The markets last week saw alarming signs of global deflation. Oil prices continued their fall, closing the week down 7% in dollars and 11% in euros. The three-month U.S. Treasury bill closed the week with a negative yield (-0.01%). The gold/oil ratio closed at a startling 19.53, significant because it reflects
gold's role as money gaining ground on its role as a commodity. For a while, gold and oil moved in tandem, but not recently.
We are told the reason oil is
dropping so sharply is plummeting world demand. World demand is plummeting because the bottom is falling out of the world economy, which until recently was propped up by massive amounts of unsustainable debt.
The Madoff affair seems to us just too scripted and convenient to be true which leads us to speculate as to what is really going on.
Comment: It is only a matter of time before the Western nations will also be censoring the internet. They are doing it in the media right now. Are the Western media trying to deflect our gaze elsewhere as they bring the rest of the world's internet under their thumbs?
After all, psychopaths rise to the top in all countries - if we let them.