QE Magic Number: Central Banks $200 Billion Per Quarter To Avoid A Market Crash
Posted by freedomforall 9 years, 6 months ago to Business
Matt King - Citi's most respected strategist and the only person on Wall Street to warn about the Lehman collapse and its consequences before it happened, just said - if and when the global central bank liquidity tracker ever drops to $200 billion per quarter or less, the market will crash.
The article is talking about fiat, perceived value of pieces of paper, i.e., stock certificates, denominated in fiat currency created from nothing. The amount of fiat available and the false perception that is implied by prices buoyed by that fiat have been propping up the non-productive looter economy for years, just as the Soviet Union was viable to most until it collapsed under its own fraud, The share 'market' is a herd of followers, all using the same misleading indicators based on a limited number of equity prices that make up a few indices. Manipulation of those critical prices is possible and likely by those who would lose everything if their rigged game is completely exposed, especially when they are given the power to create virtually unlimited trillions of fiat to do so. Other large market participants assist the fraud because they have an economic interest; they produce nothing, and never will, but they profit as long as the rigged game continues.
All these people are out there fixing furnaces, keeping factories running, diagnosing/treating illnesses, designing the look-and-feel of Apple products or products that mimic them (almost all consumer products), providing sex and drugs, minding stores, and whatever; and then someone comes along and says you're not _really_ serving one another. It's all fraud and an illusion. That person who did this-and-that for you really didn't help you. The stuff you did to earn the money you gave her/him really didn't help your customer. Why the heck not?
http://www.youtube.com/watch?v=uI4fVgVVp...
Its a house of cards, just as it was in 1929, 1987, 2001, and 2008 except that this time everyone has a mortgage to pay on the house they couldn't actually afford, and no savings. It only takes a breeze to knock it down, regardless of all those burgers, ipads, and accountants preparing tax returns. Emotion and confidence cause markets to move, up and down. The downs are always steeper and faster, and they always overshoot real value.
I am not saying that this is the way it should be. But it is the way it happens today.