American traders…swimming in a sea of madness

Greetings,

There is a Bible prophecy which warns us that “Babylon is falling never to rise again.” In this warning it teaches you that the country and people of modern Babylon will become like the people and city of ancient Babylon that was destroyed and has not risen up a people or a city since its destruction.

America seems to be the answer to many of the Bible’s and the Holy Qur’an’s prophecies. It is mentioned in Jeremiah (51:9) that ancient Babylon could have been healed but was not, for her wickedness was such that she was neither healed nor forgiven.

She is buckling under tremendous stress. Her money markets are sinking in economic quicksand. The more that they fight the more that they sink.

Just as with Babylon, her leaders are corrupt. Her people are confused. The whole nation is suffering from confusion. The land is confounded.

We see this in the working of the fall of America today. I say fall, for most surely this is the divine fall of America, as it was of ancient Babylon.

Economic collapse everywhere and confusion abounds. America is now in the same snare that God set for ancient Babylon. She will not free herself from this plight which is destroying her completely.

Fleckenstein: We Are Operating In A Sea Of Madness Right Now

Today Bill Fleckenstein warned King World News that we are now operating in a sea of madness. Below Fleckenstein, who is President of Fleckenstein Capital, lays out exactly what he believes is going to transpire in the markets in coming weeks and months. This interview is Fleckenstein at his best.

Fleckenstein: “Obviously the (recent) decline caught a lot of people by surprise and now we’re having a ferocious rally, which in part was inspired by people feeling good when Bullard and the other doves from the Fed said that maybe they’d be more willing to restart QE. But QE is not going to be restarted until the market is much weaker.

“So I think that the stock market is on borrowed time because I continue to believe that it can’t stay up here at the 1,900 – 2,000 level on the S&P without free money. So if that thesis is correct, the question is: Where will the rally fail? We just have to wait and see because we don’t really know if it’s finally time for the market to really get clubbed or if it’s not quite ready.

Again, the amount of money that’s been printed by the Fed and is currently being printed by the other central banks is so gargantuan that it’s very difficult to really comprehend what it really means, and what the lag time is between when they stop and when problems start.

There have been a fair amount of companies that have had stumbles, whether it’s Netflix, Google, Amazon, IBM, or some of the chip companies. And some of them are punished and some of them are punished quite hard and others aren’t. So I’m very curious to see where the market starts to roll over…..more here

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