THE STUPIDITY OF THE AMERICAN PUBLIC IS LEGENDARY...
BUT STUPIDITY HAS CONSEQUENCES AS THE AMERICANS ARE NOW LEARNING...
ESSENTIALLY, THE US ECONOMY IS NOT GOING TO "COME OUT" OF THIS DEPRESSION...
THERE HAS BEEN A PARADIGM SHIFT IN THE GLOBAL ECONOMY...AND THE AMERICANS ARE STILL IN DEEP DENIAL...
THE AMERICANS DO NOT MANUFACTURE "THINGS" ANYMORE... THEY ONLY "PRODUCE" ASSET BUBBLES AND PRINTED DOLLARS...WHICH THEY EXPECT THE WORLD TO ACCEPT WITHOUT QUESTION...
BUT HEY, WHAT'S NOT TO LIKE...
THE "DOLLAR AS GOLD" THEORY IS FINALLY FINISHED...
BRETTON WOODS: R.I.P. 1945-2008....!
BRETTON WOODS IS FINALLY DEAD...EVEN THE 1971 "ZOMBIE DOLLAR" HAS BEEN BLOW AWAY ...
THE DOLLAR IS PLAYING BY THE SAME RULES AS THE ZIMBABWE CURRENCY NOW...
AND NEITHER ARE WORTH THE PAPER THEY ARE PRINTED ON...
IT'S HARD TO FEEL SORRY FOR AMERICANS...BECAUSE THEY ARE GETTING ONLY WHAT THEY DESERVE...
A CRASHED ECONOMY
AND A BOGUS AND DEVALUED CURRENCY....
THE OPERTIVE NOTION ON WALL STREET SEEMS TO BE THAT THE WORLD "HAS NO CHOICE" ....BUT TO ACCEPT THE WORTHLESS US DOLLAR...
SO WALL STREET CAN CONTINUE LOOTING THE GLOBAL ECONOMY...
STUPIDITY HAS CONSEQUENCES ....AND THE AMERICANS ARE IN FOR A RUDE AWAKENING... AND A LOT SOONER THAN MOST PEOPLE THINK...
MY HUNCH IS THAT THE DOLLAR CRISIS GOES TOXIC...THIS YEAR!
REMEMBER SIX MONTHS IS AN ETERNITY ON WALL STREET...
