OK now, I’m not a monetary scientist nor am I an economist in the classical sense; however, unless the FED can somehow consort with the other foreign Central Banks to have them indefinitely continue to use US IRREDEEMABLE DEBT as the vehicle to extinguish their own deep financial and economic debt, I’d say their game has all but ended. If anyone wants to bet they can pull that one off just be sure to keep enough cab fare for the ride home.
The US dollar now on life support, powered by the bull speculation in bonds, can look forward to nothing more than a future of prolonged agony.
However, since it does not appear, at this point, that the bond speculators are ready to “cut and run” this dollar agony may have a more sustained torture period than even I originally thought, prior to its eventual “beheading”
The “Grapes of Wrath” are ripening in America my friends and do not imagine for a moment that an Obama will have any impact whatsoever on the final outcome. He, like all who ran before him, is just another disciple of the Keynesian School of Economics where CAPITAL is nothing more than WINDOW DRESSING. In that world smart guys don’t need capital and the even smarter ones can milk previously accumulated capital (hear yours and mine) for their own purposes. If any of you need one of these really smart guys to confirm what I’m saying here, just give MADOFF a call.
Unfortunately this ugly script will have to be played out to its bitter end. There will be no tabula rasa (clean slate) after inauguration day. The PIGS will continue to run ANIMAL FARM.
Their monetary policies have always been to pick the trees bare of fruit, sweep the barns empty of grain and empty all cupboards of everything including the jars.
It’s no wonder the countdown to their “end of days” is ON.
And when in the future
They begin to hear
The distant rumbling roar
I’m sure they’ll wish
It was ancient Rome
At the siege of Attila’s hoard.
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