UltraShort QQQ Pro (QID) (QID)

[Mygolfballs]

Get ready for some serious rich peeps portfolios to reallocate in stable places other than this Trump pumped fake market


Paul Craig Roberts before, former Undersecretary of the Treasury for International Affairs. He told me that what the Federal Reserve is doing these days is manipulating the forward market. It will go into Wall Street and it will say, “We promise to buy the Dow Jones average at 50 points higher than it is today, next week.” Well, once it makes a promise to buy, the speculators will see that and they will begin to bid up the prices to what the Federal Reserve promises to pay for the stocks. It can keep doing that, week after week and month after month. and it can keep pushing up the stock market. That’s how it pushes up the bond market by promising to buy bonds at a higher and higher price. That means that an existing bond will yield less interest income. They can just continue to inflate the economy with credit, like a Ponzi scheme. So the Federal Reserve is the official Ponzi scheme that keeps finance capitalism operating in the United States. Obviously, at some point every exponential growth scheme has to stop, because otherwise you’d have an infinite amount of debt. So at a certain point, the Fed will sit down with the main Wall Street firms and the main billionaires that are behind these firms, and say, “Well, you know, the game is over. We’ve got to let it go.” These investors will say, “OK, we’ll take the money and run.” That’s what a lot are all doing already. “We’re going to buy gold. We’re going to buy real estate in New Zealand, so we have somewhere to run to when the economy collapses.” They’re just going to drop everything, sell out and there will be a crash with the pension funds and the small savers who aren’t in on the game, losing whatever they have. https://www.publicbankinginstitute.org/2020/07/27/ellen-brown-and-michael-hudson-the-banks-vs-the-real-economy-on-its-our-money/