It’s 2008 All Over Again… Only Worse
by Phoenix Capital Research
Bernanke and pals wanted to recreate the same booming leverage and fiscal insanity of the bubble years. And they’ve done that in a big way. Among their various successes:
§ Commodities are at levels not seen since 2008.
§ Gas prices are at levels not seen since 2008.
§ The US Dollar has fallen to levels not seen since 2008.
§ Bank leverage is at levels not seen since 2008.
§ Microcap stocks are at levels not seen since 2007.
§ Wall Street bonuses are at levels not seen since 2007.
It’s really striking the similarities. And all the Fed and US Government had to do was:
1) Make itself insolvent
2) Bankrupt the US
3) Spend Trillions in Bailouts and Stimulus
4) Trash the US Dollar
So what’s the difference this time around?