The Real World News and Commentary – September 16, 2012

nnecting the Dots in the Real World

Created by Roy Perlmutter   September 16 2012


Idiotic Foreign Policy Comes Back to Bite Us

U.S.-Backed Al Qaeda Terrorists Attack Embassies


Arabian Fall Update: Egypt, Libya, Yemen, Morrocco, Tunisia, Sudan And Now Lebanon


Tensions rise as China surveillance ships enter waters claimed by Japan|utmccn=%28referral%29|utmcmd=referral|utmcct=/cgi-bin/login&__utmv=14933801.|8=Earned%20By=msnbc|cover=1^12=Landing%20Content=Mixed=1^^30=Visit%20Type%20to%20Content=Earned%20to%20Mixed=1&__utmk=146436660


UKIP Nigel Farage takes on Jose Manuel Barroso – September 2012


Ron Paul: “Country Should Panic Over Fed’s Decision”


Schiff Vs. Insana; Matter Vs. Anti-Matter


Crash Alert 2


Weekly News Wrap-Up 9.14.12


Fed: Quantitative easing now, quantitative easing tomorrow, quantitative easing forever


The One Big Problem With QE To Infinity


Foreclosure Stuffing


The Day the Dollar Died


Consumer Prices Soar By Most Since June 2009, Retail Sales Ex-Autos And Gas Expose Lethargic Consumer


Industrial Production Plunges Most Since March 2009


The Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression


Eric, all of this is having the net impact of further destroying the middle class.  Crude oil is nearing $100 a barrel, so consumers are going to get hit with higher gasoline prices.  When you take a look at the CCI (Continuous Commodity Index), you can see the move higher across the entire commodity complex.


Grains were on the move, along with livestock, cocoa, coffee, all of these markets were moving higher because hot money was coming in, and speculators were chasing prices higher.  There is enough of this money, which has been on the sidelines, that we could continue to see upward pressure going forward.


But people have to remember that wages are still relatively flat in both Europe and the US.  The jobs environment in the West is dreadful.  This means that the already stressed consumers in the West are going to be hit with another round of inflation at a time when they can least afford it.


So we will continue to see the middle class being wiped out on both sides of the Atlantic.


Get Ready For An Epic Fiat Currency Avalanche


The Fed’s Balance At The End Of 2013: $4 Trillion


Chart of the Week


How long before money collapses and what will it mean for gold?




Desiderata – Leonard Nimoy