Irvine Finance Commissioner Warns of Economic Collapse While Markets Explode in New Growth
By Dan Chmielewski
Irvine Finance Commissioner Allan Bartlett issued a public service announcement on Facebook yesterday, warning his friends to take appropriate steps to protect their assets due to the pending catastrophic economic collapse that Bartlett feels is inevitable in light the Federal Reserve’s decision to continue funding the federal stimulus.
Bartlett wrote: “Allan’s PSA of the day: The Federal Reserve, by continuing on their current path, is setting the stage for the largest financial collapse the world has ever seen. When will this happen? I’m not sure, but it will happen. Plan accordingly.”
I’m sure Bartlett will urge the Irvine City Council to start stockpiling gold and weapons at the next Finance Commission meeting.
The Fed’s decision surprised the market in a most pleasant way yesterday. From the story in the NY Times: “Investors cheered the Fed’s hesitation. The Standard & Poor’s 500 stock-index rose 1.22 percent, to close at a record high, in nominal terms. Interest rates also fell; the yield on the benchmark 10-year Treasury reversed some of its recent rise.”
The move yesterday made the rich even richer. And for those conservatives who worship the late Ronald Reagan for his failed trickle down economics policies, the Fed’s
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