Friday, May 8, 2009

Cocaine Addiction vs. Cheap Money Addiction

Imagine a country with almost 300 Million people addicted to a highly addictive "substance" also called "cheap money"

"Attempts to stop using the cheap money can fail simply because the resulting depression can be overwhelming"

From, with some free translation:


"Cheap money addiction can occur very quickly and be very difficult to break.

Animal studies have shown that animals will work very hard (press a bar over 10,000 times) for a single injection of cheap money, choose cheap money over food and water, and take cheap money even when this behavior is punished.

Animals must have their access to cheap money limited in order not to take toxic or even lethal doses. People addicted to cheap money behave similarly. They will go to great lengths to get cheap money and continue to take it even when it hurts their school or job performance and their relationships with loved ones.

Attempts to stop using the cheap money can fail simply because the resulting depression can be overwhelming, causing the addict to use more cheap money in an attempt to overcome his depression.

This overpowering addiction can cause the addict to do anything to get cheap money. (like manipulating statistics, stocks, gold and silver price, etc).

Recent studies on cheap money and addiction have shown that, during periods of abstinence from cheap money use, the memory (!) of the euphoria (CNBC & Bloomberg) associated with cheap money, or mere exposure to cues associated with cheap money use, can trigger tremendous craving (to the good old times of buy, buy, buy) and relapse to cheap money, even after long periods of abstinence (so we have been warned to look out for the next bubble)

Researchers have found that cheap money stimulates the brain's reward system inducing an even greater feeling of pleasure than natural functions (just look at the euphoric face expressions of "economists" and hype when the loss is "less than expected"..hurray!!)

In turn, its influence on the reward circuit can lead a user to bypass survival activities and repeat use (translation: the Fed and government won't give up easily...)

Chronic cheap money use can lead to a cheap money addiction and in some cases damage the brain and other organs (nope, joke is too cheap..) An addict will continue to use cheap money even when faced with adverse consequences..(!)

Cheap money continues to be the most frequently mentioned illicit substance in U.S. emergency departments (ED), present in 30% of ED drug episodes during 2001. Then Alan Greenspan made money even cheaper and in 2001, the number of ED cocaine mentions increased ……..I’m sure you get the story."'


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