Can’t lower interest rates, so money printing is all that’s left. A bunch of wealth will be destroyed, so the central banks will replace it and then buy up markets at fire sale prices. That’s one way for the government and the multinational banks and corporations to own everything.
I watch the financial gurus on CNBC and listen to their advice.
I then do the opposite
....... HECK NO ..... you idiots! ..... Time for Plan B .... let some adults handle this for crying out loud! ..... Go back to Karl Marksville and let some logic and common sense take over ..... SHEEEEESH.
One of the first things to be done to prevent damage to the US economy: you know those “businesses too big to fail?” This also means that they are “businesses too big to continue in their current form.”
Just forbidding government supports to protect the economy is not enough. That by their actions, or just by their very size, they are intolerable. So a methodical effort must be made to divide them, and if necessary to divide them again, until they no longer represent a threat.
The Crony Capitists that RUN the FED.. are for hopeing for Donald TRUMP....
Ted Cruz would be the end of the party... time to leave dodge and convert all liquid assets to Euros.. or invest in CHINA.. which is having it’s own problems..
[[The Demands For Another Fed Bailout Have Begun]]
Sure it is- they want a slice of the pie while the santa claus is still in office- They want to get in on the action whereby money is taken away from hard working citizens and given to delinquent irresponsible businesses-
You’re going to see a lot of this in the coming months as people scramble to cash in while the money fairy is still in office
We rarely have the volume on at work and Never when Cramer is on. We leave CNBC on mostly because its expected to be on when accounts come through. (I’m in the market).
Cramer is a buffoon and a very good reason CNBC is losing ratings although generally when markets dive they pick up viewers.
I have never met someone addicted who has walked away without hitting the absolute bottom. The financial class (Cramer and friends) is heavily addicted to Uncle Sugar (aka the FED) making them filthy rich by socializing their losses while privatizing their profits. With a little bit of effort, it is easy to discern that every financial bubble in the history of man comes crashing down and leaves a pile of rubble. The only difference this time is they have extended the bubble by being able to rapidly inject trillions of dollars of debt/wealth into the system to keep it going. That has worked for 7 years, but the clock is ticking and this is not sustainable.
When it does finally go belly up, these guys can all look at each other and realize that they were the first bunch of idiots that wiped everyone on the planet out at the same time. Until then, they can keep promoting the illusion of prosperity and begging for more of the good stuff like the addicts they have become.
Ah yes, the Paul Krugman cult worshippers are making their commie demands. Debt is good except when repubbies do it.