It is utterly disgusting what the “Elite’s” think about the average person. Many of you might remember Leona Helmsley who will always be remembered for one of the most arrogant statements ever uttered: "We don't pay taxes. Only the little people pay taxes." That’s the attitude of the super-wealthy towards the humble masses. We’re the little people and they’re the kings and Queens of the kingdom.
While this is nothing new; as throughout history European nobility has always looked down on the peons…one doesn’t expect to hear it from our so called “leaders.” Yet what we saw come bubbling out of Janet Yellen’s trap last year is nothing short of “let them eat cake”. I’m surprised that more folks hadn’t jumped all over her statement.
The following is a short piece from the ECRI, which is the ECONOMIC CYCLE RESEARCH INSTITUTE. This is a pretty sharp bunch, and often does really good economic cycle research. This is what we found on one of their pages the other day…
...all the reports about this supposed epidemic are based on faulty data provided by governmental agencies that have admittedly lied and covered up such data in the past to promote fear and terror for political and economic ends... ignore it. Tune it out. Turn off the TV and observe the actual world around you.
This does not seem to be the end of the track for the Fed's gravy train just yet, though. The Monday sell-off was not based on any new data or earnings reports, just a general spookiness working its way through the markets...
...no executives will suffer so much as a sleepless night over the massive, systemic manipulation of the Libor rate and whatever system is brought in to take its place will be gamed in another way somewhere down the road.
As the long-term store of value that most gold investors understand their gold holdings to be, nothing has happened to change the bigger picture for gold.
Given the high stakes these agreements involve, why have we heard almost nothing about them? The obvious answer is that the rich and powerful interests that stand to benefit the most from these treaties are in bed with the interests that own the media outlets most people rely on for daily news.
Like Bob Chapman who passed away before him, Doctor Stan was part of a generation of pioneers who laid the groundwork for the modern alt media movement.
Of course, it's all hypocritical nonsense. America's closest allies in the Gulf, including the dictatorial House of Saud and the Qataris have been among the biggest suppliers of arms and funds for the Syrian jihadis.
This is spooking the market right now, which is worrying how this is going to eat into the bottom line of what could have been lucrative deals.
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The creator of the International Forecaster, Bob Chapman.