Tag Archives: financial meltdown

“Wall Street” now just another US Government Agency . . .

Gallup:
“Just over half of Americans, 52%, now say they personally, or jointly with a spouse, have stock market investments. That is one percentage point below last year’s figure, making it the lowest in Gallup’s 15-year trend.”

The Gallup survey shows stock ownership by individual Americans at a 15 year low. The market is a rigged game dominated by two factors: Insider-information based instantaneous electronic trading and massive unfunded “purchases” of US Treasury bonds and Fannie Mae mortgage-backed securities by the Federal Reserve which simply prints money for the “purchases.”

A primary purpose of the Fed’s Wall Street purchases is to iflate market returns to allow the various States’ retirement system investments to meet public employee (union) pension payout obligations. The end-game won’t be pretty!