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| http://www.marketwatch.com/ |
I suppose some oil dependent central banks can step in and make it go back up, regardless of 'actual' market value, as there are relatively few real markets anymore
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"The economic situation is deteriorating for the average American, the mood of the country is darkening, and the world is awash in debt and turmoil.
Every country is attempting to print their way to renewed prosperity.
No one wins a race to the bottom.
If a nation prints more money,
like cutting a 16 inch pizza into 12 slices instead of 8,
is each slice worth less?
The oligarchs have chosen a path of currency debasement, propping up insolvent banks, propaganda and impoverishing the masses as their preferred course.
What if the pizza shrinks while the number of slices rise?
...Their lies and deception have held sway, but they have only delayed the final collapse of a boom brought about by credit expansion. They will not reverse course and believe their intellectual superiority will allow them to retain their control after the collapse.”
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"An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way...
At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.”
How about a race war
and a presidential candidate let off the hook for multiple felonies?
"Facts don’t matter in world of QE for the psychopathic titans of Wall Street and misery for the indebted peasants of Main Street. The government data drones, Ivy League educated Wall Street economists, and the obedient corporate media propaganda apparatus declare ...we are not in a recession. If you believe their bogus inflation calculation then just ignore the collapsing retail sales, stagnant real wages, and rising gap between the uber-rich and the rest of us."
"The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. There’s no calling the top, and most of the signals that have been most historically useful for that purpose have been blazing red since late-2011."
