I think this is it. Game time. To the people orchestrating this disaster, its the ultimate joke; a woman running the Fed and a black man as the president. From their point of view, the planned destruction of the economy could not have been timed any better.
The most recent jobs data was abysmal. As the bad economic data keeps pour in, eventually there’s going to be Lehman Brothers 2.0 banking crisis, and Yellen will be there to bailout the failing banks. When the new uber-bailouts happen, our foreign trade partners are going to throw in the towel. Walmart prices will look like Neiman Marcus after the Chinese start demanding payment in commodities and dump their treasury holdings. China isn’t going to stand idly by while the US central bank turns their trillion dollars of bonds into worthless junk to save the American financial markets.
Incidentally, this is going to take us on a path to war. The politicians will instigate something to divert our attention from the total economic chaos they have created with their insane economic policies. They will blame the coming meltdown on China. They will pick a fight and start shooting. That’s what they do. American politicians are not going to stand idly by and take the blame for an economic disaster they created. They would rather start a global war that their crony business partners can make money on. Let’s hope this time they don’t bite off more than they can chew.
It sounds like Peter Schiff shares my sentiments.