Just Don’t Enjoy Dow 15,000!! Everyone Screams “RIGGED” or “PONZI” or “BERNANKE” on Every Uptick. Our Current Financial System Is So Toxic, A Collapse Is Imminent!!!

Even The Pros Hate Everything About This Market And The Economy

Yesterday we pointed out that on the occasion of the Dow hitting 15,000, it was still clear that people still detested thisstock market rally, based on the fact that everyone screams “RIGGED” or “PONZI” or “BERNANKE” on every uptick.

But it’s not just mouth-breathing comment-section trolls who do this.

The pros do too.

Josh Brown notes in a tweet:

So far, we’ve heard from Paul SInger, Kyle Bass and Li Lu - not one talking about a free-trading common stock you can buy. Bullish? #irasohn

— Downtown Josh Brown (@ReformedBroker) May 8, 2013

Indeed. So far at a conference devoted to investment ideas, it’s been obscure calls, and anger towards policy-makers. Singer hates the Fed. Kyle Bass hates Japanese policy-makers. Sill nobody is happy or enjoying the good times.

KYLE BASS: Japan’s Adding A Ponzi Scheme To A Ponzi Scheme…

Ultimately he says, with regards to Abenomics, is that country is a Ponzi on top of a Ponzi. He says the country is on “tilt” and he added “You have to be sh**ing me.”

The question is when, and that moves to “qualitative aspects,” he added. What does that mean?

There’s a fatalism, he says, in everyone he talks to in Japan. Their thinking is changing, and the way they talk to him about debt is changing. They already spend 50% of tax revenue on debt service.

“If rates go up, it’s game over.”

Our Current Financial System Is So Toxic, A Collapse Is Imminent

As the Dow and the S&P 500 make new record highs, other global equities are also enjoying a run to the upside.  Yet, many of these economies have little to no economic growth, government debt is rising and in some cases unemployment has hit record highs. Since when do equities rise in the face of dismal economic conditions? The answer is clear. It has happened ever since the US Federal Reserve as well as the other major banks have been printing more money. In other words the prices of global equities are been artificially propped up by this intervention by these central banks.

At the same time, these bankers have managed to supress the price of gold creating the illusion that it is good to invest in equities. After all, bonds yield almost nothing, and owning gold offers no return or any capital appreciation. And, having cash in a bank will simply result in depreciation of purchasing power. In other words, people around the world are being carefully manipulated into buying equities….

Read more at http://investmentwatchblog.com/just-dont-enjoy-dow-15000-everyone-screams-rigged-or-ponzi-or-bernanke-on-every-uptick/#m7Y21pODHfAtfLHe.99