The free fall in the bond market is not unprecedented. This was the warning sign in 1929 that signaled the bank crashes and ushered in the Great Depression.
If past is prologue, sooner rather than later would be the time to exit the debt market. As the old axiom goes. “Let some other sucker pick up the last 5%.
The Great Great Depression is here, Got Gold, Get Gold!
Six in 10 (60%) Canadians say people living paycheque to paycheque is today's norm, according to a report from H&R Block Canada. And while 26% say that the cost of living will shift down the road, 73% say that Canadians overall will suffer down the road by not having enough money put aside.
Apr 4, 2024
Our survey revealed that over 66% of Americans report living paycheck to paycheck. A recent Bureau of Labor Statistics weekly earnings report indicated a 3.5% year-over-year increase in median weekly earnings for the first quarter of 2024.May 30, 2024
Buffett is a middle-tier investor. We all know BofA is moribund. The dip of all dips will be the crash. No one can predict the “day of darkness.” Get your money out of the regional banks and smaller ones. Too much attention is being focused on the Commercial Realty sector. When the banks fail, people will lose their jobs en masse. This will start the fall in the residential real estate (mortgage) market Greg.
People will be foreclosed upon. I think credit unions are safer but not immune from the tidal wave that approaches. Commodities are the best bet (as Greg says).
Cash is trash. You would be better off converting cash to guns, ammo, gold, silver, canned goods, heirloom seeds, tools, productive land and barterable items.
A run on the bank and following bank holiday and then very limited withdrawals. Was it 08 even money markets were very close to freezing up because of that?
I was going to put it in a hi yield mm fund . I’m not really comfortable putting it all into the market when it this high . I wanted to do a vanguard or fidelity index fund but ???
Hard call. I liquidated my Blackrock and put everything in diversified commodities . I'd rather handle all my trades myself. I hold cash for the dips. Do what Mannarino says. He is right on this situation. Imo.
I have some in paid off realestate , metals , stocks bonds and a good amt of cash . I was waiting for the market to correct but it’s just been soaring the last yr
Soaring - or souring? Like a tastey turd-pie. The word "nominal" comes to mind - "paper-millionaire" - "sucker" maybe. I wish salary raises could be higher than inflation too.
A stand alone credit union like ours and cash hidden away. Several months spending in cash and kept quiet about and in a fire proof box or some safe clever dry place
Ps: Buy tangible assets like gold bullion, coins and Greg’s favorite, Silver Coinage.
There have been some incredible buying opportunities on the Silver Exchange.
I don’t know enough about crypto to comment. Bitcoin is based on “confidence.” There is nothing tangible in the crypto market.
If I’m missing something on cryptos, please enlighten me!
In the meantime, Gold, if you can afford it, Silver (as Greg touts) and Copper is a steal!
Oil stocks have been depressed for too long. That is the commodity I’m looking at right now.
Good luck to all of you people! Don’t get caught flat-footed!
One point regarding President Trump:
Greg says he is the “Bitcoin President.” That may very well be so. However, Inbelieve the other half of that coin is that Trump will be the CBDC BLOCKCHAIN PRESIDENT.
That’s assuming he’s not cheated out of the race entirely.
They ran a “basement stiff” last time, and he won! I mean he cheated himself into office.
The Democrats could run nobody against Trump and win!
The polls are already squaring the circle for Kumala. She’s the next best thing to the “Corpse de Biden!”
Look for the neck and neck race and then watch the mail-in and machine-roll over Trump.
They tried to kill him! Wake up folks!
The power brokers don’t trust “The Donald.”
He could make it by a miracle. But, that’s what it will take! Good luck.
The smart money is on the “Cackling Commie Kumala.”
A recession pre-election with rate cuts? Why cut rates when they are buying the debt? Same effect on inflation..Political finance coup for Harris. She claims credit for lower rates. Collusion of fed with Harris? Who's side is the fed on really?
The free fall in the bond market is not unprecedented. This was the warning sign in 1929 that signaled the bank crashes and ushered in the Great Depression.
If past is prologue, sooner rather than later would be the time to exit the debt market. As the old axiom goes. “Let some other sucker pick up the last 5%.
The Great Great Depression is here, Got Gold, Get Gold!
Six in 10 (60%) Canadians say people living paycheque to paycheque is today's norm, according to a report from H&R Block Canada. And while 26% say that the cost of living will shift down the road, 73% say that Canadians overall will suffer down the road by not having enough money put aside.
Apr 4, 2024
Our survey revealed that over 66% of Americans report living paycheck to paycheck. A recent Bureau of Labor Statistics weekly earnings report indicated a 3.5% year-over-year increase in median weekly earnings for the first quarter of 2024.May 30, 2024
Market is working on great buying opportunities (especially Stock Indices, BTC and Oil). Your President-Elect will strike soon.
Bet against the debt. Become your own central bank. Own physical silver.
But don't forget gold.
Looks like Greg needs to take out the trash again.
Spammer scum.
Buffett is a middle-tier investor. We all know BofA is moribund. The dip of all dips will be the crash. No one can predict the “day of darkness.” Get your money out of the regional banks and smaller ones. Too much attention is being focused on the Commercial Realty sector. When the banks fail, people will lose their jobs en masse. This will start the fall in the residential real estate (mortgage) market Greg.
People will be foreclosed upon. I think credit unions are safer but not immune from the tidal wave that approaches. Commodities are the best bet (as Greg says).
Where do you feel is safe to hold cash
Cash is trash. You would be better off converting cash to guns, ammo, gold, silver, canned goods, heirloom seeds, tools, productive land and barterable items.
Why would you hold cash of any large amount?
A run on the bank and following bank holiday and then very limited withdrawals. Was it 08 even money markets were very close to freezing up because of that?
I am not sure if we can compare now to back then. The agenda is much further along. I think Mannarino is right.
...not "immanent", but more like "underway".
The thing is nothing has been fixed. Unless you consider Bail In a fix
True that. The fix is in.
Play the house. Timing is everything.
Wouldn’t a fdic money market fund be the best spot for extra cash
The only thing I know is FDIC is grossly underfunded. SIPC as in a brokerage account is better I read. I am just not sure.
Short term?
Yes
I was going to put it in a hi yield mm fund . I’m not really comfortable putting it all into the market when it this high . I wanted to do a vanguard or fidelity index fund but ???
Hard call. I liquidated my Blackrock and put everything in diversified commodities . I'd rather handle all my trades myself. I hold cash for the dips. Do what Mannarino says. He is right on this situation. Imo.
I have some in paid off realestate , metals , stocks bonds and a good amt of cash . I was waiting for the market to correct but it’s just been soaring the last yr
Hard assets are best limo.
Yesterday was a good day for me.
Soaring - or souring? Like a tastey turd-pie. The word "nominal" comes to mind - "paper-millionaire" - "sucker" maybe. I wish salary raises could be higher than inflation too.
Diversity is strength. But not as a social construct...lol
Canned Tuna?
A stand alone credit union like ours and cash hidden away. Several months spending in cash and kept quiet about and in a fire proof box or some safe clever dry place
The yield curve is starting to uninvert… it’s picking up pace
It sure is. The speed is pretty astounding.
Suck my dick you scammer
You're always doing a great job but Gary Ginsler needs to die a slow agonizing death!!!!
Cramer too.
Greg, I asked you yesterday about this. Is the massive crash in the debt market a setup for massive rapid hyper-inflation? What are your thoughts?
Absolutely it is.
Thank you.
Banks to close on a Friday....
https://www.bitchute.com/video/qY7dwoKAeroW
the dollar just took a huge hit--but gold and silver are down too so not looking good at all
.... welcome to Shakedown St. - used to be the heart of the town.
Ps: Buy tangible assets like gold bullion, coins and Greg’s favorite, Silver Coinage.
There have been some incredible buying opportunities on the Silver Exchange.
I don’t know enough about crypto to comment. Bitcoin is based on “confidence.” There is nothing tangible in the crypto market.
If I’m missing something on cryptos, please enlighten me!
In the meantime, Gold, if you can afford it, Silver (as Greg touts) and Copper is a steal!
Oil stocks have been depressed for too long. That is the commodity I’m looking at right now.
Good luck to all of you people! Don’t get caught flat-footed!
One point regarding President Trump:
Greg says he is the “Bitcoin President.” That may very well be so. However, Inbelieve the other half of that coin is that Trump will be the CBDC BLOCKCHAIN PRESIDENT.
That’s assuming he’s not cheated out of the race entirely.
They ran a “basement stiff” last time, and he won! I mean he cheated himself into office.
The Democrats could run nobody against Trump and win!
The polls are already squaring the circle for Kumala. She’s the next best thing to the “Corpse de Biden!”
Look for the neck and neck race and then watch the mail-in and machine-roll over Trump.
They tried to kill him! Wake up folks!
The power brokers don’t trust “The Donald.”
He could make it by a miracle. But, that’s what it will take! Good luck.
The smart money is on the “Cackling Commie Kumala.”
If he doesn’t we will be Venezuela within two yrs
.... THERE IS A SALE AT J.C. PENNEY'S - DEPENDS - THE YEILD IS LIQUID JANET!
As Vladimir Putin warned the Transhuman Atlanticists months ago: "Your Vampire Ball Is Over"!
what's UP or rather DOWN with the yield curve!?!?!? What a SELLOFF and gee... stocks sell OFF as well and commodities shoot up....what a concept.
A recession pre-election with rate cuts? Why cut rates when they are buying the debt? Same effect on inflation..Political finance coup for Harris. She claims credit for lower rates. Collusion of fed with Harris? Who's side is the fed on really?
Agree with boa, but if you go back to the founding of boa, could their be a white swan temporarily to rescue them?