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Old 03-19-2017, 08:03 PM
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What do you want to know? That's it's a giant ponzi held up by air? By debt?

That we have a fiat currency, backed by nothing but "faith", there is no gold or silver, no assets backing it. It's "worth" is that of the paper it's printed on.

Interest rates are being held artificially low so the government can make the minimum interest charges. $20 trillion of debt costs about $600 billion a year in interest. That's with an average interest rate of 3% it is VERY low. Too low. Lower than it should be by half. If interest rates went to what they should be...it would be over $1 trillion a year. We "borrow", we "print" money to pay the interest...that is NEVER a good thing.

We have fractional reserve banking that creates money out of thin air. The Fed creates "money" by creating "credit" that the big banks use to make loans. NOBODY has anything on the line, there's nothing to lose, they simply enter it into a computer. The banks can lend all but 10% of deposits. They charge interest on this "credit" loaned. Every $100 loaned originally can be reloaned up to 9X, creating $900. The bank hasn't put up a thing and it can collect interest on $900.

The economy crashed in 2008 and it's been artificially kept alive with over $1 trillion a year in borrowing. EVERYTHING is being propped up, "bubbles" are everywhere. The Fed is giving banks money to buy bonds and stocks. Programs like POMO, QE1, II, III, Twists, are all accounting shell games to keep everything "appearing" to be good and going up.

Only 1/3 the population is working the rest are "out of the workforce". 1/3 can't support an empire and half the population collecting something from the government. 50 million cannot be added to the "insured" on the backs of those same working 1/3 the population. A $ trillion can't be spent each year on welfare to unproductive people. A $ trillion a year can't be spent on a military to keep the empire stable.

Whites are 49% of the population, down from 90% during America's peak years of the 50s. The baby boom is being replaced by a minority boom. NOWHERE that is a majority black/brown is successful. EVERYWHERE that become a majority black/brown becomes poorer and more dangerous. The economy will NEVER recover with them as the majority. It has fallen and it's never getting up.

The stock market is NOT an economic indicator. It is manipulated. Buy the dip.

That's the cliff notes version.