Why I hate the Fed

When I am stressed, I am prone to rant and rave a lot. More so than usual. For example, Evil Twin #2, S, B, and I had dinner the other night and I went off on yuppie soccer moms who believe immunizing their children leads to autism. "I hope all their children die whooping cough," I said.

My rant of the day is on the Federal Reserve. I, as it soon will become apparent, did terribly in MacroEconomics. In my naivite, I believed the Fed was an independent organization. I believed that they looked at the economy as a whole and not simply on the stock market as their only indicies.

I understand that they have no choice to act the way they have as of late. Because of the stranglehold Wall Street has on them, they have no choice to lower interest rates and pump so much money into the system. But I am still bitter.

It is like that stupid cricket and ant fable. The diligent ants have to take care of this retarded dancing cricket, because he was too stupid to store any food. In a way you wish, the ants just let it die in the snow.

I am a freakin' ant. I have saved whatever I could. I never go into debt, I cannot handle. I have always had a savings account, investing in our rapidly devaluating dollar. And truly the only thing I get for it is to be punished for being responsible.

Joe Lewis bitches about the Bear Stearns/JP Morgan deal. Boohoo, you lost over a billion dollars, but you have been dancing your ass off all this time while others have been diligent. You encouraged your dumbass company to take on high risk debt even when everyone knew what would happen. I wished there was a true run on it. Your absolute ruin may teach others a lesson.

But back to the big picture, Fed, you suck. You want to control inflation, but you keep on lowering interest rates. You want Americans to save more money, but you lower interest rates. You are Wall Street's bitch. Every time traders start any modest selloff or an investment bank, that is not insured, crashes , you freakout, bend over, and give in to whatever they want.

Fine. I am going to closeout my Orange account buy a TV that works, then I am going to buy those Chie Mihara peep toe pumps I have been coveting. Then whatever is leftover is going into Indian gaming and beer. I want to be a cricket too.