soc gen also looks at the bond market and they're saying by the way that you know it's the fed by. saying all these bonds that drives the risk appetite which is it indirectly then causing the stock market to soar so in the bond market this is what the 10 year treasury should be instead for their part the soc gen analysts using a mix of wheat glee macro economic indicators running back to 2005 took a stab at estimating the effect of the fed's bond buying effort on the benchmark 10 year treasury yield no they concluded that q.e. likely knocks around $180.00 basis points or $1.00 percentage points off the 10 year yield so again putting it into this historical context the 10 year yield in an american economy that is capitalist and is foundationally constructed on a central bank and banking system feeding into the not for normal class the long term rates are traditionally and you can make a strong case for them to be without equivocation around 4 to 5 percent that give savers enough money to save for retirement if they work hard in the economy when the fed started buying back these bond

postal the central bank started printing credit for the bailout the global financial system and now soc gen society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds so how much of the stock market's rise over the last 11 years is due to q e here is an estimate the s. and p. $500.00 would be trading closer to $1800.00 without fed bond buying says society in general right now is at $3500.00 it should be at $1800.00 if it weren't for the fed buying up all the basically the bad assets off the banks' balance sheets this has a lot of implications ok so without the money printing the markets would be 5060 percent lower that's point number one point number 2 is that asic until in fact that means that myself i own stocks bonds and gold and because that means that the markets exist as a transfer mechanism so the fed can't just print money for me individually they print it so that executives buy back their own stocks of stocks that i own in the night benefit accordingly and as you p

so you know, the soc gen data. again they said, so the stock market, the s. and p. 500, is that 3500 it should be at 800 and they say that the nasdaq should be closer to 5000. then 11000,, which is totally remarkable. and just to show you the charts on the s., this is the s. and p. $500.00 where it is. and that's where it should be the red line. it if it weren't for q.e. and nasdaq $100.00, you see the huge gap there. and of course gaps usually close should this quantitative easing ever, and if it ever can, and right, that, that's like a whole nother story to cover. but let's compare biden. he comes into office potentially. and this means that i believe we're going to see a repeat of 2008. remember, obama took office and because obama was a pretty young guy at the time and didn't come through finance. and he was a law student and very good with constitutional law. but he didn't know anything about wall street. he kind of threw the keys of wall street over larry summers and all these other folks. and they went ahead and they created the global financial crisis

postal the central bank started printing credit for the bailout the global financial system and now soc gen society general has actually quantified how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds so how much of the stock market's rise over the last 11 years is due to q e here is an estimate the s. and p. $500.00 will be trading closer to $1800.00 without fed bond buying says society in general right now is that $3500.00 it should be at $1800.00 if it weren't for the fed buying up all the basically the bad assets off the banks' balance sheets yeah this has a lot of implications ok so without the money printing the markets would be 5060 percent lower ok that's point number one point number 2 is that asic until i'm a fact that means that myself i own stocks bonds and gold and because that means that the markets exist as a transfer mechanism so the fed can just print money for me individually they print it so that executives buy back their own stocks of stocks that i own in the night benefit accordingly and