Jim. The real question I ask myself, as a guy hustling the
dude on the other side of my trades, to make a living isn't about any attempt to rectify.
The ruling elite is way past to the point of no return AFA as that goes. Reagan had a chance, perhaps the last great chance, to take a serious crack at it had he declared a state of economic emergency when he took office in 1980. But that's water over the damn.
What as certain to me as the sun rising tomorrow is that we continue with increasing desperate attempts to cure the cancer with a few Motrin, putting more and more make-up on the failing patient, and spinning the result so fast in the carefully controlled mass media, most of the populace won't be able to make out what it is they're looking at till it falls on them!!
Specifically, I've posted repeated that I think Czar Greensputin his already taken a major step further into the mold of command and control economics with the support of the usual suspect CBs in entering the Tsy Bond markets either via futures purchases and/or new derivatives structures implemented via the merchant and investment banking members of the PPT.
Then, some months (or a year or two) down the road? Capital controls (i.e. draconian legislation to prohibit export of capital) And, currency exchange controls.
But rectify or attempt correct these imbalance via the market mechanism which would entail a major global recession now, massive BKs and very high unemployment? Not a chance, IMO.
The entire power structure has been dead set against such a thing happening on THEIR WATCH for several decades at the very least. The whole game plan has been - and will continue to be - delay, delay.
Sure, the pain will be vastly greater and the American Commercial/Military Empire will likely collapse when this mass of decaying flesh known as the body politic finally falls apart completely. But, such are the things that super cycles are made of. History has shown us that more times than anyone can count.
Boy, am I cheery tonight or what?!<lol>
It's a lot more fun to talk about making money on the grand scale and then....
DO IT, while we can.
In fact, these kinds of crisis periods can provide the opportunities of a life time to do exactly that.
Isopatch |
