Will be interesting. Seems the "powers that be" are showing all their cards (most came from up their sleeve I surmise), yet those cards seem pretty positive -- lower inflation, drop in energy prices, internet profits soaring, tech spending rising. Why I even saw in TIME magazine that the social security fund won't run out of money until something like 2045, which the administration claims is a much longer projection than in 1994/95 due to an improving economy. Seems they are painting a very rosy picture for trying to get people on the side of letting social security money flow to the stock market -- you know, the place where "no matter how negative the talk by moronic bears or goldbugs", and "no matter how much debt is in the system", everyone will ALWAYS earn 10% over the long term. Always have. Always will. "Always" of course being defined to include about 1985-2000, without which, the average would be pathetically short of 10%.
Perhaps logic has NO play in all this economic talk. Perhaps bears take way too simplistic a view, and the administration and wallstreet are much more sophisticated than we give them credit for, and they have a complex formula and plan all worked out to make that one chart I tend to focus on meaningless and obsolete. You know, the one that shows debt from 1900 to the present and how it goes ever so slowly up for the first 95% of that time span and then looks like a rocket launch in the past few, short years. Just coincidence that it coincides with a country that began worshipping entertainment, paying music, acting, and sporting figures ridiculous amounts of money. That CEO pay, for those running wallstreet and supporting our politicians, has likewise risen to unbelievable and unnecessary amounts (unless you truly believe yourself to be royalty and a much higher species than 99% of all other humans). That it coincides with political corruptness and coordinated efforts with the "fed" and wallstreet.
Yes, the sheeple don't care and the manipulating "elite" are taking advantage of that. More people vote for "American Idol" than the President. Does anyone honestly doubt that 99% of these "voters" cannot be steered to believe and put whatever valueless dollars they have toward whatever project or "investment" or new "I gotta have one" thing the money printers want them to?
Props to Larry Krudlow. He continues to say, "We have it all covered, and our reality is that we will live like kings until we die, and there's not a damn thing you 'realists' can do about it. We've won, so you might as well sell your gold and buy some GOOGLE at a PE of 500 because PE doesn't matter in a manipulated and controlled financial world where the manipulators control the money of the masses with their permission," and he may just be right. But then again, do pigs really fly yet?
I remain,
SOROS |
