It would be funny if it weren't sad.

For years I have been suggesting that people become self-sustaining; able to subsist.  Failing that, I offered – for a short time – to do the development for everyone who had more money than time.  At least you'd be guaranteed food, water and a warm, dry, reasonably save place to sleep if it came to that.

Zero. Not one person expressed any interest.  Everyone was doing so well with their investments…why would they worry about something as impossible as the economy of the world failing?  Of food shortages?  Of their investments evaporating?
So no one participated with me and no one became self-sufficient.  During the last three business days, the entire amount of QuantitativeEasing2 disappeared.  It vanished.  It's gone.  A lot of people still don't understand how that will affect them but after tomorrow they may begin to get the message.  Quantitative Easing was the Last Ditch Emergency Effort the government had to keep the economy from failing but it wasn't a real effort.  It was a robbery and the economy is failing anyway.
Think about this.  BofA lost 30% of its value today.  If it loses much more, it tanks.  Gold is over $1,742 an ounce – almost $30 an ounce higher than platinum – and rising. Platinum and silver are both declining.  EVERY market indicator is down.
Some people are so desperate that they are buying US Treasuries at a NEGATIVE YIELD.  That's right.  They are buying paper that returns less then they paid for it.  But the thinking is that at least it will preserve their investment. My thinking is that when you get into buying negative yields, your investment strategy sucks.
So here we are.  Tomorrow is not going to be a better day.  People are finally realizing that  no one can fix it anymore. Tomorrow could be the last day of the civilized world.  Just my luck.  I'll be in Honolulu and miss it.

It would be funny if it weren’t sad.

For years I have been suggesting that people become self-sustaining; able to subsist.  Failing that, I offered – for a short time – to do the development for everyone who had more money than time.  At least you'd be guaranteed food, water and a warm, dry, reasonably save place to sleep if it came to that.

Zero. Not one person expressed any interest.  Everyone was doing so well with their investments…why would they worry about something as impossible as the economy of the world failing?  Of food shortages?  Of their investments evaporating?

So no one participated with me and no one became self-sufficient.  During the last three business days, the entire amount of QuantitativeEasing2 disappeared.  It vanished.  It's gone.  A lot of people still don't understand how that will affect them but after tomorrow they may begin to get the message.  Quantitative Easing was the Last Ditch Emergency Effort the government had to keep the economy from failing but it wasn't a real effort.  It was a robbery and the economy is failing anyway.

Think about this.  BofA lost 30% of its value today.  If it loses much more, it tanks.  Gold is over $1,742 an ounce – almost $30 an ounce higher than platinum – and rising. Platinum and silver are both declining.  EVERY market indicator is down.

Some people are so desperate that they are buying US Treasuries at a NEGATIVE YIELD.  That's right.  They are buying paper that returns less then they paid for it.  But the thinking is that at least it will preserve their investment. My thinking is that when you get into buying negative yields, your investment strategy sucks.

So here we are.  Tomorrow is not going to be a better day.  People are finally realizing that  no one can fix it anymore. Tomorrow could be the last day of the civilized world.  Just my luck.  I'll be in Honolulu and miss it.