I don’t do so good with numbers. Never have. As long as I have a calculator or a spreadsheet or Quicken to do the heavy lifting, I’m fine, mostly, but I’m a word guy.
My friend Mike O’Connor, on the other hand, is a wiz with numbers (he’s not too shabby with words either). And he’s uncovered some very disturbing numbers—numbers he’s calling a “canary in the coalmine alert.” Mike’s general nature is as calm as they come; I’ve never seen him even mildly excited. His canary is likely a mushroom cloud.
Here you go; the charts are self explanatory:
Holy shit. Maybe those whacked-out survivalists on the left coast are right. A couple three decades late, but right.
Take a close look at that second chart. The Great Depression appears as barely a blip; a minor squiggle.
Mike says this represents “a huge ‘tinkering’ effort by the Fed” and he’s worried about unintended consequences, including big inflation. Says the banks are “masking a huge weakness paving the problem over with money borrowed from the Fed.”
This is an enormous hole we’re going to have a hard time extricating ourselves from. What if George Bush really believes his purpose is to deliver the apocalypse. Of that he’s doing a damn fine job.
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