After a long week there’s nothing like a good laugh. While I was lamenting the fact that all these slimy central planners had once again decided to invade the beautiful landscape of the great Western USA by holding another one of their ponzi rituals in Jackson Hole, the following picture brightened up my day. So I ask, Who’s in Jackson Hole…Christine Lagarde or Bart Chilton?
Thanks to @Not_Jim_Cramer for this gem.
Have a great weekend everyone!
A couple of months ago one of my closest friends in the business spontaneously described the financial markets as “The Farce.” I took to it immediately and from that day on pretty much every morning our first conversation over Bloomberg begins with “so how’s the farce today?”
Long time readers know that I am under no illusions that the markets were ever “free” in our investment lifetimes. Let’s be real. A small group of 12 Central Planners determine the most important price signal in the economy, ie interest rates. They admittedly use this tool to manipulate behavior and markets. So in some ways the financial markets as long as we have had fiat money and the Federal Reserve has always been a farce in the near-term.
That said, the prior farce is very distinct from the current farce. At least in those days interest rates would manipulate behavior but beyond that basic macro backdrop the Central Planners allowed markets to generally do whatever they wanted until in their infinite wisdom they decided to pull the plug. Ever since the banksters blew up the world in 2008, our Central Planners clearly made a decision that a new playbook was needed. They needed to manage markets much more aggressively in order to “save the system” and restore confidence to the ponzi scheme that is the global financial system. This increased manipulation was obvious to anyone paying attention in the markets, but investment managers were so terrified they justified it and largely continue to do so.
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He said to his friend, “If the British march
By land or sea from the town tonight,
Hang a lantern aloft in the belfry arch
Of the North Church tower as a signal light,
One if by land, and two if by sea;
And I on the opposite shore will be,
Ready to ride and spread the alarm
Through every Middlesex village and farm,
For the country folk to be up and to arm.”
- Henry Wadsworth Longfellow from the poem “Paul Revere’s Ride”
Welcome to My Blog: www.libertyblitzkrieg.com
The world is a very dangerous place at the moment and it is becoming more treacherous with each passing day. The reason for this is because the self-proclaimed “global elite” or TPTB, whatever you want to call them, have declared war on the rest of us. It is not just financial and economic war but it is also a moral and spiritual one. The game is being played on many levels and most of humanity remains completely unaware of it (although I would say a higher percentage of us are aware than ever before in recorded history thanks to the internet). When people look back at what has happened in the past decade or so and wonder why the welfare-warfare state continues to grow despite who sits in the Presidency the answer becomes clear. The leadership in the United States of America, and in reality pretty much every government on the planet, could care less about the advancement of their people. Back in 2008 they weren’t interested in saving the economy. They simply wanted to steal everything in sight using the government as its tool…and boy did they. The political leadership in America today (with some exceptions of course) represents the lowest common denominator of our Republic. They collectively possess a cunning political mindset coupled with a total absence of empathy and a lack of hesitation to engage in ruthless behavior to maintain power. Meanwhile, our corporate leadership (particularly now that Steve Jobs has passed) are collectively a bunch of cost-cutting, share repurchasing, quarterly EPS obsessed cowards that couldn’t and wouldn’t want to innovate themselves out of a paper bag. They surround themselves with “yes” men and with a few exceptions dare not to speak out about the crimes being committed against the citizenry by the political class for fear of losing their positions in the socio-economic structure. In short, they are cowards. Then of course there is the top of the power pyramid in today’s world. At the apex lies (pun intended) the Central Bankers (Planners) of the world. There is no group of people to whom I feel more disdain. I firmly believe they must face trial for crimes against humanity once their sick game plays out. This group of people literally control the entire global economy via their privilege to print however much currency they want whenever they want to. This is a group of insanely egotistical, mathematical robots who think they can excel model and print the world into utopia. In reality, all they are doing is transferring what is left of the middle class’ wealth into the pockets of the super rich who use 0% money to engage in leveraged speculation on financial assets and then get bailed out by the taxpayer when their bets fail.
One Million Paul Reveres
It was last night in 1775 that Paul Revere made his famous midnight ride to warn the colonists that “the British are coming.” Amongst other things, the colonists were concerned that the crown was going to disarm the citizenry and arrest John Adams and John Hancock. It is auspicious that I am launching my blog on the 237th anniversary of his legendary warning. It was late last year that in an interview I said what we need are one million Paul Reveres on the internet in order to get the word out globally and unite against the tiny minority that is doing all this harm to our species. It is as a result of my never-ending determination to win this fight that I have decided to start this blog.
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