{"id":35967,"date":"2016-04-17T15:17:25","date_gmt":"2016-04-17T19:17:25","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=35967"},"modified":"2016-04-17T15:19:17","modified_gmt":"2016-04-17T19:19:17","slug":"the-april-emergency-the-fed-doesnt-want-you-to-know-about","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=35967","title":{"rendered":"The April Emergency The Fed Doesn&#8217;t Want You To Know About"},"content":{"rendered":"<p><!--more-->by Mike Maloney<\/p>\n<p><iframe loading=\"lazy\" src=\"http:\/\/www.youtube.com\/embed\/Ne4YJYLm62g\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"text-decoration: underline;\"><\/p>\n<h3>Transcript:<\/h3>\n<p><\/span><\/p>\n<div id=\"cp-0\" class=\"caption-line\" data-time=\"0\">\n<div class=\"caption-line-time\">0:00<\/div>\n<div class=\"caption-line-text\">hi there&#8217;s something going on today that I think ranges from very ominous who<\/div>\n<\/div>\n<div id=\"cp-1\" class=\"caption-line\" data-time=\"6.7\">\n<div class=\"caption-line-time\">0:06<\/div>\n<div class=\"caption-line-text\">very scary there was a meeting between fed chairman Janet Yellen and Barack<\/div>\n<\/div>\n<div id=\"cp-2\" class=\"caption-line\" data-time=\"12.889\">\n<div class=\"caption-line-time\">0:12<\/div>\n<div class=\"caption-line-text\">Obama today and you know if you google yeltsin Obama meeting or something like<\/div>\n<\/div>\n<div id=\"cp-3\" class=\"caption-line\" data-time=\"18.449\">\n<div class=\"caption-line-time\">0:18<\/div>\n<div class=\"caption-line-text\">that you end up with all of these results on that meeting but when you<\/div>\n<\/div>\n<div id=\"cp-4\" class=\"caption-line\" data-time=\"22.34\">\n<div class=\"caption-line-time\">0:22<\/div>\n<div class=\"caption-line-text\">read them they&#8217;re all identical they&#8217;re just fluff it&#8217;s basically you know they<\/div>\n<\/div>\n<div id=\"cp-5\" class=\"caption-line\" data-time=\"27.71\">\n<div class=\"caption-line-time\">0:27<\/div>\n<div class=\"caption-line-text\">talked about the economy and Barack Obama said you&#8217;re doing a good job Janet<\/div>\n<\/div>\n<div id=\"cp-6\" class=\"caption-line\" data-time=\"32.8\">\n<div class=\"caption-line-time\">0:32<\/div>\n<div class=\"caption-line-text\">gave her a pat on the back and the thing is there was a meeting today advance<\/div>\n<\/div>\n<div id=\"cp-7\" class=\"caption-line\" data-time=\"39.86\">\n<div class=\"caption-line-time\">0:39<\/div>\n<div class=\"caption-line-text\">notice of meeting under expedited procedures of the this is the Board of<\/div>\n<\/div>\n<div id=\"cp-8\" class=\"caption-line\" data-time=\"45\">\n<div class=\"caption-line-time\">0:45<\/div>\n<div class=\"caption-line-text\">Governors Federal Reserve System website so Board of Governors of the Federal<\/div>\n<\/div>\n<div id=\"cp-9\" class=\"caption-line\" data-time=\"49.41\">\n<div class=\"caption-line-time\">0:49<\/div>\n<div class=\"caption-line-text\">Reserve System at 11 a.m. this morning Monday April 11 so there is the meeting<\/div>\n<\/div>\n<div id=\"cp-10\" class=\"caption-line\" data-time=\"58.129\">\n<div class=\"caption-line-time\">0:58<\/div>\n<div class=\"caption-line-text\">and it was to review and it was reviewing determination by the Board of<\/div>\n<\/div>\n<div id=\"cp-11\" class=\"caption-line\" data-time=\"63.34\">\n<div class=\"caption-line-time\">1:03<\/div>\n<div class=\"caption-line-text\">Governors of the advanced and discount rates to be charged by the Federal<\/div>\n<\/div>\n<div id=\"cp-12\" class=\"caption-line\" data-time=\"68.54\">\n<div class=\"caption-line-time\">1:08<\/div>\n<div class=\"caption-line-text\">Reserve Banks so this is basically a meeting setting monetary policy and they<\/div>\n<\/div>\n<div id=\"cp-13\" class=\"caption-line\" data-time=\"74.869\">\n<div class=\"caption-line-time\">1:14<\/div>\n<div class=\"caption-line-text\">always the press always reports on these meetings this meeting was scheduled last<\/div>\n<\/div>\n<div id=\"cp-14\" class=\"caption-line\" data-time=\"81.17\">\n<div class=\"caption-line-time\">1:21<\/div>\n<div class=\"caption-line-text\">Thursday April 7th and there&#8217;s some other stuff that the Fed became aware of<\/div>\n<\/div>\n<div id=\"cp-15\" class=\"caption-line\" data-time=\"87.409\">\n<div class=\"caption-line-time\">1:27<\/div>\n<div class=\"caption-line-text\">about that same date show you in a minute but if you google said meeting<\/div>\n<\/div>\n<div id=\"cp-16\" class=\"caption-line\" data-time=\"93.119\">\n<div class=\"caption-line-time\">1:33<\/div>\n<div class=\"caption-line-text\">what you come up with is a whole bunch more about the meeting that she had with<\/div>\n<\/div>\n<div id=\"cp-17\" class=\"caption-line\" data-time=\"99.07\">\n<div class=\"caption-line-time\">1:39<\/div>\n<div class=\"caption-line-text\">Barack Obama at the White House and then if you google fed governor meeting what<\/div>\n<\/div>\n<div id=\"cp-18\" class=\"caption-line\" data-time=\"104.869\">\n<div class=\"caption-line-time\">1:44<\/div>\n<div class=\"caption-line-text\">you come up with is the coverage that they had on the meeting on April 6 there<\/div>\n<\/div>\n<div id=\"cp-19\" class=\"caption-line\" data-time=\"109.979\">\n<div class=\"caption-line-time\">1:49<\/div>\n<div class=\"caption-line-text\">was a fed governors meeting and so you see it numerous stories and the story<\/div>\n<\/div>\n<div id=\"cp-20\" class=\"caption-line\" data-time=\"116.95\">\n<div class=\"caption-line-time\">1:56<\/div>\n<div class=\"caption-line-text\">that happened today but it&#8217;s not about the Fed governors meeting it&#8217;s about the<\/div>\n<\/div>\n<div id=\"cp-21\" class=\"caption-line\" data-time=\"121.09\">\n<div class=\"caption-line-time\">2:01<\/div>\n<div class=\"caption-line-text\">meeting with the president at the White House and if you go to the white house&#8217;s<\/div>\n<\/div>\n<div id=\"cp-22\" class=\"caption-line\" data-time=\"125.409\">\n<div class=\"caption-line-time\">2:05<\/div>\n<div class=\"caption-line-text\">site there is this press release with one paragraph here and they talked about<\/div>\n<\/div>\n<div id=\"cp-23\" class=\"caption-line\" data-time=\"132.75\">\n<div class=\"caption-line-time\">2:12<\/div>\n<div class=\"caption-line-text\">both the near-term and long-term growth outlook the state of the labour market<\/div>\n<\/div>\n<div id=\"cp-24\" class=\"caption-line\" data-time=\"139.25\">\n<div class=\"caption-line-time\">2:19<\/div>\n<div class=\"caption-line-text\">in equality potential risk to the economy both the United States and<\/div>\n<\/div>\n<div id=\"cp-25\" class=\"caption-line\" data-time=\"144.48\">\n<div class=\"caption-line-time\">2:24<\/div>\n<div class=\"caption-line-text\">globally and this is what every press outlet has reported nothing other than<\/div>\n<\/div>\n<div id=\"cp-26\" class=\"caption-line\" data-time=\"150.54\">\n<div class=\"caption-line-time\">2:30<\/div>\n<div class=\"caption-line-text\">that and basically Barack Obama gave her a pat on the back and said she was doing<\/div>\n<\/div>\n<div id=\"cp-27\" class=\"caption-line\" data-time=\"156.22\">\n<div class=\"caption-line-time\">2:36<\/div>\n<div class=\"caption-line-text\">a great job that if you look you know there&#8217;s the april sixth meeting there&#8217;s<\/div>\n<\/div>\n<div id=\"cp-28\" class=\"caption-line\" data-time=\"161.349\">\n<div class=\"caption-line-time\">2:41<\/div>\n<div class=\"caption-line-text\">the meeting that happens today April 11 but there&#8217;s a meeting scheduled for<\/div>\n<\/div>\n<div id=\"cp-29\" class=\"caption-line\" data-time=\"165.459\">\n<div class=\"caption-line-time\">2:45<\/div>\n<div class=\"caption-line-text\">tomorrow and for the next day now this is for meetings already and we haven&#8217;t<\/div>\n<\/div>\n<div id=\"cp-30\" class=\"caption-line\" data-time=\"171.69\">\n<div class=\"caption-line-time\">2:51<\/div>\n<div class=\"caption-line-text\">even gotten halfway through the month this goes up to the 13th that would<\/div>\n<\/div>\n<div id=\"cp-31\" class=\"caption-line\" data-time=\"177.28\">\n<div class=\"caption-line-time\">2:57<\/div>\n<div class=\"caption-line-text\">suggest eight meetings are more are going to happen this month<\/div>\n<\/div>\n<div id=\"cp-32\" class=\"caption-line\" data-time=\"181.67\">\n<div class=\"caption-line-time\">3:01<\/div>\n<div class=\"caption-line-text\">highly unusual I went all the way back to January of last year and there&#8217;s I<\/div>\n<\/div>\n<div id=\"cp-33\" class=\"caption-line\" data-time=\"187.8\">\n<div class=\"caption-line-time\">3:07<\/div>\n<div class=\"caption-line-text\">don&#8217;t see anywhere where they&#8217;ve had eight meetings that had like six<\/div>\n<\/div>\n<div id=\"cp-34\" class=\"caption-line\" data-time=\"191.23\">\n<div class=\"caption-line-time\">3:11<\/div>\n<div class=\"caption-line-text\">meetings in a month that has happened but to me this very often what you&#8217;ll<\/div>\n<\/div>\n<div id=\"cp-35\" class=\"caption-line\" data-time=\"198.519\">\n<div class=\"caption-line-time\">3:18<\/div>\n<div class=\"caption-line-text\">see is that they have these meetings in secret and when there&#8217;s an emergency<\/div>\n<\/div>\n<div id=\"cp-36\" class=\"caption-line\" data-time=\"204.28\">\n<div class=\"caption-line-time\">3:24<\/div>\n<div class=\"caption-line-text\">they try to fix it without telling anybody in paper over it and then they<\/div>\n<\/div>\n<div id=\"cp-37\" class=\"caption-line\" data-time=\"210.11\">\n<div class=\"caption-line-time\">3:30<\/div>\n<div class=\"caption-line-text\">have some press announcement the next day that they&#8217;ve bailed out you know<\/div>\n<\/div>\n<div id=\"cp-38\" class=\"caption-line\" data-time=\"214.62\">\n<div class=\"caption-line-time\">3:34<\/div>\n<div class=\"caption-line-text\">they&#8217;ve ranged merger of Paris you know sales for Bear Stearns or Lehman failed<\/div>\n<\/div>\n<div id=\"cp-39\" class=\"caption-line\" data-time=\"221.17\">\n<div class=\"caption-line-time\">3:41<\/div>\n<div class=\"caption-line-text\">but don&#8217;t worry we&#8217;re printing a whole bunch of currency and bailing out the<\/div>\n<\/div>\n<div id=\"cp-40\" class=\"caption-line\" data-time=\"224.569\">\n<div class=\"caption-line-time\">3:44<\/div>\n<div class=\"caption-line-text\">banks<\/div>\n<\/div>\n<div id=\"cp-41\" class=\"caption-line\" data-time=\"225.39\">\n<div class=\"caption-line-time\">3:45<\/div>\n<div class=\"caption-line-text\">you find out about it after it&#8217;s done this is the Federal Reserve Bank of<\/div>\n<\/div>\n<div id=\"cp-42\" class=\"caption-line\" data-time=\"230.29\">\n<div class=\"caption-line-time\">3:50<\/div>\n<div class=\"caption-line-text\">Atlanta and it&#8217;s their report on GDP and so their latest forecast on this is for<\/div>\n<\/div>\n<div id=\"cp-43\" class=\"caption-line\" data-time=\"237.85\">\n<div class=\"caption-line-time\">3:57<\/div>\n<div class=\"caption-line-text\">the first quarter so this is a seasonally adjusted annual rate in the<\/div>\n<\/div>\n<div id=\"cp-44\" class=\"caption-line\" data-time=\"242.959\">\n<div class=\"caption-line-time\">4:02<\/div>\n<div class=\"caption-line-text\">first quarter is now down to 0.1% down from 0.48% fifth so just a few days ago<\/div>\n<\/div>\n<div id=\"cp-45\" class=\"caption-line\" data-time=\"255.88\">\n<div class=\"caption-line-time\">4:15<\/div>\n<div class=\"caption-line-text\">they were expecting 0.4% growth now it&#8217;s down to 0.1% and that is because the<\/div>\n<\/div>\n<div id=\"cp-46\" class=\"caption-line\" data-time=\"265.39\">\n<div class=\"caption-line-time\">4:25<\/div>\n<div class=\"caption-line-text\">wholesale trade report from the USS Census Bureau the forecast of the<\/div>\n<\/div>\n<div id=\"cp-47\" class=\"caption-line\" data-time=\"270.61\">\n<div class=\"caption-line-time\">4:30<\/div>\n<div class=\"caption-line-text\">contribution of inventory investment to GDP inventory investment has fallen from<\/div>\n<\/div>\n<div id=\"cp-48\" class=\"caption-line\" data-time=\"278.33\">\n<div class=\"caption-line-time\">4:38<\/div>\n<div class=\"caption-line-text\">negative from minus 0.4% to end its been revised now to 0-2 you know it&#8217;s it&#8217;s<\/div>\n<\/div>\n<div id=\"cp-49\" class=\"caption-line\" data-time=\"288.33\">\n<div class=\"caption-line-time\">4:48<\/div>\n<div class=\"caption-line-text\">0.7% negative that is bad we&#8217;re seeing you know we&#8217;re almost 1 percentage point<\/div>\n<\/div>\n<div id=\"cp-50\" class=\"caption-line\" data-time=\"294.83\">\n<div class=\"caption-line-time\">4:54<\/div>\n<div class=\"caption-line-text\">of negative growth of manufacturing and the reason that manufacturing<\/div>\n<\/div>\n<div id=\"cp-51\" class=\"caption-line\" data-time=\"301.36\">\n<div class=\"caption-line-time\">5:01<\/div>\n<div class=\"caption-line-text\">contributing to inventory is falling like that is because inventory levels<\/div>\n<\/div>\n<div id=\"cp-52\" class=\"caption-line\" data-time=\"308.28\">\n<div class=\"caption-line-time\">5:08<\/div>\n<div class=\"caption-line-text\">have been rising that people aren&#8217;t buying stuff so now I&#8217;m going to talk<\/div>\n<\/div>\n<div id=\"cp-53\" class=\"caption-line\" data-time=\"314.97\">\n<div class=\"caption-line-time\">5:14<\/div>\n<div class=\"caption-line-text\">about the stock market again and stuff you&#8217;ve seen this church just three weeks<\/div>\n<\/div>\n<div id=\"cp-54\" class=\"caption-line\" data-time=\"318.65\">\n<div class=\"caption-line-time\">5:18<\/div>\n<div class=\"caption-line-text\">ago if you&#8217;ve been tracking the videos that I have been making but it&#8217;s<\/div>\n<\/div>\n<div id=\"cp-55\" class=\"caption-line\" data-time=\"323.9\">\n<div class=\"caption-line-time\">5:23<\/div>\n<div class=\"caption-line-text\">important to show you this again because they&#8217;ve updated the information and won<\/div>\n<\/div>\n<div id=\"cp-56\" class=\"caption-line\" data-time=\"328.3\">\n<div class=\"caption-line-time\">5:28<\/div>\n<div class=\"caption-line-text\">the thing about I&#8217;m showing it to you this time instead of downloading a bunch<\/div>\n<\/div>\n<div id=\"cp-57\" class=\"caption-line\" data-time=\"332.53\">\n<div class=\"caption-line-time\">5:32<\/div>\n<div class=\"caption-line-text\">of separate charts join you on the Fed&#8217;s website and it&#8217;s it&#8217;s very interactive<\/div>\n<\/div>\n<div id=\"cp-58\" class=\"caption-line\" data-time=\"337.32\">\n<div class=\"caption-line-time\">5:37<\/div>\n<div class=\"caption-line-text\">you can zoom in two different periods like if you want to see the 1987 stock<\/div>\n<\/div>\n<div id=\"cp-59\" class=\"caption-line\" data-time=\"344.25\">\n<div class=\"caption-line-time\">5:44<\/div>\n<div class=\"caption-line-text\">market crash right there and there was no monetary policy changes base currency<\/div>\n<\/div>\n<div id=\"cp-60\" class=\"caption-line\" data-time=\"354.13\">\n<div class=\"caption-line-time\">5:54<\/div>\n<div class=\"caption-line-text\">just kept on going up<\/div>\n<\/div>\n<div id=\"cp-61\" class=\"caption-line\" data-time=\"356.009\">\n<div class=\"caption-line-time\">5:56<\/div>\n<div class=\"caption-line-text\">but this is the largest one-day crash in history it&#8217;s one of the major crashes of<\/div>\n<\/div>\n<div id=\"cp-62\" class=\"caption-line\" data-time=\"361.74\">\n<div class=\"caption-line-time\">6:01<\/div>\n<div class=\"caption-line-text\">all time and one of the things that you can also see here is zero correlation<\/div>\n<\/div>\n<div id=\"cp-63\" class=\"caption-line\" data-time=\"368.309\">\n<div class=\"caption-line-time\">6:08<\/div>\n<div class=\"caption-line-text\">between the growth of base currency and the growth of the Wilshire 5000 for<\/div>\n<\/div>\n<div id=\"cp-64\" class=\"caption-line\" data-time=\"375.08\">\n<div class=\"caption-line-time\">6:15<\/div>\n<div class=\"caption-line-text\">market cap index so this is the value of the stock market versus the growth in<\/div>\n<\/div>\n<div id=\"cp-65\" class=\"caption-line\" data-time=\"382.009\">\n<div class=\"caption-line-time\">6:22<\/div>\n<div class=\"caption-line-text\">base currency which is the paper dollars that exists<\/div>\n<\/div>\n<div id=\"cp-66\" class=\"caption-line\" data-time=\"385.419\">\n<div class=\"caption-line-time\">6:25<\/div>\n<div class=\"caption-line-text\">basically but I&#8217;m going to zoom up a little bit more one of the things you<\/div>\n<\/div>\n<div id=\"cp-67\" class=\"caption-line\" data-time=\"389.319\">\n<div class=\"caption-line-time\">6:29<\/div>\n<div class=\"caption-line-text\">notice there&#8217;s I hate that pop up sorry it&#8217;s got a lot of information that in<\/div>\n<\/div>\n<div id=\"cp-68\" class=\"caption-line\" data-time=\"396.37\">\n<div class=\"caption-line-time\">6:36<\/div>\n<div class=\"caption-line-text\">the year 2000 there was a market top where rolled over and then crashed in<\/div>\n<\/div>\n<div id=\"cp-69\" class=\"caption-line\" data-time=\"402.12\">\n<div class=\"caption-line-time\">6:42<\/div>\n<div class=\"caption-line-text\">the year 2005 and 27 there was a roll over in a market operated here and then<\/div>\n<\/div>\n<div id=\"cp-70\" class=\"caption-line\" data-time=\"409.319\">\n<div class=\"caption-line-time\">6:49<\/div>\n<div class=\"caption-line-text\">we&#8217;ve got the basically the same shape going on but markets work in fractals<\/div>\n<\/div>\n<div id=\"cp-71\" class=\"caption-line\" data-time=\"414.729\">\n<div class=\"caption-line-time\">6:54<\/div>\n<div class=\"caption-line-text\">you can go into as much smaller timescales and see these same patterns<\/div>\n<\/div>\n<div id=\"cp-72\" class=\"caption-line\" data-time=\"419.559\">\n<div class=\"caption-line-time\">6:59<\/div>\n<div class=\"caption-line-text\">happening now as I zoom in this incredible correlation that I&#8217;ve been<\/div>\n<\/div>\n<div id=\"cp-73\" class=\"caption-line\" data-time=\"424.229\">\n<div class=\"caption-line-time\">7:04<\/div>\n<div class=\"caption-line-text\">pointing out over and over again between the growth of base currency and all of<\/div>\n<\/div>\n<div id=\"cp-74\" class=\"caption-line\" data-time=\"429.209\">\n<div class=\"caption-line-time\">7:09<\/div>\n<div class=\"caption-line-text\">this extra currency almost all of it is held as excess reserves at the major<\/div>\n<\/div>\n<div id=\"cp-75\" class=\"caption-line\" data-time=\"435.059\">\n<div class=\"caption-line-time\">7:15<\/div>\n<div class=\"caption-line-text\">major banks and Wall Street institutions and so this the likelihood of this<\/div>\n<\/div>\n<div id=\"cp-76\" class=\"caption-line\" data-time=\"444.539\">\n<div class=\"caption-line-time\">7:24<\/div>\n<div class=\"caption-line-text\">correlation being an access is this is such a tight correlation that it&#8217;s an<\/div>\n<\/div>\n<div id=\"cp-77\" class=\"caption-line\" data-time=\"449.61\">\n<div class=\"caption-line-time\">7:29<\/div>\n<div class=\"caption-line-text\">impossibility so it&#8217;s the growth of basement he that has pumped up the stock<\/div>\n<\/div>\n<div id=\"cp-78\" class=\"caption-line\" data-time=\"456.08\">\n<div class=\"caption-line-time\">7:36<\/div>\n<div class=\"caption-line-text\">markets as you zoom in to the top and you see that amazing correlation and<\/div>\n<\/div>\n<div id=\"cp-79\" class=\"caption-line\" data-time=\"461.659\">\n<div class=\"caption-line-time\">7:41<\/div>\n<div class=\"caption-line-text\">then Janet Yellen took off the training wheels when they did the tapering right<\/div>\n<\/div>\n<div id=\"cp-80\" class=\"caption-line\" data-time=\"465.649\">\n<div class=\"caption-line-time\">7:45<\/div>\n<div class=\"caption-line-text\">here and start creating base currency markets went along for a little while<\/div>\n<\/div>\n<div id=\"cp-81\" class=\"caption-line\" data-time=\"470.809\">\n<div class=\"caption-line-time\">7:50<\/div>\n<div class=\"caption-line-text\">and then topped and rolled over and crashed right back to base currency<\/div>\n<\/div>\n<div id=\"cp-82\" class=\"caption-line\" data-time=\"476.7\">\n<div class=\"caption-line-time\">7:56<\/div>\n<div class=\"caption-line-text\">and went up again crash right back to base currency and they&#8217;ve got up again I<\/div>\n<\/div>\n<div id=\"cp-83\" class=\"caption-line\" data-time=\"481.6\">\n<div class=\"caption-line-time\">8:01<\/div>\n<div class=\"caption-line-text\">believe that they&#8217;ve talked again if you look at the phone in a little bit more<\/div>\n<\/div>\n<div id=\"cp-84\" class=\"caption-line\" data-time=\"487.18\">\n<div class=\"caption-line-time\">8:07<\/div>\n<div class=\"caption-line-text\">we&#8217;ve got a market top back at the end of you know the mid to end of last year<\/div>\n<\/div>\n<div id=\"cp-85\" class=\"caption-line\" data-time=\"493.67\">\n<div class=\"caption-line-time\">8:13<\/div>\n<div class=\"caption-line-text\">and then another top that&#8217;s a lower high and then another top and if you draw a<\/div>\n<\/div>\n<div id=\"cp-86\" class=\"caption-line\" data-time=\"500.78\">\n<div class=\"caption-line-time\">8:20<\/div>\n<div class=\"caption-line-text\">trend line across this stuff the top that&#8217;s over here and and then the most<\/div>\n<\/div>\n<div id=\"cp-87\" class=\"caption-line\" data-time=\"506.78\">\n<div class=\"caption-line-time\">8:26<\/div>\n<div class=\"caption-line-text\">recent top basically this rose to that trend line and bounced off of it and<\/div>\n<\/div>\n<div id=\"cp-88\" class=\"caption-line\" data-time=\"513.84\">\n<div class=\"caption-line-time\">8:33<\/div>\n<div class=\"caption-line-text\">traders look at that and so the definition of a bull market is higher<\/div>\n<\/div>\n<div id=\"cp-89\" class=\"caption-line\" data-time=\"520.14\">\n<div class=\"caption-line-time\">8:40<\/div>\n<div class=\"caption-line-text\">highs and higher lows the definition definition of a bear market is lower<\/div>\n<\/div>\n<div id=\"cp-90\" class=\"caption-line\" data-time=\"525.63\">\n<div class=\"caption-line-time\">8:45<\/div>\n<div class=\"caption-line-text\">highs and lower lows and that is what we&#8217;re seeing here since 2015 is the<\/div>\n<\/div>\n<div id=\"cp-91\" class=\"caption-line\" data-time=\"531.82\">\n<div class=\"caption-line-time\">8:51<\/div>\n<div class=\"caption-line-text\">stock market is not able to get up past its high back in mid 2015 and its<\/div>\n<\/div>\n<div id=\"cp-92\" class=\"caption-line\" data-time=\"538.41\">\n<div class=\"caption-line-time\">8:58<\/div>\n<div class=\"caption-line-text\">struggling and it keeps on crashing back down toward base money and it is quite<\/div>\n<\/div>\n<div id=\"cp-93\" class=\"caption-line\" data-time=\"543.32\">\n<div class=\"caption-line-time\">9:03<\/div>\n<div class=\"caption-line-text\">extended above base money right now so it&#8217;s probably going to be crashing down<\/div>\n<\/div>\n<div id=\"cp-94\" class=\"caption-line\" data-time=\"547.94\">\n<div class=\"caption-line-time\">9:07<\/div>\n<div class=\"caption-line-text\">to that but if you look at the base currency back in go back a little sure<\/div>\n<\/div>\n<div id=\"cp-95\" class=\"caption-line\" data-time=\"553.15\">\n<div class=\"caption-line-time\">9:13<\/div>\n<div class=\"caption-line-text\">there was ok so here is the high in September of 2014<\/div>\n<\/div>\n<div id=\"cp-96\" class=\"caption-line\" data-time=\"560.95\">\n<div class=\"caption-line-time\">9:20<\/div>\n<div class=\"caption-line-text\">basically 4.1 I&#8217;m rounding its four-point 15 trillion dollars and today<\/div>\n<\/div>\n<div id=\"cp-97\" class=\"caption-line\" data-time=\"568.54\">\n<div class=\"caption-line-time\">9:28<\/div>\n<div class=\"caption-line-text\">it&#8217;s down at three point eight $7 so there is a contraction going on<\/div>\n<\/div>\n<div id=\"cp-98\" class=\"caption-line\" data-time=\"576.03\">\n<div class=\"caption-line-time\">9:36<\/div>\n<div class=\"caption-line-text\">of base currency but what you&#8217;re seeing here is that same pattern of a market<\/div>\n<\/div>\n<div id=\"cp-99\" class=\"caption-line\" data-time=\"583.38\">\n<div class=\"caption-line-time\">9:43<\/div>\n<div class=\"caption-line-text\">top remember I told you that markets work in fractals and this looks like the<\/div>\n<\/div>\n<div id=\"cp-100\" class=\"caption-line\" data-time=\"589.19\">\n<div class=\"caption-line-time\">9:49<\/div>\n<div class=\"caption-line-text\">same type of rollover that we see when we look at a long-term church we&#8217;re<\/div>\n<\/div>\n<div id=\"cp-101\" class=\"caption-line\" data-time=\"594.2\">\n<div class=\"caption-line-time\">9:54<\/div>\n<div class=\"caption-line-text\">taking in twenty thirty years or more and so i think you know we&#8217;ve bumped<\/div>\n<\/div>\n<div id=\"cp-102\" class=\"caption-line\" data-time=\"599.69\">\n<div class=\"caption-line-time\">9:59<\/div>\n<div class=\"caption-line-text\">into that trend line the market is going to roll over which brings me to another<\/div>\n<\/div>\n<div id=\"cp-103\" class=\"caption-line\" data-time=\"604.92\">\n<div class=\"caption-line-time\">10:04<\/div>\n<div class=\"caption-line-text\">set of church here I think the market is putting his top we&#8217;re interaction<\/div>\n<\/div>\n<div id=\"cp-104\" class=\"caption-line\" data-time=\"609.45\">\n<div class=\"caption-line-time\">10:09<\/div>\n<div class=\"caption-line-text\">traction the reason I left on these recession bars thats the gray areas is<\/div>\n<\/div>\n<div id=\"cp-105\" class=\"caption-line\" data-time=\"614.95\">\n<div class=\"caption-line-time\">10:14<\/div>\n<div class=\"caption-line-text\">to show you that this is the longest economic expansion in history this white<\/div>\n<\/div>\n<div id=\"cp-106\" class=\"caption-line\" data-time=\"619.28\">\n<div class=\"caption-line-time\">10:19<\/div>\n<div class=\"caption-line-text\">area that took place in the nineties and this economic expansion that we&#8217;re in<\/div>\n<\/div>\n<div id=\"cp-107\" class=\"caption-line\" data-time=\"625.73\">\n<div class=\"caption-line-time\">10:25<\/div>\n<div class=\"caption-line-text\">right now in a few months it&#8217;s going to be longer than this economic expansion<\/div>\n<\/div>\n<div id=\"cp-108\" class=\"caption-line\" data-time=\"631.8\">\n<div class=\"caption-line-time\">10:31<\/div>\n<div class=\"caption-line-text\">back in the nineties or in the eighties I mean so it&#8217;s going to be one of just a<\/div>\n<\/div>\n<div id=\"cp-109\" class=\"caption-line\" data-time=\"639.81\">\n<div class=\"caption-line-time\">10:39<\/div>\n<div class=\"caption-line-text\">few that this is the longest one history like I said usually there much shorter<\/div>\n<\/div>\n<div id=\"cp-110\" class=\"caption-line\" data-time=\"645.15\">\n<div class=\"caption-line-time\">10:45<\/div>\n<div class=\"caption-line-text\">than every session on the average every five and a half years and we could<\/div>\n<\/div>\n<div id=\"cp-111\" class=\"caption-line\" data-time=\"651.06\">\n<div class=\"caption-line-time\">10:51<\/div>\n<div class=\"caption-line-text\">already be in recession three months from now when they released the GDP data<\/div>\n<\/div>\n<div id=\"cp-112\" class=\"caption-line\" data-time=\"656.2\">\n<div class=\"caption-line-time\">10:56<\/div>\n<div class=\"caption-line-text\">if they revised the first quarter down on it and it was actually a contraction<\/div>\n<\/div>\n<div id=\"cp-113\" class=\"caption-line\" data-time=\"661.63\">\n<div class=\"caption-line-time\">11:01<\/div>\n<div class=\"caption-line-text\">if it comes in at a and if it&#8217;s minus 2.1 or 2.2 or 0.4% or something like<\/div>\n<\/div>\n<div id=\"cp-114\" class=\"caption-line\" data-time=\"668.45\">\n<div class=\"caption-line-time\">11:08<\/div>\n<div class=\"caption-line-text\">that and then there&#8217;s another one for the next quarter that will come out<\/div>\n<\/div>\n<div id=\"cp-115\" class=\"caption-line\" data-time=\"672.85\">\n<div class=\"caption-line-time\">11:12<\/div>\n<div class=\"caption-line-text\">three months from now then part of this area that we&#8217;ve already seen well ended<\/div>\n<\/div>\n<div id=\"cp-116\" class=\"caption-line\" data-time=\"678.7\">\n<div class=\"caption-line-time\">11:18<\/div>\n<div class=\"caption-line-text\">up being shaded gray economic recession and if you look here there was a market<\/div>\n<\/div>\n<div id=\"cp-117\" class=\"caption-line\" data-time=\"685\">\n<div class=\"caption-line-time\">11:25<\/div>\n<div class=\"caption-line-text\">top back in 2007 and very very shortly after that market is the recession and<\/div>\n<\/div>\n<div id=\"cp-118\" class=\"caption-line\" data-time=\"693.45\">\n<div class=\"caption-line-time\">11:33<\/div>\n<div class=\"caption-line-text\">so we could be in a recession right now which brings me to a whole nother set of<\/div>\n<\/div>\n<div id=\"cp-119\" class=\"caption-line\" data-time=\"697.5\">\n<div class=\"caption-line-time\">11:37<\/div>\n<div class=\"caption-line-text\">church where I&#8217;ve updated some choice that you saw in my last videos three<\/div>\n<\/div>\n<div id=\"cp-120\" class=\"caption-line\" data-time=\"702.97\">\n<div class=\"caption-line-time\">11:42<\/div>\n<div class=\"caption-line-text\">weeks ago I presented some of these charity what we&#8217;re looking at here is PE<\/div>\n<\/div>\n<div id=\"cp-121\" class=\"caption-line\" data-time=\"707.7\">\n<div class=\"caption-line-time\">11:47<\/div>\n<div class=\"caption-line-text\">ratios this is Dr Robert Schuller&#8217;s data don&#8217;t leave yet because even though<\/div>\n<\/div>\n<div id=\"cp-122\" class=\"caption-line\" data-time=\"713.36\">\n<div class=\"caption-line-time\">11:53<\/div>\n<div class=\"caption-line-text\">you&#8217;ve seen this data before its updated and I&#8217;ve got some brand new data at the<\/div>\n<\/div>\n<div id=\"cp-123\" class=\"caption-line\" data-time=\"719.35\">\n<div class=\"caption-line-time\">11:59<\/div>\n<div class=\"caption-line-text\">end of this video they haven&#8217;t seen in quite a long time that says we&#8217;re in for<\/div>\n<\/div>\n<div id=\"cp-124\" class=\"caption-line\" data-time=\"724.12\">\n<div class=\"caption-line-time\">12:04<\/div>\n<div class=\"caption-line-text\">probably the biggest crash in history but fair value in its first PE ratios go<\/div>\n<\/div>\n<div id=\"cp-125\" class=\"caption-line\" data-time=\"731.64\">\n<div class=\"caption-line-time\">12:11<\/div>\n<div class=\"caption-line-text\">has always been considered somewhere between 13 and 15 so in other words the<\/div>\n<\/div>\n<div id=\"cp-126\" class=\"caption-line\" data-time=\"738.67\">\n<div class=\"caption-line-time\">12:18<\/div>\n<div class=\"caption-line-text\">earnings per share<\/div>\n<\/div>\n<div id=\"cp-127\" class=\"caption-line\" data-time=\"740.8\">\n<div class=\"caption-line-time\">12:20<\/div>\n<div class=\"caption-line-text\">of a stock the earnings is 13 or they prices 13 times earnings so 13 to 15 is<\/div>\n<\/div>\n<div id=\"cp-128\" class=\"caption-line\" data-time=\"750.04\">\n<div class=\"caption-line-time\">12:30<\/div>\n<div class=\"caption-line-text\">considered fair value 15 to 20 is considered overvalued but not a bubble<\/div>\n<\/div>\n<div id=\"cp-129\" class=\"caption-line\" data-time=\"757.12\">\n<div class=\"caption-line-time\">12:37<\/div>\n<div class=\"caption-line-text\">2225 is considered a bubble so you see that this is a these are bubbles<\/div>\n<\/div>\n<div id=\"cp-130\" class=\"caption-line\" data-time=\"768.339\">\n<div class=\"caption-line-time\">12:48<\/div>\n<div class=\"caption-line-text\">twenty-five and older is considered an extreme and anything above that is<\/div>\n<\/div>\n<div id=\"cp-131\" class=\"caption-line\" data-time=\"775.959\">\n<div class=\"caption-line-time\">12:55<\/div>\n<div class=\"caption-line-text\">considered like hyper bubble the last time I presented this data three weeks<\/div>\n<\/div>\n<div id=\"cp-132\" class=\"caption-line\" data-time=\"781.6\">\n<div class=\"caption-line-time\">13:01<\/div>\n<div class=\"caption-line-text\">ago<\/div>\n<\/div>\n<div id=\"cp-133\" class=\"caption-line\" data-time=\"782.13\">\n<div class=\"caption-line-time\">13:02<\/div>\n<div class=\"caption-line-text\">PE ratios were then at twenty five and a half an hour at 26 in the quarter so the<\/div>\n<\/div>\n<div id=\"cp-134\" class=\"caption-line\" data-time=\"789.329\">\n<div class=\"caption-line-time\">13:09<\/div>\n<div class=\"caption-line-text\">stock markets are in an extreme bubble here that has to pop there&#8217;s only a few<\/div>\n<\/div>\n<div id=\"cp-135\" class=\"caption-line\" data-time=\"797.51\">\n<div class=\"caption-line-time\">13:17<\/div>\n<div class=\"caption-line-text\">times in history where things have been this out of whack it touched these<\/div>\n<\/div>\n<div id=\"cp-136\" class=\"caption-line\" data-time=\"802.2\">\n<div class=\"caption-line-time\">13:22<\/div>\n<div class=\"caption-line-text\">extremes in 1901 it was in this range in 1929 and then for a lot of this decade<\/div>\n<\/div>\n<div id=\"cp-137\" class=\"caption-line\" data-time=\"811.17\">\n<div class=\"caption-line-time\">13:31<\/div>\n<div class=\"caption-line-text\">we&#8217;ve sort of hung out in this insane territory but everything has to<\/div>\n<\/div>\n<div id=\"cp-138\" class=\"caption-line\" data-time=\"816.82\">\n<div class=\"caption-line-time\">13:36<\/div>\n<div class=\"caption-line-text\">eventually revert to the mean this red line here is interest long-term interest<\/div>\n<\/div>\n<div id=\"cp-139\" class=\"caption-line\" data-time=\"821.51\">\n<div class=\"caption-line-time\">13:41<\/div>\n<div class=\"caption-line-text\">rates and one of the things that I want to point out is that before the Federal<\/div>\n<\/div>\n<div id=\"cp-140\" class=\"caption-line\" data-time=\"825.04\">\n<div class=\"caption-line-time\">13:45<\/div>\n<div class=\"caption-line-text\">Reserve these varied in a very narrow band and then we establish the Federal<\/div>\n<\/div>\n<div id=\"cp-141\" class=\"caption-line\" data-time=\"830.3\">\n<div class=\"caption-line-time\">13:50<\/div>\n<div class=\"caption-line-text\">Reserve we got these this huge rollercoaster ride where they&#8217;re<\/div>\n<\/div>\n<div id=\"cp-142\" class=\"caption-line\" data-time=\"834.149\">\n<div class=\"caption-line-time\">13:54<\/div>\n<div class=\"caption-line-text\">manipulating things and there&#8217;s always an intended consequences and they have<\/div>\n<\/div>\n<div id=\"cp-143\" class=\"caption-line\" data-time=\"838.36\">\n<div class=\"caption-line-time\">13:58<\/div>\n<div class=\"caption-line-text\">to manipulate things more than they think that nobody ever thought you could<\/div>\n<\/div>\n<div id=\"cp-144\" class=\"caption-line\" data-time=\"843.089\">\n<div class=\"caption-line-time\">14:03<\/div>\n<div class=\"caption-line-text\">see long-term interest rates up as high as we hit in nineteen early nineteen<\/div>\n<\/div>\n<div id=\"cp-145\" class=\"caption-line\" data-time=\"848.43\">\n<div class=\"caption-line-time\">14:08<\/div>\n<div class=\"caption-line-text\">eighties or as low as we&#8217;ve hit in the 2010 is here so the Federal Reserve is<\/div>\n<\/div>\n<div id=\"cp-146\" class=\"caption-line\" data-time=\"856.74\">\n<div class=\"caption-line-time\">14:16<\/div>\n<div class=\"caption-line-text\">probably very bad idea but i wanna show you some more data here I presented this<\/div>\n<\/div>\n<div id=\"cp-147\" class=\"caption-line\" data-time=\"864.32\">\n<div class=\"caption-line-time\">14:24<\/div>\n<div class=\"caption-line-text\">in that video three weeks ago and basically this is the value of the stock<\/div>\n<\/div>\n<div id=\"cp-148\" class=\"caption-line\" data-time=\"872.32\">\n<div class=\"caption-line-time\">14:32<\/div>\n<div class=\"caption-line-text\">market divided by the<\/div>\n<\/div>\n<div id=\"cp-149\" class=\"caption-line\" data-time=\"874.23\">\n<div class=\"caption-line-time\">14:34<\/div>\n<div class=\"caption-line-text\">GDP of the country and when it&#8217;s at a ratio of one that means the stock market<\/div>\n<\/div>\n<div id=\"cp-150\" class=\"caption-line\" data-time=\"880.29\">\n<div class=\"caption-line-time\">14:40<\/div>\n<div class=\"caption-line-text\">is basically the same size as the GDP the stock market has no business being<\/div>\n<\/div>\n<div id=\"cp-151\" class=\"caption-line\" data-time=\"885.69\">\n<div class=\"caption-line-time\">14:45<\/div>\n<div class=\"caption-line-text\">valued more highly than the all the goods and services that are produced in<\/div>\n<\/div>\n<div id=\"cp-152\" class=\"caption-line\" data-time=\"891.04\">\n<div class=\"caption-line-time\">14:51<\/div>\n<div class=\"caption-line-text\">the country and share value exists somewhere in this range and if you look<\/div>\n<\/div>\n<div id=\"cp-153\" class=\"caption-line\" data-time=\"897.96\">\n<div class=\"caption-line-time\">14:57<\/div>\n<div class=\"caption-line-text\">back at the nineteen eighties this was the time to buy stocks if you had but<\/div>\n<\/div>\n<div id=\"cp-154\" class=\"caption-line\" data-time=\"902\">\n<div class=\"caption-line-time\">15:02<\/div>\n<div class=\"caption-line-text\">stocks back in 1982 and written this giant giant bull market here that was<\/div>\n<\/div>\n<div id=\"cp-155\" class=\"caption-line\" data-time=\"907.97\">\n<div class=\"caption-line-time\">15:07<\/div>\n<div class=\"caption-line-text\">the time to buy stocks when they were undervalued and ride them up until their<\/div>\n<\/div>\n<div id=\"cp-156\" class=\"caption-line\" data-time=\"912.42\">\n<div class=\"caption-line-time\">15:12<\/div>\n<div class=\"caption-line-text\">overvalued but we bounced down to fair value in the crash of 2008 measured in<\/div>\n<\/div>\n<div id=\"cp-157\" class=\"caption-line\" data-time=\"918.74\">\n<div class=\"caption-line-time\">15:18<\/div>\n<div class=\"caption-line-text\">this thing that&#8217;s called the Buffett indicator because this is Warren Buffett<\/div>\n<\/div>\n<div id=\"cp-158\" class=\"caption-line\" data-time=\"922.65\">\n<div class=\"caption-line-time\">15:22<\/div>\n<div class=\"caption-line-text\">buffett&#8217;s favorite measurement as to whether or not there&#8217;s a the stock<\/div>\n<\/div>\n<div id=\"cp-159\" class=\"caption-line\" data-time=\"927.25\">\n<div class=\"caption-line-time\">15:27<\/div>\n<div class=\"caption-line-text\">market is in a bubble but we see here is that there&#8217;s only a few times in history<\/div>\n<\/div>\n<div id=\"cp-160\" class=\"caption-line\" data-time=\"932.21\">\n<div class=\"caption-line-time\">15:32<\/div>\n<div class=\"caption-line-text\">and I showed data three weeks ago<\/div>\n<\/div>\n<div id=\"cp-161\" class=\"caption-line\" data-time=\"935.23\">\n<div class=\"caption-line-time\">15:35<\/div>\n<div class=\"caption-line-text\">going all the way back to have believed it was nineteen fifteen of there&#8217;s only<\/div>\n<\/div>\n<div id=\"cp-162\" class=\"caption-line\" data-time=\"939.82\">\n<div class=\"caption-line-time\">15:39<\/div>\n<div class=\"caption-line-text\">a few times in history where the stock market has been this overvalued so this<\/div>\n<\/div>\n<div id=\"cp-163\" class=\"caption-line\" data-time=\"944.8\">\n<div class=\"caption-line-time\">15:44<\/div>\n<div class=\"caption-line-text\">is the nasdaq but this is the real estate bubble of 2007 but a drug the<\/div>\n<\/div>\n<div id=\"cp-164\" class=\"caption-line\" data-time=\"950.61\">\n<div class=\"caption-line-time\">15:50<\/div>\n<div class=\"caption-line-text\">stock market with it up into an extreme bubble where it was larger than the<\/div>\n<\/div>\n<div id=\"cp-165\" class=\"caption-line\" data-time=\"954.89\">\n<div class=\"caption-line-time\">15:54<\/div>\n<div class=\"caption-line-text\">economy and here we&#8217;re back up in these just insane levels it has to seek<\/div>\n<\/div>\n<div id=\"cp-166\" class=\"caption-line\" data-time=\"961.04\">\n<div class=\"caption-line-time\">16:01<\/div>\n<div class=\"caption-line-text\">equilibria I believe that it is done the stock market is rolling over and you&#8217;re<\/div>\n<\/div>\n<div id=\"cp-167\" class=\"caption-line\" data-time=\"967.27\">\n<div class=\"caption-line-time\">16:07<\/div>\n<div class=\"caption-line-text\">going to see something big but this data I haven&#8217;t presented for quite a while<\/div>\n<\/div>\n<div id=\"cp-168\" class=\"caption-line\" data-time=\"971\">\n<div class=\"caption-line-time\">16:11<\/div>\n<div class=\"caption-line-text\">and when you add this to the stock market data this is one of the pieces<\/div>\n<\/div>\n<div id=\"cp-169\" class=\"caption-line\" data-time=\"978.01\">\n<div class=\"caption-line-time\">16:18<\/div>\n<div class=\"caption-line-text\">and then the next chart after this that says that we&#8217;re in for the biggest crash<\/div>\n<\/div>\n<div id=\"cp-170\" class=\"caption-line\" data-time=\"982.84\">\n<div class=\"caption-line-time\">16:22<\/div>\n<div class=\"caption-line-text\">in history this is Dr Robert Schuller&#8217;s data and he&#8217;s probably the world&#8217;s<\/div>\n<\/div>\n<div id=\"cp-171\" class=\"caption-line\" data-time=\"987.43\">\n<div class=\"caption-line-time\">16:27<\/div>\n<div class=\"caption-line-text\">authority real estate prices and bubbles and his data goes back into the late<\/div>\n<\/div>\n<div id=\"cp-172\" class=\"caption-line\" data-time=\"994.15\">\n<div class=\"caption-line-time\">16:34<\/div>\n<div class=\"caption-line-text\">eighteen eight I believe this goes back to 1887<\/div>\n<\/div>\n<div id=\"cp-173\" class=\"caption-line\" data-time=\"998.94\">\n<div class=\"caption-line-time\">16:38<\/div>\n<div class=\"caption-line-text\">but you&#8217;ve got an area here of fair value and then you&#8217;ve got areas where<\/div>\n<\/div>\n<div id=\"cp-174\" class=\"caption-line\" data-time=\"1006.22\">\n<div class=\"caption-line-time\">16:46<\/div>\n<div class=\"caption-line-text\">real estate within this small bubbles and then the biggest bubble in history<\/div>\n<\/div>\n<div id=\"cp-175\" class=\"caption-line\" data-time=\"1011.22\">\n<div class=\"caption-line-time\">16:51<\/div>\n<div class=\"caption-line-text\">basically engineered by the Federal Reserve and then that the craziness with<\/div>\n<\/div>\n<div id=\"cp-176\" class=\"caption-line\" data-time=\"1016.22\">\n<div class=\"caption-line-time\">16:56<\/div>\n<div class=\"caption-line-text\">mortgage-backed securities and how slipping and all of that stuff so the<\/div>\n<\/div>\n<div id=\"cp-177\" class=\"caption-line\" data-time=\"1020.51\">\n<div class=\"caption-line-time\">17:00<\/div>\n<div class=\"caption-line-text\">biggest hyper bubble in history if you look at my 2005 predictions from the<\/div>\n<\/div>\n<div id=\"cp-178\" class=\"caption-line\" data-time=\"1025.93\">\n<div class=\"caption-line-time\">17:05<\/div>\n<div class=\"caption-line-text\">year 2005 I was presenting this data before the market started rolling over<\/div>\n<\/div>\n<div id=\"cp-179\" class=\"caption-line\" data-time=\"1031.15\">\n<div class=\"caption-line-time\">17:11<\/div>\n<div class=\"caption-line-text\">and crashed a couple of years before so the market&#8217;s didn&#8217;t rollover crash until<\/div>\n<\/div>\n<div id=\"cp-180\" class=\"caption-line\" data-time=\"1036.74\">\n<div class=\"caption-line-time\">17:16<\/div>\n<div class=\"caption-line-text\">2007 I was giving that present presentation I believe in August of 2005<\/div>\n<\/div>\n<div id=\"cp-181\" class=\"caption-line\" data-time=\"1041.86\">\n<div class=\"caption-line-time\">17:21<\/div>\n<div class=\"caption-line-text\">that I was showing and I said real estate was in a hyper bubble and that it<\/div>\n<\/div>\n<div id=\"cp-182\" class=\"caption-line\" data-time=\"1046.79\">\n<div class=\"caption-line-time\">17:26<\/div>\n<div class=\"caption-line-text\">was going to crash and it was based on Robert Schuller&#8217;s data which back then<\/div>\n<\/div>\n<div id=\"cp-183\" class=\"caption-line\" data-time=\"1051.59\">\n<div class=\"caption-line-time\">17:31<\/div>\n<div class=\"caption-line-text\">was very obscurity nobody paid attention to it was just a college professor with<\/div>\n<\/div>\n<div id=\"cp-184\" class=\"caption-line\" data-time=\"1058.5\">\n<div class=\"caption-line-time\">17:38<\/div>\n<div class=\"caption-line-text\">his ramblings everybody but if you look at this I mean real estate crashed in<\/div>\n<\/div>\n<div id=\"cp-185\" class=\"caption-line\" data-time=\"1064.97\">\n<div class=\"caption-line-time\">17:44<\/div>\n<div class=\"caption-line-text\">the crisis of 2008 and just came down near fair value and bounced back up into<\/div>\n<\/div>\n<div id=\"cp-186\" class=\"caption-line\" data-time=\"1070.7\">\n<div class=\"caption-line-time\">17:50<\/div>\n<div class=\"caption-line-text\">an extreme Bible so real estate is going to be crashing along with the stock<\/div>\n<\/div>\n<div id=\"cp-187\" class=\"caption-line\" data-time=\"1076.34\">\n<div class=\"caption-line-time\">17:56<\/div>\n<div class=\"caption-line-text\">market but then we have been in a bull market for 35 years since 1981 until<\/div>\n<\/div>\n<div id=\"cp-188\" class=\"caption-line\" data-time=\"1085.03\">\n<div class=\"caption-line-time\">18:05<\/div>\n<div class=\"caption-line-text\">2016 we&#8217;ve been in this perfect bond bull market this is the thirty-year us&#8217;<\/div>\n<\/div>\n<div id=\"cp-189\" class=\"caption-line\" data-time=\"1091.96\">\n<div class=\"caption-line-time\">18:11<\/div>\n<div class=\"caption-line-text\">Treasury bond price and during a crash people do run toward bonds as the one of<\/div>\n<\/div>\n<div id=\"cp-190\" class=\"caption-line\" data-time=\"1098.98\">\n<div class=\"caption-line-time\">18:18<\/div>\n<div class=\"caption-line-text\">the safe-haven investments there&#8217;s precious metals and bonds are basically<\/div>\n<\/div>\n<div id=\"cp-191\" class=\"caption-line\" data-time=\"1103.29\">\n<div class=\"caption-line-time\">18:23<\/div>\n<div class=\"caption-line-text\">the safe-haven investments and so bonds will be the short-term beneficiary of<\/div>\n<\/div>\n<div id=\"cp-192\" class=\"caption-line\" data-time=\"1109.72\">\n<div class=\"caption-line-time\">18:29<\/div>\n<div class=\"caption-line-text\">this that eventually with all the currency printing and the Fed buying<\/div>\n<\/div>\n<div id=\"cp-193\" class=\"caption-line\" data-time=\"1115.1\">\n<div class=\"caption-line-time\">18:35<\/div>\n<div class=\"caption-line-text\">bonds to print currency that&#8217;s the way that they do it is this ad writes a<\/div>\n<\/div>\n<div id=\"cp-194\" class=\"caption-line\" data-time=\"1121.83\">\n<div class=\"caption-line-time\">18:41<\/div>\n<div class=\"caption-line-text\">check for an asset and usually that asset is abhorrent but since 2008<\/div>\n<\/div>\n<div id=\"cp-195\" class=\"caption-line\" data-time=\"1127.29\">\n<div class=\"caption-line-time\">18:47<\/div>\n<div class=\"caption-line-text\">it&#8217;s a mixture of bonds and mortgage-backed securities so the Fed is<\/div>\n<\/div>\n<div id=\"cp-196\" class=\"caption-line\" data-time=\"1131.36\">\n<div class=\"caption-line-time\">18:51<\/div>\n<div class=\"caption-line-text\">going to be probably buying stuff like crazy and creating insane amounts of<\/div>\n<\/div>\n<div id=\"cp-197\" class=\"caption-line\" data-time=\"1136.87\">\n<div class=\"caption-line-time\">18:56<\/div>\n<div class=\"caption-line-text\">currency going into this stock market crash but they&#8217;re not going to be able<\/div>\n<\/div>\n<div id=\"cp-198\" class=\"caption-line\" data-time=\"1141.85\">\n<div class=\"caption-line-time\">19:01<\/div>\n<div class=\"caption-line-text\">to presented and you know the last time they started their printing right now<\/div>\n<\/div>\n<div id=\"cp-199\" class=\"caption-line\" data-time=\"1146.64\">\n<div class=\"caption-line-time\">19:06<\/div>\n<div class=\"caption-line-text\">near the bottom of the crash the crash had already happened the markets would<\/div>\n<\/div>\n<div id=\"cp-200\" class=\"caption-line\" data-time=\"1151.24\">\n<div class=\"caption-line-time\">19:11<\/div>\n<div class=\"caption-line-text\">have bottomed some time or another and recovered and they just probably cut it<\/div>\n<\/div>\n<div id=\"cp-201\" class=\"caption-line\" data-time=\"1157.06\">\n<div class=\"caption-line-time\">19:17<\/div>\n<div class=\"caption-line-text\">a little bit earlier the markets should have gone down a little bit further than<\/div>\n<\/div>\n<div id=\"cp-202\" class=\"caption-line\" data-time=\"1160.2\">\n<div class=\"caption-line-time\">19:20<\/div>\n<div class=\"caption-line-text\">they did in reached equilibrium before they balanced but that brings me right<\/div>\n<\/div>\n<div id=\"cp-203\" class=\"caption-line\" data-time=\"1166\">\n<div class=\"caption-line-time\">19:26<\/div>\n<div class=\"caption-line-text\">back to all these questions about this low the latest forecast this is still a<\/div>\n<\/div>\n<div id=\"cp-204\" class=\"caption-line\" data-time=\"1172.52\">\n<div class=\"caption-line-time\">19:32<\/div>\n<div class=\"caption-line-text\">forecast for the first quarter of GDP being because all of the data from that<\/div>\n<\/div>\n<div id=\"cp-205\" class=\"caption-line\" data-time=\"1178.83\">\n<div class=\"caption-line-time\">19:38<\/div>\n<div class=\"caption-line-text\">first quarter is not in yet so when this data becomes set in stone I&#8217;m expecting<\/div>\n<\/div>\n<div id=\"cp-206\" class=\"caption-line\" data-time=\"1185.1\">\n<div class=\"caption-line-time\">19:45<\/div>\n<div class=\"caption-line-text\">this to be a minus figure then you&#8217;ve got the extra Federal Reserve Board of<\/div>\n<\/div>\n<div id=\"cp-207\" class=\"caption-line\" data-time=\"1191.94\">\n<div class=\"caption-line-time\">19:51<\/div>\n<div class=\"caption-line-text\">Governors meetings the fact that every news agency has ignored the board<\/div>\n<\/div>\n<div id=\"cp-208\" class=\"caption-line\" data-time=\"1199\">\n<div class=\"caption-line-time\">19:59<\/div>\n<div class=\"caption-line-text\">meetings and they just covered the White House meeting with a bunch of stuff that<\/div>\n<\/div>\n<div id=\"cp-209\" class=\"caption-line\" data-time=\"1204.99\">\n<div class=\"caption-line-time\">20:04<\/div>\n<div class=\"caption-line-text\">was all based off of the White House press release that signals to me that<\/div>\n<\/div>\n<div id=\"cp-210\" class=\"caption-line\" data-time=\"1212.3\">\n<div class=\"caption-line-time\">20:12<\/div>\n<div class=\"caption-line-text\">the the press is either complacent or complicit they are either going along<\/div>\n<\/div>\n<div id=\"cp-211\" class=\"caption-line\" data-time=\"1219.17\">\n<div class=\"caption-line-time\">20:19<\/div>\n<div class=\"caption-line-text\">with the government and basically saying everything is fine do not worry Janet<\/div>\n<\/div>\n<div id=\"cp-212\" class=\"caption-line\" data-time=\"1226.53\">\n<div class=\"caption-line-time\">20:26<\/div>\n<div class=\"caption-line-text\">Yellen is doing a wonderful job<\/div>\n<\/div>\n<div id=\"cp-213\" class=\"caption-line\" data-time=\"1228.909\">\n<div class=\"caption-line-time\">20:28<\/div>\n<div class=\"caption-line-text\">or they&#8217;re just complacent and the best that they can do is all covered the same<\/div>\n<\/div>\n<div id=\"cp-214\" class=\"caption-line\" data-time=\"1235.19\">\n<div class=\"caption-line-time\">20:35<\/div>\n<div class=\"caption-line-text\">story all right at the same either way it&#8217;s very bad and it worries me that<\/div>\n<\/div>\n<div id=\"cp-215\" class=\"caption-line\" data-time=\"1243.59\">\n<div class=\"caption-line-time\">20:43<\/div>\n<div class=\"caption-line-text\">there could be some big blow up happening in the background something<\/div>\n<\/div>\n<div id=\"cp-216\" class=\"caption-line\" data-time=\"1248.999\">\n<div class=\"caption-line-time\">20:48<\/div>\n<div class=\"caption-line-text\">much bigger than anybody knows about right now that the fed is currently in<\/div>\n<\/div>\n<div id=\"cp-217\" class=\"caption-line\" data-time=\"1254.09\">\n<div class=\"caption-line-time\">20:54<\/div>\n<div class=\"caption-line-text\">the process of dealing with in papering over so that&#8217;s my report for April 11 of<\/div>\n<\/div>\n<div id=\"cp-218\" class=\"caption-line caption-line-highlight\" data-time=\"1261.479\">\n<div class=\"caption-line-time\">21:01<\/div>\n<div class=\"caption-line-text\">2016 thank you very much for listening and we&#8217;ll see you next time<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35967","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/35967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35967"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/35967\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}