http://www.paulcraigroberts.org/2013/04/28/recovery-for-the-7-percent-paul-craig-roberts/

“The Madman Strategy
Apr. 14, 2013″

http://japanfocus.org/events/view/180

http://www.leap2020.eu/GEAB-N-74-is-available-Global-systemic-crisis-The-war-has-been-declared-between-the-economic-political-world-and_a13900.html

well done GolemXIV

I decided to enlist a teenager to assist me in downloading the Untouchables. Thank you for the links.
Frontline do some excellent docs.

The Federal Reserve was instrumental in extending the credit-driven boom of the 1920s that set up the economy for the Great Depression. Many modern supporters of paper money and central banking [Keynesians/Monetarists] consider the Fed’s response to the crisis inadequate, as they would have liked to see a more aggressive injection of additional money.

They focus their criticism on the Fed’s role in the crisis management, but not on the FED’S ROLE IN THE FORMATION OF THE EXCESSES THAT MADE A MAJOR CRISIS INEVITABLE IN THE FIRST PLACE. […]

…..it is evident that the monetary authorities simply managed to repeatedly prolong the paper credit expansion through timely rate cuts and additional money injections whenever a recession began to unfold.” Detlev Schlichter

A few examples are after the collapse of Long Term Capital Management in 1998; huge amounts of money injected in 1999 re concern over Y2K (but probably just to keep the stock bubble climbing higher); between 2001 and 2004, after Enron and Worldcom corporate failures and the NASDAQ bubble bursting, when interest rates were left at 1% for three years; and then our current QE’ing to death.

Don’t just look at what happens AFTER the crisis.

Look at who sets up and allows the crisis to form in the first place. The Fed, along with other central banks.

I’d be interested to know who here agrees with this behavior and who doesn’t.

For those wanting a copy of the untouchables….

http://pirateproxy.net/search/untouchables/0/99/0

The docu can be downloaded from Pirate Bay using bitTorrent, you can then watch it again and again…..

Cheers
N

Japan Times….

http://www.japantimes.co.jp/news/2013/04/03/world/as-u-s-wallows-in-debt-bright-ideas-to-save-country-billions-go-to-waste/#.UVxKGmeKJGk

“Money was tight last year for the school-bus driver and neighborhood constable in Jasper, Alabama, a beaten-down town of 14,000 people. One car had already been repossessed. Medical bills were piling up.

And still, though Nelson’s credit history was an unhappy one, local car dealer Maloy Chrysler Dodge Jeep had no problem arranging a $10,294 loan from Wall Street-backed subprime lender Exeter Finance Corp so Nelson and his wife could buy a charcoal gray 2007 Suzuki Grand Vitara.

All the Nelsons had to do was cover the $1,000 down payment. For most of that amount, Maloy accepted Jeffrey’s 12-gauge Mossberg & Sons shotgun, valued at about $700 online.

In the ensuing months, Nelson and his wife divorced, he moved into a mobile home, and, unable to cover mounting debts, he filed for personal bankruptcy. His ex-wife, who assumed responsibility for the $324-a-month car payment, said she will probably file for bankruptcy in a couple of months.

When they got the Exeter loan, Jeffrey, 44 years old, was happy “someone took a chance on us.” Now, he sees it as a contributor to his financial downfall. “Was it feasible? No,” he said.”

http://www.reuters.com/article/2013/04/03/us-usa-qe3-subprimeauto-special-report-idUSBRE9320ES20130403

Instead of letting prices correct, as they will do eventually, the Fed insists on trying to prop up the bubble. Big headlines: “Auto Sales Are Up” – but at what price? Who pays in the end?