Most Americans are unaware the financial markets are rigged. That doesn’t mean prices will never fall. It does mean that the nature of the coming decline will be different than what has occurred in prior bear markets. That is because elevating asset prices especially stocks as a national goal has priority over national defense, law enforcement and all other activities government is involved in.
Political power can do amazing things. When all of the country’s resources are focused on enriching those who are already rich, the country’s future is destroyed. A corporation can invest in plant and equipment and innovate. In a free market doing that is how profits are made but there is a faster way. Continue reading