Financial Crisis Solved – Kong Awarded

Wouldn’t that be a headline I’d love to see.

Seriously though ( and as simple as it sounds ) wouldn’t it make a lot more sense to print 85 billion dollars per month and just give the money directly to the people?

Literally – just start printing cheques for 10’s of thousands of dollars at a time and send them directly to the consumers who will in turn “use” the money to ??

Yes! Stimulate the economy! Buy things, pay off credit card loans, make home improvements, take holidays, purchase cars, start new businesses, eat in restaurants, get educated. Everything the government “claims” that QE is supposed to be achieving only much faster and WITHOUT THE ADDED BURDEN OF DEBT!

Financial Crisis Solved!

As it stands the 85 billion per month is more or less just kept in reserve at the top 5 or 6 big banks on Wall Street, and really only manifests as a couple more zero’s /decimal points on a computerized balance sheet. These banks record “record”profits, stock prices are grossly over inflated, and an entire country sits on the sidelines watching it play out on CNBC. For the most part – no better off.

You know why the government won’t do this? Because the Central Bank ( and the elite running the show ) don’t want you to get out of debt! They want to create more of it! And more, and more, and more! Until eventually “your” savings account becomes “their” savings account. The Central Bank is so powerful, so full of influence on levels (I’m talking serious “global domination type levels) that even the U.S government falls below them (more on this later).

The government needs to print “its own” money (without the sick system of “borrowing” it from a Central Bank) and inject said money – directly into the economy.

Financial Crisis Solved!

22 Responses

  1. Jworthy July 27, 2013 / 10:38 am

    Love this idea. And the post. But can I lob you another q?
    One thing Scott Bleier always says is that there is no inflation with all this money system because the new money stays in the closed loop of the financial system (big 5-6 banks as you alluded to). Would handing out hundreds of billions to the people cause the cost of goods to go up like crazy? Or is that jut a fear tactic to keep us in servitude? Any thoughts?

    Thanks Kong, and happy Saturday to you.
    J

    • Forex Kong July 27, 2013 / 1:33 pm

      To a degree you bet.

      So……as opposed to the current way of doing things, and the money just sitting with the fat cats doin nothing for the people….TAKE THE UPTICK IN INFLATION THEN! You’ve got a point er two to go! Mail those cheques baby!

      At least there would be a quantifiable / measure of the “effect” as opposed to the continued stream of complete “bogus data” coming out of the U.S.

      It’s outlandish I know – but it gets the wheels turning when one actually contemplates 85 billion PER MONTH and how it could be more effectively put to use no?

      You could likey “burn it” and save on oil imports ( he he he….again – just driving home a point ) to the degree that the current “plan” is making any difference.

      • chris fagbohun July 28, 2013 / 3:48 am

        hello my name is chris and i would like to say im glad that i have managed to link up. As i am new to trading and value your opinion very much so. At present i have signed up with 24option which is an binary option broker. please could you tell me which currency pairs would be a good starting place for me. Also please could you give me an example of how or where i should draw a line start through the middle of a squiggle? sorry not quite sure .

  2. schmederling July 27, 2013 / 11:32 am

    Abraham Lincoln tried that with the green-back & the banks would have nothing of it…. at the time England was running the show currency wish, until they moved the system over to the US……. JFK tried something similar by injecting dollars which were backed by PM….. we know how this ended…. no I think the system it’s self needs to implode for change to take place – but it’s coming…

    • Forex Kong July 27, 2013 / 1:23 pm

      As we appeal to such an international audience here – I apologize in advance to American viewers but…..isn’t it common knowledge that not only did Abe Lincoln fight tooth and nail to prevent the Rothchild’s involvement in financing the civil war but was in fact “assassinated by bankers”?

      As I’ve come to understand it ( and please everyone google “lincoln assassinated by bankers” ) this is a given.

  3. Power Corrupts July 27, 2013 / 2:59 pm

    Kong! John Wilkes Booth was an actor. If he was also a banker, that would make him a ‘bad actor’. Lincoln aside, I think there’s the seed of a plot for a blockbuster movie here. Evil bankers’ plan to enslave the world foiled by the Avengers. Or maybe a James Bond movie with the villain the worlds’ central banks instead of SPECTRE. That’s the only way the average man on the street is ever going to begin to understand the debt bondage the banks want to keep him in. Keep spreading the word and fighting the good fight.

    • Forex Kong July 27, 2013 / 8:08 pm

      You nut…..I didn’t mean “literally” killed by bankers (perhaps “hired” by bankers?)

      Love the movie idea. If you can work in a gorilla, and an alien angle – I’m in.

  4. likesbullmarkets July 27, 2013 / 7:57 pm

    really all I want is for the gov to take care of their house so I can take care of my house. I can and am takeing care of my family , but if they destroy the world economy what the *&%^ am I supposed to do. ( I said if, We know that should be “when”)

    • Forex Kong July 27, 2013 / 8:04 pm

      I hear you loud and clear – what’s a guy to do?

      These are truly crazy times we live in – no question of that. I have a very strong suspicion that many people’s retirement plans may take a bit of an adjustment at some point. Keeping one’s head above water seems to be the near term focus for most people I speak with.

  5. likesbullmarkets July 27, 2013 / 8:14 pm

    and the real answer is not for them to send 85 billion to the people. The simple truth is for them to stop takeing it and leave it in our pocket. That would be liberty
    So Kong what is the service you provide? Real time trades?( Looking for the Gary alternative ) I trade futures and got out at 1760. I have been in for up to 5 days with the gold and I did not short it except for this last move down and still got out a little to quick and am long now.

    • Forex Kong July 27, 2013 / 8:26 pm

      I plan to offer my proprietary trade technology and a real time trade area yes.

      I’ve now done considerable testing in other markets (as opposed to just straight forex) with excellent results – so the service will outline / offer real time trade on any number of currency pairs, as well SP 500 and any other symbols / markets members choose to track and trade.

      It sounds like you are pretty nimble out there – that’s great.

      Are you interested in foreign exchange at all?

      • likesbullmarkets July 27, 2013 / 9:50 pm

        yes I am. I have never looked at crosses, but trade euro, Canadian ect sometimes on the futures. I have no problem looking into crosses and jumping in once I get a feel. particularly if I have some help =)

        • Forex Kong July 27, 2013 / 9:58 pm

          Great.

          As it stands I generally give my day to day take on things (via the daily posts here at the blog) and post “general” trades via twitter there on the right column. Forex doesn’t always offer the “intra-setups” that stock traders looks for – as my trading plays out on weekly charts / fundamental analysis first…then drops to the smalller time frames. It’s not at all uncommon that several weeks go by without a lot of action – but then when the “stars align” things move quite quickly.

          For now I’d invite you to get as active as u like here in the comments area, as things roll out. Come September I think we’ll see some serious fireworks.

  6. chrissday July 28, 2013 / 6:30 am

    hello im hoping that i have finally manage to set up this blog so i can send messages lol

  7. chrissday July 28, 2013 / 6:36 am

    Well hello and may i say i valued your opinion greatly and like to join your forum. i am new to trading and like the forex market. i have been studying with babypips.com which is free online. please could you point me in the right direction as to what currency pairs at present i should be looking at? plus you mention in one of your blogs to draw a line through the area on the charts that show the most activity. im not sure where on the charts you mean ! so please when you have time could you explain ?

    regards
    chris

    • Forex Kong July 28, 2013 / 8:33 am

      Hi Chris…and welcome! Finally!

      The first time a comment is posted it needs to be “approved” and I have a feeling we may be in opposite time zones. You should be up and running now.

      So you are just getting started with Forex. I suggest you start looking at as many pairs as possible to start getting a handle on their movements. Some tend to just range / flat while others are extremely volatile and offer lots of large $$ moves. You will also want to start considering which currencies are considered “safe havens” and which are considered “risk related” – for example something like AUD/JPY where the Yen is “sold” during times of “risk appetite” and the AUD is “bought”.

      You’ll also want to track as many /USD pairs as you can as the USD is our current “global reserve currency” and plays a much larger role in currency markets than say……NOK.

      Squiggles – take a look at a current chart of NZD/USD – look at the 1 hour time frame.

      Put a horizontal line at the highest price you see over the past 24 hours ( 8105 ish ) then draw a horizontal line at the lowest price over the past 24 hours ( 8052 ish ) …….then a third horizontal line “half way in between the two”.

      Leave the lines on the chart obviously…….then zoom out and drop to a 15 minute time frame…..see anything of interest?

      • chrissday July 31, 2013 / 3:48 am

        Good morning, thank you very much for direction and your reply. Yes the time zone is different as i live in Britain. I’m very glad now that this blog site has been setup. Looking forward to your forum site as i believe its the way forward! Everywhere i look to about reading about the “Forex Kong” IS NOTHING BUT POSITIVE FEED BACK. I can see the reasons why too, as you say “look and understand the bigger picture” Macroeconomics, which makes a lot of sense to me. Once again thank you for your time and direction. I shall follow and take note. Have a good day. regards chris

        • Forex Kong July 31, 2013 / 6:39 am

          Chrissday!

          Thanks for the good word – I’m doin my best here!

          I assumed you where on the other side of the water. I’ve been in and out of London area several times, as well out to Brighton but have never really had the chance to explore the country. Lots of stuff to see I imagine.

          Yes following the “big picture” suuuuure makes these currency moves make a lot more sense – and it’s interesting too! A latge part of why I enjoy trading foreign exchange has to due with the learning/exploring of the countries involved, as it sure beats just staring at charts.

          Thanks again and glad to have you aboard!

  8. Superpositron (@superpositron) July 28, 2013 / 6:57 am

    Kong im back! I know you missed me!

    By the way i have heard this question posed before. Why not just give everyone a million bucks? Answer! That would create a spectacular bubble in almost everything. Like EVERYYYYYYTHING. Inflation would go through the roof and it would happen OVERNIGHT!!!!. It would be very bad multiplied by infinity and beyond.

    In a way we see this through subsidies. For example here in the UK the government is artificially keeping house prices up by way of first time buyer subsidies on new builds. Because of the subsidies its keeping property bubbly and keeps new builds more expensive. So its a disaster.

    I like bubbles but only in my bath and in my beer. Also subsidies in education keep university prices elevated. Subsidies are baaaaaaaad.

    • Forex Kong July 28, 2013 / 8:50 am

      SuperPositron! Ya!

      Yes of course….the idea isn’t really anything “new” and yes the real life ramifications of just “sending people money” is most certainly inflationary. I throw these ideas out to get people thinking.

      What’s on your radar? Are you trading through these long hot / boring summer days?

      • Superpositron (@superpositron) July 28, 2013 / 5:31 pm

        Its been a sweaty few weeks here. Weather related not trade related. Im mostly been boring. Jumping in and out of long gold/silver, In and out of long some euro/usd and cable, jumping in an out of short SPX while in and out of long Nikkei! (Gun to my head id say thet Nikkei is going to pop that 22 year old trend line and start making higher lows…) Im stalking a short Cable and euro/usd as im with the camp thats speculating on a firmer dollar across the board. Albeit a somewhat shallow rally for the USD though in the end it wouldn’t surprise me to see mid 130s for Cable this year and god knows what for Euro. However i know not to get too religious on these speculations. In the end i just play the levels. I’m a Chameleonic that way.

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