Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

US Debt Hotel California or the Hotel Marriner Eccles

Interest-Rates / US Debt Apr 25, 2016 - 06:20 PM GMT

By: DeviantInvestor

Interest-Rates

In 1977 the Eagles spoke to us about “Hotel California.”  Lyrics are here.

A few lines from the song …

“On a dark desert highway, cool wind in my hair…

Up ahead in the distance I saw a shimmering light…

Then I was thinking to myself this could be Heaven or this could be Hell…


Welcome to the Hotel California…

Some dance to remember, some dance to forget…

They’re living it up at the Hotel California…

We are all just prisoners here of our own device…

They stab it with their steely knives but they just can’t kill the beast…

Relax, said the night man, We are programmed to receive,

You can check out any time you like but you can never leave.”

The lyrics remind me of the Federal Reserve.  Call it the “Hotel Marriner Eccles.”

The above lines have been modified for the hypothetical “Hotel Marriner Eccles:”

“On a dark digital highway, QE rewarding my pals…

Up ahead in the distance I saw a burning pyre of debt…

I was thinking to myself this should be Heaven but it’s actually Hell…

Welcome to the Hotel Marriner Eccles…

Some pontificate to remember, some lie to forget…

They’re living it up at the Hotel Marriner Eccles…

We are all just prisoners here of our own device…

They stab it with econometric models and they poke the people’s lives…

Relax, said the chairman. We are programmed to receive.

You can check out any time you like but you can never leave.”

  • US national debt in 1913 was $3 billion, today it is over $19,000 billion. There is no plan to reduce or eliminate debt …
  • Money supply has grown similarly. Debt has grown far more rapidly than the economy which must support the debt.  Not viable in the long run….
  • The debt will never be paid in today’s dollars, and debt cannot increase forever. Hence default – pick your poison!
  • Outright default or default via inflation. Both will be painful.
  • The economy is stagnant after about eight years of near zero interest rates … and more of the same will help?
  • Who in their right mind, outside the Hotel Marriner Eccles, believes that any economy can solve an excess debt problem with more debt? The “powers-that-be” don’t want the excess debt problem solved  –  THEY WANT MORE DEBT.

Because …  “We are all prisoners of our own devices.”

From Michael E. Lewitt:

“The Fed is a complex institution that works in  mysterious ways, but if Americans and their representatives don’t come to better understand that it is destroying their money and the economy, the consequences are going to be catastrophic.”

 “Unfortunately, investors are not frightened but instead greet these low interest rates as an invitation to commit hari-kari with their money.  The sooner they figure out what The Committee to Destroy the World [Federal Reserve] is doing – trying to solve a debt crisis by creating trillion of dollars of more debt – the better off they will be.”

Like the Hotel California, the debt based currency system lives on, and we can never leave it. (without a traumatic reset)

Dishonest money – which can be created by politicians and bankers and is profitable for the financial elite – may look like heaven but it is HELL for all but the political and financial elite.  They don’t want the scam to end and so, “We are all prisoners of our own devices.”

The econometric models that supposedly guide the Fed are reminiscent of that line:  “Relax, said the chairman. We are programmed to receive.  You can check out any time you like but you can never leave.”

“We are all prisoners of our own devices.”  In the financial world, where actions eventually have consequences, debt is growing explosively, and our currencies are  …  shall we say …  basically a fraud, issued by insolvent central banks and insolvent governments.  There will be a reckoning.  The reckoning will be less traumatic if we are prepared with:

  1. Gold and silver safely stored in a vault, instead of failing currencies.
  2. An understanding of the consequences of decades of bad monetary and fiscal policies.
  3. Hard assets instead of promises.
  4. Knowledge instead of sound-bites.

“We are all prisoners of our own devices.” 

Gary Christenson

GE Christenson aka Deviant Investor If you would like to be updated on new blog posts, please subscribe to my RSS Feed or e-mail. My books on Amazon

© 2016 Copyright Deviant Investor - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Deviant Investor Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in