Business as Usual

Pay no attention to the man behind the curtain; it's just old Jorge Santayana, mumbling something about the past. Crazy old man...

Dear Reader,

When I ramble on about our economic cholera or the horsemen in it’s wake, visible only now by the dust they raise from their hard ride, the question, or casual dismissal, even, is oft raised "If things were really that bad, why isn’t it all over the headlines”, and deserves an honest answer.

I’ll give you two.

First, it is in the news, from many different angles. It has been for years. The buy high and sell low crowd, which is a substantial majority, and which, statistically speaking, you are most likely a card-carrying member of, does not properly interpret the meaning, and therefore draws no useful conclusions.

Second, in the Great Depression, things really were that bad and it wasn’t all over the headlines. As described in the article below, the headlines of the Great Depression were the same as today; they were reading about what nonsense celebrities were engaged in, and meaningless puff pieces about business characters.

It will, once again, be as bad as it was then, and then it will get worse, for reasons I will elaborate on elsewhere.

For now, I invite you to take a look at the article- Five Things You Need to Know: The Modern Stealth Depression, by Kevin Depew, from Jul 16, 2008. You may find it here-

http://www.minyanville.com/articles/depression-california-housing-mortgage-time/index/a/18055

If you find yourself beginning to ask questions that you don’t have answers to, you may take the red pill, and begin your journey here-

http://www.shadowstats.com/