More about the Federal Reserve moves

[snappyturtle]

I found this interview most interesting and....sickening!

[BodieTown]

1. A Good Primer

I do wish the 99-percent would watch clips like this, as it accurately depicts what is really going on in the investment world.

These two guys are spot-on.

Be aware: The Fed announced its intention to reduce quantitative easing a long time ago, at least a year ago. This was a TIP to the big boys in the investment world that they could make money by betting on the decline of the market. This is what Goldman-Sachs does.

It doesn't take much to manipulate the market. The Dow, for example, went to about 16500...on very little trading (low volume). When the "little people" see such a soaring market, they decide to invest in it.

And what happened? The market is now down 5%, because QE (think of it as free money to the banks) is slowly being withdrawn, and the anticipated market decline is happening. Forget the daily swings, like what's happening today. As QE is withdrawn in the future, expect another 5% decline.

It's so patently unethical and slimy, so manipulated, so insider friendly. There's a reason so many of these creeps make a million a week (or whatever hoggish salaries they take home): They have the inside information, they know how to use it, and they always screw the little people.

We are left wondering how to preserve our wealth, if we avoid the slime of Wall Street. This clip doesn't give clear direction; I'm surprised that property ownership wasn't mentioned (location location location). It's being gobbled up by the people with money.

[zeemike]

2. They have already gobbled up the important property.

And soon will own it all...thus Feudalism will make a comeback.
The majority of people own a home on a small lot...and even if it is paid off it is more of a liability than an asset, because just to live there they have to buy water, fuel, and pay taxes on it, and it will produce nothing of value.

People are poor when they have no land...and that is most people in the US.

[snappyturtle]

3. I wholeheartedly agree with your last sentence.

Even though owning a home has it's costs so does renting. No matter
where one lives, rent or own, water, fuel, etc. is a common expense.
Renters are paying property taxes too....really, the taxes are just
someone else's but..........

At least owning, particularly if the property is paid off, is a hard
asset.

[BodieTown]

4. They Have Not Gobbled Up Everything...

...that's just not true.

I don't know where you are coming from saying that owning is more a liability than an asset. Anybody who rents is paying water, fuel, and taxes: Costs are always factored into rents. Taxes are deductible for homeowners, but not renters.

Even small amounts of land are good; agree with you on that.

The United States is not going to go feudal, at least not in our lifetimes. I doubt that, collectively, we would put up with living in Pottersville USA.

At some point, the plutocrats will overstep their perceived importance.

[zeemike]

5. Oh I think we are already living in Pottersville

We just don't call it that because the Potter is not a visible person.

But land used to produce the livelihood, now our home consumes it...and with no land that can produce a livelihood we are slaves to the bank.

If you had just 5 acres of land you would never go hungry and you could live and feed your family even though you were in poverty by our standards.
But live on a street in any city and lose your job and you are in big trouble...you will starve and probably eventually lose your property even if you own it outright.

But feudalism is when the King and his vassals own all the land, and the rest live on it at their pleasure...and we are a lot closer to that than you think...because all that wealth going to the 1% will be used to buy real estate.

[BelgianMadCow]

6. I'm very glad to see TRNN posted, snappyturtle

best video news bar none for me.

[snappyturtle]

7. Yes. Good source....one of my favorites!