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Perception and Propaganda

Ranting Andy
|
Monday, June 11th

SilverSeek.com Comment Wire

 

Today, we are experiencing a MAJOR inflection point in TPTB’s attempts to influence PERCEPTION with MONEY PRINTING and PROPAGANDA.  This weekend’s impromptu “Spanish Bailout” was botched as badly as Facebook’s IPO, by the supposedly “top financial officials” of Europe.  The “bailout” is nothing of the sort – simply €100 billion of PRINTED MONEY LOANS to insolvent Spanish banks, making them even more indebted as the Spanish economy collapses.  Better yet, the money is supposed to come from the ESM – or European Stability Mechanism – which hasn’t yet been ratified by Germany! 

 

Consequently, ALL early European and Dow market gains turned into losses, with Italy COLLAPSING 3% as its CDS and bond yields soared.  Despite GARGANTUAN efforts to prop up the Dow and suppress the ultimate safe havens, as of 2:30 PM EST, PMs are UP on the day, and the Dow is plunging. 

 

Today is a MAJOR, MAJOR failure for the market planners in Europe.

Andrew C. ("Ranting Andy") Hoffman, CFA

Marketing Director

Miles Franklin Ltd.

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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