By 
“Why don’t you write anymore?” – said some of my friends, whom I care about very much. I said: “What should I write about? I already wrote everything last year but let me rewrite it.”
The world sank on the 15th of September 2008, the day after Lehman Brothers went Chapter 11 on September 14th. The system stopped. Its valued existence has been suspect for a long time, but it has been rescued by central banks and pawns brought by them. Stocks went up to the prices that should have been, making new hills every day. In this dream world created by central banks, companies bought their own stocks with cheap money. Likewise, the politicians were brought in by those same bosses. Describing a Brexit process would be an insult to the “stocked wonderland company”! The two largest banks of one of the world’s largest economies, such as Germany, have sunk. They were rescued several times from 2008 onwards . After that, car sales fell with lightning speed, Germany became unable to breathe. Same goes for other European countries. The head of the European central bank, Ms. Lagarde (I have told her past long story many times in my previous articles), made the first and last truth in her life saying: “Young people should forget saving and be thankful they find a job”. True, as of right now the best educated young people in Europe cannot find work or even internships! The capital of the European Central Bank (ECB), managed by Lagarde, is 10 billion Euros and its balance sheet is 4.5 trillion Euros. So what this means is 450 times the leverage. The abundance of money in the market forces people to be lazy and borrow more, and this will continue. Social crises have begun almost everywhere in the world, but notice how there is almost no place for it in the world press. Most of the executives at large banks and companies are unqualified and worthless. Their only expectation is to get as much salary as they can. Young people and most people are not aware of what is happening right now. Most people still dance with their hands in the air. Saudi people kept their oil prices at a high price in order to drive Amarco into their nation. The price of oil should be USD 10 and will be. It will stay there too. Gold will make new heights. Bank of Japan (BOJ) and Swiss National Bank’s (SNB) efforts to keep their own currency low will be insufficient. UsdYen will go to 90, UsdChf to 0.85. Why is that? Because with the weak Euro, EurJpy and EurChf will go to new lows. Bank of Japan (BOJ) and Swiss National Bank’s (SNB) efforts to keep their own currency low will be insufficient. UsdYen will go to 90, UsdChf to 0.85. Why is that? Because with the weak Euro, EurJpy and EurChf will go to new lows. Bank of Japan (BOJ) and Swiss National Bank’s (SNB) efforts to keep their own currency low will be insufficient. UsdYen will go to 90, UsdChf to 0.85. Why is that? Because with the weak Euro, EurJpy and EurChf will go to new lows.
I do not want to write something more about Turkey because it makes my heart ache. To put it briefly, the old high 7.20 in UsdTry will be retested. I hope it will not go above it. I can only wish.
The US looks good now and the US dollar is valued. Americans are optimistic people, but I think they are too optimistic. First of all, the money entering the US dollar and assets will cause the US interest rates to go to zero. Many banks and companies will sink. In fact, it has already sunken, but in order to find a place in the press, exchanges need to collapse and it will collapse. Unemployment will rise to incredible levels.
What I wrote above is almost the same as what I wrote between September and December of last year. As a result, spend your money if you have money or they will take it away from you.
Stay lucky.
Yorum