In a few words you just made the case for owning gold and silver. Something I knew long ago. Central banks are telling you that cash is now a liability, not an asset. It depreciates with inflation and now with "negative yield". How can you put those two words together? Is losing called yielding? It is a fee to park your cash, period. Many say gold is a worthless asset because it has no yield. That is better than being charged to hold it! Kindly look at the price of gold since the dollar went off the gold standard, I think 35-40X your money ain't bad.
What these bankers have done is criminal, your cash, your savings, being eaten by inflation and now bankers charging you a penalty to hold cash! This is theft, borrowing money has always cost a premium and if anyone has the use of your money they should pay a premium.
This new policy these central banks have adopted will be their undoing. Please get assets OUTSIDE of the banking system, PLEASE! No stocks, no bonds, no bank deposits, PLEASE!
So they buy 10 year German bonds that yield 0.04%, yes folks, 4 basis points! Mind you, all the while you have central bankers trying to get 2% inflation which they never do because they exclude everything that goes up in their inflation models. I got a letter that my health insurance will go up 89.7% next year, not to mention the 30% it has gone up every year for the last 10 years. I pay $1457/month with a $6k deductible now, so $2700/month sounds reasonable and there is no inflation, right? Take a guess where your premium dollars wind up? You guessed it, right in to this casino.
If they think I am going to pay $2700 a month for insurance when my mortgage is $1998.00 per month, they have lost their minds. I will go without and give the IRS their 2% penalty. We are done as a nation, no one can afford this, we are just supporting Wall Street with our premiums. The whole thing was a lie, it was done not so you can get access, it was done to fund Wall Street . You always had access, a doctor visit costs $65 cash, $150 if you use your insurance. I pay a $50 co-pay and insurance covers $43, so I pay $107 total.
How about this folks, stop buying insurance, stop funding IRA's and 401k's and put your money in gold/silver. You will actually be able to retire and never have to worry where your money is or if you can get to it. Or you could give your money to the government that pays you no interest and might never repay your principal.
Just the other day you claimed the opposite siting the WSJ who obviously has second to second info on the markets:-). It isn't just the US market that matters, it is Europe and Japan as well. All one big market and if any one fails, they all fail.
Right, as if the WSJ knows what is going on in dark pool trading or second to second in these HFT markets. You don't even find out til months later that someone cashed out of a huge position, i.e, Carl or Warren but the WSJ has up to date info, right? If you are right then why is Goldman saying there could be a major sell off? Just more confusing nonsense put out there by bankers not to mention the daily comments from central bankers. If everything is so wonderful, why are the ECB and BOJ injecting even more money in to the markets? You think the Fed isn't doing the same? Where is all this money they claim is flowing in coming from? The 94 million who are unemployed? Minimum wage earners? How about the billions leaving every day to those who can tear down a $62 million mansion and build a new one? Funny how all this "liquidity" always lines up in the hands of a very few.
I suspect most of the money the Fed pumped in went to building new mansions in the Hamptons, therefore no liquidity in the markets. Just tear down that $62 million starter mansion and build yourself a new one. Why not, you can just dip in to the markets and take all you want, any time you want.
Why? Because rates are NEVER going up and even if they did, gold will still go higher. People want protection from a corrupt banking system, yes even the elite billionaires. They know there is nothing but air under asset prices and that money is being printed like mad so they are converting to assets outside of the banking system.
The Kosher Nostra knows rates are not going up and this market rigging scheme on very low volume will end with the same result as it did last time when stocks went up every day in to year end on pathetic volume. The set up is here, the Fed has filled up the cash buckets again and just watch how Wall Street feasts while they come up with some lame excuse like Greece or China again.
Care to guess how much money is being lost with 542X leverage in gold? Keep shorting gold and gold miners, please! Everyone thinks stocks are going up but the reality is that money is going down! There is not one day that passes without someone from the Fed, ECB or BOJ commenting or outright announcing yet another "stimulus" plan. Millions of chosen bankers worldwide sitting in front of screens who feel they are entitled to become billionaires by age 35 are draining markets every minute of every day and central banks just keep refilling the cash registers for them.
the day will come when it all goes dark. You won't be able to get out or access your money because bankers have it, you don't. Get out and buy precious metals and hold them outside of the banking system.
The so called free country we live in where everything is censored and your government spies on you. The media owned by Wall Street and the government writing the daily script. One huge lie is what we are.
Do you think he is sick of having to read the propaganda on his teleprompter every day? We go up, then they go up so we go up again. US, Europe, Japan, Hong Kong, all one big happy market, no differential in economies, quality of stocks, PE ratios, earnings, everything is equal. One market follows the other regardless.
You don't suppose he is dying to spill the beans that all markets are rigged do you? The headlines are all the same, markets rise after Yellen or the ECB or the BOJ, no one even cares about earnings, debt, deficits, or the economies.
Mark my words, they are clueless and have no tools left to deal with the next downturn. Everything since 2009 is based on massive borrowing and money printing, artificial, not lasting or genuine demand. What exactly are we all supposed to buy that we don't have already? Maybe more bombs and drones, but I don't need a new TV, phone, house, clothes, game consoles or anything else. The era where everyone had to have something is over, we are saturated and broke by now. Everything is bought on credit, future earnings to consume today. How far in to the future can you borrow?
They can only print more money and go negative on rates and that will be the end to everything.
Oh, those trades get posted after the close, you know, dark pool trades. You can just smell the tension, every central banker shaking in their shoes as markets hang on every word. They need to shut up because nothing they say relates to anything they actually do.
Nothing but money flowing out of funds week after week yet indexes rise on LOW volume. They know it is rigged and are taking full advantage of it to cash out at the top.
She is clueless and playing this tick by tick in the markets. One down day and rate hike talk is over.