by David Kranzler
Investment Research Dynamics
“I’m just gonna say it like it is – that was a shit-show.” Dana Bash, CNN in reference to the “Presidential” debate. “The debate was a national mortification – ‘shit-show’ was an understatement” – Chris Powell, GATA.
Last night’s debate was nothing short of a complete tragedy: the tragedy of a collapsing empire. I saw an ad on one of the financial propaganda cable channels that billed the debate as “The Main Event” as if it were to be promoted like a championship boxing match.
Politicians and the political environment are nothing more than a reflection of the surrounding system and populace at large. The entire U.S. system is a shit-show. The financial markets have become so disconnected from the underlying economic and fiscal reality that it takes several trillion dollars in monetary intervention from the Central Bank to keep them from collapsing.