As the cracks in the vineer of central bank omnipotence grow ever wider, some brief reflection on the following three charts may awaken some 'animal' spirits of a different sort as the gap between fundamental reality and 'market' perception has never been wider...
Cash is an unambiguously a blessing to productive workers, savers, and entrepreneurs who wish to protect their hard earned money from the crazed theories and swindling schemes promoted by statists like Rogoff and the central bankers he advises.
In the latest blow for Obama's global trade agenda, German Economy Minister Sigmar Gabriel said that free trade talks between the EU and the US have failed, citing a lack of progress on any of the major sections of the long-running negotiations. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it. [They] have failed because we Europeans did not want to subject ourselves to American demands.”
"... the chance of nuclear war from Neoconservative intention, miscalculation or false launch warning remains high. The provocations of US/NATO military forces and missile bases on Russia’s borders are reckless as they build tensions between nuclear powers. It is in times of tension that false warnings are believed and miscalculations occur... Washington should be de-escalating tensions with Russia, not building them. So far there is no sign that the Neoconservatives are willing to give up their hegemonic agenda for the sake of life on earth."