H/T to Zerohedge for this chart showing what happened after the last global coordinated intervention:
Archives for November, 2011
Government is A Myth and The Problem
Europe is a problem; it is just not THE problem. Do not believe the “happy news” that periodically is discharged from the Eurocrats. For the Eurozone there is no survival in its current configuration. Until the utter embarrassment of defending this myth becomes overwhelming, the Eurocrats will continue to claim there is a solution. Admitting [...]
The Truth About Corporate Balance Sheets
One of the memes of the Wall Street touts is the strength of US company balance sheets. “They have never been stronger” is the line heard over and over again by those wanting you to believe that the economy is recovering and the stock market is undervalued. Not surprising, most of this talk is all [...]
Corrupt Government
It is apparent by now to even the dullest of citizens that government is as corrupt as Albert J. Nock stated: Taking the State wherever found, striking into its history at any point, one sees no way to differentiate the activities of its founders, administrators and beneficiaries from those of a professional-criminal class. For those [...]
Debacles Take Time
Some commentary via Zerohedge from Bill Buckler dealing with the coming debacle. The last paragraph pertaining to “cash is king” is especially pertinent. As usual, “The Privateer” author Bill Buckler does a great job at summarizing a complicated, and quite terminal, situation in a few short sentences. Today is one of those occasions. The Four [...]