Mission Impossible

Monday, July 29, 2013
By Paul Martin

Monday, 29 July 2013

Ethan Hawk is not one to avoid danger, but he would never take this mission. He wouldn’t take it because it’s impossible. Because no matter how clever or how many gadgets he employs it won’t be enough. The job is too complex and formidable – too big even for the most optimistic of thinkers. What job am I talking about? Saving the human race. A mission to Mars. Getting the sociopaths in charge of ‘the system’ to do the right thing. Of course not. Only one of those things is possible. No, I am referring to saving our economy of course, because that’s what I write about; that and the financial markets. It’s the economy, and in turn, financial markets that are impossible, with most people either in denial about it or gaming them, or both – making the prognosis terminal.

And along this line then, in case you have not been following current events, things are unraveling rapidly around the world, which is becoming increasingly difficult to hide. This is certainly already the case in Europe; China’s manufacturing engine is only running on three cylinders; emerging market economies and markets are collapsing; and even though the status quo will never admit it, even the great US of A is crumbling from within, which will be evident to all sooner rather than later. The positively spun, but fraudulent, Employment Report for June is just the latest chapter in the establishments bullshit (BS) story that the ‘economy is strong’ in America, allowing for stocks, the dollar(s), and demand for debt (even though rates are rising) to keep rising.

The most profound consequence of all this has been to embolden the delusional into actually believing their own BS, with Bernanke apparently at the top of the list, not considering the unintended consequences of stringent policies applied to a completely hollowed out economy. What will happen eventually is both the BS stories and mechanisms by which the bureaucracy’s price managers keep the system going will meet reality (fiction and fraud will meet reality), and house of cards will come down. This is why Ethan would never take this job – because he’s ‘plugged in’ and is not falling for the BS. What he’s doing instead is buying gold and silver bullion and not telling anybody. True, this is not the ‘American way’, but who’s to say a bunch of the bureaucrats, politicians, and bankers that are screwing us aren’t doing exactly the same thing.

Because even the idiots in the belfries that have not had their own bells rung to the point they can’t think anymore know at some point the BS is not going to be enough to save their BS jobs, BS economy, and BS markets – which will leave those wishing to preserve their wealth with only one logical alternative – and that’s precious metals. What’s more, it will come fast when its happening and catch most people off guard with everything from crashing stocks, to bail-ins, to increasing violence of every variety. Because you can’t have decades of serial bubble blowing, with bonds the latest example, and not have something very nasty happen at some point no matter what central banks attempt to do in avoiding the inevitable. And just about everybody reading this article knows what that means these days, that being printing money – lots of money while at the same time having you believe the opposite.

The Rest…HERE

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