They've turned Lady Liberty into the Whore of Babylon

Image via WikipediaChoice comment from Slartebartfast regarding today's ADP report:

Wake up and smell the coffee. No MOPE here. The "Market", has been reduced to an irrelevant anachronism by the Fed's constant manipulations. They believe that if the stock market is up people will believe the economy is OK, and therefore it magically will be OK.

Actually they're onto something if you understand that economics is entirely a social phenomena and no kind of science. While they are correct that an economy is driven entirely by perception, they are wrong in their belief that stock prices alone form those perceptions. The greatest fundamental of any social activity is fair play. If the game is rigged everyone eventually quits playing.

Every day the Fed goes in a prints another truckload of FRN's they drive another stake in the heart of the economy. Every time another banker gets a billion dollars for producing absolutely nothing the real economy takes another sucker punch in the chops. It can only go on so long before the 100th monkey realizes it's all rigged and the whole society picks up their peanuts and walks away.

It has happened many, many times in history. The only reason it hasn't happened here yet is that the crooks have been trading away the good name of the US of A - which used to stand for something in the world. Now we are rightly seen as THE global source of tyranny and corruption. They have turned Lady Liberty into the Whore of Babylon. Soon we will realize that is what we have become and this game will be over but good.

So feel free to waste your time looking at graphs and rolling the dice in the rigged, looser's game of the Markets. Take what meager pile of paper winnings you may or may not be allowed to walk away with by the floor boss and continue to make believe that it's all reality. The damage has been done, and soon, very soon, you will see the whirlwind come upon us that we all so richly deserve.