MARKET BUBBLES & ECONOMIC TROUBLES

As I’ve mentioned in my previous articles, right off the top, let’s make something clear: The stock market is not the economy. The middle class is the economy, and the middle class is losing.
The stock market is an illusion with no bearing on reality whatsoever. It is an epic, distorted, twisted bubble of debt (see my 7 July article, “THE MARKET IS FLOATING ON OCEANS OF DEBT”).
Moreover, the stock market is being used as a distraction by corrupt politicians who are saying to the American people, “Look at the Stock Market! Our economy is booming – it will be a super-V shaped recovery.”
The fact of the matter is the S&P 500 is just 3 percent off its all-time record high; corporations are stronger than ever; and Wall Street is expecting, and will get, record high bonuses in 2020. Meanwhile, on Main Street, the U.S. economy is in free fall, with some 800,000 new unemployment claims each week.
In no way whatsoever is the American economy in a recovery. Make no mistake, this is no accident. Neither are the lies, propaganda, and misinformation spewing from the mouths of crooked politicians. The deliberate shutdown of the U.S. economy, and the world, is now fostering the largest wealth transfer in history, something I said would occur a decade ago… and, with this, the utter wipeout of the middle class is on the verge of completion.
The current merger between corporate entities and this new American government, by definition, is fascism. It is manifesting itself into a new feudal system, a two-tier society of extreme haves and have-nots, which I have warned about as well for over ten years.
This phenomenon can be witnessed in real time by paying attention to and understanding what you are seeing. Today, corporations are stronger than ever, the rich are richer than ever, the stock market is being artificially propped up on mass debt expansion, tens of millions of the middle class are out of work, and over 60 percent of U.S. small businesses are gone forever.
The last shoe to drop will be a stock market crash of epic proportions followed by pandemonium in the streets. By design, in order to gain control, the powers that be need to foster an environment of complete chaos, and then out of that disorder will come oppressive control.
Expect it… it’s just a matter of when.
For the time being, the stock market will continue to inflate, along with the Federal Reserve’s balance sheet. Inevitably, when the market corrects to fair value – less than two-thirds of what it is today – it will be by the Federal Reserve’s own hand that this occurs.
As a market trader, I do not waste a moment of my time wondering when a market correction to fair value, or a crash, will occur. I am only concerned with one thing: staying on the right side of it. Being that I have been given the privilege of writing articles for the Trends Journal, I will keep you on the right side of it as well.
by Gregory Mannarino, TradersChoice.net