GrumpyCatFace wrote:I think they have no reason to stop. Think about what's happened here - a group of extremely powerful banksters somehow convinced a gaggle of morons to allow them to create bonds for the entire GDP out of nowhere, which they now own. Now, they're allowed to sell those bonds, receive money for them, and then raise the rates controlling the value of those bonds, after they start selling.
They don't give a shit what happens after they leave the cashier's window.
You are actually more conspiratorial than zerohedge.
Don't get me wrong, markets will and do crash, but doing "everything it takes" to elevate asset prices is not now over because of yellen flapping her gums yesterday
GrumpyCatFace wrote:I think they have no reason to stop. Think about what's happened here - a group of extremely powerful banksters somehow convinced a gaggle of morons to allow them to create bonds for the entire GDP out of nowhere, which they now own. Now, they're allowed to sell those bonds, receive money for them, and then raise the rates controlling the value of those bonds, after they start selling.
They don't give a shit what happens after they leave the cashier's window.
You are actually more conspiratorial than zerohedge.
Don't get me wrong, markets will and do crash, but doing "everything it takes" to elevate asset prices is not now over because of yellen flapping her gums yesterday
It's possible that I am. Rank amateurs, they are.
I'm certainly not concerned with the markets, other than as a gambling tool. It's inflation that is about to get very, very real around here, and nobody is prepared for it.
You want a signal to watch? Check out spot gold and Bitcoin... Where else are you gonna go when stocks AND bonds lose money?
Hastur wrote:I'm afraid the US is turning into a Latin American country in more ways than one. You already have rampant government corruption and an extremely wealthy upper class of European descent. The wealth gap is still growing.
The intellectual class and popular entertainers are turning towards socialism as the answer to all questions.
News media is more or less non functional.
Drug cartels are creeping in.
The only thing stopping you from spinning out of control is the working class's lingering hope for the American Dream and the fact that they aren't as poor as in South America - yet. If they get there and start forming communist guerrilla groups it's game over. That won't happen of course. They will never go there.
Unless you import a new working class with other cultural roots of course.
This is a great post. (I think Hastur may be an AI?)
GrumpyCatFace wrote: It's possible that I am. Rank amateurs, they are.
I'm certainly not concerned with the markets, other than as a gambling tool. It's inflation that is about to get very, very real around here, and nobody is prepared for it.
You want a signal to watch? Check out spot gold and Bitcoin... Where else are you gonna go when stocks AND bonds lose money?
I agree to a point.
Bank on this: there have been thousands of ICOs this year, with massive loot pouring into made up currencies like, I shit you not, DickCoin, GayCoin, etc.
There is big bucks sloshing around the system right now, if there is money for dickcoin, there is money for more stawks.
I agree that big inflation could be right around the corner, but that will be good for some debt holders (like you and I).
Hastur wrote:I'm afraid the US is turning into a Latin American country in more ways than one. You already have rampant government corruption and an extremely wealthy upper class of European descent. The wealth gap is still growing.
The intellectual class and popular entertainers are turning towards socialism as the answer to all questions.
News media is more or less non functional.
Drug cartels are creeping in.
The only thing stopping you from spinning out of control is the working class's lingering hope for the American Dream and the fact that they aren't as poor as in South America - yet. If they get there and start forming communist guerrilla groups it's game over. That won't happen of course. They will never go there.
Unless you import a new working class with other cultural roots of course.
This is a great post. (I think Hastur may be an AI?)
GrumpyCatFace wrote: It's possible that I am. Rank amateurs, they are.
I'm certainly not concerned with the markets, other than as a gambling tool. It's inflation that is about to get very, very real around here, and nobody is prepared for it.
You want a signal to watch? Check out spot gold and Bitcoin... Where else are you gonna go when stocks AND bonds lose money?
I agree to a point.
Bank on this: there have been thousands of ICOs this year, with massive loot pouring into made up currencies like, I shit you not, DickCoin, GayCoin, etc.
There is big bucks sloshing around the system right now, if there is money for dickcoin, there is money for more stawks.
I agree that big inflation could be right around the corner, but that will be good for some debt holders (like you and I).
It'll be fantastic, assuming that I get a series of raises to keep pace with it. But that's a very big assumption.
Even if I keep my head above water, I need to get the fuck away from millions of people that suddenly can't afford rent, smokes, and gas - that's the real problem.