February to June 2014

Item 1

Jesse, Karl, Zero Hedge, Capitalists at Work, Sackerson, King World, Max, Janet, Economic Voice:

Common threads are OCDs, fictional money conjured out of thin air, destruction of the principle of “too big to fail”, bailout of the economically unviable and criminal

2014 economy

The bulls and the bears both joined in a chorus of warning.

Item 2

The HSBC, Lloyds and other bank restrictions on bnk withdrawals “to protect customers”. Take the eyes off the topic in itself for a moment and look at how this story has gone viral with all sorts of outlets running it = a great deal of unease.

Item 3

Predictions of a crash sometime around February/March 2014, for example:

Celente, Market Watch, Volcker and Walker.

Item 4

History pre-crashes, including the ’29:

http://www.history.com/topics/1929-stock-market-crash

http://americanhistory.about.com/od/greatdepression/tp/greatdepression.htm

And of course, the purpose of crashes:

http://www.thereformedbroker.com/2013/11/12/everything-you-need-to-know-about-stock-market-crashes/

Item 5

Perception:

The HSBC news and Volcker/Walker warnings can only serve, just as this minor post adds to and all the other blogs out there also do, to erosion of confidence. The more Cameron has said everything’s fine in real terms, which it’s his job to say, by the way, then the less our confidence as the PTB have engineered the deep distrust of the political class pretty well starting over here with our expenses scandal.

A study of Churchill and Roosevelt shows that it was largely confidence, i.e. a lie, which got things back on track, despite all the indicators. Happy days are here again. The difference this time round is that no one believes politicians.

Our confidence to spend has everything to do with economic recovery. Lost trust is the big one:

http://www.independent.org/publications/tir/article.asp?a=761

Item 6

Lost liberties, failed and deep-captured agencies [e.g. Fed], an agenda, changed policies, disintegration beyond actual crashes, walking off farms, manufacturing disappearing:

In the middle of the Great Depression, govt. doubled income tax.

2 comments for “February to June 2014

  1. john in cheshire
    January 28, 2014 at 12:17 pm

    James, from what Mr Reed states in the above video and what Diana West reports on her blog and by all accounts her book on the subject, FDR was in not a communist he was certainly a socialist. Until we in the West educate our children about the evils of communism/socialism there will continue to be people such as Messrs Blair/Brown and Mr Obama who will return time and again to our political institutions and impose the same wrong-headed policies, which we will initially allow them to do, in the mistaken belief that it all sounds plausible. But there is evidence for those who choose to see it, of what happens when socialists/communists are allowed the levers of power and the custodianship of our money. For some reason they are always given an easy ride when they are finally found out, whereas they treat their perceived enemies without mercy.

    • January 29, 2014 at 9:02 am

      Every word is true.

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