Prepare for the Greatest Equity Market, Economic Crash in Modern History
The central Banksters are rigging the game
After going into a deep slump, tech giants Apple, Microsoft, Alphabet, Amazon and Tesla combined market value spiked $1.3tn since July, pushing up tech-heavy Nasdaq by 14.8 percent.
On the other side of the equity fence, investors, aka “gamblers,” are dumping private equity and venture capital funds at the fastest pace on record.
The Financial Times reported that pensions and sovereign wealth funds alone pulled $33 billion from these investments in the first half of the year, according to Jefferies, the U.S. investment group.
As we have greatly detailed, equity markets and the economy have been artificially pumped up with a toxic combination of ultra-low interest rates and unprecedented government money-pumping schemes. Thus, as interest rates rise and governments go deeper in debt, by their sell-off actions there is real fear on The Street that the boom is going bust.
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But of course, the game is rigged and facts don’t matter.
The DJIA increased by 535.10 points on CPI numbers on Wednesday…to close at 33,309.51 because its fixed.
No, this is not a “conspiracy” theory. As we note in this week’s Trend Journal, “PIMCO KEEPS PIMPING,” the former Fed clown boy Richard Clarida—who stepped down from his post earlier this year after moving $1 million to $5 million from a bond fund to a stock fund just days before Fed Head Jerome Powell announced that the central bank will “use our tools” to support growth—was hired last week by the California-based bond fund manager.
Yes, as George Carlin said, “It’s one big club, and you ain’t in it.”
Yes, the monopoly game is rigged.
“Without Any Legislative Powers, the Fed Is Rewriting the Law and Creating a Permanent $500 Billion Bailout Facility for Wall Street,” is the headline in yesterday’s Wall Street on Parade article. They detail that this money-pumping scheme is something that the Fed, in its 109 years of Bankster operations, was never allowed to do. And there is no pushback from the D.C. Gang that Americans call “Congress.”
Wall Street on Parade notes:
“On July 28 of last year, the Fed announced that it was creating a $500 billion permanent bailout facility for the trading houses (“primary dealers”) on Wall Street to support “smooth market functioning.” The Fed gave the facility the bland sounding name of “Standing Repo Facility” or SRF. What the Fed was effectively doing was creating a new “discount window” where both Fed member banks and Wall Street trading houses could obtain billions of dollars in cumulative loans if a liquidity crisis arose.
The resolution issued by the Fed in conjunction with the announcement indicates that the $500 billion ceiling can be “temporarily increased at the discretion of the Chair.”
That means that Fed Chair Jerome Powell, who just recently started a new four-year term, has the power, without any advice and consent from Congress, to throw unlimited amounts of money at the trading houses on Wall Street.
The resolution also puts this unlimited bailout facility under the auspices of the New York Fed—the same regional Fed bank responsible for the majority of the $29 trillion Wall Street bailout during and after the 2008 financial crisis.
The New York Fed is literally owned by some of the biggest banks on Wall Street, including JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. (See our report: These Are the Banks that Own the New York Fed and Its Money Button.)”
TREND FORECAST: Yes, this Bankster deal to keep enriching the rich and rig the markets is steeped with sad facts of who runs what and who owns the economic and equity market system in America ... the nation that militarily attacks and kills millions of people in sovereign countries across the globe in the name of bringing “Freedom and Democracy.”
Imagine , if you can because it is unimaginable, that the Bankster Bandits would bail out their money-junky partners to the tune of $29 trillion while the “middle class” descends into living in a Dollar General retail world. And as accurately noted by Wall Street on Parade, it is not a “Federal Reserve.”
The JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley own the New York Fed.
We are living in perilous times.
We maintain our forecast for the greatest equity market and economic crash in modern history. When forecasting trends it is important to note that all things are connected. Indeed, as Chief Seattle said, “All things are connected, like the blood which unites us all.”