I wrote last week about how economic (not necessarily stock market) conditions are worsening, and we are beginning to see the effects of our reckless spending on entitlements, feminist pork, war, and other needful things.
Hold onto your hats gentlemen, cause things are going to get rough.
From Market Oracle.UK:
Dollar Devaluation Is Annihilating the Middle Class and Worse is Yet to Come!
You Want to Know Why You Feel Like You are Struggling Financially?
Because the U.S. Dollar Has Just Been Devalued by a Third Over the Past Five Years.
And more devaluation is coming. Perhaps another 50 percent. The markets are convinced that the Fed is going to drop rates again on Halloween by another half percentage point. This means hyperinflation, and all markets moved accordingly Friday. The Dollar hit a new low, at 77.00, and is worth 53 percent of what a Euro is worth.
This is a massive currency devaluation right before our eyes. It means the cost of everything is going up, which the Master Planners figure will diminish the debt load as debt contracts are expressed in Dollars from the past that were worth more than they are now. Those debts can be paid back in the future with dollars that are worth less. But this thinking requires folks to get their hands on a greater quantity of these devauled dollars. This thinking is ludicrous, but reality.
When the Master Planners devalued the dollar over the past five years, they raised the cost of living for everyone. The Middle Class is getting annihilated from this silent event. Incomes are not keeping up. This was done because this administration “equates stock market success with economic success and has directed their efforts to drive up equities at literally any cost,” to quote one of our subscribers...
Be sure to read the rest of the Market Oracle piece.
Speaking of manipulation, please see this excellent article at Goldseek that explains who has been intervening in the financial markets as of late, and why.
Now is the time to keep your eye on the birdie, no matter what you may hear on CNBC.