It is just a matter of time before every market will start to test the 2008-2009 lows. Right now all governments around the world is just delaying the evitable.
Here is a great video that explains in detail what a debt crisis is, and what the United States has been doing with debt the last 20-30 years. Shocking, no doubt to realize the the so called “wealthiest” nation on earth borrowed all its money and now cannot pay it back.
QE2 didn’t work, it just made the stock market run higher, which gives the illusion of wealth and things are better, when it is really not for the average Joe on the street. It only helps Wall Street, they make money…what’s could for Wall Street is not good for America. This is because Wall Street has taken over America, but you ask most American’s they have no idea what is going on.
The snobby woman in the video that got kicked off the train because she was talking too loud, but thought she was too educated, so she can do anything she wants. Like she was a higher cast than the rest of the people…please get off your high horse. Watch the two videos. She is sueing the guy that took the video, what a joke.
If you ask me looking at the jobs numbers and the headlines about layoffs along with lots of companies now not meeting their numbers and having negative forward guidance, it looks like we are heading into a big recession.
If this future trader is betting that the Dow Jones Industrial Average is going towards near 2009 lows of 8200, then it should take the Nasdaq also down to near 2009 lows, which is around 1750 points. I would have to agree with this view and it might take several months to get to that level, however you never know sometimes with the market, so we will just have to wait and see.
After watching the video from Sky News UK, it would seem that the rioters and looters of the London riot were mainly people who didn’t have much in terms of money and jobs. I guess they saw it as an opportunity to get things they can not otherwise afford. The rioting was trigger by the killing of a boy shot by police.
Nothing much has been done to change the U.S banking system since the 2008 crisis. Basically, if anythig it is the same problematic system and getting worse. So, let’s see if the banking crisis 2.0 and recession will be upon us within the next short while.
The music is a little creepy, but there is a lot of solid evidence that points to the collapse will come for the United States and global depression. It can come in 3 to 5 years, exactly when is not know, these issues which has been kicked down the road always takes time to work itself out, but when it does it hits fast.
As this video shows, the previous U.S Government reports that the economy is growing and that a recovery was under way. What a crock of crap from the U.S Government.
In reality statistics has been revised downward, and earlier this year the U.S economy did not grow at all, and recently only grew 1.3%.
Watch the FOX Business News video:
http://finance.yahoo.com/video/economy-18773128/economy-still-facing-lackluster-growth-26110669;_ylt=Ag95C2guyDj_qrLea1e4X1vki7p_;_ylu=X3oDMTEzbW1qMnM5BHBvcwMxBHNlYwN2YXJfbW9kMgRzbGsDZWNvbm9teXN0aWxs