The Case Against Deflation (Hint: Buy Gold Early and Often)

The Seeds of Destruction

When you visualize Wizard of Oz-like global central banksters now trying to keep $200 trillion of global capital assets levitated, merely by using incremental bond buying programs, you realize just how ludicrous the globalized ponzi scheme has become. Worst of all, they have given corrupt governments a free pass to do nothing to fix the real economy...

"Aw fuck - not this again !!!"

Trending Now: Everything, Except What Matters...

It's all so sadly pathetic and predictable. As long as the Dow is making new highs, the Idiocracy at large never questions the status quo...

All Great Powers are Destroyed from Within

This latest earnings season starkly illustrates once again why "Supply Side Economics" (aka. Reaganomics) is a self-cannibalizing conspiracy of dunces. The fact that so many conservatives still venerate Reagan shows just how morally and intellectually bankrupt the conservative movement is at this point in time. These people are destroying their own country, yet they are too dunced to realize it. History will not pull any punches on these greed addled morons...

This Time Won't Be Different 2.0

Last week, I said that those who were telling us that there were no signs of "froth" in the markets were closing their eyes to all signs of a new bubble. Let's check in on the lovelies to see what happened in the last week...

They Don't Ring A Bell At The Top

Life Inside The Bubble

[Updated: May 14th, 2013]

This is the third and last monetary stimulus fueled bubble. Unlike the last two credit bubbles, this time, no one can point to any ubiquitous signs of  "excess".  That's because the prevailing consumption-oriented lifestyle is the excess - our presumed way of life is the final bubble. To believe in the status quo is to assume that we can borrow from Third World wage slaves indefinitely. The unmistakable indicator of unsustainability is that each bubble has required a vastly greater amount of monetary stimulus than the previous one - which only drives asset speculation rather than sustainable economic growth. The majority can't see the bubble, because they are living in it...

You Can't Fool All The People Every Time

It doesn't seem that long ago that everyone was worried about the big end of year "event". Fortunately, the Fed eased monetary policy massively to placate the markets. And of course when December 31st rolled around and the world didn't end and the economy didn't fall off a cliff as expected,  January came and stocks took off...

Thinking the Unimaginable

I just showed a Twitter post from Pimpco saying that there are two scenarios on the table - bad and worse...

The Needle And The Damage Done

The Fed just signalled that it will keep mainlining monetary heroin into the dying junky some people euphemistically call the "economy" -  until such time as it bounds back to vigorous health - or dies of a heart attack, whichever comes first...