The main indexes have been on a tear since the S&P hit the occult 666 bottom back on March 9, 2009.
While the bribed by 8 million retainer on his book deal Alan Greenspan pontificates and seems to have found "religion"
More recently, the index moves off of this year's lows have been astonishing to say the least.
Extrapolating on moves of anywhere between 10-13% up on each of the main 3 indexes in around 45 days, one comes to ridiculous/stratospheric index valuation projections that do not portend towards anything of a real recovery in anything other than speculation and a real/delusional belief by those that are betting that the propping up of the market by the FED's primary dealers will continue indefinitely and or a general fear that the Sovereign Wealth default fiasco will trigger a Weimark Republic Style Hyperinflation that for all intends and purposes ends up crushing the value of almost all currencies and related fixed paper asset values.
The non fixed paper asset values will seem to bring in a speculative victory initially only to disappoint everybody once confidence in the value of the underlying monetary units plummets.
Very few speculators end up profiting from this type of economic disaster precisely because money will lose its value and all paper assets tied to a worthless IOU will seem meaningless in actual storing of wealth.
Pensioners in 1923 Germany ended up receiving their 20 Year pension payments in envelopes whose stamp prices dwarfed the value of the pension by a factor of 10 or more.
This extreme dislocation of Wealth(whether illusory or real) ended up leading to the rise of the 3rd Reich, the end result of the manifestation of the economic duo of the Bank and Warfare model.
Are we headed to a 4th Reich of more brutal implementation of a combustible holocaust of this Planet than World War II?
Flooding, droughts, Extreme Temperatures, Famine, etc......
http://news.bbc.co.uk/2/hi/asia-pacific/8589629.stm
Those are the real problems of this world. They cannot be tackled by a Bank and Warfare fractionally reserved economic model anymore unless the intent of the Powers that be is to destroy this Planet and themselves in the process.
The PTB are not known to being a Heaven's Gate style suicide cult.
This planet has long been running on a seemingly infinite absurdity of leveraged and ultimately hollow paper wealth.
The Powers that be understand this. Their Trillions in stored Wealth are meaningless without enough wage slaves to work in monetizing this hollow paper wealth.
The speculative bankers that are running rampant on Wall Street and the rest of the World are engaged in a destructive and useless form of parasitic capitalism that is not only leading this world down a path of utterly destructive famine but endangering their enablers in the PTB.
If this the plan to control the population it is going to go horribly wrong.
If and when it backfires, what will the Elite do?
Do they have any idea of what angry, hungry and penniless crowds will do to them knowing that they are outnumbered by a higher margin than their average wealth multiple over the serfs?
One can only hope that the supposed illustrious brains of the Gilded crowd can wake up to this simple and inescapable truth.
Monday, March 29, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment