The opinions expressed by columnists are their own and do not represent our advertisers
Tuesday, October 16, 2012
The Last Domino
With the U.S. Presidential election less than one month away, I think it’s a good time to take stock on what has occurred in 2012 so far and look forward to the period ahead, which I think will be one of increasing social and economic chaos in the United States. Earlier this year I wrote a piece titled Six Months Left…Can They Do It? in which I questioned whether the Administration and its cronies at the Federal Reserve and elsewhere would be able to hold things together in a relative calm until November 6th. I wasn’t sure of their ability to do so, but I understood that everything would be thrown toward this objective, legal and illegal, to make it happen. Well here we are, and to some degree they have held the undeniable disaster that is very apparent underneath the superficial surface of American society from exploding upwards. Back in May I wrote:
Well the past is the past and the future lies right ahead, so how should we be thinking about things? The assumption that is being made, and to some extent has to be made, is that if they have been able to pull off this total coup of the financial markets for the past seven months why can’t they keep it going until the election. Well if we are to assume this, it means we must assume they can pull it off for six more months, which would bring the total to thirteen months. This would be quite a feat. They know how difficult it will be to keep things “together” in the markets amid a real world that is falling apart. This is why the Fed is pretending there will be no more liquidity added to the system. In their minds, the best strategy is to talk down QE while at the same time attacking commodity markets behind the scenes. In their mind, this will give them the cover to create trillions more for their banker shareholders. I have stated that this would be the plan and as we can see in the markets lately, it has been executed to precision.