An Interesting Trend

    
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Michael
Michael
1 year ago

Looks like the Fed Plunge Protection Team took a long weekend off.

Or Frank Zappa is right:

The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.

Frank Zappa

foot in the forest
foot in the forest
1 year ago

All fiat currencies die. Every single one.

Michael
Michael
1 year ago

Yes, they do, but it’s the average Joe that takes the BEATING over that failure.

You’d be stunned to see how many “Safe” retirement plans are underwater right now. They talk about Social Security running out of money in a decade (TRY 4 years before reduction of benefits buddy) but nobody tells you that your 401K, IRA, Roth and so on are in deep trouble.

When money dies is a painful read but nuggets of useful facts are there.

45060880-When-Money-Dies.pdf (thirdparadigm.org)

Coming soon to a Nation near you.

Pastor Guest
Pastor Guest
1 year ago

The death of the dollar is indeed coming as they are about to pull the plug on its life support in order to hurry its demise. This is so they can replace it with another form of fiat currency, Central Bank Digital Currency.

Michael
Michael
1 year ago
Reply to  Pastor Guest

Central Bank Digital Currency where THEY can CHOOSE IF you are Allowed to Buy this or that.

Just add Chinese Social Score and off we go….

It’s NOT just another Fiat currency, it’s CONTROL. If you doubt that see how you can pay your electric bill with carrots from your garden.

I’m right over here at the table with a pot of coffee, waiting.

Joe Blow
Joe Blow
1 year ago

Only trades I hold overnight now are in oil. I’m stacked with calls in USO through November expiration. Just sit back and watch…

Nobody
Nobody
1 year ago

The Bonds are in trouble. The big banks are in trouble. Bank of America just closed hundreds of branch banks. A trillion in bad auto loans. Student debt. A trillion in credit card debt is in risk. Commercial real estate is in trouble. Looks like WW3 is a sure thing to cover it up.