“Now you see it! Now you don’t!” the Super Star Magician recites the magic words, “Allahu Akbar!” (in lieu of “Presto!”).
The Islamic magician, sporting a magnificently bejeweled turban (in lieu of a top hat), and a handlebar moustache (not strictly halal) with lascivious grins, first gropes the prone near-nude form of Europa in its intimate parts to prove to the audience that it is a real person and not a mannequin. Then the lights dim, he waves his baton, and sweeps his cape with its blood red lining before the table, and snaps it once with a deft flick of the wrist. When he jerks the cape away, the table is empty. In fact, the table itself has even disappeared.
How did he do that?? The audience applauds and wonders.
No one suspects that the table and its captive assistant vanished through a stage trapdoor. Continue reading
Janet Yellen signaled that the Fed is grappling with the problem I have been warning about; the dollar has become the de facto only real currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that the Fed is being lobbied by everyone to surrender its domestic policy objectives to international. This is precisely what took place in 1927. Yellen stated that the Fed should worry less about inflation domestically than about global growth risks. While pointing to the slowdown in China and depressed commodity prices, Europe is a real basket case. She used the words that the Fed must consider “caution is especially warranted” when it comes to raising interest rates. This has put most Fed watchers off to expecting any possible rate hike into retirement as they expect nothing before September. The BREXIT will most likely be rigged because it is exactly opposite of what they are telling the Brits that they will be isolated and the economy will collapse if the exit the EU. Nobody says Britain did fine before it joined only in 1973 or that it is the other-way-around; with BREXIT, Europe will fail. This heated issue in Britain is most likely the final nail in the coffin. Britain will collapse with the Euro and should have just handed its sovereignty to Brussels. Europe will never reform so it will be all go down together. The political risk in Europe is tremendous and Yellen cannot prevent that with simply interest rates. Continue reading