The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 BlogviewMike Whitney Archive
9 Things You Should Know About the 2020 Stock Market Crash
🔊 Listen RSS
Email This Page to Someone

 Remember My Information



=>

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
Search Text Case Sensitive  Exact Words  Include Comments
List of Bookmarks

1– Investors are cashing in and heading for the exits

According to Bloomberg News: “Investors made their biggest dash for cash in history” in the last week. “They channeled $137 billion into cash-like assets and a record $14 billion into government bonds in the five days through March 11…..(while) money managers are liquidating en masse.” (“Investors Liquidate Everything in Record $137 Billion Cash Haul”, Bloomberg)

Why are investors exiting the market?

Because the psychology that drives business investment (“animal spirits”) has been dramatically impacted by the coronavirus. Expectations for future prosperity have been dampened by the fog of uncertainty. When uncertainty prevails, confidence wanes and investors cash in and get out. Coronavirus is fiendishly designed to push stocks and bonds lower in response to the staggering deluge of bad news.

2–Stocks have been walloped, but consumer confidence is just now starting to drop

According to the University of Michigan, consumer sentiment fell from 101.0 to 95.9 in February. These calculations were made before the “Thursday’s stock-market plunge — the worst since 1987 — and the rapid shutdown of university campuses, public schools, major sports and entertainment venues over the last 24 hours…. the data suggest that additional declines in confidence are still likely to occur as the spread of the virus continues to accelerate.” (Bloomberg)

Stocks will undoubtedly reflect investor pessimism in the months ahead, pushing prices lower while the virus spreads.

3– The Fed’s $1.5 trillion liquidity announcement triggered an impressive 2,000 point rally, but the policy badly misfired

On Thursday, the Fed announced that it would provide more than $1.5 trillion in short-term loans to repo market traders. Fed chairman Powell believed that this would ease tighter lending conditions in a market that is a critical part of the system’s financial plumbing. Surprisingly, the demand for these short-term loans was weak and the Fed only provided a meager $119 billion. In short, the Fed did not accurately identify the source of the problem which obviously lies elsewhere.

In order to conceal its mistake, the Fed launched another round of Quantitative Easing on Friday. According to the Wall Street Journal: “The Fed announced Friday morning that it would purchase later in the day roughly half of some $80 billion in Treasury securities that it had said Thursday would be purchased over the next month.” (Wall Street Journal)

In other words, the Fed fired its $1.5 trillion policy bazooka at the repo market and missed the target entirely. The next day, the Fed resumed its QE money printing operation and investors piled back into stocks. This hit-or-miss approach shows that the Fed does not completely understand the issue it is dealing with.

4–The real economy was weak even before stocks started crashing

This is an excerpt from an article at Marketwatch by economist Stephen Roach: “The problem also lies in weak real economies that are far too close to their stall speed. The International Monetary Fund recently lowered its estimate for world GDP growth in 2019 to 3% —midway between the 40-year trend of 3.5% and the 2.5% threshold commonly associated with global recessions.

As the year comes to a close, real GDP growth in the US is tracking below 2%, and the 2020 growth forecasts for the eurozone and Japan are less than 1%. In other words, the major developed economies are not only flirting with overvalued financial markets DJIA, +9.36% and still relying on a failed monetary-policy strategy, but they are also lacking a growth cushion just when they may need it most. In such a vulnerable world, it would not take much to spark the crisis of 2020.” (Marketwatch)

Since the recession ended in March 2009, the US economy has experienced the weakest recovery in the post-World War II era. Now the American people will be facing an extended period of economic contraction in which deflationary pressures lead to a sharp rise in unemployment, homelessness, and financial insecurity.

5– Gold took a beating in last week’s selloff

Typically, gold is a “flight to safety” asset that does well when markets are crashing, but that rule did not apply last week. According to the Wall Street Journal: “Gold…suffered its worst week since 2011, dropping 9.3% and wiping out all its 2020 gains. Silver, a more volatile precious metal, tumbled 16% and is down 19% for the year.” (WSJ)

At the same time, ultra-safe municipal bonds and risk-free US Treasuries sold off hard. The reason safe haven assets sell during periods of stress is because of margin calls, that is, when a broker demands additional capital from an investor to maintain his current position in the stocks he bought with borrowed money. When stock prices fall sharply, many investors have to sell their good stocks (gold, US Treasuries) to support the bad. That is why gold got hammered last week. It is an sign that many investors are severely over-stretched and nearing the end of their resources. Many high-stakes speculators are now in big trouble.

6—Stock buybacks have plunged

Stock buybacks have been the jet-fuel that has kept the equities markets soaring to record highs before the latest virus-driven downturn. Even before the latest ructions, buybacks had significantly slowed to 2013 levels wracking up just $14 billion in January, a 30% decline from a year before. And while there are no estimations of buyback activity during the last few weeks of March, it is impossible to imagine that cash-strapped CEOs would even dream of pumping more money into shares that are falling faster than anytime since 2008. And while there is a remote possibility that the US economy will avoid recession, there’s only the slimmest chance that revenues, earnings or future expectations will give corporate bosses the wiggle-room they need to repurchase their own shares rather than stockpiling the cash they might need to maintain operations during some very tough times ahead.

Bottom line: It will be very hard for stocks to rebound in an environment in which buybacks have significantly declined or vanished altogether.

7– Stocks have already dropped sharply, but the credit crunch still lies ahead

A credit crunch refers to a decline in lending activity when funding suddenly becomes available. Currently, the markets for corporate debt have frozen due to investor skepticism that these same corporations will be able to repay the nearly $10 trillion of debt they wracked up during the “easy money” days of the last decade. Many of these corporations used the money they got from bond market to enrich themselves through executive compensation and share appreciation. In other words, CEOs sold bonds to credulous investors who thought they were buying the debt of responsible, well-managed companies when, in fact, 30% of corporate debt was deceptively used for buybacks, that is, it was used to line the pockets of executives and shareholders rather than boosting productivity, increasing worker training or R&D, or building new factories and equipment.

Corporations have been engaged in the same illicit scam mortgage lenders were involved in prior to the Crash of ’08, transferring trillions of dollars to wealthy executives via financial products that public really didn’t understand.

Many of these companies are presently unable to get the money they need to stay afloat because the market for corporate debt has shut down. This means, they will not be able to refinance their debts which will force them into bankruptcy triggering a cascade of defaults that will severely hurt their counterparties, their lenders and the broader economy. When credit becomes scarce, the economy contracts.

8– The IMF warned that the Fed’s easy money policies would lead to another crisis

This is an excerpt from Chapter 2 of the IMF’s Global Financial Stability Report:
Accommodative monetary policy supports the economy in the near term, but easy financial conditions encourage more financial risk-taking and may fuel a further buildup of vulnerabilities in some sectors and countries. …In a material economic slowdown scenario, half as severe as the global financial crisis, corporate debt-at-risk (debt owed by firms that cannot cover their interest expenses with their earnings) could rise to $19 trillion—or nearly 40 percent of total corporate debt in major economies, and above postcrisis levels.”

The Fed’s monetary policies ignited a corporate borrowing binge that has put the country’s financial future at risk. The US is now facing a catastrophe that is entirely attributable to the “emergency rates” and the relentless meddling of the Central Bank.

9– The American people are not ready for another recession

According to Zero Hedge: “Almost 60 percent of Americans have less than $1000 in savings for a rainy day fund or an immediate emergency….”

“Four in ten Americans can’t cover an unexpected $400 expense according to a report from the Federal Reserve Board.” (CNN)

“78% Of Workers Live Paycheck To Paycheck,” says Forbes

“58 percent of Americans had less than $1,000 saved,” says Yahoo Finance

“Only 37% of Americans believe today’s children will grow up to be better off than they were,” says Marketwatch

According to Pew Research, “Majorities predict that the economy will be weaker, health care will be less affordable, the condition of the environment will be worse and older Americans will have a harder time making ends meet in the future than they do now.”

Finally, according to a MassMutual US survey, “54% of respondents think the American Dream (defined as financial security for themselves and their family) is no longer attainable.”

The majority of Americans never reaped the benefits of the economic recovery and they’re certainly not ready for another debilitating slump. As the data show, most people are living on the edge already and barely hanging on by the skin of their teeth. Another downturn will put them into freefall which will dramatically increase homelessness, food insecurity and destitution. The federal government should be looking for ways to soften the blow now instead of waiting for the markets to crash and the economy to shrivel. Forward-thinking leaders should be able to see the handwriting on the wall and realize that we are fast approaching zero hour, a crisis the likes of which we haven’t seen since the 1930s.

 
• Category: Economics • Tags: Coronavirus, Federal Reserve, Wall Street 
Hide 129 CommentsLeave a Comment
Commenters to Ignore...to FollowEndorsed Only
Trim Comments?
    []
  1. My family never invests in anything but the local Credit Union’s “investment offerings”.

    Also, we have substantial savings as a result of paying off everything, home, autos, student debts for the children, etc., etc., etc.

    The very first investment advice I received was from my aged Grandfather. He said, save half of what you earn no matter what. Having followed that sage advice, we’ll be fine.

    But I pity those who’ve not used such discipline.

  2. What I find odd is the basic 30-year mortgage rate had fallen to 3.60% on Feb 14th. Then two big rate cuts down to 0% for the banks to borrow from the Fed, yet 30-year rate soared to 4.12%!

    https://www.bankrate.com/

    Something from my blog:

    Mar 16, 2020 – Is the Coronavirus a Distraction?

    I’m thinking that the Coronavirus scare is a distraction from the $3 trillion the Fed just created to save the banks after huge losses in their derivatives casinos. Sanity from another blog:

    The Coronavirus Conundrum as interpreted by Average Joe.

    [MORE]

    Reporter: “Excuse me sir, have you been tested for coronavirus yet?”
    Average Joe: “No, I haven’t.”
    Reporter: “Aren’t you worried?”
    Average Joe: “No.”
    Reporter: “Why not?”
    Average Joe: “I don’t have any symptoms.”
    Reporter: “But you could be a carrier and not know it.”
    Average Joe: “Uh huh. Say, can I ask you a question?”
    Reporter: “Sure, go ahead.”
    Average Joe: “What are the symptoms of coronavirus?”
    Reporter: “Well, that would be coughing, sneezing, chills, intestinal disorder and fever.”
    Average Joe: “And what are the symptoms of influenza?”
    Reporter: ” I think they are the same.”
    Average Joe: “Aren’t there millions of cases of influenza compared to coronavirus?”
    Reporter: “Well yes, that’s true.”
    Average Joe: “And people could have influenza and not know it and spread it, too?”
    Reporter: “Yes, I guess so.”
    Average Joe: “So why aren’t you asking me if I should be tested for influenza, instead?”
    Reporter: “Because coronavirus has killed about 50 people in the U.S. so far”
    Average Joe: “Influenza has killed over 4,500 Americans so far.”

    Here we witness Average Joe thinks logically. Since there are more people infected with influenza than coronavirus and the symptoms are the same and more people have died, he should be tested for influenza before coronavirus. But the media isn’t focused on influenza, they want people to be afraid of coronavirus because of the huge amount of attention it is getting in the press around the world. And that’s the truth.

    • Agree: bluedog
    • Replies: @The Alarmist
    , @Alfred
  3. anon[344] • Disclaimer says:

    Dow reached 21 ,000 .Fed pumped liquidity . Dow soared .But Dow dived again. What happened to those money pumped to the system?

    • Replies: @Redneck farmer
    , @Anon
  4. slorter says:
    @Longfisher

    Yes but some people still have discipline and still fall by the wayside I always remember the linesman in Portland Oregon who was ready to retire and live of his hard earned gains in a small superannuation policy ! Unfortunately for him ENRON took over the company he worked for just before he retired he lost everything!

    • Replies: @Thomasina
  5. And more fun from Marketwatch tonight:

    Stock-index futures opened sharply lower Sunday night, quickly extending losses to fall the daily 5% limit. Futures on the Dow Jones Industrial Average US:YM00 were 1,042 points lower at 21,798, while S&P 500 futures US:ES00 dropped 128.40 points to 2,555.50.

    Now go here: https://www.marketwatch.com/

    And click the futures link. You’ll see they’ve frozen futures at 1042 points lower soon after opening for several hours now.

    • Replies: @danand
  6. Anonymous[264] • Disclaimer says:

    Would it make sense to sell some stock now and perhaps buy again at a lower price, with the assumption the market will eventually recover? I’m generally a buy and hold person and in the past have always waited things out during market declines.

  7. I agree with the observations here for the most part but it is important to establish a frame of reference. The global economy is in a deliberately induced constant state of collapse due to the approximate USD-equivalent $1 trillion ($1,000,000,000,000) rake-off by credit/charge-card issuers worldwide, roughly every 18 months. The direct rake-off is about $2 billion per day, plus another $1 billion per day is added to aggregate outstanding balances as interest-called-interest at the normally outrageous rates in the 15% to 20% range.

    These concealed-credit-charges, which the banks euphemistically refer to as Merchant Fees, but are legally required to (and do in fact) recognize and record internally as interest-charges received from the card-user and not the merchant are targeted and adjusted to consume up to 50% of a small-business’ gross revenue and therefore working capital.

    And in 1980 in Canada and the U.K. as the nominal “prime” rate approached its 22.75% peak, the entrenched-money-power in Canada pressured the government to repeal the Small Loans Act so that interest rates on credit card accounts could be increased from a maximum of 6% to a nominal 24% or real 26.8%. Virtually every department store across Canada jacked-up their interest rates to a suspiciously consistent “nominal” 28.8%, meaning a real 32.9%. The official story given to the public was that market forces demanded it.

    Then for the next forty years interest rates and the so-called prime rate have been up and down and all over the place but have generally gone down down down so as to be currently approaching zero. Yet in the same 40 years the department store rates in both Canada and the UK have stayed at precisely the same 28.8% nominal and 32.9% real. They have not budged one iota in 40 years.

    So what happened to the market forces? Answer: There are no market forces. It is all a 100% fixed-game designed to harvest the wealth and production of the masses. It is not even about greed – it is about making certain that the working poor stay that way – forever.

    Now the $137 billion that the author refers to in the article is certainly important but it pales in comparison to the amount of naked fraud being committed systematically and on a daily / ongoing basis.

    • Thanks: Nonny Mouse
  8. Thomasina says:
    @slorter

    It is good to have discipline, but you must also control your own money. Allowing pensions to get a hold of peoples’ money was a mistake. Control your OWN money and put it somewhere safe and secure, especially retirement money. Slow and steady still does win the race.

    • Agree: Alfred
    • Replies: @anonymous
  9. Franz says:

    The majority of Americans never reaped the benefits of the economic recovery and they’re certainly not ready for another debilitating slump.

    Honestly, the majority never reaped anything after the Carter-Reagan deindustrial era.

    Phony recoveries, one after the other, have whitewashed the fact that the country died when Nixon ended Bretton Woods. Or as Kevin Phillips put it, the US economy died in the rice paddies of Vietnam and never bounced hack.

    • Agree: Old and Grumpy
    • Replies: @Wally
  10. Tom says:

    The whole bloody coronavirus thing is likely a shell game to throw the baby out with the bathwater. A bring-it-all-down-man scenario that any self-respecting socialist/Marxist/One-Worlder would drool over. They’ve been gearing to tabula-Raza Western Civ for over half a century and now they have their perfect crises, whether they created it themselves or not. The economic ripple from this “pandemic” will be like the Duracell Bunny. It’ll keep on ticking. And ticking. And ticking.

  11. 10. If you didn’t see this coming a month or two ago, all you had to do is read the more perceptive commenters on UNZ.COM and you’d have been well out of the market long before now. And you’d have been reasonably prepared with provisions, and ‘other things’ too. Without having to face the dangerous crowds in the past few days.

    If you follow and trust the MSM, woe is you.

    • Agree: Realist
  12. DaveE says:

    As of 3 am Monday the Internet Dow (futures) has been shut down all night after dropping 1000+ point in the first ten minutes. See comment #5 for link, thanks.

    I got out of the speculation (w money) game a long time ago, but if I were a betting man, I’d say the Chinese just pulled the plug on their assets in the US.

    A virus that may not even exist was just used to start WWIII. Just like (((they))) used a non-existent ideology of “radical Islam” to start a never ending “war on terror” against anyone who defies the zionists.

    Radical Judaism (redundant) strikes again. Be careful, Goyim.

  13. gotmituns says:

    the only thing anyone has to know is the jews are up to no good again.

    • Agree: druid55
    • Replies: @sally
  14. Alfred says:

    Australia’s important tourism industry has collapsed. This virus has taken off in Malaysia – a tropical country. Unlike Singapore, it will not be put back in the box. No way!
    Malaysia reports 190 new coronavirus cases, most linked to mosque event
    This suggests that it will not go away this summer in Europe. We will have to adapt to the virus. Especially if there are going to be a series of them coming out of laboratories.

    I think that enterprising airlines should get together with hotels to quarantine prospective passengers for 2 weeks before they fly. They could probably get some governments to agree – provided the whole thing is done professionally.

    Self-quarantining does not work. They have found that out in New South Wales.

    NSW Premier Gladys Berejiklian said there has been at least one case of a person not complying with self-isolation rules

  15. Greg Bacon says: • Website

    On Thursday, the Fed announced that it would provide more than $1.5 trillion in short-term loans to repo market traders.

    Mikey, you left out a couple of trillion.
    Back in December, the FED increased the overnight funds available to gangster banks from 100 billion to 150 billion.

    https://www.nasdaq.com/articles/fed-to-inject-up-to-%24150-bln-in-repo-for-critical-year-end-2019-12-31

    So, not even adding in the 100 billion per day looting of the American till before then, it appears that over 9 TRILLION was given to those TBTF Wall Street casinos to cover their busted bets, and even that isn’t enough.

    Their gambling bets in derivatives is over 600 TRILLION, which is impossible to float enough Fed notes to cover their toxic debts.

    https://www.bis.org/publ/otc_hy1911.htm

    But people aren’t talking about this ransacking of the USA, they’re too busy being scared to death of Corona.

    So what’s next for beleaguered Americans? NEGATIVE interest rates for those who don’t trust the rigged DOW and keep their USD in a savings account.

    The only good thing about getting beaten senseless is when it stops.

    • Replies: @Showmethereal
  16. @anon

    It “disappeared”. You take the money and buy a block of stock at $50 a share. The price peaks at $52 a share. It later falls to $48 a share. If you sell now, you’ll lose $2 a share. Now you have a decision to make. If you think stocks will continue to fall, do you sell now and reduce future losses? Or do you think stocks will recover in a few months, and you can turn a profit? That’s one big problem for accountants determining value; what is the value of a company’s stock? Is it what it’s selling for now; is it more; or is it less? The company has the same assets and debts, but the stock price can be wildly different.

  17. danand says:
    @Carlton Meyer

    “And click the futures link. You’ll see they’ve frozen futures at 1042 points lower soon after opening for several hours now.”

    Mr. Meter, you ain’t kidding, looking like the VIX (volatility index) might breach its all time worst, set in the ‘08 crisis. Wouldn’t be too surprised to see it spike 100; all out – hopefully momentary, Armageddon.

    Beginning to think the SPX will test its ‘16 lows within a month.

  18. danand says:

    You can bet Trump’s personal fortune is not financially hedged. Hopefully he’s not too leveraged up. As he is the “leader of the free world”, he’s among the last I would want to see go totally insolvent. Damn that SARS-Cov-2 😷.

    • Replies: @in the middle
  19. And will ultimately result in even more violence than already exists. Will it lead to revolution, civil war and change Americas economic and political system ? A pipe dream? I don’t know but I hope.

  20. Alfred says:
    @Longfisher

    My family never invests in anything but the local Credit Union’s “investment offerings”

    If you had invested in US equities over the past 30 years, your savings would be a multiple of what they are got.

    30 years ago the S&P 500 Index was 341 and it is now at 2,711 – an annual increase of 7.1%. I doubt very much if your “investment offerings” returned 5% over this period.

    S&P 500 Chart

    • Replies: @Greg Bacon
    , @Greg S.
  21. 22pp22 says:
    @Longfisher

    I now own nine house and apartments outright and owe NZD100k to the bank. I lost my job as a university teacher as a result of an earthquake that wrecked our city. One of my tenants burned down one of my houses (an engineering student), an alcoholic died in another (after dropping a cigarette on a pile of magazines). Then my own house was damaged in a flash flood and my property in Australia was hit by a typhoon. I am ensured, but I have still had to come up with a lot of money myself. It has knocked me for six financially. I was equipped to handle one or two blows, but this is hard.

    After the house where the alcoholic died was renovated, we arranged for the local vicar to conduct a blessing. A pipe burst on the roof the night before the ceremony and the place had to be renovated again.

    Flood, fire, earthquake and now pestilence. I am waiting for the river to turn to blood and a cloud of locusts to come over the hill.

    I would love to save half my income.

    It’s just not an option.

    You probably think I am making this up. Unfortunately, I am not. I used to be lucky in life an now this.

    • Replies: @Alfred
  22. Svevlad says:

    Stock buybacks are the funniest shit ever. Legal stealing!

    “hehehehe… Ey look, I’ll sell a bit of my company stocks… To the company. So the funny green line go up and i sell more of my company stocks to the company for more money! Genius!”

    If everyone does that, then at aome point the company owns itself, and then a terrible crash happens when they figure out the company no longer has any money because it bought itself. Bruh moment par exellance

    • Replies: @Arnieus
  23. A trillion here, a trillion there…can you imagine if this money was real?

  24. The globalists are deliberately killing small businesses with their engineered,fake pandemic . When this is over mega corporations will dominate business and have more monopoly power and working people will be more dependent on the authoritarian state . One world government is becoming more of a reality.

    • Replies: @The Wild Geese Howard
  25. Realist says:
    @Anonymous

    Would it make sense to sell some stock now and perhaps buy again at a lower price, with the assumption the market will eventually recover?

    Kind of late now The market has been overpriced for years (using borrowed money to buy back shares)…you should have sold months ago. I think your only option is to hold on and hope for a quick recovery…not too likely.

  26. @Longfisher

    Once, a Jew gave me an advice, “if you don’t owe any money, you won’t go broke” … now, ain’t that the truth!

    • Replies: @Just Passing Through
  27. Anonymous[250] • Disclaimer says:

    The market hysteria is similar to early 2009, when people out and about began noticing that parking at restaurants, Home Depot, etc was normal, suggesting there is a real economy that doesn’t die over “margin calls” and other excuses for taking the markets down. So now a semi-pandemic emptying parking lots and businesses was called for. When the markets are topped out, as we like to say, dump it and buy it back from the chumps—on margin when you’ve been tipped off when and where’s it’s going. I also recall back then that the libertarian market newsletter hucksters were claiming a final market crash was guaranteed in months, so sell, sell, sell, and in so doing they did incredible damage to individual small investors.

    Based on an accurate rate of inflation and GDP deflator recalculated by shadowstats, the markets are overheated and this could be “it,” but the suspiciously parallel market/pandemic hysteria whipped up by the media is where the real fevers are running lethally high. A few days ago Fox News business channel’s talking head was thanking Dr Fauci for preventing the panic and hysteria he and other apparatchiks were responsible for creating, so people are conditioned by this sort of cognitive dissonance overriding reason to accept further lies as they unfold.

    The same talking heads like Maria Bartoromo, who makes tens of millions and it sure isn’t working for her audience, were just yesterday blowing smoke in our faces with stories explaining this or that market move, as if investors out there are collectively sitting by their screens and reacting to some news when, in fact, insiders are front-running stories such that even a fly weight like Jim Cramer was exposed in a book, Trading With The Enemy, to be getting calls from CNBC tipping him to scripted market-moving stories being passed off as “news.” Just now Ms Bartiromo read a scripted scenario for her politician guest to agree with, and people believe this stuff.

    Anyway, propaganda is powerful, as impressionable chicken little mayors are outdoing one another as police state minions, all for putting some serious pain on citizens who don’t cringe when they’re out and about or shelter in place and hunker down while our benevolent leaders are putting boots on the ground in harm’s way, etc. CNN and MSNBC must be worth a look for outright parody of mass hysteria, maybe later. And no doctors in front of the cameras without white lab coats from now on, because this is so serious that psychological manipulation is called for. The media drumbeat is, Don’t panic even though all the smart people are.

  28. Greg Bacon says: • Website
    @Alfred

    When the ‘Coalition of the Killing” illegally invaded Iraq in 2003, what money I had in the market was taken out, and either put into savings accounts or a mutual fund.

    Yes, I’ve taken a helluva hit to my potential earned income, but I had NO desire to keep my money in the market, since to me, that money earned was covered in the blood of now several million innocents.

    If that what it takes to keep the DOW humming, always invading nations and busting them up, killing tens or hundreds of thousands in the process, I’ll pass.

    • Replies: @bomag
  29. Great to read something besides the “fear porn” and “who done it” on the “phony cornie” that is damn near every article at UR.

  30. Alfred says:
    @22pp22

    You probably think I am making this up. Unfortunately, I am not. I used to be lucky in life an now this.

    I believe you. I have seen a bridge in New Zealand South Island that is a mile long with only a trickle of water under it. As civil engineering students in London’s Imperial College our wise professor warned us what the climate could be like “down under”

    Ever since it opened on 25 March 1939, the Rakaia River Bridge (State Highway 1) has retained its title as New Zealand’s longest bridge

    However, if you owe so little to the banks, you must have made out like a bandit from the inflation in urban land values. My sympathy is somewhat tempered. 🙂

  31. antibeast says:

    March 16, 2020: DJIA down 9.71% while S&P500 down 8.14% at market open, Fed rate at ZERO interest.

    This looks like the Wall Street Crash of 2020 will beat the Wall Street Crashes of 2008, 1997 and 1929.

    • Replies: @9/11 Inside job
    , @Alfred
  32. Can we agree about one thing?
    Can we agree that the current market crash was brought on by the Fed, and that, without the Fed’s chronic bubblemaking policies we wouldn’t be in the mess we are today?

    Everyone in America is going to feel the affects of this massive crash, but no one is pointing at the people that are responsible.
    The Fed is responsible. Totally responsible.

    It was a terrible mistake to put the nation’s financial future in the hands of private bankers who can’t see beyond their own bottom line.

    Does everyone see that now?
    It’s no laughing matter, this evil cartel has put us all at risk.

    The country is in grave danger because the Fed has put us all in grave danger.
    It’s that simple.

  33. Agent76 says:

    Feb 12, 2020 Financial Expert: The End Game Is Unfolding Before Our Eyes

    A financial expert has come forward to provide his current State of the Union summary and it is quite different that what we witnessed on Capitol Hill.

    The Creature From Jekyll Island (by G. Edward Griffin)

    A Second Look at the Federal Reserve

  34. @Really No Shit

    Corneliu Codreanu once wrote A country has the Jews it deserves. Just as mosquitoes can thrive and settle only in swamps, likewise the former can only thrive in the swamps of our sins.

    Would these sorts of things be as bad as they are, if Americans lived within their means and didn’t blow their paycheck on the weekend after payday? From my personal experience in the UK, many British are also like this, they work in low-skill jobs like bartender or waitress, and they spend their money on clubbing and holidays, as well as payments for the car, TV and Iphone which they have bought on hire purchase, thus making them victims of usury.

    I have often wondered by Jewish loan sharks like Wonga and QuickQuid existed in the UK, it seems the mentality of the Brit and American creates a perfect breeding ground for such immoral financial practices. After all, it is not their fault that there is a large supply of suckers lining up to make use of their service

    • Replies: @Really No Shit
    , @Malla
  35. nsa says:

    Yesterday’s resistance is today’s support. The 2007 Dow peak was 14,200. The 1999 Dow peak was 12,700. It may take a week, a month, a year, 5 years…….14,200 and maybe even 12,700 will be revisited. Expect the Federal Reserve to follow the Japanese model and buy equities directly with funny money. The Japanese central bank now owns half of all Japanese ETF shares. Money managers and investors have been conditioned to Buy and Hold and Buy the Dip, so they will ride the Slope of Hope all the way down and sell out near the exact bottom. It is nature’s way.

  36. Anonymous[353] • Disclaimer says:

    All calculations imply one is not dividing by zero.

    If so it is undefined by definition.

    Therefore everything before is oranges or a calculation, whether accurate or not and everything with this shock is apples largely undefined non calculation.

    Not worth current calculations of anything because current analysis is dividing by zero.

    Good evaluations can become meaningful when this is over.

  37. @Mike Whitney

    I totally agree and I would recommend that everyone read :”The Federal Reserve is PRIVATELY OWNED “facts-are-facts.com , it’s a short read , well-researched and although written in 1992 is very relevant to where we find ourselves today :
    “The same bankers who control the FED control the MEDIA [and are responsible for the fear porn behind the manufactured Coronavirus pandemic]and give huge political contributions{a/k/a bribes] to members of Congress .THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND WILL DEMAND CHANGE.”

  38. @antibeast

    Ben Bernanke is reported to have said that the crash of 1929 was engineered ,as are all other financial melt downs . Cui bono?

    • Replies: @antibeast
  39. Greg Bacon says: • Website
    @Mike Whitney

    The Fed is responsible. Totally responsible.

    Agreed, but they had accomplices. The SEC and FBI for looking the other way and not doing their job.

    And an endless collection of US presidents who either looked away, or were too damn stupid to understand that Americans have been getting looted, pillaged and plundered.

  40. antibeast says:
    @9/11 Inside job

    Ben Bernanke is reported to have said that the crash of 1929 was engineered, as are all other financial meltdowns.

    Not all. The Wall Street Crash of 1987 was caused by computer trading before the installation of circuit breakers. The Wall Street Crash of 2000-2001 was caused by the Dot-Com Bust. But the Wall Street Crashes of 1929 and 2008 have one thing in common with the Wall Street Crash of 2020: loose monetary policies of the Fed feeding excessive financial speculation by Wall Street.

    Cui bono?

    I don’t know. Maybe the people who owns the Fed?

    • Replies: @9/11 Inside job
  41. Arnieus says:
    @Svevlad

    Don’t forget that they had to borrow money to buy themselves.

    • Replies: @Svevlad
  42. anon[837] • Disclaimer says:

    Mankind is paying for our unwillingness to do anything about the filthy kikes for all this time. Enjoy economic colllapse and nuclear war stupid sheep.

  43. @Carlton Meyer

    What I find odd is the basic 30-year mortgage rate had fallen to 3.60% on Feb 14th. Then two big rate cuts down to 0% for the banks to borrow from the Fed, yet 30-year rate soared to 4.12%!

    What’s odd about that? Didn’t you know that “Women and children first” has been replaced by “Bankers and public servants first” ?

  44. @Redneck farmer

    If you sell now, you’ll lose $2 a share. Now you have a decision to make.

    Newsflash, Mate: You already have the loss.

  45. Alfred says:
    @antibeast

    Three years ago, Martin Armstrong wrote that his computer predicted a crash on 03/10/20. It is all on his website.

    Now, it is predicting that stock prices will drop more and then rise to new heights. The crash is not because of the coronavirus – that was merely the catalyst. It would have happened anyway – according to him.

    He writes that capital is scared in Europe and it will move to the USA – as it did prior to WW1 and WW2. However, people are losing confidence in all governments. This will lead to a crash in government bonds. Money will move into stocks. He calls it the end of the public wave and the beginning of the private wave.

    Europe Melting – Central Bank Chaos

    • Replies: @antibeast
  46. Alfred says:
    @Carlton Meyer

    yet 30-year rate soared to 4.12%!

    The official interest rate bears little relationship to the real lending rates. It is fictitious and manipulated. In reality, behind the curtain, real interest rates are shooting up. This process will go much further.

    How much is credit card interest rates? 17.3% for many lenders.

    Current Credit Card Interest Rates

    Interest rates may have dropped hugely in the past few years – but not on credit cards.

  47. @Longfisher

    just dont keep your savings in insolvent banks…they will either confiscate it or they will crash and you lose it all anyway
    but how to tell which bank is insolvent or not insolvent? I think they all are anyway, on their way as the market contracts
    does the government still pay 2-thirds of savings lost by failed banks?
    better than nothing I guess.
    dont boast about your savings yet: the savings must be available when you need the savings. there is no guarantee of that given the way they banks are run. they are prolly being looted as we speak!

  48. PeterMX says:

    Financial Advisor Peter Schiff agrees when you say “we are fast approaching zero hour, a crisis the likes of which we haven’t seen since the 1930s”. I believe former congressman Ron Paul, David Stoclman and Paul Craig Roberts feel similarly.

    But Peter Schiff does not believe the oft repeated claim that the US dollar is a safe haven. He says when Fed Chairman Bernanke began quantitative easing it was said to be a temporary measure until normal conditions returned and rates returned to a normal level but rates never returned to a normal level and Schiff says the fact that they’re at it again shows thet the measures taken back in 2008 did not fix the problem, only postponed it and now the debt and stock bubble is much bigger. The other countries won’t step in again because we now know QE didn’t work, the US debt is much bigger as oppoosed to going down and others won’t throw more money after bad money. The claim that a country with 24 trillion dollars debt is a safe haven will blow up and be exposed as being as stupid as it sounds and the dollar will take a huge fall against the other world’s currencies. I share that view.

  49. Anon[102] • Disclaimer says:
    @anon

    When the Fed pumps liquidity into the market, what it’s basically doing is making sure banks have enough cash. This enables people to withdraw cash without shutting down banks. It also makes sure there’s enough cash in the system that stock markets will continue trading.

    But the main run on dollars right now is coming from foreign investors. They’re grabbing every US dollar they can in the crisis because their own economies are crashing and they don’t trust their own currencies to hold their value.

    The US dollar is the world’s panic investment of choice. It used to be gold, but the US dollar replaced gold as the panic investment of choice decades ago.

    Right now a lot of US dollars are being suctioned up by rich Chinese who realize that their own country’s economy isn’t recovering anytime soon.

    • Replies: @Realist
    , @anon
  50. @9/11 Inside job

    One world government is becoming more of a reality.

    The test balloon already went up in Champaign, IL.

    The mayor granted herself the right to suspend alcohol and firearm sales within the city/town limits.

    • Replies: @Peter D. Bredon
    , @Polemos
  51. JUSA says:

    Wall Street was decoupled from main street the day DJIA went passed the 2007 high of $14k, so long ago I don’t remember when that was, 2013? We’ve had 11 years of non-stop QE since Sept. 2008. When the economy recovered in 2013-14, the Fed did not turn off the spigot and kept the interest rate low. Trump campaigned on the dishonesty of keeping interest rates low and promised to bring them back up, but as soon as he got elected, that all went out the window. Instead, for the past 3 years he’s been chastising Fed Chairman Jay Powell for not lowering the rates fast enough so he could brag about the stock market being at all time high. He has hitched his entire reelection fortune to the stock market and wanted to do whatever was necessary to keep the market overinflated, just like his ego.

    When the market was at an all time high in January at $29k, I knew it was time to sell/short. Now I’m calling the floor at $17k, but it might go down to $15k.

  52. @antibeast

    I respectfully disagree with respect to the crash of 1929 , there was definitely excessive speculation however :”How a group of international bankers engineered the 1929 crash [and the crash of 2020] and the Great Depression” from Gary Allen’s”None dare call it a conspiracy ” :
    “…the investing public , including most stock brokers and bankers , took a horrendous blow in the market but not the INSIDERS , they were either out of the market or sold short so that they made enormous profits as the Dow Jones plummeted. For those who knew the score , a comment by Paul Warburg had provided the warning to sell”21stcenturycicero.wordpress.com

    • Replies: @antibeast
  53. antibeast says:
    @Alfred

    Financial assets such as currencies, stocks, bonds, derivatives, etc. are created, traded and exchanged in financial markets which is in turn coupled to the real economy. If financial assets are inflated by Wall Street speculation and Corporate buybacks due to cheap money from the Fed, then financial markets become detached from the real economy.

    The global pandemic affects consumer demand while the Saudi-Russia price war affects oil supply. These twin shocks to the real economy get amplified in the financial markets according to the “Financial Accelerator” model of Macroeconomic Theory which predicts the initial shocks causing the downward spiral of asset values which slows down the real economy which further depresses asset values thereby creating a negative feedback loop. More money from the Fed won’t help either the slowing real economy or the deflating financial markets.

    This is the Wall Street Crash of 2020.

    • Replies: @Alfred
  54. anonymous[119] • Disclaimer says:
    @Thomasina

    Control your OWN money and put it somewhere safe and secure, especially retirement money.

    where would that be?
    Credit union?
    Mattress?

    • Replies: @Colin Wright
  55. Ko says:

    Cornoavirus is a smokescreen to hide the economic corruption and crash. It did not cause the inevitable crash.

    • Agree: Thomasina
  56. @Longfisher

    “They say it takes money to make money. But how do you get your first is the mystery to me.”

    Ray Charles

  57. Wally says:
    @Franz

    said:
    “Phony recoveries, one after the other, have whitewashed the fact that the country died when Nixon ended Bretton Woods. Or as Kevin Phillips put it, the US economy died in the rice paddies of Vietnam and never bounced hack.”

    Yep. That must be why we’ve had trillions of dollars of investments from foreign countries since then.

    I’ll take US investment opportunities over other countries any day. It’s not even close.

    Could it be that Franz prefers Bolshevik Bernie’s plans for us all?

    • Troll: bluedog
    • Replies: @Franz
  58. DaveE says:
    @Mike Whitney

    “The Fed is responsible. Totally responsible.”

    Yes, but the fact that the FED should have been shut down and its enablers shot by firing squad 50-100 years ago, yet wasn’t, is entirely OUR fault.

    • Agree: Realist, Thomasina
    • Replies: @Druid55
  59. Miro23 says:

    Can we agree about one thing?

    Can we agree that the current market crash was brought on by the Fed, and that, without the Fed’s chronic bubblemaking policies we wouldn’t be in the mess we are today?

    Being cynical about this, it looks like a scaled up Pump and Dump operation.

    Pump and dump” (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” (sell) their overvalued shares, the price falls and investors lose their money.
    Wikipedia.

    • Replies: @Anonymous
  60. S says:

    Since 1776 and 1789, a manufactured and broadly controlled (ie guided by human hands) Hegelian Dialectic has been at play between a revolutionary artificial hyper-individualist Capitalist thesis and a revolutionary artificial hyper-collectivist Communist anti-thesis.

    [MORE]


    Washington and London

    Historically, it has been the City of London and the associated British Empire which has acted as this dialectic’s financial and military arbiter (ie referee), a role augmented (if not subsumed to a large extent) the past century by Wall Street and the military might of the United States, all of which had long been pre-planned.

    As these two ultimately complimentary economic and ideological systems march in lock step towards their intended final convergance and synthesis in revolutionary global Multi-Culturalism and the establishment of a world state/empire (likely heralded by WWIII it would seem) to ‘clear the path’ we should expect to see a top down engineered ‘Fall of Capitalism’ to match the paralleling engineered top down ‘Fall of Communism’ of thirty years ago.

    In regards to the present US stock market situation are we now witnessing the ‘Fall of Capitalism’?

    Only time will tell.


    Capitalism and Communism on the March in 1945

  61. Shaman911 says:

    Money is never lost. It’s just transferred from one Jewish Criminal Banking Cartel to another. The Jews Always win. When you print every countries money supply on earth. You can’t lose.

  62. @The Wild Geese Howard

    Did anyone ask her how things worked out the last time they banned alcohol in Illinois? The lack of self-awareness (presented positively as “chuzpah”) makes me sure of her ethnic background without any further checking.

  63. Realist says:

    Boy wouldn’t it be great to have that trillion dollars a year, wasted on the War Department..for the last ten years. This economic disaster has been in the making for decades. Covid-19 was just the pin that pricked the bubble. A black swan with…a cough.

  64. Realist says:
    @Anon

    The US dollar is the world’s panic investment of choice. It used to be gold, but the US dollar replaced gold as the panic investment of choice decades ago.

    Yes, no accounting for stupidity.

    Right now a lot of US dollars are being suctioned up by rich Chinese who realize that their own country’s economy isn’t recovering anytime soon.

    Citation!

  65. Realist says:
    @PeterMX

    But Peter Schiff does not believe the oft repeated claim that the US dollar is a safe haven.

    Peter Schiff is correct.

  66. Anonymous[250] • Disclaimer says:
    @Miro23

    The immediate situation is more the reverse, like “dump and pump,” once enough chumps have been stopped out for insiders to cash in on the rebound. Did I hear $1.5 trillion of liquidity has been counterfeited and the justification for selling a counterplay like gold is supposed to be a rush to safety in cash? It used to be said that, over the long term, the greatest economic fallacy of all time was regarding cash or government bonds as a store of wealth. And incidentally, if this version of the pandemic doesn’t cover the market take down and who knows what else, we might hear on the news that the virus has mysteriously mutated into a worse form and all bets are off.

  67. sally says:
    @gotmituns

    Please recall that the colonist who defeated the British bankers and their British corporations (X indies companies) understood the problem, in the problem was the British Bankers and their British Corporations.
    Unfortunately the colonist who defeated the British were outgunned by those who were the British Bankers and their British Corporations, and the British Aristocrats who were the beneficial owners of the Land Grants made to the British Aristocrats by the British Kings and Questions.

    It to them British bankers, et al. only 12 years (1788-1776) to destroy the freedom and democracy; they instituted the Constitution, replaced the thriving democracy with a republic? The republic displaced all but a few from the affairs of the nation.

    Maybe the time has come for the people to write up a new constitution, one that leaves out the British, and circulate it for ratification by the people? Maybe the people don’t need a formal government, or a national government or a state government, or any government or any other device or scheme that divides the people into politically opposed, humanity polarized groups? Maybe mankind is better off without a formal centralized federal government?

    I believe the problem this time, is the nation state system because it centrality depends on a common currency between the nations. Currency that is that imposes debts upon those who the governments that borrow govern.

    The nation state system divides 8 billion people into 206 crucibles (called nation states) and it allows its dividers to appoint puppets to run each of the 206 central governments, called nations. The puppets did a good job in each nation state, they polarized the people by using the propaganda of hate and fear, so that the people in each of the other 205 nations, were easily forced to wage war on the people in the other nation states, but for what.. . https://www.rt.com/business/482917-will-trump-bail-us-shale/

    1935 speech by a Marine General Smedley titled ‘War is a Racket.’

    “I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914.

    • Agree: bluedog
    • Replies: @Polemos
  68. Alfred says:
    @antibeast

    This is the Wall Street Crash of 2020

    You are entitled to your own opinion. In fact, your opinion is shared by a great many people.

    However, it is a truism that those who make money on markets are those who go against the tide. Martin Armstrong’s model has gone against the tide many times in the past and has proven repeatedly to be correct. The fact that the media in the USA totally ignores him is the ultimate proof that they are scared of him. 🙂

    They threw him in prison for 7 years for “contempt of court”. They claimed that he had stolen billions of dollars and he “refused” to tell them where he “hid” it. The only problem was that no one had reported that this money had been stolen or that it had disappeared.

    Have you ever heard of anything more ridiculous than this American “justice”?

    Goldman Sachs vs Armstrong (Armstrong Economics)

    He was predicting a win by Trump when everyone else was for Hillary Clinton. He has been advising heads of state and central banks in trouble for 40 years.

  69. Svevlad says:
    @Arnieus

    Ooh yeah forgot about that.

    Imagine that, what a 6 gorillion IQ move. Go into ludicrous debt… To buy yourself… So funny green line go up… So you can sell yourself to idiots to push the green line even more up, then repeat for even more funny green line going up, and twice as much bankruptcy!

  70. Greg Bacon says: • Website

    Wonder how many of those TBTF banks that Trump pardoned from all their frauds and thefts back in 2018 are now part of this mega-crash?

    As No One Watched, Trump Pardoned 5 Megabanks For Corruption Charges

    While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.

    https://www.zerohedge.com/news/2018-01-15/no-one-watched-trump-pardoned-5-megabanks-corruption-charges

    Here’s the lesson kids, if you want to go into crime, think BIG. Forget robbing liquor stores, instead rob nations. It’s much safer and you never have to do time when caught.

  71. It’s wonderful that our entire system is dedicated to increasing the wealth of a tiny fraction of the population who sell us out at the first sign of trouble to secure their ill gotten gains for themselves.

  72. Thomasina says:
    @PeterMX

    The U.S. dollar will be the last to fall. China is in a world of trouble too. Everybody is, except for maybe Russia. All of the world’s central banks have printed: China, Switzerland, U.K., U.S., Australia, Canada, E.U.

    Every single central bank member and the politicians who were either blackmailed or bribed to go along with the central bankers should be imprisoned for the rest of their lives.

    Then the people who are really in control, the people directing the central bankers and politicians, should be hunted down and face the same fate.

    • Replies: @PeterMX
    , @Daniel H
  73. Greg S. says:
    @Alfred

    Figures like this 7.1% always get trotted out, but it makes a fundamentally false assumption: that one bought at the bottom and sold at the top. Few are this good / lucky. Say you are the sucker who bought in 1929 – you had to wait until the 1950s to break even (odds are you were dead by then – and died broke). If you bought in 2000, you didn’t break even until 2008, and then you lost it all again and didn’t make it back until 2014. Yes these are worst case scenarios, but they compete with your best case. Most people are somewhere in the middle.

    I am starting to think that the slow and steady approach really is the way. Live frugally, keep your money safe, you will have a long and stress free life.

    • Agree: Showmethereal
    • Replies: @Alfred
  74. Greg S. says:
    @Mike Whitney

    Agreed, the people peddling the cure are in fact the ones causing the disease in the first place. The Fed is like a quack doctor, injecting us with strange things to “heal” us, and when we go back complaining of terrible side effects, they offer us a new injection that will fix that.

    The real question is what can we do? From where I sit, we the people are completely at the behest of these people. They own our governments and politicians, every single one of them. Only Donald Trump was mildly critical of the Fed, and we all know how that is working out (for example, in 2016 he released this tweet: “It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.”).

  75. @danand

    “leader of the free world”,
    I wonder who in hell came up with that phrase. Dumb indeed. there is not such thing a a ‘free’ world. The so called free world is what is called the ‘Matrix’. The rest is just propaganda, and the simple believe it yet. I realized that religions, were created to control the masses, with rules, and fear. Governments are simply tools to use those religions of happy, happy. joy, joy, and other stuff, like sports, etc. I dropped, religion, sports, and don’t believe a thing the government says. Live a simple life, buy what you need, NOT what you want, and use your funds wisely. Enjoy every minute of life, since you don’t know what comes next, and “don’t worry, be happy”.

  76. All is well, here south of the border! No worries about toilet paper, not hysterical people in big stores, some people even don’t know anything about the virus, scaring the whole world. the ones who heard about it even have remedies already, hahahaha, like take hot drinks, i.e. tea, cinnamon hot tea, eat natural food if you can, chicken soup, hot of course, etc. Walking through the streets, people go on normally, chatting, laughing, enjoying life! Fresh vegetables, and fruits, street vendors, police passes by smiling, just a wonderful small town atmosphere. While my brothers and sisters in CA and AZ cant find toilet paper, and other things, fights in COSTCO, etc. what a life.

  77. USA Number One!

    We’ve topped it — or bottomed it.

    ‘Jan 30, 2020 – Black Thursday is the name given to Thursday, October 24, 1929, when panicked investors sent the Dow Jones Industrial Average plunging 11 percent at the open in very heavy volume. Black Thursday began the Wall Street crash of 1929, which lasted until October 29, 1929.’

    Today the DJIA fell 12.9%. It’s ominous that no one else seems to be quite pointing out that this beats the old standard. Sort of like hitting more than Roger Maris’ sixty one home runs in a single season — in a way.

  78. @anonymous

    ‘where would that be?
    Credit union?
    Mattress?’

    Land, slaves, and loyal troops.

    …also, a widespread belief that you have been anointed by God.

  79. Polemos says:
    @Timothy Madden

    How can one read up on this to understand it as you have?

    • Replies: @Timothy Madden
  80. Polemos says:
    @The Wild Geese Howard

    Maybe a mayor somewhere else could seize the right to sell weed and hookers, or another the right to sell honeybees and safe, potable water?

    Free honeybees ought to be part of the solution, though.

  81. antibeast says:
    @9/11 Inside job

    Easy money to buy stocks on margin in the 1920s led to financial speculation which inflated stocks followed by short selling during the crash which contributed to the Wall Street Crash in 1929.

    In the 2000s, easy money to buy houses with sub-prime mortgages led to real-estate speculation which inflated the financial assets called MBS (Mortgage-backed Securities) sold to banks and financial firms who then had to foreclose on the properties of borrowers defaulting on their housing mortgages. One bank — Lehman Brothers — collapsed thus triggering the GFC (Global Financial Crisis) in 2008.

    This time the easy money of the Fed has led to financial speculation by Wall Street and stock buybacks by Corporations which had inflated stocks to a ten year bull run since 2010, interrupted only by a brief correction in 2018 after the Fed increased interest rates and started the QT program in 2017. If Trump had not pressured the Fed to lower interest rates in 2019, the bull run would have stopped right there and then instead of continuing its hyperbolic ascent that year. As it were, US stock markets continued reaching new highs even as it became clear that the Coronavirus pandemic would affect the global economy in early 2020.

    Then there is the oil supply shock triggered by the Saudi-Russia price war which affects the economic viability of the heavily-indebted US Shale Oil industry. As Arab Oil is priced in USD, the Saudis can sell their oil at $10 and still make a profit. Trump would have no choice but to bail out the US Shale Oil industry if oil price does not recover to over $50 per barrel which is their breakeven point. That puts the USA and Russia on a collision course with Saudi Arabia.

    We are living in interesting times, aren’t we?

  82. Polemos says:
    @sally

    Are you also posting as onebornfree?

  83. PeterMX says:
    @Thomasina

    We’ll see. Switzerland is one of the few hard currencies left and no other major country has the debt the US has – states, US gov’t, student loans, tens of millions of people now rent since losing their homes in 2008 – 12, everything the US does is based on debt and it relies on others to buy its treasury bonds and bills. It’s time to pay the piper. China has gone from being one of the poorest countries in the world to the world’s most powerful economy according to some and we’ll be there soon according to others. The US has gone from being the most powerful economy in the world to a country of Walmart shoppers, all in debt, that buy other countries products.

    I think we might see the trend by the end of 2020.

    • Replies: @Alfred
  84. Ryna says:

    Hi there,

    Financial markets bubbles and crashes are CREATED by the bankers.

    The ”coravirus” is an engineered crisis created to slow down the economy.

    This will give bankers more time to re-engineer the USD (and a new world currency). using China’s currency and IMF (the Euro and Latin America).

    These are not conspiracy theories, as the [email protected]###!! of the deep state media say. That’s REALITY.

  85. Gold and silver mining stocks did great today march 16.

  86. @JUSA

    When the market was at an all time high in January at $29k, I knew it was time to sell/short. Now I’m calling the floor at $17k, but it might go down to $15k.

    There will be plenty of put buying opportunities over the next 2 to 3 months, especially around earnings.

    If the situation is not improving by mid/late summer, we’ve got much bigger problems than equity prices.

  87. Uncle Sam says:

    Don’t pay any attention to the stock market. It has next to nothing to do with the performance of the economy. It is a giant red herring that the corporate media uses to hypnotize the American people. It is nothing more than a giant gambling casino.

    If the gambling houses in Las Vegas or Atlantic City went bellyup, does anyone seriously believe that there would a serious economic crisis?

    The Great Depression was caused by a severe contraction of the money supply. One third of the money was removed from circulation between 1929 and 1933. The stock market crashed in 1987 and there was no depression.

    • Replies: @Yahya K.
  88. Tina says:

    America gave all the power to US-NATO “elites” and the deep-state, following the 911-Anthrax GLADIO Ops

    October 2001
    THE THIRD FORCE OF WORLD WAR III

    {excerpts, emphasis added}

    Author: Viktor Minin
    [from WPS Monitoring Agency, http://www.wps.ru/e_index.html%5D

    [MORE]

    THE AMERICANS DON’T REALIZE IT YET, BUT CHINA HAS WRITTEN ITS OWN SCRIPT FOR SQUEEZING THE UNITED STATES OFF THE WORLD STAGE. CHINA SUPPORTS ACTIONS OF THE WEST AIMED AT MUTUALLY ASSURED DESTRUCTION OF RUSSIA AND THE MUSLIM WORLD. THE WEST, RUSSIA, ISRAEL, AND THE MUSLIM WORLD MUST WORK TOGETHER.

    THE WESTERN SCRIPT

    Using techniques of manipulating public opinion, the West is trying to establish the illusion of a global forces with the fascist- like ideology of Wahhabi fundamentalism. As far as the West is concerned, Wahhabi and Islam are the same thing. It is because of this that the essential terrorism of Wahhabi ideas is being formulated so simply for public consumption: all Muslims are terrorists by nature.

    The preliminary objective of brainwashing (Islam is the basis of terrorism) is thus achieved. Therefore, the terrorist world of Islam should be maneuvered into fighting Russia. Russia and the Muslim world will destroy each other, and the West will gain access to the natural resources on their territories. The dollar pyramid will straighten once again, and the economic crisis will be over. Life goes on.

    Apart from the need to shock the international community with atrocities of Islamic terrorists, this script requires the presence of some country fundamental for this particular global force. It should answer the following requirements: a large Muslim population, government based on military dictatorship (which allows prompt replacement of the leader); borders with Russia, China, and India; nuclear arsenals; and a well-trained army with combat experience. Pakistan is an ideal fit, and Afghanistan is just a capsule.

    Continuation of the script after the terrorist attacks in the United States: retaliatory strikes at Afghanistan, Iran, Iraq, and so on, depending on the situation. A dramatic rise in anti-American sentiments throughout the Muslim world as a result. A coup in Pakistan, leading to the rise of a radical Wahhabi leader there. Unification of Afghanistan and Pakistan.

    A Taliban invasion of Uzbekistan, Tajikistan, and Kyrgyzstan will follow. Conflicts with Iran and Iraq will follow. The second phase of preferable armed conflicts is as follows: Iran and Turkey, Armenia and Azerbaijan, Turkey and Greece, Georgia and Abkhazia, China and Taiwan, North Korea and South Korea, Israel and Palestine. […] All this may result in a drastic destabilization in Russia, and a loss of control. Things may even reach extremes, ending in a military coup or disintegration of the Russian Federation.

    However, some details indicate that this particular script has bogged down. The world is different now. In the past, it was sufficient to torch the Reichstag or assassinate a prince; but now, even the horrors of September 11 no longer suffice.

    That is why some sort of “fuel” is needed to give the script momentum – terrorist attacks on the scale of September 11, but not in America alone. Over there, in Europe, and in Russia as well. Anthrax is just a prelude. Controllable terrorism, however, has its own limits. Russia knows, for example, that “Chechen terrorists” will no longer suffice. After all, linking them to Islam is fairly difficult.

    But even that is not the key point. Certain indirect aspects indicate that the script considered here is not the only one. Most probably, it is not even the whole script, just part of an even larger one. In accordance with the latter, Russia and the Muslim world fighting each other are not the only objectives. The West and Israel are too. It follows that some unknown Contractor and Player must be present somewhere. This script becomes possible when we assume that some Western elites and secret services made a kind of covert pact with this still-unknown Player.

    All this is only made easier by the fact that the United States is internally not prepared to carry out the task; its elites are split, and the gap first shown in the Bush-Gore election is only widening. The dollar may fail to withstand the new war, and could actually begin falling soon. This would rekindle and legitimize long- standing racial tensions. The ideology of liberalism and democracy as the most effective system is dead. It is time this fact was recognized.

    Under the unfolding script, all of us are victims. China has already won, strategically and tactically.

    The test is plain – we will sink or swim together. The new global Chinese order will follow the rules the Americans drew up for themselves. What counts is that the “golden billion” of the world’s population alone will prosper; the remaining 4 billion are expendable. Unlike the United States, to say nothing of the Russians or Jews, China has this billion already. All of us are expendable in this wicked colonial system of distribution of resources.

    Proposals:

    1. All efforts, including from the elite of international finance, should be made to stop the war.

    2. Russia should become the real leader of the new process. (It has already become it but not yet aware of the fact.) The West and Israel need a strategic alliance with the Muslim world more than anything else, and this alliance is possible only through Russia. Only Russia in an alliance with the Muslim world can keep China in check without conflicts, helping it find its new place in the world as another super-power.

    3. Leaders of Russia, America, Israel, Europe, Iran, India, and international financial capitals must initiate a dialogue over leaving this crisis behind and preventing events like those which swept America on September 11.

    A time of change is upon us, and it’s futile to wish we were living in some other era. We have to change ourselves and change the world…

    (Translated by A. Ignatkin)

    http://www.russialist.org/archives/5497-14.php

  89. MarkinPNW says:
    @JUSA

    Calculating a WAG of possibly 2% real growth from the 2008-2009 crash I’m figuring a WAG floor of under $10,000 (and under $1000 for the S&P), all just a wild hunch from my figuring that WAG of maybe a real 2% compound growth.

    • Replies: @Anonymous
  90. DaveE says:

    I’ve said it before and I’ll say it again: EVERYONE with the IQ of an earthworm sees through the BS “coronavirus” scam.

    I guess the question is……. what will (((they))) try next? A big-ol’ false flag nuking of an American city, to be blamed on China, as retaliation for introducing the “coronavirus” to their country? (Not that I’m ruling out that possibility….) Or maybe an attack on Iran to “sterilize” them, since they’re now “coronavirus-positive”?

    There’s nothing too diabolical (((they))) wouldn’t try to “neutralize” Iran…. the last surviving bulwark against their dirty, vile Old Testament agenda.

    Obvious to everyone except a mentally retarded six-year-old or an average American, whichever is dumber…….

  91. @PeterMX

    Peter Schiff agrees when you say “we are fast approaching zero hour, a crisis the likes of which we haven’t seen since the 1930s”

    A broken clock is right twice a day. If he simply maintains that the market is going to crash from 2006 until now, he’s bound to be right eventually. But don’t panic, you can protect yourself from the coming catastrophe if you just buy gold from him, which now come in convenient divisible bars!

  92. @Anonymous

    The market can always go lower, or go higher. Suppose for example Trump suddenly declares martial law. The crash now would look small in comparison. With all the debt and unfunded liabilities, we could be in for a major crash. Ditto if war with Iran starts and it goes the way it’s likely to go, or any number of other scenarios.

    Alternatively, some talking head could soon announce that rates of infection are decreasing, and all the quarantine business will be over soon. Trade with China could resume, etc. The crash levels off, maybe even recovers slightly.

    Can you predict the future? An educated guess is all you can do, and you’re competing with lots of other educated guesses, some with a lot better info than you. The people who do best in stocks are the ones that manipulate the stocks they’re picking; everyone else is just gambling. Formulas sometimes work, but chaos theory will eventually strike back.

    • Replies: @Showmethereal
  93. Alfred says:
    @Greg S.

    you will have a long and stress free life

    I hope you are right. 🙂

  94. Alfred says:
    @PeterMX

    Switzerland is one of the few hard currencies left

    Have you ever lived in Switzerland? I have

    Do you have any idea of the cost of living in Switzerland?

    I suspect it is perhaps 4-5 times as expensive to live in as a place like Russia or Ukraine.

    Cost of Living in Zurich (compared to your city)

    Summary about cost of living in Zurich:

    Four-person family monthly costs: 156,587.61₴ (5,565.00Fr.) without rent (using our estimator).
    A single person monthly costs: 42,285.45₴ (1,502.79Fr.) without rent.
    Cost of living index in Zurich is 287.42% higher than in Kiev.
    Rent in Zurich is, in average, 269.62% higher than in Kiev.
    Cost of living rank 2nd out of 459 cities in the world.

    In the new world that we are entering, “service economies” such as Switzerland and the UK will have to come down to earth.

    • Replies: @PeterMX
  95. Franz says:
    @Wally

    F’kin-A man!

    Destroying the industrial base and luring venture capitalists into the pool was genius… if you were one of them.

    But the country itself was ruined. Destroyed. Yeah, investors invest in rot. Right you are.

  96. @antibeast

    “THE CORONAVIRUS HOAX” By Ron Paul,ronpaulinstitute.org :
    “…we have seen this movie before. Government over-hypes a threat [for example 9/11]as an excuse to grab more of our freedoms. When the “threat” is over, however, they never give us our freedoms back.”
    Are you ready for mandatory COVID-19 testing and mandatory vaccinations, a cashless society, more wasteful spending by “big pharma” on worthless vaccines, more internet censorship, more restrctions on travel and assembly, more government surveillance and eventually one world government ?

  97. @antibeast

    We certainly live in interesting times , although I never expected to be unable to go to my local restaurant because they have been closed per order of the Governor of the State of Rhode Island .I am at last beginning to feel that I am living under martial law although in the US we have since 9/11 after Cheney and Bush invoked the COG . The US has been in trouble for a long time especially since the creation of the private Federal Reserve in 1913 and JP Morgan purchased the 25 leading periodicals in 1915-1917 to control the massmedia and the bankers, Wall Street , The Fed and the plutocrats have never relinquished control of the media , that is why most everything that people believe is a lie . With respect to the 1929 crash suzieqq.wordpress.com explains : “How a group of International bankers engineered the 1929 crash and the great depression .”

    • Replies: @antibeast
  98. PeterMX says:
    @Alfred

    No, I have never lived there but I have been there. It’s an amazing country. Switzerland has a higher standard of living than every other country in the world, except for Denmark which is ranked number 1. Switzerland is ranked number 2. Their problems pale in comparison to the rest of the world.

    https://worldpopulationreview.com/countries/standard-of-living-by-country/

  99. @Polemos

    Hi: Thanks. First I have to make a correction to my comment – I wrote that the so-called merchant fees are adjusted to consume up to 50% of a small business’ gross revenue – I should have and meant to write “gross operating margin” or gross operating profit. If a small business is operating on a 10% gross operating profit but must concede a 5% price discount for credit/charge-card users, then that represents 50% of their operating profit or margin. Sorry about that.

    I have been studying the global credit card system since 1990 when I won a court case against a major Canadian department store credit card operation when I challenged their obviously (to me) fraudulent method of calculating interest charges. I won the case and if allowed to stand it was going to cost Canadian creditors a minimum of about $100 billion – and that was in 1990. The whole system went into heavy damage-control mode and I got a good education in how the world really works. It is all about protecting the lawyers and their malpractice liability underwriters.

    I have an excellent summary on the issue (in pdf) called “Conspiracy Theory my butt” that is a bit longish at about 50 pages, but it represents a condensation of about 10,000 pages of research so it is quite concise. I don’t know how to get it to you though (if it is permitted on the forum) – but my email is just my name with my middle initial P added at gmail.

  100. antibeast says:
    @9/11 Inside job

    Plausible. But I would think they need a better reason than this relatively mild Covid-19 pandemic which is far less lethal than earlier viral pandemics such as H1N1 in 2009 or the HIV pandemics of the 80s and 90s. If anything, this “Black Swan” event was a good excuse for them to sell off the stock market and profit off the ensuing mass panic.

    In any case, the USA Patriot Act of 2001 was a step towards the establishment of a National Security State which requires a perpetual enemy to justify the curtailment of civil liberties. The 9/11 False Flag event served for a while to demonize a bunch of dirt-poor, sandal-wearing, goat-herders in barren lands as fearsome and loathsome “Islamic Terrorists”. But even that tragicomedy of a charade has become stale.

    They tried demonizing “Imperial Russia” but that have failed to convince the world that somehow Putin’s gambit to protect Russian speakers in Ukraine as well as to defend the Syrian State is a threat to world peace.

    They tried demonizing “Communist China” but that too have failed to convince the world that somehow a billion Chinese happily living the consumer lifestyle is a threat to world prosperity.

    That leaves Trump and his populist movement which poses an existential threat to the Globalist Elites who own the USA and run its Empire.

    This pandemic then serves as the perfect “Black Swan” event to derail Trump’s re-election campaign, after failing to depose him repeatedly since his election in 2016.

    • Replies: @9/11 Inside job
  101. @Just Passing Through

    There is a slovenly, crippled Jew in one of the parks in the New York City who lends out money at an exorbitant rate to drug users … it’s amazing to see that unwashed man in a wheelchair bringing out C notes from his stained pockets.

  102. Yahya K. says:
    @Redneck farmer

    That’s why Warren Buffett’s approach to value investing is the best way to approach these things.

    If you are buying for the long run, what happens to the stock price over the week, month or even year is irrelevant (to you), and shouldn’t keep you up at night.

    But you’re right, the trick is to estimate what the intrinsic value value is so that you can purchase the stock at a price below it, with a margin of safety. The market value of a company is different from its intrinsic value. A discounted cash flow is the way to calculate the intrinsic value, the stock price to calculate its market value.

  103. Yahya K. says:
    @Uncle Sam

    You are right about the stock market not being the be-all-and-end-all.

    However, the stock market’s performance does have some feedback loops with the economy.

    For example, the wealth effect, where if stocks rise, people feel wealthier, and so go out and buy more things, juicing the economy. The reverse is true if stocks are declining.

    Another way is confidence. Lots of people in the business community use the stock market’s performance as a harbinger of things to come, and make business decisions accordingly. Like in the stock market crash before the Great Depression of 1929. The stock market wasn’t the only factor in bringing the depression about, but it definitely jolted confidence and spread panic.

  104. @antibeast

    It may be a “relatively mild COVID-19 pandemic ” but they have done a hell of a job in scaring people and, as I have learned from the false flag attacks of 9/11 ,a scared citizenry will agree to anything and will surrender their freedoms for security and TPTB are still using 9/11 to justify obscene spending on defense and worthless high-tech weapons such as the f-35. I believe that this pandemic will be brought to an end in a month , Congress and Trump will be able take a victory lap for having defeated the menace and Trump will be able to blame the ensuing recession on a pandemic not of his making. People have short memories and Trump will get re-elected , in any event it’s a “selection and not an election ‘ and his impeachment and Russiagate are Kabuki theater giving people the illusion that there are two parties ,whereas the democratic and republican parties are “two wings of the same bird of prey”. Trump has been a great President for the MIC, the Zionists, Wall Street , the PIC,billionaires and has appointed more lobbyists to positions in his administration than any President in history , he will have an enormous war chest to defeat any democratic challenger. Of course I could be completely wrong.

    • Replies: @antibeast
  105. @Greg Bacon

    Inded the low interest rates are to discourage savers and get people to funnel the money into the equity and bond markets. Same with 401k’s…. The only way to get the tax benefit is to put money into a vehicle that thrown money into the market weekly or bi weekly… It is a sick game.

  106. Great write up. Coronavirus or not these things were bound to happen. I am upset though the proce of gold dropped so much… I purposely keep a good chunk in that for times like this. Oh well… Better than if it had been in blue chips…

  107. @Timothy Madden

    I agree with your analysis.
    I think credit card rates are an excellent metric to demonstrate the point.

    I have the perspective of having lived through the stagnant economy of the later 1970’s that saw mortgage rates rise. People who locked in at 8.5% early, the economist-financial market types, were laughed at but only for a while as rates spiked to the high teens.

    This bubble that exists now is a 25 year bubble. Why? Well, the economy has grown steadily since 92-94, depending on what part of the West you live in. So, the dot.com bubble deflated and the financial sub-prime bubble deflated in ’08 but, in essence, these were ‘papered’ over by the Federal Reserve and other Western Central Banks who are now pretty much in lock-step.

    So, what I am saying, is that I believe we have been in a quarter century super cycle. The only room left for central banks to stimulate is to go to negative rates. I don’t believe it will be enough. I believe that much of the liquidity that has been injected into the market since September, 2019 and especially the last 3 weeks, has alllowed insiders and billionaires to move to cash and equivalents.
    The smart money has been repositioning. The suckers will go down. Then the billionaires, having bankrupted pensions and the middle-class investor and stuck them with the national debt, will buy everything up. Welcome to Argentina, America! Get ready to pay rent to the bank that now owns your house. Negative equity baby!
    The Fed has practised socialism for the rich since the 90’s. All the Fed activity ends up as National Debt. The Oligarchs have the markets rigged. They papered the hell out of Gold and Silver to prevent those metals acting as safe havens but the wary are buying up those metals and paying premiums of 20-40%.
    Behind the scenes, major banks have been buying up metals. China and Russian have been mining AND buying gold and silver for years.
    I think this is it. The big one.
    Overnight repo operations are up to 1Trillion USD. That is how much is being pumped into major banks, by the Fed, to keep the credit markets from seizing.
    I don’t think this can last.
    I believe we are in a crash and the CoronaChan virus is the Judas goat to distract the masses from the massive financial fraud of Wall St and the Fed.
    This whole thing reminds me of Argentina in 2001.
    I’m not trying to panic anyone but holding cash is a good idea. There is only so much physical cash and precious metals out there. Holding some is a good idea, especially cash. Just as the new york exchange had to cease trading recently so banks at some point may have to freeze accounts to prevent a run.
    This isn’t Cyprus right?
    True.
    Until it is.

  108. antibeast says:
    @9/11 Inside job

    Trump has been a great President for the MIC, the Zionists, Wall Street, the PIC, billionaires and has appointed more lobbyists to positions in his administration than any President in history.

    As a dyed-in-the-wool Capitalist, Trump has been good to the Republicans and their lobbyists in the Oil, Defense and Finance industries but not to the USA Empire. Unlike Obama, Trump refused to obey the Globalist rules of Empire which was to keep starting wars all over the world. He even stopped several wars by withdrawing from Syria and Afghanistan. And he has so far refused to start another war against Iran. Instead, he started trade wars and wants to keep out immigrants. In other words, Trump wants to serve “America First” not the Globalist NWO. And that’s why the Globalists and their “Deep State” are against him, from the day he won the election in 2016.

  109. @Realist

    Agreed.
    I would add that I believe this pin was thrown in by someone.

    This winter,China has their own debt problems and their economy is slowed waaay down. They probably have had to stop buying T-Bills or buy much less.
    They don’t need as much oil.
    The Russians, those pesky free market fundamentalists, refused to agree to a price floor on oil. Everyone in OPEC will now have to fight to sell into a shitty market. Oil is down at $28/bl today.
    I looked at a map of Central Asia-Middle East. This one country, Iran, was surrounded by countries with really small coronachan numbers. Typically, a few hundred. Iran, though, is overwhelmed by wuhan.
    Italy, which has been pretty focused on pursuing trade with China despite U.S. criticism, has also been hammered by covid.
    This ‘flu’ really seams to follow a strange foreign policy pattern.
    Russia sealed itself off and seems to be doing okay.
    They are using this flu as a judas goat for the markets and anything and everything will be blamed on it.

    • Agree: Alfred
  110. @antibeast

    I respectfully disagree , Trump is a globalist but pretends otherwise , we are still embroiled in Syria with our own troops , proxies and mercenaries and a number of airbases . In addition he has stationed thousands of troops in Saudi Arabia , we have assisted the Saudis in bombing Yemen and we still have troops in Afghanistan and he will find an excuse to keep themthere . He has threatened Venezuela and even suggested that we invade them , and to top everything off we still have over 900 military bases throughout the world . Trump has shown his love for Israel by moving our embassy to Jerusalem and by his support of the annexation of the Golan Heights and for more Jewish settlements on Palestinian lands, therefore it is likely that if re-elected he will assist Israel in destroying Iran. “Trump’s Iran WAR has begun “vox.com
    “At the State of the Union ,President Trump threatened to smash and destroy Venezuela and impose a naval blockade which is an ACT OF WAR under US and International law.”commondreams.org

    • Replies: @antibeast
  111. Anonymous[263] • Disclaimer says:
    @antibeast

    Trump hasn’t withdrawn from Syria or Afghanistan.

  112. Anonymous[264] • Disclaimer says:
    @MarkinPNW

    Would it make sense to sell some stock now in order to purchase more when the market is lower, or is it probably too late and risky now?

  113. antibeast says:
    @9/11 Inside job

    I respectfully disagree, Trump is a globalist but pretends otherwise, we are still embroiled in Syria with our own troops, proxies and mercenaries and a number of airbases.

    While I respect your views, I would offer this observation: whenever Trump does or says something about the withdrawal of US troops from anywhere, he gets contradicted by his own US officials such as Bolton, Pompeo, et al. And every time Trump agreed to withdrawing US troops, some False Flag event happens in Syria, Afghanistan, Iraq, etc.

    In addition he has stationed thousands of troops in Saudi Arabia, we have assisted the Saudis in bombing Yemen and we still have troops in Afghanistan and he will find an excuse to keep them there.

    Saudi Arabia? That’s Kushner who has a business relationship with the Saudis. Afghanistan? The Trump Administration has already agreed to a complete and full withdrawal of all US troops in Afghanistan.

    Trump has shown his love for Israel by moving our embassy to Jerusalem and by his support of the annexation of the Golan Heights and for more Jewish settlements on Palestinian lands, therefore it is likely that if re-elected he will assist Israel in destroying Iran.

    Just because Trump is pro-Zionist does not make him a Globalist. For example, Trump has repeatedly berated Europe for failing to contribute to NATO which he has called “obsolete”. This is the why the “Deep State” or what Gore Vidal has termed the “National Security State” is so hostile to Trump because if he wins in 2020, Trump might make good his threat to withdraw the USA from NATO. That makes Trump anti-Globalist not pro-Globalist.

  114. @NobodyKnowsImaDog

    I disagree withyour last comment. If you pick your investments based on fundamentals and not whther the company has a jazzy CEO or the industry is based on people having 10 second attention spans or simply “public sentiment” – it is not gambling at all. You can have ups and downs – but it is not gambling. Sound investments usually arent “sexy”. And we know how easily people can get seduced.

  115. @antibeast

    I like most of your comments but I have to disagree. Trump is indeed a globalist. America First is about America being in first place and not second or third or fourth. Just look at the policies. Whether they can achieve anything good is a different story.

    • Replies: @antibeast
  116. antibeast says:
    @Showmethereal

    Trump is indeed a globalist. America First is about America being in first place and not second or third or fourth. Just look at the policies. Whether they can achieve anything good is a different story.

    I am not defending Trump nor am I praising his policies. But Trumpism — the populist movement behind the election of Trump — is remarkably similar to Charles Lindbergh’s “America First” movement in that both share the populist ethos of anti-interventionism in foreign affairs. Trumpism will outlast Trump — whether good or bad for America — for decades to come.

    • Replies: @Anonymous
  117. Anonymous[263] • Disclaimer says:
    @antibeast

    Lindbergh’s America First was pretty explicitly about opposition to jewish interests taking precedence over American interests and made it clear that Anglo maneuvering was riding shotgun with the jews. It was a little more German, a little more Irish, a little more Italian. Trump’s America First is all about aping imagery and using deceptive language to sell the postwar order and its policies in a new package. I would bet the use of Lindbergh’s slogan is being done to deliberately pervert and overwrite the core message and context of America First with a cascade of pro-zionist garbage.

  118. Corrupt says:
    @PeterMX

    The US has been writing checks it can’t cover for years. Our inflationary economy has been supported by the rest of the world because of the dollars position as a reserve currency AND its position as the petrodollar. As other countries decide to stop subsidizing us, our position will get worse and worse, ending in economic collapse.

  119. @Redneck farmer

    The company has the same assets and debts, but the stock price can be wildly different.

    And as an outsider you have no way of knowing just what the value of those assets are. That’s why the only way to play the stock market is from the inside, but unless you’re a member of the elite, you can’t do that. Just ask Martha Stewart.

  120. ASaxon says:

    But Trump is going to create a stimulus package.

    Think about this: Rather than create stimulus packages and pay interest on a trillion dollars and give everyone a thousand dollars of their own money back.

    STOP FOREIGN AID!

    Any dumbass can rifle through wads of cash. Can someone save and reduce spending? Politicians have conned people into thinking spending money is a solution. It isn’t.

    Why are we continuing to pay for “friends” across the world? Get this trending and call out the politicians on the left and right. Yeah, they’ll blow smoke up everyone’s asses about “reasons.” The money isn’t going to Americans regardless.

    They’ve thrown money at education over the past 30 years and people go to college that don’t have sufficient skills for 101 courses. The result, “We need more money for education.” Then we get fucking Common Core. Then they lower the standards or simply throw the standards out of the door and give idiots degrees.

    No, spending money is a detriment, not a solution.

  121. “NWO Magick: A faux pandemic , and a very, very real financial collapse ” realcurrencies.wordpress.com . It’s a PSYOP and Americans are going to get very, very angry , but as they are totally brainwashed by the massmedia they won’t know what to do except to look to the State for help. It appears as though Wall Street and the Fed and other central banks are going to end up owning almost everything.There are twelve central Commercial banks which comprise the PRIVATE Federal Reserve and these banks are owned by the 8-12 families which own most of the World’s assets.
    Cui bono from the pain we are all going to suffer?

  122. bomag says:
    @Greg Bacon

    Not sure the two are related; DOW companies aren’t the ones killing innocents.

    The market could well be higher sans war.

  123. Malla says:
    @Just Passing Through

    Don’t blame the average Brit or American. It is a consumerist culture which has been pushed on society via the media and other means.
    Look, most Indian middle class folk just a generation ago were a saving lot. Most of our parent’s generation saved their money in saving accounts, fixed deposits and postal saving schemes. But the newer younger generation of Indians have changes totally around, we are 180 deg opposite. Credit cards are been thrown around like no tomorrow. A visit to a bank means you are pushed and heckled to buy more ‘financial instruments’.
    Previously lower class slum dwellers who lived simple lives, now with a rise in standard of living, have become hyper consumers, wanting the latest touch phones, a consumption pattern on its way to mirror US ghettos (Jews call black Americans as ‘Liquid Cash’ after all). Living to the edge of their miserable means as per capita income in India still about 1/25th that of Britain and the USA and yet we are seeing these trends in society.
    India is even more susceptible to this consumerist phenomenon than the West because unlike the West of protestant cultural background, we have a yucchus (Status or show off) culture. One major private bank in India, ‘Yes Bank’ has collapsed just a few days back, had a bank run and guess who are showing interest in buying it up, why Goldman Sachs and their gang. Just some months back the owner of our largest coffee cafe chain, ‘Coffee Cafe Day’ (popularly known as CCD) committed suicide because of mounting debts, guess who bough some assets of that chain? Blackstone, a hardcore slimey low profile Jew company, Blackstone is India’s largest real estate owner BTW, they have been buying up real estate behind the scenes, keeping a low profile. And guess who had tried to block Blackstone from buying up CCD’s assets on the cheap a few months back? Why, Yes bank and now Yes bank has collapsed.

    This consumerist culture is pushed on the people, people are encouraged to buy crap they do not need. I have seen this in action in front of my eyes, I have seen my society transform. Maybe the Amish have something to teach us. Of the movie ‘FightClub’. I could not believe Hollywood made a movie like that.
    The Zio elites either push society towards hyper-consumerism or towards its extreme opposite, (austerity in the name of the environment). Towards extreme sexual Puritanisms or towards extreme hyper sexuality. But as Lord Buddha said centuries ago, choose the Middle path, that is the best path.

    • Replies: @KA
  124. anon[280] • Disclaimer says:
    @Anon


    1 When the Fed pumps liquidity into the market, what it’s basically doing is making sure banks have enough cash. This enables people to withdraw cash without shutting down banks. It also makes sure there’s enough cash in the system that stock markets will continue trading.

    2 But the main run on dollars right now is coming from foreign investors. They’re grabbing every US dollar they can in the crisis because their own economies are crashing and they don’t trust their own currencies to hold their “

    1 there was no run on the banks in the US. It was not a liquidity problem . It was solvency crisis and bank did it have enough equity buffer .
    2 Run on dollars now ? China Russia has unloaded treasury where dollars are kept by foreigners . Sanction on Russia and China have prevented oligarch or rich Chinese have confused and destroyed the confidence of these buyers of dollars . By the way ,dollar is kept in USA or Caribbean which is fully under US control.

  125. KA says:
    @Malla

    How could foreign hedge fund like Blackstone or foreign bank can buy asset in India? Did the government change the laws?

    Interesting times. No doubt BJP loves Israel. Enjoy while getting raped is not an unknown advice to RSS-BJP- Yogi brigand.

    • Replies: @Malla
  126. Malla says:
    @KA

    Did the government change the laws?

    Maybe.
    https://www.forbesindia.com/article/boardroom/how-blackstone-made-india-its-largest-market-in-asia/53849/1
    How Blackstone made India its largest market in Asia

    https://realtynxt.com/2018/04/06/blackstone-indias-biggest-property-investment-portfolio-reaches-5-billion-mark/
    Blackstone: India’s Biggest Property Investment Portfolio Reaches $5 Billion Mark

    https://www.businesstoday.in/bt-buzz/news/bt-buzz-blackstone-the-buyer-of-last-resort-for-cash-strapped-indian-real-estate-developers/story/360718.html
    Blackstone, the last resort for cash-strapped Indian real estate developers
    https://www.thehindubusinessline.com/markets/Goldman-Sachs-buys-Yes-Bank-shares-worth-Rs-77-cr/article20662660.ece
    Goldman Sachs buys Yes Bank shares worth Rs 77 cr

    https://m.economictimes.com/opinion/interviews/goldman-sachs-is-one-of-the-major-investors-in-india-michael-evans/articleshow/5709048.cms
    Goldman Sachs is one of the major investors in India: Michael Evans

    No doubt BJP loves Israel. Enjoy while getting raped is not an unknown advice to RSS-BJP- Yogi brigand.

    After all a Jewish Americn PR firm with close links to Israel played a huge part in Modi’s popularity & victory and also marketed ‘Shining Gujrat’ BS.

    https://economictimes.indiatimes.com/news/company/corporate-trends/how-an-american-lobbying-company-apco-worldwide-markets-narendra-modi-to-the-world/articleshow/17537402.cms

    How an American lobbying company Apco Worldwide markets Narendra Modi to the world

    https://aamjanata.com/politics/the-brainwash-chronicles-sponsored-by-gujarat-government/
    “Enter APCO – in 2006 – supposedly to promote a vibrant Gujarat (remember India shining in 2004?) but very conveniently in time for the 2007 elections.”

    https://everything-pr.com/jewish-pr-firms/
    APCO isa Jewish PR firm.

    • Thanks: Miro23
  127. Daniel H says:
    @Thomasina

    The U.S. dollar will be the last to fall. China is in a world of trouble too.

    This could be true, most likely true, but no matter how shi**y China’s finances are, here’s the thing: China makes things. They can make just about anything. We have lost the ability to make many things, and are perilously close to losing the ability to make other things (that’s why Boeing must be saved, in some form). We cannot make a simple surgical mask. China can churn out 1 billion of them per week. We can’t make a simple ventilator machine, China can probably produce 10,000 next week. Yes, China is crooked, corrupt, crazy, but they MAKE THINGS. That is the difference.

    Nowadays, most people who make things in America do so as a hobby. It is going to take time and incentive to get America back on the right track of making things.

    • Replies: @houston 1992
  128. @Daniel H

    Whether TSMC can be induced into building a stateside fab will signal how serious the US Deep State is about semiconductors , the building blocks of the information age– an essential part of the military and the economy…
    https://semiwiki.com/semiconductor-services/semiconductor-advisors/285576-our-us-chip-foundry-comments-confirmed-by-wsj/

Current Commenter
says:

Leave a Reply - Comments on articles more than two weeks old will be judged much more strictly on quality and tone


 Remember My InformationWhy?
 Email Replies to my Comment
Submitted comments have been licensed to The Unz Review and may be republished elsewhere at the sole discretion of the latter
Subscribe to This Comment Thread via RSS Subscribe to All Mike Whitney Comments via RSS