A good response to: I have excellent advise and it's paying!
Though some of us... and this being a group mailing, may silently dialogue: "I'm out of the loop on this one, and besides they surely arn't going to take my food stamp allotment."
Denninger, though pushing the envelope while trying to read tomorrow's newspaper
also has today's reality within reach.
You may recall some of the gloom i was sending a few years ago and one was a quote from the guy who made the derivatives system or scam work for the super investors.
In about 2008 he had acknowledged derivatives would eventually bring it all down.
We'll this current scenario is more about Europe taking the dive. But then those same European banks have a rope around all the US investment banks necks and 'those funds', you know the one we are assured: ' That always pay'.
Yes, this is going to roll right back on the US retirement funds as well as the orphans and widows...
Bernard Connoly, was also recently getting some general exposure under these circumstances...What circumstances? Try impending gloom, and he has been more than predicting, as he also has furnished big print road maps and usually for a large fee.
He just happens to be one of the tech founders of the EURO system until he realised it
would not work and predicted it would hit the wall in a few years.
So you can go to Google and then add his name for a peak under the
rug.
As the historians of the Great Depression point out, in 1929 the significant economist
of the day continued to assure the nation that what had just happened on the market
would soon be corrected.
'Everything will soon be alright.' And to some extent the DOW went back up. But then within a year when
everyone one had again been further assured by their brokers : Trust me and besides i have my money in the market and right by your own funds. It went down to 41 points by 1932.
It's called belief in some other circles. But i call it broke when we put our hand in our pocket to buy the beans and rice and out comes lint.
Some good video's furnished in the above article.
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