muses of the moment

June 12, 2013

Pay Attention!

Remember when groovygirl said that every industry not based on tangible assets would fail during this debt collapse cycle?

Insurance

Insurance industry has acted like and been used as the banking industry for the last 40 years or so, click here:

Mr. Lawsky said he was struck by similarities between what the life insurers were doing now and the issuing of structured mortgage securities in the run-up to the financial crisis of 2008.

Banking

Remember when groovygirl told you that the swaps and derivatives (especially those tied to the mortgage-backed securities) were NOT resolved and will blow up again?

Seven banks, the ones that hold the majority of these swaps, get a 2 year reprieve. Click here. They are getting a reprieve because if they had to mark to market on their books, they would be bankrupt. Even after applying the new creative accounting rules. Yes, that is how bad it is.

Government bought and paid for, click here.

Dodd-Frank can never be applied to the too big to jail/fail banks. It would cause the world to see that the US banking system is already done, failed, collapsed, a figment of market’s imagination.

Only a matter of time….

Another Day, Another Manipulation of Markets Revealed

Filed under: Credit Derivatives, Economic Crisis, Odds 'n ends, The Dollar Crisis — Tags: — totallygroovygirlfriday @ 10:54 am

All of these market manipulations have been to hide the fact that each system is unsustainable and imploding.

Click here from Jesse’s Cafe Americain. Surprise, exchange rate markets have been manipulated.

Groovygirl loved Jesse’s picture on this post of a scene from The Black Adder. GG’s favorite British comedy after Monty Python, but before Absolutely Fabulous.

From Jesse:

Markets have a significant role to play in the economy, and that function has been allowed to become warped and perverted through corrupt practices, with serious real world consequences, that accumulate and worsen over time, which we have yet to discover.

Groovygirl says: there is a tipping point in confidence in all systems, including financial markets, banking, and governments. Can’t be too far off. Tipping points are strange things. It takes about 20% to tip the rest of a culture or society…..it really is like a pendulum, like Martin suggests. The pendulum swings to one side and seems to suspend there for a long time. But then, once it hits a certain point, it gains heavy momentum and swings the opposite direction…fast.

Here is a blog post from Martin Armstrong dated June 12, 2013, circling around the idea mentioned above….click here.

Most readers have already lost confidence, if you feel alone, you will not be for long.

10-year T-Bond Long Cycle Chart

Filed under: Economic Crisis, Housing Market, The Dollar Crisis, The Federal Reserve, US Government Debt — totallygroovygirlfriday @ 10:40 am

Good chart for long-term 10-year Treasury. Click here.

We basically have to be above 4% to break out of the current long-term down trend trading channel. However, higher yields within this channel has the potential to effect the fragile US and global economy and the Fed’s easing plans.

Interview over at Chris Martenson’s site

Filed under: Odds 'n ends — totallygroovygirlfriday @ 7:38 am

Ron Paul talks to Chris Martenson at peakprosperity.com.

Click here.

A Quote

Filed under: Odds 'n ends — totallygroovygirlfriday @ 1:36 am

“The private control of credit is the modern form of slavery.”

Upton Sinclair

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