You really have to wonder how it is that so much is going on all around us yet almost nothing is being reported by the mainstream press. I know it is hard to do, but imagine yourself 20 or 30 years ago, could what is currently happening ever be “slept through” as it is today? Could markets have just snoozed it off as if nothing bad “could” happen?
For example, the U.S. economy is in another recession. The 1st quarter GDP was revised to show a decline of -.7%. Do you know why the number was not worse? Because the BLS used as a very “special” assumption, a NEGATIVE inflation rate, if they used just a 1% inflation rate, GDP would have reported negative 2% plus! But wait, the funny part is this, the Fed at the same time is again bringing up tightening interest rates. Again, imagining yourself 20-30 years ago, the speculation would be “when will the Fed begin to loosen” …and here is one of your problems, the Fed CANNOT do ANYTHING to turn up the economy. The Fed has fired all its bullets and cannot loosen further. Yes they can start up another QE (the opposite of what they are taking about now) but I believe even they fear the reaction this time around. What would they do if the selling pressure increased on the announcement of another QE? Can’t happen you say? I hope you’re right!
The Chinese stock market took an 11% nosedive over the last two days of the past week, did you hear about this? Is it “unimportant”? Or how about COMEX having 26 tons of gold standing for June delivery with only 11 tons currently on hand? You probably didn’t hear about this one because they will just cash “settle” (they have already begun as 2,800 contracts “disappeared” last night), nothing to see here, move along. How about David Cameron promising an “in or out” referendum pertaining to the British and the EU? Or the right wing in France demanding a similar referendum? Probably not important enough either?
Or how about this list; Goldman warns “too much debt” threatens the world economy… China places artillery on disputed South Sea islands… Margin debt 50% higher than last peak… Russia backs alternative to SWIFT… 5 billion euro bank run in Greece … or just plain old Greece? Even worse than all of these pieces of “real news” that didn’t make the news, did you hear about Yemen? Or more specifically a (or several) nukes were lit up? Yes, nuke(s) went off in Yemen late last week and the press (yawn) decided it wasn’t “newsworthy”.
Shifting gears just a bit, I want to bring up a topic I have not seen anyone even talk about. Do you remember last November when Congress, the Senate in particular was “shaken up”? “We” (the American people) threw the bums out! I can remember it vividly, Congress would now be able to hamstring a president running roughshod over the Constitution. I thought it might be a glimmer of hope …I thought WRONG! Has anything been done to reverse or retard Obamacare? The answer of course is no, nothing. I ask you this, what exactly did we get for our votes to evict the “bums”?… …How about Loretta Lynch! How did she get confirmed as Attorney General? As Ted Cruz said, “she looked Senators in the eye and told us she intends to disregard the law” . I ask, was there even a purpose to the last election? Or better yet, once the financial system comes down and social unrest unleashes martial law, was that our LAST election?
I am not kidding here folks, the rule of law is gone in the U.S., our financial system is a totally rigged sham and people believe they are “wealthy”… are they really ? W e have zero press left to hold anyone’s feet to the fire or accountable for anything. More people now “take” than “pay” and we are so broke as a nation we can’t even afford to pay attention! What could possibly go wrong? The worst thing of all is if you were to bring up even one of the above “cluster bombs” at a summer BBQ, it is YOU who are the nutcase! Our Forefathers are in tears.
Regards, Bill Holter
“Did you hear about this?”
Something you and your readers may be interested in Bill.
So true Bill. We are the nutcases until, suddenly, we’re not the nutcases. As Charles McKay famously said, “Men go mad in herds quickly, and only recover their senses slowly, and one by one.” Alas, that is where WE stand. Usually a lonely place; but no place I’d rather be. Cheers!
10-4, you’re in good company!
From what BHO has been saying the last several days makes me think the BHO shit bubble is almost ready to BURST.
just try not to track it into your house!
It’s just sad the state that our nation is in. Never thought I would see it in this big of a mess and it isn’t reversable in my opinion.
Thank you again, for your update.
very welcome Farrell.
Bill- You’re the first person I’ve found that has publically brought to light the idea that civil unrest is being promoted in order to eventually declare marshal law, and with it, suspension of the Constitution- INCLUDING withholding FUTURE NATIONAL ELECTIONS!
You are not alone in your idea, as I had said the same thing right after the 2008 elections, and I stand by it today. Community organizers do 1 thing- stir up the mob for violence. Our “Head organizer” is very committed and skilled at the job he was trained for since he was a little boy. May the Lord help us!
yes, and even those whom don’t believe in him!
Bill- Sorry- I meant to say, “May the Lord help us ALL- even the “Head Organizer”!
my head is already “organized”, don’t need his help.
Bill one word stands out for me – Legacy! what have we all done to our future generations. Years from now we will cast us the “Mad, Insane, Greedy, and probably the worst – Non Righteous!
Makes me sick to my stomach Just to think about it.
As regards telling people, let me put it this way, I’M OK! refer to my comments above. Sad so sad!
yes, “we” did it.
Bill , Rick Ackerman out with a $817 call on gold.
I guess I should wait for the lower price.
it’s your choice …
Where the heck do these geniuses come up with these numbers/price targets, is this particular genius using the same crystal ball that Harry Dent uses?
WTF, Greece is about to default, likely within June – for real this time – setting off the long-awaited, global, financial meltdown, but HEY! Paper/COMEX gold is now going lower, so says this particular technical analyst/fortune teller.
We are now entering the most critical and dangerous time in this financial endgame. All these clowns will probably continue with keeping their eyes glued to their computer screens, using their cleverly designed “can’t lose”, latest, most sophisticated, “patented”, prognosticating, trading programs until the very moment it (worthless financial paper instruments and/or digits on a screen) all goes POOF, potentially within a matter of hours to minutes! But, we, supposedly unsophisticated holders of actual physical gold/silver, will still possess the only remaining real money that is truly the most pure, tangible wealth in existence. Then, the difference will be that it will have become invaluable from the transfer of all those trillions of dollars of disappeared paper “wealth” squeezed into the tiny physical markets of gold and silver.
But, like Bill said “it’s your choice”.