Sheeple are learning the hard way that ALL experts are wrong most of the time ! I learnt the hard way also when Jeff Gundlach was wrong on FED. After that I blocked all experts and only read blogs like this which kinda summarize the important news ignoring conclusions. I make my own conclusions based on the "fake" news. I look for the agenda behind that "fake news"
Greg is quite right about them being on a mission to kill us all. I first read of that more than 10 years ago in this excellent book that was more widely available back than.
You have it right. Money must move through the economy to have velocity, and by the Fed's own chart that Greg showed us the other day, money velocity is way down.
It's shocking that people still braving such high interest rate without any issue at all ! Nothing is breaking. No lay offs nothing ! All great. Restaurants still full. Amazing
If you raise rates to 20% now, Chinese will get 20% rate on the debt, Govt still running budget deficit. SO they will issue debt at 20% to pay that 20% interest on 30 trillions. Interest alone will cause inflation !! So rates need to drop to 0 to fight the inflation ! Do you like my logic ? ha ha ha ha
What’s not to like? If rates drop below 0% however, you are in a “Bail In” situation, where money will be taken from you and distributed to the banks. I feel the walls closing in on a lot of people. Im an old fart and have been following pretty much what Greg says before there was a Greg. Gold and Silver, real estate and now crypto. The most important thing is to be debt free. I achieved that a few years back. Now I buy low and sell high. Very uncomplicated.
Then they will have to wash the vegetables for salad themselves like they do all over the world. Can't buy pre-washed salad for $8 in the grocery stores. It's huge pain but hey it is what it is
Crypto holders are on the receiving end again. I think cryptos will hit zero when debt bubble bursts and people buying this hot air sell to buy food. There will be no buyer imo
Soon ….all the dominoes fall! Stocks, crypto, bonds, gold, silver, oil etc.
I think Greg is saying the same.
But.
Some will rise after the fall! All the money will move from over here to over there.
Kinda reminds me of the Kenny Roger’s song , the gambler! 😂
You got to know when to hole em, know when to fold em.
Know what you hold, similar to what you previously stated.
Old system is antiquated, clunky and outdated and must be replaced and is currently being replaced. It has Been planned for over 20 years!
We are witnessing a controlled demolition.
Many events in the world are all progressing to the climax for those that can see and understand.
The new system is and has been planned for a very long time. The technology is ready for deployment. It is on the shelf ready. ( drones, robots, algorithms, AI, machine learning, 3D printing, etc.) on a scale only seen in the movies. ( predictive programming)
First we need to see the Hegelian dialectic . ( problem, reaction, solution). The solution is ready and this is just the beginning of the problem. Only a few cryptos will survive.
A deep dive into the swift system today and the amount of days required in cross boarder payments and the daily $ moved is very telling!
Consider this.
Today the cross boarder payments of let’s say 100t a day by banks is moved around the world and it takes an average of 5-7 days to process the payments . That’s nearly 700T or more tied up in liquidity on a daily basis.
The new technology being tested by every major bank in the world takes 3 seconds compared to 5-7 days generating 100’s of trillions of dollars a DAY in liquidity!
I continue to see your comments on crypto and respectfully, I conclude that either you are a shill in this blog or very uneducated in the block chain technology space ?
There a few crypto blogs very similar to this one that may help improve knowledge in the blockchain technology space.
When it comes to technology, you either get on the train or you get left behind! Regardless if good for the many or not.
Kinda like China currently deploying the digital yuan and Russia recently backing the ruble by gold.
It is All planned out!
Soon BRICS will roll out asset backed digital currency backed by gold.
Most countries will join.
What will US do? Go to war? Get on the train? Or get left behind ?
Ps.
Black rock (extension of the Fed, IMO) just announced 400 million investment in CIRCLE(USDC) Who is circle partnered with? (Stellar)
I agree with MGM when it comes to being in the market, however; there is much risk in the market. The plan is to inflate the fiat currency away ! Being in things such as oil, gas, gold, food, fertilizer makes sense to me. Offset the inflation ( tax) by owning stocks in things currently rising in price.
I have a profit management and wealth management strategy.
Profit management plays the market, pays my bills and most importantly pays me!
The payment of me goes in wealth management where I purchase assets actually worth something and some actually generates cash flow. ( pretty much mirrors what I determine what Greg is sharing with us). Pretty much why I am here. I too agree with Greg that what we are about to experience, it is beneficial to be around like minded people.
I see you post a lot about silver. Do some research on Basel 3. It is scheduled to take effect in US in June. Gold becomes a tier 1 asset! Meaning no third party risk unlike that IOU you are so found of😂😂
When you research Basel 3 , you will also find that banks will be required to maintain more Tier 1 assets on the books( no more renting assets) to cover shorts with leverage, especially pertaining to precious metals !
With what I described with the digital Yuan, Ruble backed by gold and gold becoming a tier 1 asset, banks deterred from manipulating price . (Who owns the most silver? Hehehe) what do you think the price of gold will be? Better question is what will the price of silver be?
Long history of data comparing pieces of silver to gold.
Ps.
If you go look at the debt clock , on the right it has what the price of gold and silver should be based on Mm1 and Mm2 not including bank manipulation 🤷♂️
You are correct about silver’s past but when it comes to the future, when it comes to PM’s and certain cryptos providing real utility, you are about to miss out on the largest transfer of wealth in world history.
may be but the real trigger will be when the bond market starts diminishing the odds of fed hike. FED always does what the bond market expects. So I am waiting for the news ... "Bonds rallied as odds of FED raising rates dropped from 7 50 basis points to 5" or something like that. That will set the direction of the market and then no going back till rates go negative
all the stocks i follow are not going down past their previous floor (at least not yet) - same w/ indices - that to me is also a possible indication of direction
WOW!! look at this headling just now from marketwatch: "Could bonds rally with inflation high and the Fed raising rates? More market-timers are betting on it."
Thank you for the Friday morning video! You help me make sense of the financial day ahead. Crazy as it usually is!
Sheeple are learning the hard way that ALL experts are wrong most of the time ! I learnt the hard way also when Jeff Gundlach was wrong on FED. After that I blocked all experts and only read blogs like this which kinda summarize the important news ignoring conclusions. I make my own conclusions based on the "fake" news. I look for the agenda behind that "fake news"
Baaa! Baaa! 🐑🐑🐑
Greg is quite right about them being on a mission to kill us all. I first read of that more than 10 years ago in this excellent book that was more widely available back than.
https://chuckbaldwinlive.com/Store.aspx#!/Judaisms-Strange-Gods-Book-Revised-And-Expanded-Edition-By-Michael-Hoffman/p/80585280
I'm surprised it's still available.
It is definitely getting much harder to find the truth in this environment.
Inflation only happens when people has money to buy and there is demand.
Huge inflation means huge demand. Huge demand means people are loaded with cash.
If you think people are on borrowed time and credit cards are maxing out then demand is maxing out and that means this is peak inflation
what did I get wrong ?
You have it right. Money must move through the economy to have velocity, and by the Fed's own chart that Greg showed us the other day, money velocity is way down.
It's shocking that people still braving such high interest rate without any issue at all ! Nothing is breaking. No lay offs nothing ! All great. Restaurants still full. Amazing
Check the interest rate for the record high around 1980. almost hit 18%. Paul Voeker was Fed Chair then under Carter and Reagan.
Ignore than. in 1980 debt to gdp was 35% or so. Now 152%
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
If you raise rates to 20% now, Chinese will get 20% rate on the debt, Govt still running budget deficit. SO they will issue debt at 20% to pay that 20% interest on 30 trillions. Interest alone will cause inflation !! So rates need to drop to 0 to fight the inflation ! Do you like my logic ? ha ha ha ha
What’s not to like? If rates drop below 0% however, you are in a “Bail In” situation, where money will be taken from you and distributed to the banks. I feel the walls closing in on a lot of people. Im an old fart and have been following pretty much what Greg says before there was a Greg. Gold and Silver, real estate and now crypto. The most important thing is to be debt free. I achieved that a few years back. Now I buy low and sell high. Very uncomplicated.
So the inflation has peaked ? Am I right ? TNX will start moving down from here ?
I can't predict the future, but Game of Trades on YouTube has presented support for that using charts.
Nobody knows and if they say they do walk the opposite direction.
I dunno...what happens to the price when the bidding for the last box of realmeatburgers happens?
Then they will have to wash the vegetables for salad themselves like they do all over the world. Can't buy pre-washed salad for $8 in the grocery stores. It's huge pain but hey it is what it is
I think speculation causes inflation in the case we are in.
Buh-bye U.S. Dollar! 💸 Hahahahahaaaaa! Eeeeeeeeeeheheheheheeee! 🤣🤣🤣😂😂😂😁😁😁😃👍😈😈😈
USD is shooting up today ! bye bye to Voyager 2 ?
King Dollar. 👍 Lol
King of all currencies. Relatively strong. Relative to silver ;)))
Have a great weekend sir keep up the good fight god bless you and your family
Thanks Greg... Have a great day!
"May God Bless and keep you always,
may your wishes all come true,
may you always do for others and let others do for you.
May you build a ladder to the stars and climb on every rung,
and may you stay.... Forever Young" - Forever Young - Bob Dylan
It seems to be the 'university' trained sheeples & professionals that believe the MSM bs.
Inflation is a damn tax Easter Bunny Byedon if you make less than $400,000.00 a year you want be taxed .Lying piece of dog shit wrapped in cat shit .
Crypto holders are on the receiving end again. I think cryptos will hit zero when debt bubble bursts and people buying this hot air sell to buy food. There will be no buyer imo
IMO
Soon ….all the dominoes fall! Stocks, crypto, bonds, gold, silver, oil etc.
I think Greg is saying the same.
But.
Some will rise after the fall! All the money will move from over here to over there.
Kinda reminds me of the Kenny Roger’s song , the gambler! 😂
You got to know when to hole em, know when to fold em.
Know what you hold, similar to what you previously stated.
Old system is antiquated, clunky and outdated and must be replaced and is currently being replaced. It has Been planned for over 20 years!
We are witnessing a controlled demolition.
Many events in the world are all progressing to the climax for those that can see and understand.
The new system is and has been planned for a very long time. The technology is ready for deployment. It is on the shelf ready. ( drones, robots, algorithms, AI, machine learning, 3D printing, etc.) on a scale only seen in the movies. ( predictive programming)
First we need to see the Hegelian dialectic . ( problem, reaction, solution). The solution is ready and this is just the beginning of the problem. Only a few cryptos will survive.
A deep dive into the swift system today and the amount of days required in cross boarder payments and the daily $ moved is very telling!
Consider this.
Today the cross boarder payments of let’s say 100t a day by banks is moved around the world and it takes an average of 5-7 days to process the payments . That’s nearly 700T or more tied up in liquidity on a daily basis.
The new technology being tested by every major bank in the world takes 3 seconds compared to 5-7 days generating 100’s of trillions of dollars a DAY in liquidity!
I continue to see your comments on crypto and respectfully, I conclude that either you are a shill in this blog or very uneducated in the block chain technology space ?
There a few crypto blogs very similar to this one that may help improve knowledge in the blockchain technology space.
When it comes to technology, you either get on the train or you get left behind! Regardless if good for the many or not.
Kinda like China currently deploying the digital yuan and Russia recently backing the ruble by gold.
It is All planned out!
Soon BRICS will roll out asset backed digital currency backed by gold.
Most countries will join.
What will US do? Go to war? Get on the train? Or get left behind ?
Ps.
Black rock (extension of the Fed, IMO) just announced 400 million investment in CIRCLE(USDC) Who is circle partnered with? (Stellar)
I agree with MGM when it comes to being in the market, however; there is much risk in the market. The plan is to inflate the fiat currency away ! Being in things such as oil, gas, gold, food, fertilizer makes sense to me. Offset the inflation ( tax) by owning stocks in things currently rising in price.
I have a profit management and wealth management strategy.
Profit management plays the market, pays my bills and most importantly pays me!
The payment of me goes in wealth management where I purchase assets actually worth something and some actually generates cash flow. ( pretty much mirrors what I determine what Greg is sharing with us). Pretty much why I am here. I too agree with Greg that what we are about to experience, it is beneficial to be around like minded people.
I see you post a lot about silver. Do some research on Basel 3. It is scheduled to take effect in US in June. Gold becomes a tier 1 asset! Meaning no third party risk unlike that IOU you are so found of😂😂
When you research Basel 3 , you will also find that banks will be required to maintain more Tier 1 assets on the books( no more renting assets) to cover shorts with leverage, especially pertaining to precious metals !
With what I described with the digital Yuan, Ruble backed by gold and gold becoming a tier 1 asset, banks deterred from manipulating price . (Who owns the most silver? Hehehe) what do you think the price of gold will be? Better question is what will the price of silver be?
Long history of data comparing pieces of silver to gold.
Ps.
If you go look at the debt clock , on the right it has what the price of gold and silver should be based on Mm1 and Mm2 not including bank manipulation 🤷♂️
You are correct about silver’s past but when it comes to the future, when it comes to PM’s and certain cryptos providing real utility, you are about to miss out on the largest transfer of wealth in world history.
I mean no disrespect!
😎🙏🥂
Ps
⏰ - tik tok
Remember Santiana’s quote: “He who ignores the past is doomed to repeat it.”
Thanks Greg. Are you racing this weekend?
https://www.reddit.com/r/GME/comments/u7db33/aug_30_1992_is_the_united_states_government/?utm_medium=android_app&utm_source=share
i think this may turn around today? - just a thought/feeling
may be but the real trigger will be when the bond market starts diminishing the odds of fed hike. FED always does what the bond market expects. So I am waiting for the news ... "Bonds rallied as odds of FED raising rates dropped from 7 50 basis points to 5" or something like that. That will set the direction of the market and then no going back till rates go negative
And we all know at some point they MUST go negative. Eeeeeeeeeeheheheheheeee! 👍😈😈
all the stocks i follow are not going down past their previous floor (at least not yet) - same w/ indices - that to me is also a possible indication of direction
WOW!! look at this headling just now from marketwatch: "Could bonds rally with inflation high and the Fed raising rates? More market-timers are betting on it."
WOWO holy shmokes!
i'm guessing we might just see such a headline, (don't know when)