Craig Hemke: Bond Market Explosion Not Stoppable

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• Craig Hemke: Bond Market Explosion Not Stoppable
  by Greg Hunter’s USAWatchdog.com 
  Financial expert Craig Hemke says there is an explosion coming in the bond market–it’s just a matter of when. Hemke explains, “Yes, at some time eventually, yes, just because mathematically the debt based system is unsustainable. It’s now grown so large in the amount of continued debt that it takes to service the existing debt makes it all move exponentially against you, and it is spiraling towards an eventual failure.”
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  What can they do to stop the bond market from blowing up? Hemke contends, “You can’t. It’s not stoppable and it’s not sustainable. At some point, it simply collapses. As much as the pundits and money managers and talking heads on the financial TV want to convince everyone that everything is fine . . .and it’s just bliss and nirvana. Eventually, it is a mathematical certainty that the music stops. Getting back to China, we have ceded control of that to them . . . They can pull the plug on it whenever they want, and that is the most dangerous part of where we are headed.”
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  Hemke, who has Wall Street experience that dates back to 1990, says, “The whole thing is a charade akin to a movie set. . . . We have the illusion of markets, and that is propped up on a daily basis by the financial media who has an interest in propping it up. They parade money managers on there who have an interest in making it seem all is well because they are collecting fees. You also have the Fed pretending to be in control through their interest rate policies and trying to make it sound like the economy is doing just fine. . . .All of it is a hall of mirrors or a charade to try to convince everybody that it is all okay. When I got into this business 25 years ago, there was an actually functioning stock market . . . it was buyers and sellers, actually real people. Now, 75% of the volume of the listed stocks is done by high frequency trading computers. . . . It is a fraud, a scam and a charade.”
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