Kohn Wants To Keep Funny Money™ Window Open Forever

Today we must discuss the astonishing speech by Federal Reserve Vice Chair Kohn. Kohn rose to his high throne after he pushed hard for the Greenspan interest rate cuts to 1%. He sat on his ass during the housing bubble and is now working hard on rescuing the bankers and investment houses that dumped trillions in worthless loans on top of the planet's banking systems. His fix is to take the new emergency regime of the Fed accepting lousy loans as collateral for making Funny Money™ and to do this FOREVER. And he wants an international Funny Money™ clearing house that accepts ONLY VERY SAFE collateral. But this fool can't say what this mysterious VERY SAFE collateral will be. This is because he would have to say, 'GOLD' and the gold markets will go wild with joy as they ought. The Fed has to find some way of getting back the gold standard but we can't, we are bankrupt as a nation. Only China and Russia can do this. We know how this story will end.

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