October 14th, the dying dollar

Well, I was afraid of that, the powers that be went with inflating equity assets and killing the dollar, but maybe there's still time for a late October Black Swan event - terrorist attack, Iran hit, oh I don't know, take your pick. I called the Dow rally this morning with this post to latoc: http://www.doomers.us/forum2/index.php/topic,54715.0.html, and I'll say it again, the Dow is the NOT the economy, but you've heard me say that before, but at any rate what we have here is a dollar that has had its legs cutoff by the worlds central bank and the equities are inflating because of it. Any speculative "better than expected" news will be a strong catalyst in such a capital market to spurn the Dow to new highs, and the plebeians and sleeping sheeple will grin merrily with holiday optimism, that is if they still have a job, and the others....well they'll probably go shoot themselves or maybe take their whole family out. It's obvious the media has done a terrific job at making people feel depressed and guilty for the circumstances they find themselves in. The way they do credit scores is a nice example. Usurping higher and higher interest from people who might've run into a economic speed bump certainly doesn't help with their predicament, now does it? JP Morgan, GS, AIG, and the rest of the big banks will have a very merry Christmas indeed as they add maybe a room to their mansion or purchase a new bigger and better yacht. Meanwhile, the hordes of layed off workers will busy themselves applying for the millionth time to that craigslist ad or monster.com posting only to listen to the sound of silence emanating from their phones. Big Pharm and drug stores, I'm sure are due to make a killing selling anti-anxiety drugs and pills for depression come this Christmas, and few more liquor bottles will be downed in attempt to blur the reality of being a unsubstantial nobody in this country where you're measured by the size of your wallet and not the strength of heart.

I really think the powers need something significant to happen or the media they control won't be able to sustain the illusion of recovery much longer. Certainly not after Christmas when the results come home to roost, the retail sales will be like boomerang statistical explosives that will sap the investor buying power. Furthermore, peak oil worry will be gouging the remaining employed with income ripping harvesting speed as they pay record high fuel prices. The shirt tearing and gnashing of teeth will be quite the spectacle as people beat their chest in 401k defeat. We'll also see if that little boy down in Columbia that is acclaimed for predicting future events holds true, where he predicts Obama will be assassinated or an attempt will be made. Now go and think about that as you head off to bed.

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