Off the Cuff: The Buck Stops Nowhere

In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

• Zig-Zag Markets
  • More evidence the long term trend is reversing
• When Will Oil Find A Floor?
  • And where will the collateral damage of the current drop be most felt?
• US Admits To Torture
  • Are we going to hold anyone accountable?
• Gold Shows A Slight Glitter Again
  • Dare we begin to hope?

As the year approaches its close, Chris and Mish both find themselves increasingly frustrated by both the boldness of law-breaking apparent in the system, as well as the complete lack of consequences for the perpetrators.

For far too long, fair price discovery, civil liberty, and other pillars upon the bedrock of democratic capitalism have been bent, undermined, or broken completely by those in power for personal gain. And since there's no punishment, we simply see bigger transgressions as time goes on. It's now clear that those in charge of enforcing our laws are as complicit as the criminals. The foxes indeed are running the henhouse.

In light of this, it shouldn't be a surprise that the recent reveal that the CIA tortured prisoners will likely result in little more than a few mea culpas and light wrist-slaps; at least as far as the administration is concerned.