A lot of red on the screen last Thursday. The latest inflation readings were worse than expected. The Dow dropped 500 points. Remember, we’re only in the very first stage of what we believe will be a multistage disaster.
A New Gold Standard?
Without the discipline of real money, wickedness and fraud are impossible to control. And here comes more fake money…
‘I, Bernanke’
What’s great about the US is that anyone can grow up to be president…or win a Nobel Prize. Donald Trump proved the first point. Now, Ben Bernanke has proved the second.
Gilty Finking
Yes, dear reader, it’s a YODO world now. Investors are realising that when they are dead, they are dead forever — no Fed voodoo to raise them from the grave. And it’s the first time for most of them. No chance to practice. No opportunity to learn.
Price Increases? Prohibited!
The Fed and its member banks funded the federal government by expanding the money supply, lending out newly created dollars — especially to the US Government. GDP growth slowed. But debt growth sped up. In 1980, US debt was still less than US$1 trillion. Now, it is US$31 trillion…and growing fast.
Bubble, Bubble Toil, and Trouble
YODO…you only die once. Print it out. Put it on your refrigerator.
The great bubble distorted markets. It distorted the economy. It distorted politics and government. It distorted everything. It bent spoons. It curdled milk. And it left people with eternal truths that weren’t true for one minute.
It’s YODO Time!
The world is still the same…humans haven’t changed; we are as dumb and as credulous as ever. But new market conditions require a new anthem. So, we introduce: YODO — you only die once. Today, we explain why this is a YODO market, not a YOLO market.
U-Turn Ahead?
‘Disruptive monetary policy’? That’s what the Bloomberg team calls the Fed’s attempt to get back to normal. The elite were having such a good time pumping fake money and credit into the system. And then…someone comes along to ‘disrupt’ the party. They don’t like it.
A Jolly Mess
Last week was a jolly mess. Someone blew up the world’s most important gas pipeline. The Dow closed out the worst September in 20 years. The Bank of England (BoE) looked normalcy in the face — and panicked. Inflation rose. And a storm swamped much of Florida. ‘Get used to it’, said the climate alarmists; it’s the new normal.
Woe to the Rich!
Now the Fed is no longer pumping in liquidity…the tide is receding…and the yachts are sinking. Bloomberg tells us that US$57 trillion has been lost — in stock and bond values — so far this year
