Sunday, May 19, 2019

THEY CALL ME BUBBLE BOY

A funny scene in the Big Short is a scene where the Deutsche Bank swap seller confesses to Mark Baum that his colleagues at Deutsche call him Bubble Boy and Chicken Little. I laughed out loud, realizing that I have fallen into that identity. As Jarred Vinnet was ridiculed in 2007, a small number of insiders/smart money were moving into the short trade. How can a bubble that was developing be so obvious, yet ridiculed to the point no one would bet against it? Your answer lies within the question. Calling real estate a bubble was publicly ridiculed in 2007. Its an age old insider strategy. Blow the bubble and then transfer your positions at the top while crying loudly there is no bubble. You give all the reasons that "this time its different".

You transfer the risk. You're out. The bagholders never believe they're the bagholders until they are trapped. There's always a reason its "different this time". For instance we now have the Central Banks uniformly "backstopping" the markets. Never mind they're just printing fiat and buying worthless assets. Its all good. The mantra that "this can go on forever" is now a predominant sentiment in the bubble riders. Reckless investments have been rewarded with the easy money backing their "brilliant strategy". What could go wrong?

The smart money will move into the assets that have not moved with this bubble and one of those assets is precious metals. Once they're positioned then the overt price move upward will be allowed. Yes, they do have that much control. gl

22 comments:

  1. At 29 minutes on the vice vid Paulson tells you the Big CON....lol......

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  2. lol they actually tell you in the pump piece how the "helped" save the "financial system"......lol.....the BANKS....heehehehehehehehehehehehehehehehehehehehehehheeheheh

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  3. btw if anyone cares to recall what was being said ALL THROUGH 2008 by these same lying scum then i will replay it for you.........."its all fine"...."there is no crisis" ......lol.......NOW they tell you that they were in full panic mode and the "whole system" was going to collapse.......lol........I know that I have complete CONfidence in the system now and our dear leaders....lol........"its different this time"....... In reality we just had 10 years of the banks having an open credit card with NO limit........lol....WHAT COULD GO WRONG?

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    1. ...and voila, ya get what we have today:

      https://www.msn.com/en-us/money/companies/fast-food-workers-new-job-perk-finish-a-shift-get-cash-to-go/ar-AABzVVV

      "With an accelerating economy and the U.S. jobless rate at a 49-year low, restaurants are hurting.

      The study found that 51% of Americans wouldn’t be able to cover necessities without dipping into savings if they missed more than one paycheck.

      Labor is “the number one item” discussed among management, Christina said. “In all my years, it’s the toughest labor market that I can remember.”"

      How does that article even make any sense? lol

      Then it creates a lost generation:

      https://www.msn.com/en-us/money/personalfinance/playing-catch-up-in-the-game-of-life-millennials-approach-middle-age-in-crisis/ar-AABADLe

      Like Putin says, the entire US economy is people selling houses to each other lol That and fast food.

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    2. you mean the workers actually matter????....lol

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    3. Isn't that funny. In their never ending effort to marginalize labor and wages these special interests and lobby groups realize that actually workers do matter. lol

      So burger flipper wages have tripled as they FIGHT FOR $15 and doctors, engineers, skilled position's salaries have stagnated and yet the price of everything is UP UP UP.

      Ya Got TARP GREEN SHOOTS OPERATION TWIST QUANTATIVE EASING QUANTATIVE TIGHTENING LOWER THE FEDS FUNDS RATE INCREASING THE BANKS BORROWING WINDOW MARK TO MARKET ANONYMOUS TREASURY BUYERS AND ON AND ON.

      If I didn't know any better, I would think this is a sham lol

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  4. lol.....a true eval of Tesla's true value...

    http://news.goldseek.com/GoldSeek/1558443668.php

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    1. How do we know the value of anything anymore?

      https://www.zerohedge.com/news/2019-05-20/beat-market-china-smart-investors-force-themselves-think-stupid

      So you have to wonder if anyone cares and or if a lot of people know what's goin' on and just want to look the other way and ride that big shit wave until it all blows up. Sounds like a plan, welcome to the 21st Century lol.

      https://www.youtube.com/watch?v=aKnX5wci404

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    2. lol....my limited Connections all know and just are riding the wave until it blows......

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    3. been buying physical gold and silver heavy for the past 9 months......and THANKING the cartel everyday

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  5. Gabbard has ground to a halt:

    FB group- Tulsi Gabbard for President 2020
    Group · 1.5K members · 10+ posts a day

    Upcoming EventsShare Events
    Tulsi Gabbard does not have any upcoming events.

    Solomon of The Hill announced last night, first DECLAS of FISA docs in 7-8 days. It looks like a slow-roll start. Comey was supposed to have the hammer fall before DECLAS...

    Sadly, all excess liquid funds flowing into Univ expenses for multiple offspring during this accumulation opp. "Investing" in domestic startups, lol

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    1. lol.......its impressive how much they can do to extend and accumulate PMs and hard assets......but its going to switch one day and everyone not in the trade will be frozen in the headlights......I readily admit that i never believed I would be buying silver at sub 15 in 2019 lol.....but I won't look a gift horse in the mouth

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    2. and as far as gabbard goes.....she will NEVER be allowed......way too dangerous

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  6. Speaking of Grinding to a Halt.... There's that NY Minute we were talking bout the other day!

    Bahwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!


    https://hotair.com/archives/2019/05/22/finally-solid-polling-numbers-de-blasio-um/

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  7. OneWeb One World. We're launching the first 5G ready network in space. Providing broadband access for everyone, everywhere. On land, at sea, and in the air. The cost of laying fiber nationwide - is not going to happen. Sure, maybe in dense metro areas, but not in Montana and other sparsely populated areas all over the world).
    At what altitude will OneWeb launch its satellites initially? OneWeb will launch into a 450-500km altitude, which is above the International Space Station. From there, our satellites will climb to an operational orbit of 1,200km.
    Elon reveals 60 of many (800 to begin) internet satellites (fiber in cities?),
    One Web was merged with Intelstat (I symbol) and funding from Softbank In a recap, Huge potential - the next Amazon? billions have no Internet access outside cities,

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    1. Amazon’s satellite internet plan is increasingly looking like the one Elon Musk has at SpaceX, with thousands of spacecraft that are compact in size. Among the reasons for the similarities, people tell CNBC, is that Jeff Bezos has hired some of Musk’s previous senior management.

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    2. Well it appears that working for Musk has now gotten real chitty, literally....

      https://www.breitbart.com/tech/2019/05/24/report-teslas-cost-cutting-now-not-ordering-toilet-paper/amp/?__twitter_impression=true

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    3. Tesla's will be taken private when it breaks 10 bucks

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    4. Intelstat (I) has no connection to Telsa (never has), other than a part ownership by Musk as a result of "recap" of Intelstat , One Web, and a position by Softbank.

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  8. https://youtu.be/nOCEJdwczV4

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