AdrianK9
4 Apr 2016 #1111
Today Trump has warned of a major world wide recession coming in the near future.
We're in the midst of a stock bubble - stocks are WAY overvalued. I hear some of these supposedly respected financial news outlets stating things like 'Facebook - $200 billion company' and I think to myself how? They have had not even a full $3 billion in net income last year. The final bubble will be the 'dollar bubble' and that's when everything will go kaput. The ONLY thing propping up the US dollar is its popularity as a world currency - something that Chinese and Russians are already fighting against by using their own currencies/creating a new basket currency. Gaddafi wanted to do for African and Arab oil exporters, by implementing the Dinar which would have immensely helped Libya and other oil producers and we all know what happened to him. The fed has to keep kicking the can down the road and creating new bubbles and bursts to avoid people from realizing that the dollar is essentially worthless.