With the country about to go over the fiscal cliff, the Republicans have gone over a cliff of their own called insanity. Obama, on the other hand, spent the first month after his election back on the campaign trail traveling the country talking to the people about what they already voted for him in the first place instead of insisting on around-the-clock eyeball to eyeball negotiations with the Tan Man. The great candidate but weak president then began lining up his putts on his favorite golf course in Hawaii. Are these guys crazy?
Bernanke’s printing press has reached lightning speed and his counterfeiting, because that’s what it is, has gone viral, or should I say global. The central banks are determined to debase the currencies of the Western world until the populace, especially here in America, wakes up and realizes they’ve been had. When that happens, probably sometime in 2013, the U.S. Treasury bond (another piece of paper) will be the crucial bubble that will burst. But ask most anyone, and they have no idea what’s going on. Many think things are getting better.
There is no more free enterprise. All financial markets are rigged. Gold and silver, whose function it is to act as a barometer for the health of the system, has been manipulated downward so blatantly to reassure the citizenry that all is well when the real economy is going in the other direction. The politicians are owned by the banks.
This is the non-fiction account of where we are as we enter 2013 as opposed to the propaganda that the mainstream media feeds the public. Happy New Year.