Sunday, March 7, 2010

Debt, Credit, Inflation, Deflation, the Banks, the Dollar, and Markets - The Big Ugly Picture

It's been a while since I've posted. Maybe you thought I went back to sleep but no, I've just been reading and following the markets. When I read, I'm very still and sometimes appear to be dozing, but that is an illusion soon dispelled after a tap on the shoulder sparks me into a flurry of clever sayings, such as, "What the xxxx! What do you mean by sneaking up on me like that? What time is it? Xxxx, I think I'm supposed to be somewhere," and such.

Where was I? Oh, yeah. I've been meaning for some time to post a significant big picture piece on the monetary system, including the problems of: debt, credit, inflation, deflation, who's behind our financial problems (no secret there - it's the banks), and what it implies about the dollar and markets - dangerous times ahead. That covers a lot of ground, but thankfully there are writers willing to address bad news, even if very few are to be found within the mainstream media.

The articles that follow, especially the first two and the fourth, are very broad brush and cover much of the aforementioned ground. In the week ahead, I'll try to update this piece with commentary about each article and maybe add an article or two more. Even with their arrangement in simple chronological order, their titles provide a fairly clear indication of the big picture.

Inflation / Deflation, Credit Bubble, and the Fed, undated

Economic Black Hole: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover, undated

The Feds Were Quick To Bail Out Their Friends At The Big Banks But Are Letting All The Small Banks Die Like Dogs undated

20 Reasons Global Debt Time Bomb Explodes Soon - Which trigger will ignite the Great Depression II?, by Paul B. Farrell, February 2, 2010

Rosenberg: Forget The "Flat" Pending Home Sales Number, Here's The Real Disaster, by Vince Veneziani, February 3, 2010

How to invest for a global-debt-bomb explosion - Prepare for an Apocalyptic Anarchy Ending Wall Street's Toxic Capitalism, by Paul B. Farrell February 9, 2010

Depression 2010 - Western Fiat-Money Finished?, Wednesday, February 10, 2010

Sovereign Alchemy Will Fail, February 11th, 2010 by Egon von Greyerz

Two Possible Paths With the Same Endpoint, February 12, 2010

US Debt Will Keep Growing Even With Recovery - US Debt Will Soon be Unsustainable Without Higher Taxes and Spending Cuts, Even With Recovery, by Tom Raum, February 14, 2010

Disillusioned Bayh advocates electoral “shock” to broken system, February 16, 2010

State and Federal Borrowing Is Crowding Out Everyone Else, Feb 22, 2010

Bullish a Year Ago, Robert Prechter Now Sees "the Biggest Bubble in History", by Aaron Task, February 24, 2010

Will the US Devalue the Dollar?, by Darryl Robert Schoon, Mar 3, 2010

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