Fed Taper? I've Got A Bridge...

So Bernanke once again assured the street that without question he would carry on with his $85 billion/month “QE” give-away to rescue Goldman Sachs and crush U.S. interest rate hikes.  He clearly said No Taper.  Full speed ahead.

Bernanke didn’t change his song – so why does the market go ballistic on the downside every time he speaks?

We’re told that pundits sense that he is waffling as he makes his straight-forward commitment to stay the course.  We’re told that markets plunge out of fear that he might cut off the flood of treasury cash that is propping up bankrupt Wall Street.

Wow!  As I see it, nothing could be further from the truth. Markets tumble to get the Wall Street message across that the status quo will never be enough.  The street is not satisfied with $85 billion in fiat currency printed monthly by the Fed.  Wall Street now looks for $100 billion per month, and when that comes to pass the thieves will want $150 billion per month, and more and more and more ...

It’s a sewer folks, and we were ready for it.  We have no assets – on purpose.  It’s no fun to lose your savings, your insurance, your home, your Mercedes, your job and your dignity.  Wall Street Democrats will not be satisfied until they rob everybody, even the homeless.  You can help them do it.  Vote the Obama/Trudeau ticket.

DJII 15000