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BigPennyHunter

07/15/16 2:16 PM

#54687 RE: StockItOut #54676

Honestly I don't have enough time(or posts) to help educate you in this matter. I have 15 years of experience in this field now.

A quick summary would be the central bankers are out of moves. 8 years ago, like you say, was the last major bailout attempt. Too bad they didn't let the systems collapse then, we would be much better off now. But instead they redistributed more wealth and made the near imminent collapse much much worse for us to go through now. Bailouts wont work anymore. They have manipulated every facet of the financial institutions and world markets as far as they could. Interest rates are at depression levels throughout almost all the industrialized nations, including America. All they can do at this point is print print print until implosion.

But yes, 8 years ago we should have went through the collapse that we will inevitably have to go through anyways. Except now, it is going to be on a catastrophic level. At least all of us will make a lot of money in the process hehe

jt6455

07/15/16 3:17 PM

#54692 RE: StockItOut #54676

Read the Ascent of Money and you'll be more informed than 99% of Americans. You can also read the Creature at Jekyll Island if you want learn about the creation of the Federal Reserve

Both should be required reading with every B-School curriculum imo