The promised bailout

At what point do we put the Fed and the treasury in front of a judge? No point, the bailout bill protected them from prosecution for ever. They could crash the economy, and they will, and they are exempt from prosecution.

The Fed will fail in its bailout attempt…I’d say it’s pretty clear it’s already failed…markets down near 3500 points and credit spreads widening…the exact opposite of what they said would happen. If alarm bells aren’t ringing yet, give it a few months, this is only the start. The only thing they can do now is to pump more liquidity into the system…its kind of like trying to put out a fire with liquid…but the only liquid they have left is petrol. The thing is, they know its petrol…it’s not a mistake.

They would like you to believe that they are stupid or incompetent and that they didn’t see this coming. Many people will believe them. It’s hard to believe them when their moves have been foretold in print in Marc Faber’s book, “Tomorrow’s Gold”…they’ve acted out the playbook line by line. I’ve been preparing for this for quite a while….since I realised what was happening about 3 years ago.

Every single fiat currency system in history has ended with currency printing presses running 24/7…without exception. Every single one. Hyper inflation follows as the central banks print more and more money, devaluing currencies in lock step as they are doing right now with interest rate cuts…but mortgage costs are going up. The system is now openly broken. If you needed any proof that we are in very serious trouble, there it is. Interest rates and borrowing cost that aren’t linked at all. The most basic mechanism of monetary policy is no longer working. It’s like putting your foot on the accelerator of your car and not going anywhere…the signal that something is structurally wrong is that clear.

The end result of the printing presses is a decimated middle class, mass unemployment and mass bankruptcies as the clear out from the boom days is completed. Buy Gold.

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Tags: Bailout, Banking, Economy, Inflation, Money Markets