Archive - Feb 2011 - Blog entry

Ever since the Financial system started imploding in July 2007, I’ve heard countless folks talk about liquidity, bull markets, bear markets, the dollar, bailouts, etc. But there’s one thing I’ve heard virtually NO ONE talk about. That is:MORALITY or ETHICS.

The first thing that needs to be said is that IF we have another systemic meltdown like that of Autumn 2008, Gold will likely go down along with everything else. There are simply too many big players (hedge funds, investment banks, etc) with heavy exposure to Gold who would be forced to liquidate their positions during a systemic collapse.

I’ve watched with first amusement, then disgust, and ultimately outrage as various pundits proclaimed Bernanke’s efforts “saved the financial system” or helped the US “weather the storm.” Bernanke did NO such thing. You could train a chimpanzee to hit the “print money” button at the Fed every-time the Fed phone rings with a Wall Street number and get the same results.

Don't fall for the old divide-and-conquer trick ...

Anyone read today's Moz news?

Someone broke into the the Banzai7 Institute Patent Vault

Oops...a staggering £80billion has been wiped off the value of UK pensions because the rate of inflation has been underestimated for 12 years...

The REAL Crisis first hit in 2008 though it was almost entirely off the radar of the American public. While all eyes were glued to the carnage in the stock market and brokerage account balances, a far more serious crisis began to unfold rocking 30 countries around the globe. I’m talking about food shortages.

Why would a central bank bother to try and manipulate silver’s exchange rate in the first place?

Government and big business are gaming social media ...

Not only does the National Association of Realtors issue overy-optimistic future predictions (to get people to buy/sell homes, duh), but they misrepresent and manipulate historical data! That should be a crime (if it isn't already)!

Don't be jiving us with Fedspeak Bro!

And dare I say -even in the great bull run of 2010/ 2011- this is a headwind for higher equity prices.

Can the ECB outspend the Bond Markets? Is Portugal truly Insolvent? Will they default? What happens to rate sensitive assets that are already at depression levels, such as real estate, when rates spike world wide? Why am I asking questions that everybody already knows the answer to???? Well, just in case, here go those answers anyway.

If we are going to get hit on the head with a meteor (or solar flares) there is not much we can do about it, so why worry?