Stock Market Draws in More Sucker Money by dara1111

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									Stock Market Draws in More Sucker Money




Our stock market went wild yesterday. The ostensible reason was the announcement that an agreement
had been reached in Europe. Using the word “agreement” is an insult to any reasonable dictionary
definition. What was announced was that “there is a sort of thing that most of us like but we haven’t
worked out any details yet.” Apparently, based on the fact that neither Merkel or Sarkozy did not murder
each other or anyone else in attendance, markets saw great progress.


The reality is that Europe is gone, kaput! There is no way to hold it together. The problems surfacing
now are insurmountable. They were not ten years ago, but they are unsolvable today. Bob Chapman
describes their plight as follows:


… the system cannot function without perpetual quantitative easing or stimulus. That is because no attempt
has been made to solve the problems of the economy and unemployment. In the US, UK and Europe only
the financial sectors and governments have been recapitalized.


Graham Summers details why the “solution” is anything but in an article entitled The Greek Deal
Accomplishes Nothing… Systemic Risk is Coming
It should be noted that the US faces the same calculus with respect to debt and more of it coming. We
are past the point of mathematically solving our problem as well. We have the luxury (or curse) of a
government-controlled central bank which makes it easier for us to inflate faster than Europe. We also
don’t have competing nationalities vying with each other.


We are similar in the sense that ordinary citizens are being bilked to save the elites, a fact increasingly
being recognized on both sides of the pond. Civil unrest is just beginning in both areas. It seems to be
the only way that ordinary citizens can be heard.

								
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