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I was travelling in Mexico the past three days, my
apologies for the lack of commentary. And I’m just trying to recover,
in front of a potentially wild week, so my comments this afternoon will be
brief. Of course, don’t confuse brevity with lack of spirit, which I
assure you is as strong as ever.
My primary thought relates to PERCEPTION, a favorite
topic recently, as I think of the exponentially growing efforts of the PPT,
Cartel, ESF, ECB, SNB, Fed, and other MALIGNANT financial and government
entities. Cumulatively, their SOLE GOAL is to keep the masses quiet,
compliant, and believing their lies about recovery, transparency, and hope,
while ALL their actions speak otherwise. “MOPE”,
“BEHAVIORAL FINANCE”, or whatever you want to call it,
Washington/Wall Street wants you to TRUST they are in CONTROL of the economy,
the markets, and the Western world’s fate.
Unfortunately, they are NOT, and each passing day
reinforces my belief….no…KNOWLEDGE…that TPTB will
decisively lose this life-and-death game of financial chicken. The markets
know it (watching those bank stocks?), the gold world knows it (soaring
PHYSICAL premiums), and even the people are starting to understand (Google
“Occupy Wall Street”).
The Western banking system will NOT survive this
onslaught, as it did in 2008-09, and it will NOT be revived by QE3 America,
QE3 Europe, or QE3 Global (all of which are ongoing COVERTLY anyway).
Printing money will NOT save the world, and frankly I
doubt it will even cause a meaningful stock rally, although anything can
happen when such an announcement is made, coupled, of course, with MASSIVE
PPT buying. Honestly, my belief, realizing it is just speculation, is AT
LEAST 50% OF ALL U.S. STOCK MARKET VOLUME IS GOVERNMENT-RELATED, at least 80%
of which emanates from HFT trading. Some GOVERNMENT COMPUTER PROGRAMS support
PPT stocks like the Dow components, and some suppress
“unfavorable” sectors such as Precious Metals, but rest assured
the government is the largest participant in today’s stock market, and
by the way, take a guess which firm DOMINATES HFT trading?
I’ll give you a hint – its first name
starts with a “G”, and its second with
an “S”.
We are constantly besieged with propaganda regarding
the “economic recovery” which never occurred, and never will, and
even more so regarding the imminent rescue of the banking system by a
combination of ‘black knights’ (such as Warren Buffett) and
coordinated efforts by the supreme financial wizards of the universe, who in
actuality are a bunch of goose-stepping morons. With just an eighth of a
brain, one can see how obvious it is that the G-20, IMF, ECB, Fed, and all
the other high-and-mighty government organizations, are both BROKE and
STUPID. They have no direction, no plan, no leaders, and no cohesion. They
are CONSTANTLY having meetings, at higher and higher levels each week, yet
NOTHING gets accomplished except MONEY PRINTING and promises of still MORE
MONEY PRINTING.
Yes, they will continue to print, but no it won’t
matter (remember the $500 BILLION joint credit line offered to the
world’s banks two weeks ago?). And once again, I do not believe even
HYPERINFLATIONARY MONETARY POLICY can save 80%+ of stocks, as….flash
bulletin…INFLATION KILLS nearly all businesses. Yes, resource companies
should rise in such an environment, and several other selected sectors as
well. However, BANKS will be destroyed (i.e. BANK-RUPTED), as well as the
great majority of public and private businesses. Moreover, DERIVATIVES will
only make these collapses that much more spectacular,
and just wait until the focus shifts from the BANKS to the CURRENCIES
underlying their assets.
What will be the flashpoint that starts it all?
One never knows, but the odds continue to grow that it
will be GREECE, and this weekend’s news that it has NOT achieved the
austerity targets of the last bailout all but guarantees a new one will not
occur (and if it does, the market would KNOW up front it will miserably
FAIL).
http://www.zerohedge.com/news/surprise-greece...er-out-eurozone
And how about this LATE-BREAKING NEWS, that Dexia, the largest bank in Belgium and, as of two years
ago, the 16th largest in Europe, finally appears on the brink of
collapse? Yes, this poster child of profligacy could be bankrupted or, more
likely, nationalized by the time you read this, with its 35,000 employees and
eight million client accounts, many of them, of course, in FRANCE.
http://www.zerohedge.com/news/dexia-nation...zation-imminent
No matter what SPIN is put out that such catastrophes
can be “contained”, DO NOT BELIEVE IT!
Frankly, my readers know better, and it’s only a matter of time before
the rest of the world does, too. The daisy chain of DERIVATIVES and
INTERTWINED DEBTS cannot be unraveled, so the last resort of Central Banks
and politicians WILL be to PRINT TRILLIONS, if not QUADRILLIONS, of “currency
units” to try and buy more time.
Perhaps they’ll buy a few weeks, or even a few
months, but that will be it. The gold price will already have doubled by the
time the can hits the proverbial brick wall, and then the REAL FIREWORKS of a
currency collapse will commence, most likely starting with the Euro.
Think long and hard about where your portfolio, and
priorities stand, as once the final game of musical chairs starts, I assure
you MOST will not find a seat.
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