Quote:
Originally Posted by XKxRome0ox
So how f*ed is the stock market from this? Or better question - how do we make some money from this situation?
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Depends on the meaning of f*ed. If you mean f*ed as in markets are no longer based in reality, and are completely fraudulent schemes designed to syphon off the last bit of middle/lower income into the pockets of the wealthy. Then yes they are f*ed.
However, if by f*ed you mean there will be a big crash tomorrow, most likely no. In fact, we're likely to see a rally as the only thing this sham of a market is concerned with any longer is endless QE and free money. By once again bailing out the losers, who somehow couldn't conceive of interest rates ever increasing again while they gobbled up treasuries, the party will be back on.
It's absolutely grotesque what is going on right now. This whole shit show should have been allowed to collapse in 2008 with the MBS scams, and the dot com bubble before that. We'd be on a much stronger footing than we are now, but instead the outright thievery will continue until the collapse of the dollar and the complete destruction of the US economy. There is absolutely no turning this thing around now, the corruption is too deep. These are end of Rome days, it's why you have people so whacked out on drugs and confused, they can't even figure out what the difference is between a man and a woman any longer. The entire financial system of the USA is on the brink, and 99% of what you'll hear tonight is about some degenerates in Hollywood (have to admit I hope Top Gun wins though).
These things take time and never happen overnight, but the events of the last few days have certainly quickened the process.
If anyone doesn't understand just how fundamentally f*ed things are, two of the top 40 banks in the USA have just collapsed in a matter of days. This is after what, some lousy increase of rates to 4.75% over the past year? To even have a chance of stopping this inflation cycle we'd need to be well over 10%, that will NEVER happen without the complete destruction of everything. Just four days ago the HEAD OF THE FED, was pitching further rate increases this year. The Fed is comprised of completely incompetent morons, thieves, and degenerate criminals.