On the Edge of the Abyss

For those with ears to hear, consider Denninger's latest blog on The Market Ticker

There is no "market-friendly" solution to this mess folks. There are, however, disastrous decisions that can be taken, and continuing to hide losses - and the truth - will lead directly to that disaster.

We must deal with the bad debt by forcing it into the open. Transferring it from one pocket to another fixes nothing and if we're not careful we will wind up precipitating a bond market collapse coincident with the stock market melting down to a degree that is several times worse than what we saw in September and October.

He is looking at the high probability of a 200 S&P, if the current direction of the Obama administration doesn't change...

Not trying to beat a dead horse here, but at what point is enough enough?

At what point do we as (American) taxpayers finally hold these liars and thieves accountable for their actions??

The Only way the truth will come out..is when the people take over the offices with the records in and have a good look at them. The powers that be have stolen all our money and we will never know the truth.

"From one [hidden] pocket to another...?"

It's called: "Consolidation."

That's why the whole World money markets are following the collapse; it is a determined step to remove lesser rivals, moving closer to absolute control for the very few.

Don't be fooled by the view from Inside: look at the actual Whole picture, and it becomes obvious.

I think they call it, "a conspiracy," or something.