Propping up the credit market

More at http://www.BrasscheckTV.com Watch and listen three times and you'll hear some pretty shocking stuff.

These are hard core, conservative, no nonsense floor
traders who know the credit markets like the back of their hands. THEY are saying the government is propping up the credit market - and that some day it will have to end.

"This market continues to be propped up by government intervention and manipulation."

"They're trying to prop this market up on a daily basis and they're doing a good job."

"Every single day we have some kind of backstop from the government."

"These markets are not free markets any more."

"We're at a point where No capital transactions are getting done at all without some intervention from Washington and I wonder how we ever get off these vitamin pills."

And this key point:

"It's not really healing if you're just passing liabilities from private debt to the public debt - .from one balance sheet to the other."

Category:

News & Politics

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• Larry
• Levin
• Rick
• Santelli
• Chicago
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• Depression
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• BrasscheckTV.com

[DolphinFilms]

The mother of all bubbles will pop and destroy the dollar and our way of life.

[uncleardegree]

6. Learn to cook healthy food - grains and greens - and get acquainted with where your food comes from and other practicalities of survival

7. Remember that there's life beyond the consumerist frenzy that has characterized the last 30 years

If you think this is "alarmist" and "negative" do your own homework. The numbers don't lie.

[uncleardegree]

My recommendations are simple:

1. Stop spending money on non-essentials

2. Don't make any purchases (real estate especially) that requires credit and don't take on new debt

4. Save every nickel you make

5. Make sure whatever cash assets you have are distributed among several financial institutions that have the highest possible rating

[uncleardegree]

If you pay a visit on a friend and he has eighteen tubes in him and is on a ventilator, how healthy do you think he is? What do you think his prospects are?

[uncleardegree]

How to get ready

People often ask me where the economy is headed.

Isn't it obvious?

Here's the scoop:

1. The world runs on credit - and not just credit cards and mortgage loans. Shippers, manufacturers, miners, retailers, farmers...they're all dependent on credit.

2. The credit markets are still in disarray and the structural problems are on an epic scale

3. The only reason the credit markets are functioning is because they're being propped up by non-stop government intervention.

So u tel me

[uncleardegree]

key points con't...."It's not really healing if you're just passing liabilities from private debt to the public debt - from one balance sheet to the other."

[uncleardegree]

Key Points

"This market continues to be propped up by government intervention and manipulation."

... See More

"They're trying to prop this market up on a daily basis and they're doing a good job."

"Every single day we have some kind of backstop from the government."

"These markets are not free markets any more."

"We're at a point where no capital transactions are getting done without some intervention from Washington and I wonder how we ever get off these vitamin pills."

[endisnighe]

When the PTB decide to short stocks we will see the bottom. It is not far off. Fracking idiots, interest rates are controlled by the FED. They do not move by themselves. Get out of the market and invest in commodities that are not tied to the economy such as food or silver. Gold is manipulated too much. Silver is a commodity that is tied to techs, whereas gold is not. The stock market is ready to dive. There is no such thing as a jobless recovery.

[doc7474]

No healing at all is right, just shuffling the numbers. No one will deal with the problem and it's killing the world.