Thursday, July 10, 2014

Paint on the Tiny House

You folks seem to like the video at the beginning of the blog posts - so here we go.
Now on to more serious matters, namely indications of economic conditions. There has been a lot of bad news in Europe and the Middle East and of course we have our own domestic problems but on a more fundamental level we are seeing an economic trend worldwide toward more financial manipulation. We of course know we are the trend setters in manipulation of every kind and now we have France wanting to debase their monetary supply by printing more currency to be more competitive in the world market place. The same country that proclaimed last month that 60% of their debt was illegal. Doesn't it seem a little coincidental that the head of the IMF is French. How about Germany - the driving force of the EU - looking for more bail outs because half of their country is bankrupt. Here in the U.S. we have the president asking for 4.2 billion to deal with the illegal children coming over the Mexican border when it would only cost 100 million to fly them back home - could that money be for funding a bunch of other things ? He won't say.

I read an article recently by Dr. Rickards about how important the next policy statement of the Fed is to the direction of our economy. If they continue the tapper on QE 3 it will drive us further into recession and if they pause on the tapper or reverse the tapper it will cause international loss of confidence in the our financial system. I don't know but it sounds like there is no way out that isn't going to cause us pain. Exactly how sure are you that our government will do the right thing ?

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