The Phoney War

After the Germans invaded Poland in 1939 there was a time called the Phoney War, where the forces of the West faced off against the Germans to the East. The French sat behind their Maginot Line and assumed they were safe....until one day the Blitzkrieg happened.

I feel that the economic situation today is not much different. We experienced the crisis in 2008 and the ensuing market collapse. That was Poland. If the Allies had stomached the courage to attack Hitler at that point, they could have won or at least controlled events somewhat. If we had forced the "Too Big to Fails" to Fail at that point we could have begun the real recovery then, but instead it has all been an act to try to keep the good times rolling. Since March 2009 all we have heard is how recovery has begun. Yet where is the recovery? Jobs? Nope. Housing? Nope. Goldman Sachs and AIG bonuses? Sure! My gut instinct is that the real crisis lies ahead, and we are in the duldrums of the "Phoney Recovery". When the winds start blowing, it will not be bringing the spring of recovery. We are stuck with waiting to see how it all plays out. But, I fear for the "Blitzkrieg" that might wait in shadows behind our Maginot Line of the Fed, Treasury, and conventional economic theories made obsolete by manipulation, fraud, and corruption.

What we need is Daylight!