In the modern fiat system, at least 20% of listed companies are in the business of shuffling debt, rather than manufacturing or producing anything of value at the moment.
Corporations have profits only in terms of what they can engineer on their cash desks. Car companies in America stopped making money from making cars.
Now they make money leasing vehicles, then they take the income from those leases and build derivatives portfolios and Ponzi schemes, and then the executives buy back their own stocks, making them all become billionaires somehow magically.
And that happens even though those car companies were losing money and losing their market share. However the Covid-19 crisis kept those companies afloat, after various government bail-outs and financial support programs, to keep employees at bay?
Every single corporation in America pretty much just doesn’t do what it says it does. They’re gaming the system by giving you free cash from the Fed, if you’re part of the privileged class.
The S&P 500 is just a front for money-laundering. So, the entire American economy is just a facade for money-laundering at this point.
It’s a faсade for money-printing. The FED just prints money, and the Chinese, Asians and Europeans send the USA their goods for their printed money. There’s simply been a faсade of having to work.
Gold dropped nearly $200 because of the FED money printing schemes. The Kitco web site mentioned that it was a correction, in order to get the amateurs, which do not get inside information, out of the markets so the professionals can do what they were hired for to do?
RT. com / ABC Flash Point News 2020.