Goldman’s Head Chopping A Warning Its Time to Bury the Corpse of the USEconomy
SilverDoctors.com
June 6, 2016
If Wall Street is chopping heads, it means that not only has economic activity ground to halt, but the crystal ball perma-bull forecasters deep inside the banks do not see any hope of renewed business activity in near to intermediate future.
Banks like Goldman will do anything to stir up financing activity.
If financing activity can’t be jolted from the corpse, then it’s time to bury the corpse and get rid of the grave-diggers…
Submitted by PM Fund Manager Dave Kranzler:
That [the unchecked market intervention by the Fed] will never change, Bill. Here’s what will happen: 99.5% of the public will NEVER believe that gold is the solution and they don’t even care if it’s manipulated. But when the point in time occurs when it becomes obvious to most that they have to have gold to stay afloat, it will be too late. There will be LOOONG lines around the block at coin shops. People in the front of the line will be able to sell some of their gold and silver to people in the back of the line for DOUBLE the price they just paid. It will be similar to the Weimar Republic when someone would order a cup of coffee, drink it, order another one and the 2nd cup was twice as expensive as the first. That day may not be far off. – my email exchange with Bill “Midas” Murphy of Lemetropole Cafe
If it’s not obvious to anyone by now, then those “anyone’s” are not following the news. All private-sector sourced economic data is showing an economic collapse in progress. The exiting home sales data is not private – it’s quasi-Government because the statistical seasonal “adjustments” programs used by the National Association of Realtors is the same algorithm used by Government statistical magicians.
The Rest…HERE
