WARNING! WARNING! “Danger is approaching Will Robinson”
December 27, 2013
For those who have been paying attention, the DOW has had over 50 new highs this year. Sounds great, right?
If you are among those whom benefited from it and you are also devoid of conscious liability in the complicity of the destruction of the dollar and America’s middle class along with it, it may be time to reflect on a few things.
1. Most of the corporations listed on the DOW which have experienced huge increases in stock prices are either not making a profit or are doing so based upon streamlining and cutting back on services and employees and moving them to other countries in response to higher taxes, the Un-Affordable Health Care Act, repressive regulations, and unsustainable employee benefits and wage packages.
2. Individuals as well as corporations are borrowing money to invest in the stock market. This money has and continues to be available via the destructive policies of “Monetizing Debt”, better known as “Quantitative Easing” but should be called what it really is, “Currency Devaluation”. Read the “Mechanics of Quantitative Easing” we posted in October, 2013.