On November 2nd in 2018, the stock market in Venezuela was at 500,000 by the end of November of 2018 their stock market was 0 and today it is 60,000 let that sink in for a moment. 500,000 thousand points and gone practically overnight. What happened? What happened was the gamble that so many who invest in a stock market that has risk and is more volatile than most humans would ever believe. The average Joe in the stock market today risk everything they have tied up in the market just as Venezuela investors did. Remember that it was one year ago.
In 1929 the US Stock market crash began.
“The Roaring Twenties roared loudest and longest on the New York Stock Exchange. Share prices rose to unprecedented heights. The Dow Jones Industrial Average increased six-fold from sixty-three in August 1921 to 381 in September 1929. After prices peaked, economist Irving Fisher proclaimed, “Stock prices have reached ‘what looks like a permanently high plateau.’” The epic boom ended in a cataclysmic bust. On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value. The slide continued through the summer of 1932, when the Dow closed at 41.22, its lowest value of the twentieth century, 89 percent below its peak. The Dow did not return to its pre-crash heights until November 1954.” *
Did you read that, the market lost 89% of its value within a month. Um, just as Venezuela did a year ago. Now the US Federal Reserve Bank is printing more of their fake money and pushing up the US stock markets to all-time highs. So you average Joe out there what do you see in relation to the current stock market? A repeat of 1929 and 2018 markets reaching all-time highs and money being printing in amounts that shock the human psychic.
We are reaching all-time highs in our stock market as the US Federal Reserve prints more money than could ever be paid back and puts the burden on the American tax payer’s back and bails out the rich and powerful people and corporations. Let me be clear you are being lied to by the Federal Reserve with economic deception. The Federal Reserve members say they have a target rate of inflation they wish to maintain at 2% per year. Year after year. Think about it in the most basic example. If you had 100 dollars at the end of one year if the inflation rate is reached as desired by the Federal Reserve, you lost $2,00 to their inflation model. If inflation was 10% you lost $10.00 in purchasing power. Everything you buy for the most part went up in price in US Dollars. You could not buy as much due solely to the Stated Inflation Target of the Federal Reserve. Who are they working for? Why is our dollars worthless this year than last year? The Federal Reserve and the US Major Banks are running a PONZI scheme on the world and soon the failure of the US Dollar will happen these Banksters and their investors will need to repay for the theft of Americans’ wealth. This Ponzi scheme has nearly destroyed America and poor and middle-class Americans. It has made the wealthy richer and the poor poorer, not because of laziness, not because of any fault of their own. But by the greed of the people to get rich quick in the Roulette Wheel of the Stock Market and the Federal Reserve playing their role of printing money to infinity and pretending it still has any value.