Confirmed in FT Story - Central Banks invested (at least ) 29 Trillion in stocks So there is another Confirmed Conspiracy
Theory Fact.
Of course the ZH crowd comments go all Aelx Jones - blaming the cabal of bankers that a re maliciously trying to "own everything"
I doubt the rule of law survives the upheaval of the currency collapse -- "owning" will only have meaning if you (or your personal private army) can stand over it with an AR..and armies have to be paid with something..
I think its more likely that the the Banksters and other politicians and cronies know the end is coming, so they are just being more brazen in their looting - to get as much as they can and help their own before the bottom falls out. If I gave you a credit line with the fed - one you knew would never come due..because the Fed considered you Too Big Too Fail, what would you be doing with that 0% interest loan?
So you will continue to see company earnings continue to fall, and company stock evaluations continue to rise. Yes the banks will "own everything" including a lot of worthless paper of equity in defunct companies. Its all extend and pretend.
There was a bit of a comment war if shorting the inevitable collapse is wise (yeah a bunch of people are trying to make money this way still) Its going to go up, till it doesn't, and its a big crap shoot when, but I will "make money" just as money becomes worthless by shorting. Though I guess you could pay off dollar denominated debts with it if you were in the know. ..
Tick Tock. Tick Tock.
I do wonder how long we have.. saw one comment on a PJ Media article suggesting that collapse won't happen till 2050-2080, because we can sell 200 trillion in US Assets ( Federal Land, Offshore drilling rights ) - . As Michelle pointed out to me: If a farmer owes you a debt, and he sells his tractor to make a payment, does that give you more or less confidence he can make the next one? Argentina tried that and they collapsed again a few years later.. and now own none of their natural resources. .. not to say it won't happen here as a kick the can measure.. but again there is that - "who will buy it and how will they assert they own it when rule of law fails?" problem .. I just don't see it buying decades. If it doesn't completely spook everyone and cause a watershed panic , it would buy time, but it won't address the underlying issues - the debt will get bigger, 250 Trillion in CDS overhang would still be there, GDP will continue to fall, and foreign powers will continue to drop the dollar as a means of international trade.
I am still betting on 2-5 years before another "Lehman" magnitude event - confiscation of 401Ks, Capital controls, introduction of blue dollars/SDRs or whatever.. . The whole system may not collapse - on paper anyway - till 2050 or even 2080, as after all the whole point is presenting the illusion of a working system..and people are pretty stupid, and may continue to believe in it that long. But over time more and more people- especially foreigners who have minimal investment in the status quo, are quietly following Neo and leaving the matrix... and at some point the matrix just doesn't matter anymore with so few paying attention. The real point is the average American will have no savings and be reduced to living a 3rd world lifestyle within the decade. So when do we say the "collapse" happened? I am still going with 2008 - and its all been smoke and mirrors since then.
