A lot of folks out there have been saying a lot of right things for years, you are not alone -g-
I've been saying this for more than a decade, blow huge banks up, Red Adair style fix for derivatives. Are we there yet? No. This is what blew up, and it will do it again, guaranteed. It's the cornerstone of all bubbles. We can't blow them up because of the mess that will result, so we save them. They grow bigger. This, and not corruption, was the sole reason why Bear, FNM, FRE, AIG were bailed out. Lehman wasn't, cause it was smaller, but it still caused and incredible mess that required 1.75 Trillion printing. The Fed got sick of doing that, so they wanted to try. What if NOT? They tried. We crashed.
Do you really think it's the PPT that runs the markets higher? Nope, the markets are so synthetic because nearly ALL volume comes from computer trading, record level.
usdcrisis.com
Derivative markets are of mind-boggling complexity, and I can guarantee the so-called "PPT" does not get the whole picture. In fact, nobody does, except that if one blows up, the whole system goes. The Fed simply cannot allow that to happen. |