Why doesn’t the stock market crash?
The short answer: There is no longer a free market in America.
Every pullback is met with shouts of ‘buy!’ on CNBC and back up it goes. The market goes up despite the threat of war, a possible epidemic and lackluster performances of major companies (Netflix and Amazon are recent examples). It goes up despite high unemployment, lack of buying by consumers and abysmal housing starts. If an asteroid hits the Earth, would the market then collapse? Probably not.
Everyone knows why. It’s not a big secret. The Federal Reserve keeps things propped up with endless quantitative easing. They may claim they are ‘tapering,’ but that’s just a token. The Fed may talk about raising interest rates ‘down the road,’ but they are posturing. They cannot raise rates. The debt has become so massive that it almost transcends imagination. The debt level is nearing $18 trillion, with unfunded liabilities are $127 trillion (Source: Forbes).
Roughly every taxpayer owes over a million bucks. Raising interest rates would make the debt, which has already gone past the point where it could ever be paid off, unmanageable. Taxes would have to be raised drastically. The middle class and small businesses would, as usual, bear the brunt of that. Many global corporations pay zero in taxes thanks to our thoroughly corrupt system. Small businesses take the brunt. Raising taxes even further would bankrupt many. Many would be pushed to the edge into outright revolt. Maybe we should be revolting already, considering how crooked the IRS has become.
Ending the easy money and raising rates would crash the market. That would hurt those who own most of the stock market–the top 1 percent. After all, most Americans own little or no stocks. The middle class is going away and the poor are forced to accept food stamps in record numbers. Most people can’t afford stocks–especially at bubble prices. The mainstream media are saying the unemployment figures are low and the economy is humming along just fine and dandy. Try telling that to a jobless college graduate burdened with enormous debt. The job figures are cooked by government propaganda ministries. Real unemployment is over 20 percent. Housing starts remain stagnant. Industries have been sent to slave labor overseas. Real wages are stagnant while the cost of food has risen. Too many Americans live paycheck to paycheck and are burdened with credit card debt.
Meanwhile, the stock market keeps rising, so the media are barking ‘all is well!’ All IS well for those at the very top. Especially for the 1/10th of the 1 percent. Those that control the printing press make sure the money keeps getting printed and flowing into their coffers. That money doesn’t go to the middle class or small businesses. OH NO! It goes to the global banks and corporations who own and control everything and everyone–including Congress. It goes into the stock market and to the companies they own. They are doing quite well and probably hope that most of us ‘useless eaters’ just go ahead and die so they can enjoy their fantastic paradise of wealth in peace.
When will it end? It will end when the dollar loses its world supremacy. When King Dollar gets dethroned, then we might see some serious crashing. That’s why there’s endless war. Nobody is allowed to leave the buck umbrella. Certainly not Saddam. Not Gaddafi. Not even Russia.
It’s time to end the Fed. It’s time to end the sick plutocracy that allows a few at the top to get fabulously richer while most Americans get poorer. If we counterfeit, we get sent to prison. Those who own the printing press can do it at will and without accountability. Those at the very top definitely will not give up their private printing press without a fight. The Congress won’t end the Fed. After all, both parties are largely the same and owned by the Fed. They’re not on the side of the people. They’re on the side of the central banks that own the Fed.
That’s why we need a third party–the Libertarian Party.
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