What is truth?

By: Jim_Willie_CB

Wow!! The billboard signals of extreme crisis are overwhelming. Three years
of near 0% with no recovery. A full year of ample USTreasury and mortgage bond
monetization with no recovery. Tons of cash aid deliveries to the big US banks
with no recovery. Some key corporate nationalizations with no recovery. Oodles
of errant stimulus programs with no recovery. Some important misdirection in
home loan aid initiatives with no recovery.

The US Federal Reserve admits it can do nothing more as a recovery remains elusive. The USGovt is paralyzed by disguised fascist warmongers opposed by disguised marxist collectivists, but intent on maintaining the status quo among bank fraud. An approved accounting fraud directive is kept in place to present a picture of bank solvency.
Intermediate credit markets have come to a standstill.

The US stock market is in tatters. The USTreasury Bond market is the only
conventional rally at work. And with all these programs, developments, and
events, the USEconomy moves toward a recession with relentless determination
and purpose, In today’s age of lying about price inflation by at least 5%, that
means the recession is about to turn into a Minus 5% Recession after never
exiting the recession recognized in 2009.

The billboard messages are dire, ugly, dreadful, dangerous, and full of destruction, typical of systemic failure. Too bad the Keynesian textbooks do not have a chapter on banking
system insolvency, or one quarter of the households living in negative equity,
or central bank toxic paper pits, or global currency war, or confiscation of
tyrant accounts. The ineffective monetary & fiscal policy has ushered in
the nightmarish systemic failure. That is what is occurring.

Full article at source: http://www.marketoracle.co.uk/Article30577.html

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