Idaho's Weekly Journal of Local & National Commentary Week 2815


Home • Up • About us • Contact • Glossary • Links



Back to Quack Off

 Quack Off               



by Free Market Duck

Wherein lies the value of today's paper money?...
Derivative markets now exceed half a quadrillion dollars or $500,000,000,000,000 of non-collateralized paper - Part 3

(Sep 17, 2007)

New York, NY -- OK, girl friends, now that you comprendo the economic theory of value, qualitative exchange ratios, price formation, the difference between money and a paper receipt for money, your next question is:  should the Federal Reserve "inject more liquidity" into the market to save us all from the impending recession?

   "Inject more liquidity?"  Are you kidding?  That's like asking, "Should the Federal Reserve pour more gasoline on a raging wildfire?"  Or, "Should the Federal Reserve print up and dump into the economy billions and billions of more non-collateralized paper?"

   As Prof Antal Fekete, PhD economist says:

   "The world-wide regime of irredeemable currency would have come to a sorry end decades ago if it weren’t for gambling casinos [phony baloney investment markets controlled by central bankers and governments – FM Duck] foisted upon the world by governments hell-bent to keep the game of musical chairs going non-stop.  Governments, in the best tradition of casino owners, want people to gamble in gold, bond, and forex futures.  The [fraudulently controlled – FM Duck] futures markets in gold, bonds and forex serve a purpose, and one purpose only: to provide an outlet for the Niagara-on-Potomac money supply gushing forth from the Federal Reserve that could drown the entire world in a hyperinflationary deluge.  If it hasn’t, that’s because excess money has been soaked up by the gambling casinos [the non-collateralized fake markets -- FM Duck]. So far.  People scramble for the excess supply of money because they could use them as gambling chips.  But as growth in the derivatives markets (the size of which doubles every other year and by now exceeds half a quadrillion dollars or $500,000,000,000,000) shows, this is not a stable process secured with proper checks and balances.  This is a runaway train on which the brakes (i.e., the natural limitations of gold production) have been deliberately disabled. Fraudulent hedging of gold mines and double standards in regulating futures trading [by the central bankers and the government, e.g., President Bush’s Plunge Protection Team – FM Duck] are part of the sabotage.  This is a world disaster waiting to happen." -- FM Duck

        back to top...


               Home • Up • About us • Contact • Glossary • Links   all contents copyrighted ©1994-2015   Free Market Duck tm   all rights reserved