Note his remarks about how modern central banking makes matters 'different this time' than during the Great Depression in that the banks can manufacture more 'funding' to gamble than simply bank deposits, i.e., they can create credit on taxpayers' account to keep speculation going. This is a unique way of looking at what is going on, i.e., banksters "risk-on" greed that drives upswings reaches a limit in the amount of "bailouts" that can be placed in the name of future taxpayers. Once the burden is no longer popularly deemed tenable, as evidenced by drops in sovereign credit ratings, the colossal bubble of mass optimism implodes. It's about finding the maxima of collective human creative potential before "correcting" the trend.
This is where we stand.
BTW, for what it's worth, and that's most likely not much, we are now in a 'Puetz eclipse crash window' associated with the December 10th total lunar eclipse.
Market analyst Steve Puetz discovered:
"....a full moon in general and a lunar (eclipse) full moon close to solar eclipses, in particular, seem to be the triggering device that allows for the rapid transformation of investor psychology from manic greed to paranoia. He asks what the odds are that eight of the greatest market crashes in history would accidentally fall within a time period of six days before to three days after a full moon that occurred within six weeks of a solar eclipse? His answer is that for all eight crashes to accidentally fall within the required intervals would be .23 raised to the eighth power less than one chance in 127,000."
The vast majority of the time, Puetz eclipse crash windows prove irrelevant, but what can be said is major panics are unlikely to occur outside such occasions.
Of course, one should keep in mind that we may be nearing the Apocalypse Wave "Prechter Point" of maximum negative change in the context of Elliott Wave patterns:
If so, then the next break below the psychologically important 12000 mark on the DJIA could literally be apocalyptic in scope.
If chemical SCUDs start raining down on Israel, then you know what this means.
Hey....but who heeds me anyways...
How many people, when they are offered a 'mark' to take, that will supposedly get them out of the debt that has been put upon them by this system, will take it, not thinking or caring what it will do to their eternity?
ReplyDeleteThe early Church faced the same, take the "teserea" and the "libellus" and be damned or don't eat, die in this life, but faithful to Christ, live with Him forever.