Friday, January 14, 2011

The denouement. III. Stagflation.

The Obama regime and its defenders in the Media greet every sign of improvement as if all our problems are near solution. But, if you read the Drudge report, you get an entirely different picture. 1. "Jobless Claims Jump, Wholesale Food Costs Surge" says one headline; "Banks repossess 1 million homes in 2010...May Jump 20% in 2011," says another. "S&P, Moody warn on credit rating." There is another article on the possibility of the FED needing a bailout and the Financial Times asks what will happen if the US defaults. Natural disasters add to the feeling of coming doom: the floods of Australia and Brazil seem to coincide with the economic denouement.

In the meantime, the Nation witnessed one of the most sordid episodes of journalistic malpractice, as the Media is trying to smear the Tea Party in general and Sarah Palin in particular. The purpose? To stop opposition to the Obama regime destroying the economy of the Country. Obama, by asking for more civility, is really telling his opponents to shut up.

March may be the start of the denouement. Gold prices are forecast to leap, along with retail food prices. Reducing our bond rating may require further money printing and several States and hundreds of cities face bankruptcy. CHANGE might be all that's left of the Dollar.

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