In this video, I talk with author and economic analyst John Sneisen about the creation of artificial CDOs at Citibank.
CDOs are collateralized debt obligations which means many packaged together bad mortgages with a couple good ones in order to rate them triple A. This is an insane tactic which has always lead to bubble bursts. The derivatives markets are wrought with debt and manipulation. Credit default swaps left and right.
Well an artificial CDO is a little bit different but no less crazy.
This exact situation popped up in 2007 (no pun intended) right before the massive burst of the bubble in the housing market.
Of course right now, the housing markets in Vancouver, Toronto, Seattle, San Francisco, Oslo, Sydney, Perth, London and so many other places in the world are bubbling up and ready to pop.
The markets are wholly manipulated by state and state sponsored powers.
Then the monetary system is incredibly manipulated as well. In fact it's entirely built on manipulation as fiat currency is printed out of thin air, devaluing at inception, bringing inflation up and creating vast amounts of debt.
This will all come down together and it will be epic. However there are many solutions people can utilize if they understand the system that's built to push them into servitude. One must know the problems before applying solutions.
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Hi ,
Thanks for sharing
NOT GOING TO HAPPEN! GOING TO 30K
What?
I think he is referring to the Dow Jones Industrial Average.
It might hit 30k before the CRA$H!
The Bigger they are, the Harder they FALL!
It wouldn't surprise me if it hit 30k. These markets are highly manipulated.
Juiced with QE Money...
in 2008 it was the rising interest rates that caused the adjustable rate mortgages to fail. These were dog shit loans with little or no money down, and no real check of the financial strength of the buyer. Back then there were some 40% adjustable loans, now its only around 7%. So what will be the trigger this time??? Remember the Central banks will buy any dog shit that shows weakness.
How about more Greece / Italy / Spain bank failure that trigger a chain collapse via derivatives.
this time it will be the people not beeing able to make a living out of their jobs, consumers will buy less because they cannot afford it anymore. Companies will go bankrupt because of missing purchases and there you have your chain of doom triggered once again. Just that this time it's no faulty mortgage as a cause.
Thanks for sharing