Saturday, November 7, 2015

COPPER Daily Chart Drops to 2009 Levels

Dr Copper, the key economic indicator, continues to drop now at levels not seen since 2009 over six years ago as markets recovered from the 2008-2009 financial crisis. The Federal Reserve killed capitalism and free markets in early 2009 abandoning all morality and instead deciding to save the banksters and the wealthy elite class with QE 1 (quantitative easing). QE 1 and 2 goosed commodities, oil and gold strongly higher during 2009-2011.

Copper continues to trend lower for the last five years signaling a sick and sluggish economy, which occurs. There is about 50 pounds of copper in the average house and 4 or 5 pounds in the average car so copper is the key indicator for the global economy since the housing and auto sectors drive all economies.

It is amazing to see stock markets resilient, but, not so much once you  understand the central banks and their Keynesian money printing schemes. The central bankers are the market and continuously create the stock market rallies with their money printing that floods the markets with liquidity which goes into buying stocks and crushing volatility. It is very sick and deranged. Free markets do not exist the United States can best be described as a pseudo-free market system where the upside of capitalism is applauded and celebrated but the downside of capitalism, where the washing out and bankruptcy of companies needs to occur to weed out weak companies, is never allowed to play out. The illusion has continued for 6-1/2 years and the Fed prays daily that the economy and Main Street will catch up as they continuously reward the wealthy class with vast riches.

The elite class in America that own large stock portfolios have raped the system for all its worth over the last few years courtesy of the Fed and other global central bankers. The wealth gap between rich and poor is at the widest in 50 years. The party will likely not continue much longer. The wealthy could not care less, however, since they own property in Belize and other tropical areas and if the US falls apart with violence between rich and poor they will simply live in luxury at resort areas around the world watching scantily-clad beauties prancy to and fro. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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