It's a video interview
P.S. for you guys that will post saying this guys full of it take it fwiw...I know opinions are like aholes, everybody has one. I'm just posting it for those who might be interested.
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Depend how you look at it. Under the fiat system, there is 0 change the S&P will go to 400. The central bank will just inflate. Since most of the population only look at the DOW/S&P and not the DX, central bankers just going to devaluate the dollar to push everything higher.
I don't necessarily disagree with you but, never say never....as you are undoubtedly aware the market can be irrational a lot longer than you can be solvent trying to chase/catch it. If the markets do tank who can really say where they would bottom.
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Bernanke and his band of idiots will continue to create slavery as long as the people of America allow the Fed to continue unchecked and private.
The problem is that these guys assume that everyone else understands what they're saying. They don't.
Americans are largely dumb and uneducated to these sorts of issues.
So, Bernanke will continue to hand out massive amounts of cash, in order to artificially prop up the numbers....
That's the problem with a sugar rush/red bull bender....as long as you keep drinking red bull, there's no crash.
In the interim, the American people are the victims of what amounts to a tax on everyone in the form of the dollar's weakness.
Sure, it's great for exports and hopefully that translates into jobs....eventually, but it's largely a giant game of international chicken with these currencies and inflation rates.
Until the central banks around the world get out of the business of manipulating the markets, we'll continue to see these boom and bust cycles.
As Ron Paul put it, we've got cheap cash rewarding sugar high companies and production and eventually, when inflation sets in and you can't print any more money without a can of soda costing $5, and the people finally put their collective foot down, you'll discover that the economy really hasn't "grown" at all....it's all paper and funny money.
What he's essentially trying to do is restore confidence to the entire system while extending the blow that we took for our excessive indulgence in real estate.......
The term some smart people use is "pay now or pay later." It's kicking the can down the road.....
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