US Markets “Feel Sick” After Bernanke/Krugman Bet on Bull

 by Mike Finger  via Schiff Gold

  Below is a short scene from Paul Krugman’s recent visit to the funny farm where they send Federal Reserve Chairmen when they retire. It’s an odd place, where the plants are overwatered until the ground is bare (but at least the gardeners are never out of a job). Meanwhile, the cows are shipped to China to be milked, then shipped home again. Such inefficiencies might be puzzling, but to a Keynesian they are the hallmarks of a well-regulated economy.

While riding a bull market, investors are more than happy to eat up the stories fed to them by  government economists and the Fed. It might seem like a good bet at the time, but as some investors are learning this week, you won’t end up any richer. Interested in learning more? Peter Schiff has responded directly to Krugman’s bull in the past, both here and here. Earlier this year, Tom Woods recorded an excellent podcast refuting the major ideas of Keynesians. Listen here.

Explore the full archive of SchiffGold’s Lampoon the System comics here.

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics.

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All unclassified Army and Marine Cops manuals and correspondence courses are products of the US Federal Government. They are NOT subject to copyright and can be freely copied and redistributed.

The Marine Corps Institute (MCI) develops correspondence courses for Marines with all kinds of Military Occupational Specialties (MOS) on all manner of subjects. This is one of those courses.

The print is relatively small because that is the way it was in the original and this is an exact reproduction. Also, as a tribute to the individual (and a touch of reality), you will notice that the editorial pencil marks and underlined passages that were put there by the Marine that took this course. They were intentionally left in the reproduction.

This version of the course was authorized in September of 1984. With the exception the development of Infrared technology, it contains information and techniques that have changed very little since the Vietnam war. These battle proven tactics are as valid today as they were in Quang Nam province in 1968.

They will maintain their validity during the upcoming inevitable event of total economic, political and social collapse. Yours for freedom in our lifetimes. jtl, 419