I'll be everywhere. Wherever you can look. Wherever there's a fight,so hungry people can eat, I'll be there. Wherever there's a cop beatin' up a guy, I'll be there. I'll be in the way guys yell when they're mad. I'll be in the way kids laugh when they're hungry and they know supper's ready, and when the people are eatin' the stuff they raise and livin' in the houses they build-I'll be there, too. -Tom Joad Grapes of Wrath
The Titans in the sky continue to wage war while the small fry retail players wonder how long Nature's laws can be levitated. Its a dance that has no ending......or does it? As the pundits on CNBS pirouette to every cliche talking point cajoling the retail listeners to just have one last dance with the devil. Its reached such a cacophony of the ridiculous that one keeps expecting the straight faced shills to suddenly break into hysterical laughter. Underlying their ludicrous claims of unending market rises, one can sense an almost palpable fear permeating their rising choruses. What none of us has the ability to see are the real battles going on in the puppeteer's command and control centers. None of us have access to the real measurements of what is occurring within our "recovery". As the metrics are intertwined with real and imagined recovery statistics one becomes almost hypnotized by the ping pong effect of rising markets as economies contract. Japan is falling further into depression and approaching a 500% debt to GDP....virtually unheard of in developed nations without complete collapse. As our own Western markets rise in the face of a collapsing infrastructure and consumer spending, we argue about whether we can get one more squeeze out of the "market"......from "unending" Fed printing. More and more pundits now proclaim that the Dow can easily reach 20,000 and beyond. Just the noise to expect as we climb the "last bubble". One thing is certain.....it will end...and it will end badly. The question is will ANY of us be standing as it sucks down what is left of a facade of a Republic. Listen to the noise......its what is making you dance. Dance little proles...dance. gl
After a lengthy bear correction in a gold and silver secular bull run time seems to favor the bulls as the physical market (the real market) is colliding head on with the paper market. Reports of bullion banks now settling customers holding allocated gold in paper should make anyone that's holding paper gold realize their game is coming to an end. Liquidation of GLD may have more to do with the fear of paper redemptions not even being made in a real crisis and of course that's why many own gold.......for a crisis. As the big boyz go net long on the leveraged contracts on the COMEX one has to wonder just how long they can carry the paper short on gold without creating a critical loss of bullion. Price can rectify some of the wrong but it can also stampede a run of bullion accumulation. Grinding the miner trade into sausage has been brutal and is also nearing a turn but of course the damage has been extensive. Anyone remaining in this trade with 20/20 hindsight can see just how damaged their portfolio is. The big question is will they now turn the trade for their own profit having created a dramatic low that has forced all but the most stalwart trader out. Some smaller miners are trading at less per share than their revenue/share. Some miners have P/Es less than 4. NO ONE wants in the trade. Can you blame them? Right now the battle is how long the illusion that fiat currencies backed by promises only can hold the sheeple in the system until the East drains the last of the bullion from the West. The East knows the system is in peril but then so are they. Killing off the West without being in the strongest position yourself to support an alternative reserve currency is not a mistake the East wants to make. So how and when the plug gets pulled is only a guess at this juncture. For hints at what is in store for you if you reside within the Western banking system just look at what is taking place now as the confiscation of assets begin in earnest in the debtor countries. Wealth cannot be created for the West....it can only be confiscated now. Money printing is only for the survival of the over-leveraged bank balance sheets and for propping up the Government deficit spending. All of which ends badly.
That's what this entire mess looks like to me. I'm not referring to the miner trade......its obviously torched if you've been long like I've been. No....its what this country and its citizens look like.....and not just this country but virtually every Western country is now or is soon to become.
With the subjugation of the citizenry by the corporatocracy virtually complete one has to wonder what the next step will be. Probably something that would include kneeling in a field perhaps....or maybe just a blender version of mass mediocracy. Apparently their is no limit to the extent we will forfeit the values and freedoms that our forefathers tried to protect with that piece of parchment paper. Its occurring at all levels of society now. Decades of conditioning have taken their toll and now the final solution is nearing.
Acceptance of a police state, state sponsored torture, openly removing American citizen's constitutionally protected rights, not even a whimper from bought and paid for politicians and certainly no cry from the vast majority of our citizens.......reminds me of another time and place not too many decades ago. An entire country molded into accepting some of the most heinous crimes committed against humanity.....Hitler??? no wait....Stalin???....wait....Mao???.....Pol Pot??? and I could go on. I decided to leave perhaps the biggest Offending nation of all off the list and let you fill that in. It shouldn't be hard, but just a hint....their numbers are even going to get larger...and the interesting part is I can't decide if their final tally will be in the hundreds of millions or Billions...with an S. Hyperbole??? maybe....maybe not. One thing is certain there is going to be a reckoning.
Back to the market. Everyday becomes more surreal. The market grinds higher and higher with the real economy barely breathing as we celebrate the most absurd breaking news stories as if they really meant something meaningful in the real economy. There is some very real stress occurring in our society and I'm seeing it in spades now. gl to all of you and I hope you can at least have some laughs at what this game has degraded into. I almost spit my coffee out driving home this morning when Larry Krudlow was gushing over the 200 BILLION + in savings that we MAY get this year if the PROJECTED DEFICIT this year is ONLY 900 BILLION instead of over 1Trillion as earlier projected this year. FANTASTIC as Larry said. He should have said GREEN SHOOTS!!!! from Harvey today "On the physical front, we had two blockbuster commentaries on the huge importing of gold into China and into India. China reported a massive 223 tonnes of gold entering the country. The entire world ex China ex Russia produces around 2200 tonnes of gold or 183 tonnes per month. Thus China took over 100% of monthly global production. India resumed its purchases of gold and they are on tap to bring in over 1000 tonnes of gold India produces no gold. However, the purchase of gold is hurting India's current account deficit and thus the government is desperately trying to curve India's appetite for gold. The change of that happening is zero!! from ZH commenter I maintain that there is a serious gold and silver market event about to happen and this is so much talk which will fail to contain the metals.
The Shanghai Gold Exchnange has been delivering 200 tons /month for 20 months and the physical pull from LBMA is relentless.
Scroll down to see the enormous gold draw on Shanghai over the past two years:
One thing is certain today, the bullion banks are on the long side of all of this selling. We are seeing cracks appearing in the fractional reserve LBMA and COMEX price setting mechanisms. It’s really thanks to the most recent paper market discount that we are evidencing this accelerated migration of bullion from the West to the East...
...And even though this activity (intervention) bought a little more time for these guys, the immediate and unanticipated but accelerated bullion demand (all over the world), actually ended up digging an even deeper hole for the Fed, the Bank for International Settlements (BIS), and the agent bullion banks. They have actually shot themselves in the foot.
By simply tracking the movements in the international wholesale market, it’s clear that a major supply problem is brewing. Where has this bullion gone? It is clearly Fed and Bank for International Settlements borrowed bullion. What they are doing is seeking to avert a fractional reserve delivery default. These are in the price setting centers of London and the COMEX. And it is further extenuated by arbitragers who are moving bullion out of the COMEX and reselling it at higher, real global prices.
So you have a perfect storm here. This (Western gold) bullion is not coming back. It’s being re-melted, cast into kilobars, and it’s ending up directly in Eastern hemisphere central bank and sovereign vaults. And all of this time the bullion banks are calling for lower prices, and the mainstream media is touting a bear market. The bullion banks are fully aware of this threat, and they are exiting these mismatched short positions.
Do you want to put this in a jar and bury it in your backyard? If someone broke into your home at least they couldn't take it. That may be a positive, but today fiat is made to disappear with a keystroke. If you doubt that easily happen, then just go to one of the thousands of MF Global customers and ask how their money and paper assets were taken. It wasn't hauled out in the back of dump trucks. BILLIONS were erased from their lives with a keystroke and nary a whimper in the media. Thousands of people robbed in broad daylight and not even a couple of sacks to carry off the loot was needed. Just a keystroke by some lackey in a JPM back room. CONfidence and trust......the foundations of any fiat system based upon a promise.....a promise your paper money and paper assets are backed by the rule of law. NOT ANYMORE. That has all changed Cyprus was the clarion call for many more sheeple that believed a system based upon law would be there for them if they just trusted their government. Well you can see how that turned out for them. We talk about it but for tens of thousands of Cypriots their lack of understanding of what kind of collapse the World is in allowed them to be deluded into leaving their fiat in a system that never had their interests protected. Now we have entered into an even more fascinating and dangerous phase of this collapse. The digital monetization of debt. This year we will roughly monetize about 1 Trillion in government debt in the U.S. alone. We are actually running a higher yearly debt than 1 Trillion when all of our unfunded liabilities are factored in.....much higher. Back in 1980 when Volker took on inflation we had about 1 Trillion in TOTAL debt. That's right... we are running more debt yearly now than the total national debt was when Volker stepped in to raise interest rates. Can you imagine what would happen if interest rates are raised on a total debt today that may be as high as 100 Trillion if you count the unfunded mandates? What choice do they have now? Debasement of the currency with unending money printing or raising interest rates and creating instant depression. Until the costs of essentials begins to get out of control and shortages become unmanageable then they will print. Oh...they will jawbone they are going to have an exit strategy and that digital printing can be controlled but mathematics dictate otherwise. NO STOPPING. Look what's happening around us. I've never seen anything like this in my study of history except perhaps before WW2.....this is worse.......gl pollyannas
Trying to even make a unique post to describe the unbelievable sequence of recent events becomes an exercise complete futility. Its getting old. Its groundhog day endlessly. Watching CNBS pundits has become a virtual comedy act with the participants trying to maintain straight faces while describing the latest faux statistics and attempting their positive spins. Daily descriptions of a slowly recovering economy are followed by real world collapses in virtually every important ingredient composing our lives. Belief in anything now is called into question, yet the entire ponzi continues to operate due to the most unholy alliances of governments and private banks the world has ever seen. It truly defies gravity. Nature's laws seem to be only a speed bump for this game. I look at facts like Cyprus. Factually anyone with over 100K in a banks lost virtually everything above that number......with little hope of ever seeing it returned. You look at the outright theft occurring throughout the financial system and you realize its like a cancer that is metastasizing faster and faster. There is nothing to stop it. There is no therapeutic agent that's even slowing it down....its just spreading across the globe sucking the life out of the unaware hosts. Its doing it through unseen ways with debasement of currencies that are slowly bleeding the most vulnerable to death without them even realizing they are being killed. Its not only is killing the most vulnerable but it weakening the strongest members of the free market through a variety of mechanisms. Just the worsening of malinvestment alone is enough to destroy our future by violating nature's law of economics which allows the "strongest" to take over the management of an overleveraged bust. NOT this time.....at least NOT yet. The cancer just keeps growing. I watch the fragility of the host wondering where the tipping point is. Now we don't even print money or trade paper stock share certificates. Everything is a key stroke. You have NOTHING that verifies your "ownership" if it becomes "lost" digitally in hyperspace. You think this can't happen? Did you not see what a "flash crash" looks like? Its not "money" its "magic". You don't get it do you? The ultimate counterfeiting machine is now in the hands of the psychopaths.....they can make you believe you have money with just a keystroke........and they can take it all away with the same mechanism....in a nanosecond. We are so vulnerable and we're just sitting there blissfully thinking the merry-go-round will never stop. When it does an awful lot of "Cypriots" are going to crying. POOOF......it was just air anyway. When that realization comes there will be a rush for REAL value. It doesn't just have to be PMs but its safe to say that this will be ONE of the primary recipients of Nature's Law. Enjoy the game....its a Dooozy!!! gl
Well....maybe....but in time maybe even the sheeple will have some epiphany that allows them to have a chance. Most of you that have read and studied some of the economic and geo-political topics discussed here know that we are entering a very dark period in the history of this world. We now have the capacity to destroy the world with a simple command. If one believes the terrible weapons of thermonuclear war will not be used then I have a bridge in Brooklyn to sell you.....NO.......better yet I'll sell you my house....that may be harder to unload. Of course we do have a "strong" real estate recovery so "just hold on". Back to topic......Most of us just become depressed with an overwhelming feeling of hopelessness when confronted with seemingly impossible odds to overcome. Don't feel overwhelmed, don't be confused, don't despair......there is no reason to give up your basic human rights and behavior because some "entity" tells you to be afraid or to "give up". Involve yourself with your church or synagogue or mosque and engage your peers in calm and meaningful questions. Give them links....let them see what you see......maybe many of them are as confused and baffled by current events. You still have free speech at least to some degree. Ask simple questions.....why do we have a almost a dozen active wars going on around the world now? Why have NO bankers been prosecuted CRIMINALLY (not civil). Why are there 107 million working age Americans WITHOUT jobs? Why are we now ranked outside the top 30 in most educational categories when only a couple of decades ago we were number ONE......in most categories. Why are we destroyed as a manufacturing country and the only growth we have is in low paying "service" jobs AND NO ONE EVEN CARES?? CNBS can actually say with a straight face during the Jobs reports that the greatest growth was in hospital and medical jobs sector.....and proclaim that as a national success. They will ask you WHAT to do about it and you can let them know for ONE thing you can clean up your own houses. You can start within yourself. You can pare down your spending....you can pay off debt and not keep balances on your credit card. Everything you spend should be quantified and qualified........do you NEED it or do you just WANT it. Have you fallen for the trap set of "keeping up with the Jones" or have you become addicted to the WANT. Start now with these discussions. There will be MANY more NEEDS coming......and the WANTS will become long gone. Toughen yourselves mentally and physically. BTW I don't give a shit that the bankers are taking gold and silver down or the miners....most likely paper will become extinct with what has been done....I am NOT obsessed with physical gold and silver but most of you follow this site for some input on this subject and I feel it necessary to at least address the subject since it will be a key tool in pushing through to the other side IF there is another side when this ends. To me it is fascinating and entertaining to see how little I know about this world and I will continue to write and try and bring some pieces of facts that may shed some light on this game. Life begins and life ends much sooner than you can imagine so make sure YOU determine what is important to YOU now. IF you do NOT share my fascination with the game YOU need to get away from this site and sites like it now........gl to all of you..
Its why you are being destroyed in the paper market right now. THERE IS NO GOLD! Egon von Greyerz said to day on KWN....The attack in the paper market was always doomed to fail in the light of unprecedented demand and major shortages in the physical market. If you look at the Shanghai gold exchange, deliveries from January are 1,030 tons. That (1,030 tons) is against world gold production for the same period (since the beginning of 2013) of only 934 tons. That is absolutely astonishing volumes (of physical gold demand) you are talking about in China.
If you look at JP Morgan, their eligible gold, which is the stock they can deliver, has been down 65% just in the last couple of days. And COMEX, their stock is also down to about half of what it was over a year ago. Premiums now in Singapore are up $3 per ounce. If we now look at the Swiss refiners, remember Swiss refiners refine 70% of the world’s gold, the Swiss refiners are increasing premiums substantially.
They (Swiss refiners) already increased it (premiums) once, and they are increasing it again, and they can’t keep up with production. They are producing 24 hours a day, 7 days a week. Some refiners have major delays now, up to four weeks, because they can’t keep up with demand.
Now as an investory/zombie how do you avoid the scrap heap of the greatest collapse in history. Oh....wait.....you ask...what collapse? So you still don't think we are in collapse because you can still go to Starbucks and stand in line while the zombies stand in line for 5 dollar cups of coffee...or you go to Applebee's and there's a wait while hoards of zombies watch big screen TV's and swill cold beer. You my zombie friend are delusional. You my friend are ignoring what is happening all around many parts of THIS country NOT TO MENTION THE REST OF THE WORLD. Spain is in full depression and in full revolt. Same in Greece, Ireland, and Cyprus. Italy is entering depression this year as is Portugal and Slovenia. All of these countries will drag Europe and the rest of the world into recession then depression. Western banking powers are looking for wars to stimulate economies and trying to avoid all out nuclear exchanges (limited exchanges acceptable so watch out).
We are NOT in obvious depression because we enjoy a currency that still (albeit barely) retains the status of the world's reserve. Imagine that .....the ability to print trillions of counterfeit FRNs and spend them on goods and commodities from ALL the other countries that have to recognize the dollar's status. AND YOU THINK WE ARE REALLY not that bad. ITS A PONZI!!!!! Not only is it a ponzi but it WILL END badly. Maybe you believe since its lasted this long it will go on MUCH longer than I or anyone else can possibly imagine. I hope you are right. No...I pray you are right. Here is why. When this collapses, you are going to be shocked about what is under the emperor's clothes. As we continue to employ more and more socialized solutions to our economic problems we are trapping ourselves in a potential calamitous outcome. Without a private sector to support the economy....there is NO FLOOR when the music stops. WHO pays for our massive private and government pensions. WHO pays for our health care. DON'T forget...the world has said YOU ARE NO LONGER THE RESERVE CURRENCY. YOU ABUSED YOUR PRIVILEGE. More and more trade swap agreements between nations are accelerating so don't expect the dollar status to go on for multiple years. These agreements portend a fundamental change nearing.
China is not accumulating thousands of tons of gold because it thinks it makes nice jewelry folks. WHO do you think is aiding the West's Central banks in suppressing the paper price of gold. China could end that suppression in a NANOSECOND!!!. THEY are part of the suppression. And don't you ever forget that all the non western Central banks are buying gold by the tons as fast as possible. Germany is trapped. They'll be the odd man out when they pull the plug. Their gold is in the bankers hand....probably already rehypothecated into kilograms and in far eastern vaults. gl getting it back.....EVER.
If you think that this gold suppression game can go on indefinitely then gl to you. My hope is we get one more nice flush as gold bounces off of the much ballyhooed breakdown level at 1500 or so. Carter Wirth was all over this gold short tonight on CNBS. Short gold as it bounces up to 1500.......So is Credite Swisse ...they issued a short Gold at that level. So they're lining up for the battle there. They're pushing this technical level in the MSM. Is it a set up for a short trap. Be careful jumping on obvious trades. I hope they do knock the hell out of gold one more time. I know the Chinese will not fight it, but can another takedown be tolerated by the bullion banks, the LBMA, and the COMEX?? This game is breaking down and I wonder if they can pull it off one more time. They are good though......aren't they. They make Michael Corleone look like a piker.
I heard from a hedge fund manager today and he was dumbfounded by the market. He manages about a billion and says nothing makes any sense and everyone is looking for yield, but nothing is there. I began thinking just how dislocated reality has become and noted the news today of the flash crash triggered by a hacked Twitter account. Look at how many investors were robbed during that four minute stop run today. Leveraged players were particularly slaughtered. What is real? When a keystroke determines reality, then you can rest assured that only the human imagination is the limiting factor on the type of ponzies that will be created. Imagine the havoc ahead for the new digital wealth that people can have removed in a nanosecond with just a keystroke. As this robbery begins to occur with more frequency an alternative safe haven will become mandatory for your survival. Money isn't even paper anymore. Its just random atomic particles in space. THAT IS NOT GOING TO BE ACCEPTABLE. At least not as the ONLY store of wealth. Whether its creating fiat out of thin air or flash crashes reality is no longer present in these markets. Don't think that is going wasted on people of great net worth. They're scared and getting MORE scared by the day. Some of the players thought they might be able to get out before the music stopped but they're finding more and more minefields to cross that weren't there a year ago. Now the once safe haven banks in the Caymans, Bahama, and Switzerland have been turned into potential killing fields. Safety deposit boxes are now fair game for examination and confiscation. Currency debasement is a given. Political structure in once stable regimes is disintegrating and the bail-in demands become 70% instant haircuts. Comfortable sovereign tax structures are suddenly turning into killing fields. Ten million USD saved up over a lifetime for a comfortable retirement suddenly is returning interest of 24K/year. Then you have the developing counterparty risks evolving from the MFGlobal pillage placing the independent investor squarely in front of the firing squad. Imagine your digital account at MF Global being ZERO on that Monday. Get used to it. Digital extermination is just beginning. Whether its a hack attack or a some other digital destruction the protection of holding an asset in your hand will take on an entirely new meaning. I know you've heard the phrase "real money"....well now you are even having new meaning given to this terminology. I wonder how many of you reading this have even one ounce of gold on your person. How many have more than a handful of silver coins or bars? I'll bet its less than half maybe only a quarter of you. Sad.....but not surprising given the extreme length the cartel has gone to prevent the media from showing this trade for what it represents. ....gl with those USDs you're saving
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A farmer hedging his crop and selling forward compare to Gold market. The thing is the farmer's not dealing with something that is leveraged 100:1. In other words 100 paper contracts for every real ounce of physical. This is why we are experiencing some of the issue right now of massive demand and dwindling supply and why Comex inventories have dropped dramatically since the beginning of the year and rumors and talk of the LBMA trying to settle in cash because they unable to deliver the physical on the contract. Likewise wise why the Dutch bank ANB Amro recently defaulted on customer's allocated gold saying they couldn't deliver and would have to cash settle. Cracks are forming in the FR system it seems. Here is a chart showing how many days of world production would be required for the commercial banks to cover their existing short contracts. Notice how small the farmer's positions in say wheat, corn or soybean meal vs the 4 largest bars on the chart. IS it just a mere coincidence that the 4 largest happen to be the 4 PM that are most manipulated, heheeeeeeee!
Remember a couple of months ago when I warned that things were going to get very volatile with wide price swings to rip you out of the trade. Well we are there in spades. For whatever reason the game is taking on a very ugly turn here and for those of you that believe this is just a normal sequence of events developing, I suggest you check with your Local Coin Shop. These are anything BUT normal times. Many dealers have been hit by a deluge of buying as Precious metals buyers step into the blue light special for those bargain prices they missed on the run up to 1900 level over a year ago. Apparently the Cabal is in some type of pickle that forces them to try and take out the leveraged players with the mother of all stop runs in an effort to either save their COMEX or to try and crush the psychology of the metals buyers once and for all. We had a similar beatdown in the late 70s but the psychology and fundamental story for precious metals was not even close to the bullish fundamentals for gold and silver at this juncture. I guess they believe their 85 billion/month bond buying is just going unnoticed by the average sheeple. Maybe the sheeple didn't get that memo because the deep discount on gold and silver brought in wave after wave of physical buyers....not to mention the sovereign buyers. Even some of the miners are finding some buyers but the paper game there remains in the toilet for now until proven otherwise. Right now NO ONE is predicting a move up in Gold OR that a bottom has been reached. Some are predicting sub 1000. You can only hope. Weird sums up this past week. Multiple simultaneous operations appear obvious at the Boston Marathon with arrests of a "suspect" cancelled for the ultimate arrest of one of the surviving "pair of suspects". Two kids that were model citizens yet somehow had been under FBI surveillance for two years. Pictures of military and paramilitary everywhere. Bomb dogs. Public announcements BEFORE and AFTER that it was a drill. Poison letters sent immediately to Congressmen and the President. Internet restrictive law passed in the middle of the diversion. MSM falling in lockstep with the rollout of martial law never questioning its need. If you didn't follow the inconsistencies in this you owe it to yourself to check it out on Inforwars site. Just amazing as one of my emails said.......two guys could shut down an entire large city. Its as though the PTB seemed to be ready for this all along. Well after Boston, we are going to have this rolled out over the entire country before its over with so get used to it. It went off without a hitch in Boston so that box is checked now.
"Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." - Ben Franklin
Paper muppets remain under the gun as the puppetmasters continue to pull the trigger on the paper price of bullion and the miners. Just as the 46% gold correction in 78 devastated the traders in gold, today's correction has also managed to chase out the leveraged paper traders. The difference today is there is a much greater divergence in paper trades than in the 70s with the paper masters providing an enormous array AND quantity of paper products to divert fiat from the actual bullion. Whereas in the 70s the paper diversion was the COMEX and the miners, today we have hundreds of billions in the various ETFs and ETNs pretending to be backed by actual bullion but most will not even allow the simplest of audits. What is even more perplexing are the number of big investors that use these vehicles as pseudo gold and silver investments. One would think that someone with their resources would not be involved with such a dangerous trade. Nothing to see here now move along. Nothing to indicate a bottom is in and further pain is probably ahead but this is indeed a treacherous time and as I have stated previously the bottom will only be identified well after its established and you WON'T be on the up bus unless you get on a stop or two early. Next on the agenda are the reports of silver and gold shortages developing. I can report that my LCS had only a little over five thousand dollars in bullion inventory left. The only gold they had was one 10oz bar. Some odd silver coins and some junk. He stated that he was unable to get any silver from his usual suppliers and they didn't give him a delay time. He was worried and had never seen anything like it. Don't expect relief and if you have fiat left for bullion you may very well get a much lower spot price ahead but you won't be able to obtain bullion anywhere near the price. gl
I use as many metrics as I can find...This market is the BEAR of all bears perhaps worse than the 1929-1933 crash.It was the result of a thirty year credit bubble that could have been stopped. Many of us trading and trying to survive this will be destroyed....Many families will be destroyed, conversely many families will become closer as they unite to survive. I will attempt to provide useful current daily news that will assist you in your market and personal decisions. Always do your own due diligence...my commentary is just that....commentary. We are now entering the K Winter final phase down. This is heralded by a complete loss of CONfidence. Many of you that have read this blog know this is EVERYTHING for markets. We are lost and our moral compass is lost...that is a disastrous combination. The rule of law is now in the rear view mirror for this nation. Prepare for coming events beyond your imagination. readers
:Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it.[Richard Lamm]
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