High interest rates and deflation – Will one lead to the other?
Rick Ackerman joins me today for a discussion on yields and his outlook for a major deflationary bust. We look at levels that could start the unwind and where investors need to be positioned to save some capital.
Click here to sing up for Rick’s webinar focused on his deflationary narrative.
We also had a fake election, a fake pandemic, and a fake president.
bonzo, that’s exactly right, everything is fake like I said “”everything””.
Humanity has set themselves up for the biggest fall in the history of the world, bar none, this will exceed everything else by multiple magnitudes. Everything is extremely fragile. It’s not going to take much to topple the system now. Of course, it could go on for a long time but the day of reckoning is coming and it’s can’t be stopped. It’s out of control there’s no way out of this except for a complete collapse that will devastate everyone. They had their chance back in 2009 to reconcile everything and they never did and Trump never did anything either it was all propaganda to feed the egocentric addictions.
Agreed that the day of reckoning is closer than it’s ever been, and the everything bubble and the farce that is managed economy is more susceptible than it has ever been toppling, but somehow the can gets kicked further down the road…
The government goons and central banksters have done a good job of pulling the wool over the sheeples eyes, and getting them to believe the emperor is wearing new clothes.
Thanks Excelsior. Excellent commentary as usual and everyone should pay attention. The masses are fast asleep. I see a strong delusionary spell that people are under. It’s remarkable and inconceivable what’staking place it just nauseating how they can be so deceived and naive. This is among some of the most highly intellect people is just astonishing.
FAKE GOLD: How about all the fake lead filled gold bars hoax in Fort Knox. Most likely, because treasurer secretary Mnuchin inspected everything in less than 10 minutes and don’t worry though it’s all there. The audit was official.
With respect i disagree…the sheeple are quite knowledgeable about the situation. I find more and more all sorts of people are sounding off within earshot.
I was partnered in a foursome last week and the fellow in my cart talked gold, silver, inflation, bitcoin, sovereign debt, for eighteen holes completely unprompted by me.
The ongoing economic train wreck, sovereign debt and the ‘great reset’ to come is becoming a form of cultural literacy…I almost said ‘currency’ as i do love a bad pun.
The sheeple know what’s going on and await their fate.
Blazesb, the average Joe or person is not out on the golf course. Above average middle class individual is fairly educated in the financial space. Everyone’s heard of Bitcoin. Maybe it’s unfortunate but I’m not a fan of Bitcoin or the cryptocurrencies whatsoever I view them as worthless. It’s very high speculation hyper greed on steroids. Especially right now with all this funny money we have a whole society that’s completely lost all better judgment and this is already been proven because we have people lined up to buy digital images of tweeter comments and digital art. If the sheeple you say you’re so knowledgeable why are worthless assets so bid up including these digital images I just mentioned. If they’re so educated on gold and silver they should be bid up. With that being said look at the statistics of who’s invested in precious metals and it’s still at the low low end of like 0.5% of the population I don’t know exactly right now but they’re not being purchased. It’s been better but it’s not lifting off there’s no big money entering precious metals.
On another note, the masses are not the above average middle class person. The masses are average to below income barely getting by. We have a population of like 76 million people that are on food stamps. The masses are not educated in the financial space and I would wager anyone if it was legal and maintain the masses do not have a clue. Never heard of Bitcoin and gold and silver have no meaning to them whatsoever. Instead of taking a silver coin that’s worth $30 or something like that gave them a choice of a $5 bill, they would take the $5 bill without even hesitating. Most likely in lieu of a very expensive gold coin as well. $20 or maybe even $100 bill would seal the deal. Wouldn’t even hesitate and they could resell the gold coin for a couple thousand dollars.
I’m just presenting all the facts and these are really not my opinions. The masses are fast asleep. 98% of the population has been lulled to sleep in a lot of areas of life. Only the very advanced will be able to understand where the truth really is and are hardcore connoisseurs of the truth. The only ones that will prevail and survive.
Words spoken by our leaders are not fake. That is real bullshit.
As the old saying goes, it was a fake out.
Look over here and the truth was over there.
A Fake Out !!!
Have a fake (Trojan Horse) President
Trust your instincts, HG: Nearly everything IS fake, and nearly everyone believe the Big Con. The biggest fraud of all, designed by the Fed and enabled by Congress, is that there is such a thing as free lunch. Common sense will tell you that this cannot be so and that it’s not going to end well.
Thanks Rick, you’re always at the top of my list to analyze what’s been overlooked by a society that’s bottom feeding information from the soothsayers. Appreciate all your podcasts and anyone reading this I would highly recommend anyone that is thinking about a subscription you would consider Rick because he is a extremely honest financial technician that will weigh all the odds for you and you won’t be second guessing you’re positions in the market for those that want to be actively trading the markets.
Happy trading Rick. Weigh in any time I believe all of us really appreciate your opinions and your uncanny ability to uncover all the fraud in our financial system and of course your topnotch professional trading skills. Many thanks for your contributions.
Rick if deflation is coming and 19 year hits 2 percent what happen to gold price??
Although I’ve never believed gold prices would soar in an economic depression, I am pretty certain bullion will hold its purchasing power relative to all other classes of investable assets. Even so, I advise keeping a shoebox full of ‘worthless’ U.S. bills for the inevitable day when the banking system collapses, since it will take a while for bullion to become established as a medium of barter..
Yes, gold should preserve it’s purchasing power relative to other assets classes that are much more at risk of imploding in a nasty reset period in the markets.
EX, Matt
we have had months of bearish sentiment everywhere….but now that the Fed has provided the PM market with the proverbial “mic-drop” a la “frozen interest” rates until 2023, can’t we NOW resume a major league impulse move here? According to the FED, inflation is ON-THE-WAY….how much clearer do they have to be to send gold flying? I know most techniciams don’t yet indicate much more than a 240 dollar up-move at best here, but should that provide very serious upside for our PM stocks sooner not later?
Ramb says we r now in a clear bottom on hui…50 day ema.
Maybe we do get that $1630ish mark so so many folks have been touting, but I can’t see the PM stocks following gold here if that happens….a major turning point is now upon us.
I forgot to add….”This old Turkey is gettin restless:)!!!”
Hi confused. I am considering lightening up a bit further into the recent strength of this bounce, (and have done a few small trims on strong positions this week), just in case there is that further leg down into April to the mid to low $1600’s that a few different technicians have mentioned.
However, I’m mostly just holding the majority of my positions , in case we can validate over time that 2 weeks ago was the bottom in the PMs, and if we do keep ratcheting higher.
Either way I have a very solid allocation to the miners, and as you mentioned, I don’t expect them to fall apart after such a prolonged downtrend already.
Confused, I bought IPT at .79 this morning along with AU, GFI, and HMY near their lows and will be adding more if they drop further.
Bellwether NEM broke out of its 7 month downtrend today and its RSI confirmed the action in advance with yesterday’s breakout to a new 7 month high:
https://stockcharts.com/h-sc/ui?s=NEM&p=D&yr=1&mn=0&dy=0&id=p67574815945&a=906910084
GDX:GOLD breakout along with an RSI reading that matches its July peak (that is bullish action)…
https://stockcharts.com/h-sc/ui?s=GDX%3A%24GOLD&p=D&yr=1&mn=5&dy=0&id=p56054504857&a=916996423
GDM closed above its 50 day EMA for the first time in 9 weeks:
https://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=1&mn=5&dy=0&id=p64906219452&a=734136732
Quality senior gold miners have had great moves this month while the bears keep calling for an inverted moonshot. It seems we have a bubble in bearish sentiment.
March 1 thru 18:
AU +14.7%
EGO +15%
GFI +21.3%
GOLD (Barrick): +13.2%
HMY +20.6%
NEM +16.9%
The HUI is up 14% since bottoming this month…
https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=11&dy=0&id=p44392695337&a=674485004
The other day I showed that XAU:GOLD broke out last week with a multi-year high weekly close and now we are seeing the expected confirming action…
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD&p=W&yr=5&mn=11&dy=0&id=p64732356738&a=906080893
And the bears?
🐻💤
EX/Matt,
thanks for your thoughts….very insightfull.
Rick, good to hear you more often—any thoughts on the low for gold/silver on this move down—also GDX. Doc.
Hey, Doc! Nice to be back in such fast company. Concerning Gold’s technicals, Comex April’s upthrusts have consistently failed lately to exceed visually distinctive peaks on the lesser charts. That suggests the correction has farther to go. I’d turn somewhat more bullish if April were to fist-pump above 3/1’s 1757.40 peak. It would take nothing less than 1856.70, though, to break the back of the bear that has dominated since August 2020. Alternatively, if the downtrend resumes, 1630.50 would become my worst case target for the near/intermediate term.
Doc and Rick have effectively the same low-side target for Au in the near/intermediate term…great minds think alike I guess
The old day ! Doc Rick and ? Love you’r input !
Thanks Rick. We need your input.
David, Rick posts on YouTube every Thursday, most of the time, under ‘ Ricks Picks ‘with a chart or 2
Marty:
Thanks. I didn’t know that.
Gold update!
My pattern remains valid. Which means watch out….
To be continued…. if you are curious give me a holler. No one has called gold in the last 1 year plus like I have and doc.. Dt I’ve been straight you asked the other day. Let me make it clear, the bears are still 100% in control I hope that’s answers your question when it comes to me, Matt, david and Larry on technicals. I believe the other three are ultra bullish.
They could come out and clarify. I won’t speak in between I’m 100% clear I don’t play in between to hold my credibility. It’s either one side or another. So from what I reckon, when my right shoulder failed I made it clear we are headed much lower. Doc has said lower. Everyone else the “ majority” which is scary is bullish.
Glen
Also for some of you who think it’s all going up from here, take a page from ex is books who about one week or more ago said, I’m not buying at those levels! I’m saving my powder in case we go down. That is the best suggestion I have heard. Regarding Marty as ric said I agree the guy is very smart many will argue.
Keep emotions aside and I’m always here.. You decide what tone and voice you want to hear.
Jerry no worries no harm here. We will reach new highs not yet.. we have a date with lower lows first.. Saddly my pattern tells me😬
Glen
Thanks Glen…Appreciate your input.. saving my “powder” also
Hey Glen……..thanks for the update. Always appreciate your insight.
No problems on this side, …I am all buttoned down for the storm… 🙂
On March 17, 2021 at 12:12 pm,
Holy Grail says:
THE FINANCIAL SYSTEM – EVERYTHING IS FAKE – PLASTICO SOCIETY
—————————————————–
Hi Holy
GOD yes! I barely see the point to anything….stock up Tuna and rice!
Hello Bill, where you been, you straight shooter….you.
I know you’re really busy so that’s what I figured and I wondered what happened to you but I thought well he’s probably really busy he sounded really busy last time you posted.
I’m heading out the door and can’t really be posting right now too much movement and I don’t want to be juggling too many balls in the air and you say things you shouldn’t be saying. Plus you need to stay focused on what you’re trying to get done and I have some things I want to get done right now but I’ll be back to you. I’ll hit you back later and glad to see you around.
I’ll catch you on the rebound and whenever you have time so don’t worry about it just take care of what you need to do because this is not a big priority on our list.
Who knows Bill, maybe I’m just going to fake you out 🙃 I’m really just a bot.
Nothing’s real ⛔
Hay Holy
Ya busy as hell but good. LOL Funny guy you are.
Telus bugging me about their lease their a big baby to deal with as they got tons of pencil pushers nothing better to do. Been logging with the 350 Deere some prime fir peelers. My 3.5 acres assessment $160k is a joke its got $300k of wood outside of municipality so taxes are cheap.
Got a call the other night “would you take $900k” lol Its not for sale I said.
Any who catch ya later people stopping phone going cheers.
Straight Shooter, who knows what the central planner goons are going to do Bill but I wouldn’t be selling anything with resources on it. Wouldn’t be buying any either I’m completely deleveraged have no debt at all. One time I was highly leveraged to limits that would be considered unthinkable. I even bended all the rules in my securities account three times the value holding overnight for several days which is something you can’t do. It’s been a long time now however I lost those perks never received any violations though. Made a lot of money on that strategy. That wasn’t all, I had leverage everywhere I was leveraged with everything.
Moving on, anyway we have a situation where interest rates have never been this low in 5,000 years. So, this is a huge experiment. Who knows with all the goons in control, we could have a 1920s prosperity boom. I don’t rule it out. Chicoms could drive that boom. I don’t know it’s hard to say what’s going to happen. Chinese are very patient so they’re not going to do anything unless it’s master planned. They’re going to run us over at some point. These are shark filled waters we’ve never seen anything like this. We are definitely on the crazy train to a place that would be considered extremely dangerous and perilous at best. We could be several years on that crazy train in 1920s prosperity boom there’s an outside chance.
Another way of looking at it though, we’re all dancing on the Titanic really when you think about it. Don’t really have a choice because we have to live our life and you can’t just go dwell in a cave somewhere.
Assessments on properties are completely inaccurate in most cases. I don’t know it just depends on the condition of the market. I can relate to your situation with the offers. I had one offer on a property that was unique I’ll save all the particulars however had a hard time selling it at that price. I was thinking to myself this is really ridiculous this property is undervalued and I turned down the offer and I told the realtor to double the price that I was asking. Lo and behold the property sold about a week later for the full price. The realtor was shocked and I wasn’t going to listen to anyone that doesn’t go along with my program. They’re just interested in selling it and getting their commission they’re not worried about my losses or profits. Fired a lot of realtors in the past and I move on. I never sign.a contract for a listing time that is going to tie me up with someone. Had one realtor sue me because I broke the contract and fired him. That same realtor broke the contract and never did any open houses. Attorneys filed a lawsuit and I crushed the whole case they had against me. Long story however I had a witness at the time and and all my documents and wrote letters. They thought they had a big case against me they were suing me for $110.000. The case was dropped otherwise I could turned.around and sued them. I got so many stories in the real estate business very poor ethics and you can almost call it criminal in a lot of cases. Very hard to prove though. Lot of inconveniences trying to put people away that shouldn’t be in the business. I don’t trust realtors. For that matter, trust no one. That’s my motto.
Markets(active): https://tinyurl.com/3fjs3ex8
NY close. Slight format change. Oil bottoming.
Metals(active): https://tinyurl.com/h3sa9xb7
Topping continues. Quadruple Witching soon.
There has been no audit. It would have to include hypothecation records. That’s only gold and storage would not be limited to Fort Knox. Then add audit of The Fed, The New York Fed and the Exchange Stabilization Fund. There could be some eye opening findings and may find out where the lis are…wouldn’t that be refreshing.
Never will be an audit…………game over ……..if they ever open the vault….
Would not make any difference at the point…..the Govt. has close it’s book , and accounting service with FASBe 56…….You are not entitled to see the records.
This should not be news., since we have been talking about this for two years…
Jerry:
You are probably right but current requests from the Senate Banking Committee and individual Senators are getting closer to digging in the right direction.
Do not hold your breath………Banking Committee…….is a complete sham…
The wool has been pulled over the eyes of the people since or before 1913.
We are $30 TRILLION in DEBT…..along with the other $145 TRILLION missing at the PENTAGON…..
Add all the derivative debt of the banks and who deregulated.
The $145 TRILLION, Missing at the Pentagon……….DOES NOT INCLUDE the Banking derivative bets…..just for clarification….
I bet if you audit the Pentagon, you may find the paper trail runs through Treasury snd the ESF…just a guess.
You better do some research on FASBe 56………..Have you listened to Dr. Skidmore?
We have been reporting on FASBe 56 , for two yrs……
Go listen to SKIDMORE at usawatchdog…..
Does “worked in Pentagon” count?
No……..give me your ID NO……otherwise………NO …..
Janitors work at the pentagon…. lol
IF, you Worked at the Pentagon,,,,,,,,,,,When was it……Before or after……Rumsfeld,
Said there $2.3 TRILLION MISSING…..
Now , if, you want refute the number of FITTS and SKIDMORE………I am all ears….
Individual Senators do not have a chance …..Everything has been uncovered for years., non are paying attention……All lip service……
No Audit of the gold in FT.KNOX since 1956 ……
Look at it this way… just checked and gold +21.
If it was Pentagon budgeted and authorized funding, then nothing goes missing as each program manager knows whether or not they got their funding. If it was “special funding” then the first question, did Congress fund something that wasn’t general knowledge, did it go through the Congressional Budget Office and by what authority. If it did go through the CBO and not the Pentagon Budget or OMB, under what authority. If it neither went through OMB or The CBO, what process and what authority approved the funds and by what authority. If by no authority, it is very possible it was fabricated by Central Banking and laundered through Treasury to the ESF (which the Fed and Treasury are not audited and the Sec Treasury has Wall Street ties) and can be further laundered through the ESF secretly and the administrative Branch can order the Pentagon to perform Black Ops or the ESF can perform non budgeted ir non audited programs. Rumsfeld can say money missing and no audit occurs, and we are left with a misdirection. It could be laundered through civilian defense contractors and without audit of the ESF, we wouldn’t know. Why was there no follow up of Rumsfelds claim. It would be obvious where the funds went if the funds were budgeted under the established system.
DID YOU LISTEN TO SKIDMORE?
“IF”………….
Skidmore……has one example for one of your above questions…..
Next question……………..DO YOU KNOW ANYTHING ABOUT FASBe 56…..?
I think, ………..the “establish system “has been closed., via FASBe 56…..which has change everything account wise….which is what I am saying, and was told by FITTS and SKIDMORE.
FASB is accounting rules. They have been improperly altered by politicians. Skidmore is a college professor that says money is missing. I am telling you where to look. The pentagon and OMB is going to have a budget and that budget and funding can be tracked. What can’t be tracked is Fed and ESF expenditures. Skidmore is going to have to point to specific people, organizations that operating outside of the formal system. That requires audit of all public and private organizations operating outside the formal system. Who has he named outside the formal structure. No help.
Have you listened to FITTS and SKIDMORE….?
DOES the Fasb accounting rule…….let you know or see the records…..?
Let’s look at this a different way. How does the Pentagon get money. Federal Agencies are not corporations. They are government agencies dependent on tax payer payments. Tax payers are generally individuals or businesses. Additional funds can come from processing fees or Court Orders gor criminal or civil penalties. Funds come into the US Treasury. Funds are dispersed to Agencies based on approved budgets. Deficits occur and Treasury Bonds sold. If insufficient sale of bonds, The Fed buys bonds, fabricated money and pays to Treasury.
What if the system requires more funding than budgeted or deficits or debt on bonds…but the system doesn’t provide for additional receipts through any authorized methods. Then funds can only come from The Fed as voluntary contributions are not an option. In order to produce these “additional” funds that are outside the system they can only come from the Fed or possibly theft from other nations. But, other nations might complain like Iraq. But, I digress. So The Fed prints the money, but on whose authority. Would they do it for Congress…a President …a Federal Agency…a Private Entity that owns the Fed …or a Private Entity with private money with political influence. How do you hide such additional funding?
First you don’t allow auditing the Fed because there would be an audit trail. Where do you send the funds? Treasury? Maybe. Can they have pass through funds without being identified by receiving entity. Maybe. What about sending it from the Fed to the ESF as they aren’t audited either. But, how do you get it to the program you are funding under the table. Could you get it to JP Morgan and have it support iff balance sheet activities. Maybe.
What if you wanted to support black ops to support a corporate activity in Tamzania but there is no official military budgeted program in Tanzania. You still need troups, supplies snd support equipment…but they aren’t authorized and therefore can’t be budgeted and not officially budgeted. So could you print the money by the Fed, pay the money to the ESF and then pay the Pentagon for the cost of a black ops operation…maybe. The problem comes in as to how to reflect the real military stuff that the military is providing at someone’s illegal direction but are a real expense to the Pentagon. So the Pentagon shows an expense beyond funding or someone reports the spending without funding and the lack of a legal explanation becomes a blacked out entry.
So my question again is, who directed spending beyond all recognized budget procedures.
Solution: start with those Agencies which are not audited and audit every penny and wuit making assumptions and assertions without a factual basis.
There is a very serious criminal problem and the root of the problem is money printing by The Fed. I cannot edit this as it will not let me access what is written 4 lines above where I am writing.
It is my understand…….that under the NEW RULE ..Fasbe 56……the book and records have become dark, and under the security act, the records and amounts are not required to be shown…
Would that be your understanding?……That was stated by Fitts and Skidmore…
If, that is so, the old rules do not apply….so, Houston we have a problem…
And yes I listened to Skidmore and no he doesn’t know where the money went without speculation. Audit the Fed. Audit the ESF. Then try to get answers.
That is one of the problems of discovery…..He had to speculate , this time, not so much two years ago, when he and Fitts went through the info… This time…….he does not know , because the info. was redacted…and blacked out……He made mention of ONE item for the entire military budget was $400 Billion, and the line item was missing $400 Billion…..
Again…if money was additive to that authorized/budgeted and wasn’t diverted from other authorized/budgeted sources and it was funding activities beyond those authorized/funded and there was not OMB or CBO record of Congressional Funding, and the Federal Budget was less than that officially authorized…then the source of the funds has to be The Fed…or there is a bigger problem that The Fed may be printing money for untold sources and maintaining no records. That would make a whole bunch of people in a lot of trouble…proving it I guess would require records of probably secure computers that we probably can’t find. Audit the Fed. Deal with what is revealed.
I think we are headed in the same direction, and I think Skidmore or Fitts mentioned, the same…as you have assumed…by stating….
“The Fed…or there is a bigger problem that The Fed may be printing money for untold sources and maintaining no records.”
Therefore , CYA ACCOUNTING Fasbe 56…….No accounting….
Again……….Good luck with the Audit the Fed………Not going to happen….
David……great discussion, thanks for the followup…..
Enjoyed the discussion also. My concern is the question of who really runs the Fed, because that is who runs the government. Our checks and balance system may be moot. The good news would be that it would explain why Congress does nothing. Stalemate is the only thing that can happen if the government is run for an entirely different agenda for different owners.
David……Here is some info,…I thought you might need to know…on HEALTH, since, I noticed you are going to have a “c” ream.
I hope this does not arrive to late…for you to consider…..
https://www.brighteon.com/c8b5f02a-b9a7-4792-af56-dd34f61320e8
18 Min. mark for your convenience…..you do not have to listen to the entire vid.
Respectfully submitted…..nothing else implied.
Just got the info this morning…… Best….
Everything fine. As I was telling a friend, the only thing they found was a showing going on of the original Smokey and the Bandit movie, and as ling as they were in there they updated it to a sequel.
Ok….. 🙂
First Lithium War?
– As early as 2017-18, the UK sent experts to Bolivia’s national company, Yacimientos de Litio Bolivianos (YLB), to assess the conditions for Bolivian lithium mining.
– In 2019-20, London funded a study to “optimise the exploration and production of Bolivian lithium using British technology”.
…
According to Mark Curtis and Matthew Kennard, the US did not participate in the [Evo Morales coup] plot as such, but officials left the CIA to prepare it. DarkTrace, for example, recruited Marcus Fowler, a CIA cyber operations specialist, and especially Alan Wade, the agency’s former head of intelligence. Most of the operation’s personnel were British, including the heads of Watchman UK, Christopher Goodwin-Hudson (a former career military officer, then director of security at Goldman-Sachs) and Gabriel Carter (a member of the very private Special Forces Club in Knightsbridge who had distinguished himself in Afghanistan).
https://www.voltairenet.org/article212423.html
As always, everyone here… thank you.
Nice to have Rick back.
I wonder if he will ever admit how wrong he was as to people buying Bitcoin during it’s first run.
If my memory serves me, the word was lunatic.
At the end of the day, making money is making money, regardless how you do it.
20/20 hindsight investing is great isn’t it for those that don’t want to be accountable for making their own decisions. Those actions are cowardly and can’t stand the thought of taking the responsibility. Complete ignorance.
John K., the risk-reward profile of BC is definitely lunatic and the fact that it has gone up doesn’t and won’t change that. It has no measurable value so its price is always only a reflection of popular perception. How else can you explain an 85% drop in 2018 and a 6-fold rise since September. Only dumb money is currently buying and that crowd will hold it all the way to zero if it cracks. The exit strategy of dumb money is to sell at a gain no matter what so it holds when the market doesn’t cooperate.
I considered buying some with small money as a gamble in 2010 and obviously I should have but the action since has only proven that the idea of BC appeals to a lot of “regular” people. Remember the riffraff that was promoting it all over youtube in 2017?
The weekly RSI is shrinking with each new high but it still might hit maybe 73,000 in a final surge.
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=W&yr=3&mn=7&dy=0&id=p36019623796&a=919217452
HG: “I see a strong delusionary spell that [Above average] people are under. It’s remarkable and inconceivable what’s taking place … just nauseating how they can be so deceived and naive.”
Such folks are usually more creative and spend much time, thinking, in the abstract. Too often the bad ideas they encounter are given equal billing with the good, so that they will remain ‘fair’. Their feet are already partially off the ground, and talented charlatans, particularly those with media access, complete the job.
BDC, the evidence is irrefutable because they are under a strong delusion that they would believe a lie. There’s no other reason why someone would fearfully wear a mask outdoors when there’s no inhabitants for miles around and I see this all the time. Not to mention investing in assets that have no real intrinsic value whatsoever especially when it comes to purchasing and bidding up Twitter messages and art image that is only accessible on a computer screen. 98% of the population is completely deceived about everything and the real truth about life. It’s quite obvious they’ve been giving over to a strong delusion that they would be believe a lie. Strong evidence is everywhere.
Last year a single seat sculler was rowing alone on the Potomac – mask on!
The sad part is that a person who accepts a bad idea as fact will defend it.
BDC, it doesn’t bode well for the future. Society acts like they just had a lobotomy. No critical thinking skills and unable to think for themselves.
Thankfully, Nature is not a Democracy.
BDC, Biden is a far lefty and our new chicom president is busy kicking off a war with Russia. Biden and Putin are exchanging some bad words last few days. Anyway, major military assets US NATO are building up on Russian borders right now. Its very concerning because Russia has the capability of nuking this country back to the Stone age. America could become a giant boneyard in no time at all. All these free handouts and we have a complacent society. Destruction comes when nobody expects it. Asset bubbles pop and everything goes to hell in a New York second. That’s the road we’re on. Signs are everywhere.
20/20 hindsight investing is great isn’t it for those that don’t want to be accountable for making their own decisions. Those actions are cowardly and can’t stand the thought of taking the responsibility
Always enjoy Rick’s thoughts/observations; analysis. Spot on with the UST10yr 1.266 to the Tic.
https://twitter.com/MarketPulses/status/1364588737838133251
Should Rates continue higher, ultimately, such development will likely detonate Chernobyl within the Interest Rate Derivative Swap complex.
Lights out.
THE FINANCIAL SYSTEM – EVERYTHING IS FAKE – PLASTICO SOCIETY
Prominently, here’s what I’m observing the last 24 months. Primarily with people you know fairly well. We have a society that just gives lip service and empty words. Never see any evidence of actions supporting their words.
Everything’s fake. We have a fake financial system and we have citizens who are superficial and fake. A society that is completely collapsing morally and financially.
I thought it was something interesting that I’ve been noticing lately.
Bottom line, we pay with plastic and digits. Now they’re selling digital images – art and tweeter messages. Not to mention cryptocurrencies that are completely worthless.
Everything’s fake including the people.