This page has been archived and commenting is disabled.
We Have Just Witnessed The Last Gasp Of The Global Economy
Submitted by Brandon Smith via Alt-Market blog,

It is difficult to find the motivation to write about the state of the global economy these days, if only because there is not much left to say. I feel like I am composing multiple obituaries for the same long dead corpse. Most of the Liberty Movement and I suspect a small portion of the mainstream market understand that there is no tangible or legitimate recovery, let alone a stable fiscal ladder to rest our feet upon. There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.
You and I probably find this rather strange. We come from a long forgotten school of economics, in which demand, supply, and savings actually mean something in terms of our fiscal health. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”. I feel sorry for them in a way, because the truth is right in front of their faces, and yet, they will never see it, not until they are buried alive in it.
Nothing makes this problem more apparent than the behavior of equities in the past month.
Stocks are, of course, a sham of the highest magnitude, but they do still say something about the greater truth behind our financial condition. The fact that many market traders clearly KNOW that it's all a farce, and are actually banking and betting on the scam, tells me exactly how close we are to the end of the line. The recent near 10% drop in the Dow at the beginning of Fall must have certainly been a shock for the day trading community as well as mainstream pundits. The assumption for the past few years has been that central bank stimulus guarantees a constantly growing bull market, and to experience a considerable decline in equities even while QE was still in action was at least a noticeable wake up call.
I suspect that this decline in markets was not necessarily planned by the central banks, and was a stumble in their scheme to keep stocks elevated until after the QE taper had settled. It was also a stumble I expected a little earlier, around the end of Summer to be exact. Since the drop, central banks and the mainstream media have reacted forcefully to manipulate public perception as well as investor optimism, but this cannot go on for much longer.
In almost every instance of market decline, financial news group Reuters has injected false rumors of more stimulus from the European Central Bank. This was also the case in October as markets began to crash. These rumors were later dashed by the Financial Times, but not before the mere mention of more fiat stimulus from any central bank sent stocks soaring yet again.
This also occurred when middle management Federal Reserve member John Williams hinted in interviews of the possibility of “QE4” if the economy began to show signs of regression. Williams, of course, has no say in the decision to reintroduce QE, but this did not matter to investors, who immediately latched onto the meaningless news like anxious children, and threw their money back into stocks again.
And, most recently, Japan's central bank announced a sudden and surprising re-ignition of stimulus measures to the tune of 80 Trillion Yen a year. This announcement, once again, sent global stocks skyrocketing, even though it was a stark admission by Japan's financial elite that all their inflationary printing efforts for the past several years have failed miserably. As I have warned in the past, when bad news becomes good news because bad news promises more central bank intervention, the economy is truly on the verge of a reckoning.
Hopefully, we can all see the trend taking place here. With the end of the Federal Reserve taper now complete, and questions circling as to when interest rates will be raised, a market volatility not seen since 2008-2009 is returning. The ONLY measure that has slowed the crash is the use of false news stories hinting at further stimulus, as well as futile efforts by other central banks to pick up where the Federal Reserve left off. This shows that the investment world is so thoroughly addicted to QE that even the mere hint of another small fix of their favorite drug is enough to get them out of bed and excited. They know that the entire system is rigged by central banks, and they don't care. In fact, they revel in it. The only goal of your average day trader now is to profit on the scam for as long as humanly possible, even though the ultimate conclusion of the scam will mean the utter destruction of their profits and the end of their way of life.
I hate to use a cinema analogy for a very real threat, but investors today remind me of Joe Pantoliano's character in 'The Matrix'; the guy who is fully aware that the Matrix is an illusion, but wants to experience the pleasure of the illusion all the same. So much so that he doesn't mind being exploited like a slave by the system, and is willing to sacrifice all measure of truth and even the future just to get a taste of the fantasy again.
But what is the reality that the central banks are trying to hide, and why? This I have written about in detail on literally hundreds of occasions, so I will only cover the very latest news briefly here, and why I think the overall dynamic is about to change for the worse.
Global exports, and thus consumer demand, are plunging. Germany, the only pillar left to prop up the failing European Union, has experienced a severe decline in exports not seen since 2009.
China, the largest exporter and importer in the world, and Chinese companies, have been caught in a number of instances using fraudulent invoices to artificially inflate their own export numbers, in some cases reporting 50% more exported goods than had actually existed.
China's manufacturing has also declined for the past five months, exposing the nature of its inflated export stats and indicating a global slowdown.
The Baltic Dry Index, a measure of global shipping rates for raw goods, and thus a measure of demand for shipping, continues to drag along near historic lows.
The U.S. consumer (the only economic asset the U.S. has besides the dollar's world reserve status), has seen declines in spending as well as wages.
In the meantime, long term jobless Americans continue to fall off welfare rolls by the millions, making unemployment numbers look good, but the overall future picture look terrible as participation rates dissolve into the ether of government statistics.
How is such poverty being hidden? Foodstamps. Plain and simple. Nearly 50 million Americans now subsist on food stamp programs today, and this number shows no signs of dropping. In states like Illinois, two people sign up for food assistance for every citizen that happens to find a job.
But this is all rudimentary. Most analysts in the Liberty Movement agree that our fiscal structure is on the edge of collapse; what they tend to bicker about is HOW and WHEN the structure will collapse.
Guessing market declines has been extremely difficult in the midst of a fiat soaked fiscal environment. Nothing is ever quite what it seems. My predictions of a 10% drop by the end of Summer were off by three weeks. Because of the nature of QE stimulus manipulation of the Dow, our only real guide has been the timeline of the Fed taper, and the fact that major banks have been relying on fed fiat to continually cycle capital into equities through the use of low interest loans to corporations and the stock buyback scam. Company buybacks have given steady boosts to the markets at least since 2008, and many corporations are using up to 50% of their “profits” just to continue buying their own stocks.
This strategy, however, is reaching a point of diminishing returns as many companies are issuing too much debt in the process. IBM is a perfect example of a company that has hit the ceiling on stock buybacks. This odd coordinated attempt by corporations and central banks to keep markets propped up even as companies sacrifice whatever debt stability they had left indicates a state of collusion between such institutions that goes far beyond the mere idea of "mutually assured greed". Since at least 2008, there has indeed been a "conspiracy" amongst banks and international companies to generate a massive stock bubble designed to keep the masses calm and placated. However, these groups understand, better than many give them credit for, that such measures will have to end, or be revealed.
With the taper finished and QE money drying up, it is important to ask a few questions. For example, how are companies going to continue to accumulate capital to dump into their own stocks if fed money is becoming scarce and consumer spending is in decline? And, if they can't continue stock buybacks because of a lack of funds or an overburden of debt, how are equities markets going to stay afloat?
And what about government debt? As it stands now, foreign interest in U.S. treasury bonds is waning. The vast majority of new bonds sold are short term. Until now, the Fed has been the primary buyer of long term debt, snapping up 10 year bonds from the market while other investors lose confidence in America's ability to pay off liabilities in the future. Now that QE is over, who is going to buy the ever expanding U.S. government debt? I aimed this question recently at a Fed cultist and his response was “Well...obviously somebody will buy it...”, though he couldn't specify.
The spike in short term debt purchases after the end of QE3 was also predictable, but it can only be sustained IF stocks begin to fall considerably yet again. Think about it; interest in U.S. debt has been on the decline for years, not just because foreign banks are shifting away from the dollar, but also because stocks have been a much more attractive investment with greater returns guaranteed by Fed QE. The taper announces a violent change in circumstances. The only way for interest in U.S. debt to be energized, even for a short time, is for stocks to crash, leaving bonds as the only safe haven left. I discussed this development in detail in my article 'The Final Swindle Of Private American Wealth Has Begun' at the beginning of this year. All other investment avenues seem to be in decline, from foreign markets and forex, to commodities like oil. Even gold and silver have taken a hit. For the average investor, if a route in stocks occurs, they will immediately jump into bonds. This plays into my theory on the coming financial end game, which I will be discussing in my next article.
Investor's are counting on an eventual QE4, but I think this might also be wishful thinking.
At the end of 2013, I predicted the Fed would indeed follow through with the taper of QE3, and that they would drastically reduce stimulus measures. I believe this is in preparation for a major implosion of U.S. markets in particular. The whole point of the taper is to support the illusion that the U.S. economy has recovered, and that the Fed has “accomplished its mission”. When a crash does take place, I think it will be ALLOWED to move freely and that new QE intervention will not be taken. I have no doubt this crash will be blamed on an outside force or act of fate (the ebola outbreak, which is doubling in cases every three weeks, is a perfect possible catalyst), and that banks will be absolved of all blame in the mainstream.
A coming crash is not only my personal view. It is important to note that behind the background noise of the recovery party, international bankers are sending a very different message about economic health.
On the same day as the Federal Reserve announced the end of QE3, former chairman Alan Greenspan gave a speech to the Council On Foreign Relations in which he lamented that the QE unwind would be painful, that stimulus measures had not achieved their goals in the past, and that gold might be a good investment today.
The International Monetary Fund and the ECB also released statements warning that “accommodative stimulus policies” could contribute to economic volatility. That is to say, stimulus might be setting the stage for fiscal instability. The IMF claims that “bold action” is required to “reset” the global system.
And, the ever present overlords at the Bank Of International Settlements have posted a stark warning about our financial future, predicting a “violent reversal” in markets. The last time the BIS made such a prediction was in the summer of 2007, just before the derivatives crash. But this is the M.O. of the central banks, to warn of coming calamity just before the event, but not long enough before the event to make any difference. They present themselves as prognosticators of economic future, but in reality, they are the instigators of every disaster they predict.
I do not know how the markets will react to the likely landslide "victory" by Republicans in mid-term elections (can one ever be "victorious" in a rigged contest?), but what I do know is that a Republican majority offers an even greater opportunity for further collapse. Negative movements in markets that have been obstructed through manipulation can now be unleashed and then blamed on "government gridlock", or the inability of conservatives to "compromise" fiscally. A Republican shift in government only offers more cover for a collapse that is slated to occur regardless.
I believe that the admissions of financial danger by internationalists, the sharp drop in stocks at the beginning of fall, the reversal of the political theater, and the fact that mainstream investors now recognize the illegitimacy of the markets yet continue with the scam anyway, signals the last gasp of the global economy. I expect increasing market instability from this point on, as well as numerous geopolitical distractions which will be blamed for the fiscal chaos. I have left out my explanation of the final end game so that I can cover it more fully in my next article. Needless to say, the coming storm is a deliberately engineered one, meant to achieve very specific goals, including a fearful and panicked populace, easy to manipulate as the system goes off the rails for the last time.
- 52478 reads
- Printer-friendly version
- Send to friend
- advertisements -


Permaculture
Kroller,
Here are a few things to google if you want to find the answers to your question. Try the Von Mises Institute, Anton Fekete, Friedrich Hayek, or just wiki Austrian Economics.
http://mises.org/etexts/austrian.asp is a good place to download free material and books.
I think the main immediate problems could be fixed easily if there were some way of taking down the banking mafia before they take themselves down (as they always do eventually unfortunately taking civilization with them). The question then becomes how can the banking mafia be taken down before it's too late? If no one can figure out a way of doing that we're ****ed.
Not at the last grasp. The global economy has 2 streams; the financial economy and the real economy. Both are diverging and shall move on their own forces.
Staid thinking of still a connect and causation. Arguably, both streams are on borrowed times and shall implode under their own weights with some spillovers. Not necessary that there are no legs in the financial paper economy.
Here's my take/rant:
Everyone one agrees that the government rarely tells us the truth. In the 90's they began to overestimate the reserves of oil that oil producing nations had. Hubbert predicted global 'peak oil' early in the 2000's. We reached 'peak oil' in 2005 - 2006, at which point shale oil fracking rescued us for, what most people agree, is only a few decades.
Peak oil spells ruin for our capitalistic economy. So It was sine qua non for the future of America that a major decline in global demand for oil occur. (We had to destroy American capitalism in order to save it.)
6 years after Lehman Bros., a major decline in the global demand for oil has occured. And to keep the price of oil up South Sudanese oil is off the market; a pipeline explosion in Saudi Arabia has reduced the supply a little more; wars in Libya, Iraq, and Syria, with ISIS selling stolen oil on the black market even more.
Keeping the price high with reduced demand. A nice trick by the tricksters.
What are the causes of our diminished demand?
A global triple-dip recession.
Middle-east terrorism.
Aggressive Russia, evil Putin and USSR redux.
The West shooting itself in the foot with anti-Russia sanctions.
My position is not only is there no glut of oil, but that there is a lot less than what we read about in the MSM.
We have lottery tickets of our ideas about what happened and why.
And now are waiting for the ping pong balls to come flying out of the cage to see who's right.
"(We had to destroy American capitalism in order to save it.)"
It wasn't destroyed it was offshored to China along with an even higher demand for oil.
In my opinion, the recent independent report on LENR / Cold Fusion, is what is driving oil & energy prices down and causing general market turmoil. Many people including a lot of internet commentators, wikipedia authors and some mainstream scientists believe LENR technology is a "scam". However, as soon as one digs deep and does a bit of homework on this, investigating who the authors of this report are and who funded it, who owns the technology and whether or not they will have done their due diligence, it becomes apparent that this can not possibly be a scam. It is real and it will hit the mainstream, soon. See here for an article covering this technology and its implications:
http://www.extremetech.com/extreme/191754-cold-fusion-reactor-verified-by-third-party-researchers-seems-to-have-1-million-times-the-energy-density-of-gasoline
See here for comments from the man who owns this technology:
http://www.bizjournals.com/triangle/blog/techflash/2014/10/raleigh-investor-darden-still-bullish-on.html?page=all
See here for an oil futures trader's perspective:
http://www.sifferkoll.se/sifferkoll/?p=443
Here is where you can read the report itself:
http://www.elforsk.se/Global/Omv%C3%A4rld_system/filer/LuganoReportSubmit.pdf
Here is where you can follow the latest news concerning this technology:
http://www.e-catworld.com/
The elforsk findings are very convincing. It's interesting to see that there has been some talk about (hot) fusion lately (skunkworks, ITER ...) but nothing on LENR so far in these mainstream media articles. And even after the latest test people a lot of people continue to claim it's a hoax, that Rossi is a fraud etc. It makes me think about the overall history of denial in the field of science and technology.
Here's a small transcript from a recent MIT video on LENR and the big science hot fusion projects:
0:47:00: It’s a very sophisticated device. (ITER) This is one of the pinnacles of modern science. So the statement that you can do what this machine does, in a test tube, without shielding and so forth, you can understand now the source of .. the issues, the scientific issues involved. Namely, if you can do it in a test tube, and you don’t need billions of dollars and many years of … and large instruments, than that makes a big difference. And the judgement of the scientific community is that it’s impossible to do it in a test tube. - MIT Cold Fusion IAP 2014 Monday January 27, 2014 - https://www.youtube.com/watch?v=f0aXShVzGNg&feature=youtu.be
Some more links:
http://www.globalbemvoices.com/videos/lectures/dr-david-nagel-a-new-work...
... the average power after the power jumped up, was twenty watts out for only three quarters of a Watt in, or the energy gain/power gain/average power gain … and the energy gain was a factor of twenty-seven. Now to put that into context, there is an experiment in the South of France called ITER … it’s taking over two decades and will cost over twenty billion dollars and it’s goal is to produce an energy gain of ten, where LENR has already shown energy gains substantially larger than that. But this is not recognized.
http://coldfusionnow.org/david-j-nagel-interview-on-cah-flow-lenr-global...
http://www.lenrnews.eu/about-nasa-research-are-cold-fusionlenr-planes-al...
http://www.e-catworld.com/2014/03/21/who-will-tell-the-great-secret-gues...
The potential of LENR for transmutation:
http://www.slideshare.net/lewisglarsen/lattice-energy-llc-lenr-transmuta...
I wonder when this news will finally be announced to the world, I can't imagine that this could be suppressed for much longer or that TPTB monopolise it, sell it at great cost. Like like oil, gas, nuclear, ITER and the lawrence livermoore lab projects would be good candidates for this, but LENR seems much simpler, more elegant to allow this, even though the physics behind it are very complex, Rossi and others are working hard to explain it.
Some great links there - thanks for sharing them.
Thanks to both you guys for the great links. Very interesting indeed!!
The crucial problem has never been the theoretical possibilities of creative alternatives, which may approach technological miracles!
WITHOUT A SERIES OF POLITICAL MIRACLES, EVERY ADVANCING TECHNOLOGY ENABLES THE ESTABLISHED SOCIAL PYRAMID SYSTEMS TO BECOME EVEN MORE CRIMINALLY INSANE. Every wonderful technology always has a flip side in the form of weapons. There actually are combined money/murder systems, in which the debt controls are backed by the death controls. Furthermore, any attempt to scale up any alternatives runs into the basic problem that we live in a MAD Money As Debt system, where the only way to finance things is by going deeper into debt, but we are already drowning in debts.
lets see what that GS scum Draghi is going to do today, beware the market usually goes mental on the press conference with WILD swings..unless he does nothing which is unlikely as it would waste the recent huge moves
BTW VISA up over 25% in the last two weeks. Visa, which is awarded an 8.1% weighting although its market cap is only 2.8% of the index.
up over $50 in that timeframe explains alot why the Dow has gone full retard
Take a number dude
"In almost every instance of market decline, financial news group Reuters has injected false rumors of more stimulus from the European Central Bank. This was also the case in October as markets began to crash. These rumors were later dashed by the Financial Times, but not before the mere mention of more fiat stimulus from any central bank sent stocks soaring yet again."
damn! someone noticed, too!
How about some "Occam's Razor"? Let's be frank. The "US stocks have to go up, up, up" interest group is... powerful
when stocks go up, "everything is fine". Up to the re-definition of deflation as "when stocks go down". Personally, I'll never forget when Bernanke defended himself by claiming "but the Russel 2000 went up!"
Personally, I do follow nearly every single press "event" of the ECB, and I have to say that lately there was a "bifurcated, two component" message in every one of them:
- what is happening, and there I have to say even Mario "Squid Caesar" Draghi is informing properly... if you want to understand the ECB's message
- what Uncle Sam's Stock Market wants to hear
Lately, I met an old friend that just visited the US, and he was a bit... disturbed by how - in his view - TV news anchors were constantly attacking Ms Merkel as "the Austerity Queen that kills the global economy"
meanwhile, here on ZH every second comment is about how the ECB is "printing", against... facts. like it's "magically shrinking" balance sheet
we will see. greetings from the "unknown continent", the eurozone
"Lately, I met an old friend that just visited the US, and he was a bit... disturbed by how - in his view - TV news anchors were constantly attacking Ms Merkel as "the Austerity Queen that kills the global economy"
The ECB is printing but not *enough* to support the dollar as much as the banking mafia want (by debasing the Euro faster than the dollar) so they sicced their media on the Germans who are the only thing holding the ECB back.
"Most analysts in the Liberty Movement agree that our fiscal structure is on the edge of collapse; what they tend to bicker about is HOW and WHEN the structure will collapse."
This is bound to be the case. There are probably 100 dominos standing up and wobbling in the global financial system right now. Any one of them could fall over at any moment and cause the rest to fall. It would be a superhuman who was able to predict which one would go first.
As to "WHEN", we all know how difficult it is to predict the timing of an event due to the complexity and huge amount of manipulation going on.
I'm with Brandon on this, we are on the edge of the mightiest collapse ever seen.
Get ready for it. It won't be pretty.
If there's one thing I've learned in the last four years from ZH is so far there's nothing to indicate the .01 are losing control outside of speculation.
A lot of water under the bridge since 2009 and the matrix is as lovely as ever.
People I know that have money and are making money see no end, however, those that are struggling to make ends meet see an end to the system as we know it. I have no idea how close we are to end or if there is an end, just know there are two opposing views. As a reader of ZH for years it does appear that the end is always around the corner.
i agree. Im worn out.
Fair comments. I also step back and look at the massive imbalances and dislocations existant in the global economy and wonder "when" Crash II (or Phase II as I call it - 2008 being Phase I) will begin.
I'm amazed it's not imploded already and maybe the manipulations and outright lies from govts about how well the recovery is going, can go on forever and a day.
My best guess is - as Brandon suggests in his article - that a very Major Reset will occur under cover of some other seemingly unrelated and unavoidable geopolitical, terrorism or health event.
I think that's what Western political elites are trying to engineer, so far without success. In this way they could retain power and control and not be swept away.
The end seems to be difficult to predict because it'll likely come as the result of an small uncontrolled change that goes exponential too fast for TBTB to implement damage control. Quite a few authors have put out lists of the potential culprits (think there's one article in the ZH que this morning, in fact), but the difficulty comes in trying to guess which one slides under the wire. I agree with your and Brandon's thoughts on it occurring under cover, and since the timing doesn't seem to be readily predictable I'm going to act as if it could happen today.
Additionally, the global nature of it all seems to be missed by many who are in the predicting business. I read recently that daily transactions within the US alone exceed $8 trillion. That's not savings or capital, just money changing hands daily between individuals, govt and business. With those kind of numbers what's $4 trillion over 6 years in Fed on-the-books purchases really mean? Not good, certainly, but I can't get my arms around the true meaning. The tipping point is in there somewhere, but because the scale of the problem has increased radically, the unfolding will differe from the past (even thought the results will not).
You can see it starting in Europe. The US is so big it's harder for the little people to get organized.
"...there's nothing to indicate the .01 are losing control outside of speculation."
Except that they've had to concede that QE has failed to achieve anything except ramp up the markets. No effect on the real economy.
I know. I've been telling everyone since about 2010 that the end is nigh. How long can it last or is there some crazy logic in what they're doing?
and all of it... planned, and executed. not ignorance, or stupidity.
this is central banking 101: expand expand expand, then contract. thats history.
P < P + I
I don't know. It certainly could be deliberate but I think it's a cycle of the banking mafia's blind short term greed constantly running up against simple arithmetic i.e. the banking mafia make money from debt and so are constantly pushing for debt saturation but the more debt people have to repay the less disposable income they have left over so the process inevitably leads to a crash and then restarts in a relentless battle betwen greed and artihmetic.
The last 3 Fed chairmen know full well they have struck the US economy a mortal blow with the massive QE programs turning their backs on most of the population. That is the reason for amnesty, to replace as much of the electorate as possible with those more ignorant who believe all their problems will vanish once they cross the border. Four trillion later, we have the same problems that will now be much harder to solve and will probably involve some blood letting somewhere in the economy. As for gold, 85 Billion per month saved will allow them to monkey hammer gold for leetseee about 10000 years. They do know that is imperitive to keeping their false fiat alive and well.
When gold goes into permanent backwardation, you'll know that the endgame in fiat has begun.
Lifeiswhatyoumakeit, thank you for those links.
I think you are correct. I have had the gut feeling that this technology has existed since Pons and Fleischman published in the 70's? At that time the findings and technology got squashed (probably by established energy companies so they could continue selling us their product while they start the process to figure out how to sell us the new infrastructure and energy, and of course extract the maximum value from existing stocks of hydrocarbons while they position themselves. By the way, back when Pons and Fleischman published their report, the experiment was replicated in Japan.
What a great essay on the very definition of our going "Mad".
Brandon unfortunately you hit this one out of the park!
They called the Enterprise a garbage scow!
My guess is that the people in control, at least of the West ( which for now probably includes the majority of the BRICS and middle east for now) will front run any changes that will occur and of course profit from them and consolidate power even more. One of their main concerns is population control. That is why the whole ebola thing is so worrying to me. As a vehicle to 'cull the herd', it seems perfect. They of course have the vaccine and are immune themselves.
I do believe amongst themselves there is strife, and they are not all monsters, there are moderating/somewhat sane persons amongst them.
I don't think they will let the situation get to the point of Armageddon, because they know that they can't risk a nuclear conflagration.
Since they are in control of the central banks ( most around the world) they will push fiat as long as they can and when the world populations begin to lose confidence in their currencies, they will temporarily re-value the PM's with the idea that they can then start the whole fractional reserve game over again. It is not likely that the Chinese leadership will try to link to gold in order to get reserve currency status, simply because they like their printing press as much as the other captured central banks. I do believe they are stacking though, knowing that the revaluation is coming.
The USA at this time serves mostly as a bread basket, military strong arm protection racket and financial wall street criminal value extraction mechanism, along with fore-front various technologies which include Monsanto type current and future control mechanisms to keep populations at least physically alive enough to do the masters bidding.
Obviously the elite is not beholden to any nation state.
It's all very complicated, and involved but the basis is easily understood when we as human beings are willing to look at ourselves and what our instincts are.
They hold true for everyone. Greed and fear. ' The weak are meat and the strong have to eat.'
Once in power and control, would you give it up? If you had a printing press would you give it up?
Treasuries are the most important thing since they allow the Empire to continue. A controlled demolition in stocks helps keep them alive. I thought this would be how it falls out. The Fed and DC will make a demonstration of willpower that "it can quit QE anytime". A sober addict is when things get truly crazy and they will get that way. Treasuries will be the safe haven and then more QE to pump up stocks. I guess this continues until we burn out. Good luck comrades.
While I agree that "the coming storm is a deliberately engineered one," I believe that our entire civilization has become criminally insane in ways whereby the ruling classes are losing control.
The optimism of the alleged "Liberty Movement" appears to me an indulgence in irrational hope. My view is that guys like Brandon Smith are very perceptive regarding the deeper levels of radical truths WITHIN human societies, but profoundly out of touch with more radical truths beyond human control. The criminal insanities of the ruling classes controlling other people with systems of lies backed up with violence have a tragic trajectory due their inherent flaw that the more "successful" social pyramid systems become WITHIN those human systems, the more there manifests runaway deliberate ignorance towards all greater FACTS OUTSIDE THOSE SYSTEMS.
yeah, who fucking cares?
just get long on usdjpy!!