You can TRUST the Candyman!
- Oh joy!
Our beloved Central Banker Ben says we live in a world where everything is wonderful, and nothing bad ever happens...or is allowed to happen.
- Financial miracles, happy fiat dreams, and rainbows everywhere!
Why, the US GDP increased by half-a-trillion dollars today. (Ignore that $550K bn in 'growth' was achieved by faking the numbers.)
EUrozone Banks and Cyprus are now OK. (Ignore the EUro 425 bn deleveraging by DB, Barclay's declaring a Pound 12.8 bn capital shortfall Tuesday, or the Cyprus 'haircuts' which have grown from 30% to 47% to now 60%...anybody care to bet 80%?).
Gold and Silver are BAD. (Ignore the huge drops in LBMA and COMEX inventories, the nearly 20-days of negative GOFO rates, and the growing disconnect between COMEX paper spot prices and the physical price of actual deliverable bullion supply).
And it's NOT like the Cartel would use the tandem GDP and FOMC announcements today to monkey-hammer the paper spot prices of PM's on the COMEX today, or anything. (Ignore the 'algo's gone wild' again).
PS - Here is some MORE happy news! The IRS (106,000 strong today, to reach 122,500 via Obamacare) has more agents than some armies have soldiers. Huzzah! The German Army has 68,500 troops Canada 68,250, and Spain 75,000), and let's not forget Big Sis's DHS Stasi that keeps us all safe from ourselves. Don't you now feel all warm, cozy, and happy?
It's ALL good!
Wednesday, 31 July 2013
It's ALL good!.......................from Rico
From Theo Spark at 18:05
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