The Debt Storm of 2008 Is Still Raging.
In this report I cover the early market action from London on Wednesday, June 20th, 2018. I look briefly over the precious metals, the stock market and the dollar.
I also look into the nature of our current debt based monetary system and how in the aftermath of the Crisis of 2008 we actually helped finance the our own debt bondage by being put on the hook for trillions of dollars in debt in order to keep the corrupt fiat money ssytem going.
I explain how under out present system of debt based money the bankers actually create loans or money out of thin air and how the huge government debts incurred after 2008 on the back of the tax payers are actually helping the bankers lend the money we lent to them back to us!
To conclude I look at former CNBC presenter Dylan Ratigan's rant in 2011 about how the corrupt money and banking system has extracted trillions from people into the pockets of bankers and their cronies. Needless to say Dylan Ratigan did not last much longer at CNBC after his epic rant.
Ratigan Rant:
Fact is that there really hasn't been any growth since 1970's -- we are still in stagflation and never really got out of it, just an illusion of debt. During 1970's we had low interest rates, high unemployment and low growth (stagflation) this shows the failure that capitalism is - for capitalism is based on consumerism and when all of the money is in the hands of the 1% it is impossible for this small group of people to spend enough to keep economy going. So, instead of dealing with the failure of capitalism the bankers and politicians did pretend and extend, how did they do this??? Well, Paul Volcker US Fed Chairman came in and in a few months raise interest rates all the way to 20% -- many business went out of business and the system cleaned itself out. The US govt could afford this debt because it's deficient was much lower under Reagan than it is now, so did govt act responsible? Nope, of course not -- the US immediately gave tax breaks to the richest 1% and started spending money on the military and social programs that the US did not have the money to pay for (deficiet has been growing and growing since). Then we had laws changed and capital expansion of debt was given to average person, credit cards, car loans, mortages ect. The lending into housing made house prices go up and this gave people illusion that they had money that was not really there (house has no intrinsic value for if everyone sold their house at the same time, or if the bankers would not loan money for house purchases that drive up the prices -- you would see that your house is not really worth what you paid for it). This allowed people to use their houses like an ATM and buy things with credit -- crash of 2008 happens and we have had no real growth since -- now average person is so indebted the can't spend anymore or take on anymore debt because their wages have not gone up . We are back in stagflation and all the money that the central banks print keeps interest rates low and allows corporations to buy back their stocks (which is not growth, it is price manipulation). Who owns most of the stocks (1%) they are getting richer because asset prices are going up and they own most of the assets. This is all an illusion, the emperor has no clothes and Mario is right -- buy gold, silver, and bitcoin. Get out of the fiat Matrix as much as you can. Good Luck!!
Interest rates have gone one way in last 30 years lower, the lower the interest rate the more it allows a person to borrow making the same amount of money. I sold mortages back in 2003 -- I saw that house prices are directly related to mortgage rates. Lower mortgage rates higher house prices, higher mortgage rates lower house prices-- remember keep eyes on debt not monthly payment.
Bitcoin is a tool that takes back the power of money from the Central Banks -- this is why they rail against it and demonize it -- Bitcoin gets you out of the fiat matrix and gives power back to people. Buy some -- even if it is just a small amount --- PICK UP THE WEAPON!! Bitcoin is a way to fight back -- gold and silver prices have been manipulated by central banks through futures markets and dumped naked shorts (bascially selling something that you don't have - it is criminal). I tell everyone PICK UP THE WEAPON that Satoshi Nakamoto gave the world to fight back with. It won't take much to knock over the Central Banks (they are an evil cartel ) we will never get rid of them unless people fight back by not playing their game. Money is what anyone believes it to be -- in prision it is cigarettes and in Nigeria people were using phone minutes to trade with because their govt money was so worthless and corrupt. Bitcoin is money and there are only 21 million every created -- it is better than gold because it is transparent (public block chain that everyone can see, and it can cross border without asking for a bank or govt's permission, they can't steal it from u either. When next crisis comes, people will lose money that they have in deposits in their banks. Just like what happened in Greece and Cyprus). Protect yourself by educating yourself -- bitcoin can free world, it really can!!
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It's amazing now how rates get raised and somehow they go down instead of up. I just can't get over how long this market has been able to maintain itself.
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