Scotty...we Need More Power!!

Inevitably it had to happen. Of course its over the weekend which make its effects somewhat lessened, but nevertheless it is not what a ponzi wants to hear. What are we talking about the “DEVASTATING” NYT poll showing that American’s are not buying the restoring the CONfidence in our equity market by the PTB. A poll that shows beyond a shadow of a doubt that the last 2 years of the well orchestrated effort of the Federal Reserve in cooperation with Treasury, the Administration, the MSM, Wall Street, the Fortune 100, and the Acme Portable Toilet Company have failed in their effort to convince the American Peeps that all is getting better. The sheep just couldn’t feel the love as much as the PTB tried to convince them. I guess when they had those high level White House meetings in late 2008 and early 2009 discussing how the “Grande Illusione” would play out that surely they would have expected the “possiblility” that the STRUCTURAL problems underlying the economic collapse JUST MIGHT NOT respond to a monetary massage ploy. I am relatively certain that Paul Volker blew at least one of his gaskets in his six foot nine frame. I can still visualizing the meetings where he would slowly rise from his seat at “the table” ….towering above the participants….then looking slowly around the table and finally fixing his gaze on Bernanke and uttering “have you no shame you dirty bastards?”. Obviously outgunned Volker knew he was dealt a losing hand and like any good Central Banker he knew the game but for whatever reason he had been deluded into thinking they were interested in hearing what he said. Of course they were not and the only reason he was there at all was to provide a smoke screen for the real strategy that had already been decided on long before those “heady” meetings in late 2008 and early 2009. Those meetings were for public consumption and for the President’s benefit. They were only window dressing for decisions that had been made long before. As far as I know the President may have still thought at that time that he was actually in charge. I know he had a confident smile during those early camera appearances.

Now what about today? What about the new NYT poll. http://www.nytimes.com/2011/04/22/us/22poll.html?_r=2&nl=todaysheadlines&emc=tha2 These are inflection points that cannot be ignored. Gas is absolutely killing the American sheep. Not only the gas but many input food costs are becoming very painful. There is now an approaching “recognition” that things are really not good at all. That within the context of the constant mantra of meaningless manipulated statistics telling you things are getting better is a more insidious (and odius) problem. Underneath all of the pomp and circumstance that is being thrown the peep’s way is one ugly underlying ugly pig that someone is trying to put lipstick on.

Seriously though…..don’t fall for it. The release of the NYT poll could and probably is all part of coordinated and “expected” move to take down the market and strengthen the dollar. It may very well signal the high water mark in this trade and is not only expected but “planned”. The PTB know very well that monetary policy will not repair their structural problems here. In fact the monetizatiion is not supposed to. Its only there for the biggest banks and THEIR balance sheets. Their part of the bargain in those early meetings was to “bring up the equity markets”. Of course the President was not happy when they plastered those massive bonuses on the company pad but WTF was he going to do about it. After all he was the one that smiled at the conclusion of all of their plans and turned to Lloyd and said “You’re doing God’s work Lloyd.” gl all and happy bunny day.

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