A safe and Happy New Year wish for all my friends and family. Things will be getting worse before they get better. At least it will not be dull.
"An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.
Many people are very confused these days. They should be. Slowly the nation is coming to grips with a harsh reality that a garden variety recession has not dug its roots inside the body economic of the United States. This is much worse. This is an economic and financial system horribly plagued by insolvency, with vicious cycles causing severe momentum in the damage, where the entire system is facing potential ruin in a disintegration sequence during a virtually unstoppable liquidation process. The broken credit clutch cannot disengage. This is not a deflation episode as portrayed, but rather a broad powerful liquidation phase. As a veteran contact put it, “Cyclical change is easy to understand. What people don't get is that fact that we have systemic change and a paradigm shift of epic proportion. All these idiotic analysts try to find the future in the rear view mirror. Good luck.” "
http://www.financialsense.com/fsu/editorials/willie/2008/1226.html
Pakistan is a mess and will get worse.
http://news.yahoo.com/s/ap/20081229/ap_on_re_as/as_pakistan_valley_of_fear
