The Rats Are Cornered

Thursday, July 8, 2010
By Paul Martin

From Mike Krieger, former macro analyst of Bernstein Research, and currently of KAM LP

ZeroHedge.com
07/08/2010

Back from the Road

I have just come back from a 40 day road trip across the United States of America. It was without a doubt the single best experience of my life on every level imaginable. I recognize how hard such a trip is for most people given individual circumstances but at some point in life if possible I would highly recommend doing something similar. It was a total game changer for me.

I started Memorial Day weekend and went from NYC to Philadelphia, Pennsylvania then on to Alexandria, Virginia; Bedford, Virginia; Asheville, North Carolina; Nashville, Tennessee; Memphis, Tennessee; Clarksdale, Mississippi; Shreveport, Louisiana (not recommended unless you live on the East Texas border and have a gambling problem); Dallas, Texas; Sweetwater, Texas; Alamogordo, New Mexico (White Sands); Santa Fe, New Mexico; The Grand Canyon; Sedona, Arizona; Las Vegas, Nevada; Mt. Zion National Park, Utah (where my brother got married); Bryce Canyon National Park, Utah; Salt Lake City, Utah; Jackson, Wyoming (Grand Teton National Park); Yellowstone National Park, Wyoming; Bozeman, Montana; Mt. Rushmore/The Badlands, South Dakota; Omaha, Nebraska (home of the sellout and recent propaganda mouthpiece Warren Buffett); Indianapolis, Indiana; Harrisburg, Pennsylvania; Montauk, New York.

For a kid that grew up in Manhattan this was almost too much to handle, but in a profoundly positive way. The communion with nature, the amazing conversations with random people in far off places about the things I write about in these emails and the new friends I made. To the new people on this list that I met along the way, thanks for being a very important part of this trip which will forever hold a powerful grip on me. Now onto the other stuff…

The Rats are Cornered

This email will be pretty brief as I am still getting used to getting back to the fake world. Although I did work a little every day and kept up with the major news both financial and otherwise I am certainly behind on the details. This is how I would summarize what has gone on and where we are headed. The stimulus and gimmicks initiated by a desperate political class prodded on by our Keynesian witch-doctors Summers and Geithner ran their course and at the end of that road was a massive pile of debt, chronic unemployment, a populace that doesn’t believe or trust anything the government says or does and a housing market set to resume its downward spiral. So basically the forces of deflation have taken over once again. Banana Ben Bernanke knows it and he knows what he wants to do about it. He wants to print so much money it would make your head spin. He wants to drop nuclear bombs of QE2 all over this great land. That is his answer to everything. The man is 100% insane according to Einstein’s definition. I quote: “The definition of insanity is doing the same thing over and over again and expecting different results.”

The Rest…HERE

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