23 minute video below….a sobering and realistic discussion about the America we currently all choose to exist within. Pass it on……..we need to wake up to all the danger we face….its not just financial, this country is under attack from within. And although I agree it’s Uniparty orchestrated, if you can’t see the difference between a Trump administration and an O’Biden regime, you are existing within a fantasy world.
The Real Reason Republicans Aren’t Stopping the Invasion
Crash? Mmm, no, more like an adjustment. As long as they keep printing money and fund wars, the stock market will be ok, especially for the very wealthy....
The time to get out was the spring of 2020 when Trump and his appointee Powell (yellow stain) spent 7 trillion to completely rig the market. It is no longer a functioning price discovery mechanism. Not even a casino, there you can win based on odds not interventions. Greg covered the whole thing back then.
Excerpt below from full article within link above.
[It’s barely six months into the US government’s ‘fiscal year’ (which started on October 1, 2023) and the federal budget deficit is already $1.1 trillion.
This number is utterly astonishing.
Of course, anyone paying attention to the rapidly dwindling US financial condition knows that the national debt is now hovering around $35 trillion.
That’s up $2 trillion in the last year alone, and up nearly $20 trillion over the last decade.
More importantly, the Congressional Budget Office has projected that the US national debt will increase by another $20 trillion over the next decade.
Those numbers are obviously bad. Horrendous, really.
But what’s even worse is how much NEW debt the government actually needs to sell each year just to repay its OLD debt.
Remember, whenever the government borrows money, they issue bonds in various denominations; these bonds can be as short as 28 days, all the way up to 30 years.
Whenever these bonds mature, the Treasury Department is obviously supposed to pay them back in full. Of course the federal government doesn’t actually have money to repay its debts. So, instead they issue new debt to pay back the old debt.
And the amount of money they have to raise just to repay old debts is staggering.
Last year alone the Treasury Department had to raise nearly $20 trillion to repay maturing bonds. Plus, they borrowed an additional $2.4 trillion in brand new debt on top of the $20 trillion.
Unbelievable.
And so far in just the first three months of 2024, the Treasury Department has issued a record $7.2 trillion in government bonds– shattering the previous record for quarterly debt issuance that was set in 2020 during the pandemic.
Out of last quarter’s $7.2 trillion debt issuance, roughly $600 billion of that was brand new debt… meaning that a whopping $6.6 trillion was borrowed to refinance existing debt.
To put that number in context, the total combined value of all bank deposits in the United States is $17.5 trillion. So merely refinancing the federal debt that matured last quarter alone required the equivalent of 37% of all US bank deposits.]
____
We need a round table discussion with Greg Mannarino and Jim Willie, both are patriots and truth tellers.
Great insight below.
Jim Willie: 20 Reasons for Gold Price Breakout! - Pt 2 - Arcadia Economics
I'm not sure how fast it has to go down to be considered a crash, but I think we've been in the start of a pretty decent drawdown since sometime last week. That massive bearish engulfing candle on 4/4 seems to have signaled the start of it.
Just be careful. It could go all the way down to the 200 day somewhere around 4700'ish before it bounces and starts going back up if we're still in a bull market. Time will tell.
now LONG in stockmarket imo (Dax, Dow, ...)
23 minute video below….a sobering and realistic discussion about the America we currently all choose to exist within. Pass it on……..we need to wake up to all the danger we face….its not just financial, this country is under attack from within. And although I agree it’s Uniparty orchestrated, if you can’t see the difference between a Trump administration and an O’Biden regime, you are existing within a fantasy world.
The Real Reason Republicans Aren’t Stopping the Invasion
https://www.youtube.com/watch?v=yl7alzJEgHU&t=5s
Walmart the biggest employer in the USA...Sad
Crash? Mmm, no, more like an adjustment. As long as they keep printing money and fund wars, the stock market will be ok, especially for the very wealthy....
The time to get out was the spring of 2020 when Trump and his appointee Powell (yellow stain) spent 7 trillion to completely rig the market. It is no longer a functioning price discovery mechanism. Not even a casino, there you can win based on odds not interventions. Greg covered the whole thing back then.
Trump is definitely part of the system.
The US government shattered its own quarterly debt record
https://www.schiffsovereign.com/trends/the-us-government-shattered-its-own-quarterly-debt-record-150709/
Excerpt below from full article within link above.
[It’s barely six months into the US government’s ‘fiscal year’ (which started on October 1, 2023) and the federal budget deficit is already $1.1 trillion.
This number is utterly astonishing.
Of course, anyone paying attention to the rapidly dwindling US financial condition knows that the national debt is now hovering around $35 trillion.
That’s up $2 trillion in the last year alone, and up nearly $20 trillion over the last decade.
More importantly, the Congressional Budget Office has projected that the US national debt will increase by another $20 trillion over the next decade.
Those numbers are obviously bad. Horrendous, really.
But what’s even worse is how much NEW debt the government actually needs to sell each year just to repay its OLD debt.
Remember, whenever the government borrows money, they issue bonds in various denominations; these bonds can be as short as 28 days, all the way up to 30 years.
Whenever these bonds mature, the Treasury Department is obviously supposed to pay them back in full. Of course the federal government doesn’t actually have money to repay its debts. So, instead they issue new debt to pay back the old debt.
And the amount of money they have to raise just to repay old debts is staggering.
Last year alone the Treasury Department had to raise nearly $20 trillion to repay maturing bonds. Plus, they borrowed an additional $2.4 trillion in brand new debt on top of the $20 trillion.
Unbelievable.
And so far in just the first three months of 2024, the Treasury Department has issued a record $7.2 trillion in government bonds– shattering the previous record for quarterly debt issuance that was set in 2020 during the pandemic.
Out of last quarter’s $7.2 trillion debt issuance, roughly $600 billion of that was brand new debt… meaning that a whopping $6.6 trillion was borrowed to refinance existing debt.
To put that number in context, the total combined value of all bank deposits in the United States is $17.5 trillion. So merely refinancing the federal debt that matured last quarter alone required the equivalent of 37% of all US bank deposits.]
____
We need a round table discussion with Greg Mannarino and Jim Willie, both are patriots and truth tellers.
Great insight below.
Jim Willie: 20 Reasons for Gold Price Breakout! - Pt 2 - Arcadia Economics
https://beforeitsnews.com/gold-and-precious-metals/2024/04/jim-willie-20-reasons-for-gold-price-breakout-pt-2-arcadia-economics-3219563.html
Gold and Silver will sky- rocket...
Who would be stupid enough to purchase sub prime US Bonds?
Nah historically the crash happens after the yield curve un-inverts. Right now the curve is still very inverted
The crash will happen when Nathan Rothschild tells it to happen, not before. Nathan hasn't yet returned my call. lol
They(FEDS/CB) will inteseed But it wouldn't work Bonds going to no Bid it goes over 5% we are done! Get ur self ready!!!!! GB Nik
Just never been intrestef in stockmatt, never took time to learn , or understand
The very rich have already sold their stocks. It is the passive investors and ignorant mases that usually get creamed.
and now they (the very rich) are sitting on their (worthless) money ...?
yes indeed. worthless fiat.
🚨 US Existing Home Sales due within the hour forecast at "4.20"¹ million 🚨 ²
Footnotes:
¹ Forecast sourced from Investing com
² Alert emoji inspired by Greg's follower ALAN GREENSPAN
NO!
I'm not sure how fast it has to go down to be considered a crash, but I think we've been in the start of a pretty decent drawdown since sometime last week. That massive bearish engulfing candle on 4/4 seems to have signaled the start of it.
me think it's time for long now.
Just be careful. It could go all the way down to the 200 day somewhere around 4700'ish before it bounces and starts going back up if we're still in a bull market. Time will tell.
me is long