Buying Time in Descent From Psych!s Peak ~ The Risk Averse Alert

Tuesday, September 24, 2013

Buying Time in Descent From Psych!s Peak

Everybody's trying to buy time. For the president it is time to aid fundamentalist cannibals in Syria. For Confetti it is time to forestall inevitable collapse of Europe. For a gaggle of insolvent bailout junkies it is time to rig trades in the hope capital enough to plug huge holes in books marked to fantasy might materialize.

What could go wrong? Heck, we even have mother earth cooperating, providing more land on which to build luxury condos, or drone launch facilities, possibly feed the speculative bubble in farmland—whatever it takes to help sustain the illusion of an insolvent, securities-based "banking" system's viability.

By the looks of it enough time is bought to last to the end of the week. Five waves down from "Psych!'s" Peak appear to have formed, or are near completion. Odds are the remainder of this week's trading will see major indexes more or less drifting sideways.

Maybe the most interesting thing worth pondering today is why a political action committee with a decided penchant for attacking the institution of the U.S. presidency—this more or less on a bi-partisan basis, how ever deservedly—has decided to rebroadcast a 1992 interview with the man who was the basis for the "Mr. X" character in Oliver Stone's 1991 movie "JFK," a movie based on the book by New Orleans district attorney, Jim Garrison, titled "On the Trail of the Assassins: One Man's Quest to Solve the Murder of President Kennedy."

I'll leave it to your imagination, and leave you with Col. Prouty's own contributions:
JFK: The CIA, Vietnam, and the Plot to Assassinate John F. Kennedy

The Secret Team: The CIA and Its Allies in Control of the United States and the World

Word on the Street
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