For the Dow Jones Composite Jesus Pattern ™, can-kicking rallies notwithstanding:
Slope of Hope Blog Posts
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During our brief get-together yesterday, BDI and I puzzled over how the European Union could be so dumb as to hand tens of billions of Euros more to Greece who has obviously got, shall we say, a credibility problem. It seems they aren’t nearly so gullible as I might have assumed, as the headlines on ZH reveal:
I put this post together as a curiosity. Per international data, the world has now created 4 times as much debt than the combined reserves and M0, M1, and M2 in the world. Out of these reserve and M numbers only $5 Trillion is circulating outside of the banking system. There is 171,000 tons of gold or 5.5 billion ounces, or approx $6 trillion of value, in the world. Total assets are valued at $241 Trillion. The elites have taken us to the wall.
Exeter would be proud and alarmed at the same time.