GOP Stars Tight-Lipped on ‘Huge Disaster Waiting to Happen’
By WND. Is America headed for an economic collapse?
If so, presidential candidates are remaining eerily quiet about what’s being described as “a huge disaster waiting to happen.”
The U.S. stock market is on the verge of a massive collapse, warned David Stockman, OMB director during the Reagan administration, on CNBC’s “Futures Now” program. He said the recent price action has him even more convinced than ever that the bottom is about to fall out.
Stockman believes the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession.
In fact, he said, there’s no way to roll back the artificially inflated bubbles the Federal Reserve has caused. (Read more from “GOP Stars Tight-Lipped on ‘Huge Disaster Waiting to Happen'” HERE)
__________________________________________________________________
Economic Reality Now Catching up to Market Fantasy
By Brandon Smith. In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world. Often, the daydream images of the mind are not merely images to them. Rather, what they imagine subconsciously becomes reality. Their faculties of observation become so limited, either due to a reaction to trauma or merely an inherent inability to cope, that they cannot decipher between fact and fiction. A person could go on like this for quite some time if all his needs are provided for by someone else. But the moment that support ends (and it will), the realities of necessity, not to mention supply and demand, take hold. One cannot live in a schizophrenic world indefinitely.
The current global mishmash of interdependent and socialized economies are, at bottom, schizophrenic. Our markets are not based in any fundamental reality. There is very little tangible foundation left to stand on, and this has been the case for several years. Yet some people might argue that since the derivatives crash of 2008, most of the world has continued to walk on air.
The power of fantasy is that it is self-perpetuating. Fantasies are fueled most commonly by misplaced hopes and unhealthy or unrealistic desires, and such things are darkly and grotesquely energizing. Fantasies can indeed keep economies around the world functionally alive even when they are clinically dead. But again, there is always an end.
Equities and commodities markets in particular have levitated despite economic fact that their fall will be ever more spectacular. That fall has now begun halfway through 2015 . . .
New signals of market crisis are generating every two to four weeks as we grind on toward the third quarter. This is in stark contrast to the heavily predictable market behavior of the past three years. I realize that we are experiencing a “slow boil” and that many people may not even be taking note of the exponential increase in negative economic signs, but really think about it: At the beginning of 2014, what was the general financial sentiment compared to today? (Read more from “Economic Reality Now Catching up to Market Fantasy” HERE)
Follow Joe Miller on Twitter HERE and Facebook HERE.
