When the MSM Gets It, Everyone Else Can’t Be Far Behind

by Andy Hoffman, MilesFranklin.com:

It’s amazing how “good” economic news – like Thursday’s GDP and Friday’s employment reports – miraculously emerges after the Fed announces indefinite QE continuation, isn’t it?  To wit, going into such meetings, data is typically allowed to be seen for what it is; as amidst the complex game of propaganda, sometimes truth can be as effective as the lies written of this morning by Bill Holter.  However, once the “no tapering” deed is done, economic lies typically return in full force – perpetuating the endless myth of economic “recovery.”  You know, the one I disproved last week – which will never occur amidst the terminal stages of an historic fiat Ponzi scheme.

Of course, the GDP and NFP reports were as transparently flawed as three-legged dogs; and if not for ceaseless manipulation by the PPT and gold Cartel with nearly identical daily algorithms, it would be painfully evident just how endangered the nations finances are.

Case in point is Friday’s post-NFP “market action”; in which the Dow didn’t budge until 90 minutes later, when the biggest consumer confidence plunge in two years was reported.  And oh yeah, the nearly daily Federal Reserve “permanent open market operations” that inject cash into the market.

This is why the “dead ringer” trade pattern appears most every day – just as “the 2:15 AM” now does in the paper pm markets; in fact, on an incredible 112 of the past 124 trading days.  Throw in the fact that interest rates rocketed higher Friday – i.e., the very factor that soured markets this summer; and you can see just how hard TPTB are working to mask reality.  Worse yet, the moral hazard created by such reckless money printing and market manipulation is causing bubble-like characteristics to return – such as record margin debt, hedge-fund leverage, and equity valuations relative to underlying economic activity.  Regarding the latter, it’s utterly scary how many such charts I can produce; in many cases, making the infamous internet bubble of 1999 look tame.

Read more @ MilesFranklin.com



Categories: Economy, MSM

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