This recent post was about the horrible housing mess which has been made (engineered) by the compassionate government (FDR onward), the BrainDead Fed (Hello, Hello, Earth to Larry Summers), and Wall Street Debt Inc. It pointed out what this trifecta had done to the non-insider-connected citizens like ourselves. The runup in prices during the Housing (actually Derivatives) Bubble, and the subsequent crash, has been followed by another debt fueled orgy in most markets around the country (actually the world). And even though the recent runup in prices has been accompanied by a large share of cash only purchases, the fuel behind all of it is debt creation. In fact the fuel behind everything on this Planet at this point is debt creation. And even though there is basically no net new economic growth resulting from the debt creation, the economics PHD Wizards (yes you Larry) at the central banks and the lawyers in the government, will keep pushing their failed policies. Unfortunately, but predictably, our new President has brought onboard the same clowns who helped to get us in this mess. The Goldman Sachsers and this guy – Steve Schwarzman from Blackstone – total insider. President Trump claimed he wanted to “Drain The Swamp”. A swamp is a great metaphor for this guy, as he is as slimy as they get. It was very disappointing to see Trump hook up with him, as he will head the President’s “strategic and policy forum”, along with a slew of globalists like Jamie Dimon and Larry Fink. These people have no clue what true hard-working, honest Americans have to deal with. And here is an excellent article which one of my buddies from the Northwest sent me. Blackstone is so connected to all governments on this Planet, and they use those connections to make obscene profits/harm the rest of us, which would never be available to honest citizens. The fact that Donald Trump (whom I voted for) has hooked with these folks in a big way, has me asking some questions.
About
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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