Well I agree with everything you've mentioned.
The start of the real crash started when Bernanke and Obama let the printing press run to save the stock market and I firmly believe more banks should have been allowed to fail but the Wall st. mafia and crony bankers wouldn't have allowed it. The real crash got postponed and the bubble has been pricked by COVID-19. It would have happened organically but not so soon.
The way I see this playing out is the US will continue to print into oblivion cause they can as long as they have the reserve currency. China will encourage this for as long as they can and lull America into a false sense of security that this is fine. However, secretly China will architect many more incidences like COVID-19 to ensure the US is forced to continue devaluing their currency till China finally can call their bluff once they reveal how much bullion they have accumulated. China is well aware the US administration only has always had their eyes on keeping Wall St. happy rather than focussing on the real economy such as creating jobs that actually produce something tangible. Wall St isn't affected because they've made their money through all the financial engineering over the past decade. The sufferers are the middle class and that's what will hurt America.
We are seeing the start of this right now with unemployment numbers rising in the US. Of course, they were always higher than what was reported because the US count two casual jobs the same as two full-time jobs. MAKES NO SENSE because two casual jobs may only be worth 15 hours of productivity per week whereas two full-time jobs is worth a minimum 75 hours of productivity per week. So you would have to think this impacts disposable income to count the creation of casual jobs the same as full-time jobs right? Another rigged measure and people wonder why GDP hasn't increased to pre-GFC levels. And you had Obama touting a jobs recovery. What? with casual jobs? seriously? Sadly people fell for it. But what they don't realise is the unemployment rate has two flavours in the US. The U3 and U6 rates. We hear the U3 in the news, which is rigged. The U6 is what is real unemployment. But the FED along with the US gov't refuses to publicise that lest people think they haven't met one of their dual mandates. Secondly, inflation is rigged and doesn't include food or energy. WHAT? the two biggest expenses in a household. WHY is it excluded? well if it was included, Inflation would be much higher and it would raise the question as to why rates haven't increased. Right? You see the game being played. Well this is all coming home to roost now.
All this financial engineering and rigging of numbers WILL come back to haunt the greedy politicians and wall St bankers. China are licking their lips. The FED is squarely to blame.
Once this pain is felt and manifests itself until the point that the stock market cannot sustain itself on Fed's viagra, and that the real economy does matter, that will be the inflection point for China to perhaps sell their treasuries and officially bankrupt America. A gold standard maybe reintroduced. Why would China be accumulating all this physical gold? russia too?
We are seeing this unfold now. Unemployment will sky rocket and the trickle down impact will be huge.
Watch out below.
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Well I agree with everything you've mentioned.The start of the...
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