Why is GM not talking about "The Great Taking"?! Sure, he talks about how the central banks are deliberately trying to destroy the middle class and will create black swan events, such as the plandemic, in order to print vast amounts of debt...and this then inflates the stock market. But as GM has said, the stock market is just a derivative of the debt market, making it insignificant to the much larger picture.
We always have to be prepared for the possibility that the Federal Reserve won't have the markets back anymore, even if worse comes to worse. The rise in the stock market for the past 110 years has been a "side effect" of the Federal Reserve printing vast amounts of debt. The FED prints money for the Treasury Department, which then stimulates the economy, and that money finds its way back into the markets. The line between the wealthy and free market investments have been tipping over to managed markets via machine traders faster than anyone could imagine.
So, why could this be bad news for the market?
Because unlike hedge funds and the rest of the 1%, the people who are investing this as if it were still a free market can only make money if the markets go up.
There is the prophecy that once inflation dominates the velocity at which central banks can print, "The Great Taking" begins.
How could anyone possibly know if we have reached this stage of "maximum saturation"?!
Look no further than the global ten year treasury yields and global interest rates, which all fell parallel with each other during the pandemic. More specifically, the U.S. ten year yield and U.S. interest rates, which began falling in mid 2019, and for the first time in history, as both crossed below 1% at the same time. The fact that both fell below 1% at the same time is too profound to ignore.
Let's put this into a perspective that people can understand, when talking about the possibility that the central banks destroyed the system in 2020.
You are driving down the interstate going the speed limit (70 mph for example). You accelerate to 80mph, then 90 mph, then 100mph...until your RPM maxes out into the danger zone. If your vehicle can't handle that much, it overheats...and this leads to damaging your vehicle. The economy is not a new sports car, and neither are the markets. It's an old beat up truck from the early 1900's that can barely go past 50 mph, but it has added new parts to allow it to accelerate faster...and this is because both the Ten Year Yield and the FED Funds Rate stimulate the economy with easy money. Now that both have already reached the moment of overheating, we are seeing the damage in the real economy. In my opinion, the vehicle can still run, but not as well as it has in the past. The FED broke it by printing too much, too fast. Now it has to slow down a little or the wheels fall off.
This concludes my observation that the moment of "maximum saturation" is here, and the markets are still "hoping" that more easy money is going to start flooding in...the moment of "maximum saturation" begins when the rate of inflation outpaces the rate at which debt can be issued...and they have said that this is the early warning sign of the "The Great Taking".
"The Great Taking" also goes back to what Klaus Schwab insinuated during the World Economic Forum, as yields and interest rates went to zero....which was "you'll own nothing and be happy". In my opinion, the bear markets are just beginning, and will last for the next 110 years, just as they have vastly gone bullish for the past 110 years.
The market can still go up nominally but also lose value. If the S&P gains 10% next year, but the actual rate of inflation next year is 12% then the market actually fell 2%, but they can still say that the market is strong
No, do not agree. The Fed and the ECB will raise rates if wall street doesn't cooperate. The ECB just came out and said that. Only reason it turned around this last month is due to old yeller saying treasury would change the mix to shorter term instead of long term, and wall Street is jawboning the markets. That has happened off and on since the fed started raising interest rates. It is not sustainable, and this fed has turned against wall street. Do you really think they can continue to inflate without ramifications. Rhetorical question btw. Think again. The rest of the world is not buying our bonds. I personally would rather see this country collapse rather than go back to easy money, and I'm far from the only one.
I missed this this past week. China and Saudi Arabia and a three year currency swap agreement. The US needs to get over itself. We will no longer be able to sustain our current standard of living. Not saying we will become third world, but it will change significantlly for us.
Stagflation in the 1970s combined high inflation with uneven economic growth. High budget deficits, lower interest rates, the oil embargo, and the collapse of managed currency rates contributed to stagflation. Under Federal Reserve Board Chair, Paul Volcker, the prime lending rate was above 21% to reduce inflation.
Jan.1970 gold was at $35.00 and 10 years later Jan. 1980 gold hit a high of $850.00 = + 2300%
In 1971 Nixon decoupled Gold from the Dollar. In 1974 Ford reversed the 1933 law that made gold ownership illegal. Hence the 2300% jump in value in 10 years. Will that happen again? I seriously doubt it. If gold hits $48K an ounce a loaf of bread will be $500.
In year 2000 when gold was at about $200 bucks I started banging the drum that gold was going to $1000 and all of my friends and co-workers said that I was a nut bar and if gold went to $1000 a loaf of bread will be $100 bucks.
Well well well, gold went to $1000++ and bread did not go to $100 bucks....Fact
Just to be clear, I am 100% in on Gold and Silver, I have been stacking since 2014 when I looked back at the 2008-2012 era to see where the smart money would have been. I pumped all my extra cash into them for the last 9 years. Anytime I see silver dip close to $20 I buy more. I purchased most of my gold at $1100-$1400. I recently added 4 more ounces when it dipped last year. That said....
In 2000 a loaf of bread was $1 per loaf, today it is $3 per loaf. Bread has increased 300% in 23 years.
In 2000 an ounce of gold ranged in the $270-$300 range. In 23 years gold has gone up 667%.
If gold heads to $48K, or up 2400% then lets use the same ratio and say bread will increase at half the rate or $34 a loaf. (1200%)
Now that I type that out, I stand corrected, lets go gold!! It will crush the pours, those of us who prepared can sit back and cheer!
I was 100% gold and silver mining stocks but 2 years a go I turned a young 65 years of age and today I am 70% cash 30% gold and silver mining companies..
I am living the dream cause I retired at the young age of 50 thanks to my gold and silver stocks in and out, I live in a waterfront home, mortgage free, debt free, and I put my dughter thru 4 years of University and she has no student debt....GOLD IS KING...
If the goal was to take out the consumer for cbdc installation why would they cut rates when they havent even kneecapped the public yet? houses still going up like crazy and the credit cards are smoking they are being swiped so fast .
I think that is the idea. Keep all believing in the current sx until election or other catastrophic event (People have a natural tendency to go too far on the hope or bet of tomorrow...thus out on the ledge)Then the plug gets pulled? Now you'll beg for help? Shortly after (event) lock downs began, many vendors tried to (action) eliminate coin. Same idea...scale.
Brings to memory NBC Brian Williams' retirement sign off...."they're going to burn it all down with us in it"
I have a friend who lives in Toronto Canada and he told me that home sales have slowed down big time and the homes that are selling are selling $100,000 - $150,000 below asking price...
I work in the RE world (Land Surveyor) I am seeing stagnant home sales, I used to see orders for 25-30 closings a week, I now see orders for 5 a week, it that.
New house starts? I used to see 40+ starts a week, if I am lucky, I see that in a month now. I also follow a LOT of areas on Zillow and have reports coming in all the time, all I see lately is price cuts by the dozens, some houses have been on the market for 6+ months with 4 price cuts and still not selling.
Once tract home builder I work for, just ordered 18 new house starts, their first order in 2 months. In the last 2 months I have had maybe 25 house starts. It keeps slowing more and more.
2024 is not going to be a good year for Real Estate.
BIDEN HID 8-9 million unemployed (Jim Rickards) - Fed can now decrease rates and start QE - Wall Street will boom for a while - CONGRATS GREG - you predicted it all 👍
Here we go again... , The NO CREDIBILITY WHO just called on China to reinstate masking, distancing, & other BS due to "pneumonia outbreak." COVID 2023=Lockdown 2024? Will trade what is in front of my face.
I am OUT the stock market, there is only one edited in my portfolio since last (black)Friday... Icahn Enterprises L.P. (IEP) bought @ 17.27 (first entry) because rich people hate to lose money!
According to a recent Royal LePage survey conducted by Nanos, 74 per cent of Canadians with a residential mortgage set to renew within the next 18 months say they are concerned about the renewal, in light of the series of interest rate hikes made by the Bank of Canada since March of 2022.
Why is GM not talking about "The Great Taking"?! Sure, he talks about how the central banks are deliberately trying to destroy the middle class and will create black swan events, such as the plandemic, in order to print vast amounts of debt...and this then inflates the stock market. But as GM has said, the stock market is just a derivative of the debt market, making it insignificant to the much larger picture.
We always have to be prepared for the possibility that the Federal Reserve won't have the markets back anymore, even if worse comes to worse. The rise in the stock market for the past 110 years has been a "side effect" of the Federal Reserve printing vast amounts of debt. The FED prints money for the Treasury Department, which then stimulates the economy, and that money finds its way back into the markets. The line between the wealthy and free market investments have been tipping over to managed markets via machine traders faster than anyone could imagine.
So, why could this be bad news for the market?
Because unlike hedge funds and the rest of the 1%, the people who are investing this as if it were still a free market can only make money if the markets go up.
There is the prophecy that once inflation dominates the velocity at which central banks can print, "The Great Taking" begins.
How could anyone possibly know if we have reached this stage of "maximum saturation"?!
Look no further than the global ten year treasury yields and global interest rates, which all fell parallel with each other during the pandemic. More specifically, the U.S. ten year yield and U.S. interest rates, which began falling in mid 2019, and for the first time in history, as both crossed below 1% at the same time. The fact that both fell below 1% at the same time is too profound to ignore.
Let's put this into a perspective that people can understand, when talking about the possibility that the central banks destroyed the system in 2020.
You are driving down the interstate going the speed limit (70 mph for example). You accelerate to 80mph, then 90 mph, then 100mph...until your RPM maxes out into the danger zone. If your vehicle can't handle that much, it overheats...and this leads to damaging your vehicle. The economy is not a new sports car, and neither are the markets. It's an old beat up truck from the early 1900's that can barely go past 50 mph, but it has added new parts to allow it to accelerate faster...and this is because both the Ten Year Yield and the FED Funds Rate stimulate the economy with easy money. Now that both have already reached the moment of overheating, we are seeing the damage in the real economy. In my opinion, the vehicle can still run, but not as well as it has in the past. The FED broke it by printing too much, too fast. Now it has to slow down a little or the wheels fall off.
This concludes my observation that the moment of "maximum saturation" is here, and the markets are still "hoping" that more easy money is going to start flooding in...the moment of "maximum saturation" begins when the rate of inflation outpaces the rate at which debt can be issued...and they have said that this is the early warning sign of the "The Great Taking".
"The Great Taking" also goes back to what Klaus Schwab insinuated during the World Economic Forum, as yields and interest rates went to zero....which was "you'll own nothing and be happy". In my opinion, the bear markets are just beginning, and will last for the next 110 years, just as they have vastly gone bullish for the past 110 years.
I have been hearing a lot from people regarding The Great taking. I have read it.
The market can still go up nominally but also lose value. If the S&P gains 10% next year, but the actual rate of inflation next year is 12% then the market actually fell 2%, but they can still say that the market is strong
Easy money cycle will come back again in 3 or 5 years
Well said. 👌
Greg do you have any endearing terms for Gary Ginsler the swindler?
I like "the swindler!"
No, do not agree. The Fed and the ECB will raise rates if wall street doesn't cooperate. The ECB just came out and said that. Only reason it turned around this last month is due to old yeller saying treasury would change the mix to shorter term instead of long term, and wall Street is jawboning the markets. That has happened off and on since the fed started raising interest rates. It is not sustainable, and this fed has turned against wall street. Do you really think they can continue to inflate without ramifications. Rhetorical question btw. Think again. The rest of the world is not buying our bonds. I personally would rather see this country collapse rather than go back to easy money, and I'm far from the only one.
I missed this this past week. China and Saudi Arabia and a three year currency swap agreement. The US needs to get over itself. We will no longer be able to sustain our current standard of living. Not saying we will become third world, but it will change significantlly for us.
https://www.youtube.com/watch?v=Pu4ULTnHTYc
1970s = Today?
Stagflation in the 1970s combined high inflation with uneven economic growth. High budget deficits, lower interest rates, the oil embargo, and the collapse of managed currency rates contributed to stagflation. Under Federal Reserve Board Chair, Paul Volcker, the prime lending rate was above 21% to reduce inflation.
Jan.1970 gold was at $35.00 and 10 years later Jan. 1980 gold hit a high of $850.00 = + 2300%
Today gold $2,000 +2300% = $48,000 ?
In 1971 Nixon decoupled Gold from the Dollar. In 1974 Ford reversed the 1933 law that made gold ownership illegal. Hence the 2300% jump in value in 10 years. Will that happen again? I seriously doubt it. If gold hits $48K an ounce a loaf of bread will be $500.
In year 2000 when gold was at about $200 bucks I started banging the drum that gold was going to $1000 and all of my friends and co-workers said that I was a nut bar and if gold went to $1000 a loaf of bread will be $100 bucks.
Well well well, gold went to $1000++ and bread did not go to $100 bucks....Fact
Just to be clear, I am 100% in on Gold and Silver, I have been stacking since 2014 when I looked back at the 2008-2012 era to see where the smart money would have been. I pumped all my extra cash into them for the last 9 years. Anytime I see silver dip close to $20 I buy more. I purchased most of my gold at $1100-$1400. I recently added 4 more ounces when it dipped last year. That said....
In 2000 a loaf of bread was $1 per loaf, today it is $3 per loaf. Bread has increased 300% in 23 years.
In 2000 an ounce of gold ranged in the $270-$300 range. In 23 years gold has gone up 667%.
If gold heads to $48K, or up 2400% then lets use the same ratio and say bread will increase at half the rate or $34 a loaf. (1200%)
Now that I type that out, I stand corrected, lets go gold!! It will crush the pours, those of us who prepared can sit back and cheer!
(increase at half the rate or $34 a loaf)...Yes
I was 100% gold and silver mining stocks but 2 years a go I turned a young 65 years of age and today I am 70% cash 30% gold and silver mining companies..
Cheers.......GOLD IS KING...
Happy Birthday to you!! Yes Gold is king and silver is Queen!! LOL!
Thank You!
I am living the dream cause I retired at the young age of 50 thanks to my gold and silver stocks in and out, I live in a waterfront home, mortgage free, debt free, and I put my dughter thru 4 years of University and she has no student debt....GOLD IS KING...
So Greg is it safe to say that u won’t be interviewed by Kramer or Bloomberg anytime soon
Yep... but GM makes a 100% @ 'On The Spot' by Michelle Makori (Kitco News)
Anytime soon @ Kitco News, because you said Kramer / Bloomberg no chance!
Think I saw that
If the goal was to take out the consumer for cbdc installation why would they cut rates when they havent even kneecapped the public yet? houses still going up like crazy and the credit cards are smoking they are being swiped so fast .
I think that is the idea. Keep all believing in the current sx until election or other catastrophic event (People have a natural tendency to go too far on the hope or bet of tomorrow...thus out on the ledge)Then the plug gets pulled? Now you'll beg for help? Shortly after (event) lock downs began, many vendors tried to (action) eliminate coin. Same idea...scale.
Brings to memory NBC Brian Williams' retirement sign off...."they're going to burn it all down with us in it"
Good morning Greg!
I have a friend who lives in Toronto Canada and he told me that home sales have slowed down big time and the homes that are selling are selling $100,000 - $150,000 below asking price...
Finally! Same here in the US
I work in the RE world (Land Surveyor) I am seeing stagnant home sales, I used to see orders for 25-30 closings a week, I now see orders for 5 a week, it that.
New house starts? I used to see 40+ starts a week, if I am lucky, I see that in a month now. I also follow a LOT of areas on Zillow and have reports coming in all the time, all I see lately is price cuts by the dozens, some houses have been on the market for 6+ months with 4 price cuts and still not selling.
Once tract home builder I work for, just ordered 18 new house starts, their first order in 2 months. In the last 2 months I have had maybe 25 house starts. It keeps slowing more and more.
2024 is not going to be a good year for Real Estate.
Yes Deflation! 80% of the American/Canadian sheep(people) are clueless cause thy have been dumbed down and brainwashed since birth.....Fact
BIDEN HID 8-9 million unemployed (Jim Rickards) - Fed can now decrease rates and start QE - Wall Street will boom for a while - CONGRATS GREG - you predicted it all 👍
https://m.youtube.com/watch?v=2vpuM-c1hms&pp=ygUMbHluZXR0ZSB6YW5n
UBS is on the verge of failure:
https://www.reddit.com/r/conspiracy/comments/183njpc/ubs_bank_could_fail_next_week_ubs_missed_a_major/
Dutch Central Bank prepares for Gold Standard what does this do for the price in short term or long?
BS from DNB
Here we go again... , The NO CREDIBILITY WHO just called on China to reinstate masking, distancing, & other BS due to "pneumonia outbreak." COVID 2023=Lockdown 2024? Will trade what is in front of my face.
It's all about momentum.
I am OUT the stock market, there is only one edited in my portfolio since last (black)Friday... Icahn Enterprises L.P. (IEP) bought @ 17.27 (first entry) because rich people hate to lose money!
Below the low of $18.03 May 25th 2023
I am so happy today! 😊 I hope you guys are also joyful or otherwise content.
Big housing trouble in Canada!
According to a recent Royal LePage survey conducted by Nanos, 74 per cent of Canadians with a residential mortgage set to renew within the next 18 months say they are concerned about the renewal, in light of the series of interest rate hikes made by the Bank of Canada since March of 2022.