Saturday 2 April 2011

The "game" is............from Rico

"The game is afoot!"
- No, I don't mean you Dr Watson, I mean Mr. Joe Average American.

I read to day that the average American annual income is a whopping $25,000. That doesn't leave much, if any, discretionary income for 'consumer demand' to lead the economy to recovery. Shopping often has to take a back seat to paying the utility bills, or the mortgage/rent.

This is IF you are lucky to have a job today. The unemployment rate remains a dismal double-digits in reality, and not the single-digit as reported by Planet Washington.

Couple this with the latest Case-Shiller reporting that tells us housing values are tanking again, further wiping-out the last vestige of financial solvency for many.

Markets...at least 'free' markets no longer exist. They have all become rigged casionos for the little guy. The Fed, Bank of Japan, peoples Bank of China...virtually ALL the central banksters are now playing the "manipulation game" in currencies and markets.

Make no mistake, the game is indeed afoot...THEY play, and YOU pay!
[sounds a lot like the proverbial "heads I win, tails you lose" to me.]

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