11 hours ago, Jorma said:If ever there was an event which would signify the end of an era or even an age then Madoff’s death would make for a perfect moment for a long term top. Sadly perfect stories rarely occur in the real world. I suppose we can view today’s red bar as just a tiny little sparkler to mark the occasion of his death. Certainly he deserves a high rank among histories greatest conmen.
Bernie ran a big Ponzi Scheme.
His only problem was that is wasn’t big enough.
We are talking many orders of magnitude.
Witness the partnership of the US Treasury and the Fed.
It has been so successful that Jaysus is Lord.
People keep asking the Fed high priests and interpreters when they’re gonna stop this shit.
The answer is always the same.
Not yet.
Not anytime soon.
Because they know they can’t stop. If they stop funding it, the Ponzi will collapse, and all their gangsta bank sponsors and clients and cronies will be destroyed.
The thing is, we face a cliff where the US Government will soon need a LOT more money. What will Lord Jaysus do. Walk on water? Teach the people to fish?
FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money
