Financial, Economic and Social Mood Update (November 1, 2017)
Financial, Economic and Social Mood Update (November 1, 2017) The US stock market continues to be very robust – the Dow Jones 30 Industrials Index reached a new record nominal high of 23,518 on November 1, 2017. The NASDAQ Composite Index hit a new record nominal high of 6760, the S&P 500 Index did likewise (2,588) as did the Wilshire 5000 “Total Market Index” (26,801) on the same date. Keep in mind that these records are “nominal” high values, but NOT real purchasing high values. In other words, the real purchasing power of all global fiat currencies continues to fall. You might be making “good” money – but you might not necessarily feel rich. The power structure, or the “corporate state” in many countries all over the world is in the process of collapsing or imploding – due to corruption and over-extension (i.e., drowning in debt, unfunded liabilities and in “hedged” derivative financial instruments). Here is an interesting summary of the present-day liability balance sheet of planet earth (US Dollar figures listed in MILLIONS): US-Dollar denominated financial derivatives: ($4,000,000,000) US Dollar-denominated debt (UN): ($223,000,000) US Total Unfunded Liabilities: ($150,000,000) FMV of all global equities (08/27/2014): ($66,000,000) EU Pension Liabilities: ($39,300,000) Japan Total Debt and Unfunded Liabilities: ($19,921,661) United Kingdom of Great Britain and N. Ireland: ($10,157,000) Federal Republic of Germany: ($5,674,000) French Republic (France): ($5,632,000) Public Sector Pension shortfall (USA): ($4,700,000) Italian Republic (Italy): ($2,600,000) Netherlands: ($2,590,000) Kingdom of Spain: ($2,392,000) Ireland: ($2,260,000) Kingdom of Belgium: ($1,457,000) Swiss Confederation: ($1,332,000) Commonwealth of Australia: ($1,283,000) Hong Kong (Peoples Republic of China): ($939,830) Hellenic Republic (Greece): ($546,920) Portugal: ($511,940) S&P 1000 Unfunded Pension Liability (USA): ($435,000) The financial derivatives listed above are thus worth US $4 QUADRILLION. Please note that the entire global stock market is miniscule by comparison. Derivatives are a…