The State of the World in One Horrifying Chart

Saturday, July 12, 2014
By Paul Martin

By Andrew Hoffman
Friday, 11 July 2014

All-time high stock valuations – caused by Central banks covertly buying half the world’s equities. All-time low yields, caused by Central banks covertly (and overtly) monetizing every toxic bond imaginable. Housing bubbles galore, caused by Central banks printing money and handing it to Wall Street. Record low market volatility, caused by Central banks not allowing weakness. Record Rolls Royce sales, whilst Wal-Mart sales plunge and social unrest abounds. Record real inflation, plunging real income, and bottomless real unemployment, whilst government propaganda trumpets “recovery.” And last but not least, a raging, irreversible global currency war, with billions of people in utter rebellion against a “reserve currency” they know has been so abused, it has brought the world to its breaking point. What could possibly go wrong?

Two words – Espirito Santo!

It’s Thursday morning, and as I prepare to embark for Freedom Fest in Las Vegas, Europe is collapsing anew – just as the Miles Franklin Blog has anticipated since Draghi gave it a “stay of execution” by promising to do “whatever it takes” exactly two years ago. Unfortunately, printing trillions of dollars – both overtly, and covertly via Federal Reserve swaps that channel capital into insolvent banks “off balance sheet” – has done NOTHING to improve the economy; but instead, has accelerated real inflation, and collapsed the global economy further. This morning’s news that Japanese machine orders plunged by a record 20% in May alone; followed by abysmal Chinese trade data, and horrific European industrial production reports, puts any remaining hope of the “recovery” that never was to rest. And now that the banking system is again being exposed for what it is – i.e., completely and utterly insolvent – the odds that “the big one” has commenced are sky high. Not to mention, that Jim Sinclair’s expectation of $2,000-$3,500 gold by year-end just may be achieved – and with it, the end of the world as we have known it.

The Rest…HERE

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