Friday, June 17, 2011

Mending Broken Bones With Band Aids

Well the grand illusion that was our stock market has sold off during the last 6 weeks. Commodities have sold off as well- as the curtain is finally going up and exposing this shell economy.

The  deflation that Bernanke and the FED were trying to avoid is here. It seems you can't just counterfeit gobs of money, through it at banks, and mend a structurally destroyed economy. No amount of smoke and mirrors is going to save us.

Bernanke and the Federal Reserve have destroyed every asset class in this country. Savings accounts, treasuries, muni bonds, and even equities are all dead money. Down is the only way these markets can go. Gold and silver holding their own. Of course. Real money. Can't counterfeit it.

Bernanke thought he knew the answer to the great depression. It seems that men, incapable of acceptance, are always trying to change the outcome of things. They always think they are smarter than the men who preceded them. They're not and the outcome will prove that. The more things the end...the more they stay the same.

Here's a nice piece from ZeroHedge. Things that make you go hmm...

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