Sunday, August 13, 2017

THE BIG CON

In one word its all about CONfidence. According to Chaos theory something as small as the flutter of the wings of a butterfly halfway around the world can cause a typhoon to form on the other side of the globe. Its been all about preventing any hurricane to develop in our financial system and that begins with the most important aspect of a fiat or CONfidence based system. That little piece of debt paper that is used in billions of daily transactions globally, that is backed by just one thing.......CONfidence. CONfidence that the government/private cartel that issued it will actually be there during the immediate future to "stand good" for it to purchase goods and services. In other words, you can CONfidentally "hold" it for a "reasonable" period of time in your possession.


Bitcoin Cash Soars 70% Overnight Amid Bitcoin Uncertainty & China Crackdown



Gartman: "This May Be One Of The Most Important Days In The Future Of Equity Markets"....LOL






Wasserman Schultz IT Staffer Indicted By Grand Jury On 4 Counts

Bitcoin Blows Through $4000 As Asian Demand Soars


Therein lies the rub. Our fiat dollar relies upon this very fragile word. Our entire media has lined up since 2009 stating every five minutes  that we are in a recovery. With painstaking care they have avoided tripping a trigger to the meme of recovery. Its comical to watch a multitude of the same worn out pundits trotted out to extoll the virtues "financial engineering" for corporations as if this was the best thing since white bread instead of what it really is and that is pure fraud. 




We perpetuate CONfidence in every aspect of this massive debt bubble that has been created. Our "all important" monthly NFP jobs report is a complete fraud now. There has been very little improvement in actual full time "good paying" jobs since the collapse in jobs in 2008. We've created a lot of mediocre paying part time jobs and we've rigged the numbers with the "birth/death" adjustments to suit the needed outcome that months. One of the largest employers in my area is a massive outlet mall and I drove through it yesterday and it looked like Armageddon with 60 store closures and more to follow. Very eery to see big brand names like Ralph Lauren shuttered.


Dudley Warns "Market's Rate Hike Expectations Are Unreasonable" Sending Yields, Dec. Odds Higher........LOL


We send out a barrage of Fed speakers touting future "rate hikes" saying the "economy is strengthening"......even though we continue to bleed good paying full time jobs. "What will the Fed do next" dominates Bloomberg and CNBS. Its no longer a "soft peddle" for the next best investment idea. Its all about the Fed and what THEY will do to goose the juice. Its only about the juice.


Gut Check: Take Tums to Work as Gold Just Broke $1300 with HEAVY VOLUME


Ignore the long bond pays 2%. You wanna buy a boatload of these babies don't you. Just load up on these stinkers for the long haul with dollar devaluation a certainty. I like to call it the Trifecta investment. 2% annual return with a sinking bond price and a long term dollar devaluation/inflation. How can anything go wrong? 

Its all good. Keep listening to the music.





90 comments:

  1. It is not just outlet stores closing. I saw thar AppleBees and IHOP were closing shops. These are lower priced mom and pop eateries. Guess two incomes (and only 30 hours a week per employee) doesn't allow for the upper end blue collar or lower end middle class the ability to even visit these lower end eateries!!!!

    But it is all good!!!! If you can afford it. HeeeeHeeee

    ReplyDelete
    Replies
    1. same here too.....many big box eateries are looking like ghost towns at night.....was in Chilis last week and no one there. the very best food places have business but the the mediocre places are ghost towns

      Delete
  2. The Sears located just a few blocks from Microsoft world HQ is a ghost town. 10 or less cars in the parking lot on average.

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. Indices being propped so all that $$ doesn't momo into BTC, lol. Metals futures flat, of course.

    Imagine if all that Crypto$$ was flowing into metals...

    ReplyDelete
  5. Why am I not surprised?

    Skepticism Mounts (Again) About the Next Fed Rate Hike

    https://blogs.wsj.com/moneybeat/2017/08/14/skepticism-mounts-again-about-the-next-fed-rate-hike/

    Want to cancel a rate hike.... just talk some crap about NK....hehe

    ReplyDelete
  6. http://www.france24.com/en/20170813-change-or-die-american-malls-confront-amazon-era

    French will talk about it, lol

    ReplyDelete
  7. One more good one:

    These 10 images explain the whole story (make sure to click "load 10 more images):

    Edit: They deleted to images to hide the evidence with the link below: https://m.imgur.com/r/The_Donald/d3sFx

    Instead, here is another similar picture story about what happens:

    https://archive.fo/ptJX0

    https://i.redd.it/lo09leymrmfz.jpg

    This man isn't just some ordinary citizen. He has a long history of higher level government work who has received $380,000 from George Soros.

    Earlier today, a bunch of new accounts where defending Soros saying that he would "never use paid protestors for sinister political purposes" although this is exactly what he has been doing for the past year. This is what made me think this was Soros' dirty work. His minions probabaly wanted to impress him on his birthday which was August 12.

    This whole thing smells funny but the good news is that the people are doing some amazing work with these investigations since we are forced into doing the FBI's job for them.

    Thanks to /u/LightBringerFlex

    ReplyDelete
  8. what i find interesting with these car vs pedestrian terrorist attacks is how they have coincided with the ability to drive these cars "remotely".......since the Hastings "suicide by car".....there have been multiple late model trucks and cars driving into crowds......oh how CONvenient....... So IS this a true "lone wolf attack"? ........ somehow I do not think we can prove that since we'll never hear the "attacker" testimony......

    ReplyDelete
  9. Nope- we will see glimpses of him in court with "far-away eyes"...

    ReplyDelete
    Replies
    1. The Wall Street Journal reports that Mr. Fields joined the Army shortly after high school and reported to basic training in August 2015.

      “He was, however, released from active duty due to a failure to meet training standards in December of 2015,” Lt. Col. Jennifer Johnson, an Army spokeswoman, said in an email. She didn’t elaborate on how he failed to meet standards.

      “As a result he was never awarded a military occupational skill nor was he assigned to a unit outside of basic training,” Lt. Col. Johnson said.

      Delete
    2. Maybe destined for something more covert?

      Delete
  10. Interesting stuff coming out re: Jason Kessler, organizer of Charlottesville rally

    "Jason Kessler (Organizer of Unite the Right), Currently a White Supremacist, Was Formerly Involved in the Occupy Movement and Was a Full-Fledged Obama Supporter."

    https://www.splcenter.org/fighting-hate/extremist-files/individual/jason-kessler
    https://www.reddit.com/u/GodKingHarambe

    ReplyDelete
    Replies
    1. LOL.......total psyop/false flag op........Jones had him on last nite and smelled a rat

      Delete
    2. Arrest records indicate that Kessler was convicted in 2005 for shoplifting, obstructing justice and for a string of failures to appear and register, in addition to numerous traffic violations and citations.

      LOL looks like he possesses all the necessary qualities of a mole

      Delete
  11. The NK threat died down....vix falling....gold falling...no more rate hikes this year....

    It seems like this is the plan.... create a crisis....get everyone scared.....then bailout, print or do whatever the hell else necessary to make the stock market continue to da moon.

    The sheep down here at ground level don't care. Keep their minds occupied with Facebook, Netflix and iPhones and the cabal can do whatever it pleases... they could print 10 trillion overnight and the general public wouldn't give two craps as long as their minds are occupied with meaningless distractions.. Part of it is apathy.... part of it is laziness.... part of it is ignorance.

    ReplyDelete
    Replies
    1. all true......complete CONfidence maintained.....until it ain't

      Delete
    2. Maintaining the system perpetuates and grows the malinvestment...and grows the bubble even larger so that the next crisis will be even more awful than the last....its just getting kicked down the road a little further....woe be those that reap the wind

      Delete
  12. Look at gold right now....

    1280

    I bet they take it to 1250 by weeks end...

    ReplyDelete
  13. I'm holding out for the $11 silver Judi/John/Kindle promised us. C'mon, man deliver!!

    Boston takes a breather from defending free speech...
    http://www.bostonherald.com/news/local_coverage/2017/08/proud_boys_founder_cancels_plans_to_attend_boston_free_speech_rally?utm_source=facebook&utm_medium=socialflow

    ReplyDelete
  14. Ironic you titled this post the "Big Con" hehehe Cause that all this weekend was about a Big Con! Unfortunately though a woman lost her life but I guess you have to break a few eggs to make an omelette...

    ReplyDelete
  15. This country is in sad shape...It has been bought and we have been sold..

    SS I said $14 that means $14.99 or less.

    ReplyDelete
    Replies
    1. If they take it sub 15 I'll celebrate with a very large order.....

      Delete
  16. Kli,

    https://m.youtube.com/watch?v=yuBe93FMiJc

    ReplyDelete
    Replies
    1. So prescient......this entire ponzi began hundreds of years ago....and all the sheep will be harvested by them. You don't think that movie was "coincidental" do you?? It was a message to those of us that want a "change".....

      Delete
  17. Retail Sales CON
    478,873,000 This week
    473,513,000 Month ago
    457,849,000 Year ago

    Selling a lot in those empty malls (going outta business sales???)
    Hehehehehe it is all good

    ReplyDelete
  18. Current gold price: 1,271.80

    KLI: You make it sound like the entire history of fiat currency is riddled with corruption since the first coin was minted.

    ReplyDelete
    Replies
    1. LOL.......nahhhhh.....just the last couple thousand years....do your homework and see how they did it back then with even the gold and silver coins......heck the romans turned their silver coins eventually into pot metal at the end......thats why i have never advocated a return to the gold standard.....they raped it when we had it...... BTW I own some old gold British sovereign coins....they only have about 40% gold in them as the empire collapsed it devalued its gold coins by putting less and less gold in them.....

      Delete
  19. EXK support

    http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=3&mn=4&dy=0&id=p24514662262&a=539745238&listNum=1

    ReplyDelete
  20. I like that pessimism in the Gary Savage technical video above.......LOL you gotta love a technical trader that is finally turning bearish on the miners........

    ReplyDelete
    Replies
    1. sounds like he's finally been killed by the bankers..........hard to trade these shares Gary....trust me its just a buy and hold and pray.......BWAAAAAAAAAA

      Delete
  21. Why don't you want return to gold standard? I think we should return to gold standard. It would help prevent the Fed from printing trillions like they did after '08

    Then again.... the Fed these days probably wouldn't care... they probably would have printed regardless of gold stsndard.

    Hmmm...

    Could you explain how the gold standard hurts the average joe? You can explain with text or share a YouTube if you can find one,

    ReplyDelete
    Replies
    1. The money changers can manipulate a gold standard just like they manipulate the NFP jobs report and virtually every metric regarding our lives right now.

      Delete
  22. This has always been my opinion.... we had bubbles under the gold standard...but the bubbles were smaller becaise they were allowed to burst.

    These days... the Fed reinflates the bubbles over and over again...each bubble getting larger and each bubble screwing over future generations even harder.

    I support returning to the gold standard....I trust the gold standard more than the Fed.

    ReplyDelete
  23. Interesting....which asset classes have performed the best in the last 10 years:

    https://pbs.twimg.com/media/DHXMMOoXsAEVwna?format=png&name=large

    ReplyDelete
  24. Whipsawing those spot metal prices... can't get my lo lo miner stink bids filled either!! WTH?

    ReplyDelete
  25. Did you see the miner stocks today?

    RIC up 3%
    GORO up 4%

    Why going up so much?

    ReplyDelete
  26. LOL......yes I did EXK over 5% AG too.....o yea

    ReplyDelete
  27. O yea... unless one is trying to make a nice buy. interesting to me that Sinclair's TRX was >+11%!!

    ReplyDelete
  28. lotta snorting and farting today on WS...markets "tanking" ...Trump "tweeting"......terrorists "tackin'".......wooo hooo....just a scary scary place out there........better get sum fear before we move to the next stage of money printing.........On a funny note .....I knew I couldn't trade Monday so I had a little money to trade with Sunday nite and put a stink bid in on AG.......changed it to a much higher bid so that I would have a better chance Monday since I couldn't watch the markets......So I check in after the close monday and not only did it fill on AG but it filled BELOW what my stink bid would have been. I found this hilarious since most of the time in the past when I tried this strategy it always failed.....oh well better to be lucky than good

    ReplyDelete
  29. The stock market is crashing!!

    Gold
    1,290.80
    +7.90 (+0.62%)

    Dow 30
    21,822.51
    -202.36 (-0.92%)

    ReplyDelete
  30. KLI: What's your opinion about today's market action?

    Look at the headlines on Drudge:

    GARY COHN RESIGNATION WOULD 'CRASH MARKETS'
    STOCKS FALL

    And here is the headline on Fox News:

    'TERROR ATTACK' IN BARCELONA
    At least 13 dead, suspect arrested after van rams through plaza crowd

    ReplyDelete
  31. Was just watching CNN... Car plows in to hundreds of people. 13 dead... 50 injured.

    CNN host says "We're not sure if this was intentional or not."





    ReplyDelete
  32. SnP is breaking though some support levels.

    ReplyDelete
  33. Yet base metals have been strong- Zn @ decade highs... Cu & Pd futures have been very strong.

    ReplyDelete
  34. The stock market is crashing!!

    Dow Jones Industrial Average (^DJI)
    DJI - DJI Real Time Price. Currency in USD

    21,777.43. -247.44 (-1.12%)

    ReplyDelete
  35. Dow

    21,750.73
    -274.14 (-1.24%)

    Gold
    1,294.20
    +11.30 (+0.88%)

    Is this it KLI? Is this the start of the big reset?




    ReplyDelete
    Replies
    1. LOL.....if you think that anyone can tell you "when" the big reset is then goood luck.....BUT here is what you need to ask....by the time you figure out that you are in the "big reset" then its too late. Its coming but at what pace? and at what time frame?......what you really need to consider is how you are prepared for what ever scenario they throw at you.

      Delete
    2. The Kress cycles were invalidated by the Fed money printing....so maybe it looks like they "won"....however they have only made the reset that much bigger......so enjoy

      Delete
    3. Do you think they are crashing the market now to justify more money printing?

      Delete
  36. Holy mama..... look at the VIX....

    15.56 + 3.82 +32.54%


    ReplyDelete
  37. Bradley Siderograph showa August 18 bottom:

    http://swingcycles.blogspot.com/2017/07/jul-31-2017-weekly-outlook.html

    Showing nested bottom in mid Aug/Sept for months:

    http://swingcycles.blogspot.com/2017/07/outlook-week-of-july-3-2017.html

    and now it happens!!!!! BoooYahhh....

    ReplyDelete
  38. Looks like it's time to pick up some RWM and physical.

    ReplyDelete
  39. Haha you fools and suckers ! Stocks crash but no love for mining stocks AGAIN !!

    ReplyDelete
    Replies
    1. we all know your timing....heheheheheheh

      The great skippy call of all time
      AnonymousDecember 24, 2015 at 1:15 AM
      Jay, I've had a good deal of success watching trends and playing them accordingly. I also never go for "jackpots", but small trades that add up over the year. It's amazing when you make anywhere from $500-2000 in a trade, seems like small potatoes, but if you have 20-30 of them in a given year, you're talking about some serious $$. For instance, 3 weeks ago, I bought some Smith & Wesson before earnings, pure speculation based on all the gun control talk and the company announced solid numbers and I made a cool $1700 profit for 2 days work, not bad.

      You are very smart by staying off gold and miners, the trend is down. And no, that's not what "they" want you think Jay, miners are garbage, have been for 4+ years, and there will be no "rotation" into miners. Kli is dead wrong on this. I'm not happy per se when he's wrong, I'm just astounded how keeps double and tripling down all the way to zero. It's a combination of sheer lunacy and being stubborn and not admitting getting on the wrong side of the trade. The amount of opportunity cost lost on miners and gold over the past 5 years compared to the performance of the stock market is immeasurable and cannot be recovered ever again. Only a total fool like Kli fails to see that.

      That's right Jay, along with other commodities, gold will be hit hard in 2016 and beyond and most of Kli's miners will go bankrupt as the price of gold falls below production costs, very simple. In the short term, next 2-3 weeks, I see gold heading to the 1020-1030 area, and if you want to make some quick $$, take a look at DGLD, the 3x inverse ETF. I bought some yesterday and today, will add more if there's any suckers rally in gold.

      One of the best plays of 2016 will be shorting gold and DGLD is my preference, but there are other options, please do your own DD. And remember, these are not buy and hold plays, quick trades of 1-2 weeks, sometimes less.

      Delete
  40. Stifler remains in such an enraged state he is incapable of rational thought. SPX -.46% today. Crashing? Get a grip, boy, before you drop your hot pocket.

    ReplyDelete
    Replies
    1. I just think he wants to be loved.........by anybody ......he did have dinner with "friends" several years ago and seemed very happy then....

      Delete
    2. Do you think Stifler is one of those Antifa miscreant's running round playing Ninja living out of Mommy's basement who's feeding him Golden Grahams?

      Looks like GPL is getting set love this morning, encouraging...

      Delete
    3. BWAAAAAAHAHHHHHHHAAAAAAAAAAAAA!!!!!!! Stifler returns, flaps his top notch law degree piehole and like quantum theory, creates a bump in metal demand spiking here above 1300 & 17.30. Weeeellllll, there goes my stink bids I guess for the day. Maybe they'll bring down the hammer & I can get a bargain for a change.

      His dinner companions probably bought DGLD on his reco and now aren't speaking to him.

      Delete
    4. Sum not set, Stupid Phone! Hehehe

      Delete
  41. 2 weeks ago i picked 1310 or 1320 as a daily cycle top.......close enuff today....I thot last week we wouldn't make it but they delivered the ponzi paper price

    ReplyDelete
    Replies
    1. IF IF IF this is the daily cycle high then I believe this will be it for the beatdowns with the intermediate cycle high in place shortly if not already.

      Delete
  42. Gold
    1,304.10
    +11.70 (+0.91%)

    Where will it stop?

    It went from 1250 to 1304 very rapidly.

    President Trump is falling apart.

    ReplyDelete
    Replies
    1. Jay, relax and start that 6 for the weekend, pre-eclipse party...

      http://imgur.com/5pIQakO

      It appears to be in-hand...

      http://www.breitbart.com/tech/2017/08/17/report-gop-rep-dana-rohrbracher-meets-julian-assange/

      Delete
    2. The stock market is down 350 points in 2 days and you want me to relax!?!

      Delete
    3. I regret not buying physical gold when KLI advised to do so.

      Delete
    4. http://hotair.com/archives/2017/08/16/three-antifa-protesters-arrested-outside-chicago-courthouse/

      Delete
    5. current price is relatively meaningless since you can still source it at sub 20......I recommend buying physical silver anytime you have the "ability" to do so if you understand WHY you are buying it. the day to day and month to month prices of physical are only theater. only paper players in miner shares are reliant on these technical moves in the paper markets.

      Delete
    6. relax Jay ........one way or another if you are in paper you're foched

      Delete
    7. Did Trump's arm or leg fall off?

      Heheeee Jay lay off the soy based product's, it appears you have a high level of estrogen! Either that or switch to decaf!!

      Delete
    8. Its not too late to pick up some shiney. It'll make you feel better. Also, check a chart once in awhile, lol

      http://imgur.com/a/t3dxD

      Delete
    9. CDE with a bullish MACD cross looking good... while DGLD's chart lookin' pretty pathetic, there, Stifler! Quick- how about one of those legendary quick trades out of it for a big loss, now??? BWAAAAAHAAAAAAAAAAAAA!!

      Delete
  43. I kid you not... this was just posted on CBS Marketwatch website:

    After Barcelona attack, Trump implies bullets dipped in pig blood could end Islamic terror.

    ReplyDelete
    Replies
    1. Hey Dumbass,

      Stop running around like Chicken Little and read, you're so programmed it's comical!

      https://books.google.com/books?id=6uRAAQAAMAAJ&dq=Pershing%20Moros&pg=PA86#v=onepage&q=Pershing%20Moros&f=false

      Once you're done, you'll understand Trump's Pershing Tweet, which is his strategy in the ME & it's working, he getting us out of the Hell Hole we created..

      Btw: Contrary the lies spewed by the MSM, He's doing quite well, you might also want it put the Art of War on your reading list, then it will all make sense....

      Delete
  44. again daily cycle in PMs and miners may top today and if so we MIGHT get another buy opp in a couple of weeks

    ReplyDelete
    Replies
    1. C'Mon can't we just get another couple of weeks of upward action, I just need another buck on GPL! Hehehe

      Delete
    2. https://twitter.com/mitchellvii/status/898138662411669504

      Mitchell may have called it...

      Delete
    3. He's been pretty accurate thus far and hes spot on with his polling analysis, anyway he's right on this too, Trump has got the MSM and the Baying Hounds doing back flips all the while exposing them for what they are and doing good stuff all the while!

      Delete
    4. Sentiment needs one last beatdown before the boyz return home in September from the Hamptons.......my guess is no MAJOR move in miners or gen market until september. remember the last big buy move in miners waa IMMEDIATELY upon the boyz returning first of Jan 2016

      Delete
  45. Market just turned green...whatta game.

    ReplyDelete
  46. That and the metal's futures were an expensive re-balancing- look at those volumes, lol

    ReplyDelete
  47. Ahhh... breaking news on Drudge: Trump Tells Aides He Has Decided to Remove Stephen Bannon

    ReplyDelete
    Replies
    1. Ding Dong, it was obviously decided weeks ago, why do you think he's been doing interviews... Hehehe

      Watch how the MSM reports it, you can rest assure it is the opposite... Also looks like someone leaked it and I'll bet that someone was set up...

      Delete
  48. For those who fell for the false flag @Chrlottesville- here's the organizer. The white supremacist who isn't...

    https://www.youtube.com/watch?v=IXJBsLpuf_M

    #UniteTheRight's Jason (((Kessler))) reads his"White Devils" poem: Evil whites subjugate Africa, mine it, marry 'ebony queens' and are killed 4 their ways...

    ReplyDelete
  49. Hehehe....

    http://www.zerohedge.com/news/2017-08-18/bannon-speaks-im-going-war-trump

    ReplyDelete