Peak Economic Delusion Signals Coming Crisis
Brandon Smith
Alt-Market.com
Wednesday, 14 June 2017
In my article ‘The Trump Collapse Scapegoat Narrative Has Now Been Launched’, I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the “Comey memos”, which likely do not exist.
My position according to Trump’s behavior and cabinet selection is that he is aware of this agenda and is playing along. That said, there is another important issue to consider – the participation of the ignorant in helping the Ponzi con-game continue.
There is a famous investor’s anecdote from Joe Kennedy, the father of John F. Kennedy, about the onset of the Great Depression – he relates that one day, just before the crash of 1929, a shoe shine boy tried to give him stock tips. He realized at that moment that when the shoe shiner is offering market tips the market is too popular for its own good. He cashed out of the market and avoided the crash that many people now wrongly assume was the “cause” of the Great Depression.
I don’t know that this story is true, but if it is, it is an interesting example of peak economic delusion. We do not have quite the same investment environment as existed in those days. Today, algorithmic computers dominate the functions of the stock market, chasing headlines and each other, but this does not and will not save the economy from another depression. In fact, all they have done along with substantial aid from central banks is artificially elevate equities while every other fiscal indicator implodes.
But this farce in stocks could not succeed for so many years without help. I would say the real “shoe shine boys” of our era are actually the dullards in the mainstream financial media, stabbing in the dark and desperate to believe that the astonishing “recovery” since 2009 is real.
This attitude is evident in a recent article published by Bloomberg titled ‘Prophets Of Doom With Too Much Gloom’. The piece focuses not on alternative analysts like myself which are usually targeted with the mentally lazy “doom and gloom” label by the MSM. Rather, the targets are “big names” in the investment world who now finally agree with what alternative analysts have been saying for some time. Names like Bill Gross and Paul Singer.
Bloomberg laments the sudden tide of negative predictions for their beloved Dow Jones and other exchanges from people who have the ear of the larger mainstream. Instead of considering their warnings and looking at the available evidence, Bloomberg instead decides to craft a conspiracy theory in which bond traders and hedge fund managers like Gross and Singer feel jilted by the unnatural rise in stocks and now scheme to lure investors away from the infinite fountain of wealth. Yes, that’s right, Bloomberg accuses Gross and Singer of “stock envy”.
I say, Bloomberg is a modern day shoe shine boy.
The Rest…HERE
