6/18/2014
A rant to offend, enlighten or amuse...pay no attention to that man behind the curtain.
What if...
What if...
Lets say the equity markets are flying
because of the never before seen amounts of funny money printed by
the FED while inflation is somehow being kept in check**.
There have been times in history when
funny money printing got to incredible levels but those times have
always resulted in devaluation of the base currency and inflation of
everything else – resulting in financial doom for the country or
countries doing it.
So why is this time different?
Because the current administration, the
current legislative power brokers and the main stream media says “it's
different this time”.
We are experiencing an Orwellian double-speak world, where bad news becomes good news...facts** become false if they go against the narrative and nobody is blamed or are held accountable for anything (except for bitter-clingers and Bush...it's still Bush's fault, lest we forget).
We are experiencing an Orwellian double-speak world, where bad news becomes good news...facts** become false if they go against the narrative and nobody is blamed or are held accountable for anything (except for bitter-clingers and Bush...it's still Bush's fault, lest we forget).
Take today's FED speak as reported by
Reuters – they are reporting that the markets are now
embracing the potential for future tapering as “good news” where
as any hint of tapering 6 to 12 months ago would have put the markets
into a tail spin (actually, the markets went into a tailspin last
year into January, until the FED back-talked or “re-explained”
what they meant)... also reported in the article - future projected
economic growth was lowered from 3% to around 2% - even more “good
news”.
**The supposedly non-partisan Office of
Budget Management's reports are being ignored by the government that
created it...unsustainable Welfare, Medicare, O-Healthcare and Social
Security programs are not inflationary and are not a problem
friends...NSA snooping is good for you, can't you see? And forget
about the Veterans Administration problems, the border crisis and the
IRS scandals...nothing to see here, move along...Benghazi and rest of the mess in the
Middle East should be ignored...Putin's aggressive Russia and China's
ambitions are of no consequence ...etc. etc. etc.
“We've got the whole scene covered”
says both sides in Washington...(we all belong to the government,
don't you know?)...don't worry, be happy, sign up today.
Americans have become pathetically
apathetic, not believing in anything we used to because it wasn't
fair B-efore O-bama...Yes, it seems a reality for those with
only a cursory view of history that it will all end badly.
Unless we are on the brink of an event
like the Industrial Revolution of previous centuries
Now that's an off the wall idea for you.
Here's another :
Now that's an off the wall idea for you.
Here's another :
The markets are flying in anticipation
that the coming elections will change all of the above.
ALL THAT MONEY WILL FINALLY HAVE TO BE
PUT TO PRODUCTIVE USE
Expectations that a new government will
be just as right-leaning as the current one is left-leaning is what's driving equity prices higher. Gone
will be the restrictive, anti-capitalist agenda and a new free market
path will emerge with a major league increase in new companies and
new business formations that will exploit the world's proletariat
once again – providing massive employment gains with the attendant
disposable income for the middle and lower classes, including the
cheap “undocumented” labor pool, you know, those that will do the
jobs that Americans refuse to do.
Am I a racist if I paraphrase Dr.
Martin Luther King?
I still have a dream...in America's manifest destiny.
I still have a dream...in America's manifest destiny.
