To remind others here, there’s no one, big, single crash in a terrible decline, although cursory history lessons appear to indicate that. There are fluctuations, and it’s doubtful that we’ll see the dates of the biggest ones in advance with any accuracy. With machines and so many groups playing the short game, it’s harder to tell than ever before without inside information from members of those groups (also favored constituents of politicians and very globally oriented). And they lie. It’s part of how they make money.
And that’s why some of the broad behaviors in the market seem to make little or no sense. For example, downgrade the our currency with good reason (crazy debt regime), and our currency goes up. Another: the Fed makes an extremely desperate bond-swap move, and our currency goes up, further crushing US manufacturing and exports.
In short, we’re ruled by tyrants engaged in orchestrated insanities for their own personal interests, and they’re not really contributing to western production or prosperity. Extreme decline is imminent. They’ll either continue squeezing the dollar up to hasten the decline, as the debt regime has already gone too far. Or they’ll put it off a short while longer by devaluing the dollar.
And BTW, the stuff about China’s immediate decline is propaganda for placating the western masses that are about to erupt. The latest effort to hike the dollar unnaturally and internationally, and to crush oil prices, is an effort to try to continue the import regime (lowering freight fuel, Chinese prices, etc.). Watch for new floods of American unemployed. It’s the end of 2007 and beginning of 2008 all over again, but far worse.
Hold on to your pennies. Don’t buy anything.
is my money in my roths and 401 worth anything?....I’m not old enough to take it out without a penalty and taxation and then again, what would you do with it anyway.
I just wanted to say, that your post is right on, and I’m thankful for the ones I occassionally see from you. Thanks!
If your holding on to your pennies, make sure they're dated 1981 or before.
There IS manipulation going on, but often what happens is unintended consequences rather than deliberate moves.