Not in the future........it's already occurred. We have seen it happen already. The discussions out in the public and cyberland regarding Zombieland is no accident. As noted by this blog nothing occurring is random or by "accident". This IS a zombie economy and a zombie deconstruction of a zombie system. You can try and maintain CONfidence only so long with magic levitation before gravity takes over and the fall begins. The only question now is when does everyone see it. When do the zombies finally become visible to everyone but the most brain dead peeps. When do the peeps suddenly make a mad dash for the store shelves and banks to claim the morsels that may provide them some chance at survival as the ponzi unwinds. Confusion, fear, and outright paranoia can be powerful persuasive forces for greater control. Of course greater control will solidify the power that the puppetmasters will need for absolute power. Does this mean Armageddon is coming? Sorry to disappoint you if I answer that in a NON-fatalistic way......but I'll say no. I do believe that some form of collapse will take place, but it will be a "controlled detonation". I can't speak to the casualties, but it could be in the billions.....or millions. I just cannot tell what form of reset is planned. Sometimes the planning can miscalculate.....so always be prepared. Chaos is forming in the big banks....or at least the "appearance" of chaos. Resets will occur here too. We have a lot of resets ahead of us. Your big fear however is that Nature resets it for you. If they do then all bets are off. Even Jamie D has stumbled and will be reset soon as noted by Bloomy today.
Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase & Co. (JPM)Chief Executive Officer Jamie Dimon.
Dimon, 56, one of the industry’s most forceful advocates, has lost stature as his bank, the largest in the U.S. by assets, juggles multiple investigations and a $5.8 billion trading loss on wrong-way bets on credit derivatives. His peers at other big lenders are hobbled by poor performance, tarnished reputations or a reluctance to step into the breach.
“What you’re seeing in the financial-services industry is a lack of any kind of credible statesmen,” said Rakesh Khurana, a management professor at Harvard Business School in Boston. Dimon’s diminished ability to defend the industry publicly “basically leaves a vacuum,” he said.
That means the industry is without an advocate to resist the most vigorous onslaught of regulations since Congress separated investment and commercial banking with the Glass- Steagall Act in 1933. It coincides with the lowest level of consumer confidence in U.S. banks since Gallup Inc. began polling on the question in 1979. The percentage of Americanssaying they had a “great deal” or “quite a lot” of confidence dropped to 21 percent in June from 41 percent in 2007 and more than 60 percent in 1980. thanks bloomberg
Just keep in mind. Print or pull the plug? Those are the only choices the PTB have. If they pull the plug then you have the "real fear" trade and you BETTER own PMs. Either way......
I use as many metrics as I can find...This market is the BEAR of all bears perhaps worse than the 1929-1933 crash.It was the result of a thirty year credit bubble that could have been stopped. Many of us trading and trying to survive this will be destroyed....Many families will be destroyed, conversely many families will become closer as they unite to survive. I will attempt to provide useful current daily news that will assist you in your market and personal decisions. Always do your own due diligence...my commentary is just that....commentary. We are now entering the K Winter final phase down. This is heralded by a complete loss of CONfidence. Many of you that have read this blog know this is EVERYTHING for markets. We are lost and our moral compass is lost...that is a disastrous combination. The rule of law is now in the rear view mirror for this nation. Prepare for coming events beyond your imagination. readers