Numbah Ten!.......from Rico

The FTSE, DAX, S&P, and NIKKEI have all been chugging along, seemingly 'flat' or slightly negative if you do not consider the debasement and devaluation of their fiat currencies.

Central Banks, however, seem to understand that the 'jig' is up and have suddenly reversed-trend and have stopped selling physical gold.

And meanwhile, back at the ranch the American retail investor (Mom & Pop) still believing that USG debt is the safest place to be right now are buying bonds to the endless drumbeat from the FTV (CNBC, MSNBC) chanting "We're #1! We're #!!" quite oblivious to their real world ranking as #10 safest sovereign debtor.
- Some of my Vietnam-era colleagues may remember the expression "numbah ten" which meant very bad, the worst.

This is "numbah ten" defined, and it's gonna get worse from here...