Lions! Here Is The Set-Up.
From Greg M
Lions.
As we discussed in my Pre-Market report, and I said specifically to expect pressure on the stock market starting today, stocks are lower. (I am no genius here, September seasonality is in play which I covered in my morning report).
At the time I am writing this, the DJIA is down nearly 500 points with the other averages also lower. (See below).
With that, the MMRI remains trending down. NOTHING major is going on here with the stock market.
I know that some of you bought the dip here today, and that is ok, I would not blame you for doing that. Me personally, I am waiting for the Fed. announcement on rate cuts as you may already know.
We got even MORE terrible economic news today, (can you imagine my shock), with US manufacturing continuing to contract.
We will discuss all this and more during my livestream at 4:05PM Eastern.
GM
Greg, Could you imagine the shock & awe that would transpire if you initiated along with other competent venue's lions and follower's by demanding that both the Federal Reserve and the US Treasury allow a window or office access to exchange their fiat, unlawful, toilet paper currency for lawful money as clearly specified in their very own law, i.e.: (12 USC § 411)? This would be a no brainer action that we could work together with that would stir up so much poop, they would probably hunt us down like dogs, "wink" I ask again, let's do this as a gut shot primer before we all go march peacefully at the Fed. Reserve building in DC on the 4th of July in 2025.
Here's the meat of their very own law which we could bury them with:
Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 265; Jan. 30, 1934, ch. 6, § 2(b)(1), 48 Stat. 337; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)
un real widows tax... I need to get out asap https://www.msn.com/en-us/money/retirement/don-t-let-the-widow-s-penalty-blindside-you-how-to-prepare/ar-AA1jt1Qy?ocid=hpmsn&cvid=b458840bf4a248aeb5b7f6bcb0dbf0be&ei=184