Tracking Dr. Marc Faber of The Gloom Boom and Doom report , Marc Faber nicknamed Doctor Doom , a world class investor and a regular speaker at various investment seminars, Dr Marc Faber is well known for his "contrarian" investment approach.
👉Half The US Population is Now Jobless !!
It looks like the plan to implode the US economy and turn it into a despotic Socialist regime is going well.
The economy is eating itself. The vicious circle has no end, but the total collapse of the cards house.
Nearly half the U.S. population is now jobless.
The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of the population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000.
7.7 million jobs were lost in Hospitality and Leisure last month alone, 2.5 million in Education and Health, with 2 million in Retail and another 2 million in Professional Services. These sectors are unlikely to recover fast and enough to compensate for the job losses of the past month and even less likely to see the same level of wages of 2019.
Credit card delinquencies are rising, and retail sales are going to see a very modest recovery because household debt is increasing, wages are under pressure, and most citizens are changing their consumption patterns, looking to strengthen their savings in case another shock arrives.
Corporate debt is rising to new records due to the collapse in operating revenues. As such, companies will likely take all possible measures to conserve cash flow, reduce expenditure, and be prudent about hiring decisions. This will lead to slower job creation and investment even once the economy reopens.
Tax increases are likely to affect recovery. The government deficit is soaring, with the Treasury looking at $2 trillion of new debt in 2020 due to the measures implemented to combat the economic impact of coronavirus. If taxes rise significantly, what is already a weak outlook for capital expenditure and job creation is likely to worsen.
The U.S. has been overrun by illegals, FED debasement of the currency, crushing national, state, corporate and personal debts, the celebration of aberrant behaviors, increased drug use, defunct trade policies, open borders, and political tribalism. The US is in decline indeed.
We have major issues with our economic and social structure. Our morals are in decline, and people want to sustain financially robust, but possibly immoral, lifestyles without necessarily having to do the "grunt" work, i.e., the dirty jobs. And our leadership betrayed us, both government and business leadership, by shipping and allowing our technology and basic economic things that sustain us to go into foreign control, much of it in countries much less moral than we even are. So we have spoiled brats running around rioting and looting instead of working together in an equalitarian society. That's more fulfilling to them than doing the "hard work" or believing moral principles that sustain a society, not decay it... And our "leaders" still run things to make it personally profitable for them, obscenely so, while pretending to be acting in the interests of our society as a whole.
The President of the World Economic Forum declared this week: "A Great Reset of free-market Capitalism must occur. A fundamental revamp of "all" aspects of human society and industries from gas to transportation to education must be fundamentally transformed."
And don't forget a couple of months back when a former vaccine expert from the government claimed that this winter would be our "darkest winter," harkening back to the original Dark Winter smallpox attack simulations of the early 2000s.
Our globalist controlled governments and media need to open the economy and stop killing the world's citizens with this quarantine lockdown on the pretext of a cold virus named COVID-19. The masks and social distancing are hurting our physical and mental health, and the damage to the economy is becoming irreparable - food lines are just one of the hundreds of social problems we are creating with these lockdowns.
By a thousand times or more, the lockdowns are more deadly than COVID.
In other news, the Fed announced that in order to support the ailing restaurant industry, it would begin purchasing 7.5 billion worth of pizza every day. The next step will be hiring nail specialists to polish chicken claws.
The Fed needs to stay out of the market. The market is supposed to be a free market, i.e., not manipulated. The Fed has pumped so much money into the market by so many outlets that it is hard to determine what's what with the market. The Fed is interfering with our ability to apply fundamental investment analysis.
The FED is picking winners and losers. Why would ANYONE without the inside track have their money in these markets??? This is ALL going to end BADLY for EVERYONE.
There is no longer a relationship between the stock price and the overall health of the economy. The value of a company's shares isn't related to the company. It is related to day traders looking for an immediate profit. Stock shares have become the same as oil, where the sneeze of a sheik can send the price of oil thru the roof. The vast majority of citizens have no stake in the stock market. When you are living hand to mouth, investing is an impossible luxury.
When this bubble bursts, it will be the biggest economic disaster in centuries. The mother of all depressions is brewing, and the US stock will collapse by 90%.
The rise of globalism depends upon our decline.
A strong America threatens any possibility of the imposition of globalist controls. American economy must be crushed along with the dollar.
Deliberate, of course.
Depression v2 is coming, are you prepared?
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Please take a second to smash that like button.
And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford.
Thank You.
The only reason why the Fed is buying corporate debt is that no one else will, and it is the only way to artificially prop up the markets because all these stinkers at some point very soon (probably before labor day) are going to mega tank.The trump economy is totally fake and will have a real correction that no stimulus will be able to fix.
Sell your junk corporate debt to the money printing-fed, then use the proceeds to buy back shares. Brilliant. More than one way to keep the stock bubble inflated.
There is no free market It has been bought and paid for by our masters.
The Markets are now reflecting Government Manipulation to influence Share-Prices to drive up the S&P 500 to influence voters that think a UP Market means Jobs. It is all a bunch of Roguery.
Here are some Terms for those that don't understand wall st. :
Stimulus: corporate welfare, Repo market: corporate welfare, Main street lending: Corporate Welfare, Junk ETF w/ Blackrock: corporate welfare, Individual Bond buying of major corporations: corporate welfare. The Fed: Plug.
This is crazy Corporate socialist cronyism Disguised as A emergency situation to save capitalism. This will turn out great for the fed and the mega-wealthy, but Joe and Jane taxpayer will get shafted with the bill again.
The general public needs to demand an end to the fed before they totally destroy what is left of the middle class.
This was The Atlantis Report.
Please Like.
Share.
Leave me a comment.
Subscribe.
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You will also find a PayPal link if you want to make a donation.
Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
👉The Stock Market is a Gigantic Ponzi Scheme Owned by The Fed !!
Since interest rates are so low, the only place to make any money is in the stock market. That's what driving the high multiples and the stock market bubble. People have the feeling that the Fed is not going to let the market fail, so they keep buying stocks. This is not good. The manipulation such as the rock bottom interest rates and QE Infinity by the Fed is propping up a market that should have fallen a long time ago.
The $2.2 trillion welfare bill to corporations (oops, I mean stimulus) had everything to do with this stock market bubble. Taxpayers got 300 billion of that, but corporations got $1.9 trillion to buy their own stock and pay their CEOs bonuses.
The Fed is propping up the stock market. The Fed bought the market. They are now buying stocks of companies to keep them solvent. This isn't good. We are now worse than the Weimar Republic. The market's disconnect from reality, coupled with its irrational exuberance, makes for a decline we have not seen since Herman Minsky's writing of the 1920s.
Without Fed intervention, this market probably would have fallen to 5,000.
The question is, how long will the Fed buy the market and at what cost.
The market has become so divorced from reality that it has entered the realm of absurdity. How can anyone expect a meaningful profit when retail and manufacturing are operating at 25% capacity?
Four million people are not paying their mortgages! That's just residential mortgages. The commercial is a whole other story. Consumers are broke. They owe 7% of every dollar earned over the next 20 years to debt payment.
It's all bull, and if the virus keeps spiking, lookout. Right now, it's just a short squeeze.
It is a toxic atmosphere. All of the fundamentals and natural market forces are thrown out the window. The fundamentals are gone. There is no reason to be optimistic about earning when we already know that businesses will be crippled for many months to come. Earnings for many quarters will be terrible, guaranteed. So that argument that things are already factored in and that the market is an indication of the future is completely bogus. Let's call it like it is. The Fed bought the market, and now you have investors being reckless because they think they can never lose because they will always be backed by the Fed. That's not capitalism at all. That's pure manipulation and speculation. It has nothing to do with market forces and fundamentals. It has everything to do with people being reckless and feeling extremely confident that they can't lose because they will always be backed by the Fed. It's like going to the high roller table at a Vegas casino, and no matter how much you lose, you keep getting credit from the casino and you keep getting comped (free luxury penthouse suite, free food, free drinks, free shows, free transportation, free everything) no matter what. And imagine that the gambler never has to pay the casino back because the credit keeps coming over and over again. You know what that is? That's artificial. That's unsustainable. It can't work in the long run. There always comes a time when everyone must pay. And eventually, we will pay. We will pay. It's only a matter of time before this market drops like a bag of potatoes.
Large investors have been holding up the market, so all the useful idiots keep their cash invested there! When they suddenly pull out of a market where there are few companies doing well, and the rest are sloshing along with.Bye-bye market!
And with 1/4 of your workforce out of work, the demand side of the economy is crippled, and companies will not hire until they are making money again.
If you don’t see the inevitability of the coming collapse, just keep your head in the sand.
The Stock Market is a Ponzi Scheme that only Exists to Fool Americans into thinking; All is well. When in fact, it's ALL Criminally Corrupt and about to FAIL, leaving them in a world of HURT with a Failed currency, no food, no safety net, no jobs, and a pandemic to deal with! All Thanks to the Criminals that destroyed the US Economy & Financial Systems by INTENT. Hell is waiting and getting nearer every hour. I think they are going to tank the market in October, just in time for the election.
It is almost as if the US stock markets had been primed by Federal Reserve intervention over the previous 5+ years, and someone let the monster out of the cage. The deregulation, changes to tax structures, and general perception of market opportunity changed almost immediately after the November 2016 elections and really never looked back.
The Federal Reserve was created as an illusion for the masses. The mega-wealthy men who created the FED realized they would soon own nearly everything of value, so a way was needed to create an illusion of perpetual prosperity for an ever-expanding population desiring ever-more resources. Thus, the FED created to print a never-ending source of imaginary money based on nothing so the masses could continue buying something. That's why it did not matter when the National Deficit hit 1 trillion dollars years ago, nor will it matter when it hits 100 trillion dollars in due course. How can there be actual debt on an imaginary construct? Of course, there are two separate monetary systems: sovereign and mass. We, the people, are all members of the mass. Our dollar debts are actual dollar debts that must be repaid. Not so with sovereign debt. The FED will print; however, much is needed to keep the illusion going.
So The US politicians pass an AID BILL, which is to BAIL OUT the STOCK MARKET, with money from the FEDERAL RESERVE, which in reality, the FED is buying up the US while charging the money printed to the US. When a bank issues a mortgage, they charge you to use their money while they are the owner until the debt is paid. The US now owes 26 trillion dollars, But in reality, it is more like 125 trillion dollars, which leaves each taxpayer on the hook for $811,000.
This U.S. National Debt consists of:
debt held by the public.
Intragovernmental holdings, including debt held by Social Security and Medicare trust funds.
But it does not include total unfunded Social Security and Medicare promises.
The FED was never intended to buy up anything other than the US government's debt. They are a Criminal PONZI Scheme which will FAIL and take DOWN the Entire US Economy with them. All by design.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Please take a second to smash that like button.
And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford.
Thank You.
Currently, the bonds are not paying anything meaningful, so the money is flowing into the stock market. Just raise interest rates and see how fast this bubble will burst.
Shower wall street with money. The brokers. CEO's and board of directors and some insiders steal from everyone. Then when the market crashes, the taxpayers bail them. None of the criminals go to jail. The greatest country on earth.But only for the super-rich.
Tax cuts for corporations allowed them to buy back stocks, which drove up the values and CEO compensation. In the meantime, many paid zero in federal taxes. Amazon is one example - whereby they profited 11 billion in both 2018 and 2019...without paying a dime in federal taxes. In the meantime, the Feds have been buying the risk repeatedly. And you can't leave out the Feds lowering interest rates four times in 12 months (January 2019-January 2020). Now the rates are nearly zero percent. When you can borrow money for next to nothing and pay no federal taxes, you're going to put that money somewhere - hence stock valuations. Sadly, 58 percent of Americans don't have $400 in savings. Personal taxes for working folks are out of control, as they must pay extra for police, fire, schools, roads, etc., due to corporations not contributing anymore. At the end of the day, consumers are a must - and when consumers have empty pockets, the markets won't be far behind. The Feds can only keep the fluff going for so long. At some point, the piper must be paid.
We believe that the stock market will crash a short time before the election.
And it might be sooner!
Now, we’re warning that this current parabolic upside price trend near the end of Q2 of 2020 could be a massive setup for one of the biggest revaluation events we’ve seen since 1999~2000 ,(the last big bubble).
Our researchers believe a shift away from the global financial speculation that has driven a total global asset bubble over the past 8+ years will suddenly shift away from wild speculative euphoria and quickly transition into the realization phase of “uh oh, what have we done.” It is this point that we suddenly enter a financial distress phase where investors flee over-inflated assets to move into risk hedging strategies. Why do you think Gold has rallied to levels near $1800 over the past 4+ years? A certain segment of global investors has already had their “uh oh” moment.
The US stock market has gone parabolic because a very unique set of circumstances have come together at this particular time in history. Now, we have to deal with the current and future phases of this cycle and prepare for what’s next. Protect your open long trades and/or take some profits out now. If our research is correct, we have already entered the Financial Distress phase. Q2: 2020 may be the catalyst event, and that is only a few days away.
The Criminals that run the US don't want you to have any savings, food, home, health, security of even your Life!
The Fed is stealing your buying power.
This was The Atlantis Report.
Please Like.
Share.
Leave me a comment.
Subscribe.
And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box.
You will also find a PayPal link if you want to make a donation.
Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
Since interest rates are so low, the only place to make any money is in the stock market. That's what driving the high multiples and the stock market bubble. People have the feeling that the Fed is not going to let the market fail, so they keep buying stocks. This is not good. The manipulation such as the rock bottom interest rates and QE Infinity by the Fed is propping up a market that should have fallen a long time ago.
The $2.2 trillion welfare bill to corporations (oops, I mean stimulus) had everything to do with this stock market bubble. Taxpayers got 300 billion of that, but corporations got $1.9 trillion to buy their own stock and pay their CEOs bonuses.
The Fed is propping up the stock market. The Fed bought the market. They are now buying stocks of companies to keep them solvent. This isn't good. We are now worse than the Weimar Republic. The market's disconnect from reality, coupled with its irrational exuberance, makes for a decline we have not seen since Herman Minsky's writing of the 1920s.
Without Fed intervention, this market probably would have fallen to 5,000.
The question is, how long will the Fed buy the market and at what cost.
The market has become so divorced from reality that it has entered the realm of absurdity. How can anyone expect a meaningful profit when retail and manufacturing are operating at 25% capacity?
Four million people are not paying their mortgages! That's just residential mortgages. The commercial is a whole other story. Consumers are broke. They owe 7% of every dollar earned over the next 20 years to debt payment.
It's all bull, and if the virus keeps spiking, lookout. Right now, it's just a short squeeze.
It is a toxic atmosphere. All of the fundamentals and natural market forces are thrown out the window. The fundamentals are gone. There is no reason to be optimistic about earning when we already know that businesses will be crippled for many months to come. Earnings for many quarters will be terrible, guaranteed. So that argument that things are already factored in and that the market is an indication of the future is completely bogus. Let's call it like it is. The Fed bought the market, and now you have investors being reckless because they think they can never lose because they will always be backed by the Fed. That's not capitalism at all. That's pure manipulation and speculation. It has nothing to do with market forces and fundamentals. It has everything to do with people being reckless and feeling extremely confident that they can't lose because they will always be backed by the Fed. It's like going to the high roller table at a Vegas casino, and no matter how much you lose, you keep getting credit from the casino and you keep getting comped (free luxury penthouse suite, free food, free drinks, free shows, free transportation, free everything) no matter what. And imagine that the gambler never has to pay the casino back because the credit keeps coming over and over again. You know what that is? That's artificial. That's unsustainable. It can't work in the long run. There always comes a time when everyone must pay. And eventually, we will pay. We will pay. It's only a matter of time before this market drops like a bag of potatoes.
Large investors have been holding up the market, so all the useful idiots keep their cash invested there! When they suddenly pull out of a market where there are few companies doing well, and the rest are sloshing along with.Bye-bye market!
And with 1/4 of your workforce out of work, the demand side of the economy is crippled, and companies will not hire until they are making money again.
If you don’t see the inevitability of the coming collapse, just keep your head in the sand.
The Stock Market is a Ponzi Scheme that only Exists to Fool Americans into thinking; All is well. When in fact, it's ALL Criminally Corrupt and about to FAIL, leaving them in a world of HURT with a Failed currency, no food, no safety net, no jobs, and a pandemic to deal with! All Thanks to the Criminals that destroyed the US Economy & Financial Systems by INTENT. Hell is waiting and getting nearer every hour. I think they are going to tank the market in October, just in time for the election.
It is almost as if the US stock markets had been primed by Federal Reserve intervention over the previous 5+ years, and someone let the monster out of the cage. The deregulation, changes to tax structures, and general perception of market opportunity changed almost immediately after the November 2016 elections and really never looked back.
The Federal Reserve was created as an illusion for the masses. The mega-wealthy men who created the FED realized they would soon own nearly everything of value, so a way was needed to create an illusion of perpetual prosperity for an ever-expanding population desiring ever-more resources. Thus, the FED created to print a never-ending source of imaginary money based on nothing so the masses could continue buying something. That's why it did not matter when the National Deficit hit 1 trillion dollars years ago, nor will it matter when it hits 100 trillion dollars in due course. How can there be actual debt on an imaginary construct? Of course, there are two separate monetary systems: sovereign and mass. We, the people, are all members of the mass. Our dollar debts are actual dollar debts that must be repaid. Not so with sovereign debt. The FED will print; however, much is needed to keep the illusion going.
So The US politicians pass an AID BILL, which is to BAIL OUT the STOCK MARKET, with money from the FEDERAL RESERVE, which in reality, the FED is buying up the US while charging the money printed to the US. When a bank issues a mortgage, they charge you to use their money while they are the owner until the debt is paid. The US now owes 26 trillion dollars, But in reality, it is more like 125 trillion dollars, which leaves each taxpayer on the hook for $811,000.
This U.S. National Debt consists of:
debt held by the public.
Intragovernmental holdings, including debt held by Social Security and Medicare trust funds.
But it does not include total unfunded Social Security and Medicare promises.
The FED was never intended to buy up anything other than the US government's debt. They are a Criminal PONZI Scheme which will FAIL and take DOWN the Entire US Economy with them. All by design.
Welcome back to The Atlantis Report.
You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
Please take a second to smash that like button.
And as You know friends, google has demonetized this channel, so now I rely totally on your donations to keep this channel functional, as you know it takes a crazy amount of research and time to bring you this content on a daily basis, so I hope you consider helping with whatever donation you can afford.
Thank You.
Currently, the bonds are not paying anything meaningful, so the money is flowing into the stock market. Just raise interest rates and see how fast this bubble will burst.
Shower wall street with money. The brokers. CEO's and board of directors and some insiders steal from everyone. Then when the market crashes, the taxpayers bail them. None of the criminals go to jail. The greatest country on earth.But only for the super-rich.
Tax cuts for corporations allowed them to buy back stocks, which drove up the values and CEO compensation. In the meantime, many paid zero in federal taxes. Amazon is one example - whereby they profited 11 billion in both 2018 and 2019...without paying a dime in federal taxes. In the meantime, the Feds have been buying the risk repeatedly. And you can't leave out the Feds lowering interest rates four times in 12 months (January 2019-January 2020). Now the rates are nearly zero percent. When you can borrow money for next to nothing and pay no federal taxes, you're going to put that money somewhere - hence stock valuations. Sadly, 58 percent of Americans don't have $400 in savings. Personal taxes for working folks are out of control, as they must pay extra for police, fire, schools, roads, etc., due to corporations not contributing anymore. At the end of the day, consumers are a must - and when consumers have empty pockets, the markets won't be far behind. The Feds can only keep the fluff going for so long. At some point, the piper must be paid.
We believe that the stock market will crash a short time before the election.
And it might be sooner!
Now, we’re warning that this current parabolic upside price trend near the end of Q2 of 2020 could be a massive setup for one of the biggest revaluation events we’ve seen since 1999~2000 ,(the last big bubble).
Our researchers believe a shift away from the global financial speculation that has driven a total global asset bubble over the past 8+ years will suddenly shift away from wild speculative euphoria and quickly transition into the realization phase of “uh oh, what have we done.” It is this point that we suddenly enter a financial distress phase where investors flee over-inflated assets to move into risk hedging strategies. Why do you think Gold has rallied to levels near $1800 over the past 4+ years? A certain segment of global investors has already had their “uh oh” moment.
The US stock market has gone parabolic because a very unique set of circumstances have come together at this particular time in history. Now, we have to deal with the current and future phases of this cycle and prepare for what’s next. Protect your open long trades and/or take some profits out now. If our research is correct, we have already entered the Financial Distress phase. Q2: 2020 may be the catalyst event, and that is only a few days away.
The Criminals that run the US don't want you to have any savings, food, home, health, security of even your Life!
The Fed is stealing your buying power.
This was The Atlantis Report.
Please Like.
Share.
Leave me a comment.
Subscribe.
And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box.
You will also find a PayPal link if you want to make a donation.
Thank you wholeheartedly to all those of you who have already donated.
Stay safe and healthy friends!
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
👉Wall Street is Fiddling While the US Economy Burns !!
With record new cases in major states, the reopening experiment is proving to be a flop. No matter what the Fed does, since we never contained the pandemic in the first place, and most people don't take it seriously enough, we're looking at a long road ahead. A 2nd round of lockdowns very likely.
This is a great time to invest. Don't worry about the $10 Trillion on the Fed balance sheet. Don't worry about the $30 Trillion in corporate debt. Don't worry about a possible second wave. Don't worry about permanent layoffs from business closures and bankruptcies. Don't worry about the Shiller P/E ratio at historical highs predicting average annual returns of negative 1.5% for the next eight years with a downside possibility of negative 9% and an upper range of 3%.
Don't worry about the $600 billion in annual government interest payments .$27 trillion in government debt. $147 trillion in unfunded liabilities. $40,000 in average debt per student. $3.5 trillion federal government met deficit .$62,000 in personal debt per citizen. Stagnant/declining wages for the foreseeable future. Inflated asset prices. Social unrest. Covid-19. This time is different.
Pump up the stock market, so companies can just issue more shares and bonds to get the capital they need near term. FED won't give you the money directly now, but retail or company buybacks will happen down the road in hopes we can get a return on our 8 trillion we have been pumping in markets for the last four months. This is nuts!
The Fed and Government will ensure that millionaires and billionaires don't lose a dime...ever...regardless of circumstances and happenings in the economy and that they'll even profit from this crisis. The remaining 99% can eat cake.
When you see stories about how we all need to jump into the market, or we'll miss out, you know we're close to the top. Was UBS saying this at the March lows when people could actually get a return on investments? Nope. They just want retail investors to dive in now so that the big boys can start liquidating their positions.
The scam continues. Not only are they convincing folks to put all their money in stocks at market highs, but also convincing people to buy houses at extremely high prices just to get a low-interest rate.
Wall Street is fiddling while the US economy burns.
What is “unambiguous” is the rapid rise of the national debt and balance sheet that the Chair of the Federal Reserve Bank told us not to worry about. Also, companies' existence is not for making a profit, but for creating employment and take assistance from the government. If this is the new paradigm, America is in trouble. It is time to look elsewhere for investment. The government can hype and overlook COVID-19, but more citizens are still getting sick and perish from it.
As far as the stock market is concerned, expect it to go down considerably back to normal values, which is far lower than it is now.
Take a look at the dire condition of the real economy - unemployment, less cash to spend, and more debt than ever to pay (at private bank interest rates that are frankly morally and ethically unreasonable in the current climate). Get ready for the biggest stock market collapse in the history of trading. Move your capital to safer stores of value now, or you'll probably regret it come winter. The case for "real economy individual debt write-offs" is getting stronger. Helicopter money hasn't saved the day. Now the central bank buy-up of company bonds is getting risky. By putting more money into ordinary peoples' pockets immediately, you'll boost spending and return the world economy to growth, higher inflation, and higher interest rates. Head towards negative central bank rates, and you'll prolong the agony of low inflation and low-interest rates for decades to come, and cause more QE than ever to add debt to an already overwhelmed tax-payer. Take care, boys and girls, this global economic game we are now playing are getting very dangerous. There is very little room for error now.
It would be sensible that volatility in the market should continue for quite a while. When someone looks at the crazy debt situation, so many corporations are in, it is clear that they have been mismanaged. Why? The real goal of the board of directors and top executives has been to increase beyond any reason their personal compensation. If it took "destructive capitalism," fine, it took borrowing against the corporate assets, fine.
Now earning is down and will be down. Who is really buying? The millions that are out of work, many permanently? This is a global problem.
Those who fail to remember the past.
Meanwhile, the very rich/elite/corporate causes of these economic troubles continue to cash out. There is no personal responsibility if a business is fraudulent, poorly run, or simply has assets sold a little at a time. Ultimately, it is the common shareholder, the citizen with a retirement fund/plan, or the community that suffers. This virus, or another, will come back. This is also another history lesson. It has been since 2008 since I have played at the stock market casino. It still has terrible odds.
Pump up futures, drop at open, buy the dip. Same story every day. Day action will see at least 2 to 3 dips with BTFD, and the last 15 minutes will be based on leaked news, possibly for the next day or overnight. No, if we only could all make money on this pattern.
Only 30 % of Americans have stock, but Trump is pumping trillions into the market to keep 30% whole and the heck with the 70% that will pay the debt. Trump is playing the masses.
The vast majority of people have little to nothing in stocks, and the vast majority of stocks are owned by the wealthy, so propping up the markets isn't as relevant as an income, healthcare, and job security to most. Forty million unemployed Americans during this crisis. You think they'd rather have a job or the stock market propped up?
Sooner or later, the Fed money mill will have to stop. And it's getting sooner each day. We can't be adding trillions annually to the debt. Nobody will buy bonds at negative interest rates. All debt earns interest, and we are nearing the end of our debt financing limit, especially with $27 trillion of debt. We may never pay off the principal, but interest payments must be made. At just 1% interest, that is $270 billion in annual interest payment alone, which will eat tax revenues.
How is the Fed going to make up for double-digit unemployment and less money flowing into the economy? This is so stupid. This market is also a bubble from the Trump tax cuts. Same stagnant growth, but the market doubled. If the market sees Biden winning and those stupid tax cuts being reversed, this balloon is going to lose air quickly.
The more money the Fed pours into the markets to hold them up, the less your money is worth. There is no happy ending in this for you.
The Feds have declared it a Christmas market all year. They just keep pumping the market every day. It goes up every day, and you believe that this is just business as usual when all brokers are screaming somethings wrong, and half of the brokers are cashed out. The big drop is coming soon to pay attention to people.
The Fed can buy as many securities as it wants. But that won't overcome the fact that consumers have stopped spending. All that will end up happening is they will drive the prices to heights that are so divorced from the underlying earning that when the bubble pops, it will be the greatest crash of all time.
The stock market is NOT the economy. It barely counts as an indicator. The Feds dumped Trillions into the stock market to boost it. With 30% of Americans skipping/missing their housing payment. It did nothing for people that have to work for a living.
It was completely unnecessary to float Trillions of dollars directly to business owners. If those same dollars had been given to workers and the unemployed, the economy would get by just fine.
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Ever since Greenspan, there has been a ferocious expansion of credit and/or printing of money. It is a fools' errand. The bond market has been predicting deflation/stagflation for 20 years. Consider Real Estate: when GIs came back from the war, they paid no more than $10,000 for their houses. Those same houses go for $500,000 or more. Those houses are not 50 times improved. Since Greenspan, our dollar buying power is 1/4 or 1/5th of what it was. This is false prosperity. The longer we put off a price adjustment, the harder, the longer it will be.
All this money is pumping up asset prices/profits that must fall.
The Federal Reserve is the pump that powers Trickle-down economics.
Another stimulus is coming. A couple trillion dollars to the rich and their corporations will pump that market up big time. Once the stimulus stops and the bills come due (either as more taxes or devalued dollar), the party will be over, and most likely, it won't be the rich fat cats who will lose the most; it will be the little guys who didn't see it coming.
Trickle-down economics has never, ever worked and never will. It is a theory that has been thoroughly busted and debunked based on real-life experience, and it should be relegated to the dustbin of economic history.
Dumping large amounts of cash into the hands of large multinational corporations and expecting them to act as conduits for the cash to flow down to the middle class and the poor is ludicrous. Every Republican President, since Reagan, has subscribed to this theory, and the middle class has been shafted each and every time.
Trickle-down economics is a smokescreen for keeping the wealth of this country in the hands of the very few at the expense of everyone else. Workers need to wake up and realize that they have power, the power of their sweat and labor. Unions served a purpose once, and the time is ripe for a resurgence of the labor movement.
This is not news. This is the problem with Fed policy for 12 years or more. Using the usual Keynesian policy that is government policy, the Federal Reserve assumed the trickle-down approach would work. Keynesian economics always requires trickle down. In this case, it is not working.
Companies know that they are not compensating their employees enough to allow them to generate demand as consumers. They have no illusions about the future. The business executives know that employees as consumers are constrained by the amount of debt they can get to generate effective demand.
If there is no demand, there is no reason to expand production. There is no reason to invest in real plant and equipment.
Low-interest rates and plentiful credit availability are too good to waste. Since the executives are rewarded for stock price increases--and there is no way to generate stock price increase the honest way through production; the executives buy back the company's stock with cheap money.
The Federal Reserve and the Federal Government are stuck between a rock and a hard place. They cannot let stock prices fall for one reason: Boomer retirement. Pension funds and 401k funds would be devastated if stock prices fell to their true value.
We are witnessing the total collapse of the Keynesian economy. We are witnessing demand destruction. We will soon witness the loss of control by the Fed and the destruction of the US dollar. Enjoy the show.
The Fed might keep pumping for several more months. I think Trump wants a record high (which has no connection to reality, but either does Trump, so there you go). The market will drop pre-election, maybe by Labor Day, maybe later.
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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👉National Debt Tops $26 Trillion - Powell Warns The Deficit is now Unsustainable !!
National Debt Tops $26 Trillion - Powell Warns The Deficit is now Unsustainable !!
America's national debt has been ballooning at an exponential rate during the last 15 years. But it has exploded out of control after COVID 19, adding around one trillion dollars more of debt each passing month.
On Tuesday, the national debt pushed above $26 trillion. That's greater than all the national debts of Japan, China, France, Germany, The UK, India, Australia, and Russia all combined.
Just 35 days ago, the debt eclipsed $25 trillion. And 28 days before that, the national debt stood at a mere $24 million.
The U.S. National Debt hit a new record high of $26 trillion last Tuesday on the 9th of June. In the last 63 days, we've increased the national debt more than two trillion dollars.
And if nothing changes, if we stay on the same trajectory, by the end of this fiscal year, the debt will be over twenty-eight trillion, maybe pushing 29 trillion dollars in national debt.
Because our structural deficit this year is going to reach somewhere around six trillion dollars. In other words, we will have spent six trillion dollars more than we brought in in revenues.
The ramifications of this kind of national debt are going to be catastrophic. The national debt will exceed the gross domestic product by about a hundred and ten percent. When that happens, we must confront it,
we will have to face the ramifications of it.
It took the nation 210 years to run the National Debt up to $2 trillion. It took exactly two months and two days to add the most recent $2 trillion, Peter Schiff said in a recent tweet.
The country’s gross debt has now crossed the historic $26 trillion mark for the first time. This almost inconceivable number comes after several months of inflationary measures by the Federal Reserve, which has seen the dollar supply increase dramatically.
Today Wednesday, 17th of June, a week later, it has jumped again to $65 billion. The U.S. National Debt was $25 trillion just last month in May and $24 trillion in April.
The tremendous increase in debt is due to the response to the coronavirus pandemic, which has only sped up the ongoing global economic crisis.
Prior to COVID-19, the U.S. debt had already been growing exponentially for the last six-plus years. In Oct 2019, it was $23 Trillion, in May 2019, it was $22T. In Mar 2018, it was $21T, Sept 2017; it was $20T, Feb 2016; it was $19T, Jan 2015, it was $18T, and Jan 2014, it was $17T.
This is not healthy for our overall global economy. The U.S. debt level is growing faster and faster every year, and now even every month.
The exponential curve is getting steeper and steeper, if not already out of control; it soon will be.
Meanwhile, the federal government just set a record for the biggest budget deficit in any fiscal year — with four months left to go.
The US deficit soared to $1.9T for the first eight months of the fiscal year.
$3.7 trillion deficit per year, is just over seven times the total of Sweden's GDP.
In May, the gap between what the government spent and what it collected hit $424 billion, more than twice the level it was at one year ago. Revenues in May totaled $175 billion — down $58 billion from last year, the result of a decline in wages and overall economic activity.
May’s budget shortfall pushed the fiscal 2020 deficit to $1.9 trillion, according to the latest monthly US Treasury Department statement.
Fed's Powell warned Congress during his semi-annual testimony that the U.S. budget deficit, which is expected to hit $3.7 trillion this year, is on an unsustainable path.
The previous budget deficit record for any year was $1.4 trillion in the Fiscal Year of 2009. Before this year, the federal government had run deficits over $1 trillion in just four fiscal years, all during the Great Recession.
The Committee for a Responsible Federal Budget estimated the debt would grow by $4 trillion this year.
As interest payments rise, the government will either have to collect more taxes, cut spending, or print money.
Remember that as interest rates increase - so does the nominal debt. Someone has to pay for the tax cuts, and guess what? It ain't gonna be the major stockholders who benefited out of it.
If interest rates begin to rise, the cost of holding on to that debt becomes more expensive. If interest rates were to be at 4%, that debt would begin draining money from other resources.
We will be paying over 400 billion just on interest on the debt.
With the ridiculously low-interest rates. If interest rates were 3-5% percent, interest on the debt could become the largest expenditure. Debt eating up all of our income tax payments. No wonder our prosperity is declining.
We really can't keep going in this way; it's unsustainable.
And that just means the debt is growing faster than the economy, so debt-to-GDP is rising. That is, by definition, unsustainable." The Fed is largely to blame for the debt problem. They lower interest to boost housing and the stock market when wages and real growth has not happened for YEARS. So, people take out higher loans. So people go into debt, spend less on other things, and wages are still low (in comparison), so Tax revenue is just as low. Hence THE DEBT BOMB. And Democrats and Republicans want to give away more free money!
The debt load is expected to rise to 125 percent of GDP over the 20 years. That's higher than the US debt-to-GDP ratio during World War II.
But perhaps the most striking aspect of the growing debt is the fact there really is no end in sight, and the US has no chance of ever paying off the debt.
The national debt is a huge concern, not for our government, but for us. The Fed can just keep printing money and inflate the debt away. For us, though, it just makes things cost more, and our buying power dwindles to nothing. Look at Venezuela and Argentina. Think that is isolated to third world countries? We are on the same fiat monetary system. Just because other countries want to own our debt doesn't make our debt/dollar safe. One day that will change. China is circumventing the dollar by allowing countries to buy oil with Yuan convertible to gold. Why would you buy a dying US dollar to buy oil when you can have a real asset like gold? The problem is that we are stuck in our debt-based economy. If we don't increase the debt, the economy collapses.
The National Debt is unplayable at this point.
The socialist Republicans will not stop until there is no more paper to print money. And the socialist democrats are worse.
If this deficit spending continues, our US Dollar will lose its pre-eminence as the world's trade currency!
The USA has already intercepted Oil trading on the high seas... Other countries already don't need the US dollar for their trade. When the dollar tanks, interest will have to be raised. And then, watch out housing and stock market and everything else.
If you THINK that you've seen chaos lately, wait to see it when THAT happens.
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With a national debt of over 26 TRILLION and an annual budget deficit of a TRILLION dollars, some still claim we are WINNING.
Despite the declining manufacturing data, ballooning national debt, and budget deficit.
As interest rates go up, the cost of financing the National Debt is also going to go up. The Government wants inflation to pick up. But they will not increase the Social Security payments by anywhere near real inflation. In fact, over the last seven years buying power of your Social Security has gone down because of the inflation, the Government won't talk about. If inflation starts to get away from this Government Treasury notes, bills and bonds might be the place to stick your money. Remember the 13 and 14% Nixon years. You could have picked up 30-year bonds with a 10%.
We’re lucky the US is the world's reserve currency and get a major boost from this, where other countries approaching 100% debt to GDP have trouble selling their debt, and interest rates go wild. But we will find ourselves in a major rate bind when the next recession hits and more deficit stimulus spending is needed to jumpstart us out of it.
Soon the world will pull our reserve currency status, and that is going to make some people very unhappy.
We are flying blind here, just piling on deficits, and eventually, it is going to catch up, and it will be a catastrophe.
Obama DOUBLED the national debt in 8 years, adding ten trillion, that's more Debt than every other previous President COMBINED.
Trump has added about $6 trillion to the national debt so far, despite his pledge to wipe it out in eight years and his campaigning on being "the king of debt."
Remember, in the primaries Trump stated "we need to reduce the national debt" and then said the great tax robbery from the middle and lower classes in favor of the rich would bring in so much new tax income for the federal government that it could begin to cut the national debt !!
I am STILL WAITING !!
If you take away the $70B tax break given to corporations, the net growth would be 1.8%. I have to conclude that Trump doesn't know what he is doing with the economy. Why do we need to spend $730B a year on defense? If you add the $300B that NATO is spending, that is more than ALL military spending of all of the other countries of the world COMBINED!
However, I dispute the premise that any businessman needs to be President. The government is not a business. It does not produce anything. The money coming in is money taken from the hard work of citizens. We need someone with morals to be President. Someone who actually is concerned with how to spend our money. Yes, we need national defense, we need infrastructure, we need about 1000 other things as well. However, we do not need anything so bad to borrow money outside of natural disaster relief. Everything else can and should be planned for. If we can’t afford something, then we can’t have it. I want a Porsche but can’t afford it and am unwilling to give up a few other things to get it. It should be the same as the government. Businessmen don’t think that way. They borrow and spend, and hopefully, the new product pays for what they borrowed. The government has no new product to sell.
Conservatives claim government spending doesn't improve the economy unless it's corporate welfare for the military-industrial complex.
The US outspends China by six times and Russia by ten times in military spending. Trump touts increased spending on the military as one of his administration's top accomplishments.
The only thing our government has always been good at is literally just spending money they don't have. We literally already pay so much in taxes. They need to cut spending.
The defense budgets are completely out of control. But it has always been such a boondoggle for politicians.
No politician is willing to speak the truth.
Balancing the budget will take three things.
Entitlement reform.
Cut military spending.
Increase tax revenue.
Touching one of those three will get you primaried in either party.
Fiscally responsible, GOP sent the deficit into the stratosphere.
Haven't you heard, since electing the chosen one, debt is no longer an issue, we just default, easy cheesy lemon squeezy. Why would we pay off our debt when we can tell the contractors to take a hike. Of course, we'll still have to cut social security and cut medicare. Somebody has to pay for the wealthy/corporate welfare program.
Support corruption, forsake your principles, edify the wealthy/corporations at the expense of the U.S. all.
Default on the debt and watch the US dollar become worthless overnight. I hope Trump isn't that insane.
The ruling banksters probably think that they are exempt from what happens when the dung hits the fan.
They probably even have bunkers setup or compounds on remote Islands.
The problem is that even if you have a trillion dollars, you can't buy a can of tuna if there is none.
Taxpayers are the proverbial goose that laid the golden egg. Trying to assume that the economy will just continue to grow to cover any rise in interest payments is the epitome of stupid.
Personally, I hope we have a crash in the next couple of years so that we can FINALLY have an adult discussion about Federal spending. At some point, the public will demand higher interest rates for Federal debt issued, which will invariably crowd out the stupid amounts of spending on pork-barrel projects, special interest handouts, and the government contracts for defense.
Shame on both Democrats and Republicans for this mess.
A study of 20 developed countries who became overindebted showed that ALL 20 had to eventually go through austerity to resolve the issue. It is also a fact that NO country has been able to print its way out of debt. With the amount of debt we now have, we will already have to go through decades of austerity to pay it down. The longer we keep racking up the debt to avoid the pain, the longer the period of austerity we will have to go through. And the entire world will be having to go through this austerity - making it even worse. This is just common sense and should be recognized by anyone with a fully functioning brain!!
We need a real and huge spending cut program. Starting with the government subsidies (there are over 2200 of them). Eliminate all of them (that equates to about one trillion dollars a year). Subsidies, which always interfere with the free marketplace, are essentially a "slice" of Communism - the most failed Economic system ever. Next, reduce government workers' salaries, pensions (no more full retirements at age 55 or under; wait until age 65 like the rest of us to earn full retirement benefits), and benefits to the equivalent of their counterparts in the private sector. Instead of pensions, put them on Social Security and contribute a small percentage of their annual salaries annually to their IRAs. No overtime pay for management employees. Go to automatic income tax deductions similar to Social Security - no forms to fill out - enabling us to eliminate most of the IRS. Abolish the debt-ridden and job-killing Obamacare. Government regulators get a new job - instead of endlessly creating more job-killing regulations, they start off with a clean piece of paper, make a minimum of needed regulations and eliminate the millions of regulations on the books now.
The Fed is extending CREDIT, i.e., enabling more debt creation. They are allowing debtors to dig a deeper hole. Debt is a financial hole, and the first rule of holes is when you find yourself in one, stop digging. At some point, that debt will be defaulted on because the borrower becomes insolvent due to the collapse in the value of the collateral. It is very likely by then that the bond market falls apart and freezes, which means MARKET interest rates rise rapidly and lending freezes.
The Fed has ensured that even the "responsible people" who have "done the right thing" are going to be screwed too.
Inflation is already a problem. Groceries costs are doubling. Some new cars cost as much as a house. Rent is at an all-time high.
Health insurance for a family of 3 is $1400 per month. These are big inflation numbers but will be dwarfed by what continued monetization will do. People are rioting and looting because they are being left behind.
If you artificially create inflation in prices while simultaneously creating hyper-inflation in stocks, guess what happens!
The non-investor class goes from middle to lower to peasants. And if I am a pissed off peasant, and I see an unguarded AT&T store, I am taking a few iPhones, because I am entitled to them.
We have created a Hell of our own making.
The US has austerity for the poor, hungry, and homeless folks. We cut back on food stamps, housing subsidies, school lunch programs, halfway houses, mental health centers, drug addiction programs, early childhood intervention, clean water. But there is ALWAYS a spare trillion for the military each year.
Since 2009 the nation’s private-sector employers have been adding jobs for 132 straight months – 20.8 million since the Great Recession, and yet, nominal wage growth since the recovery officially began in mid-2009 has been low and flat.
U.S. consumer debt is now above levels hit during the 2008 financial crisis.
So despite the longest U.S. economic expansion in history, the debt more than doubled, nominal wage growth during record low unemployment is low and flat, the interest rate didn't recover, and consumer debt is at record high level.
Understand this, when Social Security just starts to take in less than what is received, which is soon, the debt will explode at an even faster rate!!
The debt is getting so big; soon, interest payments won't even be TOTALLY paid. Please protect your family by buying some physical gold and silver, even just 10% of your net worth. Bypass the future food lines and shortages, as people in "rich" countries before have done in times of national upheaval.
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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
👉The Fed's Final Solution Buying Corporate Junk Bonds !!
The Federal Reserve announced it would begin purchasing individual corporate bonds as part of its emergency lending program to inject liquidity into the virus-stricken economy.
And the stock market shot up on these news. Free market? What free market!
The Fed basically promised to backstop every shitty credit company in America and zombify the US economy.
The market is like a drug addict waiting for its next fix of stimulus, tax cut, or rate cut: private profits, and social losses.
The FED has announced they will buy any stock that is down until it is well, not down. Thank you for your understanding. The FED believes All Accounts Matter (AAM) and nobody will be allowed to lose on the long side regardless of intellect or lack of effort.
So a zombie corporation with flat or declining revenues can now sell its worthless bonds to the Fed, take the freshly created funny money and use it to back shares of its own stock, thus driving up the price. Of course, we all know the Fed isn't involved in goosing to the stock market.
The government is buying corporate bonds with our tax money. Let that sink in a minute. The Fed, which according to Goldman Sachs and Citigroup leaks, has said it will do anything to keep the financial markets whole (even as real people suffer) is doing just that. They're buying bad debt from banks and Wall Street.
Is anyone buying your debt as you figure out what to do during the pandemic. This is an oligarchy in plain view. Vote out their minions. The FED is bailing out CEOs and insiders.
Fifty billion in direct corporate bond purchasing along with purchasing corporate bond ETF's. The Fed reserve is the only buyer of treasury bonds for the first time in history. And now we have unlimited Q.E. This is what happened in Japan in 1989. The Nikkei stock market has had a slow bleed for 30 years, and cut in half from hit's high in October 1989
It actually never recovered from its high in 1989. EVER!!! We're destined to repeat that mistake (no, humans do NOT learn from history). Many will lose their money and never get it back. I'm on the sidelines. I don't care if it takes a couple of years to crash, but make no mistake; we're clearly headed there.
Of course, the Fed is the only one buying bonds. Who else would lay down billions in this environment, with all this risk, for 2-3%?
Let me see if I have this right:
1. Instead of a direct taxpayer handout, the fed will buy any corporate junk bonds to keep them afloat just so long as it helps prop the stock market up.
2. The fed doesn’t set a “target” for the stock market but won’t let it find true value and also won’t let it rise too uncontrollably.
3. We’re supposed to believe this is still a free market.
It is not surprising that markets will go up every day while the Fed buys up every debt. Accountability for companies is no more. I always wondered how the markets are up this much when last year we didn't have 40 million out of work and the Feds borrowing and printing daily! Yet markets go up every day with promises, lies, and no fundamentals. What happens when it starts heading down? It would be like an abandoned ship just sailing alone. It is going to be fun watching them jump ship when the bow turns downward.
The Fed Shouldn't buy corporate bands at all. The Fed doesn't have any money; they are using money from the treasury. They're essentially stealing money from our children to prop up their broken system in the present and ensure those already wealthy remain so.
This is going to end bad.
Real bad!
The system is allowing a company that filed for Chap 11 to issue new shares. That's how corrupt things are right now.
Where is the oversight? This isn't part of the Fed's mandate! We're robbing the future generations to backstop the elite. It's criminal.
What Fed is doing pumping stock market will result in Costco Toilet Paper more expensive than the US Dollar paper.
The Fed is now like the crack the market can’t live without. Looks like the market won’t test the lows and continue to fly higher. It’s very plain and simple, no stimulus big drops while the main street begs for money, Wall Street is burping from taxpayers' money. It is ok for social security to collapse cheating Americans out of money they have paid in their whole life. But we have an endless supply of taxpayers money to buy corporate bonds.
Just wait till they convert debt to equity. And the Government owns airlines, oil, manufacturing, retail dept stores,
Atlas Shrugged. At the end of the day, the FED owns everything, and we have nothing left but the stock market.
The FREE non-government controlled Stock Market.
Or is this the Zimbabwe Stockmarket! Pump it up, Powell. The 1%'ers must remain happy.
This is state-sponsored communism of capitalism. There are no free markets anymore, meaning it is not market but a forced bubble upwards by the Fed via Blackrock. It will end so badly for the US. The Costco Toilet Paper will be more expensive than the US Dollar paper.
And there you go. This morning before anything opened, the DOW was down over 600 to 700 points due to... whatever you want to put in there. The FED steps up, pushes a button, imaginary money is 'printed,' and the markets are saved; again. SCAM. I wouldn't put a penny in there.
Be careful, folks. This fake stock market is being held afloat by the fed pumping trillions of dollars and keeping interest rates at almost zero. This market is going to crash, and millions will lose their shirts. Only the insiders (aka congress) and big boyz will be safe. When the market crashes, you want a good back up plan—food and water for a start.
The FED (our) money is the money used to make more money for the wealthy 1%..it is used to save the market from crushing and to win the elections. In the end, we will have bankrupt companies with record market values, low-value US Dollar, and the wealthy 1% even wealthier.
The Fed is ruling peoples lives with their important interest rate decisions and money printing, yet still, people know so little about who they are, how they became so powerful, which banks own them, who are the majority owners of those banks, why the congress authorized them to print money in the past, which US presidents objected them, why no US institution could audit them except the congress but never done it! And the media don't help the people with these questions!
Some claim it’s because the Fed owners own most of the media!
There used to be 500 independent news companies in the 70s in the US, now there are only five big, which own everything.
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The FED knew the market was about to absolutely meltdown again this week, so MORE PRINTING! One trick pony. A great economy would rebound strongly. It would just resume where it left off; it wouldn't need trillions of dollars to prop it up.
It would be nice if the Fed could stay out of the market for more than one day. The Fed's bond-buying program looks good on the surface. However, this is why QE can create zombie companies. How do we know if those companies are the virus-stricken companies or the mismanagement-stricken companies way before the outbreak of the virus? I think the Fed should screen out irresponsible mismanaged companies. Let them go bankrupt. The Fed had better inject cash into other urgent places. If the Fed pours money into such zombie companies, we had better make all US companies state-run.
As the Fed prints more money, it goes into assets such as stocks, bonds, and real estate. Those with capital get richer. Working-class people who depend on their labor and not on capital get poorer. Donald’s elite economy is not the economy of the middle-class American worker.
This rewards speculators and destroys savers. We are all being forced to be rampant speculators, rather than prudent savers. Can this really end well?
Like a hot potato that gets hotter with time, someone is going to get stuck holding it, and it is not going to be a pleasant ending for anyone, nor end well for the last in line.
So retail sales were down a record of 17% in April, but the phony market was rallying huge because the crooked FED was buying ETFs tied to the S&P, Dow, and Nasdaq. What a CON GAME this is.
So much for a free market economy. At least they're telling us they're doing it. I wonder how it is fair for a company that worked to preserve its capital, but now it doesn't get government help and the companies that were run poorly do? Yeah, it makes great sense. Just pay unemployment and let the chips fall how they do. That's the free market for you.
Can't begin to imagine how much insiders are going to capitalize on this when they are tipped off on which stocks the fed is about to purchase. Anyone with half a brain knows it's already happening with the ETFs. I never want to hear again that we are a free-market economy, and the U.S. is not a socialist society.
The market is moved by the Fed, not by the performance of the companies, and insider from the Fed makes all the money, this is totally illegal.
I wonder how it's fair that the taxpayer has no say in which companies are helped and how much they are helped. It's the taxpayer's money!
If ANYONE doubted for one minute that the central banks (which include the Fed) aren't in this together, this should help clarify the situation. The 1% all over the world are having an incredible weenie roast, and the rest of us are the weenies.
I wonder if the Fed has taken into account the possibility of massive losses due to bankruptcy. The Fed can pump a year's worth of money into the system. Debt will NEVER replace sales. US companies will just go deeper and deeper into debt, as long as the Fed keeps the money flowing. Can't imagine how this is going to weigh on earnings for the next five years, if not longer.
Surprised we didn't go to negative rates, like the Japanese. That didn't work either. The market will figure itself out on its own given the chance. Once intervention occurs, it gets worse and worse because there's no more mother of invention to bring on to create new jobs to replace the old ones the government is trying to protect.
Federal "Reserve" bank creates reserves in the banking system - basically the authorization to lend money. This is essentially an increase in the money supply, and there is no theoretical limit to the amount they can create, but it is inflationary - more money into the same GDP implies it costs more for the same stuff. This flows through as either a systemically higher P/E ratio, if growth offsets the capital creation, or it's inflationary. Arguably, buying bonds removes them from the money supply pool, so it should be neutral, simply a shifting of capital infection from banks to brokers (not that they are terribly isolated/separate). Either way, it probably means a challenging market path to traverse. Hard to imagine this could be precisely managed.
So much for the free market. I Can understand government intervention to stabilize markets suffering from some type of temporary anomaly. But I haven't heard of any currently associated with bond ETFs.
There is no reason for the Fed to buy corporate bonds. This is just about keeping the market up. Let the market fall to where it should be, which is closer to the March lows than current levels.
Will markets ever be able to wean off of government intervention?
I am sick of hearing, "keeping the market up." I think They are doing A LOT MORE than just keeping it up; It's at All-time Highs area. This is Ridiculous!
I keep hearing Powell say Feds are doing what they are doing to support markets so they can function.
Why no reporter questions him on this and asks how they used to function BEFORE? There are instances in the past when markets corrected 20% or so. If it was a regular business cycle, then why is it different now?
Is it that now the top 0.1% are holding the stocks and back then it was the middle class holding stocks.
It is surely not because they want to protect jobs as nothing they have done so far has stopped job losses.
Unfortunately, the Fed caves into the barking of the White House. Trump wants a rocket ship, and he will get what he wants. Then it will bomb.
The Fed is doing more meddling in elections than the Russians could ever dream of.
Seems to me that government intervention is like mixing two substances in a centrifuge. Once the government is in the mix, it will be tough to separate it from these ETFs
Remember friends; corporations are people too! Taxpayers owe a big debt of gratitude to AT&T for the GOLDEN PARACHUTE for their retiring CEO. He certainly deserves a life pension of $247k/month.
Something people fail to understand is that corporate bankruptcy rarely leads to lost jobs. We are literally using taxpayer $ to prop up high-risk investments and provide golden parachutes for the CEOs. The side effect is that we have a bunch of day traders handing out advice like they are Warren Buffet while the man himself sits on a stockpile of cash.
How long until the US is in Japan's situation where Bank of Japan owns 85% or more of ETFs on their exchange?
Look at the Nikkei chart in 1989; it was at 39K, it crashed 75% and then never recovered even now at 22K, because the Bank of Japan was doing what Fed is doing now; pumping the stock market. Japan went into zombie depression. The same will happen in the US. Americans will hate the Fed and the Government. The Fed will be abolished. People will be so poor.
More bailing out the rich at the expense of the middle and lower classes. Everything our corrupt government does now is a bail-out to the rich.
This is called maintaining the status quo. The government's job is to maintain the wealth of existing wealthy people at the cost of the middle class.
Vote ALL the bums out. Democrats and Republicans alike. Find a 3rd party candidate and SEND A MESSAGE.
The Government helping private companies; isn't that called SOCIALISM? This is Socialism at its finest!
The Fed is state-sponsored communism of capitalism. The US economy is now a centrally managed bureaucracy. The FOMC is unconstitutional and needs to be abolished.
The real United States exists in the majority of the lower and middle class. And right now, the majority are hurting. Great swathes of Americans are struggling, with any dream of prosperity a far off fantasy. And in the meantime, the people who need the LEAST amount of help; the powerful elite who will never worry about having a roof over their head, or where their next meal will come from, are being further enriched on the backs of every American who does have to worry.
The word I have in mind is evil. This is pure, unadulterated evil playing out in front of us. I don't CARE where the money is coming from.
Trillions upon trillions of support are being fired at the stock market to prop it up to give the illusion of a strong economy. Imagine if a PORTION of that were funneled into healthcare, education, poverty.
This is evil. And those lucky enough to participate in this Fed-fueled rally are too blinded by greed to see or care. It's time to wake up and ask when did this country morph into something so grotesque? When did the free market die, and why did we let it happen? Why are we celebrating an elite few siphoning up all the wealth?
In the coming years, the rally cry won't be against systemic racism. It will be against the concentration of money and power into the hands of the few. That is where the real battle lies.
Now, if only the stock market was related to the average citizen. Unfortunately, this strong market is an indication of a lower standard of living for most citizens. Inflation is apparent to anyone who does their own shopping. A dollar doesn’t go as far, and most of us still aren’t getting raises equal to inflation. Eventually, they have to stop printing money, and putting it on the taxpayers, coupled with inflation or Wallstreet, will be a boom while the rest of us can’t pay the bills.
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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
The Coming Pension Crisis will make the Pandemic look like a Party !!
The US pension plans warned they would run out of money by 2028. At the moment, a number of US public pension plans have barely recovered - if at all from the 2008 financial crisis - now to be hit with the continuing economic fallout from the corona-crisis and domino effect of historic unemployment. An alarming report in the Financial Times warns that seven major public pension plans are due to depleting their assets by 2028. The retirement crisis will make the pandemic look like a party. So many, for whatever reason, have no savings at all. They will vote to be helped. The Medicare trust fund will run dry as early as 2023. Payroll taxes and premiums will go up, while benefits will go down, or some combination of that. Social Security will use up the trust fund by 2034. The national debt is projected to be 50 trillion by 2030. We'll have to print more money, meaning inflation. No politician has even pretended to address these hot potatoes. I'm not saying it will all play out this way, but it is undeniable we will have many, many, many millions of seniors that will not be able to provide for themselves. Almost a third of Americans say they may never retire because of coronavirus hardships.
This country is in for a bigger crisis, with so many Americans having zero savings and getting older. The Social Security issue MUST be dealt with NOW too. It's due to run dry soon.
The Covid-19 pandemic has crippled economies all around the world. From healthcare disasters to black swan financial events, it has been quite some time since the future has seemed so bleak. The politicization of the virus is the problem. And all meant to destroy the economy.
According to a story originally published by CNBC, this widespread financial strife has caused more than one in four Americans to raid their retirement savings.
"40% of Americans Have Less than $1k" and "75% of Boomers Have Less than $10K for Retirement" and "Boomers STILL Carry More Debt than Investment and Savings. Only about 10% of the working population has ANY savings to speak of. This is the only generation less prepared for retirement than they were even two years ago. A 2018 study by Northwestern Mutual reported about 1/3 of people nearing retirement had less than $5,000 saved for retirement. As a society, we are not generally well prepared for old age or retirement.
Yes, some people grew up with smart money parents, others did not, so we had to learn on our own. Teaching money management and
financial investing, a good budget, etc. is absolutely necessary.
These are survival skills that an educated society should provide their citizens....don't leave it up to chance or we will pay the consequence.
ALL Americans will retire. It just depends if it fits on your terms or not. At a certain point, after being let go and unable to find another job, you are retired.
If you're self-employed, you can work as you want. Some folks go till they drop. If the pandemic accelerates, "retirement " will come with an oblong box or cremation.
You may plan to never retire, but believe me, you will for one reason or another. Start saving money, cut the cable bill, the telephone bill, the vacations.
Don't buy an expensive car. Believe me, you will retire someday due to health issues or just because your employer wants a worker who is younger, healthier, and will accept less money than you.
A lot of people will likely be forced to retire. A lot of jobs will not come back, and when they do, you can bet older workers will be the last hired.
Corporate America has no need for you past age 60. Many of the 55 - 60 years old are being forced into retirement early because of the virus. They have been laid off with no chance of being rehired. They don't show up on the unemployment numbers, but they are here. The unemployment figures are false and much worse than indicated.
By 50 years old, you should be prepared for retirement. I can't believe how many people think they can start saving for retirement "later." "Later" is promised to no one, stupid not to start immediately. Besides, wealth is a function of time and money, more time, less money, less time, much more money (contributions). Time marches relentlessly on, it can either be your friend or your worst enemy. I know many folks 50 and up that were laid off during the great recession, never to have found a decent paying job again, and the same is going to happen again now. Then you've got a significant chance of becoming disabled due to illness or injury. Maybe your body just gives out you can no longer do your physical job any longer. If you've waited, it's too late now. If you want to talk presumptuous, it's assuming you can save "later."
THE PROBLEM IS NOT THE VIRUS BUT MONEY MANAGEMENT. IF ONE IS NOT TAUGHT AS A CHILD TO RESPECT MONEY, THEY WILL BE AND STAY POOR. If one event can ruin your retirement, then you didn't plan very well to begin with. The simple truth is 45 years is either a lot of years of good decision making or a lot of years of poor decision making. There's going to be a huge spread between the 65+ haves and have nots.
It seems each new generation becomes lazier than the previous one.
They want more entitlements, but they're less productive.
The newest working people, those just graduating from college, got a good lesson of what living paycheck-to-paycheck will do. Hopefully, they will understand not having a subscription or two, having the newest smartphone to order your coffee and leasing the BMW isn't so important if you have zero savings of some kind.
If you are working and unable to save at the very least 10% of your pay, then you are spending too much. Or you're not making enough. Saving is not a hard concept. Savings takes self-discipline. The key was (still is) don't spend a lot of money on depreciating assets like cars and clothes. You gotta live within your means and save for the rough times.
People were crying the second week out of work with no paycheck.
These people are obviously doing something wrong!
If 2-3 months laid off, and possibly making more in unemployment/stimulus money has ruined your retirement, you were already a financial wreck before coronavirus.
Simple rules:
1) Live below your means - not just within your means.
2) Purchase items used if possible, such as a car. I only purchase used cars and keep them for 5-7 years. I do purchase new cell phones, but I keep those around three years on average.
3) Have at least three months of emergency funds. More is better, but three should be the minimum.
4) Invest early and often.
5) As you get older - and closer to retirement - slowly switch a percentage (40-60% depending upon your specific circumstances) to more secure investments.
6) Take on as little debt as possible. I do not know what my credit card rates are as I always treat them like cash and pay them in full each month. I only take on debt if it makes sense financially.
Regardless of your income, it is possible to prepare for emergencies and invest in retirement. It simply requires discipline to do so.
Should have had some emergency savings in place to sustain you for a few months WHEN the economy goes south. If you're holding a nice smartphone, drive a nice car, and live in a house you couldn't afford, then you only have yourself to blame for having to work until you drop dead.
Live within your means, plan for the future, and don't count on somebody else to come along and support you, because they (probably) won't.
If you are having trouble making ends meet, here are a few tips.
-Cancel unnecessary subscriptions, cable TV, Netflix, prime, etc...
-Shop around to save on monthly services like insurance, phone, internet, etc...
-Buy second-hand items whenever possible: cars, furniture, clothing, cell phones, etc...
-Buy the lowest-cost, smallest house that meets your needs (not your wants).
-Cut out unnecessary spending on restaurants, coffee shops, etc. Make your own meals, do the brown-bag lunch thing
-Don't spend a lot on gifts. Make your gifts. It's lower-cost and more meaningful.
-Don't do stupid stuff.
-Shop around for a better paying job. Compare total compensation, including wage/salary, 401k contribution, HSA, health insurance. don't include BS benefits like pet insurance, free massages, or other things you don't need.
-Don't buy pet insurance or spend a lot at the vet.
What this virus has exposed is the lack of an emergency savings account and basic financial planning.
And stagnant wage growth for the last decade has not played a role! When a person has no cushion, Covid-19 doesn't make much of a difference.
Boomers do have one advantage, though. Our parents grew up during the Great Depression, so the idea of savings was drummed into us during our childhood. It doesn't mean every boomer learned, but many did.
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The pandemic did not create the "retirement crisis," it has been there all along. And the Federal Reserve Bank is not helping millions of retirees being made complete fools of with money in banks and credit unions at around .01 percent interest. They are being robbed by the Fed to pump up Wall Street speculation into the latest balloon. This is not going to end well.
If the "Fed" stumbles and falls, which I think that it will, the wealthy will just run away from the Hindenburg Finance Disaster and just create another scheme, probably "digital" this time.
Hardly anyone "saves" what the privately-owned Federal Reserve Bank can just create more on in minutes on computers or taking a while longer, printing up debt "notes."
Most of us, myself included, will get badly hurt if this grand scheme of paper and computer digits crashes someday.
The money given away by the government this year will reduce the value of your retirement savings by 20%; REAL inflation is that huge.
The weak financial condition of seven US public pension plans threatens to deplete their assets by 2028, leading to severe risks for the living standards of thousands of American employees and retired workers. Many US public pension plans had not fully recovered from the 2007/08 financial crisis.
As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or lifetime payments from their pension could boil down to one factor. Whether they think the employer will be able to meet its long-term commitments.
There are over 5 trillion dollars in 401k's, and you can bet the government is absolutely salivating over the possibility of taxing it or even confiscating it "for the greater good.
Using 401k law to fund retirement has always been perilous. While the current stock market drop is understandable, many market swings seem baseless, and the result of both can and do ruin retirement plans with no fault of the retiree.
There should be a law that companies must contribute to a funded retirement plan run by the Federal Government. In most developed countries, something along this line is done, and since all those countries and companies within those countries figure out a way to be competitive, we should be able to figure it out also.
Last, the law must include a provision that the Government cannot use the funds for any reason other than to disperse retirement money.
People have spent 40-50 years applying themselves. At what point do they deserve to start living? They gave their best years to this country, and in return, it spat in their lap. The elderly should be taken better care of in this country. They spent their entire lives working for corporate America. It's time for Corporate America to pay them the thanks that they deserved. That pitiful living wage during their best years is not enough.
A lot of working people don't realize how much of a burden debt is as it's become a way of life. Maybe this pandemic will make us realize that just because we want something, it doesn't mean we have to get it. Freedom from financial stress is what we should aim for.
Let's be clear. Not only were Americans not financially prepared for a pandemic, but Corporate America wasn't either. How many businesses, both big and small, are shuttering their doors. Businesses couldn't afford to keep paying employees, rents, etc. any more than the average American could keep paying for their basic expenses either. I hope the finger-pointing and BAD CREDIT judgments get reined in.
Being a consumer-oriented society, we have been pushed to the limits to spend. A capitalist nation depends on the consumer to spend and spend more. However, recently, due to the ongoing lack of confidence in our economy, many people have turned to save instead of buying for buying's sake. This has sounded alarms in corporate boardrooms. Their goal is to get spending back on track.
Larry Kudlow mentioned that the retail sales numbers would be great for May. But, he failed to include that much of that spending was done with stimulus checks. He also didn't state that credit card spending was also up. People are resorting to Credit Cards instead of cash savings. What happened when the stimulus ends and credit cards get maxed out?
The pandemic brought an important lesson home to everyone. It has taught us that anything can and will happen and not always good. You plan a budget, then try to stick to it, set aside some money for emergencies, and prepare for the future. Generation X's have a long time to retirement, so they have time to recover from the downturn in the employment market.
It will be slow at first. I think we'll be told one day to thank God our president is saving the economy by issuing new, strong money. We'll be told our non-patriotic old money will not be good after a certain date or after a bank holiday. At that point, if it happens, spend ALL your old money on food. After that, I can't tell you. Good luck! Save money. Money talks during a disaster, including finances.
Most people put way too much faith in the stock market. Quick gains also open you to quick losses.
Buy gold, Silver. Stay away from this market for now. Just wait for the burning smell of speculators to get a sniff of what is heading our way. Markets are way overvalued and will see a massive fall. There is no justification for stock prices when the entire nation is still suffering from this Virus. It is not going away because Trump says so. We haven't seen anything yet until the fall, which is only 16 weeks away. This virus will haunt us again worse in the fall.
The FED response has been almost criminal yet continues to persist. I think we may finally be at the breaking point of this fiscal policy since too many people are using it to speculate on values going up no matter what based on FED support, which has created an enormous bubble that can only be addressed by either reducing support, or a massive collapse.
A 2nd wave is guaranteed here in the states.
The second wave of virus + Riots = stock market's doom.
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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
👉 The Stock Market due for a Crash , Facebook releases Libra , The Fed behind the Robinhood App !!
There are no investors in the stock market; there are only gamblers. The only reason you buy a stock is because you think the price will go up, and the only reason somebody is willing to sell you that stock is because they believe the price will go down. One of you will be wrong, but by the time you figure out who is right and who is wrong, one of you will have cash in your checking account, and the other will have a piece of paper called a stock certificate.
Apparently, every generation has to learn the hard way about stock market bubbles, and now it's Generation Z's turn while they're stuck in lockdown with their Robinhood app. But, this stock bubble is exceptionally obscene when the real unemployment rate is over 20%.
Always arriving but somehow, never getting there. It is a sucker's market, folks. It is rife with amateurs buying bankrupt companies, companies heavily in debt - all in the middle of a Recession (more like a depression), under the belief, that you buy low and ride the crest to the top with this supposed, "V" recovery coming! Meanwhile, the seasoned investor is out there, knowing fully, that all hell is going to break loose and it is going to be an "S" recovery, with a highly "juiced" (by the Fed) S&P to give the appearance, that a recovery is in full swing. Run the other way, or you WILL LOSE your shirt!
The Federal Reserve is what really propping up the markets. They went on a buying spree to purchase billions in corporate bonds to save corporate America, mostly through ETF's. In fact, Blackrock, Inc. recently came under scrutiny for its cozy relationship with the Federal Reserve, who has bought more stocks through them than any other asset management firm of its type.
Now they started buying corporate bonds through ETFs.This will most likely turn like Japan, where the Fed is buying stocks. Stimulus money always ends up in the market. Corporations are buying their own stocks with the free money.
The FED just injected 5 trillion and bought every failing asset in the US. The Fed can basically do whatever it wants with no consequence to the Fed. The consequences will fall on the rest of us. What else is new? Nepotism. The US taxpayers will be responsible for paying the trillions in additional debt.
Why has the stock market soared? Because originally, the Fed has supplied cash to bolster the economy. However, stray cash is going into the stock market. Also, human beings' greed has been overriding all kinds of concerns about the dismal economy. Greed has created rampant speculation. Therefore, all gloomy economic indicators are meaningless to people. Actually, they have intentionally turned away from the gloomy data, seeing what they want to see. This is why the stock market has been skyrocketing, even without the recovery in the economy. The oversupplied cash and greed have separated the stock market from the economy.
The Fed's prime directive is to maintain inflated high stock market prices to continue the Trickle Down Economics, while publicly denouncing the trickle-down concept.
I look at buys on these companies.
No way individual investors can buy 100000 shares of these stocks. The money involved has to be from institutions. How anyone can't see that is beyond me.
Fed working low volume at night bidding against themselves. Your tax dollars at work. People have figured out the pattern buy at closing sell in the morning.
Just to be clear, we are still in a bear market. We just had the bear market rally. Implied P/E on DOW is almost 25. We have a long way down to go.
Everyone knows the market can't go up another 10% this summer, the Fed stimulus is factored in, and so this will all die off, and we'll start seeing the more typical market actions with the occasional pop and drop on some news. The stock market is amoral and has no care for anything except profit.
I just cannot see how this is sustainable when it’s fuelled by a Ponzi scheme. If the market keeps going up, then I would bail out in October before the election. It just feels like something is going to pop a relief valve this year.
It looks like it is finally time to short the market.
Robinhood is probably none other than The Fed and their magic money printing machine.
A clear sign we are on the verge of The Great Reset.
Bizarro Robinhood App is rigged to steal from the poor and give to the rich through stealing their trade data and selling to Wall Street to further manipulate on their Not Level Playing Field.
These commission-free trade apps are designed to steal from the poor and give to the rich by selling their data to Wall Street.
How do we know the Fed hasn't figured out a way to open a million individual trading accounts with Robinhood? Buying stocks directly now, are we?...
The Robinhood meme is being used to generate FOMO. Don't be fooled by the propaganda. It's a honey trap.
When the elite let you into their rigged game, it´s because they need suckers before the plug off.
All these retail gamblers will end up squeezed.
This is what happens 90% of the time to gamblers:
tiny win, win, win, big win, huge loss. GAME OVER. Thanks for playing.
The Fed is propping 401K and retail. This time the suckers are winning.
As of June 10, the S&P 500 was up nearly 1,000 points since its low in late March. There's a lot of economic uncertainty abounding these days. The US market had soared about 30 percent since the trough, driven in part by record amounts of the central bank and government stimulus, leading to worries the rally had become too detached from economic reality.
In the face of a breathtaking disconnect between Main Street and Wall Street, largely based on overconfidence in free money, my sense is that there remains a crisis ahead that will emerge ‘gradually and then suddenly.
Things go up until they don’t. I’m more bearish than ever right now. So if the momentum changes, there will be nothing to support these overpriced stocks. In other words, get out before the rest. Never try to call the top or the bottom. We are much closer to a top than a bottom, so the greatest risk is to the downside.
They NEED MORE TAXPAYERS MONEY TO BURN IN SPECULATION AND SHORT SALES.
THE HELP GIVEN RECENTLY ALREADY went up in SMOKE! We are in a recession already. Forty-two million filing for unemployment- bailouts for everyone. Five trillion deficit and plenty of failing businesses.
The V-shaped recovery is no longer likely. I think reality will sink in around the end of the 3rd quarter when the extra unemployment benefits run dry, and unemployment is still high. I think real estate is in for a big shock between now and year-end. Logic has left the market when people think Hertz is still a buy.
Fabulous and permanent losses coming for inflated B.S.market.
It is going to be catastrophic for we the people, as every 401K in the country is tied to these stocks. Not to mention the Pension Funds in general.
EVERYTHING in this market is RIGGED FOR THE RICH!!!!! WAKE UP AND LOOK!!! THIS IS NOT A FAIR MARKET IT IS RIGGED FOR THE RICH!!!! AND STUPID PEOPLE SUPPORT IT! If you hold any of the stocks, you better sell them fast.
I would stay clear of this market. They will steal your money. It is all digital. They see you, worse than a casino. You are not in the Illuminati insider trader mafia; they will steal your money. Charts change direction as soon as a pigeon (non-mafia person) “invests” with the market scam.
IOW, all of the 'algos, quants, BTD, data analysis, charts and graphs, ad nauseum' were horse manure.
Only really long involved and huge money players like Warren Buffet and Carl Icahn and their ilk who occupied the rarefied atmosphere of finance ever made any real money. And that was because of their longevity, their access to insider information, and their reputations as 'financial geniuses' and finance-world A-listers. Kinda like how Tom Cruise and Steven Spielberg are Hollywood A-listers, whose longevity, records of success, reputations, power, etc. give them access to the money and resources for movie-making that some bit-part actor could never achieve.
IOW, the whole finance game has for many years (since the cabal gained total control over Wall Street and our government) been a rigged casino game in which only the A-lister power-players win. And the rabble retail investors in fly-over country lose.
The 'data analysis, algos' and all that other horse manure were just bright shiny objects to make the rabble think that the game was clean and not rigged and that they had a chance in the investment game.
I have one tulip-bulb that I will sell for two riverside town-houses!!
Everyone seems to have bought into this "Fed will save everything" and "it will be a repeat of 2008" mindset. The issues I have with that are, in 2008, the Fed stuffed money down the throats of big business and fattened up already fat accounts so that their books looked good. Once the crises were deemed over, those corporations used that money for buybacks and various other schemes to boost the stock and enrich the upper management. Today the environment is much different. Instead of fattening up accounts, the Fed money is being used to keep corporations solvent, and much of it is being rapidly spent. Corporations are taking in massive amounts of debt to add to the already massive amounts they racked up with their self-enrichment schemes. All this debt will weigh heavily on earnings well into the future. Bottom line is, if "Investors" are "betting the house" on a Fed fueled explosion after this is over, they may be disappointed, as the money to do that has already been spent...
People say that the market is a forward-looking indicator and always rallies six months before an actual turn in the economy. The truth is that it is almost perpetually in rally mode, and like a broken clock ( hit and hope), it eventually gets it right. We may still find ourselves testing the bottom.
The main driver of stock prices is supposed to be earnings and revenue. This year's earnings for most companies will have a significant decline. Many company's earnings in 2021 will be lower than their earnings were in 2019. In the near future, the big players will reverse and start shorting the market and push stock prices down.
Spikes in every state reopened, and we have yet to see the effect of the mass protests. Earnings are the core driver of stocks over the long run, so this short-run speculative bubble that has been created will soon pop. Hopefully, you did what a lot of people did on Friday and take some profits and put some cash on the sidelines. I wouldn't want to be a margin trader in this market, and no, just because you defy all logic and your stock still goes up, that doesn't mean you're good at picking stocks. That just means other gamblers are playing the same losing bet.
No bear market. No bull market. This is a kangaroo market. Pullbacks and rotation by those faceless criminals! Where is SEC now?
The only way to stop robbing pullbacks is to investigate and arrest those criminals (the worst kind - those big trade firms) behind selloffs and meetups. So-called market is the kind of Ponzi scheme, as old and dirty as, if not more than prostitution.
Our whole market is smoke and mirrors.
Stocks of bankrupt companies going bananas despite companies being broke.
USA service economy, will not give real jobs to real people.
Businesses aren't paying their rents; landlords aren't paying their mortgages.
Fed is propping up the banking system while forcing everyone to pay their debt. Forbearances are coming to an end soon.
Let the banks fall and restructure them later. We need a debt jubilee. We are running out of options.
Rebuild the middle class and give them some wealth by letting them stay in their homes.
This is the reckoning of over 30 years of stagnant wage growth, stagnant purchasing power, the destruction and outsourcing of good-paying jobs, industrial de-investment in the U.S., debt pyramiding, market manipulation, central bank planning, speculative stock investing, the ability to borrow money on the cheap, massive wealth consolidation in the form of inflated stock and asset prices.....
All leaving our economy in a fragile state and the average worker most vulnerable to the pain of a collapsing economy.
The world's wealthiest and most powerful country (we keep telling ourselves that) couldn't figure out a way to keep 40 million people employed.
What an embarrassment.
Aside from that, If you want to ride the madness and make a buck out of it. Facebooks Libra coin just got released 1 hour ago! You should get some fast because they have a sale at the moment, but it could be over soon because everyone is buying in.
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Where would the market be if companies' policies not dictated by stock price, no stock buybacks could be done, and QE was not 6-10 trillion dollars, and some type of common accounting practices were actually used. I want to say the market would be around SPY: 40-60. I think its like 300 now. Got as high as 330. Just kept going up and up and up. No chance to ever get in. Because when it does go down two seconds later, they come with the firehoses and dump a shitload more money on it. You have like 2 minutes to make a buy before its right back to where it was. No thanks! Rigged Casino, with algos, front running bid and ask. How can it even be called a market? It doesn't even resemble one. It is just some tainted fake ATM that just spews out fake cash nonstop.
The heart of the problem lies back in the '70s when the Fed, along with Republican and Democratic senators pushed bank "reform," which just repealed major acts that regulated the banking industry, monopoly laws, etc.
Along with this came the removal of the gold standard in 71, which then started the printing frenzy, and the stock market exploded (alongside gold, unlike now).
The QE/Stock buybacks/TARP is just what happens when the tide rises, and the rats start to flee the ship. It is essentially the beginning of the end of the US dollar as a global hegemonic currency. If you got rid of the buybacks, QE, etc. you would just prolong the inevitable by a few decades, but the rot is still there. The FED still has complete control, still unelected, still deciding how much money to pillage from future generations to keep the system solvent.
The algos and High-Frequency Trading are just one way the large institutions can further steal down the chain.
The Fed steals and sends the money to the banks. The corporations steal by getting credit with little interest, pumping corporate paychecks, and paying 0 taxes. The algos steal even more blatantly by getting essentially premier access to the stock market.
If you think Forbes 100 is correct, think again. I'm 100% certain there are individuals walking in the US today whose net worth eclipse Bezos and Gates, yet no one knows about them. Think about being in control of where $5 TRILLION goes to. How easy it would be to send just 1% of that money through various entities to a private bank account in the Bahamas.
COVID 19 is about engineered economic collapse meant to accelerate bringing in the new monetary system. The new system is not currency; it is a credit system that will give the elite even greater control. The goal is control, whereby humanity is transitioned from freedom to slavery. If you know anything about the present financial system, you know that is already the case; however, the new system will be many many times worse. By cooperating with the COVID narrative, we are accepting a slave system that the vast majority cannot even comprehend at this point.
The next President will be blamed for our out of control debt, the high unemployment, etc. If I were Biden, I think I would say no thanks for the opportunity, but I'll pass! Let Trump deal with the mess that he has created!
Many have fought the Fed; few are still alive to talk about it.
This was The Atlantis Report.
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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
