Images of despair and fear are rising faster than General Petraeus at a biography interview. Europe can no longer contain the economic damage with just bandaid monetary rumors and maneuvers. Its open wounds are beginning to ooze pus.....copious amounts of pus. The entire sordid mess called the Eurozone is starting to hemorrhage rapidly as it appears to be breaking apart at an ever accelerating rate. If the current demonstrations across Europe don't set off alarm bells with the pols and the cartel then you can begin heading to your bugout shelters soon. Hopefully another monetizing technique will be employed to slow the disintegration down but time is getting shorter and shorter. Middle East tensions provide some diversion for the peeps but unless we get all out war nothing short of an all out ECB printing frenzy will slow the fires of desparation burning across Europe. Maybe things aren't as bad in Germany, France, Brussels and other northern "states" but they are VERY aware of what has transpired in Spain, Italy, Greece, and Portugal and they know the contagion is coming to them soon. Its analogous to a leper at a nudist colony. You may want your fellow nudist to believe that you don't have the disease but it just not that easy to hide it anymore.The fear is growing and the numbers now on the streets are exploding. They know.
We are well past the crossroads now. Printing will need to be expanded soon or a death spiral will rapidly develop. If the death spiral begins then the central planners will need to create a massive diversion. What that might be I'll leave up to you. If no diversion then blood on the streets will be the next step. That would be my first choice if I were in their place. It might succeed but it essentially will result in some type of marshal law across the Eurozone first. Once violence escalates in the streets then the police will respond with brutal force and impose internet/social media restrictions AND curfews. You can call it end days but it may serve to stabilize the collapse at least temporarily. Time is precious now so make sure to enjoy it everyday.
Paper beatdown is necessary now before the real fear begins and paper is exposed so spend your time accumulating.gl all
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