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Watching this month’s Dow melt-up this month, and
subsequently, the media spin suggesting the surge is “evidence”
of economic and banking system “improvement”, you’d think the
world has changed for the better. Greece is healed, California is healed, and
the dollar regenerated for another 40-year reign of bliss.
Apparently, curing GLOBAL FINANCIAL COLLAPSES has
become EASIER over the past three years, as in 2008 it required fraudulent
accounting changes and $20 TRILLION of fresh money-printing, while in 2011,
despite DRAMATICALLY WORSE corporate, municipal, and sovereign debt issues,
and DRAMATICALLY WORSE global economic conditions, apparently all TPTB needed
to do was HINT they MAY print more money. And voila, “all’s
well”.
No matter that, for every hint of POTENTIAL ECB money
printing, a negative one suggesting the opposite immediately emerges.
http://www.zerohedge.com/news/bill-gross-issu...coming-quarters
http://www.zerohedge.com/news/us-pours-col...ilout-europeans
http://www.zerohedge.com/news/ecb-tells...-against-euro-c
No matter that the fate of the global financial system
rests on the resolution of the Greek debt crisis, yet while stock markets
surge on such expectations, the Greek government is in chaos, in fact right
now amidst a NINE-DAY STRIKE! Yes, I’m sure this strike will improve
the likelihood of another $100+ billion bailout…
http://www.zerohedge.com/news/put-fo...in-9-day-strike
No matter that, contrary to the action of the stock
market, the cacophony of bad news is now multiplying geometrically, to the
point that when I don’t write a RANT for two days the queue of
“horrible headlines” becomes dauntingly elongated, to the point
where it starts to look like a 1980s line for Michael Jackson tickets, or better
yet a 1970s line for GASOLINE (coming soon to the 2010s, by the way…).
http://www.zerohedge.com/news/why...pression-trades
http://www.zerohedge.com/news/...verge-inverting
http://moneymorning.com/201...set-to-explode/
http://www.zerohedge.com...rtfolio-manager
No matter that the U.S. real estate market, which MUST
recover for America to have any chance of economic growth, continues to
plummet into oblivion. The link below discusses how PrimeX
has been cliff-diving in recent weeks, an index focusing on alt-A mortgages. PrimeX measures the most senior tranches of what are
supposed to be higher quality mortgages than subprime, but clearly that
market is betting the real estate contagion will spread to the so-called
“healthier parts of the body.”
http://www.zerohedge....om/news/timberx
Yes, the real estate boogeyman has returned, as we are
now entering the most dangerous period for mortgage rate resets since
mid-2008 – and you remember what happened then, don’t you?
Per the chart below, the 2008 resets focused on the
subprime sector, while today the so-called “healthier” Alt-A
loans are in the cross hairs, as well as Option ARMS.
This is why “Operation Twist” is so vital
to U.S. government policy, but “OT” alone will not be enough to
offset the pain caused by higher rate resets in an environment where real
estate prices continue to fall and unemployment to surge.
Not matter that civil unrest WORLDWIDE is accelerating,
at a rate even I am taken aback by. The “Arab Spring” is morphing
into the “Global Spring”, and the chances of this tide ebbing are
no better than the chances of a Greek debt rating upgrade!
Not only has such unrest returned to the MENA
region…
< target="_blank"span
lang=EN>http://www.guardia...ast-unrest-live
http://www.reut...E79E2L620111015
…but it has EXPLODED in the U.S….
http://abcne...ory?id=14746030
http://ww...quare-live-feed
…and not just in New York City, by the way…
< target="_blank"p>http:/...847_occupy.html
…spreading to Italy…
target="_blank" htt...rning-live-feed
...an-sachs-office
…Greece…
target="_blank"
…time to allow of the system by its MASTERS, the
EVIL BANKERS of New York and London…
http://www.zerohedge.com/news/book-cooking-index-soars-all-time-highs
…time to hold G-20 meetings (such as the one this
weekend in Paris) without having to say or do anything…
http://news.yahoo.com/obama-iran-pay-price-assassination-plot-170344019.html
http://www.youtube.com/watch?v=n-6J0bTskRg&feature=player_embedded
In sum total, more time to STEAL, at YOUR personal
expense, and that of future generations.
—————————————————————————————————————————————-
The below link describes EXACTLY how TPTB have been
manipulating the stock market. It’s no surprise the recent PM market collapse
started EXACTLY the same day, September 4th,
that the stock market support initiative described commenced.
http://www.zerohedge.com/news/charting-nine-days-short-squeezes-and-vapor-volume
But alas, where is the GOOD NEWS, even a handful of
elusive tidbits describing “improvement”, “progress”,
or even just HOPE for the system? I am DESPERATELY seeking it out, but cannot
find it, in any way, shape, or form.
Washington, Wall Street, and the press desperately try
to MANUFACTURE such “good news”, replete with coordinated press
blitzes and PPT support operations. However, no matter what they try, such
efforts immediately dissipate into oblivion.
For example, the media tried to play up Friday’s
“better than expected” retail sales report (+1.1% vs. consensus
+0.8%) as evidence of an “improving economy.” However, even a
modicum of research uncovers the fact that essentially ALL of
September’s retail sales growth was due to counterproductive sales
schemes and price inflation.
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