Archive - Sep 6, 2011 - Blog entry

The Fed has been reduced to promoting politically expedient "solutions" in the face of a moribund global economy suffering from persistent and intractable unemployment.

"We're on the way to a worldwide financial dictatorship governed by bankers," said Peter Gauweiler, Member of Parliament in Germany. "We don't support Greece. We support 25 or 30 worldwide investment banks and their insane activities."

Everything is connected.

It is a sad commentary on conventional economics that their well-intentioned policies will achieve the exact opposite of full employment. Obama's remedies will do nothing but perpetuate long-term high unemployment. And that is a hell of a gift to workers on Labor Day.

A little poetry never hurt anyone...neither did slapping a bankster CEO over the head.

I’ve said many times before that QE 3 won’t be coming any time soon unless the market Crashes or a major bank goes under. The reason is that QE (and Ben Bernanke for that matter) have been politically toxic: we’ve already seen that the Fed will be a major political issue in the 2012 Presidential election.

Either we dismiss them from our mind with an open and honest heart or we will be owned by them lock, stock and barrel.

We have now wiped out almost all of the gains of the last week and a half and it looks as though we are heading rapidly into the 2008-type Collapse I've been warning about for weeks.

This will end badly. All manipulation ends the same way.

Yes, equity markets in Europa and the US are getting the Axe treatment, but the event that is most forboding is still being overlooked by the media. At the end of the day, this will be the cause of continuation of the 2009 global market collapse... CONTAGION!!!

Currency War coming up?

All you need to read.