Eleven Crazy Days — Many More Coming

 If this sounds a lot like 2008 heading into the “one day away from martial law” Wall Street coup, that’s because in many respects that time and this one match up perfectly. All that’s missing from the present is a stock market crash.

Thanks to the intentionally miss-named Federal Reserve (it is NOT Federal nor is there any “reserve.”) But there is collateral for all those Federal Reserve Notes–it is every ounce of our sweat, every drop of our blood and every square foot of our land. — jtl, 419

by John Rubino via DollarCollapse.com

Twelve months ago the world was happily sailing along in the Great Moderation, with financial markets that moved gracefully higher most of the time but even in their rare negative moments didn’t cause too much angst. The eleven trading days leading up to September 3 saw not a single triple-digit move on the Dow, and only three down sessions.

What a difference a year makes. During the same eleven days in 2015 the Dow had exactly one single-digit close — and eight 200+ point sessions. Stomach-churning descents into the abyss are followed the next day by epic recoveries. The only thing moving in a straight line is volatility.

Dow Aug to sept

This is what the world looks like when things stop working. China’s well-oiled, top-down export machine turned out to be the mother of all Ponzi schemes. The Fed is tipping into the next crisis without reloading its interest rate bazooka. The US political process is suddenly interesting in the bad sense of that word. Brazil is not well-run after all. Japan’s Abenomics is appearing in headlines with the word “failure”.

The markets can’t figure out whom to trust — or indeed if anyone can be trusted. So money is sloshing around looking for a place to hide. One day it’s Treasuries, the next day blue chips or tech. But none turn out to be warm, dry and quiet, so the search continues.

If this sounds a lot like 2008 heading into the “one day away from martial law” Wall Street coup, that’s because in many respects that time and this one match up perfectly. All that’s missing from the present is a stock market crash.

A Handbook for Ranch Managers Planned Grazing: A Study Guide and Reference Manual Environmental & Natural Resource Economics: The Austrian View Combat Shooter's Handbook Reconnaissance Marine MCI 03.32f: Marine Corps Institute The Betrayed: On Warriors, Cowboys and Other Misfits

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The Essence of Liberty: Volume III: A Universal Philosophy of Political Economy (Liberty: A Universal Political Ethic) (Volume 3)The Essence of Liberty Volume III: Liberty: A Universal Political Ethic. This is the volume that pulls it all together. With reference to Hans-Hermann Hoppe’s description of Murray Rothbard’s work, it is a “unique contribution to the rediscovery of property and property rights as the common foundation of both economics and political philosophy, and the systematic reconstruction and conceptual integration of modern, marginalist economics and natural-law political philosophy into a unified moral science: libertarianism.” Available in both paperback and Kindle versions.

You might be interested in the other two volumes of this three volume set: The Essence of Liberty Volume I: Liberty and History and The Essence of Liberty Volume II: The Economics of Liberty

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About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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