Prop 'Til You Drop - Saving The Recovery™

IMG Auteur
Published : February 14th, 2020
370 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire

“I feel that the dormant goodwill in people needs to be stirred.  People need to hear that it makes sense to behave decently or to help others, to place common interests above their own, to respect the elementary rules of human coexistence.

Truth and love will overcome lies and hatred.”

Vaclav Havel

"The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.  It really happened.   These suspicions are valid.”

Neil Barofsky, TARP Inspector General

"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.

The narcissistic orientation is one in which one experiences as real only that which exists within oneself, while the phenomena in the outside world have no reality in themselves, but are experienced only from the viewpoint of their being useful or dangerous to oneself."

Erich Fromm

And it is happening all over again.

Stocks were slumping badly overnight, on the brief realization that the scope of the threat to the global economy by the coronavirus is being widely and deeply mispriced.

But as the day wore on in New York, denial once again held the day.

And the market lifted, almost miraculously and steadily, once again.

Do you seriously doubt that the US stock market is being propped up, and at the urging and direction of the White House?

The equity market is the keystone of Trump's miraculous economic recovery.

Do you think for a moment that he and his minions would hesitate to pressure the Fed, the Banks, the Treasury, and the other members of the Exchange Stabilization Fund to push the SP futures higher at ever turn?

And does anyone think that the consciences of those doing this are bothered at all, considering the economic carnage and collateral damage to innocent people that is likely to follow the collapse of this latest financial asset bubble?

All they care about in the short term is maintaining their deceptions and power, in order to become even more rich than they already are.

Well done.

Have a pleasant evening.

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Boomer Elegy
Good Grief James ! You and I are of the same generation, lived absolute opposite lives yet ~ almost ~ came to the same conclusion. I was raised Ba...
Ayn Rand's Hymn To Money
02 Aprgfs543
Thank you, Professor Fekete, for an outstanding tribute to honest money.
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
26 MarJ.
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that,...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
22 Marrokdok25
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry...
Things Have Changed
18 MarMr. Gnawbone
I enjoyed this article JHK, I been long expecting and have lived a full and beautiful life, but I raised my children to prepare and they are doing ...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
16 MarJ.
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the ec...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
15 MarThemis0
I suspect Hillary, or her clone, is waiting in the Dem wings.
Like WTF? Gold Crashes with Stocks!
15 MarThemis
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling.
Most commented articlesFavoritesMore...
World PM Newsflow