When a little girl in a candy shop ran out of her pocket money, she innocently asked her daddy "Daddy, why can't we buy more money?"
Well, the little girl should rather have asked "Daddy, why can't we print more money when the central bankers are doing it all the time?"
Do Mr. Bernanke or Mr. King have any answers to this little girl's question?
When the average salary of Goldman Sach's employee was more than half a million dollars, we knew there would a run on the leveraged banks. Then instead of reigning in the greedy wonkers, the politicians and media were extolling the genius of leverage.
When finally there was a run on the banks, George Bush appoints the biggest crook of all, the then CEO of Goldman Sachs, Hank Paulson as his Treasury Secretary. Paulson naturally protects the interests of his pay-masters and pours billions of tax-payers money in saving the same banks all in the name of "saving the economy from Armageddon". Very neatly he converts the 'banking crisis' into 'sovergein crisis'
Now, enter the Act II players like Mr. Ben Bernanke and Mr. Mervyn King. All in the name of saving the economy they open up the printing presses. We hear terms in QE1, QE2, QE3, Bond Purchase etc., thereby laying the platform for the next mutation of the crisis which is the beast called Inflation.
Well, if the hell of inflation is the final destination for all of us, then why not make the little girl happy and let her dad print money?
Kind Regards,
Pradeep Kabra
