What the update reveals is “a surge in net global central bank asset purchases to their highest since 2013.”
Apparently, corporations have nothing better to do with their money than buy their own shares. They are doing this in order to flatter earnings per share amid a complete lack of top-line growth and declining profits.
But it is not just Wall Street that comes out ahead. The entire Deep State complex is at the heart of the nonsensical, corrupt, and fraudulent system
Central banks have destroyed price discovery to prop up asset bubbles that serve the power of the privileged few, and a global financial system awash in trillions of dollars of hot money, unsecured debt, derivatives, shadow banking loans, petrodollars and sovereign wealth funds is chasing the next hot sector.
Raising interest rates is impossible today. These are times never experienced in financial history. The US Plunge Protection Team is losing control of the markets, and Sinclair warns, “They got the dickens scared out of them……
If this supposition is correct, it indicates that seven years of bailing out the big banks that control the Federal Reserve and US Treasury at the expense of the US economy has threatened the US dollar to the extent that the dollar must be protected at all cost, including US regulatory tolerance of illegal activity to suppress gold and silver prices.
The global financial system is literally booby-trapped with accidents waiting to happen owing to six consecutive years of massive money printing by nearly every central bank in the world. Over that span, the collective balance sheet of the major central banks has soared by nearly $11 trillion, meaning that honest price discovery has been virtually destroyed.
And in a must-see interview by USA Watchdog’s Greg Hunter, Michael Pento helps to break it down and explain it all in laymen’s terms. Give it a listen.
Stocks Close At Recordest Highs Ensuring ‘Confident’ Black Friday, Despite Macro Massacre…….If the unemployment rate is dropping so precipitously and we are nearly at peak employment, then why after swelling from 16 million to nearly 47 million has not the number of americans on food stamps dropped at all?