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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (88710)	7/13/2009 1:22:41 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

My view always was that we had an enormous bubble, Ponzi finance, that was even supported and perpetuated by the Fed, for the benefit of banks and to the detriment of all others. Last year it blew up somewhat. This year the Fed plugged all holes and is monetizing the blow. It's still there, but the blow up is a Black Swan type event - err, unpredictable. The markets no longer trade freely, they are much smaller than derivative markets, so derivative markets now fully control the underlying markets. The banks are paying TARP cause they don't need it - they go to the Fed. In turn, several entities, such as JPM, BAC, C, and GS dominate derivative markets and are tied to the Fed, which gives them power to manipulate. They are using that power to gain unfair advantage in the marketplace. Last year a few boyz blew up due to leverage and the Fact that the Fed was "slow" to respond. That logic (and history) dictates that when this Ponzi scheme blows up for real, it must take down the Fed. The only thing comparable was what John Law did 300 years ago - and the scale was a lot less back then, perhaps. <g> So, I am "predicting" that the Fed + banks corrupt marriage continues to prosper while destroying the real economy, and that they will bid up everything with newly created cash - until the American people realize what has been done, revolt, and knock down the Fed. It may be too late by then, as the currency may lose all of its value.