The S&P/TSX Composite index (INDEXTSI:OSPTX), the S&P 500 (INDEXSP:.INX) and the Dow Jones Industrial Average (INDEXDJX:.DJI) are all under siege this hour as another
China-led stock market dive spreads to markets in every corner of the globe.
The causes are multiple and culprits well known. Increasingly, we become
aware that China’s apparent economic boom time was as much a product of
fraudulent monetary creation as it was massive export growth. Now faced with
a deflationary panic across all equity classes, selling begets selling and we
start to perceive a potential contagion emerging that threatens to reverse
all the gains made since 2009.
One could argue that this is the compressed volatility born of capital and
credit fabrication that central bankers globally have embraced as the panacea
for all that ails struggling debtor nations. From a historically and
economically unbiased perspective, the thought that the United States of
America has either the intention, the ability or the desire to eliminate debt
through self-imposed restraint is utterly laughable. In the purest sense, the
United States is a rogue nation whose leadership understand only too well the
fact that the ‘debt’ charade is a carefully orchestrated farce whose ability
to continue is exclusively tied to the reality of its military force. I
wonder at what point history will correctly identify the sale and promotion
of U.S. debt a fraud that should have been halted and prosecuted around the
turn of the century.
While it is apparently acceptable to the vast majority to wander around in
a haze of stupidity that renders us all complicit in the scheme, we must
nonetheless strive to recognize what is happening to us at the hands of the
elite financial layer that tops government and renders democracy a joke.
Such perspectives are horribly politically incorrect, I know, but its during
these moments when the sheer force of mathematics exposes the cracks in a
global financial system perched precariously on hopelessly delusion
misconception of the nature of debt that also renders them urgent apparent.
While Obama sheds tears over guns that, thanks to the American dream, which
for most, has become an American nightmare, are so ubiquitous as to be
regularly heard on the streets of Toronto, the Titans of Fraud in Central
Banks and the world’s largest financial institutions continue to erode
humanity’s future through amplified magnification of artificial wealth in the
form of synthetic derivatives, credit default swaps, collateralized debt
obligations, options, futures and forwards and other fancy labels for
fraudulent debt.
Your participation in the scheme in the role of target requires nothing
more than you continue to drive the kids to soccer, dine out on weekends,
winter in the Bahamas, and generally to be so self-immersed in your life as
to be incapable of perceiving the incremental ponzi schemes consuming your
savings, your equity and your pension in small fees that drip drip drip-feed
the massive financial institutions at the core of the financial system’s
vulnerability. Its obvious to me at this point that nothing short of a full
scale financial meltdown, such as the one that began in 2007 and was only
temporarily muted thanks to a doubling down on the global currency and credit
fraud, will prod the proles out of this collective trance.
It is of scant comfort to be correct about such matters. I’m not going to
suggest that the way to protect yourself and your family is to buy guns and
buy gold. On the contrary, when the feces really hits the fan, that ilk will
be shooting each other and stealing each other’s golden hoard.
While there must be, at some point, a complete global reset of the
sovereign ponzi scheme that will miraculously result in a forgiveness of
their debts to each other (but not yours to them or the banks), this date may
yet be in a distant future, because we still only measure debt in trillions,
and there is still quadrillions and quintillions untapped to describe the
vast scale of government and financial institution predation against all
citizens.
However the urgency with which the math will start to insinuate itself is
triggered as the inflection point nears where there’s just too many people
striving for a finite global output. How do you protect yourself from that?
