IT JUST SEEMS THAT AMERICA DOES NOT "GET IT"...
THE SITUATION IS GOING FROM BAD TO WORSE...AND STILL NO ONE IS ASKING THE RIGHT QUESTIONS....
MANY ARE NOW QUESTIONING THE VERY "THEORY OF MARKETS"....
BUT WHAT THEORY IS IN PLAY IN WASHINGTON...?
QUITE SIMPLY :....ASSET INFLATION AT ANY COST...!!
YES, THE DOLLAR IS WEAK...BUT THE FED STILL THINKS THAT IS TEMPORARY...AND CAN BE ADJUSTED "AFTER THE RECOVERY"...
BUT NO ONE CAN DEFINE THE NATURE OF THE RECOVERY IN AN ECONOMY THAT IS TOTALLY DEINDUSTRIALIZED ....AND COMPLETELY DEPENDANT ON ASSET BUBBLES...
THEREIN LIES THE ENTIRE PROBLEM...
NO PRODUCTION...ONLY SERIAL ASSET BUBBLES...
IF ASSET INFLATION AT ANY COST IS THE GOAL...THEN THERE WILL BE NO RECOVERY...ONLY A CONTINUED DOWNWARD SPIRAL...WIEMAR STYLE...
OVER THE LAST MONTH NOTHING HAS CHANGED...THINGS HAVE ONLY GOTTEN WORSE...
AND BERNANKE TODAY HAD THE NERVE TO SAY THAT WE STILL CAN'T TELL IF WE ARE IN A BUBBLE OR NOT...
NO ONE EVEN MENTIONS THE NEED TO "TAKE THE PUNCH BOWL AWAY" FROM TIME TO TIME...
ONLY HOW FULL THE PUNCH BOWL CAN BE FILLED...!
THIS IS A DOOMSDAY SCENARIO ...BUT...UNLIKE A MONTH AGO...EVEN MORE PEOPLE ARE STARTING TO SEE IT....
GOLD IS THE ONLY PLACE TO BE...AS THE VALUE OF THE PAPER ASSETS CONTINUES IN RELATIVE DECLINE...
THIS DEPRESSION IS ONLY STARTING...AND THE GREEN SHOOTS ARE ONLY MOSSY MOLD GROWING ON THE NOW ZOMBIFIED US ECONOMY...
