Here's Why the Market Could Crash--Not in Two Years, But Now
Yesterday I made the case for a Financial Singularity that will never allow stocks to crash. We can summarize this view as: the market and the economy are not systems, they are carefully controlled monocultures. There are no inputs that can’t be controlled, and as a result the stock market is completely controllable.
Get a Job, Build a Real Career and Defy a Bewildering Economy(Kindle, $9.95)(print, $20)
Are you like me? Ever since my first summer job decades ago, I’ve been chasing financial security. Not win-the-lottery, Bill Gates riches (although it would be nice!), but simply a feeling of financial control. I want my financial worries to if not disappear at least be manageable and comprehensible.
And like most of you, the way I’ve moved toward my goal has always hinged not just on having a job but a career.
You don’t have to be a financial blogger to know that “having a job” and “having a career” do not mean the same thing today as they did when I first started swinging a hammer for a paycheck.
Even the basic concept “getting a job” has changed so radically that jobs–getting and keeping them, and the perceived lack of them–is the number one financial topic among friends, family and for that matter, complete strangers.
So I sat down and wrote this book: Get a Job, Build a Real Career and Defy a Bewildering Economy.
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Laura Y.
Gordon Long and I discuss The New Nature of Work: Jobs, Occupations & Careers(25 minutes, YouTube)
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Source: http://charleshughsmith.blogspot.com/2014/09/heres-why-market-could-crash-not-in-two.html
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not crashed yet… you did state now….
As long as Central Bankers can use fiat currency, they can manipulate any market for a great period of time without worry. They can crash it or sustain it at will. The gold and silver market is a prime example that even commodities that have a base value can be controlled. Of course it only works well if the commodities are for the most part non consumer properties. You can’t produce foodstuffs with a keystroke, this is why hamburger meat is screaming INFLATION at $3.60 a pound and precious metal are in a low trading range. The only way a crash will come about is if the controllers will it or the controllers have a power play in their own ranks. My guess is the 2nd scenario will come into play within a years time. Mostly due to the changing of the old guard to younger vermin but we will see.