You do not hear this stuff in the mainstream media. Thank goodness for Max Keiser and Stacey Herbert for the Keiser report.
The main stream financial websites just spin things in a positive light to make the economy look better than it really is and the main stream media avoids talking about stories of what is really going on in the economy.
Points covered:
- Some disappointments into earnings season
- China slowing
- Unemployment rising
- By August markets “might” turn around a little
Points covered:
-United States no moral system, letting “Wall Street Tycoons” off with financial crimes with a slap on the wrist. China kills any financial crimes offenders using capital punishment (death penalty).
-United States politicians have been corrupted by large corporations like big oil companies, that is why you don’t see the government backing alternative energy, it is all lip service.
-United States fiscal situation is worse than Japan.
-United States debt is ballooning and the political parties refuse to cut spending.
Ben Bernake is the crack dealer and the economy and stock market is the crack addict. Fix a drug problem with more drugs that is the way the U.S Government thinks they can keep the dog and pony show going, but as we all know one day the crack addict is going to have some major health issues or die.
I’ve been saying this since early February, that the markets has topped and is going to roll over, but usually when trying to predict a top or reversal timing is never easy or accurate. Sometimes, it could go on for months, generally market Euphoria carries on for longer than usual and is unpredictable.
I am now anticipating the crash to happen in May/June period this year, but then again I can be wrong. The magnitude will be 5-10% correction.
Rich people who have assets that are not liquid are bringing items to pawn shops to get loans to pay for living expenses.
This of course is not a good sign, but then again the United States and the majority of its citizens are in huge financial trouble.
Watch the video:
http://money.cnn.com/video/news/2012/03/07/n-pawn-shop-loans.cnnmoney/
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