The equity market is a overvalued. Stocks are in a bubble that has been blown by the Fed's artificially low interest rates. The price-to-earnings ratio has left all semblance of sanity behind. The bubble is going to pop and it won't be pretty when it does.
Stop me if you've heard all this before. If you're a subscriber to the International Forecaster then you doubtless have heard it before. Numerous times. For the last several years. This is because Bob Chapman had the foresight and experience to see the writing on the wall when it came to the post-Lehman bailout and the Fed's emergency lending facilities and quantitative easing.
As he told me in any number of our conversations in the post-Lehman era, the bankers and the politicians in their back pocket were keeping everything moving sideways. They could do it for some time, maybe several years, but not forever. Eventually the piper would have to be paid. And so it should be no surprise to see where we are: the S&P and DJIA at record highs, P/E ratios that make no sense, consumer debt levels (and delinquency rates) on the ascendant once again, 10 year treasuries at 2.46% and a lot of ad...
Earlier this year the total student loan debt in the United States surpassed the $1 trillion mark, leapfrogging over credit card debt and auto debt to become the second largest debt burden in the country. Only mortgage debt levels are higher.
Like common brigands, central banks have been acting outside the law – their only real excuse being the supposedly higher purpose of economic necessity, a sort of Robin Hood-type operation where the ends justify the means...
...we have a direct role to play in choosing whether we want to remove the banksters' gun from the economy's head or whether we want to load the chamber and cock the hammer.
Dwight Eisenhower proved to us that the US isn’t beneath causing fake uprisings and assassinating heads of state... My suspicion is that we’re going to see an 'event' soon that gets all the blame for the US crashing.
The new law would require banks to compensate borrowers for their unilateral increases in interest rates and fees over the past decade. The law will cost the banks involved in these loans billions of dollars.
...the banking industry tied OMFIF's recent report on 'Global Public Investors' found that central banks and other large public sector institutions account for a staggering $29 trillion of investments in the markets, involving ownership of assets equivalent to 40% of world output.
The Times is bold to openly admit a dangerous truth: no matter what the data says, the economic elite are wary of returning to a “normal” economy because, quite frankly, people are easier to rule over when they're scared.
Rating agencies as the secret weapon of 21st century warfare. For years critics have made the argument that the entire 2008 financial crisis would never have happened without the active collusion of the ratings agencies in giving their AAA prime rating to the toxic mortgage-backed securities that were at the heart of the subprime meltdown.
That the German people seem to be better informed about the evils of the Fed than Americans may be surprising... but there may be a logic to it. After all, this is the country where a growing grassroots movement called “Repatriate Our Gold” arose in 2012 to force the Bundesbank to announce that they would indeed repatriate 674 tons of their gold holdings at the New York Fed by 2020.
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The creator of the International Forecaster, Bob Chapman.