The Phaserl



by Andy Hoffman, Miles Franklin:

It’s early November, but today’s article may well be one of the most important of the year.  In my view, barely less so than January 2nd’s “direst prediction of all,” when I discussed my rational for collapsing commodity prices for years to come.  Which, I might add, was written when WTI crude oil was $53/bbl vs. $45/bbl today; and the CRB Commodity Index, at 230 vs. 195 today, having briefly touched a 40-year low of 185 in late August.

In Monday’s “how’s Economic Mother Nature doing?,” I quantitatively demonstrated that despite relentless manipulation of “last to go” markets like the “Dow Jones Propaganda Average” and paper PMs (per last night’s 120thSunday Night Sentiment” raid of the past 124 weeks, and 540th2:15 AM” attack of the past 617 trading days); and unprecedented money printing from the ECB, BOJ, PBOC, and dozens of other “final currency war” participants; the “unstoppable tsunami of reality” is wreaking havoc on global commodities, currencies, economies; and yes, many financial markets as well.


Moreover, since October 2014’s “end of QE – LOL” and “countdown to the Yellen Reversal,” I’ve vehemently discussed why raising rates was not only impossible – for the Fed, or any Central bank – but that such a move would be financially and economicallycataclysmic.  To the contrary, negative rates and “QE to Infinity” appear to be far more likely scenarios; which in Europe, Japan, China, and countless other nations, has already proven to be the case.  In fact, the below chart demonstrates just how comical the Fed’s current pretense of “leaving the door open” for a potential December rate hike is – given that U.S. manufacturing activity has plunged to its lowest level since the 2009 financial crisis.  Not to mention, Whirlybird Janet continues to insist “employment” and “inflation” are the two most important inputs to the Fed’s monetary policy decisions – whilst the Labor Participation plunges to a 37-year low; and the BLS’ own “inflation gauges,” like the CPI, flashnegative results.


Since the Fed supposedly “ended” QE a year ago, all global economies have plunged; and nearly all financial markets as well – particularly, commodities and currencies.  Meanwhile, debt of all kinds have started to go parabolic; and the aforementioned, unprecedented overcapacity of everything from commodities, to infrastructure, to government itself suggests the bleakest economic outlook in decades.  As I put it last week, the “worst global economy of our lifetimes.”  And now that the U.S. has been armed with a spanking new, $19.6 trillion “debt ceiling” – which willimmediately be deployed to send troops to Syria, amongst other atrocities – the outlook for monetary inflation has never been higher; and with it, economic stagnation.

However, amongst these horrific economic headwinds – and countless others – the true “bullet to the head of the 2016 economy” may well be Obamacare; as its ever-expanding Communist reach promises to bankrupt countless thousands of lower and middle-class households; accelerate the Federal government’s financial collapse – and with it, the Fed’s money printing; and create a staggering fascist miasma of corruption, inefficiency, and wealth disparity.

To that end, let’s go back to my June 29th, 2012 article, “S.C.O.T.U.S. changes the U.S.A. to R.U.S.S.I.A” – in the aftermath of the Supreme Court’s unfathomable decision to uphold Obamacare, in a 5-4 vote in which the only justice to vote against party lines was Chief Justice Roberts, a Republican appointed by George W. Bush.  In other words, the reason Obamacare exists is because, incredibly, a Republican voted in favor of it – no less, the most influential Republican judge on the planet.  To wit, here’s what I wrote at the time.

“The U.S. Supreme Court just registered its worst decision in America’s 230 year history.  In a nation already generating $1.5 trillion in annual deficits – on the verge of yet again breaching its debt ceiling; amidst an environment of economic freefall and unending war; accumulating tens of trillions of new debt to pay for universal healthcare is financial suicide.  Moreover, the government destroys everything it touches – so giving it the authority to manage healthcare will surely yield dramatic productivity declines and cost increases.”

And here’s the gist of the MUST READ article I wrote a year later, in June 2013’s “Obamacare Catastrophe.”

Read More @

image: Wikipedia – The President and White House Staff react to the House of Representatives passing the bill on March 21, 2010.

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