It was a Friday and so of course the news delivered by the money-printing master Bernie would be ”bad”. Instead he seem to imply that it is the federal governments turn to spend, spend and spend – like they haven´t been doing just that.
Now this is a comic situation and if I know Bernie, as I think I do, he´s placing calls to his bankster buddies right now inviting them to a meet and greet to discuss whether its time for them to actually use all that freshly printed cash they´ve been hording both within their own institutions and with the Fed (for interest!). At the same time MaoBama, Bernie´s bestest pal, will of course go out on a spending spree in one way or the other.
And so expect a few banks to place huge buying orders and the Odumbo administration to announce a stimulus or some sort the coming weeks. Also actual bad news like this or this will be more and more suppressed as the righteous elite wants you and markets to calm down.
Such actions will keep the market afloat a few more months but either the European situation will escalate or the markets will remain unconvinced and so not too far into the future Bernie will again appear and this time it won´t be on a Friday because this event he actually want to have a real impact, so possibly on a Tuesday he´ll be announcing QE3.
That future not-yet-happen-Bernie-lunacy will again prop up the markets and send a slight chock of positivism into the world. The last time it lasted less than a year, it will be much less this time, but it will probably work its magic over x-mas and a month or two into the next year. After that is done, and the final scams have been exposed and the stimulus money again has run out, well then it’s good night my sweetheart, good night.
I think if the U.S. of A. will be the first huge pile of crap going up in smoke you can set your time after Bernie´s soon to be QE3. When that stupidity is over, so is the world economy. Then comes Mad Max, Resident Evil, Apocalypse Nowish, Ragnarök, Armageddon, or whatever you wanna call it.
Another consequence of Bernie´s inability to press that printing button at this very moment will be that other countries will haft to step up on the plate and take action. Isn´t it Britannia’s turn to have a QE2? And the froggies have been fairly quiet through this shameful ordeal. But let´s see, it’s almost impossible to foresee what turn is the next one. I know what awaits at the end of the line, but the road there is slippery and filled with schemes undreamed of.
In the meanwhile The Greatest Depression continues to grow beneath the surface building momentum for each day that passes.
Oh, this is going to be so much fun!
I have my eye on a comfy chair now. Slightly over my budget, but it will be worth it to have a nice place to sit munching on popcorn and drinking vodka while the world goes to a hot fiery place of eternal damnation.