Fears of a New Bubble as Cash Pours In - WSJ.com - The Diigo Meta page

• 05 Nov 09
  

  Gary Edwards

  Those bastard banks have taken over $2 Trillion from the taxpayers, and are using this cash to invest in emerging markets instead of the USA.  The Feds are providing interest free money to central banks, which then are used to invest in emerging economies.  The bankers get the profits and USA taxpayers get stuck with the cost.  
  
  <br><br>There is no possible upside for USA taxpayers unless of course you agree with Obama that the USA standard of living and extraordinary economic prosperity must be lowered before global economic equality can be achieved.  This isn't just about greedy bankers and self interested international corporations.  Wealth redistribution is now the official policy of our government.  And the Federal Reserve is carrying it out with unexpected zeal.
  
  <br><br>The numbers are coming in.  The facts are on the table.  The USA is being gutted. The surprise here is that the redistribution of wealth is not from rich Americans to poor Americans. The transfer of wealth is from all Americans, including the yet to be born, to the emerging economies of the world.
  
  <br><br>excerpt:  Asian stock prices are shooting up, in part due to low interest rates in the U.S. Investors looking for higher yields are borrowing in U.S. dollars and then pouring that money "into countries that are growing more rapidly," said Stephen Cecchetti, chief economist at the Bank for International Settlements, the central banks' central bank, which warned early of the last asset bubble and is beginning to do so again. "That runs the risk of creating property and equity booms in those countries."<br><br>
  
  \n\nAbout $53 billion has gone into emerging-market stock funds this year, according to data collector EPFR Global. Through Monday's trading, the broad MSCI Barra Emerging Markets Index this year was up 60.7%. Brazil was up 100%, and Indonesia had gains of 102.7%. Over the same period, the Dow Jones Industrial Average was up 11.5%.

  financial-crisis obama-socialism wealth-transfer bankers-suck

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