulip could learn some lessons from them on how to run an effective site and community.

I thought EJ was going to start being more active on the forums here (there was a spate of that, then it dropped off). Shame because IMO traffic and interesting commentary spiked in tandem. Like it or not, the site follows EJs lead. When he's active, the site is. When not, seems to me things drop off.

jiimbergin
11-12-10, 10:23 AM
I subscribe to this site as well. It's a little doomerish at times, but I find the information very useful. I use this site as my EJ-short/medium term-backstop. Very active participation by Chris and usually puts up postings concerning major events within a day (or hours) of the occurrence. It's impressive -- I think iTulip could learn some lessons from them on how to run an effective site and community.

I thought EJ was going to start being more active on the forums here (there was a spate of that, then it dropped off). Shame because IMO traffic and interesting commentary spiked in tandem. Like it or not, the site follows EJs lead. When he's active, the site is. When not, seems to me things drop off.

I too subscribe to Chris Martenson's site. It is nice to see how active Chris is on his site.

doom&gloom
11-13-10, 01:33 AM
If you guys are "paid" subscribers, do you feel it is worth it or is much of it redundant to here and the MSM?

jiimbergin
11-13-10, 07:35 AM
If you guys are "paid" subscribers, do you feel it is worth it or is much of it redundant to here and the MSM?

It is worth it in my opinion, but if I only had one choice I would pick itulip.