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The Federal Reserve Just Made Another Huge Mistake

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The Great Seal Of The United States - A Symbol Of Your Enslavement - Photo by IpankoninAs stocks continue to crash, you can blame the Federal Reserve, because the Fed is more responsible for creating the current financial bubble that we are living in than anyone else.  When the Federal Reserve pushed interest rates all the way to the floor and injected lots of hot money into the financial markets during their quantitative easing programs, this pushed stock prices to wildly artificial levels.  The only way that it would have been possible to keep stock prices at those wildly artificial levels would have been to keep interest rates ultra-low and to keep recklessly creating lots of new money.  But now the Federal Reserve has ended quantitative easing and has embarked on a program of very slowly raising interest rates.  This is going to have very severe consequences for the markets, but Janet Yellen doesn’t seem to care.

There is a reason why the financial world hangs on every single word that is issued by the Fed.  That is because the massively inflated stock prices that we see today were a creation of the Fed and are completely dependent on the Fed for their continued existence.

Right now, stock prices are still 30 to 40 percent above what the economic fundamentals say that they should be based on historical averages.  And if we are now plunging into a very deep recession as I contend, stock prices should probably fall by a total of more than 50 percent from where they are now.

The only way that stock prices could have ever gotten this disconnected from economic reality is with the help of the Federal Reserve.  And since the U.S. dollar is the primary reserve currency of the entire planet, the actions of the Fed over the past few years have created stock market bubbles all over the globe.

But the only way to keep the party going is to keep the hot money flowing.  Unfortunately for investors, Janet Yellen and her friends at the Fed have chosen to go the other direction.  Not only has quantitative easing ended, but the Fed has also decided to slowly raise interest rates.  The Fed left rates unchanged on Wednesday, but we were told that we are probably still on schedule for another rate hike in March.

So how did the markets respond to the Fed?

Well, after attempting to go green for much of the day, the Dow started plunging very rapidly and ended up down 222 points.

The markets understand the reality of what they are now facing.  They know that stock prices are artificially high and that if the Fed keeps tightening that it is inevitable that they will fall back to earth.

In a true free market system, stock prices would be far, far lower than they are right now.  Everyone knows this – including Jim Cramer.  Just check out what he told CNBC viewers earlier today…

Jim Cramer was tempted to resurface his “they know nothing” rant after hearing the Fed speak on Wednesday. He was hoping that a few boxes on his market bottom checklist might be checked off, but it seems that the bear market has not yet run its course.

The Fed’s wishy-washy statement on interest rates today left stocks sinking back into oblivion after a nice rally yesterday,” the “Mad Money” host said.

Without artificial help from the Fed, stocks will most definitely continue to sink into oblivion.

That is because these current stock prices are not based on anything real.

And so as this new financial crisis continues to unfold, the magnitude of the crash is going to be much worse than it otherwise would have been.

It has often been said that the higher you go the farther you have to fall.  Because the Federal Reserve has pumped up stock prices to ridiculously high levels, that just means that the pain on the way down is going to be that much worse.

It is also important to remember that stocks tend to fall much more rapidly than they rise.  And when we see a giant crash in the financial markets, that creates a tremendous amount of fear and panic.  The last time there was great fear and panic for an extended period of time was during the crisis of 2008 and 2009, and this created a tremendous credit crunch.

During a credit crunch, financial institutions because very hesitant to lend to one another or to anyone else.  And since our economy is extremely dependent on the flow of credit, economic activity slows down dramatically.

As this current financial crisis escalates, you are going to notice certain things begin to happen.  If you own a business or you work at a business, you may start to notice that fewer people are coming in, and those people that do come in are going have less money to spend.

As economic activity slows, employers will be forced to lay off workers, and many businesses will shut down completely.  And since 63 percent of all Americans are living paycheck to paycheck, many will suddenly find themselves unable to meet their monthly expenses.  Foreclosures will skyrocket, and large numbers of people will go from living a comfortable middle class lifestyle to being essentially out on the street very, very rapidly.

At this point, many experts believe that the economic outlook for the coming months is quite grim.  For example, just consider what Marc Faber is saying

It won’t come as a surprise to market watchers that “Dr. Doom” Marc Faber isn’t getting any more cheerful.

But the noted bear at least found a sense of humor on Wednesday into which he could channel his bleakness.

The publisher of the “Gloom, Boom & Doom Report” told attendees at the annual “Inside ETFs” conference that the medium-term economic outlook has become “so depressing” that he may as well fill a newly installed pool with beer instead of water.

If the Federal Reserve had left interest rates at more reasonable levels and had never done any quantitative easing, we would have been forced to address our fundamental economic problems more honestly and stock prices would be far, far lower today.

But now that the Fed has created this giant artificial financial bubble, the coming crash is going to be much worse than it otherwise would have been.  And the tremendous amount of panic that this crash will cause will paralyze much of the economy and will ultimately lead to a far deeper economic downturn than we witnessed last time around.

Once the Fed started wildly injecting money into the system, they had no other choice but to keep on doing it.

By removing the artificial support that they had been giving to the financial markets, they are making a huge mistake, and they are setting the stage for an economic tragedy that will affect the lives of every man, woman and child in America.

  • Dow 25K in 2016.

    You can count on the FED to do the following.
    Penalize savers who can no longer invest in CD’s at a bank. They have to invest in a rigged Casino that can implode at any time.
    Enrich Wall Street at the expense of the middle class.
    Destroy the free market.
    Come up with nonsensical economic assessments and forecasts.
    Destroy the lives of millions of hard working Americans. The recovery is an oligarch recovery.
    Tell me Obama and Yellen am I peddling fiction by saying that a record number of American children are homeless, that Americans have $2.3 Trillion in credit card/student loan debt, small business creation is at a record low, that Walmart closed 269 stores, or that a record percentage of Americans aged 18-34 still live with their parents? Oh lets not forget that 62% of Americans do not even have $1000 in savings.
    Obama’s state of the Union address was a disgrace. The American government and the Federal Reserve are fiscally and morally bankrupt.

    • Liberty First

      Even my wife who – while she knows things are going to be bad – has teased me about my constant observation about rising prices at the grocery store finally admits that she notices it too. Today I bought spam, a can of it (yeah, I like the stuff) at 75 cents. Kid you not, it was 40 cents just last year. Go figure. This is reality.

      • Dow 25K in 2016.

        That a YoY increase of 88% for Spam.

        • Liberty First

          Exactly.

      • Alwaystomorrow

        Spam is high in saturated fat and sodium.

        Even if you do not have much money, your money may out live you if you keep eating like that.

        • Voldemort

          But it just tastes so dam good….

          • Amy

            Especially when you fry it with a couple eggs! :)

        • Mondobeyondo

          Spam is yummy enough!
          And it kept many a WWII soldier fighting – because they knew sauerkraut tasted better. Ha!

        • Mondobeyondo

          Spam and Top Ramen can keep you going for a long time, with barely a dent in the wallet…

        • SunnyFlaSnotress

          I tried the turkey spam a number of months ago, but it was still too spammy to me.

          • lincolnlincolnlincoln

            phuckyou

        • Gay Veteran

          as if either one has been proven to be bad for your health

          • sam

            well for someone who probably has aids you probably don’t care about your health. High Sodium has tons of proof of negative effects! you fool!

          • Gay Veteran

            sooooooooo, you can make an ad hominem attack but provide no proof for your argument

          • awb22

            that’s reduntantly redundant, sodomite joe.

          • Gay Veteran

            awwwww, Sodomite Obsessed Polly learned a new word

          • awb22

            oh, really, what’s that, sodomite?

          • awb22

            hahaha, if that isn’t hypocritical, there’s no such thing.

          • Gay Veteran

            oh noez, Sodomite Obsessed Polly now talking to itself

      • Mike Garland

        We all better get use to spam! It will be like prime rib eventually!

      • Priszilla

        Spam in UK is £1.25 per can. So consider yourself lucky.

        • Patti

          Spam here in NJ is $2.88 a can.

          • Annette Smith

            Patti, you are kidding me, right?

        • Steeve Girard

          Spam meat in Wallmart Canada site is 3.48$ + tax, which is 4$ CAD. Insane!

          • SunnyFlaSnotress

            7oz Spam is 2.00 on Walmart dotcom in USA

      • Rick

        And the real inflation we don’t notice is the size of the packaging might be bigger, or the same, but the size or amount of product you actually get, is smaller.

        • Bob Johansen

          I try that trick with the extra large prophylactics, but it doesn’t work :(

        • none

          Or the cheapest ingredients they can buy.
          Notice how much oilily slim you spit out?

      • Ramcamedd

        Wow, you got Spam for 75 cents! It’s $2.39 here…

        • sistersoldier

          I can see a lot of people enjoy Spam! LOL I do as well.

        • Mondobeyondo

          If you ask me, it’s not even worth 2.39 cents. Bleechh!

        • Annette Smith

          Going to the store this weekend. Don’t eat spam, but will have to check out what the current price is. This is just amazing to me. I watch the economy, or the state of it, by how many restaurants close down in my area. Three more big ones are gone. I am in Mesa, AZ. Our Fiesta Mall is pretty much toast, people tell me, but I have to go check it out..

      • sistersoldier

        What some may consider “junk food” or a lower-class staple item may soon be the main course across the dining room tables of America. And you are getting off cheap! Spam is 2.75 in my neck of the woods!

      • kathy k

        Spam in Michigan is $2.49 a can

        • bigskygrl

          Gee, all this talk of Spam and Top Ramen is like proving Michaels point… our country is toast.

      • Wedge

        I love it to, but it is 2.75 a can here.. :(

    • Mike Garland

      Hope and change; right?

      • sistersoldier

        Wish for Change would have been a more accurate campaign slogan.

      • Mondobeyondo

        2016… Hoping for Change

    • Mike Garland

      Whats really sad is that those who elected President O’fool are now going to elect Hillary. Basically the country is screwed!

      • Jazz

        She is going to be indicted. Get a clue

        • Rick

          No way in hell. The elites love the Clintons. I’m pretty sure the talk about her indictment is her indictment. In fact, when you see her wearing blaze orange, I want you to get on this blog and in bolder all cap letters, tell me “I told you so”.

          • Bob Johansen

            She will get indicted when she rebels against being a NWO puppet, which will never happen.

          • Annette Smith

            Rick, I think that the FBI will call for indictment. That is Obama’s way of taking care of his “Clinton” problem. He loathes Bill and he really does not like Hillary. If he pardons her, or does not indict her, he makes more of a mockery out of his administration than he already has. Being Hillary’s savior is just not what he wants on his record.

          • Rick

            I do hope you’re right, but don’t believe you will be since it’s totally out of Obamas hands. This will be decided a level or two above him.

        • CharlesH

          YES – Hillary for Prison 2016!!

      • Mondobeyondo

        I’d vote for Tony the Tiger if he was running… Why? Because the other candidates are just frosted flakes.

      • SunnyFlaSnotress

        I look forward to Hillary.

        • lincolnlincolnlincoln

          youlickcock

    • http://solipsistic.net Greg

      Did anyone force you to take your loans/ debts? You are free people in a free country. Don’t blame everyone around for your mistakes.

    • Steeve Girard

      Right on.

    • Mondobeyondo

      Obama doesn’t care. Miss Janet, the Head Fed, doesn’t care. Pretty much the entire 2016 presidential candidate field don’t care. They have money. They have savings. They are not homeless. They don’t worry about where to get their next meal.

  • Liberty First

    The thing that is hard here is that the FED must eventually raise rates, it has to do so at some point. If it continues to wait, the crash could be even worse.

    My preference would be for Yellen to come out and admit they erred, explain why rates must go up or at best stay neutral, and then demonstrate sincere sorrow for the pain that her institution, the FED, has caused. At least there would be some semblance of honor doing that.

    Peter Schiff believes that the FED lacks the guts to continue raising rates and that it will in fact begin lowering them again. That will be when the real fun starts.

    Sleazy, oligarchical SOBs.

    • Marty Mann

      Peter Schiff predicted that they would not raise rates at all. I dont put any stock into his predictions.

      • Dow 25K in 2016.

        A lot of what he says does make sense though. The market is so rigged and manipulated. Gold and silver should not be at the price points they are.

        • messianicdruid

          Right, back up the truck!

    • Mike Smithy

      The FED has boxed themselves into a corner. They can’t raise rates in any meaningful way even if they wanted to.

    • Bob Johansen

      See, you are informed but %99 percent of people don’t even realize that the Federal Reserve Bank is not a government institution. Jimmy Kimmel has a skit where he goes on the street and finds many people who can’t even name the Vice President. They can’t admit blame because it will causes “glitches in the matrix” aka the illusion to falter. The cannot accept blame for the economic pain and stress people are in, because then people will take notice. If just %25 of people even knew wtf the FED was, it would be audited and ended within a few years. Like the bible says in some many words: this entire world is based on deception and lies.

    • Steeve Girard

      He is wrong this time, they do this to force cost of borrowing, to reduce resource exploitation. That will kill inventory surpluses, eventually.
      .
      He will become right again when inventories will return to controlled levels.

  • Duh

    “History tell us that all fiat money eventually will turn its value to zero anyway. so, lets abuse it while its still have a value!” – Fed

  • Marty Mann

    Like I said before, Im not holding my breath waiting for this “economic collapse” to happen. Ive heard this song and dance for years. Im not saying it wont happen one day but the author loves to make it sound like its right around the corner and raised red flags for the last 6 months of 2015. As far as Im concerned nothing that significant has happened yet. If somebody keeps predicting a storm over and over eventually a storm will come and people are dumb enough to say “how did he know”?

    • Guest

      If you have such fundamental disagreements over Snyder’s analysis, why do you keep coming back?

    • Robert

      With respect, if you have lost your job, eaten thru your savings and are in your sixties, then you have suffered a collapse. Millions of citizens are in a collapse. Whether we see a national one is wait and see. There is no denying the ugly facts of trillions in national debt and hundreds of trillions in the dreaded derivatives world. I hope that Michael is wrong in a big way. People were hoping that there would be no WWII and one that the USA would not become involved with, but it finally did occur. The stock market in my opinion is not the canary in the mine given its artificial manipulations. There are other indicators of crisis. I think Michael may focus too much on the stock market which generates heat in the comments to no real end. It does not matter whether anyone believes or disbelievers someone claiming to be making money in the current markets. I watch what Jim Rogers and other big players say and do. Not some anonymous commenter.

      • messianicdruid

        Better to be 17 years early than one day late.

        Gold is a sapling, silver is an acorn.

      • Bob Johansen

        The market the biggest best indicator for macro psychology and morale. Economics generates numbers but those numbers are generated by flesh, blood, and hormones. I used to have facebook and watch sitcoms, then I got into politics, then I realized that that is a sitcom too. I find economic and market blogs are the only way to really find out what’s going on in the world.

    • shadows_edge

      Stop looking for the one stop event… its trends you need to look at. Something did happen mid october thats why we are seeing what we are seeing now. There is always going to be lag from when something happens and we see it in the markets. You must have missed the part where the market is down 2000 points from its peak.

      Baltic dry keeps dropping to new lows, give it a few months and we’ll start seeing inventory issues at the stores. I work in retail at a major home improvement store and can tell you for sure shipping is slowing down we aren’t getting nearly the amount of trucks and freight coming in as we did this time last year. That and the number of people using/signing up for credit cards is insane people can’t afford to by stuff so they put it on a credit card and worry about it later.

    • bigskygrl

      The great depression stretched out for two and a half years from top to bottom until it finally lost 89%. By the time it hit bottom, many folks who weren’t invested in the markets still hadn’t known the half of what had taken place because the financial journalists of the day were still painting pictures of rainbows and unicorns. History is always repeats itself, in one way or another.

    • Jazz

      I agree. The markets are in a correction. It is heathy for this long term bull market. Now that oil is stabilizing we should see the markets snap back and hit new highs in 2016.

      • SP2300ROFL

        Roflmao

    • ONE WHO KNOWS

      You’re entitled to YOUR beliefs. However, the man-made system we have come to know IS unraveling. It will not UNRAVEL like a big Hollywood Blockbuster film. It is slowly unraveling right before our eyes. Mark 8:18 “Having eyes, see ye not? and having ears, hear ye not?…” No one can make YOU see or even believe anything. I AM a stranger in cyberspace. Heck, we’re all strangers posting our THOUGHTS. But how can so many, many of us converge upon the same spot day-after-day KNOWING and FEELING in our HEARTS that something is amiss??? SOMETHING IS GOING ON. Of course, Michael or any other human being cannot pinpoint the exact time, date, month, year things will go haywire, Michael (and others) just KNOW that it’s coming. So, once again. BELIEVE as YOU wish.

  • K

    Are you sure the Fed is making a mistake? The Government of the U.S. no longer represents the common man. The Government represents the elite, and themselves. What if the Fed is doing the same? What if all the people the Fed cares about, are out of the market? They know it has to crash at some point. Why not crash it, when the special people are mostly on the sidelines? In short, I am not sure it is a mistake.

    • kfilly

      Yes, the Fed is knew of the tools to force a communist state. Karl Marx had a central bank as one of his 10 planks of communism. This isn’t about working to help the people. It is working to impoverish the people so that they become dependent on the state.

      • Bill G Wilminton NC

        well said………..exactly correct !

    • Mike Smithy

      It’s all contrived by these sociopaths. From President Zero to Yellen and on down. “Operation Bagholder” commenced in earnest last fall and gained momentum earlier this month. The primary responsibility of CNBS shills like Cramer is to peddle the notion that everything is rainbows and unicorns, so that the mom and pop retail investors don’t get spooked and maintain their positions only to get soaked in the end. Same as it ever was. Meanwhile, Cramer’s masters are selling stawks and covertly buying physical PM’s at artificially low prices. It’s all part of the plan. However, I lack sympathy for anyone that is still in the stawk market. They deserve a massive haircut because of their stupidity.

      • Jazz

        Do you read what you write before you post? Do you think before you speak? Never mind, there is a cure for your ignorance.

        • Mike Smithy

          When are you going to stop drinking the Kool-Aid. It’s poison.

          • Bob Johansen

            Yea, but the negative effects only kick in after Toto pulls the Wizards of Oz’s curtain down. Come onnnnnnn Toto!!

          • sistersoldier

            Momma Fed “Yoda” Yellen is holding the leash!

          • Bob Johansen

            I hope that leash is made in China, and tears!

          • Steeve Girard

            lol!

      • Steeve Girard

        I do not think it’s going the way they want for either party. So I would advice more observance. The way I see it, their plans already hit filer 13.

    • Ozymandias

      Yeah, they may be able to levitate the markets until March, but the bodies are gonna hit the floor by summer. I am underprepared in a big city honestly pray for me

      • K

        Consider the prayer said. You should try to put together a plan to leave the city, if necessary. I know most do not think, they will be able to get out. But if you have a plan. You will be acting, while others are still deciding, what to do. That may just give you enough of a head start.

      • sistersoldier

        Will do.

      • SunnyFlaSnotress

        I’m moving directly to the city in a little over a week. It’s not inner city, but I still look forward to it, and I’m not really worried. When someone offers me prayers, I’m like.. meh..

        • lincolnlincolnlincoln

          youareeffeminate

      • Annette Smith

        Been seeing more people that are high on drugs around….told my son that we are going to see more of that as the economy continues it’s downward plunge. People are losing hope.

  • Dio Jones

    Lincoln and JFK were going to do away with the Federal Reserve… See where it got them…

    We must always be a light shininginthedark

    • Bill G Wilminton NC

      not lincoln but Kennedy

      • Bob Johansen

        Yea but wasn’t the greenback going to replace the FR dollar?

        • Bill G Wilminton NC

          Respectfully the Fed Reserve act was passed in 1913.

          Kennedy was responsible for something called a silver certificate and this certificate bypassed the Fed. They were recalled after assasination

          Lincoln greenbacks were not connected to The Federal reserve but they were Federal issued I believe.

  • winnie the pooh

    The biggest mistake that the American people can make is the belief that the government and all its cronies that work for any government agency will take care of joe citizen. How can joe citizen believe the hypocrisy that has been shoved down our throats by any government official for so long. This country has seen its better days and no matter what is done by the Federal Reserve, or any department within the government the S #$t will eventually have to hit the fan and it will blowback on joe citizen. The “GOVERNMENT” will play the blame game for years as we struggle in their mire, and the only looser will be joe citizen. It has been that way for over 50 years and with the corruption and the mentality of government officials at this time no one will be spared. If the government wants to continue to shred the Constitution and Bill of Rights to fit their agenda; do you really believe that they are going to worry about yours or mine or anyones but their own financial woes? There is no longer a middle class to pay for their mistakes, most people are on some form of government substance, and the majority of Americans hate the government anyway. Believing the government cares about joe citizen is like believing in the tooth fairy and santa clause.
    A person’s true charter is revealed by what he does and how he or she treats their fellow man, but all I can see from this “GOVERNMENT” is lies, corruption, and deception.
    Yes the Fed may change the rates in March, during the Summer, or even after the November elections… but when ever they do it will not be for the good of all mankind but for the ELECTED FEW.

  • GetReal4U2

    this wasn’t a “mistake”…the feds do what higher up’s tell them to do…

    • Ozymandias

      It’s just crazy to me that they are going to so transparently crash the system. And then what ?? say it was an accident again like 2008, I don’t know if that is gonna fly with the American people this time around no bail out. So here comes the bail ins it’s they’re only card left to play.

      • Ricardo

        Its called a “reset” on the elites terms.

  • Mike Garland

    Michael, I don’t understand why you say the fed is making a huge mistake by raising interest rates. Isn’t that whats needed? This bubble needs to pop and we need to except the error in their ways and work through this; correct?

    • tj

      Agree. Michael laughed and complained about quantitative easing now he complains when feds want to get rid of it.
      Also..up to this point its been a relatively smooth landing.
      It wont collpase.

    • Priszilla

      That’s Michael. There is gloom when the dollar rises and there is doom when the dollar falls. The world will end when the stocks rise and there’ll be armageddon when the stocks fall.

      • SP2300ROFL

        You got that right for sure :)

      • Bob Johansen

        Now if all the fakers and bums on welfare would do that, maybe we would be somewhere.

      • Steeve Girard

        Michael has the same problem as most business people have. They like stability. He is right that any change will create a huge bunch of losers. And that is reality. He denounces it, with most of times being right. But with of course too much zeal.

    • sistersoldier

      Death and destruction will become a part of our future in a way unlike we have ever known when the populace perceives the “pop”. I believe that it has already occurred in the financial markets and we are just going through the after shocks. The shot heard around the world has already been fired. There are many who are not able to handle a life without amenities, necessities, medicine, transportation and it will be enough to drive some of them completely insane. Can you imagine a world gone mad? Most of us can’t because its easy to say that you can live without something when it is readily available. However, its a whole other argument to want a cold drink of water but you are afraid to drink it as it may kill you in an uncivilized and broken world. That is the future we face under a deliberately destroyed societal infrastructure caused by an economic collapse. The only reason the wolf has not bared its full set of teeth is because God’s mercy said, not yet…..

      • Steeve Girard

        Maybe we should cease to be merciful with those who screws with life itself. Let them fail, let them die, let them crash, let them burn.

        • sistersoldier

          Oh, but my good man we must continue to be merciful if we are to receive mercy in return.

          • Steeve Girard

            Well mercy in a lot of cases, gives a too big occasion to weakness.

          • sistersoldier

            Touche’

          • Gay Veteran

            no mercy for Wall Street banksters

  • Brad L. Burge

    Correct.

    Why now? Read the free book Satan’s Hoax.

  • Jazz

    Facebook, Amazon, Netflix oh my. We are off to the races! Hope you kids have your rally caps on. Nice to see the markets charging back. Who says the bull market is dead? Lol

    • SP2300ROFL

      Tell them how great aapl is again ROFL

      • SP2300ROFL

        FWALKER15
        6 months ago
        They’re calling that a top technician? Kindly allow a novice to take a shot.
        A quick glance at the fundamentals shows that on a trailing basis AAPL currently traded at 3.26 x gross sales and 5.36 x book value. Generally I would x out goodwill and intangibles from that book value however given it is the worlds beloved AAPL in this case those figures will remain. Although the increase from approximately 1.57 billion in goodwill to 4.6 billion in a single year seems “noteworthy”. Moving along the balance sheet shows 33.4 billion cash and 43.8 aggregate debt. The current ratio at 1.16 reflects another caution signal to a novice like me. And now the real dilemma: in my novice analysis top line has growth trajectory appears to have gone from approximately 9% to approximately 7% and next 12 months forecasts 5.6%. Bottom line forecast is approximately 8% net income growth rate from $9.06 this year to $9.74 next.
        That being said, the technicals appear that the stock has attempted to consolidate and build a seven week plus base at 122 a few failed breakout attempts and a retracement back to the previous seven week consolidation base level seems very probable to me. Then comes an old technical analysis adage this novice believes holds: 80% of the time a stock holds $80+ price level it will test $100 and vice versa 80% of the time a stock price violates $100 it likely tests 80 range. So given a better than perfect performance of beloved AAPL achieving the $9.74 net earnings x the 8% growth rate the low end of the overshoot range of 80-85 per share would not surprise this novice. Given a reasonable P/E/G of 1.5 then $117.4 with downside to 80s seems more likely that the top technicians $140 range target. IMHO

      • Jazz

        I have never endorsed apple fool

      • SP2300ROFL

        Soon you will hide from your ridiculous amzn nflx and fb foolishness as well Pinocchio. Roflmao

    • SP2300ROFL

      fwalker15 andy
      5 months ago
      I would be careful with FB they may still have 20-30% upside IMHO if they make or beat that 2.75 EPs vs 2.05 and that p.e.g. ratio 1.5 isn’t so negative and technically that price smack in the middle of sweet spot 80-100 is dangerous for bears. 80% of the time they test and hold 80 they test 100 and looks like 80+ held last week too so if any short squeeze then 100-115 wouldn’t surprise me. I could be very wrong but jmho :)

    • SP2300ROFL

      Tell them about djia to 20,000 again roflmao

      • Jazz

        It will happen in 2016 fool. Watch and learn rookie

    • MaxRockatansky33

      Derally caps hmm.

  • SP2300ROFL

    FWALKER15
    6 months ago
    FWIW
    AAPL is still priced at 3x revenues and 5.38 x book value (usually I would x out the 4.6 billion goodwill and 4.1 intangible assets but its darling aapl so leaving that included). The current ratio is 1.09 (IMHO that’s not a major plus). Going forward looks like they anticipate about 233 billion revs this year and 244 billion next about 4.9% top line growth. The gurus estimate 8.98 per share net this year and about 9.64 per share next; 7.35% bottom line growth? Wonder why its sliding? 9.64 x 7.35 = $70.854 (p.e.g. at 1) add your own premiums as its darling aapl. Another old technical analysis adage: 80% of the time they test and hold 80 they test 100 … AND VICE VERSA). Let’s hope Mr. Worth’s work holds or see you at AAPL 80s as the streets likely going to want to look very critically for two consecutive better than perfect quarters as that’s where darling is priced (IMHO) You can research and generate an Andrews Pitchfork Analysis (I’m too lazy) if you want to get more precise PS I never provide legal tax or economic or investment advice or services whatsoever. Consult your professional for that. I’m just here for laughs. Good luck bulls :)

  • J.C

    There will be a huge jump on FB stock today because it has doubled its earnings since last year, so I wonder, is their revenue report real considering the gloomy economic downturn in 2015?

  • SP2300ROFL

    SP2300ROFL 6 days ago
    SP2300ROFL mtntrek3 8 hours ago
    One or two more rate hikes will set the trajectory on the yield curve then a well orchestrated 25-35% decline in key indices will grab mainstream media headlines to shake out the rubes. Then a long term sustainable economic and equity market advance will commence. Same old cycles just fresh rubes…

    • Jazz

      Do you just like to hear yourself talk? Even when you are alone in a room you are still not the smartest in the room. Let that sink in. ROFLMAO. May you and Creepy Pedro get a clue

  • SP2300ROFL

    SP2300ROFL 4 days ago
    SP2300ROFL
    4 minutes ago
    Let’s get some fast and dirty technical analysis out of the way cause I’m too lazy to do any detailed analysis and high emotions likely overshoot anyway. Recognizing momentum is measured on weekly close changes on percentage basis. If the sp500 closes up 30 points next Friday bulls have regained momentum. If the bears can achieve volume reversal and sp500 gives back 85% of last weeks gains or about 27 points then expect a retest of last weeks lows. Seems like 3 confluences at 1872.4 maybe that holds. Any close above 1972.5 should see run to 1998+ like a magnet. As usual though its all about the evolution of the incoming data – my new favorite saying on this 90%+ algo driven technical analysis dream come true environment. As usual any geopoli or exogenous event can knock the stuffing out of the piñata. Jmho :)
    Watch and learn doom and gloomers :)

    • Jazz

      The only watching and learning the doom and gloomers will get from you is an example of a fool who goes bankrupt. ROFLMAO

      • SP2300ROFL

        Keep telling yourself that while posting your ludicrously funny market notions. Thanks again for the laughs Pinocchio ROFL

        • Jazz

          Lmao you are pure foolishness

    • Steeve Girard

      Nope… that is too short sighted…. it will not work.

  • SP2300ROFL

    an hour ago
    After some volatile days of reallocations out of past years assets held over through yearend and redeployed – a ‘normal’ week of back and forth volume reversal tests has left nearly every spin doctor and carnival barker flummoxed. Excellent comedy watching them scramble to find some rhetoric to explain away why they’re so far behind the curve…. again proving beyond any doubt how much they do not know.

    • Jazz

      Lmao. You are too clueless for words rookie but you provide great comic relief. Thanks for the laughs!!!!

      • SP2300ROFL

        Meanwhile in the real world you have not made a single accurate forecast in the four months I’ve seen this site roflmao

        • Jazz

          Guess you don’t pay attention then. I said last year the dollar was getting stronger. Short oil, emerging markets, especially China and Brazil. All of those 3x inverse etfs are up 50%+ since I made the call.

          • SP2300ROFL

            Go ahead and cut and paste the original comment Pinocchio because that recent lie of yours began last week – not last year Pinocchio

          • SP2300ROFL

            **** crickets ———–

  • Priszilla

    There is always someone whining.

  • Yawn

    I think we give the fed much more credit than they deserve…they do not know what to do but have to do something…they here the stampede but are in the dark and do not know which way is safe to run but ru they must

    • SP2300ROFL

      Keep guessing you’re better suited here with these clowns than getting laughed off the CNBC site daily :)

      • Jazz

        Says the dude who is too clueless for words. Love it when clowns call others clowns

        • SP2300ROFL

          Meanwhile my accurate forecasts are posted here daily – juxtaposed to you ridiculous misses makes for excellent comedy :)

          • Jazz

            Yeah I made 50%+ shorting oil, brazil and china. Now making 40%+ going long oil, S&P, and emerging markets. Hate making money fool!

          • SP2300ROFL

            Meanwhile you can not show a single comment regarding that prior to last week Pinocchio

          • Creepy Pedro

            He’s the equivalent of CNBC’s drace and SCOX at marketwatch.

          • sistersoldier

            CORRECTION: Your accurate ignorance is posted here daily……

        • sistersoldier

          Good one!

      • Yawn

        hhahha cnbc blocked me for saying the fed has its head in each others bottom! then the crash happened just like i said..gold is flying off the shelf and i have been right all along….hehhehehehheheh..just keeping buying the rallys

        • Steeve Girard

          lol!

        • SP2300ROFL

          You were there two or three days ago I’ll cut and paste some of your comments if you’d like and there has been no crash since nor has gold been flying since. The level of fiction- a kind way of saying it- is off the charts on this ridiculous forum.

          • SP2300ROFL

            Yawn The Ghost of Perv lil a day ago
            just want to make sure fed see it! you know they are clueless

          • SP2300ROFL

            Discussion on CNBC 1422 comments
            US stocks open lower; Boeing weighs ahead…

            Yawn a day ago
            Trump sticks it to fox..advertisers rushing to cancel or renegotiate price after Trump bails……
            1 Reply View

            Yawn a day ago
            meanwhile in america
            I
            was reading your alerts where the railroads are storing their engines.
            Here is some pictures of our yards in Gillette. They have taken all of
            the fluids out of the engines and taken out the batteries for long time
            storage. We have rows of them here. I was told we have shut down and
            stored over 1700 since Jan 1.2016 system wide, and may shut down a lot
            more for long time storage. I didn’t count them, but I bet there are at
            least 200 here in Gillette for long time storage. 2 years ago as a
            railroad we were 500 engines short and couldn’t get enough of them. Our
            coal industry here has also taken a big hit. Our tracks are empty now
            compared to 6 months ago. Gillette is being hit hard with the oil and
            coal going down.
            Reply View

            Yawn DRACE1948 a day ago
            you dont someone else does!
            Reply View

            Yawn eric1976

          • SP2300ROFL

            Right out of your own profile ROFL

          • Yawn

            yeah let them know i was block by the rag dish cnbc.. they try to hide the truth and i am a truth warrior!!!! hehehehehhe no big deal cnbc is not watched or followed by many anymore…we switched channel at the office. so no more cnbc…

          • Creepy Pedro

            CNBC is no different. You have 3 dudes there with 10 diff names posting as contrarians. I’d say the posters on that forum needs more meds than this one, both are strange tbh.

  • billtheguy

    It has to collapse, and the Fed sees no way out this time. I just don’t like what’s on the other side- NWO.

    • Bob Johansen

      and on the otherside of that…. Jesus’ Kingdom.

      • REALIST

        Correct. Until we have mass starvation, children dying, people suffering and the entire world engulfed in hate, fighting, killing and disease, we won’t receive the love of Christ.

        • Steeve Girard

          For the love of the Gods! Wiener worship is not solving anything!

          • Gay Veteran

            well, I don’t know about that
            😉

        • Bob Johansen

          Do I sense a hint of sarcasm? This experience is only temporary. Jesus never promised you anything in this world except comfort from the holy ghost. He already loves you. This is only a test, and will be over before you know it. By the way, maybe not where you live, but most of the world is dealing with all that already.

        • Bill G Wilminton NC

          Mr Realist sounds to me that you have not read The Bible. So that makes you like a geography professor who has not studied the maps or ever seen a globe of the world

          And to make matters worse you are not receiving this info but are right now snarling and gnashing your chiclets. But relax I am not a preacher but a Biblical researcher and you do not have accurate info…. or your maps got wet or your globe is lopsided.

          Jesus whose real name is Yeshua is God in the flesh and HE did not create this world, universe, and all you see TO BE this septic tank that we live in. Fallen man made this and THIS is only going to get worse until Yeshua ( Jesus) comes back to put an end to this before man totally destroys all.

          So you are sneering and laughing ha ha…….I was like you once probably worse. Yeshua, The Bible, and God ( real name Yahwah ) are all real. This what we see is all temporal ( temporary ) and going away get a BIBLE and read and research you may save your life…..your eternal life…your REAL life. No one gets out of this alive don’t DIE twice. Ask God to show you the TRUTH…..HE will !.

          • Steeve Girard

            In other words: Abraham says: “On your knees, “ziiiip”, praise my God!”

          • Bill G Wilminton NC

            What in the world does that mean ? ? ?

          • Steeve Girard

            Obviously you forgot about Bill Clinton.

          • Bill G Wilminton NC

            Please do not post to me or answer thanks………

          • Gay Veteran

            because YOUR interpretation of the bible is the only correct one, riiiiiiiight

          • Bill G Wilminton NC

            Read it and make your list then add to the bottom of the letters list.

          • Gay Veteran

            like I said: because YOUR interpretation of the bible is the only correct one, riiiiiiiight

            just another REASON that there is NO unchanging word of “god”

          • Bill G Wilminton NC

            Now you can add the letter I for interpretation…..lets see you got A, B, and I. Get that list ready it wont be long. Remember boy scout motto ” be prepared.

          • awb22

            the truth is the only thing that matters, and there is no truth in you.

        • sistersoldier

          This is the one who came by water and blood—Jesus Christ. He did not come by water only, but by water and blood. And it is the Spirit who testifies, because the Spirit is the truth. For there are three that testify: the Spirit, the water and the blood; and the three are in agreement. We accept human testimony, but God’s testimony is greater because it is the testimony of God, which he has given about his Son. Whoever believes in the Son of God accepts this testimony. Whoever does not believe God has made him out to be a liar, because they have not believed the testimony God has given about his Son. And this is the testimony: God has given us eternal life, and this life is in his Son. Whoever has the Son has life; whoever does not have the Son of God does not have life.

  • Rick

    I get that we never should have had TARP and bailouts and QE for 6 years, and we should have taken our lumps and healed back in 2008/2009. But we didn’t, and with a new vibrant muslim in the white house hell bent on destroying America, this is the course we’ve taken. But now to come out and say the Fed should continue all of this to avoid a bad fall that is inevitable, is just rediculous. I agree, many will be hurt, but if we put it off another 2 years, many more will be hurt more deeply. We need to take our medicine now, cut our losses, throw the criminals out, and get back on our feet.

  • Steeve Girard

    The only reason why the FED decided to do this is to support oil prices… They have tried the Saudi plan to control inventory panics, it proven to fail. The FED has no choice but to make that mistake, willfully. Wealth will have to be destroyed to support the elite. It is the only way to do it now. Rising interest rates will end the commodity crash, by increasing the costs of operations to an undesirable rate, thus killing exploitation. Which in return will force inventories to rarify.

    • Bob Johansen

      But oil prices will still continue to fall…

      • Steeve Girard

        Not if there is less oil in the market. The low price are caused by people being afraid to not sell their production. They pump their inventory on the market, in order to keep their shares.

    • SP2300ROFL

      Delusional

      • Steeve Girard

        Thank you, that makes it is not Illusional…. in other words it’s Real.
        .
        P.S. short abrupt answers really betrays you. It gives away your approbation.

  • REALIST

    The FED, a private banking corporation owned by the member banks, NEVER makes a mistake. We, who refuse to see the big picture, make the mistakes. They know exactly what they are doing, and why. If you fail to see the plan, then you are the one who is wrong. Do some real research and study and learn the founding and history of the FED.

    • ONE WHO KNOWS

      The FED??? Really? Seriously? Does the FED control REAL-LIFE EVENTS??? You really don’t get it, do you? There are events taking place that go beyond the realm of man’s control. MONEY is an ILLUSION. MONEY DOES NOT EXIST. Money is a concept.

      WAKE-UP. The Matrix has you.

      • Steeve Girard

        Money is the left side of the equation, what lies beyond the equal sign to the right side is not in it’s control. It’s most of the times a matter of faith for the FED, to what will be the reaction of the masses. But using past examples, are always a good start, for a bunch of control freaks, who wants to control the world. Even if randomness throws them a crapload of stones.

      • REALIST

        Yes, money IS a concept and the banking class of 1800’s figured that out and took advantage of this. Paper notes, debt, margin calls, etc. are all concept that work in manipulation of the market. Why manipulate it? To create, knowingly, booms and bust. During booms that you create with paper, you sell out. During the busts that you create by restricting this paper, you buy. It is so easy. The goal is World Control which has been going on since the Sumerians.

        • ONE WHO KNOWS

          I understand that. But the elite are doing this at the expense of those WHO are ignorant to the truth. The powers to be are presenting life ONE way, but in reality they are doing something entirely different at the expense of the masses of people WHO remain in the dark regarding their shenigans. I can’t speak for others, but I value my life. I sure don’t appreciate waking up ONE day just to realize everything I’ve been told is a lie.

          • Bill G Wilminton NC

            Everything you’ve been told is a LIE

    • Bill G Wilminton NC

      Well said…………

    • Swath

      The interest rates should have been raised many years ago. There would still have been pain but it would have been sustainable. Now we will see a dramatic market shift that will destroy a massive amount of wealth. My personal feeling is the continued money printing was done to sustain the Democrats in office. We have to remember a democrap birthed this beast on Jekyll island.

      • REALIST

        Along with Paul Warburg, etc.I’ve read the book(s)

  • Joe V

    What they have also done is to pour billions of printed dollars into up-sizing the military and into militarizing the police. This is how they will keep control of the masses as things get worse. It’s how empires always work. They exert control over people by fear.

  • https://youtu.be/cPaX3RahUqQ The Professor

    “Who controls the issuance of money controls the government!” Nathan Meyer Rothschild

    • Steeve Girard

      Money if only the left side of the equation, what happens to the right side, is of pure faith and randomness.

  • REALIST

    The FED works for the FED. Not you. Not me. Not “America”.

  • Mondobeyondo

    Hi, Miss Janet! (Yellen) – Long time caller, first time listener.
    So, when are the BBBI’s (big banker bail-ins) beginning?
    We know they’re coming. Don’t try to deny it.

  • axinosp PAN

    Baltic Dry Index (27/01 14:59) is 337,00 !!!!!

  • HeyAHuman

    What can the Fed possibly do that ISN’T another “huge mistake”? The Fed itself is a huge mistake.

    • Jazz

      You’ve got that right!

  • AzDi

    I think most people knew this, but you never saw them bring it up. How can those people on the business channels not realize what was happening. Not only here, but around the world.

    Like some of the comments said on this site….. it is rather suspicious and we all know there is a movement for one world order. Seems to me this is part of it. Bankrupt all these countries and there we go.

    • Bill G Wilminton NC

      Well said…….bullseye!.

  • Mondobeyondo

    In case you’re wondering if it’s Obama’s fault…
    No, it isn’t. But, of course he won’t do anything about it.
    He’s too busy focusing on his legacy, and contemplating his future presidential library in Hawaii… or maybe Indonesia…
    He’s a typical Nowhere Man.
    _______________________
    Tokyo, Japan, July 1, 1966.
    https://www.youtube.com/watch?v=FBZfNAiDNaU#t=11

  • Mondobeyondo

    The Fed is blind. And the general public is blind.
    The blind leading the blind…

    • Bill G Wilminton NC

      The Fed knows exactly what its doing…….The Fed is the head of the snake !. and the snake is leading us into the “bankruptcy from hell”….On Its Way! ! After that is NWO and Totalitarianism.

      The general public: some are just oblivious and say to themselves no bankruptcy no NEVER HERE this is The USA…..others more hip and studied say this is The USA Titanic and walk around with water wings, helmet and flippers….SO which are you?.

      • SP2300ROFL

        Seek professional mental health counseling you appear to be progressively more demented.

        • Bill G Wilminton NC

          Ha ha so now we know that you are in the OBLIVIOUS group Welcome aboard The USA TITANIC….ha ha where were you in 08 in the kiddie pool.

        • Jazz

          Since you are so mentally challenged maybe you could be so kind and refer him to your psychiatrist. Though wait, he hasn’t helped you yet. Forget that idea

      • sistersoldier

        You are correct Bill. It’s coming and it will not be pretty especially for those who believe in or benefit from the system. The sad part is they do not realize if the government can give you everything that they can also take everything.

        Not only is the destruction of fiat currency coming but also precious metals. If you think that metals are a safe haven – think again. I read earlier today how CERN is now able to make lead turn into gold? They have actually found a way to counterfeit the most recognized safe haven metal. How do you know if your metal portfolio is even worth dirt if they possess this technology? I’ve said it before toilet paper will be more valuable than gold or silver when the crisis becomes apparent to all.

        “‘They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.”

    • Jazz

      Lmao! You made a funny. I love the funny money the fed has been printing.

  • Bill G Wilminton NC

    Not familiar with John Perkins but read Carroll Quigley book “Tradgedy and Hope” and that traitor Bill Clinton mentioned Quigley as a mentor to him.

    David Rockefeller admitted to being a supporter of The New World Order and said he was proud of giving his lifelong support to NWO.

    There has never been an audit of the Federal Reserve…NOPE NEVER.

    • REALIST

      The Federal Reserve Act prevents an audit OR a list of the stockholders of the FED. The FED is a private corporation. This is so well documented.

    • olde reb

      John Perkins wrote CONFESSIONS OF ECONOMIC HIT MAN. You can request a copy from your library.

      All audits of the Fed are in accordance with guidelines established by the BOG. The auction accounts are labeled as client (government, primary dealers); they are not operational accounts.

      The owners of the BOG (the TBTF banks)
      have created more than $200 trillion in derivatives. They hold a
      legislated super-debt status. During our eventual national
      bankruptcy, the TBTF banks will collect all the wealth within the US
      via bail-in. Bank deposits, savings accounts, national assets bought
      at fire-sale prices, pensions, will all be confiscated.

      • Bill G Wilminton NC

        olde reb you are interesting and knowledgeable, thanks.
        what does BOG stand for ?

  • Bill G Wilminton NC

    And sent a check for a small amt to all the citizens of Iceland representing the remainder of the auctioned off assets of those corrupt banks.

  • CharlesH

    Very slowly and as sure as I’m typing this comment – the wheels are definitely falling off of this train – no ifs, ands or buts. This will not end pleasantly, for anyone.

    • Bill G Wilminton NC

      YUP…………

  • toktomi

    Oh, my goodness, normally I find your comments to be in line with my own. Something apparently went haywire this time around. It does not appear to me that “the Federal Reserve has ended quantitative easing and has embarked on a program of very slowly raising interest rates” regardless of their published rhetoric.

    Oh, well,

    ~toktomi~

  • algol2000

    The satanic all-seeing eye is watching you all. The detached capstone of the 1% wants to enslave humanity. This has always been the goal of satan since the garden of eden. Has he won?

    • William Lutz

      Yeah screw the political and the corporate Wall Street elite. They have done a great deal of damage for years. What a bunch of self serving, money grubbing evil greedy bastards who only care about endless profit and power. They are going to burn in hell for this.

      • df NJ

        There are many people who work on Wall Street who have very far left philosophies. If only a small handful of billionaires have ALL the money it becomes worthless. Money is worth more when there are a larger number of people greedy about it. We need a strong middle class otherwise all the structures of wealth owned by the billionaires are worthless. Unless the middle class is flush with cash there are no customers. The size of the economy is determined by the size of the middle class. I think our country’s biggest problems come from having too many cartels and monopolies overcharging for products and services to the point where the economy is shrinking.

    • Bill G Wilminton NC

      NO satan has not won, put your trust inYeshua….He Is Coming For His Bride……SOON.

  • A guy from Ukraine

    Make no mistake about it, FED makes NO mistakes as they knows exactly what and why they are doing. All the crises in this world are man-made and by design. By dwindling liquidity in the system fully dependant on easy credit to survive, they have chosen to steer up towards the financial collapse just because the surrepticious Masters who pull the strings behind the curtains and control the establishment feel prepared to proceed to the the next stage of thier agenga, that is creating New World Order out of Chaos and time has come for them to start creating Chaos, that is world-wide panic in the financial markets leading up to demise of “all reserve currencies” and imposing a One World Currency by IMF by 2018 as was clearly predicted by the Rotschild’s owned magazine “The Economist” on the 1988 cover. Just as Michael notes the world is to plunge into financial chaos in the months to come (my estimate is for the clear-cut collapse in the financial markets to become evident by Fall) and it’s my bet that given the gravity of the debt situation things might look as bad in the US as to invoke martial law or something by next Cristmas. Anyway, this is something the powers that be have been actively prepairing for over the past years (I mean an abundance of fully operational FEMA camps scattered all around the US, plastic coffins numbered in hundreds of thousands stored under the open sky near Atlanta, numerous presidential orders that when engaged provide the current president full-fledged dictatorial powers, police militarization etc. Just remember, there is no such a thing as a mistake by the Establishment. EVERYTHING they do is by design.

    • Bill G Wilminton NC

      Well said…………

  • William Lutz

    You know what? Once this year is over, I’m going to leave my friends, family, and America behind for good. I’m going to get my passport, book a flight and split forever.

  • Steve Hansen

    By removing the artificial support that they had been giving to the financial markets, they try to the only right thing to do, since its not possible to keep the artificial support going on forever! It has to stop sooner or later!

    The artificial support should never have been given in the first place, and removing it now is probably way to late. But I guess they have to try.

    Lets see how things turn out.

  • mtntrek3

    Yellen was one of the talking heads that said before ’08…… if a recession was coming, it would be a mild one. Nailed that one. Ha.

  • Cyber Revengeance

    stock market will crash. but will it cause economic slowdown.

    • Bill G Wilminton NC

      Yes market crash like a slow motion avalanche…….and will be very bad as the financial indebtedness in 08 was never cleared they just added more debt ( tarp, twist, QE 1, 2, 3 ,and 4 ) to solve the DEBT problem….print print ha ha but now no printing just digital….press a button wheeeeeeeee !.

  • CJS

    A small short story. It is all the fed’s fault! It took me a while to realize that most of the world is not a free economy. It is a socialized economy with the banking industry trying to do good for goodness sakes. I do not think it is the fed’s, I think it is the people who own the banks. Now just in the US, all over the world. The natural tendency is for asset rich groups to set economic rules so they get the best return on their assets. They will do everything they can to keep things from crashing, but when it does crash, they will know when and you won’t as they move their assets to buy out failures ten cents on a dollar after the crash. Assets will change hands. Then we start over.

  • Bill G Wilminton NC

    The banking system is still INSOLVENT…….I have two friends in NJ living in nice houses in upper middle class communities. AND HAVE NOT PAYED A HOUSE MORTGAGE PAYMENT IN YEARS !.

    One has not made a mortgage payment or real estate taxes in over 6 years. He is in his 7th year and the bank has not foreclosed. As per his own words ” I wonder HOW MANY of my neighbors are in this same position as I ”

    The other person also lived in his own house over three years with no mortgage or real estate taxes being payed. He has since moved out and is now renting. He is still absolutely amazed that the bank would allow him to live in his house over 3 years basically rent , tax, and insurance free. He told me “I keep the outside meticulous and even plant flowers lol ” what a bankrupt/insolvent country we have become.

    The banks also payed the insurance on both these houses.

    I believe the plan is to keep the banking insolvency hidden……just like food stamps prevents VERY OBVIOUS soup lines for the 46 million on them.

    • sistersoldier

      Very well said. I know that in part an acceleration of foreclosures would derail their end game plans. As an employee of Housing and Urban Development I see it on a first hand basis. Flooding the market with homes would pull down the value of those who still believe their home is worth what they are paying for it. It would also speed up the collapse so they manipulate the paperwork to hide the actual number of foreclosures. Its an evil game. We wouldn’t want the rats to abandon the ship prematurely.

      The large amount of beneficiaries that are receiving “snap” benefits is two-fold. One is as you mentioned to prevent long soup lines and the other is to create dependency on the government. This way when they are ready to open “hotel California” internment camps they will be able to coral the masses with the deception of free food. At least it will be under the guise of “free” but – it will be in return for your allegiance to the anti-christ.

      • Bill G Wilminton NC

        Sistersoldier……It is good to know that at least a few people have EYES TO SEE…….just a few.

        And yes Hotel California has the ” ROOMS AVAILABLE ” sign lit.

        I pray that ” Yeshua Comes For His Bride Soon ” and takes us out of this SEPTIC TANK with roads.

        Shalom

        • sistersoldier

          And peace to you as well.

          • Bill G Wilminton NC

            Thanks for your perseverance.

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