Friday, December 2, 2011

The Single Most Cogent Statement of What We Face

The folks at the Automatic Earth say all that needs to be said.  And I'm just talking about the lead-in to the main article . . .

Personally, I believe we will see something akin to a 10x Lehman moment in the next week or so, and I'm moving to protect my assets by taking my money out of a TBTF bank and put it into a local bank (something I've been contemplating for quite some time but now feel is imperative).  The actions of the central banks (the alleged bailout of the Euro zone) and the Obama administration (goosing the unemployment number by disappearing 1.5 million unemployed) smacks of desperation intended to get the sheep into the markets for one last fleecing.