Willie’s financial analysis: Golden Eye of Hurricane

Sunset in the eye of a hurricane / Wikimedia Commons *

Golden Eye of Hurricane

By Jim Willie
financialsense.com

April 13, 2012

What an incredibly complex confusing and treacherous month. It can be safely said that 80% of the activity is almost totally kept from the public. The financial system is breaking in an accelerated fashion. Compare to some grisly horror movie where a man is strapped in a chair. The more he moves, the tighter the bindings pull on his gasping throat and pressed nether stones. The most significant two factors at work are the Iran sanctions and their powerful backfire, and the futile efforts in Europe to stem the banking center collapse. The anti-USDollar federation that spans widely across the globe is gathering strong momentum. Financial aggression is being met by financial alternative development. As Greece moved off the daily news fabrication factory, the reality of a collapse in Spain and Italy has moved to the front center of observations. Meanwhile, the American nitwits continue to argue over Quantitative Easing when it never stopped, and in fact, went global under their noses. The US news machine, dominated by the syndicate, churns out absurdities after more nonsensical bites on an economic recovery. The subprime loan machinery has ramped up. The retail factor does not tell of strength, but of weakness. Spending on consumption does not indicate strength, but a path to ruin still not well recognized. The gap between reality and reports is diverging.

Complete article HERE: http://www.financialsense.com/contributors/jim-willie/golden-eye-of-hurricane

© 1997–2012 Financial Sense

* Image reference:
Sunset in the eye of a hurricane – NOAA.jpg
Source: http://www.photolib.noaa.gov/flight/fly00226.htm
This image is in the public domain because it contains materials that originally came from the U.S. National Oceanic and Atmospheric Administration, taken or made during the course of an employee’s official duties.

The publishing of this image does not imply that the author endorse this article.

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