by David Kranzler
Investment Research Dynamics
Today is Bastille Day in France which celebrates the overthrow of the French feudal monarchy and the establishment of a Constitutional Monarchy. The storming of the Bastille was a key event in the French Revolution.
It’s ironic that the course of the U.S. Government, and it’s original “Bill of Rights” foundation upon which the French “Declaration of the Rights of Man and of the Citizen” was based, is going in the opposite direction of the gift given to us by the Founding Fathers.
The 3rd massive stock market bubble in 16 years is emblematic of the fraudulent Ponzi scheme that has engulfed the United States political, economic and financial system. The Fed now as much as openly admits that it is driving the stock market higher, ostensibly with the goal of stimulating economic growth.