{"id":195,"date":"2010-10-06T09:05:29","date_gmt":"2010-10-06T13:05:29","guid":{"rendered":"http:\/\/www.cheapiv.com\/?p=195"},"modified":"2010-10-06T09:12:11","modified_gmt":"2010-10-06T13:12:11","slug":"trust-no-one","status":"publish","type":"post","link":"http:\/\/www.cheapiv.com\/?p=195","title":{"rendered":"Trust No One"},"content":{"rendered":"

\"\"<\/a>Great article from Paul B. Farrell.<\/p>\n

For those of you that want to continue to view the market with rose colored glasses, don’t read this!<\/p>\n

Here are a couple of highlights:<\/strong><\/p>\n

This appears near the end of the article but I think it sums it up pretty well.<\/p>\n

“Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense.\u00e2\u20ac\u009d<\/strong><\/p>\n

Farrell’s article is titled the “The Fed is Dead.”\u00c2\u00a0 Needless to say he highlights some doom and gloom of why you should not trust anyone especially our government.<\/p>\n

He highlights the 7 steps to the next revolution:<\/strong><\/h1>\n

Let\u00e2\u20ac\u2122s reexamine the timeline closely:<\/strong><\/em><\/p>\n

Stage 1:<\/strong> The Democrats just put the nail in their coffin confirming they\u00e2\u20ac\u2122re wimps when they refused to force the GOP to filibuster Bush tax cuts for billionaires.<\/p>\n

Stage 2:<\/strong> In the elections the GOP takes over the House, expanding its strategic war to destroy Obama with its policy of \u00e2\u20ac\u0153complete gridlock\u00e2\u20ac\u009d and \u00e2\u20ac\u0153shutting down government.\u00e2\u20ac\u009d<\/p>\n

Stage 3:<\/strong> Post-election Obama goes lame-duck, buried in subpoenas and vetoes.<\/p>\n

Stage 4: <\/strong>In 2012, the GOP wins back the White House and Senate. Health care returns to insurers. Free-market financial deregulation returns. Lobbyists intensify their anarchy.<\/p>\n

Stage 5:<\/strong> Before the end of the second term of the new GOP president, Washington is totally corrupted by unlimited, anonymous donations from billionaires and lobbyists. Wall Street\u00e2\u20ac\u2122s Happy Conspiracy triggers the third catastrophic meltdown of the 21st century that Robert Shiller of \u00e2\u20ac\u0153Irrational Exuberance\u00e2\u20ac\u009d fame predicts, resulting in defaults of dollar-denominated debt and the dollar\u00e2\u20ac\u2122s demise as the world\u00e2\u20ac\u2122s reserve currency.<\/p>\n

Stage 6: <\/strong>The Second American Revolution explodes into a brutal full-scale class war with the middle class leading a widespread rebellion against the out-of-touch, out-of-control Happy Conspiracy sabotaging America from within.<\/p>\n

Stage 7:<\/strong> The domestic class warfare is exaggerated as the Pentagon\u00e2\u20ac\u2122s global warnings play out: That by 2020 \u00e2\u20ac\u0153an ancient pattern of desperate, all-out wars over food, water, and energy supplies would emerge\u00e2\u20ac\u009d worldwide and \u00e2\u20ac\u0153warfare is defining human life.\u00e2\u20ac\u009d<\/p>\n

He also lays out the blatant lies by our politicians and celebrity analysts:<\/strong><\/h1>\n

Bernanke:<\/strong> \u00e2\u20ac\u0153I don\u00e2\u20ac\u2122t anticipate any serious failures among large internationally active banks.\u00e2\u20ac\u009d Wow, was he ever wrong.<\/p>\n

Billionaire Ken Fisher:<\/strong> \u00e2\u20ac\u0153This year will end in the plus column … so keep buying.\u00e2\u20ac\u009d Main Street lost trillions on advice like this.<\/p>\n

\u00e2\u20ac\u02dcMad Money\u00e2\u20ac\u2122 Jim Cramer:<\/strong> \u00e2\u20ac\u0153Bye-bye bear market, say hello to the bull.\u00e2\u20ac\u009d<\/p>\n

Goldman Sachs\u00e2\u20ac\u2122 Abby Joseph Cohen<\/strong>: \u00e2\u20ac\u0153The fear priced into stocks is likely to abate as recession fears fade.\u00e2\u20ac\u009d Soon after, Goldman was essentially bankrupt.<\/p>\n

Congressman Barney Frank:<\/strong> \u00e2\u20ac\u0153Freddie Mac and Fannie Mae are fundamentally sound.\u00e2\u20ac\u009d<\/p>\n

Barron\u00e2\u20ac\u2122s:<\/strong> \u00e2\u20ac\u0153Home prices about to bottom.\u00e2\u20ac\u009d Three years later they still haven\u00e2\u20ac\u2122t<\/p>\n

Worth: <\/strong>\u00e2\u20ac\u0153Emerging markets are the global investors\u00e2\u20ac\u2122 safe haven.\u00e2\u20ac\u009d<\/p>\n

Kiplinger\u00e2\u20ac\u2122s: <\/strong>\u00e2\u20ac\u0153Stock investors should beat the rush to the banks.\u00e2\u20ac\u009d Costly advice.<\/p>\n

Bernie Madoff:<\/strong> \u00e2\u20ac\u0153It\u00e2\u20ac\u2122s virtually impossible to violate the rules.\u00e2\u20ac\u009d But it\u00e2\u20ac\u2122ll happen again.<\/p>\n

http:\/\/www.marketwatch.com\/story\/the-fed-is-dead-maybe-by-2012-2010-10-05?pagenumber=1<\/p>\n

This is one of the reasons that you need to protect your portfolio.\u00c2\u00a0 We will continue to see the politicians and celebrity talking heads handing out nonsense.\u00c2\u00a0 If they did not see it coming the first time, then they will not see it coming the second time.\u00c2\u00a0 Hopefully, this time you are prepared!<\/p>\n

Learn how to Protect Your PORTFOLIO NOW before it is too late!<\/a><\/h1>\n","protected":false},"excerpt":{"rendered":"

Great article from Paul B. Farrell. For those of you that want to continue to view the market with rose colored glasses, don’t read this! Here are a couple of highlights: This appears near the end of the article but I think it sums it up pretty well. “Believe nothing, no matter where you read […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,37],"tags":[102,80,101,103,100,104],"class_list":["post-195","post","type-post","status-publish","format-standard","hentry","category-commentary","category-hedging","tag-black-swan","tag-fed","tag-nassim-taleb","tag-political-lies","tag-protect-portfolio","tag-revolution"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=\/wp\/v2\/posts\/195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=195"}],"version-history":[{"count":0,"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=\/wp\/v2\/posts\/195\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=195"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.cheapiv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}