Vegas is it, Volcker rule has been canceled.
The age of the machines is back, and crash birds
will have to wait until they run out of money - which
may be soon, or not. Depends on QE. If Ben keeps
the current game going, expect big inflation down the
road, but not yet. Most certainly, US standard of
living keeps deteriorating. The machines bought more time by
crashing the dollar, and they sure keep hoping Ben will
oblige, keep the game going, keep buying or placing
their people in the government.
The whole Ponzi scheme is just way too enormous and
global these days.
US needs some Tough Love economic medicine the IMF prescribed
to emering market countries and a strong effort in financial
system reform in particular. It's definitely missing. It
will be reformed, mind you, but I will have my way eventually,
that's how. The deciders are either too dumb or way too
corrupt, or both. Either way they can't get their asses
moving. -ng- |
