Between Monetary Polices

Between Monetary Polices
Where are Markets Heading to?
http://www.idea.xaa.pl

At the time of stock exchange drops, the FED boss, Ben Bernanke, said to his colleagues:
“Buy everything, I shall give you so much money that you will be able to do so. You can get as much as you want.
Later, when assets get dearer, you will make dozens of percents whilst you give back a mere few percent, at around the nominal value.
We shall declare this program as our joint success.”
In this way the pockets of Ben Bernanke’s colleagues were filled up risk-free and more rapidly than during the previous boom.
Instead of allocating assets by market forces, where the discounted shares and equities would be acquired by those investors, who know how to multiply money, creating added value in the process, they ended up with individuals who had caused the crises in the first place and who were indeed creative, but within the area of creative accounting.
The creation of junk money (for privileged bankers) is, in the literal sense of the word, equivalent to stealing from creditors and people/parties that have savings.
The printing money policy is not only dishonest, but is also harmful to market mechanisms. It transpires that the crises had benefited mostly those who provoked it, since at a time when money was king they were awarded shopping money to take over discounted assets. The recipe provided by Ben Bernanke to Americans is dishonest and wrecks business relations. It was not effective performance, but getting into privileged circles guaranteed the highest and fastest-growing profits. Since we have a notion of just and fair value, perhaps one should introduce the notion of “unfair profits”, which manifested themselves in billions of dollars being handed over to selected bankers, so they could buy themselves depreciated assets.