You Want Answers?

So do I. I spent over four hours after the market closed just perusing articles and blogs trying to find them. Then I went to stockcharts and put up charts of various sectors, indices , and stocks. I listened to CNBS overseas. I listened to Fast Money DVDd. Still the same thing kept coming up. We are on the pecipice of one of the most historic messes in history. How does a country and the world for that matter get itself into one of the most overleveraged liquidity nightmares known to mankind. There has to be an answer right? You just don’t wake up one day and find out that your country allowed itself to charge its children’s future and their children’s future into debt slavery…do you?? Did 1.25 Quadrillion of derivatives just show up out of thin air on the world’s financial sheets without anyone being aware of them?? Was Warren Buffet’s letter to his investors about financial weapons of mass destruction just hyperbole in 2006. Were home price appreciations of 300% in just 8 years normal? Certainly in 2007 a certain Central Banker publicly said they were. That same Central Banker is telling you now that the economy is on a sustained path to recovery and that the monetization of debt ( a euphemism for international debt fraud) will ultimately lead us to full recovery albeit slowly.

So I am looking. My search tonight reminds me of some kind of surreal madness. Finding an answer to a mathematically insurmountable debt mountain is metaphorically trying to climb K-2 wearing a tutu. Watching the world literally unravel in front of our eyes while we watch American Idol is beyond surreal. Riots and civil war are breaking out in over a dozen countries simultaneously as we sleep tonight. The public here is virtually unaware of the magnitude of this problem because the main street media serves it up like a dish of fried chicken. Dark meat or white?? We are flooding the world with dollars which is creating increasingly severe price pressure in essentials throughout the world. In developing countries there are literally BILLIONS of people that being impacted by this stagflation and are losing the capacity to FEED themselves and their families. This is creating a sense of hopelessness not only for their future but the present. This will continue as long as the dollar’s status as the world’s reserve currency remains. As our weak puppet governments continue to collapse in the Middle East and North Africa our control of cheap oil prices unwinds. The resultant higher prices in oil/gasoline will begin to drag down a fragile/faux recovery as reality meets ponzi.

So I am looking…. I know that we are going to receive some kind of hopeful statistic….surely. I know that we are going to have meaningful structural improvement in employment. We have to. After all, we have put 14 Trillion dollars over the last 2.5 years into this debacle and that has to create a strong recovery. Consumer CONfidence dropped like a rock today. Why??? We are recovering. Housing numbers are horrific after over 3 years after the collapse began. Now we are being told to expect another leg down for housing. Why?? We’ve put hundreds of billions into housing through various program. What is out there? What is out there that I cannot see? What is making the world turn into an inferno. In my entire life I have never seen World governments breaking down at this pace. WHY?

Watta mess!!! We are literally playing in this casino while Rome burns all around us. It reminds me of the poker game Redford was playing in the movie Havana. This is all a dream that somehow will end well when we wake up. Just remember there is a clock ticking and there is one thing that no ammount of money can buy. gl

Read more at Great Depression 2