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The Forum > General Discussion > Share market bubble.Corps borrow to buy their own shares.

Share market bubble.Corps borrow to buy their own shares.

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In this interview Dr Paul Craig Roberts spells out the economic disaster which looms over us.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/8/2_Dr._Paul_Craig_Roberts.html

Since 2006 US Corporations have borrowed and spent $4.1 trillion on propping up their shares through buy backs.Add into the mix, individuals and pension funds using cheap money to inflate the bubble. Real unemployment is over 20% and the 4% growth is a lie.

Since 2000 US households have lost 36% of their wealth.50 million people are on food stamps of which half work.

The US Federal Reserve now has $4.4 trillion on its balance sheet which is 5.5 times pre-financial crisis. Most of this money has been spent on propping up the too big the fail banks. They have just made the problems worse with no Glass Steagall Act as they had in the Great Depression to protect people's assets from predatory Corporations.

Argentina has just defaulted on its debt and other countries will likely follow suit.

Global GDP is $70 trillion with the derivative gambling market over 28 times this amount and no one knows how badly this will all end.

Nothing like this scenario has happened before in our history and it is global. As Dr Roberts says, "The world has gone insane."
Posted by Arjay, Monday, 4 August 2014 8:30:18 PM
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Some may say Corporates are insane buying their own shares. What they're buying is time. Most also play the derivative game of betting against their own shares going up or down. They are in fact looting their own companies knowing full well it is all going to come crashing down.

So they pay themselves huge salaries and bonuses on the inflated value of their companies.
Posted by Arjay, Monday, 4 August 2014 11:11:31 PM
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Now you know why the banks are pushing for "Bail Ins" so they can steal the little money you will have after the crap hits the fan.

TOO big to fail.

TOO big to jail.
Posted by Philip S, Tuesday, 5 August 2014 12:15:54 AM
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Yes Philip s,that is their plan.http://www.cecaust.com.au/ Sign the petition to stop "bail in" by bringing in a Glass Steagall Act they had before 1999.We did not need it because we owned the Commonwealth Bank.Now we do.They want to finalise this at the next G20 meeting.

The CEC have sent letters to every Politician and senior Public Servant, so ignorance is no excuse. They will try to pass "Bail in" with other legislation.
Posted by Arjay, Tuesday, 5 August 2014 7:50:45 AM
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Hello Arjay,

Nice to see a fellow contributor who acknowledges the mess the world financial system is in.

I have been a follower of the likes of Dr Paul Roberts for some time together with men like Eric Sprott, Gerald Celente, Nigel Farage, Marc Faber, Stephen Leeb, Andrew Maguire et al, who all appear from time to time on Russia Today and web sites like King World News. These are all people with great financial credentials all singing from the same song book, but rarely quoted in the main-stream press.

The majority of the population are more interested in celebrities and sport, and unfortunately that's what sells newspapers, so their ignorance of the world financial affairs often astounds me.

Two books by James Rickards "Currency Wars" and "The Death of Money" are well worth reading together with "flash Boys" by Michael Lewis that describes the mechanics and high speed trading and manipulation of the derivatives market with computer algorithms. The likes of JPM and HSBC control well over 60% of the silver derivatives market for instance and JP Morgan own over 60% of the gold derivatives. No wonder they can illegally control the marketů..but then they are the Federal Reserve bankers ! As Warren Buffett once said "derivatives are financial weapons of mass destruction"

The CFTC recently said there was no untoward illegal trading by the banks after a 4 year enquiry (!) even though just two banks alone exceed their position limits on the COMEX using naked shorts. All documented by GATA.

Enough already !
Posted by snake, Tuesday, 5 August 2014 9:06:50 AM
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Arjay, said;
The CEC have sent letters to every Politician

What is the CEC ?
The major oil companies have increased their expenditure on search
and development by more than double over the last five years or so but
their increase in reserves has gone down.
They have literally been throwing good money after bad.
Because of this they have been selling assets just to be able to pay dividends.
You might have noticed that Shell is selling out of Woodside's NW shelf
developments. It is all part of what your post was about.

Oil company sales are down in both volume and dollar values so that
is rather a strong blow of a straw in a strong wind.
Indications are still quite strong for a 2017 turning point.
Posted by Bazz, Tuesday, 5 August 2014 10:42:54 AM
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