TRIG, ultimately, the bag of tricks contains the unlimited debt card and the unlimited printing card.
the bond market is betting the unlimited debt card wins short term. the gold market is flipping the bird to currencies.
i think all this noise from central bankers about the rates staying low until the glaciers all melt is designed to get the bag holders in the market as the insiders (goldman sachs, jpmorgan, et al.) sell to them in advance of flashing the unlimited debt deflation card.
despite the wailings of the central bank about the dollar carry trade lasting through 2012, the market get a spike and is *immediately* sold off by someone - government sachs anyone?
they want the market high through xmas. after that, though, i think they want the markets down hard to free up another couple trillion from the public so they can send it over to the zombie banks and their god's work leaders to continue operating and to fund 2010 bonuses.
quite simple, really.
i think gold gets taken down, too, but not nearly as much as the overall market.
even obama is talking "double dip" now. he's too arrogant to be wrong about hyping a recovery, so he had to mention double dip to cover for when the banksters take down the market in Q1.
bernanke has no problem playing the idiot, but obama wants some cover.
then the *real* "stimulus" starts to kick in where they hand out printed debt money like candy. that move is the beginning of the end, imho. |
