Another great video Greg, first I want to take a minute and thank you for introducing steemit to all of your you tube followers. This platform is truly awesome. No back to the video, the Fed is bound and determined to keep this market afloat, they will continue to do this untill they are ready to bring it down. King dollar can not stay king forever. Thanks again for all the info
Steem Based Dollars (I think) I am trying to quickly figure out payment systems here myself. However: many of the "OLD SCHOOLERS" here all seem to do the 100% SBD.
So until I can figure out the how's and why's myself and try to give a honest "no B.S." assessment,.. I'm following the money makers reasons.
That at the present time is 50% Steem Power and 50% Steem Backed Dollars.
SBD are trading at a very nice premium so if your goal is to "cash out" or to "power up" the best option is still the 50/50 payout.
You can then either send the SBD to an external exchange and trade for Bitcoin or other cryptos or use the internal exchange to buy Steem and then power that up..
Of course the Fed has this markets back. Their plunge protection team have been covertly buying stocks for years now as a matter of "national security".. lol
If we had a free market this fake market would plunge and the wealthy elites would lose the most. The Fed has a mandate to protect them.
It's pretty obvious - the spokesperson comes out and makes a statement as the federal reserve moves to prop the whole thing back up by pumping in a bunch of fiat money. Problem: they are actually buying up our assets with worthless paper - and we keep on letting them.
People are moving away from the Dollar - into Cryptocurrency. That's why crypto's have $70 Billion in them and have skyrocketed over the last 3 months.
IT is all about manipulation. They will bring it all down when they choose to. Not when it makes sense to the NORMAL person. Perhaps they want to make a few more coins off of the market and suck the blood out of the turnip before they throw it out for the 1988 Economist prediction from cover of a phoenix rising from an ashes of dollars and a gold medallion. They need if possible to wait until next year when they are more prepared to force a new currency on everyone. As for me and my household it is silver, gold and crypo
i, also want to give thanks to Mr. Mannarino for introducing me to steemit on his utube videos. i've made 5 blogs in just a few days, hoping to add to the community. you will be my first follow and of course an upvote, also. thankyou.
I can sense a loss of control creeping under the edge of the rug. Something evil this way comes (for central banks that is). People are losing confidence in the system, and the increase of total crypto-currency market cap directly reflects this.
The Federal Reserve will do another round of quantitative easing that could last another 10 years. But I don't think that's the case because the Federal Reserve is run by globalists who want to fu ck Trump.
"The market can stay irrational longer than you can stay solvent". Old Wall St. saying.
The Japanese government has been pumping its stock market for 40 years. Who's to say that the Fed and the Plunge Protection Team won't be doing the same here for the next 100 years? It's already been 9 years here in the USA. @froghollow
Thanks Greg, good info. Makes you wonder if the Fed will just continue to pump and devalue the dollar. Maybe someday we will be looking back at Dow 20k like we did when the Dow hit 10k? When will it end? jbcoin
Does anyone else believe that anything can crash this market? It seems it is made of Teflon and nothing sticks. I can not imagine what it would take for it to crash?
There is a reason why the Federal Reserve is not fully audited. They have been covertly buying stocks since 2009 with unaudited electronic money. What's to stop them?
The more I see something like this the more I wonder if there will be Marie Antoinette moment. Although this time is be some wall street guy saying to them "Let them buy stock"
This market is just going up and up, whit low interest rates and that what is pushing it. Low rates by definition building bubbles. For now it seems that good strategy will be, if you always buying the dips.
This post has been ranked within the top 10 most undervalued posts in the second half of May 23. We estimate that this post is undervalued by $49.61 as compared to a scenario in which every voter had an equal say.
Another great video Greg, first I want to take a minute and thank you for introducing steemit to all of your you tube followers. This platform is truly awesome. No back to the video, the Fed is bound and determined to keep this market afloat, they will continue to do this untill they are ready to bring it down. King dollar can not stay king forever. Thanks again for all the info
It does not matter what the Fed does. This is a bull market, that is all.
so you think the Fed has no effect on markets?
Greg, do you like the 100% power up steemit, or the 50-50 split?
I go all in SBD and here is why.
https://steemit.com/steem-price/@papa-pepper/warning-are-steem-and-sbd-really-just-monopoly-money#@papa-pepper/re-jtest-re-papa-pepper-warning-are-steem-and-sbd-really-just-monopoly-money-20170523t185100135z
What does SBD stand for?
Steem Based Dollars (I think) I am trying to quickly figure out payment systems here myself. However: many of the "OLD SCHOOLERS" here all seem to do the 100% SBD.
So until I can figure out the how's and why's myself and try to give a honest "no B.S." assessment,.. I'm following the money makers reasons.
Actually, the default when posting is 50/50
That at the present time is 50% Steem Power and 50% Steem Backed Dollars.
SBD are trading at a very nice premium so if your goal is to "cash out" or to "power up" the best option is still the 50/50 payout.
You can then either send the SBD to an external exchange and trade for Bitcoin or other cryptos or use the internal exchange to buy Steem and then power that up..
Many options :)
Thanks for the insight...never really understood it before!!
Right on @jtest !
I was expecting a big drop too. You are dead on with what's happening.
PPT baby!! The stock market got nationalized in 2009.
Excellent point!
Of course the Fed has this markets back. Their plunge protection team have been covertly buying stocks for years now as a matter of "national security".. lol
If we had a free market this fake market would plunge and the wealthy elites would lose the most. The Fed has a mandate to protect them.
You hit the nail on the head! It's a game and they have all the face cards!
@digestingreality
a lot of those wealthy elites are teachers (via teacher's pension) and other pensioners.
I totally agree. It's sad that pensioners are tied to a stock market and economy that's in Decline
those eyes lol
This is incredible!
Be Your Own Central Bank.
B.Y.O.C.B. has become my 'Mantra'.
You are helping so many people Greg. Thank you. We will have you canonised! I wouldn't rush to the Vatican just yet Tho'. :)
If you would like any more 'FREE' artwork (family portrait perhaps), please post me.
Kindest regards
( I intend to give away the steam that @no-more-boxes creates, give to universe and universe gives back). Peace.
Oh that's clever!!!!
It's pretty obvious - the spokesperson comes out and makes a statement as the federal reserve moves to prop the whole thing back up by pumping in a bunch of fiat money. Problem: they are actually buying up our assets with worthless paper - and we keep on letting them.
People are moving away from the Dollar - into Cryptocurrency. That's why crypto's have $70 Billion in them and have skyrocketed over the last 3 months.
IT is all about manipulation. They will bring it all down when they choose to. Not when it makes sense to the NORMAL person. Perhaps they want to make a few more coins off of the market and suck the blood out of the turnip before they throw it out for the 1988 Economist prediction from cover of a phoenix rising from an ashes of dollars and a gold medallion. They need if possible to wait until next year when they are more prepared to force a new currency on everyone. As for me and my household it is silver, gold and crypo
Thanks Greg for telling me about STEEMIT, watch your videos on YOUTUBE and really enjoy your content!
i, also want to give thanks to Mr. Mannarino for introducing me to steemit on his utube videos. i've made 5 blogs in just a few days, hoping to add to the community. you will be my first follow and of course an upvote, also. thankyou.
I can sense a loss of control creeping under the edge of the rug. Something evil this way comes (for central banks that is). People are losing confidence in the system, and the increase of total crypto-currency market cap directly reflects this.
For how long will they (fed) be able to back this market? It will collapse someday I asume.
The Federal Reserve will do another round of quantitative easing that could last another 10 years. But I don't think that's the case because the Federal Reserve is run by globalists who want to fu ck Trump.
No way, Trump is their useful idiot.
Good job Greg.
common market manipulation stuff by the bankrupt Fed.
Good Job Greg.
neel kashkari janet yellen hopium LOL
"The market can stay irrational longer than you can stay solvent". Old Wall St. saying.
The Japanese government has been pumping its stock market for 40 years. Who's to say that the Fed and the Plunge Protection Team won't be doing the same here for the next 100 years? It's already been 9 years here in the USA. @froghollow
Greg thank you for reporting the real truth
Let's capitalize on this boys!!
Rrrrrrrrooooooooooaaaaaarrrrrrr!!!
Creepy ( ͡° ͜ʖ ͡°)
I believe not only is the Fed propping up the market but also the big companies by buying back their own stock!
Buying back their own stock with free money from the Federal Reserve!
How would you like to have THAT business plan?
and that is after the top 5 take 25% of the profits
Awesome post. Followed, hoping for some good tips...
Greg is spot on, as we get closer to summer we get the more into the Twilight Zone we go
Hello,
I follow your block from an year now, but I am writing to you for the first time in steemit. Your are the best!!
Regards,
Zhelyo Zhelev
Thanks Greg, good info. Makes you wonder if the Fed will just continue to pump and devalue the dollar. Maybe someday we will be looking back at Dow 20k like we did when the Dow hit 10k? When will it end? jbcoin
thank you as always Greg!
if any of your readers like other topics such as photography, please have a look at my STEEMIT blog, thanks!
nice one Greg!
for the most part i have bot every dip since 2009...i just don't think it will stop.
Neil...hah!
Good information as always.
Great video Greg. I agree 100%.
Does anyone else believe that anything can crash this market? It seems it is made of Teflon and nothing sticks. I can not imagine what it would take for it to crash?
There is a reason why the Federal Reserve is not fully audited. They have been covertly buying stocks since 2009 with unaudited electronic money. What's to stop them?
Faith in any and all markets happen quickly. Its time to get out, its better to be 3 month to 6 months early then 1 second late. Happy stacking!
His speech was probably written before the bombs went off if you know what I mean.
Thanx re-steemed
great video and I'm starting to post videos here as well its a great way to share :))
I love listening to you.Iplan on following you and take some of your advice.
Nice work...
The more I see something like this the more I wonder if there will be Marie Antoinette moment. Although this time is be some wall street guy saying to them "Let them buy stock"
thanks greg for inviting me here.
Iv really enjoyed steemit.
We live in a monetary rabbit hole !
This market is just going up and up, whit low interest rates and that what is pushing it. Low rates by definition building bubbles. For now it seems that good strategy will be, if you always buying the dips.
This post has been ranked within the top 10 most undervalued posts in the second half of May 23. We estimate that this post is undervalued by $49.61 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 23 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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I feel like I am stuck in the Twilight Zone.
Thank you for taking time out to provide us with this magnificiant news.