MASSIVE GLOBAL HYPERINFLATION LOOMS...!! CALL IT "WIEMAR WORLD!"
WHAT GERMANY DID TO ITSELF IN THE 1920'S...THE ENTIRE WORLD ECONOMY IS DOING IN 2008!!
THE ONLY CURE IS A PURGE OF THE SYSTEM...AND THE RESTORATION OF SOUND MONEY!
THE CENTRAL BANKS ARE GRASPING AT STRAWS HERE...
HYPERINFLATION IS GOING TO BE THE RESULT...
GOLD AT $2000 WILL BE THE LAST STRAW TO BE GRASPED...
AT THAT POINT THE AGE OF EASY MONEY WILL BE OVER...
AND THE RETURN OF SANITY TO THE PAPER ASSET MARKETS WILL BE RESTORED...
WE ARE CURRENTLY MISREADING THE "LESSONS" OF 1929-1932... THEY TRIED ALL THIS THEN TOO...AND IT DIDN'T WORK THEN AND IT WON'T WORK NOW...
WHAT WON'T WORK...WELL, THE NOTION THAT THERE IS A SECRET PASSAGEWAY OUT OF THE CRISIS THAT LETS THE SPECULATORS KEEP THEIR LOOT! OK...YOU CAN SOCIALIZE THE DEBT...BUT THAT IS A BRIDGE TO NOWHERE TOO!
REMEMBER, WE ARE NOT YET READY TO SOLVE THE PROBLEMS...
BECAUSE WE ARE STILL LOOKING FOR A MAGICAL"WAY OUT" OF THE PROBLEM...
THE ONLY HOPE IS TO LET THE MARKET DESTROY THE WRONG DOERS...THEN AND ONLY THEN WILL A "NEW DAWN" BE PERMITTED...
THE CENTRAL BANKS ARE FRANTICALLY RE-ARRANGING THE DECK CHAIRS ON THE TITANIC...
ESSENTIALLY EVERYONE IS STILL LOOKING FOR THE BAILOUT AND THE "FREE LUNCH"...
ONLY WHEN WE QUIT TRYING TO HAVE A FREE LUNCH AND ACCEPT THE COMING PAIN...AND THE RESULTING COLLAPSES WILL TRUE "CREATIVE DESTRUCTION" CURE THE GLOBAL SYSTEM...
WE ARE A LONG LONG WAY FROM THAT STILL...
AS YESTERDAYS...LOW VOLUME LATE "RALLY" PROVED...THERE ARE STILL TO MANY TRUE BELIEVERS IN THE "MAGIC" OF CENTRAL BANKERS....
STAY TUNED...AS THE BAND PLAYS ON...!
BUT WATCH GOLD...THE TRADITIONAL CANARY IN THE MINESHAFT...!
