(Photos by EEE Reporter)"Ye shall not surely die"
(THE GREAT BLAME GAME)
So many innocent people in the world seem to have still no idea on what's going on.
The Federal Reserve System is the central bank of the U.S. It is highly expected to carry out its duty in a reasonable manner, avoiding any crazy financial transactions. But, in the figure below related to the state of management and operation of FRB, you can easily find very unusual proofs of crazy money handling of FRB since last August.
FRB has been acting like an insane super billionaire now.
(Click to enlarge.)Indeed, on August 31, 2008, it is reported as follows:
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During a statement at the White House this morning, Bush unveiled a series of modest steps that he said would ease the crisis and head off a repeat occurrence. "It's not the government’s job to bail out speculators, or those who made the decision to buy a home they knew they could never afford," Bush said....
Speaking an hour before Bush's comments, Bernanke likewise told attendees in Jackson Hole, Wyo., that no bailout would be forthcoming from the Federal Reserve. "It is not the responsibility of the Federal Reserve--nor would it be appropriate--to protect lenders and investors from the consequences of their financial decisions," he said...
http://www.commercialpropertynews.com/cpn/article_display.jsp?vnu_content_id=1003634016
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In the latter half of President Mr. Clinton's era, who said that Japan was in the Keynesian moment (so that it could happen to the U.S. and thus it must be respectfully handled)?
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Paul Krugman
November 29, 2008, 12:03 pm
The Keynesian moment
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Now, Keynes understood the role of monetary policy quite well, and believed that it had been effective in the past. What he argued, however, was that there were situations in which monetary policy could do no more — and that the world economy he lived in was facing such a situation:
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but he was describing a situation very much like the one we face now.
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Hence the long era in which Keynes didn't seem all that relevant. But his analysis remained as valid as ever, under the right conditions. Those conditions reappeared first in Japan during the 90s; now they're everywhere.
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Today many Japanese economists believe that reasonable major measures based on the Kaynes' theories were tried in Japan during late 1990's without resulting in an expected economic growth rate.
However it was not a disaster for Japan in 1990's, since unemployment was far below 10%; and Toyota and other major businesses were well deploying in the U.S. market and the Chinese market, keeping up and bearing huge internal reserve even into the 21st century. Japanese financial institutions needed not to be tempted to buy securitized subprime-loan contaminated financial commodities. It - the situation - was uniquely not disastrous in Japan.
I do not think that any economist in New York can truly fulfill his or her duty to serve mankind with their ability to understand Keynes, since it - the situation - might not be uniquely non-disastrous somewhere out of Japan.
(In my theory Japan transferred its promised growth or such economic potential partly and mainly to China in 1990's, the implication of which will be later discussed...)
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Oh, it is almost 11 p.m. now.
I got to check some competing news and business-reporting TV programs around Tokyo, since it is 9 a.m. in New York and 3 p.m. in Paris of Friday.
(Votre plus obsolètes les vêtements pourraient être la meilleure amie de votre beauté, si vous n'êtes pas Eva. Yet, remember I am not an Adam, since I have not purchased business shoes in this fiscal year in Japan, even for the purpose of the income tax report.
http://dvweb.mpf.arcstarmusic.com/mdb_dst2/appendix4/TF/cT6HF_2222215.asx
Source: http://mysound.jp/music/detail/tYZFB/)
Gen 3:4 And the serpent said unto the woman, Ye shall not surely die:
Gen 3:5 For God doth know that in the day ye eat thereof, then your eyes shall be opened, and ye shall be as gods, knowing good and evil.
Gen 3:6 And when the woman saw that the tree was good for food, and that it was pleasant to the eyes, and a tree to be desired to make one wise, she took of the fruit thereof, and did eat, and gave also unto her husband with her; and he did eat.