Devaluation : 'Clowns To The Left; Jokers To The Right'

Submitted by Mark J. Grant, author of Out of the Box,

Clowns to the left; Jokers to the right.

Here we are; stuck in the middle. We play to win and win we shall but sometimes I look at it all and shake my head. The deceit of manufactured debt to GDP ratios in Europe, the complete deception of America’s CPI numbers and the political lies bandied about daily like they were some form of truth when they don’t even mirror a distorted view of reality. This morning I wandered into my living room and sat down on the floor; just sat there. Now I am not a yoga kind of guy and I wasn’t asking for Divine guidance, though maybe that would have helped, but I just sat there and took a measure of the world.

We are faced with the corollary of the famous maxim; “It is not who votes that matters but who counts the votes that matters.” It is not the numbers but who devises them and then applies them that matters. It isn’t magic but trickery and you and I are the audience.

The markets are where they are for one reason only, just one, the sea of money that the central banks have poured out across the globe. There is no other reason. Money flows into the corporations, money flows into the markets and the tide rises because it must but it is a House of Cards, a dangerous game that works because there is no place else to go with money and the euphoria, New Year’s Eve at the Big Casino, continues but the price will be high when it all ends and it will end because it is not this or that asset class that is in a bubble but the entire world that is a giant soap bubble that will float until the heat of the sun pops the thing in one ugly mess. I fear that subprime loans, dot.com fantasies, and the S&L crisis will pale when we are done with this party because, my friends, the bill for the festivities must get paid.

continue at ZeroHedge:

http://www.zerohedge.com/news/2013-03-07/devaluation