Stock Market Game is Rigged, and It's Right in Front of Our Eyes to See
And to keep The Street’s money junkies on their high, Feds juiced the equity markets with zero interest rate cheap money while buying up trillions of dollars of government and corporate bonds
As we note in our review of LAST WEEK in the Trends Journal, July was the best month for the money junky gamblers since November 2020.
Beginning in 2020, to fight their COVID War, the U.S. government was in full money dumping mode, ultimately injecting over $6 trillion of fake dollars to pump up the diving economy.
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And to keep The Street’s money junkies on their high, Feds juiced the equity markets with zero interest rate cheap money while buying up trillions of dollars of government and corporate bonds.
FOLLOW GERALD CELENTE ON TIKTOK
Not only did Western nations follow the Communist Chinese Way by locking people in their homes and closing down life to fight the COVID War, on the money front, the EU, Japan, and the U.S. added fascism to their “democracies.” Their central banksters buying up corporate bonds to help the “Bigs,” equals the merger of state and corporate powers... which the Fascist King, Benito Mussolini, called “fascism.”
PELOSI PICKS FIGHT WITH CHINA….WHY?
Yes, the new Commie-Fascist way is the way of the Western world that keeps going to war to bring “freedom and democracy” to countries they conquer, while stealing their own citizen’s money to enrich themselves and the crime syndicate they represent.
Rigged
Right in front of the world’s eyes for all to see, but blind to the facts, is how rigged the stock market game is.
Having nothing to do with reality, it is nothing more than a corrupt Wall Street gambling casino.
Yes, equities had their big month’s spike in July. Pushing them up was the “happy” news that inflation spiked higher than what was forecast. In mid-July, while the Dow Jones had estimated inflation in the U.S. would rise by 8.8 percent, the U.S. Bureau of Labor Statistics reported that the consumer price index spiked 9.1 percent from a year ago in June.
Despite that news, which indicated the Fed would have to raise interest rates at least 75 basis points, the markets rose higher. And then, when the Fed did raise interest, equities kept their upward climb.
Then last week, The Street predicted that America’s Gross Domestic Product would increase in the second quarter by 0.3 percent.
Adding to the list of other rotten forecasts that were way off, no, the GDP didn’t increase, the Bureau of Economic Analysis reported that the GDP fell 0.9 percent at an annualized rate. But that didn’t stop the equity markets from rising.
And back in the old days, considering there was a 1.6 GDP decline in the first quarter and then down 0.9 percent in the second quarter, the media would call it a recession. But those days are gone.
Instead, for days they pumped up U.S. Treasury Secretary Janet Yellen’s pitch, that a recession “is not what we’re seeing right now.”
This is the same Janet Yellen, who, as we extensively reported, said for a year-and-a-half that there was no inflation.
Yet, despite her failed forecasts, the Presstitutes promote her bullshit that there is no recession as though she knows what she is talking about, while blackballing the Trends Journal ’s accurate forecasts.
TRENDPOST: We had long ago forecast stronger inflation in articles such as our Economic and Markets Overview sections in our 27 October, 2020 and 3 November, 2020 issues and documented it through last year in our Markets Overview sections on 23 February, 2021 and 18 May, 2021 , “Inflation Spreads” (12 Oct 2021) and “Inflation on the Rise” (7 Dec 2021), among a host of other articles. However, Yellen continued to echo Powell’s assertions of “disinflationary pressures around the globe” early last year, then for several months parroted his assertion that high inflation is “temporary,” then “transitory.”
Like the Fed itself, which she once chaired, Yellen has lost all credibility as an economic seer... but she is still championed by the mainstream media.
TRENDPOST: First, inflation was “temporary;” then it became “transitory,” a more effective weasel word that implies an even more vaguely defined period of time.
Now Powell knows what everyone else, especially Trends Journal readers, have known for more than a year: inflation is a serious, long-term threat to the U.S. and global economies. In an August speech, Powell listed five factors convincing him that high inflation was “temporary.”
One of them: the absence of “broad-based” inflation. At the time he spoke, inflation already had widely permeated commodities and consumer goods ( “Commodities Supercycle Underway?” and “Inflation Ripples Through U.S. Economy,” both from our 11 May 2021 issue).