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Christmas When Music Almost Killed the World

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David Stockman

Main Street has too much debt already. It is simply a bonanza for speculators who can borrow the overnight money and then buy something that they can speculate on.

Already, Buy, Debt, Overnight, Simply, Speculate
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Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1. 3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the thread of a Great Depression 2. 0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history.

Elephants, History, Panicked, Printing, Wall, Years

If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing.

Cuts, Cutting, Politician, Politicians, Republican, Thing

I invest in anything that Bernanke can't destroy including Gold, canned beans, bottled water and flashlight batteries.

Water, Gold, Batteries, Invest, Including

Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.

Ideas, Brilliant, Great Depression, Scholar, True

In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity — just empty sermons.

Empty, Hard, Math, Military, Nations, Wall
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