Another Smart Guy GETS IT!!

OK, here is another smart guy to add to the list of those that we listed on our home page that actually do see what is the only outcome possible of the endless series of ‘Bubbles’ that is directly caused by the FED’s 2001-2005 AZIRP (Almost Zero Interest Rate Policy) and the now forever ZIRP (Zero Interest Rate Policy). 

Unfortunately, this article has been used – IMO - by the MSM’s PORE (Psy-Ops Reporting & Editorializing) to further ‘Scare the Sh_t out of the ‘Sheeple’ (SSOS). 

For, IMO - this type of widespread visibility, publicity and ballyhoo is used by the MSM to serve a two-fold purpose:

#1 This coverage can be used in the future as evidence that the MSM attempted to cover all sides of the story,

#2  More importantly, its is used – IMO - to continue to SSOS and keep the ‘Sheeple’ out of stocks right now: for, it is actually planned by the PTB for the ‘Sheeple’ to enter the stock markets BIG TIME next year, when the market is over 16,000 and rocketing higher every day!

 

Doubt us?

 

Just watch!

 

Are you and your company ready the ensuing ‘Economic Roller Coaster’ ride of the last 360 years?

If your company is riding blind into the coming economic maelstrom, then yours is very likely – IMO - to join the list of companies bankrupted by only the first of three waves in 2007/08 of the Super Tsunami ‘Kondratieff’ Long-Waves that we listed at the bottom of our home page at wwww.polestarcomm. com.

 

 

Stockman Warns of Crash of Fed-Fueled Bubble Economy

Bloomberg; By Richard Rubin - Apr 1, 2013 10:43 AM ET

“The U.S. economy is in a bubble inflated by “phony money” from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.
In an essay published yesterday in the New York Times (NYT), Stockman wrote that the Fed’s quantitative easing policies following the credit crisis have flooded stock markets with cash even while the “Main Street economy” remains weak. The combination, he wrote, is “unsustainable.”

David Stockman, who was budget director for U.S. President Ronald Reagan, is the author of “The Great Deformation: The Corruption of Capitalism in America,” which will be published April 2. Photographer: Douglas Healey/Bloomberg

April 1 (Bloomberg) -- David Stockman, former director of the Office of Management and Budget under President Ronald Reagan, talks about the impact of Federal Reserve policy on financial markets and the outlook for the U.S. economy. Stockman, author of “The Great Deformation: The Corruption of Capitalism in America,” speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

 “When it bursts, there will be no new round of bailouts like the ones the banks got in 2008,” wrote Stockman, a former senior managing director at Blackstone Group LP (BX) and a former Republican congressman from Michigan. “Instead, America will descend into an era of zero-sum austerity and virulent political conflict, extinguishing even today’s feeble remnants of economic growth.”
Stockman, 66, is the author of “The Great Deformation: The Corruption of Capitalism in America,” which will be published tomorrow.
He rose to prominence during the early 1980s in the Reagan administration while pushing supply-side economics, which held that income tax cuts would boost economic growth and raise more revenue for the government.
… In an interview today on Bloomberg Television, Stockman said, “We’re borrowing money and burying the future generations in debt.”

…

‘State Wreck’

Among the culprits Stockman blamed for what he termed a “state-wreck” are President Franklin Delano Roosevelt for weakening the gold standard in 1933, President Richard Nixon for removing the convertibility of dollars to gold and “lapsed hero” Alan Greenspan, the former Fed chairman, for keeping interest rates too low for too long.
Investors will sell, Stockman wrote, at any hint that the Fed is starting to remove assets from its balance sheet.
“Notwithstanding Bernanke’s assurances about eventually, gradually making a smooth exit, the Fed is domiciled in a monetary prison of its own making,” he wrote, warning of unsustainable fiscal policies as well. “These policies have brought America to an end-stage metastasis. The way out would be so radical it can’t happen.” …”