We Will Soon Find Out

Larry Kudlow seems finally to have understood (by his comment that ‘POTUS will go Left for his new economic team’) that Obama couldn’t care less about the economy. The question remains: How far left will he go? Will he go all the way to spark a communist revolution in this country? I suspect so. What better way to achieve it than to precipitate complete economic collapse?

The price of gold on the upswing is not so much a consequence of gold becoming more valuable. It is rather an indication of the dollar depreciating. Pretty soon we could be taking whole wheelbarrows of money to the supermarket to buy a loaf of bread. Don’t you think this would end in social upheavals of the kind this nation has never seen? Don’t you think that this would pulverize the foundations of every institution in this country, reduce them to dust to be blown away by the wind? POTUS would remain the only functioning authority over the ruin of a once great nation.

When Argentina suffered through its period of severe inflation in which the price of common products rose every day, the people themselves pegged the value of commodities on the value of a gallon of fuel. Money became irrelevant. Gas stations in effect became banks.

‘Growth recession' is an oxymoron. There is either growth, or there is recession. The two terms are mutually exclusive. POTUS himself is the one who continues to talk this nonsense. By it, he hopes to gain time to perfect his economic nuclear program. We’re all slow to figure it out. POTUS is banking on it. The majority of us still refuse to believe that the man we elected president would actually do this to us. Meanwhile, every day our economy wanes. The trigger will activate when the promise of new leadership will release all our pent up demand. By that time the guts of the system will have been so totally wrecked. Stepping on the gas will cause the economic engine to explode. …and then, nothing. The old car will stall, never to move another inch.

Already we see the signs of what’s coming. Investors in large numbers have abandoned stocks. Money and jobs are leaving the country. Bonds are shaky. Real estate is collapsing all around us. The last refuge is gold. What comes after gold? Nobody knows. Chaos, perhaps. The abyss. We’ve never been there before. Increasingly it becomes apparent that we will soon find out.

http://pkoelliker.blogspot.com/

Utter Nonsense

What is ‘the economy’? It is us; we, the people. It is we who decide to get up and go to work in the morning, open or expand businesses, hire people… It is we who decide what and where to buy; or whether or not to buy in the first place. What is commonly referred to as ‘the economy’ is actually us.

The markets have now gone up six days in a row. I read somewhere recently that small investors have fled the equity markets in droves. This tells me that there’s no longer any depth to these markets; that it’s become solely a playground for professional hucksters, gamblers, gunslingers and speculators. Expect the markets to continue gyrating aimlessly. Eventually, even the professionals will grow tired and walk away. After that, you can expect to see only government generated statistics with no basis in reality.

The point I mean to make is that WE are what’s happening in this country. As long as we continue to sit on our hands and wait till some competent leadership emerges, our nation is effectively on strike. Revenue flowing into government treasuries is down and falling. Good!

This is another instance in which the vacuous state-controlled media is not doing us any favors. They report we are going into or coming out of a ‘recession‘. This is the wrong way of looking at it. We are on strike! They say, we may be in or heading toward a 'depression' when, in fact, we are depressed by the quality of leadership in Washington and in our States.

It’s been said so often that it’s become easy to overlook, but government does NOT create jobs. Government only creates bureaucracies that wind up costing us money. So when Barack Hussein Obama promises to ‘save’ our jobs, he’s talking utter nonsense.