very on the mark post - however I really think Bernanke is not protecting the banking cartel as much as he actually thinks the wealth effect of higher prices will lift us out of the mud and mire and put us on a firm stand. he really believes this in his heart of hearts. i'm a little surprised he doesn't get that there is no free lunch and the cost is lower currency value, higher costs and the most damaging - continuation of increasing debt load.
Leads to misallocation of assets and resources. AMZN is poster child for this phenomenon. Wasted investment in digital content, devices and other services. The so called investment phase that started years ago hasn't and won't pay dividends - gross margin games are keeping the dream alive but like in all cases the wheel of reality grinds slow but will grind fine one day. when profits never show up and growth slows to a crawl (see 1Q13 projections for proof) the value of the company must be alligned to reality. growth has declined some 60% and although 18% yoy is great for most retail - the writing on the wall is ever more ominous given the context of the 122B market cap. they really don't have an answer to this problem and with more and more facilities and employess and new investment strategies, the wall gets higher and higher. there is not an easy exit strategy here and they don't even consider some viable options b/c of flawed ethos of growth beyond everything else. what's really amazing is we have so much good data on this company and its markets yet the no see/hear/speak monkey is in full display.
What's EV maker with maybe 30K units possible in 2014 run as a break-even operation (at least they hope)? Only "scale" they will see if someone decides to overpay for the shares in the next couple of years.