Yellen Collapse "Will Be Unlike Any Other"

by JASmius

This is beginning to become a recurring assertion - one might even say a drumbeat:

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.

Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with the New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery.

Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.”

Grantham isn’t the only one worried about a market collapse.

“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.

I must disagree with my learned colleague Mr. Grantham, actually.  Janet "Old" Yellen is not "ignorant"; Janet "Old" Yellen is in on the scam, serving her big-eared demigod's "fundamental transformation" interests instead of doing everything in her power to bolster the U.S. dollar, which is supposed to be her principle job description.  Yellen is keeping interest rates at Middle Earth-level in order to (1) mask the true size of the federal deficit (i.e. what the Regime says it is plus the geyser of interest payments on the debt that would ensue if the rates on federal debt instruments were at the level the market would set) and (2) create the illusion of an economic recovery that never happened, has never existed, and will never, EVER exist as long as Barack Obama remains in power.  Which is to say, a debt-fueled bubble with less than nothing holding it up, which has to collapse sooner or later, and when it does, with the Dow currently at over a purported 17,000, sweet, merciful crap, that first step is a lu-lu.

Put still another way, an even bigger reprise of the Panic of 2008.  Which, if you'll recall (and my apologies for making you do so), is what put Barack Obama and the Democrats in total power to begin the "fundamental transformation of the United States of America" in the first place.  And if you think that's at all coincidental, I have some high-risk stocks in which I'd like to interest you.  Which would be a total lie because I got out of the market three years ago, which is why I still have my retirement nest egg, off of which we're having to live prematurely for reasons I've, by this time, elaborated way, way too much.

Let's put it this way: Alan Greenspan was "ignorant"; Janet "Old" Yellen is a saboteur.