Economic4caster, Everything you said is true and exactly like you say it is.
We have to ask ourself if the political system is working to be part of the scam. I don't see things turning around . I feel we are in for another bank bail out disaster this year.
Your points are excellent and well thought out. Thank you for presenting them. However, there is another way to look at the situation in terms of what the Bible refers to as Mammon. There is such a large and insatiable desire to become S-u-p-e-r Rich in this country by any means and there are so many insiders that it was very hard if not impossible for the government leaders to hold back the screaming tide. They gave in and as a consequence many who should not of became unjustifiably rich.
I am unemployed and my benefits ran out this week, but i sent $250 to Ron Pauls Campaign for Liberty Fund. I put it on my CitiBank Card which I will not pay back, The way i look at it is i already payed them with my Tax/bailout money! In fact they still owe me money.
The DOW will make a run to at least 10,550 before November. This will get all the suckers on board and bidding up the stocks to ridiculous levels again. Then once everyone is all in, they are going to yank the rug from under the markets so fast it will make your head spin. Probably back down to 6000 or lower, which is still more than those stocks are worth by earnings and GDP.
I don't see any way around some serious inflation by spring. Someone has to pay off those foreign debts!
With respect to Peter Schiff in his Senatorial run, it is too late to believe voting works. America has been taken hostage, and revolt is the only way to shift power to the people.
The only way out of the national debt is to default on all international loans, become protectionist and hit the restart button on domestic manufacturing. Anything less will change nothing but merely prolong the misery of a dying economy.
Are the banks really borrowing the money from foreigners? There are Americans with tens of thousands even up to $100,000 in credit card debt!!!?!? (THAT certainly needs regulation!) That money isn't borrowed, it's conjured out of thin air. Is it possible that the banks are just making loans to each other at the current 0% interest, creating tons of new money out of thin air with which to "invest" in the stock market? And with billions in taxpayer guarantees, it's risk free! Truly disgusting.
I am impressed with your very eloquent , insightful and precise analysis of what is going on. I have been scratching my head trying to understand why the heck the market is going up when there is no real good news to indicate a recovery (job losses less than expected is not what I call an indicator of recovery).
Excellent post as always Tim, I am impressed with your measured calm detached analysis of the current economic situation. It is clear you have a very clear understanding of economics and that you will not be side tracked by politicians and the media painting a rosy picture.
The fundementals are truly awful, (public and private debt), and until it is resolved there is not a cat on hells chance of a recovery. In the UK Gordon Brown has finally admitted that there will be cuts im public services
They borrow the money, put it in the stock market when stocks are low, cause stocks to rise, sucker people with money to enter the market,(like my friend 50,000) then when the stocks begin to re-adjust, bam they pull the money out, stealing peoples wealth one last time, before the crash to DOW 2000
Markets are going up because of all the talk about Green Shoots, so a lot of desperate people (like those near retirement) are putting in money to try and ride the upswing in the next few years. Except it won't last that long.
The problem for the West is our economic model is based on spending and consumption, while China saves and produces. This is just unstainable, and will change because it will have to. To what is the question.
Most Americans will choose to do nothing. This situation will not change. But the banks are not the problem. We are the problem. We've let this happen over a long period of time, and we're the only ones who can change it. However, as I said, we won't change it. We're too reliant and dependant on the system as it stands today.
First of all taged is spelled t-a-g-g-e-d, and bate is spelled b-a-i-t. It's funny how you want to call me FUBrains.
This channel is intended to bring information about the under currents of the economy and the markets; this is information that the mainstream media does not report on. This channel is open for debate, but comments such as yours that are a direct insult and a waste of my time will not be tolerated.
Faber and Schiff ought to be tagging to the Economicforecaster. If you can't recognize good info when you hear it you should just move on without embarrassing yourself.
Very good video, but you lost me at: "write your congressperson". That would be a total waste of time. Our representatives in Washington have taken your pledge long ago.
oh i meant to mention that Matt Taibbi in "the great american bublle machine" article mentions the stimulus/Fed money being the next bubble. .seems we're in it now.
The FED is lending cheap dollars to Foreign banks as well as US banks. The foreign banks can borrow US dollars at 1% interest and reinvest that money in Foreign bonds paying 4% interest. The demand for cheap dollars abroad is enormous. It allows foreign countries to hedge their bets on their U.S. treasury bond holdings. The question is how far will the FED push the dollar. The Chinese are getting pissed and rightfully so. The only reason the markets go up is due to the fall of the dollar.
fuck yah it makes sense ive been trying hard to explain what is happening to people but other than saying it like you just did you cant express it, you cant put it in an easy format to learn, it is diffcult, but thank you so much for your time i wish you would post more so you can keep me up to date with what is happening, if anything when the sky starts to fall please email me directly.. i see no good out come from this.
At the same time, banks cannot really restart lending as well, 'cause the borrower mostly customer, will be unlikely to return the borrowed money(he is broke), and businesses are also not doing ok, with high unemployment, to make any good use of borrowed money.
Russia's Prime Minister Vladimir Putin, said other currencies besides the dollar should be used as global reserves to reduce the risks posed by swelling U.S. debt. Hmmm...
The stock market is another bubble. None of it is making any sense. It is more speculation. People who are trying to regain their previous stock market losses will just be slammed once again. It is really sad that they can't see it. Honestly, they are just all gamblers. I will definitely be paying attention to who did what in any upcoming elections. These people in office now act like they don't work for us at all. Perhaps they don't and we the people have been fooled.
As soon as you have participans in a market that have the ability to defraud others it is not a free market. It's like playing poker with someone that is allowed to see your hand. How about playing stock market with a trader(Goldman Sacs) that is playing the game and simultaniously acting as a broker for you.
Hence the motivation for banks and other big companies is to get bigger and have close ties with Washington, rather than to compete and improve upon quality and customer service. This enables them for a bail out by the Govt. from tax payers money. Honestly it is shameful.
you just say stuff you heard from Schiff reports.
freemind321 10 months ago
Why have you not done another vidio this year?
S1KRYD 1 year ago
Great video, I just discovered you and hope you will do more soon.
DaleElder11 2 years ago
@DaleElder11
I agree Tims post are Great
But they are becoming increasingly few and far between.
Wish he would let his subscribers know if he is not going to continue.
ABETRMAN 2 years ago
Economic4caster, Everything you said is true and exactly like you say it is.
We have to ask ourself if the political system is working to be part of the scam. I don't see things turning around . I feel we are in for another bank bail out disaster this year.
idatomhue 2 years ago
Great analysis, looking forward to an update!!!
johnnyone9 2 years ago
Five Stars*****
Tim you stay gone too long!
ABETRMAN 2 years ago
Your points are excellent and well thought out. Thank you for presenting them. However, there is another way to look at the situation in terms of what the Bible refers to as Mammon. There is such a large and insatiable desire to become S-u-p-e-r Rich in this country by any means and there are so many insiders that it was very hard if not impossible for the government leaders to hold back the screaming tide. They gave in and as a consequence many who should not of became unjustifiably rich.
MonteCristoRecords 2 years ago
I am unemployed and my benefits ran out this week, but i sent $250 to Ron Pauls Campaign for Liberty Fund. I put it on my CitiBank Card which I will not pay back, The way i look at it is i already payed them with my Tax/bailout money! In fact they still owe me money.
buzzz121 2 years ago 3
Very lucid video, from someone who understands the game! thanks
buzzz121 2 years ago
predatory system
GrapeXsoda 2 years ago
You nailed it
BLynchCAN 2 years ago 3
The DOW will make a run to at least 10,550 before November. This will get all the suckers on board and bidding up the stocks to ridiculous levels again. Then once everyone is all in, they are going to yank the rug from under the markets so fast it will make your head spin. Probably back down to 6000 or lower, which is still more than those stocks are worth by earnings and GDP.
I don't see any way around some serious inflation by spring. Someone has to pay off those foreign debts!
brown55061 2 years ago 3
Dear OP,
With respect to Peter Schiff in his Senatorial run, it is too late to believe voting works. America has been taken hostage, and revolt is the only way to shift power to the people.
pshinspections 2 years ago 2
The only way out of the national debt is to default on all international loans, become protectionist and hit the restart button on domestic manufacturing. Anything less will change nothing but merely prolong the misery of a dying economy.
pshinspections 2 years ago 2
Are the banks really borrowing the money from foreigners? There are Americans with tens of thousands even up to $100,000 in credit card debt!!!?!? (THAT certainly needs regulation!) That money isn't borrowed, it's conjured out of thin air. Is it possible that the banks are just making loans to each other at the current 0% interest, creating tons of new money out of thin air with which to "invest" in the stock market? And with billions in taxpayer guarantees, it's risk free! Truly disgusting.
JoshuaSethComposer 2 years ago
Economic4caster,
I am impressed with your very eloquent , insightful and precise analysis of what is going on. I have been scratching my head trying to understand why the heck the market is going up when there is no real good news to indicate a recovery (job losses less than expected is not what I call an indicator of recovery).
HHHGeorge 2 years ago
Excellent post as always Tim, I am impressed with your measured calm detached analysis of the current economic situation. It is clear you have a very clear understanding of economics and that you will not be side tracked by politicians and the media painting a rosy picture.
The fundementals are truly awful, (public and private debt), and until it is resolved there is not a cat on hells chance of a recovery. In the UK Gordon Brown has finally admitted that there will be cuts im public services
HarshrealistUK 2 years ago
OR how about this theory,
They borrow the money, put it in the stock market when stocks are low, cause stocks to rise, sucker people with money to enter the market,(like my friend 50,000) then when the stocks begin to re-adjust, bam they pull the money out, stealing peoples wealth one last time, before the crash to DOW 2000
AngriestAmerican 2 years ago 2
Well said Tim.
NowisEvollovetion 2 years ago
Markets are going up because of all the talk about Green Shoots, so a lot of desperate people (like those near retirement) are putting in money to try and ride the upswing in the next few years. Except it won't last that long.
The problem for the West is our economic model is based on spending and consumption, while China saves and produces. This is just unstainable, and will change because it will have to. To what is the question.
portantwas 2 years ago
Most Americans will choose to do nothing. This situation will not change. But the banks are not the problem. We are the problem. We've let this happen over a long period of time, and we're the only ones who can change it. However, as I said, we won't change it. We're too reliant and dependant on the system as it stands today.
veritasfiles 2 years ago
5*! good to see you back!
every3600years 2 years ago
This comment has received too many negative votes show
You taged us by a bate of Peter Schiff and Marc Faber, people like this want forcasting. Change your f name from Economic4caster to EconomicFUBrains
SergLLLL 2 years ago
First of all taged is spelled t-a-g-g-e-d, and bate is spelled b-a-i-t. It's funny how you want to call me FUBrains.
This channel is intended to bring information about the under currents of the economy and the markets; this is information that the mainstream media does not report on. This channel is open for debate, but comments such as yours that are a direct insult and a waste of my time will not be tolerated.
Economic4caster 2 years ago
Serg
you've got it backwards.
Faber and Schiff ought to be tagging to the Economicforecaster. If you can't recognize good info when you hear it you should just move on without embarrassing yourself.
frgtmygld 2 years ago
This comment has received too many negative votes show
Great! We know that already. What exactly are you fotcasting? And when? Why use tags like Marc Faber to waste my time?
SergLLLL 2 years ago
FIRST!!! Just kidding... Well summarized. How much longer will the game be allowed by the bond market. That is the question.
jocknomore 2 years ago
Very good video, but you lost me at: "write your congressperson". That would be a total waste of time. Our representatives in Washington have taken your pledge long ago.
LisaJ4Liberty 2 years ago 3
You forgot to mention the suspension of Mark-to-market. Banks assets are a total fraud
bj4paul 2 years ago
Excellent post Tim. Good to see you back. Thanks!
fal2grace 2 years ago
oh i meant to mention that Matt Taibbi in "the great american bublle machine" article mentions the stimulus/Fed money being the next bubble. .seems we're in it now.
fal2grace 2 years ago
$592 Trillion in Derivative debt.. Game Over. September 30, 2009. Lookout Rome is Burning...
traynickel 2 years ago
this latest stock market bubble may inflate beyond belief
LysSpooner 2 years ago
TIM WE HAVE HIT THE WALL!
Always look forward to your post!
Five Stars*****
ps:
CK OUT ( (KDENNINGER) latest
CAUTION: Monetary System Collapse
ABETRMAN 2 years ago
The FED is lending cheap dollars to Foreign banks as well as US banks. The foreign banks can borrow US dollars at 1% interest and reinvest that money in Foreign bonds paying 4% interest. The demand for cheap dollars abroad is enormous. It allows foreign countries to hedge their bets on their U.S. treasury bond holdings. The question is how far will the FED push the dollar. The Chinese are getting pissed and rightfully so. The only reason the markets go up is due to the fall of the dollar.
mainesprocket63 2 years ago 3
fuck yah it makes sense ive been trying hard to explain what is happening to people but other than saying it like you just did you cant express it, you cant put it in an easy format to learn, it is diffcult, but thank you so much for your time i wish you would post more so you can keep me up to date with what is happening, if anything when the sky starts to fall please email me directly.. i see no good out come from this.
REVOLTbydesign86 2 years ago
Banks are not lending, their investing in the markets, All the money printing is finding its way to equities. PE ratios are in the stratosphere.
optiontrader11 2 years ago
the banks are using the bailout money not to restart credit but to pump the markets and balance their books...
centervilletn 2 years ago
At the same time, banks cannot really restart lending as well, 'cause the borrower mostly customer, will be unlikely to return the borrowed money(he is broke), and businesses are also not doing ok, with high unemployment, to make any good use of borrowed money.
jahan07 2 years ago
great
toshibavoodoo 2 years ago
I have suspected the same for some time!! Thanks for the vid
becauseicare2 2 years ago
Russia's Prime Minister Vladimir Putin, said other currencies besides the dollar should be used as global reserves to reduce the risks posed by swelling U.S. debt. Hmmm...
InkedXyz 2 years ago
The stock market is another bubble. None of it is making any sense. It is more speculation. People who are trying to regain their previous stock market losses will just be slammed once again. It is really sad that they can't see it. Honestly, they are just all gamblers. I will definitely be paying attention to who did what in any upcoming elections. These people in office now act like they don't work for us at all. Perhaps they don't and we the people have been fooled.
66scjohnston 2 years ago 2
As soon as you have participans in a market that have the ability to defraud others it is not a free market. It's like playing poker with someone that is allowed to see your hand. How about playing stock market with a trader(Goldman Sacs) that is playing the game and simultaniously acting as a broker for you.
leninstreet 2 years ago 3
Nice analogy of poker.
Guess, rich gets richer, unfairly though.
Hence the motivation for banks and other big companies is to get bigger and have close ties with Washington, rather than to compete and improve upon quality and customer service. This enables them for a bail out by the Govt. from tax payers money. Honestly it is shameful.
jahan07 2 years ago
The whole situation sucks.
Thanks for the update. Good luck bro.
Jinxxed0 2 years ago
First!
Rook1515 2 years ago
Vote them OUT OF OFFICE.....
Don't take the Swine Flu Shot....
We must be united....
CleRoyster 2 years ago