Monday Market Movement – Up, of Course!

S&P 1,850?  Dow 16,000?  Why stop there?  

As you can see from the chart on the right, Emerging Markets are being dumped all year long, even relative to junk bonds and why not, when our Developled Markets move like Emerging Markets used to.  Of course, we never took big moves in Emerging Markets seriously because they inevitably became bubbles and imploded, right?

Imagine how dumb the last guy in Zimbabwe felt, who spent $40 Trillion for one share of Hippo Vally Estates (HIPO.zw).  Didn't those people know that their markets were only going up because their Reserve Bank kept printing money to pay their debt?  Of course, when you create a population of Trillionaires, things begin selling for Trillions of Dollars, right?

In the US, in 2013, we have 2010 new Billionaires, that's more Billionaires than there were in the World, TOTAL, in 2002.  In fact, there are now 1,426 people wakling this Earth who can lose $1,000,000 1,000 times and still be rich!  

Keep in mind that's what these people have LEFT – AFTER TAXES!  It used to be that we would tax back some of that wealth, to keep it circulating in the Global Economy but that's an old-fashioned notion that has been drummed out of our thought process by the media these same Billionaires have taken Global Control of along with the political processes of our Nations. 

And just how rich is the "average" Billionaire?  According to Forbes, our 1,426 Global Billionaires have 5,432 BILLION Dollars between them.  That's $3.8Bn EACH!  That's 10% of the Global GDP in the hands of the top 0.0000001%.  Japan's ENTIRE GDP is $5.9Tn, Germany's is $3.4Tn.  Carlos Slim ($73Bn) and the Koch Brothers ($68B) both have personal fortunes bigger than the GDP of most of the countries on Earth!

The Walton Family has $116Bn, yet the people who work for them require $1.7Bn a year in government assistance to stay above the poverty line.  A 1.5% tax against that $116Bn would allow taxpayers to stop having to bail out WMT workers so the Waltons can get richer next year.

 

 

IN PROGRESS

 

 

 

 

 

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Posted-In: Futures Pre-Market Outlook Markets

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