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Federal Reserve Delays Taper, Continues Debasement

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We went into debt though less for projects and more towards entitlements. Our wars were less against countries and more towards combating terrorism though the costs weren't any less severe. We have certainly had our share of state takeover of personal debts. The bailouts of 2008-2009 moved private debt towards the general public. More surreptitiously, the unofficial financial arm for this government (the Fed), has undertaken a tremendous acquisition of public and debt since 2008 on the tune of trillions. Via a tunnel the private debt is by the form of home mortgage loan. This Fed action does not allow rational pricing in this marketplace and is likely to Bitcoin Mining distort markets.

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