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re: The DOW has been on fire since Trump's election

Posted on 12/7/16 at 2:53 pm to
Posted by autodd03
Clown world
Member since Dec 2013
2532 posts
Posted on 12/7/16 at 2:53 pm to
The market has been on fire since march of 2009, less than 90 days into Obama's first term.
Posted by wdhalgren
Member since May 2013
3052 posts
Posted on 12/7/16 at 3:02 pm to
The market has been on fire since exactly March 9, 2009, the day the federal reserve officially started its policy of monetizing US government debt. Since that time, the federal reserve, the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank, probably the Bank of China, and various and sundry other monetary kamikaze pilots have been printing money in waves. They are all "stimulating" their economies by creating money out of thin air, keeping interest rates pinned below the rate of inflation, and encouraging tens of trillions of even more unpayable debt. The fact that the monetary inflation has been contained by carefully guiding it into financial assets and real estate so far is irrelevant for how this ends.

I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.
This post was edited on 12/7/16 at 3:11 pm
Posted by BayouBlitz
Member since Aug 2007
15846 posts
Posted on 12/7/16 at 4:01 pm to
quote:

The market has been on fire since march of 2009, less than 90 days into Obama's first term.


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