Really? Why don't we ask our President to tell us how many cell phones, TV's, computers, Levi's, Nike's, washers, dryers, microwave ovens, light bulbs or fridges are made in the USA versus 20 years ago? They are all now made in China, Mexico or some other cheap labor country. Not one cell phone of 1.6 billion sold is made here. Computers like Gateway and Dell were made here, no more.
Thank Clinton for NAFTA and most favored nation status for China. Politicians who are owned by corporations sold your jobs. Guess what else they sell? EB5 visas for $500k or $1million to anyone willing to "invest" here.
They told the world today that they will intervene to rig markets. This is what you want to be investing your money in?
I'm curious what the legal basis is for these "interventions". Who decided that central banks are allowed to intervene any time they want which in effect is them trading against anyone profiting from short positions in stocks or long positions in the Yen for example. If anyone else did this, they are committing a crime but central banks aren't?
Not the N225 or the DAX, just the FTSE.,how lovely. Notice how everything is frozen again, the PPT is all over these markets. Volume suddenly died off, I guess the call went out to all the big banks to stop trading. A 10% move in the pound, the Yen at 101 but suddenly that really doesn't matter either. Just wait for next week, we have another 10% to give up to get in line with Japan and the DAX.
That is all they do. The Fed, ECB, BOJ and BOE all announced interventions last night. So if markets go down, they have to intervene but if they go up, no intervention needed, right? I have news for you, all markets are rigged. They are clueless about the real economy or labor markets, they have been wrong on everything. They not only control markets but governments as well. Everything is only about markets and taxes no one cares about infrastructure, employment, debt, corruption and definitely not the will of the people.
Every central bank on the planet announcing interventions, I guess that is what they call free markets. Lies and manipulation is all they know. Banks are once again over leveraged and need instant bailouts which is exactly what is happening. Trillions are being printed today. Notice how focused they are on trying to knock gold back down? They are scared to death and anyone with half a brain now knows everything is manipulated.
Buy more gold because it is the only way to preserve capital in this sick world where central banks rule. Their constant tinkering will be their undoing. Forget today, markets are going to shed 10% quick like in the next week or two. Banks just need time to get out of longs and in to shorts, this is why we have massive interventions, everyone on the wrong side with massive leverage.
Watch how many banks will need bailouts. Of course central banks will manipulate to let them unwind and THEN the real crash comes. The Ponzi is coming apart folks and the truth be told in GOLD.