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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "The Fed Is Trying to Federalize Financial Markets: Jim Grant" video.
Markets are supposed to be valued by profits and output, not by a direct line from the Federal Reserve. That is why we will have inflation, we will have an industrial sector in massive debt, producing little except bonds to continue to float themselves. These huge gluttonous corporations will suck up all the capital and not have any competition because potential competitors will never be able to start up. These far corporations will become less and less efficient. We will have to rely even more on imports for goods that aren't produced here. If people outside the country can't get much from their dollars, they will demand more dollars for what they sell us. We will be like Venezuela or the old Soviet Union. A tiny elite and everyone else poor.
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Production is dropping faster than sales, which means prices are going up, even gasoline.
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arney444 Your rant makes no sense.
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Everything is being inflated, even gasoline, which was going down. There is nothing getting cheaper right now.
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It's called stability. If currency isn't worth holding onto, it's value will quickly deteriorate. Enjoy your economic life of ever increasing inflation, and going through booms and busts.
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I never thought I'd invest in bitcoins. Fed balance sheet over 3 trillion dollars and rising like a rocket, the day has arrived.
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