Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Money Multiplier has been broken since Goldman got a free shot at the Fed Window.

Now banks can borrow for nothing from the Fed and loan it to the US Govt backed by the full faith, etc... They also have flash AKA front running trading.

So now when you go to the bank for a loan, you hear that times are hard when you should be hearing the bankers laughing their azzes off at you for even thinking they would loan money to the consumer.

"And you probably want us to send you monthly statements too. Don't you? With little self addressed return envelopes so you can send us your little pissant checks? And you want an interest rate less than 24%? And customer service???"

"Next you'll be asking for us to do the accounting for you too so you can call us on the phone and ask for a payoff".

BWAAAAAAHHAAAAA!!!!!!!!!

Remember: Borrowing $200 billion @ .25% and lending it to the government @ 3% makes you just under 6 billion a year in interest with zero labor or expense involved. Also, there is zero money multiplier.

Makes for nice multi-billion dollar bonuses.