Posted 1 year ago on Jan. 15, 2020, 1:43 p.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
On January 10, 2020 the Dow crossed 29,000 for the first time. How long can it be before the latest flock of sheep are sheared. The fools think the stock market indicates the growth of the real economy. In fact, the trading that goes on there has little to do with real production by the corporations that issued the stock in the first place. Most financial [FIRE Sector] activity has no direct connection to the production and distribution of the material goods and service that are required to sustain our lives.
The FIRE Sector is a parasitic disease that threatens the survival of the human race. Most FIRE transactions do nothing to stimulate real economy. Think high speed trading, leveraged buyouts, asset looting and interest on loans. The thing they all have in common: they make money out of money. Ex Nihilo Nihil Fit! [You shouldn't need an explanation but for those who must be spoon fed: money is only a token that represents real goods and services. It is not a thing.]
Bottom line is: the phony Wall St economy must eventually self destruct. This has been known for a couple of hundred years or more. With the growth of abstract activity real economy diminishes. With less real production (producing actual goods and services that we can consume to sustain life rather than dependence on foreign imports) in America, I doubt we have very long before a catastrophic economic breakdown. This is a very bad time to sell the farm for cash.
Stock indexes do not indicate the well being of the economy. The FIRE sector [Wall St] is a parasite that sucks the blood of the real economy of production and consumption of MATERIAL goods and services. See the real measure of good economy: