Not much has been fixed since 2008, and the debt is getting ever bigger, but in the short to medium term, the American markets are going up strongly. The main reason is that we are not Europe, Japan, or China, and money has to go somewhere, so we are getting an influx of cash from outside. Would you rather put your money in the US stock market, or a Cyprus bank right now?
An experience contrarian might make a darn good case to invest in the Cyprus stock market (if such a thing exists). Only one direction to go!
The main reason markets are going up is helecopter Ben throwing paper money out the window and zero interest.
” the American markets are going up strongly.”
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You are being sucker punched, as the fat cats keep doing the pump and dump.
America is going down hard and rapidly.
The reason is the Fed is pumping 85 billion a month in funny money that has to go SOMEWHERE.
There’s a problem with all that foreign money flowing into the US for protection.
In past, the major blocs, America-Canada, Europe, Japan and China, worked to stabilize the others with the idea that an international depression could ruin everybody’s day. The trouble is that the US was paying for the lion’s share of stabilization.
However, between Obama and the Europeans going into a spending frenzy, they are forcing everyone to do the same, isolate and look out after their own interests. Insulate themselves as much as possible from the others.
International finance was even more irresponsible, such as encouraging insane types of “gambling” investments such as derivatives. Their idea was that they could make fantastic sums of money, yet if everything went south, governments would bail them out.
Today some of the largest banks in the world are holding debts worth theoretically $75 trillion or more dollars.
Of course that means they are all insolvent, and their real assets need to be transferred to a stable bank, probably created for just that purpose. But that will not be, because due to intense lobbying, these derivatives trade have *priority* over everyone else in recovering their nonsensical debts.
Vince you are wrong in your assessment, the market is going up because the banksters get cheap money from the Fed, they know this will create inflation so they buy into the markets and sell when they have driven up prices. This usually happens after Joe Public decide’s to get back in the market.
Soon when the music stops there will be no chairs for anyone, then it falls apart.
The problem is that when fiat money breaks down, you have no way to fix the problem. Only real money with real value will work. You cannot bailout a debt problem with more debt notes. They need real money with real value and no one on this corrupt Kleptocratic Planet will give it away. Although Obama and his Homeland Security Forces are fixing to solve that problem in the same manner that every socialist tyrant on the planet solves that problem.