My sense is that the recent equity sell-off is just the beginning of a much larger move down. The bounces have been super anemic the past few days. Very unusual after such a large move lower. Strong possibility that cash is being drained from the system rather than being infused. That's the other big tool in the Central Banks arsenal that should not be overlooked. Draining liquidity. That's what I am seeing. Draining liquidity causes EVERYTHING to sell off - including commodities -much like we saw Friday. A very fast way to contain inflation for sure - however at the cost of wrecking the entire economy. A very dangerous game since if overdone - can result in systemic LOCK. Best thing to do now is to get into cash and wait for the golden buying opportunity to arise. Will be very curious to see how energy opens up next week. Crude went down over seven bucks yesterday. A huge move. Either its the beginning of a much larger move lower OR (more likely in my opinion) a shake out prior to a long weekend as part of a campaign to eliminate weak hands - steal their positions - before a much larger move higher. This is typical action before the truly historic moves in a commodity. We shall see. Good Luck to all - wherever you think this crazy market is going!
they got the big dial on the computer set to communism. and no one can do better then anyone else. They get short of cash, and they crash the market, rob us, then pick up the pieces.
Hats off for Greg! It's easy to tout how one is so smart - always calls the correct market direction - and is the consummate guru. Ego drives this tendency and sad to say - most market commentators are incapable of acknowledging their bad calls and limitations. Have been following Greg's work for over a year and to be honest his calls are FAR better than most. Takes a real man to acknowledge and recognize bad calls - let alone to overtly call them out to his followers. Confirms my sense that Greg is a straight-shooter and calls it as he sees it. We are all real lucky that he shares his knowledge. Heart this message to let Greg know how much we all appreciate him. His message to Love One Another, Care For One Another, and to be Charitable is the best message of all which truly sets him apart from all others.
Recently 2 members of the FOMC were forced to resign because they were front running ie doing what Martha Stewart went to jail for but on a much larger scale. What were they front running? The stocks the fed was buying to goose the stock “market”. A “market” rigged by a state agency isn’t a market at all of course. One of them made 609 million dollars doing this. Neither of them had to return any of the money nor suffer any consequence other than having to resign. Of course if you have a 609 million dollar portfolio who needs a job. Why does the “market” ever go down? Probably 2 reasons to create buying opportunities for connected insiders like Buffett & to maintain the illusion that a “market” actually exists to keep the suckers in the game.
I suspect that once the Federal Reserve (Fed) destroys what is left of the purchasing power of the USD they will introduce FedCoin. Upon doing so, TPTB will regulate private (non-governmental) CBDC’s out of existence with draconian “Know Your Customer” regulations. The regulatory compliance costs will make BTC, ETH etc cost prohibitive and thus non-competitive. The banksters have no intention of surrendering their fiat monopoly and aspirations for a digital control gulag over humanity. As a result, I subscribe to the Peter Schiff school of thought that all private digital crypto currencies are ultimately going to zero. In the interim, I’ll keep stacking gold and silver with the hope of surviving and thriving on the alternative black market margins.
Powell: CBDC Could Preserve Dollar’s Standing | A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday
Israel, Hong Kong enter partnership to test new CBDC against cyber risks | CryptoSlate
CryptoSlate is hiring for a handful of positions! The Bank of Israel has joined hands with the Hong...
Major Banks Urge Caution With European Union's CBDC Plans | The European Commission should stop focusing on technical details and think about whether to issue a...
ECB's Panetta says CBDC would be capped at 1.5T euros to avoid financial stability risks | European Central Bank executive board member Fabio Panetta said Wednesday that the ECB's holdings of...
Atlantic Council looks at how to maintain central bank digital currency cybersecurity | The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to...
Philippines, Vietnam study digital currencies as Alipay, WeChat Pay spread | The Philippines and Vietnam will start feasibility studies as soon as this month on issuing central...
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When will the people realize that this is all a precisely engineered THEFT for over 100 years. The mechanics of the system were outlined in an illustration before the Fed ever came into being and people still don't see it:
Sen. Aldrich and his father-in-law, J.D. Rockefeller, were operatives of Paul Warburg. Warburg was the principal member of the Jewish money interest run by N.M. Rothschild. This later became known as the Federal Reserve Bank. It is a private foreign banking agency. It is neither Federal nor does it have any reserves. This is the same international paperhanging organization that brought down and took over the Bank of London 100 years prior to the 1913 coup of the United States Treasury.
All merely Agents of the UnHoly Roman Empire and their Jesuit Legions, who gained ALL of their power by the people handing them their money for centuries in the form of 10% in Tithes, to the "church" 30% in Taxes to the "Kings (nearly all European "royalty" were "Roman Emperors" of the church) the little left of the remaining 50% after sustaining themselves were placed in Banks (all of which owned directly or indirectly by this "royalty"). This is how these parasites have gotten so powerful... the people literally GAVE it to them. ~Time To Take It ALL Back.
You over-looked the Judeo-Masonic-Protestant legions who stole the Church land and murdered (non-Jesuit) priests and Catholics across England and Ireland. There are no Traditional Catholics on the FED nor any other central banks. The Jew-Masonic war on Christianity continues to this day. It will not succeed. Christ is victorious in the final analysis. Evangelicals worship the Jews. Not Jesus.
That's why I despise evangelicals. I've had to end relationships with people I thought were family and friends over that. An evangelical is some kind of demonic enemy that by definition cannot be family or friend.
This country(USA) has always been a strange place. North America with the exception of Quebec, Louisiana and the early South Western US has been a Protestant-Masonic show. After the infiltration of the Vatican II peritti in 62-65, only the Traditionalists and Orthodox have any Sacramental priesthood and sacraments. The only ones on earth. In both the OT and NT were the predictions of the cessation of the “Daily Sacrifice.”
> all this will do is just push off a meltdown in the debt markets
For how long? I agree that their strategies are to kick the can down the road; but theyve been doing that for years. If they can keep doing it for years, then you lose by betting against them.
I believe that the Exchanges will go bankrupt and cause more selling. Exchanges have to be made more accountable before I get back in. I expect $10,000 Bitcoin real soon.
When JPM smashes down the gold price $150/oz. or more -- and we know they will whenever doing so is profitable for them -- you'll appreciate the value of protected puts.
I found out the hard way that cash in short-term investments, like T-Bills & commercial paper, just to squeeze out a bit more yield, is WAY to risky in the Debt-Implosion aka Fracturing environment. Chuck said I'm clever to go 100% cash before Greg sold his cryptos. Thanks for teaching me to think like a pro Greg! And thanks for getting Chuck into this, he's great!
Thanks Greg for working so hard and keeping us posted. These people are sick and evil. We know exactly what their end game is. I hope we beat them in their own game :)
Sorry Mr. Mannarino but I had to dump all my Crypto positions this morning to stop this bleeding. I had to tap out after 1.5 Years of DCA and more than 80% losses. Now they are real. I did learn some valuable lessons, who not to listen to and when to take profits.
Everyone is forgetting something which I think is very important to consider. COLA cost if living increases which have a huge effect on the economy. They are derived by taking the previous years July august September average inflation rates and then applying that to next years increases… mostly in social security costs. It is in the best interest of the fed to try and reduce those cost increases by fighting inflation during this time. Most likely this could also contribute to the yearly slowdown or reversal in stock market activity during those particular months. It would be interesting to see a study on this effect. A good theses paper this would make.
My sense is that the recent equity sell-off is just the beginning of a much larger move down. The bounces have been super anemic the past few days. Very unusual after such a large move lower. Strong possibility that cash is being drained from the system rather than being infused. That's the other big tool in the Central Banks arsenal that should not be overlooked. Draining liquidity. That's what I am seeing. Draining liquidity causes EVERYTHING to sell off - including commodities -much like we saw Friday. A very fast way to contain inflation for sure - however at the cost of wrecking the entire economy. A very dangerous game since if overdone - can result in systemic LOCK. Best thing to do now is to get into cash and wait for the golden buying opportunity to arise. Will be very curious to see how energy opens up next week. Crude went down over seven bucks yesterday. A huge move. Either its the beginning of a much larger move lower OR (more likely in my opinion) a shake out prior to a long weekend as part of a campaign to eliminate weak hands - steal their positions - before a much larger move higher. This is typical action before the truly historic moves in a commodity. We shall see. Good Luck to all - wherever you think this crazy market is going!
they got the big dial on the computer set to communism. and no one can do better then anyone else. They get short of cash, and they crash the market, rob us, then pick up the pieces.
Hats off for Greg! It's easy to tout how one is so smart - always calls the correct market direction - and is the consummate guru. Ego drives this tendency and sad to say - most market commentators are incapable of acknowledging their bad calls and limitations. Have been following Greg's work for over a year and to be honest his calls are FAR better than most. Takes a real man to acknowledge and recognize bad calls - let alone to overtly call them out to his followers. Confirms my sense that Greg is a straight-shooter and calls it as he sees it. We are all real lucky that he shares his knowledge. Heart this message to let Greg know how much we all appreciate him. His message to Love One Another, Care For One Another, and to be Charitable is the best message of all which truly sets him apart from all others.
Recently 2 members of the FOMC were forced to resign because they were front running ie doing what Martha Stewart went to jail for but on a much larger scale. What were they front running? The stocks the fed was buying to goose the stock “market”. A “market” rigged by a state agency isn’t a market at all of course. One of them made 609 million dollars doing this. Neither of them had to return any of the money nor suffer any consequence other than having to resign. Of course if you have a 609 million dollar portfolio who needs a job. Why does the “market” ever go down? Probably 2 reasons to create buying opportunities for connected insiders like Buffett & to maintain the illusion that a “market” actually exists to keep the suckers in the game.
Greg,
I believe that you should think long and hard about what the Globalists have in store for the crypto markets.
I see their plan is to pump & dump, with the final dump coinciding with the introduction of CBDC's.
When Bill Gates calls crypto “An asset class based 100% on the Greater Fool Theory” (47 sec.):
https://video.twimg.com/ext_tw_video/1536827823951728641/pu/vid/1280x720/eOWKOHj3JrglA_qq.mp4?tag=12
I don't think he is saying what he believes, he is saying what he is going to do.
I suspect that once the Federal Reserve (Fed) destroys what is left of the purchasing power of the USD they will introduce FedCoin. Upon doing so, TPTB will regulate private (non-governmental) CBDC’s out of existence with draconian “Know Your Customer” regulations. The regulatory compliance costs will make BTC, ETH etc cost prohibitive and thus non-competitive. The banksters have no intention of surrendering their fiat monopoly and aspirations for a digital control gulag over humanity. As a result, I subscribe to the Peter Schiff school of thought that all private digital crypto currencies are ultimately going to zero. In the interim, I’ll keep stacking gold and silver with the hope of surviving and thriving on the alternative black market margins.
Powell: CBDC Could Preserve Dollar’s Standing | A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday
Israel, Hong Kong enter partnership to test new CBDC against cyber risks | CryptoSlate
CryptoSlate is hiring for a handful of positions! The Bank of Israel has joined hands with the Hong...
Major Banks Urge Caution With European Union's CBDC Plans | The European Commission should stop focusing on technical details and think about whether to issue a...
ECB's Panetta says CBDC would be capped at 1.5T euros to avoid financial stability risks | European Central Bank executive board member Fabio Panetta said Wednesday that the ECB's holdings of...
Atlantic Council looks at how to maintain central bank digital currency cybersecurity | The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to...
Philippines, Vietnam study digital currencies as Alipay, WeChat Pay spread | The Philippines and Vietnam will start feasibility studies as soon as this month on issuing central...
Central Banks in Kenya, Nigeria Criticize Crypto | Kenyan and Nigerian central bankers have said central bank digital currencies (CBDCs) could solve the risks cryptocurrencies have for financial...
google Trends / CBDC
https://trends.google.com/trends/explore?date=all&q=cbdc
Thank you Greg, for this post!
When will the people realize that this is all a precisely engineered THEFT for over 100 years. The mechanics of the system were outlined in an illustration before the Fed ever came into being and people still don't see it:
https://upload.wikimedia.org/wikipedia/commons/0/0b/Aldrich-plan-1912.png
in 1933 Congressman Mcfadden had numerous public speeches detailing the criminal mechanism:
https://youtu.be/Xq9fRnp7liM
Sen. Aldrich and his father-in-law, J.D. Rockefeller, were operatives of Paul Warburg. Warburg was the principal member of the Jewish money interest run by N.M. Rothschild. This later became known as the Federal Reserve Bank. It is a private foreign banking agency. It is neither Federal nor does it have any reserves. This is the same international paperhanging organization that brought down and took over the Bank of London 100 years prior to the 1913 coup of the United States Treasury.
All merely Agents of the UnHoly Roman Empire and their Jesuit Legions, who gained ALL of their power by the people handing them their money for centuries in the form of 10% in Tithes, to the "church" 30% in Taxes to the "Kings (nearly all European "royalty" were "Roman Emperors" of the church) the little left of the remaining 50% after sustaining themselves were placed in Banks (all of which owned directly or indirectly by this "royalty"). This is how these parasites have gotten so powerful... the people literally GAVE it to them. ~Time To Take It ALL Back.
You over-looked the Judeo-Masonic-Protestant legions who stole the Church land and murdered (non-Jesuit) priests and Catholics across England and Ireland. There are no Traditional Catholics on the FED nor any other central banks. The Jew-Masonic war on Christianity continues to this day. It will not succeed. Christ is victorious in the final analysis. Evangelicals worship the Jews. Not Jesus.
That's why I despise evangelicals. I've had to end relationships with people I thought were family and friends over that. An evangelical is some kind of demonic enemy that by definition cannot be family or friend.
This country(USA) has always been a strange place. North America with the exception of Quebec, Louisiana and the early South Western US has been a Protestant-Masonic show. After the infiltration of the Vatican II peritti in 62-65, only the Traditionalists and Orthodox have any Sacramental priesthood and sacraments. The only ones on earth. In both the OT and NT were the predictions of the cessation of the “Daily Sacrifice.”
> all this will do is just push off a meltdown in the debt markets
For how long? I agree that their strategies are to kick the can down the road; but theyve been doing that for years. If they can keep doing it for years, then you lose by betting against them.
Timing matters
I think people are getting wiser to it.
Totally agree. Watch for a new currency. The US Constitution was Divinely Inspired: gold and silver were named as legal tender.
I believe that the Exchanges will go bankrupt and cause more selling. Exchanges have to be made more accountable before I get back in. I expect $10,000 Bitcoin real soon.
If BTC hits $10,000 I’ll buy one coin
Bitcoin is not looking good. I have no interest in it.
So why wouldn't this be a great time to buy gold miner stocks and protect them from JPM price smashes with puts?
To protect them with puts costs money. Simply buying is cheaper when you believe in miner stocks. Am massive invested in miners.
When JPM smashes down the gold price $150/oz. or more -- and we know they will whenever doing so is profitable for them -- you'll appreciate the value of protected puts.
I found out the hard way that cash in short-term investments, like T-Bills & commercial paper, just to squeeze out a bit more yield, is WAY to risky in the Debt-Implosion aka Fracturing environment. Chuck said I'm clever to go 100% cash before Greg sold his cryptos. Thanks for teaching me to think like a pro Greg! And thanks for getting Chuck into this, he's great!
Yep, I agree. In this environment, it is way too risky to jump in front of the steam roller to pick up nickels.
Some Links
https://presearch.com
https://censored.news/
https://www.macrotrends.net/
https://www.longtermtrends.net/
https://stockcharts.com/freecharts/historical/marketindexes.html#commodities
https://www.visualcapitalist.com/
https://wtfhappenedin1971.com/
https://tradingeconomics.com/bonds
https://oilprice.com/
http://businessnews.com.ng/2011/10/31/meet-the-mysterious-trading-firms-who-control-the-price-of-commodities/
Thanks Greg for working so hard and keeping us posted. These people are sick and evil. We know exactly what their end game is. I hope we beat them in their own game :)
Sorry Mr. Mannarino but I had to dump all my Crypto positions this morning to stop this bleeding. I had to tap out after 1.5 Years of DCA and more than 80% losses. Now they are real. I did learn some valuable lessons, who not to listen to and when to take profits.
Everyone is forgetting something which I think is very important to consider. COLA cost if living increases which have a huge effect on the economy. They are derived by taking the previous years July august September average inflation rates and then applying that to next years increases… mostly in social security costs. It is in the best interest of the fed to try and reduce those cost increases by fighting inflation during this time. Most likely this could also contribute to the yearly slowdown or reversal in stock market activity during those particular months. It would be interesting to see a study on this effect. A good theses paper this would make.