I should spend little time and energy on the release of 'news' snippets, or such things Mark to Market, and any other accounting practices. Anything of real value is known by really big money long before it reaches you and I.
Big positions have already been taken in the beneficial trend. All you get is the short reaction from the 'sheeple' who react the way which has been anticipated, and prepared for. It soon fizzles out after their fleecing.
Our only guide, certainly in the market as it is at present and will be for some time is to watch the action, the behaviour.
It has hardly been hidden that these large corporate leaders of industry and commerce today can get away with murder, and do. They are a protected species.
I would not believe ANY figures, or CEO and President's rhetoric.
Watch where the money flows, and watch the action. Actions speak
much louder than words.
America will survive, and come out OK, not to please me, or you. It is needed for some time yet as the only really viable 'tool'
to help shape this world in the way it's 'owners' want it to go. They, and they alone can, and will, ensure its survival. Wonder where the trillions went? Wonder where they mysteriously come from?
Knowing what that is, is all I need to know so that my life is not filled with anxiety, and the fear it can create when one is groping in the dark.
To him that is in fear, everything rustles (Socrates)
Fear has always been used as far back as the witch doctors, medicine men, court magicians employed by tribal leaders. People in fear are malleable and easily influenced. And there you have the answers as why each day we are fed a daily dose.
I know that a healthy financial industry is required, and fairly soon before the US can get moving, and if any of you doubt that
Bank of America will survive and be one of the leaders of the pack then re-read the heading of this page.
After reading, and digesting, the historical importance of a bank of this stature and with such a name, do you think they will let it go down.
I believe the same is true of 'Wells Fargo'. Can you reallyimagine an America without a Wells Fargo? Can you imagine an America without Donuts and coffee? No Donuts, no police force.
Happy Days
