Wednesday, September 26, 2012
For those of us concerned with our own employment problems in the U.S. one only has to look at the terrible labor problems for the NFL referees. EVERYONE dutifully mentioned the "CALL" on Monday Night Football. These are the issues that we as Americans are concerned about and focus our attention on. This is what represents our focus of attention.........football. Diversions of the proles still are able to keep the masses in check. Most proles could care less about the overseas breakdowns. Most Americans have no idea that under 26 employment in Spain and Greece is now over 50%. Let's not get into what else the populace is dumbed-down on.....it only elevates frustration.
All of these issues will only add to the need for Central planners to monetize quicker and more dramatically. If the proles begin rioting then measures to placate the violence will be taken. Printing is the least violent of measures and we don't need to imagine what the next steps will be. In fact many of those steps are already in place.....its like slowly boiling the frog.......you just don't realize it.
Pay attention to Greece today....General Strike is called and a large crowd is expected....look for another day of brawling on CNBS. Is this the real deal? I doubt it. Just another prelude to the real deal which is coming sooner than later. But today should give some pause to the general equity market as the Greece proles show their disdain for austerity.
PM equities are having some much needed air let out of the trade. If you do trade you are getting a nice re-entry....if you didn't get in the trade some of the miners are getting on sale again. Have fun......this casino is going to get wild........gl
Posted by kliguy38 at 3:33 AM