Tensions In Middle East Expose Rigged US Stock Market
The world had spiraled into a panic amid reports of US-Iran tensions. A US airstrike attack killed a high profile Iranian, causing an immediate response-attack on US military bases in Iraq, earlier this morning. These events have, surprisingly, underwhelmed markets as the Dow Jones Industrial maintained track to reach new all-time highs.
In the same instance, safe haven assets, such as precious metals and cryptocurrencies, have given back just a bit of gains from the past few days. Despite the US having sent thousands of troops to the Middle East immediately after its airstrike, the US stock market recovered with low regard for the situation. I think some of us have an idea as to why the stock market remains persistent like a drug-induced zombie asking for a "hit" from anyone it comes into contact with. For those who have no clue to what I am referring to, look no further than the US Federal Reserve. It is a fact, that the US Federal Reserve has been expanding its balance sheet by pumping billions of dollars per day into the financial system to keep Repurchasing Agreement rates suppressed.
This manipulation of the rates, to which banks lend to one another, causes malinvestment and cash hoarding by private banks. This immense amount of stimulus had obviously made its way into the stock market as banks purchased stocks and corporations used the cheap capital to buyback their own stocks!
The effect is similar to a broken car meter that doesn't allow for a accurate measurement of how well the car is truly performing! Yet, and still, Gold has climbed to $1560, and Bitcoin has bounced up to $8000 as safe haven responses to market instability. If I were a betting man, I would go against anything that relies on going into deficits to: fund unnecessary wars; create fake markets; and inflate asset bubbles all while devaluing the paper currency we use.
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Dewon Trades
The stock market has been rigged for years and more so after 2008.
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