Submitted by Charles Hugh-Smith of OfTwoMinds blog,The next "Frankenstorm" to hit New York will be financial.
The destructive whirlwind that hits New York in 2013 will be a financial Frankenstorm.
Four years of glorious central-planning "extend and pretend" have enriched the political and financial Aristocracies, and imbued them with a bubble-era hubris that they have indeed gotten away with murder: the $6 trillion the Federal government borrowed over the past four years, the Fed's $2 trillion in fresh cash, the Fed's $16 trillion bailout of the banking sector and various perception management manipulations have righted the storm-tossed ship. All those with power in 2008 remain in power and all those with outsized wealth in 2008 still hold their outsized wealth.
The global tsunami of borrowed and printed money lifted the water-logged dinghies of the debt-serfs enough to give them hope of better times; meanwhile, their adjusted income has declined 8%: they are poorer while the neofeudal Aristocracy is much wealthier: same as it ever was, right?
Except the financial tides and winds have shifted, and the linearity of central planning is about to be disrupted by nonlinear, positive-feedback storms. Let's list a few of the major storms brewing:
1. Destabilization of the euro. I have covered the fundamentals many times here:
Continue Reading: Guest Post: The Financial Super-Storm of 2013 | ZeroHedge