I started this blog for one reason and one reason only: The stock, currency, debt, and commodity markets are manipulated as it gets. It got really bad in 2007 and pregressively worse in 2008 on…. I wanted to start a journal which points out the general fraud that I encounter in the markets and news on a real time basis. Stocks are heavily manipulated by the investment banks (who are ALL insolvent)… The real problem with the economy is that there are whole nations that are for all intents and purposes completely bankrupt, and many argue that the bankruptcies are created by design.
The talking heads on the media blame either the Republicans or the Democrats, but anyone with a brain can see that it’s the corporate board members all acting in their own best interests. The true culprit is GREED and greed is what drives the bankers to lend to the sovereign countries and get them to spend more than they can afford to spend.
It’s essentially a “distressed for control” investment in sovereign nations and it’s the Sun Tzu version of a hostile takover of whole nations. Who has the kind of money to lend to and then bankrupt whole nations? Corporate oligarchs… Now I am not some hippy telling you this because I ate too much acid, although I did eat acid as a high school kid and recommend trying it highly. That said, I am telling you this because I am an experienced money manager who sees the writing on the wall…
We are about to experience a financial crisis that makes 2008 look like a bad joke. Readers of several blogs and websites like Infowars and Zerohedge know that what I’m saying is nothing new… I view this whole Fraudtopia 2.0 as starting in earnest in the srping of 2006 — that’s when they decided to turn up the stealing… But the real problem started with the repeal of Glass Steagall… Glass Steagall essentially prevents banks from acting like hedge funds. What we have now is a global financial system that is leveraged 1000000000 to 1 and that equity sliver is about to go through a serious margin call if my analysis is correct.
I have been on the front lines of this crap for years, and I never liked any of it. What I know from experience is that the higher up you go, the more corrupt it gets. That’s a fact. Not all entrepreneurs are bad people, but the system is manipulated to such a degree via derivatives and debt that sovereign defaults are a given at this point and it’s hard to imagine that all of this happened by accident. It’s far more simple to assume that the bankruptcies of nations are a result of carefull and evil planning.
Somebody wanted the Greek islands for their portfolio and they gave Greece a hard money loan. The same goes with Italy, Portgula, Spain, etc…
So what happens if Europe goes bust? The banking system implodes, currencies are made worthless, and we get serious delfation except for gold and silver which could go parabolic (they already are going parabolic, but still…)
In the end, I started Hedgephone to help people that want to hear the truth prepare for the carnage that’s coming. Take steps to prepare yourself and your family. Don’t rely too heavily on a job or your 401K — instead be self sufficient and buy a small farm, learn to grow food, buy physical metals and real assets not paper backed by fraud.
Bonds, for example, are a terrible investment. Investors would be better off shorting bonds here than buying them.