Wow, globalists don't forgive debt but the God of the Old Testament forgave men through the jubilee. Amazing.

Great article showing the dark side of central banking. Of course, mispricing of risk was a Fed exercise, done often, in fact: www.talkmarkets.com/.../fed-premeditated-mispricing-of-risk-in-housing-oil-junk-bonds-and-other-markets

This is a man who hates the constitution of the United States. I am liberal leaning, but I support the constitution and gun rights. Bloomberg is a potential autocrat. He cannot be elected.

It is more fair to do bailins than bailouts. Citizens of sovereign nations, who are not part of the bank, should not have to pay. However, bailins should be fair, and the insured accounts should be covered. And senior bondholders should be at risk. The author may be interested in my article which shows that senior bondholders will likely be forced to accept less interest on risk than they should. www.talkmarkets.com/.../will-the-banks-game-fsb-and-investors-with-voodoo-tlac-assurances

So, my question is, when has the Fed ever let a bubble, whether it be housing or high yield or stocks, continue without paring them back? The Fed creates and destroys cycles. That's what they do. My problem is that they often misprice risk in order to blow the bubbles, and then the crash has to come.

Well, Dean, we don't want to end up like Japan. I don't think larger deficits are the answer because just like negative interest rates, they don't pick up business. Now, if slightly larger deficits were targeted toward infrastructure or business, that could help. But as it is, middle class jobs are needed, but for the long term.

I would like to see a bump up in food stamps, though. That program is like a gnat on the body of our budget, mostly taken up by military spending on useless weapons.

The Fed must be hoping for something to boost oil, like a war. That would seem worrisome too!!

Wow, is all I can say. Interesting article.

But John, one thing, how much of this oil decline is political? And what if the world chooses to ignore the west, and continue to use oil even if we stop? And I don't think we will stop. JMO.

Well, once they talk about taking cash, do you think that will change, Tom? Not having cash means the system is broken.

QE may have helped the world more than US citizens.