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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

July 11, 2014

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INFLATION FANTASY
By Michael Pento

(condensed)

The Fed chose in its latest press conference to claim the recent 2.1 percent increase in prices merely represented “noisy” readings in the inflation gauge. However, the truth is that rising prices are a direct result of years’ worth of zero percent interest rates and $3.5 trillion in money printing provided courtesy of both Banana Ben Bernanke and the Counterfeiting Queen, Janet Yellen. Inflation is seen not only as a dear friend; but one that they never seem able to recognize face to face.

But the joke will be on these market manipulators and legalized counterfeiters in just a very short amount of time. Doubling down on the failed strategies of debt, inflation, currency destruction, regulations, taxes and artificially low interest rates will soon explode in their faces once again – but only to a much greater extent this time around.

The most humorous part of all this is Wall St. and Washington have duped most investors into believing the fairy tale that our central bank can end a multi-trillion dollar bond buying program and six years of ZIRP without experiencing any ill effects. And, at the same time they are telling us that economic growth will be accelerating, while the cost of money and the rate of inflation do not increase. I can assure you that there is virtually a zero percent chance of that happening. Therefore, I'm convinced our government's fantasy will end in a catastrophe for markets and the economy.