We ask “is the Fed fuelling bubbles?” An opinion piece in USAToday says, ‘no, this time it’s different (due to zero percent interest rates).’ Another opinion piece from former academic turned fund manager, John Hussman, says there IS a bubble and it’s matched only in size by the 1929 bubble. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about George Osborne’s ponzinomics and Janet Yellen’s bubbles. Mitch also has some charts! These charts show that equity markets in 2014 look a whole lot like the ‘recovery’ and then second crash during the previous Great Depression.
We discuss the nouns, like ‘the poor,’ who want to be known as verbs, like ‘can’t make ends meet,’ and the thieving verbs (i.e., ‘defrauding investors,’ ‘manipulating markets’) who want to be called nouns, like ‘wealth creator.’ In the second half, Max interviews Liam Halligan about his recent Spectator cover story, “The Next Crash: We could be on the brink of another financial crisis.” They look at derivatives, leverage, GDP and more.
“I do try to keep up with the kids in the hood. I listen to the wireless on my computer and use the interweb and wear trainers.”- Read my latest daily blog in full here
• SO IT GOES – John Fleming’s Blog
The contributors are many as actors in the American Tragedy, to cause the systemic breakdown failed state. Faulty monetary policy, economic policy, and political policy have caused the resulting failure. The primary perpetrators are the central bankers, led by Greenspan and Bernanke.
Refusal to Repatriate German gold was a crime out of the gate. The motive was to conceal the appropriation (re-hypothecation) of German official gold accounts. The Germans are on notice of gold thefts by their own allies.Germany will work with the Eastern superpowers to develop a USDollar alternative and a Gold Trade Standard.
The United States has given the world two choices: war to defend the USDollar, versus work with Eastern Alliance toward the Gold Standard.
The motive for actions taken are clearly in defense of the King Dollar Regime. The responses taken are clearly to reinstate the Gold Trade Standard and no longer deal with a toxic USDollar for trade and banking. The unintended consequences are uniform if not universal.
The outcome will be to develop the Eastern Gold Trade Standard while the entire Western system crumbles, deteriorates, sinks, and implodes.
Click here for the latest Hat Trick Letter on the development of the Eastern Gold Trade Standard:
Tagged with: BRICS
, dollar collapse
, Gold Standard
, gold-backed currency
, Golden Jackass
, Hat Trick Letter
, Jim Willie
, Russia gold
, The Doc
We are seeing a rush to war very similar to the one that led up to Saddam’s ouster, but this time, we have much less justification (hard to believe) and the opponent is tremendously more capable. There is little sense in the course the West is currently pursuing, little to gain, and MUCH to lose…
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The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses.
The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%.
Even the ephemeral foundation of additional debt-based spending–the Fed’s beloved wealth effect–has eroded for all but the thin layer at the very top of the wealth pyramid.
To replace this diminished income, the Status Quo has substituted debt as the source of additional spending: household debt, corporate debt and government debt.
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Tagged with: debt
, Federal Reserve
, household wealth
, real median household income
Mankind’s affection towards innovation has fueled the development and enhancement of society’s most powerful bitcoin mining rigs. With this fast-paced arms race continuing, the future of bitcoin mining may not be completely dependent on increasing hash power, but rather diminishing the underlying costs of powering and…
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Silver looks better and better technically and fundamentally and was more robust than gold again yesterday. U.S. Mint data regarding bullion coin sales is always an interesting indicator regarding gold and silver store of value demand.
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“Monstrous Regiment were there but their feminist dungarees were off and their public school cocktail dresses were on.”- Read my latest daily blog in full here
• SO IT GOES – John Fleming’s Blog