Tuesday, March 29, 2011
DID DENNINGER HAVE A STROKE?
I refer you here...http://market-ticker.org/akcs-www?post=183130 Now, while one of the mission statements of the "Bee Hive" is to ride herd on the hypocrisy of Denninger and offer truth to his lies, I certainly don't wish the man ill...but damn! He looks like he had a stroke. Ok, ok...that's not the point of this post...just had to use my stinger when the opportunity arose. Ha! Point of fact, I do agree with his mini analysis in this clip. The problem though isn't the validity of this perception, the problem is that Karl, like so many others, never ever analyze the problem back to its root cause. He like so many other "experts" are great at dissecting the obvious but blind in getting to the core of problem that causes all the symptoms they expound upon. There is a root cause to our financial situation. It is not acknowledged, not considered, ignored and avoided, and it ensures that there will be no fix now, later or ever. The following is a brief essay I posted on his site some months ago (pre banishment)...it deal with the nature of money in a credit driven fractional reserve world...it is the fundamental problem with everything. Have a read, post some comments and or questions and if there is any misunderstandings, I'll clear them up..