<< guess Shrub and Co can't afford a 5% decline for the equity
indexes, but the buck dropped a lot this year>>i agreed with !!!! points when Russell wrote this in early October,2007.
ww2.dowtheoryletters.com
<<I finished the Greenspan book. In closing I want to say a few words about past Fed chief Alan Greenspan. I firmly believe that history will see this little egotistical pip-squeak as one of the premier disasters in US history. In my opinion, Greenspan is the ultimate "Mr. Inflation." Greenspan almost single-handedly set the world on the high-liquidity, super-inflation path, all the while saying or thinking that the Fed was acting "as if" the dollar was backed by gold.
What's so disgusting is that Greenspan traded all his earlier ideals for power and ego. Greenspan never did anything that required real courage. Greenspan was the total political animal. His legacy will decline as the years go by.
The saddest thing is that Greenspn leaves poor new Fed Chief Bernanke in an untenable situation. In a US so dependent on high inflation and massive liquidity, Bernanke has no choince but to "inflate or die." In a normal situation, the US could take a recession and take the correction. Not now -- with the US depending so heavily on inflation and massive liquidity, any substantial contraction in the money supply would bring the US economy to its knees. >>
This led me to my writing A RANT ON RANT ON, post:)
A FWIW Rant:written 12/5/2007
***Dangerous Dogs Protecting a Paper House***
***********************************************************
You know me,so let's get extreme:).This is all big power from within U.S manipulation( with countries like Saudi Arabia doing all they can to help.) There is NOTHING to justify this rally today(12/5).
But many seem UTTERLY opposed to consider the U.S. itself pumps up futures as a matter on WH/NSA policy, and do so far far more often than you think(and have been doing so since the Homeland Security Act gave them the power to do so, and to do so in a Top Secret status)
As i have said i have a 48 page research paper one can download from the net, but i have determined to never give the link again as people obliviously do NOT read it--aaargh!:)
Does one think the ability of this market to levitate against the forces of gravity since July 2006 (at the time Iraq started to fall into utter into an utterly Hellish Chaos) has NOTHING to do with systemic U.S. government manipulation on basis of Natioanl Security evaluation that we are in an emergency and that the U.S. Stock Market MUST not go into a Bear Market?
Why so many utterly reject this view of mine and some others, i will never know.
It should be evident the U.S. would be hurt severely by a major sell-off.
As Richard Russell says, a major market sell-off would ANNIHILATE the U.S. Economy.
That U.S. Policy(starting with Greenspan) has made the U.S. utterly dependent on the stock market that they will do anything to hold it up now that it is TOO LATE to fix what Greenspan has done.
We have reversed Keynes, who warned a stock market MUST be based on its economy and NEVER the economy based on its stock market.
Well we have that now and U.S.powers KNOW THIS and KNOW the consequences if they lose control of the market.
Jim Rodgers has stated the difference between China and U.S. is, if our stock market dropped 30+% our economy DIES, but if China stock market dropped 50% , they would STILL have a strong economy..
The boys at the top KNOW THIS.
54% of U.S.households depend on the stock market NOW when in 1982 ONLY 5% depended on the stock market, a 500% increase.
Our sociey was NEVER meant to ever have its fate based on the stock market, but the fact is, it NOW is--it is now our Heel of Achilles.(And it is INEVITABLE that at some point an arrow will penetrate that Heel, and this Dying Empire WILL go DOWN, and down hard--thank you Mr.Greenspan and your legacy, the trap you set--like sure!
We are now but an Empire of but two essential components that of Vicious Militarism Unlimited and Paper Unlimited.
We are now such a dangerous country as we NOW need the world to be terrorized of us so they will ignore that fact we are otherwise an Empire based on PAPER.
We are not, however, a Paper Tiger, instead we are Militarily trained to kill DOBERMANS protecting THE PAPER of our society that is built on paper or as i titled Dangerous Dogs Protecting a Paper House
China could destroy our economy in a week of selling what they own of out treasuries, do you actually think that behind closed doors the U.S. has NOT directly stated to China that they would view such action as an act of war against the U.S and would respond proceed accordingly? Does one actually think the U.S. has NOT made this clear to China?????????????????
Of course we have done this. Max90, over and out. |
