Under the deep black waters of the markets, there is a very strong current, a message to those in control that hasn't changed: "we will make sure the markets perform exactly as we tell you; go forward and deceive".

When we see an endless parade of sycophants up to and including this morning calling for U.S. markets to soar, that gold and silver are dead investments, that the U.S. housing market is now recovering, that the U.S. economy is growing stronger, blah, blah ,blah ... we just sigh in disbelief yet again. What is more concerning is that all this falls of the heels of the Cyprus debacle, yet another warning that the global economy is merely a yacht made of paper mache, kept afloat by bullshit. Well, we all know the score don't we? All those here with their collective knowledge and intelligence and years of valuable experience and infinite patience must be close to suffocation from the putrid, noxious cloud of ubiquitous flatulence that is hitherto incombustible, no matter how many matches are struck. The smoke alarms aren't working, overcome by the din of the banks.

What is particularly poignant is that leaders are disarmingly sure footed about the future. Canada's Finance Minister has just released a budget that relies strongly on the U.S. economy growing in the next few years based on strong exports to the U.S. A respected, right wing economics professor echoes the sentiment of a recovering U.S. housing market. Do they actually believe that there are not over 9 million empty homes hidden in the U.S.? Do they actually believe that the U.S. consumer is not reeling from debt, lowering real wages, real inflation of over 9%, real unemployment of 23% etc? OR, have they all been assured, that no matter what, the U.S. printing will absolutely keep the game going for years to come, that gold will be kept in it’s cage and that the banks will be well rewarded for their crimes?

So, we are left with wondering if our leaders in Canada are liars, stupid or just complicit lackeys of their U.S. lords Goldman, Morgan and Bernanke. It could be worse I suppose, we could see a left wing NDP government take the reins in few years and increase the misery by several orders of magnitude. I guess we just don’t know how wonderful things really are. Don’t worry about losing your bank deposits, that only happens in Cyprus. Central banks will pull support, there is no risk in the banking sector, the stock markets will soar as the sheep go from bonds to stocks. All is well.