NPC US Geological Survey fire, F Street NW, Washington DC May 18 1913 I can do this in just about random order, the idea should still shine through, and crystal clear at that. We’re on the verge not of a market correction, but of something much bigger. All it takes to know that is to connect a few dots. Ironically, the very same financial press that reports on the dots, refuses to connect them. Don’t they see it, or don’t
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DPC Masonic Temple, New Orleans 1910 • Bank of Japan Bazooka To Spark Currency War (CNBC) • China Faces Trap In Currency War (MarketWatch) • Germany Ready To Accept British Exit From Europe (Daily Mail) • For Japanese, Are Higher Prices Really A Good Thing? (Reuters) • Yen’s Worst Yet to Come in Options After Kuroda Shocks (Bloomberg) • The Experiment that Will Blow Up the World (Tenebrarum) • Boj’s Desperate QE Move To Hurt Japanese Spending Power (Steen Jakobsen)
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John Vachon Boy on porch of general store, Roseland, Virginia April 1938 I often find myself wondering what people, people in the street, western people in general, my readers perhaps, think when they see something like the recent Unicef report, Children of Recession: the Impact of the Economic Crisis on Child Wellbeing in Rich Countries, which states that child poverty in developed nations has risen significantly. How many of you who live in Europe still see the EU as something
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Russell Lee Dillon, Montana, trading center for a prosperous cattle and sheep country Aug 1942 • Financial ‘Experts’ No Better At Finance Than Normal Humans (HuffPo) • Child Poverty Up In More Than Half Of Developed World Since 2008 (Guardian) • Did QE Work? (Zero Hedge) • History Will Surely See QE As A Major Mistake (Telegraph) • Beware The QE Bubble, This Feels A Lot Like 1999 (Zero Hedge) • ‘Another, Bigger Market Selloff Coming’ (CNBC) • European Growth
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Jack Delano Window display for Christmas sale, Providence, Rhode Island Dec 1940 • Japan Stimulus Likened To Bear Stearns (CNBC) • The BOJ Jumps The Monetary Shark (Stockman) • Japan Risks Asian Currency War With Fresh QE Blitz (AEP) • Markets Are Still Addicted To Money Printing (CNBC) • Central Banks Answer the Markets’ Prayers – For Now (Bloomberg) • Japan’s Shock and Awe (Bloomberg Ed.) • China’s October Factory Growth Unexpectedly Hits 5-Month Low (Reuters) • Gold Sinks To
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