Bob McGregor

U.S. Can Blame Wall Street - Who Should Everyone Else Blame?

Interesting how waf76 links CNBC aiding short sellers. For some time their guests have been a one way street at the same time demolishing CNBC parent company GE which has halved over the past 3 months; so I guess karma is taking care of them [CNBC].
But the "Insider" links have such influence with the decision makers I cannot see any real change occurring, at least not until the new administration takes over. Even then it will have little impact as all the policies the Insiders wanted in place are now there which will help emasculate any real change a new administration may hope to implement.
We will be aware some real change is about to occur when the following is implemented:
1] Reintroduction of the short selling [SS] uptick rule
2] Transparency is demanded of the SS by forcing them to report ALL scrip borrowed SS daily and it is PUBLISHED and made available to the market DAILY.
3] A 15% limit is placed on the amount of a company that can be SS to curtail predatory SS cartels bringing companies undone.
At the moment it is a one way street in the SS favour.

U.S. Can Blame Wall Street - Who Should Everyone Else Blame?

Waf76
Then what? Possibly depends on who owns the gold in Fort Knox - presuming it really exists! If anyone can really answer these questions then perhaps we could make an educated guess. Perhaps a future role for Gold and the other precious metals? At substantially higher levels? But what will happen to it in the interim?
I'm aware some analysts are now advising clients to increase their gold holdings from 5% to 25% of their total assets. Suggests they think we are more progressed in the end game than I believe.

U.S. Can Blame Wall Street - Who Should Everyone Else Blame?

Without freely available credit none of this could happen. So the blame has to be proportioned accordingly. The USA Federal Reserve under Greenspan turned on the tap, cheered on by USA President Clinton who harrassed Congress to lower lending standards. Then the "Insiders" who control the Federal Reserve saw a way to emasculate the rest of the world and make them beholding to the USA by spreading the toxic crap over seas. Overnight, the countries who thought they could start to disengage from the USA currency system, found their banking system had cancer as well - spread by the Wall St Investment banks. Voila! Overnight the rest of the world had to continue the con of lending to the bankrupt USA Govt. Of course these additional funds prop up the massive consumption of USA citizens and allow them to live well above their means.

This has been going on since 1971 - when the USA went off the gold standard - so the only certainty long term is a continuing decline of the real purchasing power of the USA dollar. Indeed I believe the USA dlr is in the asymtopic or terminal phase of it's decline against real value items such as gold. The current strength of the USA dollar is its final bull market within its overall massive Grand Super Cycle Bear market.

Having said that, major stocks have one more major super cycle bull market before the final demise of the USA dlr starts. This stock bull cycle will be similar to 1974/1987 and 1987/2007. Only then will we see another 1929/1932 total meltdown.