Tides shifting.
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| The Big Bank Theory | ||||
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It’s amazing how so many saw this coming, and how little it mattered amongst the public. Only when it becomes blatantly obvious how ponzi-like the Fed and financial sector is, and when sacred social cows are culled, will anything meaningful happen.
One of the more inspiring data visualizations I’ve seen. Brilliant job by Hans Rosling. Skip to around :30 if you’re in a rush.
What an innovative way to view historical progress. How about the horrific effects of World War One? Fascinating. Over 120,000 data points went into the presentation.
Data like this is a reminder of how far the world has come. Especially when it comes to life expectancy, as I’d imagine that wages are much harder to show accurately, accounting for inflation and the like.
But that life expectancy data is hard to argue with. So while the world faces some serious economic headwinds in the near-term, the long-term picture is still bright. Lots of housekeeping and belt-tightening are needed in the near-term, of course. Bank reform and restraint, foremost in my mind. But overall, the presentation is enlightening. Prospects for the world are good, despite inevitable bumps along the road.
You can view more of Mr. Rosling’s work at his website, GapMinder.org. Lots of neat tools to play with.
If I knew how to use Photoshop worth a damn, I would do a version of this focusing on the prices BB is buying assets at. Both are important, I suppose.
Next up on the Fed buy list? More MBS, perhaps, and a potential foray into Munis as CA, AZ, and IL (de)falter?
Feds/banksters winning still seems the most likely outcome to me. By “winning”, I mean being allowed to print money and recapitalize the banks in other ways until irreparable harm is done, likely resulting in big inflation.
On the other hand, a political/economic sea change does appear to be under way. Just a year ago, criticism of the Fed (or the TSA for that matter) was off-limits to 99.99% of MSM. With QE2, Fed-hating has officially gone mainstream. TSA-hating too. Both are part of a slow awakening. Still, at this point the concept of an effective outraged activist America is almost laughable. But we’re getting closer, at least.
The next few years will be an all-out financial brawl, as the banks realize that they have everything to lose. They will do whatever it takes, until they are restrained.
Hat tip to WilliamBonzai7 for the crazy benny ad, via ZH.
