Some number of random thoughts all making sense within my fevered brain.
For the last two years or so I have predicted we will not see an uncoordinated crash of the euro, but rather a coordinated fall of multiple currencies US$, Euro, Yuan, Pound, Yen.
They all are/were in big trouble, but none of them could act on their own unless they wanted to expose themselves as bankrupt.
If they default, the banking system collapses.
If they inflate on their own, their holdings move away, so they had to find a way to inflate at the same time, so that the currency pairs don't reveal the problem to the public & since people are convinced that inflation is about prices, it all needed to go in sync.
Now, they‘ve done the first step to coordinate their printing presses.
Essentially all the big currencies on the planet are increasing the money supply in a linked fashion, keeping the currency pairs stable, devaluing the savings, keeping the banks afloat, keeping the system running.
If this is successful, the predictions of libertarians claiming the system will destroy itself by inflation will not come true. We shall see. Richard Russell
Warren Buffett disparages gold because it has no yield.
The reason it has no yield is that is has no risk. Yield is what you earn when you take risk.
The old money knows this ... they have seen it all before. James Rickards
I guess two things stand out to me. The first is it’s amazing how much complacency the various central governments can buy with the liquidity they are pumping into the market.
You have the situation in Spain, which is looking like Greece on steroids, and nobody seems to care because of the liquidity coming into the markets.”
“I’m too old to wish for chaos, but it’s coming. I think the market’s response to situations that make otherwise rational people seem nervous, is fairly amusing. What we are seeing right now is the rising tide of liquidity floating most ships, particularly the conventional ships. Rick Rule
“To the establishment media, the race for the Republican nomination is over — Mitt Romney is the presumed winner. Every globalist on the Republican side has come out and endorsed him — including those who don’t want him as president.
This reflects the concern Republican kingmakers still have about Ron Paul, who will now make a better showing than ever at the polls, due to the anti-Romney feelings among many conservatives and the growing anti-war sentiment.
What is disturbing to the PTB is that Ron Paul continues to rack up delegates far in excess of his showing in primaries, which were not binding. ..... Huh?..... However, I think they will pull out all the stops to keep a brokered convention from happening and make sure that Romney wins on the first ballot at the Tampa convention.” Joel Skousen