I am always interested to watch how many people find the financial system in the US will fail. This is a fact as the system is corrupt and manipulated yet know one can see past the inflated stock market success, misleading unemployment statistics and low interest rates. Numerous cities have filed bankruptcy and many others are on the verge of doing so. Real-estate foreclosures continue to weight on our economy as well.
This is not very difficult to understand, but if you research the 1920 depression, too many similarities occur. Even though there are so many theories on the exact cause of the depression without consensus to this day. My belief only is that our economy is quite complex with trends you simply cannot measure in comparison to the great depression. The fall is only a matter of time (not if, but when) and the signals are simply being ignore by the masses. I am of the school that believes that the depression had many symptoms with the gold standard devaluation as the root cause with numerous other factors that followed. Not wildly accepted, but American's will never all agree by nature. The gold standard was only one of the common denominator to the world wide depression. Todays monetary system is even worse because it is completely manipulated by our federal reserve/government that simply prints money to no end and increases the national debt to never before seen levels. By raising taxes (including healthcare) you have now taken the buying power away from the people, which in turn forces the American people to secure additional loans (see student loan debt levels) which over time they simply cannot afford. The high levels of tax and loan debt along with terrible Fed. policies, poor leadership and decreasing economic output cannot be cured by additional government hand outs and debt.
The system will fall not just the stock market. The market will be propped up by the government as we speed down the road to our ultimate demise and our financial system topples over. The cure unfortunately will be more painful than the disease itself. How do we increase our productivity when emerging market forces low wage/productivity ratios are vastly less than our own? Pour leadership will continue make all the wrong decisions with full support of the majority. Inevitable is my conclusion, but today it is 70 degrees and sunny.
Nice post, man. Thanks for taking the time to write all this stuff.
I kinda understand ( like 2%, if you ask me ) how US system works. But the thing is: People are blind.
Greed is driving everyone to self destruction.
It's nice when you're -among- the majority. You know when you should pack your bags and leave. Did that back in 2008, in Greece.
When you see fear from majority of people, afraid of being fired, then you know something is not good. Did some research, saw a part, of what was coming, packed my bags and moved to Serbia.
Just, now, I have the same feeling. Looks like this is going to be big. Too much democracy is involved in everything.
http://www.moneynews.com/MKTNews/Market-Collapse-Finance-Stocks/2013/03/01/id/492699/I'm not an expert for stocks, nor cryptos.
But, I saw few warnings lately, which are saying that markets are going to collapse soon. Like, really soon. ( Days, weeks, 1 month, tops )
All I'm interested to know, what impact would Europe have if US stock markets collapse?
Already seen that the US govt is making a police empire. It could be a warning as well. People will panic. They will be losing their jobs, food/oil prices would skyrocket, so, it makes some sense.
Monday is in 2 days. ( Not saying it will happen on Monday, just speculating )
Not trying to spread fear, nor anything else. Just looking for some information, so I can protect myself,
if that happens, again.
Thanks for your time.
-TWC
Because the European banks and corporations invest heavily in American companies, anything bad that happens in the USA will also completely destroy the European economy. Just like the housing bubble.
That too.
US banksters sold lots of private banks to some European countries. Those banks had big debts. Everyone thought that "crisis" was over.
They were just adding hot air in the bubble. Real estate bubble. You know what followed.
Now, Sweden & 1 more Scandinavian country ( can't remember which one ) are chewing their loses, because of US banksters.
It is easy to manipulate small time investors/traders, not by you can me, but large investment banks. They give out ratings, issue analyst reports, and also invest themselves. There is certainly conflict of intertest. Many times have I seen them drop a rating, revise a target, buy in themselves and then issue a positive report later on.
Hey, it's just a ride : )