From Kunstler’s latest article:
You might notice a financial la Nina forming out over the salty sea. Gold chugged up above $2,300-an-ounce the past ten days, a record. That’s a coded message from Reality Central. My de-coder ring says it means the bond market is about to fall on its ass, taking the dollar down with it, which would swiftly domino into the way-overpriced equity markets, and Gawd knows what kind of maelstrom all the derivatives flotsam would get sucked into.
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I got a nudge yesterday concerning the The Big Short. While I had watched the movie previously, I watched it again last night. Living in the real world of deceit and financial chaos for the past decade made the movie even more meaningful. Or I should say menacing.
Nothing has changed as we are repeating the same pieces outlined in this movie. Replace subprime mortgages with commercial real estate, lack of banking and monetary oversight with even less oversight, and greed with more greed to give us today’s disaster waiting in the wings.
At the end of the movie, they point out that the government bailed out the banks (too big to fail) and that no safeguards or penalties resulted from the huge losses in the sub prime mortgage.
Part two will be much worse.
David DeGerolamo
Dr. Gold is indicating that the patient has a fever of 105 degrees. Gold is an indicator and an insurance policy for the economy and fiat money in general. It is not an investment.
It’s a store house of wealth.
We all know that what cannot continue will not. But it’s is amazing how long the criminals in power and behind the curtains have managed to prolong the inevitable. But then again…they aren’t through looting the treasury. Which is always the last act of a failing government before the final collapse.
https://www.youtube.com/watch?v=GDrj7iDUly4
h/t @MaineSurvivor GAB SSFK
not finished with yet, but interesting
further options:
https://thegreattaking.com/
but one of a many attack vectors against FUSA as well documented here