This piece is more of a philosophical musing but given the current ominous technical set up on the stock charts I think you will understand what I am trying to say and I will be brief. While watching The Big Short on New Years Weekend I had an epiphany at the end of the movie. The movie brought back a lot of painful memories but what struck me was that all the controlled fraud by the top echelon of our elite banking system went unpunished and was put onto the balance sheets of the sovereigns. The debt did not go away and all the bad Karma associated with those acts have been left to fester and grow. Since 2009 our institutions are rife with corruption. The manifestation of Trump and Sanders are evidence that the average person is absolutely fed up. The economy is not anywhere near the statistics presented to us. They are lies and a con. My thesis is that the controlled fraud of the banks has morphed into global sovereign fraud as the debt has become mathematically impossible to service. Europe is falling apart, the Mideast is in flames and the US is on the verge of massive civil disturbances. Behind the curtain is a disaster and I am convinced they know they can’t hold it together much longer with all this paper mache printing.
The current chart of the S&P tells me that really bad news is on the horizon. I have no idea what that news is but it will be bad. I believe in Karma and we are overdue for some bad Karma. Remember not one high level executive went to jail. That will haunt this nation.If you enjoy the content at iBankCoin, please follow us on Twitter