Federal Reserve Intervention Creates Bubbles
Is Bitcoin Being Manipulated?
0:00-6:22 Introduction- Week in Review; discussion of interest rates; waiter terminator/robots
6:23-10:00 Review of poor holiday shopping numbers and 3rd Qtr GDP; discussion of the interpretation of economic data and how the Fed uses its to continue QE but also to threaten to taper it; Fed’s intention to keep interest rates low for years with out QE admitting the economy is weak;the taper bluff for five years
10:00:17:50 will the Fed taper in December? What would the implications of tapering have on the economy and interest rates;the impact of the weather on mortgage applications; new home sales and home prices; rising interest rates; buying homes for investment vs as a primary residences; employment situation; Obama care; low paying jobs; job creation
17:50-22:09 consumer behavior and patronage of Walmart and JP Morgan; companies cutting expenses by cutting employees to support their stock prices; impact of QE on corporate behavior; Applebee’s robotic waiters vs live waiters; minimum wage
22:09-27:29 government contracts; congressional budget debate; raising the debt ceiling and increasing spending; 2014 elections; Obamacare
27:29-31:10 the debt limit and foreign purchases of US Treasuries; austerity, when will the US cut its deficit? media coverage of the stock market;Fed intervention in the treasury stock gold and silver markets.
Why People Buy Bitcoin
31:10-36:31 why people buy Bitcoin; how the Fed encourages speculation, the impact of an asset crash on the wealthy and middle class; taper meter; housing recovery watch
36:31-44:19 qualified residential mortgage rule debt to income ratios and interest rates; the impact of non farm payroll report and interest rates and Fed tapering in December;direction of home prices; Fed impact on the housing market
44:19 – Bernanke and Bank of America on Bitcoin; transaction tracking and taxation;gold and silver as barometers of the value of the dollar; private individuals creating currencies vs private individuals issuing stocks; crushing or embracing a threat;manipulation of Bitcoin