Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Preparing for the Full Force of Reality

Economics / US Economy Sep 15, 2014 - 02:59 PM GMT

By: Dr_Jeff_Lewis

Economics The real economy is suffering and getting worse by the day. The imbalances created by giant finance will not go away, regardless of intervention.  There is an odd phenomenon at work. Society is now fully accustomed to the disbelieving the gap.
 
Yesterday, things were going well. The market went up in spite of itself. Tomorrow ought to be the same.  Everything must be fine.


The invisible hand is something that cannot be understood.  It's like quantum physics; if you think you understand you obviously don't.  But at the base of it all - simple principles are constantly at work.
 
I live near the ocean. By a beach with notoriously strong currents and cold water.  Of course, my kids don't seem to feel it. Perhaps they don't have enough emotional associations with what it means to be cold.
 
Occasionally, I take them to the beach with me. Despite many years surfing, I am ‘emotionally’ tied to the comfort of wearing a wetsuit.
 
To the horror of my wife, I let them play near the edge, up to their knees. I am their personal lifeguard. They only venture out to my comfort level. They stay close. They are perfect ages, old enough to listen and young enough for very simple pleasures.
 
I watch the oncoming sets of waves breaking on the shore. If the swell is strong enough, and the tide just right, every once in a while a rogue wave will come in….
 
Just before the most recent jobs report came out like it always does on the last Friday of the month, I expected the same.  To my surprise, courtesy of Zerohedge.com, we got the following. What’s fascinating about this is that it represents a trend we are beginning to see where officials are coming around to a list of unmentionable realities over the course of the last financial crisis.
 
 "53 Million Temps: All You Need To Know About The "Jobs Recovery"
 
After years of ignoring the obvious, the Federal Reserve has been finally forced to admit that the labor force participation rate matters and, in fact, has started to point it out as a clear negative when it comes to Yellen's "dashboard" of thresholds.

These thresholds will allow the Fed to raise rates (for the obvious reason that the Fed is desperate to delay ZIRP as long as possible and is now highlighting all that is wrong with the economy, contrary to Obama who is still focusing on all the rigged greatness of the US recovery).
 
Think of all these people out of work, dependent on handouts, and hope.  Forced to ignore reality and more open to propaganda. 
They face a constant state of uncertainty. Under the surface is a trembling panic which
 looms larger each day. Damaging, growing in parallel with the fantastic peril perpetuated by finance and easy money. Unsound money that predisposes society to social unrest. A discontent that will incite the coming collapse.
 
 Nothing can be done, though they will try.
 
Remember the last financial crisis? It is well known (and bipartisan) that no one in any major position of power was prosecuted for the obvious frauds committed. Frauds committed years before they manifested in the financial markets.
 
Taken as a premise, there is no reason for anyone of influence (a tiny, ever so concentrated elite) to consider the risk of a repeat. Therefore, we get more of the same from Congress up to the Treasury and over to the Federal Reserve - a revolving door club in between.
 
I read an old familiar comment the other day that captures how ignorance and fear go hand in hand: "People who advocate precious metals are advocating a period of chaos and confusion".
 
This statement conveys all that has gone so horribly wrong with the socio-cultural frame of reference about money and wealth.
 
Sadly, the only thing that can be done about it is to let it happen and, therefore, prepare.
 
It's not about hoping for some worst case scenario. It’s always about preparing - especially when the writing is on the wall and we are far past the point where further intervention can bring us back.
 
On this particular day, the kids were having fun, innocently frolicking in the shore break. I watched it all unfold. I've seen it maybe a million times.
 
A solid wave arrives like a little tsunami; a surge preceded by a mesmerizing drop in the surface level as the incoming wave causes the water to recede.
 
It swept both kids into the water. Their feet and legs vacuumed out from under so fast it almost seemed like it was choreographed.  Of course, they were fine. I was right there to see the priceless (harmless) looks of panicked surprise.
 
But I’ll never forget how unassuming that rush of water was - how it came from nowhere like that. Yet I knew it was coming eventually.
 
The point is that the familiar desensitizes to logical dangers.  These financial times are only complex in terms of the manifestation of financial abuse, not the basic economic principles.
The basic principles are principles for a reason - they don't change. You can live by them.
 
When reality comes in, it arrives with a vengeance.

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2014 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in