The U.S economy is a drug addict that is currently addicted to “printed U.S funny money” by the U.S Federal Reserve. Ben Bernake is the drug pusher injecting printed money into the bonds and stock market creating an “illusion” that the U.S economy is in so called “recovery”, but the reality is that U.S is deteriorating.
Think about it, if the stock market rises and rises, do you feel richer if you are a normal “joe blow” who is possibly unemployed and doesn’t invest in stocks?
This is the second big drop in the last month. Earlier, the Nikkei already entered BEAR market territory by dropping just over 20%. This week, it looks like it drop even more.
Like the video above says, I also feel that this is the start of a big negative sentiment and negative turning point for the world economy. Japan cannot print out of the two decade long stagflation and neither can the United States.
Watch the video, click on above image to go to BBC.
Also read this article: Currency War/Crisis, Economic Instability Will Drive More People To BitCoin and other Crypto Currencies
The business of America is war (which has bankrupted the United States) and the business of China is “business”.
The lessons for the future are in the lessons provided by history. Just as history have shown that Nazi Germany had a delusion of taking over the world, much like the American Empire today fighting cloaked / secret wars under American citizens noses. The United States has been bankrupt for many many years now, taking taxpayers money to use for war.
Looking at the chart of the Nasdaq composite, you can see that several key indicators show that the move higher or sideways is not over. The RSI is still increasing and both the MACD and Slow Stochastics have not crossed yet…in short the Fed and Wall Street is going to keep this going a little longer (manipulation).
The American guy Ed (older gentleman…white hair), he sounds just like an American government mouthpiece. At every opportunity Ed is denouncing BitCoin and saying that it will not work. Ed probably haven’t even tried BitCoin, he is mouthpiece for the U.S government trying to protect the worthless fiat U.S dollar. Also, Ed is also probably somehow compensated by Wall Street to bad mouth BitCoins, because BitCoins is a threat to wall street as well. A decentralized currency like BitCoin and other crypto currency will take power away from government and big banks.
Paper gold does not reflect the actual physical amount of gold out there. Basically, it is selling more contracts for gold that is not there or more contracts on physical gold than it is actually out there. What does this come down to?
The last year or so the stock market up trend has been fueled by “monopoly” money, yes printed U.S dollars from the American Federal Reserve has printed 85 billion U.S dollars a month and injected it into U.S Treasury bonds and the stock market.
See weekly charts below:
You see the economy is not getting better, the U.S controlled mainstream media has been lying to the world. Sooner or later, the printing press for U.S dollar stops, the manipulated stock market will crash big time.
This is a great run down of how banks can get away with manipulation of trillions of dollars. It shows that governments cannot be trusted, governments will protect banks for frauds committed against citizens.
Governments will bail out banks when they screwed up, and also protect high up bank executives from going to jail. This is the two tier justice system we live in, both in Canada and else where in the world, the corrupt rich and wealthy bankers and politicians get special treatment.
The current situation around the world pertaining to the world economy is not good. Some countries around the world are at war and some are experiencing extreme economic hardship.
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