"Some wonder if it did fail, or did QE do exactly what its proponents wanted it to? That is drive massive wealth to very small connected circle. Some wonder if that wasn't the real goal all along and the crisis was a good excuse to implement their policies."
Harald Malmgren
"The public needs no further proof of the Fed’s inability to supervise the global banks than the fact that, at a time when it had dozens of its own inspectors sitting inside the banks, the banks were able to create toxic waste dumps of subprime debt and derivatives that blew up the U.S. financial system, the housing market, and the U.S. economy in 2008 while also taking down 100-year old Wall Street institutions. If that’s not incompetence, we don’t know what is."
Pam Martens, Wall Street On Parade
"The Lord is my shepherd; I shall not want."
Psalm 23:1
Stocks wanted to go down today, and sank quite a bit after the initial open.
However, once again stocks were able to shake off their lows into the afternoon trade and finish with modest gains into the close.
Gold finiashed off a bit even as the dollar drifted slightly lower.
The fear and hate mongering business seems to be on the increase.
Lord, make me an instrument of your peace.
Have a pleasant evening.
