Celente has been calling this a bailout bubble for awhile as is schiff.
I think we are screwed so bad and so royally that they are intentionally keeping the truth from us for fear of bank runs and people hoarding stuff.
That is definitely what they are doing.
They are trying to float this through the Nov. midterm elections.
If you compare most of the critical numbers, we are set up for a crash worse than the follow-up crash after that of 1929.
The only trouble is that we can’t borrow our way out of this recession/depression (because it is a credit/debt-based recession, not an inventory-based recession) and we can’t manufacture/produce our way out of this.
When it crashes, the only remedy is to free the markets up so that we can clear out this bad debt. It may take 10 years of economy agony to right this economy.
The other alternative is that people panic about lost fortunes and lost retirement and they demand a global currency run by a global bank.
Which makes a lot of sense, when you think about — to demand that those who caused this catastrophe to control over all the world’s economy. (sarc, obviously)
“I think we are screwed so bad and so royally that they are intentionally keeping the truth from us for fear of bank runs and people hoarding stuff.”
And I think you very well may be right!