Stop getting your rocks off making fun of the gold bugs. Get the hard asset now while it’s undervalued my friends. Hold your nose, dive in and simply consider it heavily discounted long term insurance, as you would any required insurance policy. After all, wouldn’t you buy the best long standing health insurance policy ever written, offered at the same low price it was over 5 years ago?
The Stupefied Shop
As a long term non believer in the equity market’s ability to relentlessly drive higher, even in the face of dubious fundamentals. In other words, an abject loser. Finally seeing this supernatural stock market’s true character revealed last week, in delectable descending destruction, was especially satisfying for the suspect Savant. Yet, this idiot simply can not shake off the debilitating embarrassment of having completely missed the downtown A train express to Broadway & Wall, left standing naked on the silent subway platform, utterly exposed with his head up his ass.
Humbly Submitted by the Macro Crotch Shop
STEALTHFLATION: An intractable economic condition that inevitably arises as excessively issued fiat currency compulsively pursues non-productive wealth assets in a grossly over-leveraged economy, which has been artificially reflated by the Central Banking authorities, in a misguided attempt to synthetically engineer growth via extreme monetization. (ie: Counterfeit Quantitative Easing & Interest Rate Suppression)
This ill-advised monetary regime effectively prevents the real economy on the ground from realizing the healthy normalization of free market forces crucial to genuine capital formation, authentically derived from bona fide industrious production generating actually earned savings, the very life blood essential to inducing legitimate and sustainable economic growth.
Greece was brought to her knees at the hands of its corrupt political class elites with the full support of an avaricious international banking cabal. Please don’t put the blame on the little old lady pushing her Gyro cart up the steep streets of Kolonaki. She was perfectly within her rights to assume that the leadership of her country knew what the hell they were doing whilst managing her distinguished nation’s finances.
Yet today, she has taken the full brunt of the fiscal pain, while those most responsible for this massive over leveraged abomination, namely the Greek political family dynasties and their complicit int’l banksters, continue to bask in the sun off of Mykonos on their luxury yachts.
Along with the privilege of leadership comes responsibility, it’s way too easy to simply blame the little people. (more…)