In his latest always-readable report in Gary North's 'Reality Check', the renowned Bill Bonner declares that the economists suggest property prices still have further to fall, by as much as 7% nationally. However, he thinks that this is optimistic, with a further fall of 20% yet to come, and a total of a quarter of all mortgage-holding houseowners due for dispossession by foreclosure. Unfortunately, he is usually pretty darned right.
He further reports that 'the gentle rebound', presently being experienced, has obtained 600 billion in additional output, but in reality has been purchased at a cost of the 'Quantitative Easing' sleight-of-hand creation of 6 trillion.
This printing of mere paper and its injection as six trillion in mirage 'value' of course has to involve the introduction of massive inflation, which - as just another form of taxation destined for just the same rapacious maw, will work its way into the system over the coming year or two. By this time, Bernanke, the present lackey at the head of The Fed, like his counterpart Trichet in the 'Euroland central bank', will likely be safely out of office and any positive action on our part will have been allayed by our being by then used to the idea that these are just the only-to-be-expected 'hard times'.
Those who are all-too-aware what is going on, know that Bernanke has no free hand in this and is simply carrying out the instructions of his masters in The City, the owners of almost all the world's 'central banks', in this present carefully-planned and -regulated exercise of their routine 'cyclic crises' by which they milk the productive efforts of the entire planet's populations.
Don't you think that, while they are allowed to inflict their fiction of 'finance' on almost the entire planet, with the recent blemishes of Afghanistan, Iraq and Libya now out of the way and Syria and Iran about to be brought to heel with the imminent imposition of more-correctly-aligned and -productive 'central banks', these financial plunderers should be prevented from monkeying with what they have made our lifeblood? Otherwise, their excesses in the making of their gross fortunes decide whether or not we, the majority who no longer have land on which we can grow our food, their 'Round-up' herbicide notwithstanding, even eat?
Don't you think that these Few and their destructive fun-and-games should be reined in, not only here but all over the world where they reap with even greater rapacity, and that their even-more-ominous declared plans for the rest of us should be circumvented before they can be put into effect, rather than grieved over by any survivors when it will already be too late?
We really do have to ask ourselves, once and for all, is this bounteous planet for its six billion more-or-less natural inhabitants who need it, or solely for these Few devious monkeys with their insatiable appetites depraved by the illusory 'value' of their invented cash? After all, they would be just as happy playing Monopoly harmlessly in any asylum for such poor sick creatures, in which we care so much more safely to lodge them.
Now, come ON!