COMMENT: Mr. Armstrong, I learn Reuters feedback this morning they usually stated “The greenback sank to a three-year low … the dollar down greater than 10% for the 12 months. If it stays that method within the coming days will probably be its largest first half of a 12 months fall because the early Nineteen Seventies – successfully the period of free-floating currencies.”
The exaggeration and bias within the monetary information have turn into outrageous. I’ve been on this area for 30 years. By no means have I discovered the press so dishonest and politically pushed. They’re attempting to create the collapse of the greenback to overthrow Trump. That is just like the polls. They lie about all the things.
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REPLY: I totally agree. It makes me wish to stop and conceal underneath the covers, for they’re intentionally distorting the world, and all the things they do is to push us into conflict. I’m so sick of the exaggerations and lies, as they don’t care in regards to the folks, the nation, or our future. NOTHING – simply the second and find out how to win in any respect prices.
Right here is our Greenback Index again to 1902. It means that you can see the true development and put all of it in perspective. Beneath is the US Greenback Index, which started in 1988. It omitted the greenback excessive in 1985, to not point out the greenback decline into 1976.
Right here is CNN faking the information, standing within the deepest puddle they’ll discover, whereas the movie crew is simply ankle deep. Every little thing is all the time the worst they’ll probably mission. They trash the greenback as a result of Trump desires to interchange Powell with somebody who will decrease rates of interest. Sorry, Trump is a biased borrower, not a lender. So he seems at all the things from just one aspect of the desk. Europe entered unfavourable rates of interest in 2014, strip-mining pension funds and financial institution reserves. Decrease charges hurt savers for the advantage of debtors. That is all the time a one-sided view that by no means is sensible.
So let me see. Rates of interest rise in bull markets and all the time decline in bear markets. That’s actuality! Nonetheless, the press has in some way offered the concept reducing charges is bullish for the inventory market. It’s all primarily based on Keynesian Economics, which was primarily based on Authorities Intervention following Karl Marx. This presumption that the federal government is able to managing the financial system underneath socialism is merely presumptuous. Why fear. The socialists will take all the things, we are going to personal nothing, and be so excited, joyful, and grateful, for of their ebook, we’re too STUPID to grasp something anyhow.
Right here is the Nice Recession 2007-2009. The inventory market rises with RISING charges as a result of that exhibits there’s a demand for cash and investing. When charges decline and even went to NEGATIVE to punish folks for NOT investing, that’s the fact. That is precisely OPPOSITE of the nonsense the FAKE FINANCIAL NEWS studies as a result of they don’t give a shit in regards to the fact. They should discover the deepest puddle to magnify all the things.
There’s NO definitive rule that even a particular degree of rates of interest will impression that market. The strongest bull market was 1929 and there we see the bottom degree of rates of interest. The opposite impression is CAPITAL FLOWS. Fort 1929, all of the capital poured into the USA as a result of it was right here, hiding throughout World Battle I. There was the primary G4 assembly in 1927 when the central bankers satisfied the US to decrease rates of interest, and that may power the cash to return to Europe. That failed.
In the event you assume the inventory market will DOUBLE, you’ll pay 20%.
If you don’t assume it’ll rise by 1%, you’ll not pay 1%.
