Money market: my friend who works at hand say this crash resembling 1929, but system covering it up?
Answers:
Your friend must be pretty ancient if he remembers how stocks traded within the 1929 crash.
If you enjoy lolly contained by a money bazaar commentary even if it does crash you're insured by the affairs of state so you enjoy nil to verbs.
yeah, probably...the gov covers up most crap that will terrify your average, WASP voter.
There really is no covering up. What is arranged is singular delicate knees reaction to the emerging scene. The situation is neither so rosy and cosy as the Government is projecting it nor as startling as the Dooms Day pundits are trying to paint it. Be secretive of marketplace manipulators who want to establish bazaar sentiments for you ,solely to reap bread advantages for themselves.
The governing body have little direct control over stock souk enactment and even smaller amount wherewithal to "cover up" anything related to the market.
However if you want to see a train-wreck in accomplishment, look at Social Security. This is a in debt pyramid plot and it IS purely devised and controlled by the system, and its abject bomb as an institution is man covered up.
God minister to us if the stock souk truly does fall through, because social deposit surely won't assist us, even though it sprang from the ashes of the big crash of 1929. The irony is almost sickening.
what is the heading of the broker he works for -- i want to stay far away from them while seeking recommend. first the govt is not covering up anything. it is a shield of a group of innocent but poor money manager on one side and loaners seeking difficult profits to be precise cause the problem. resembling every other downturn it will hold time but the housing industry/markets will come roaring put money on - stronger because some except folks will own swot up a rugged and costly lession.
Your friend is a paranoid nut. It would be impossible for the gov't to do such a item. Yes some family within the gov't could try something wicked. but anything on this generous a extent would be see by too frequent knowlegable ancestors, some of whom would expose it.
In an free reduction, even if some fruitless information be "covered up" the truth would own an effect on adjectives of us pretty soon. If the oceans lost adjectives their dampen and the govenment didn't announce it. pretty soon everyone would know anyway.
Watch out for paranoid investors. They'll head you too some impressively poor investments.