The gentleman, Bernanke in this case, “protests too much” and in protest reveals the
true meaning of his course which perhaps is a decline to bended knee and a
supine position to his Master. It is scant
days to the election and I cannot help but think that our continuing trip to
the “presses of creation” is an act of contrivance to support “him that must be
obeyed” while shameless in its purpose serves not the “greater good” but the
lesser path of political contrivance.
In reading the explanations and the rationale of the actions undertaken I am not swayed. In fact, there were too many reasons, too much offered of almost an apology that causes me to question the validity of the foundation of our present course. In a world where things are difficult and where our Central Bank rolls out the creation of money, once again, as the end all and be all of our supposed passage to financial Heaven; I mark the day and note the consequences. Down with the Dollar and up with equities and down with mortgage rates and all contrived and perhaps ill conceived and, unlike Europe, “all for one” but not one for all; for who does not wish to be named in any chapter of this ill-begotten play.
In reading the explanations and the rationale of the actions undertaken I am not swayed. In fact, there were too many reasons, too much offered of almost an apology that causes me to question the validity of the foundation of our present course. In a world where things are difficult and where our Central Bank rolls out the creation of money, once again, as the end all and be all of our supposed passage to financial Heaven; I mark the day and note the consequences. Down with the Dollar and up with equities and down with mortgage rates and all contrived and perhaps ill conceived and, unlike Europe, “all for one” but not one for all; for who does not wish to be named in any chapter of this ill-begotten play.
"Can one desire too much of a good thing?”-As You Like It
In our world it is reality in the long term and perhaps the much too long term and in the short term; perception and the capture of the winnings. The Great Game is played to win and not too be right and so bragging rights accrue to those that called the ball and a nod to the win of their endeavors and a respectful nod it is but for the perpetrator; a disrespectful shrug and a fair amount of insolence. Not that it was ever disconnected perhaps, the Banker from the State, and the charade is useful no doubt but still; I do not applaud this characterization or any ones that occurred in the earlier chapters. What is difficult now will be made all that more difficult later by the actions of our Fed but then the players will be gone and it is only the barely considered members of the nation that will suffer as a result of these slings and arrows tossed so carelessly across the bow of our nation’s future.
"Conscience is but a word that cowards use, devised at first to keep the strong in awe.”-King Richard III
So, along with the rest, it is to be commodities up, oil up, gold up but what of the citizens; what of the people and no hooray from me for the abuse of power. It is a bill that will have to be paid and a scheme that has a cost and a stroke for the government and a stroke against those that have to pay for it. The dislocation between the governing and the governed could not be greater and I take no pride in watching the machinations of men with no thought for this generation; much less those who will follow. A shameless rout and ill gotten gains and a certain sadness for America.
"If you prick us, do we not bleed, if you tickle us, do we not laugh, if you poison us, do we not die and if you wrong us; shall we not revenge?"
-The Merchant of Venice
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