Bernanke's helicopter is broken and now Ron Paul is more likely to be heard in its campaign to scrap. Will be the chairman of the congressional committee overseeing the Federal Reserve. His interview a few days ago on Bloomberg TV worthwhile.
What you say reflects my opinion on the Quantitative Easing, shared in recent posts: (1) Bernanke's money is running in part on the balance sheets of banks, which certainly does not lend to ordinary citizens , (2) something other that comes to the salaries of those people closest financial power - see bonuses to bankers again and the evidence of housing prices in selected districts of global capital. To this add that (3) is being reflected in rising prices of raw materials and exporting inflation to China and India. And while both have barely average household reduced its leverage, which does not bode well.
But I'm positive. I'm in my fourth week of global expert in coal. And no, do not ask me about ZP subsidies to domestic coal because I care very little. I spent three weeks immersed in consumption and production statistics of coal in China, India and Indonesia. The new year holds for visits to these sites, in addition to Australia, where its headquarters are the company that is dedicated to coal and energy more broadly. What fun. I'll tell you, but what is clear is that my poor blog is going to go a bit in the doldrums.
And the thing I'm good thanks to Bernanke. This chart their mid-year results shown as Rio Tinto has been able to reduce debt by entering into the crisis thanks to a company with access to wholesale markets for money (today is the fourth largest capitalization of the London Stock Exchange and is larger than Banco Santander and Telefónica). Unbelievable. If households and states also could have done that maybe the atmosphere in the street would be something different.
And of course the good fortune of Rio Tinto has had a direct impact on the finances of my home, as shown in the chart of my debt. Who would have thought there would be someone who offered a salary increase of 50% to a poor servant of Her Majesty the Queen who had announced a wage freeze for two years?
With all this could be tempted to say I've earned, at the risk, preparing and working hard. As a good Christian also thank God for taking care of me and provide for my family. But deep down I can not help thinking there is something grotesquely wrong in all this, something that is sensed in the interview with Ron Paul. This I have not won. Is that although the Bernanke helicopter is broken for many people who want, for me it worked.
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