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Muchas Gracias......wndsrf
Gold will rise with dollar as 'violent' global debt crisis unfolds, de-dollarization will take at least a decade - Brent Johnson
https://www.kitco.com/news/2023-06-23/Gold-will-rise-with-dollar-as-violent-global-debt-crisis-unfolds-de-dollarization-will-take-at-least-a-decade-Brent-Johnson.html
My Comment: There's no denying that the global debt of $305Trillion is unsustainable. How it all ends is the real question.
Color me skeptical -
My Comment: Stocks are overvalued, and this guy thinks stocks won't take a big hit in a recession?
Why The Equity Market Need Not Fear A Recession
https://www.zerohedge.com/markets/why-equity-market-need-not-fear-recession
It's only money -
My Comment: What's a measly $9 Billion in today's world free money?
"Huge" Bearish Bets Gone Wrong Cost Carl Icahn $9 Billion In Losses
https://www.zerohedge.com/markets/huge-bearish-bets-gone-wrong-cost-carl-icahn-9-billion-losses
It's only money -
My Comment: What's a measly $9 Billion in today's world free money?
"Huge" Bearish Bets Gone Wrong Cost Carl Icahn $9 Billion In Losses
https://www.zerohedge.com/markets/huge-bearish-bets-gone-wrong-cost-carl-icahn-9-billion-losses
Joe Biden Is One Really Bad President -
https://www.msn.com/en-us/news/politics/joe-biden-is-one-really-bad-president/ar-AA1bjpLE?ocid=msedgntp&cvid=60863cf4450a4709975f676cb3297b6e&ei=39
Excerpt:
Biden’s botches defy tabulation (e.g., abortionitis, race obsession, transgender-mania soaring federal spending, swelling national debt, sagging mental acuity, etc.) Too bad English has only 26 letters.
It really is all about the DEBT -
But I don't think anything will change. At some point we hit a brick wall.
Debt Ceiling Brinksmanship And The Necessity For Spending Reforms
https://www.zerohedge.com/markets/debt-ceiling-brinksmanship-and-necessity-spending-reforms
The country will not survive -
another Biden presidency or possibly even Biden's current term. And if Trump were to become president, we would also be doomed. Biden is emblematic of a declining America. Of course, Kamala Harris could become president. May God have mercy on our souls.
Watch: Biden Awkwardly Wanders Away During Air Force Football Ceremony | ZeroHedge
https://www.zerohedge.com/political/watch-biden-awkwardly-wanders-away-middle-air-force-football-ceremony
It's all about the DEBT -
Capital One Expects Recession By Year-End, Hammered By Bad Debt Provisions: https://www.zerohedge.com/personal-finance/capital-one-expects-recession-year-end-hammered-bad-debt-provisions
My Comment: Things don't really get ugly until the recession starts and with 35 years of the Fed destroying the economy, the recession should be severe.
Excerpt:
Specifically, the write-off rate in the firm's US credit-card portfolio soared to 4.04% in this year's first three months ($1.7 billion), almost double the rate a year earlier, and the Virginia-based lender said provision for credit losses soared to $2.8 billion in the quarter ended March, up from $677 million a year ago.
The driver for that expected loss is simple - reality!
“We are assuming a material worsening of labor markets with the unemployment rate rising from today’s very low levels to above 5% by the end of 2023,” the CEO told analysts on a conference call.
“We are also assuming adverse effects from inflation and some further worsening of consumer profiles from the flip side of their extraordinary outperformance in the earlier period during the pandemic.”
What If The Whole Shebang Unravels?: https://www.zerohedge.com/geopolitical/what-if-whole-shebang-unravels
My Comment: Charles Hugh Smith expresses my sentiments in this article. I think there is a day of reckoning for all of the CBs, especially the Fed, and the catastrophic polies they have pursued for the past 35 years. And when things really start to unravel, the CBs will be powerless to contain the consequences. Got gold?
Note: Sold all my long positions, added SDS, SDOW
Economy will Shift to Accept DOGE for Transactions on Physical Inventory;
"In all Cycles", Every Currency has it's End Day;
Were in the Failed FED rally Cycle;
Note the 3 peaks and a DOME in GOLD;
One can print more money, but, how much to print when no one accepts it?
Will Physical Inventory at Liquidated Prices be the new GOLD or easily trade-able DOGE
BTC the new Gold Standard, Rising up to 300,000 which is untrad-able for small markets or DOGE which will be more trad-able?
What would save the current market for the next cycle, abolish the IRS which is a double, if not triple standard of taxation...
HMM
$20 Trillion in 10 years is only $2 Trillion annual deficits which we are having in a growth economy. The deficits will be much larger in a recession. I'm expecting a $40 Trillion national debt by 2026.
$20 Trillion in 10 years is only $2 Trillion annual deficits which we are having in a growth economy. The deficits will be much larger in a recession. I'm expecting a $40 Trillion national debt by 2026.
We're Going To Need A Bigger Bank: Debt And Bank Defaults Threaten Commercial Real Estate Like Never Before:
https://www.msn.com/en-us/money/realestate/we-re-going-to-need-a-bigger-bank-debt-and-bank-defaults-threaten-commercial-real-estate-like-never-before/ar-AA19Mlei?ocid=msedgntp&cvid=9616fc65c7b34279c3b5b25dca08fd1d&ei=26
Excerpt:
The Letter pointed to the fact that it took the U.S. 224 years to hit $10 trillion in debt and in the last two decades alone, has added another $21 trillion. On top of that, it predicted that U.S. debt is expected to hit $51 trillion by 2033, adding another $20 trillion in 10 years.
411 or 4/11/23 The relevant information or the truth. "when guys come to you for the 411 on your friend.
You understand soon enough...
$SPX $SDS continuing to hold 5 units SDS avg 4066 with obj of 3100 SPX, and possibly of 2200 SPX. Major trendline just under 3940. Valuation continues to be horrible. Major cyclic low ahead.
Something like this; Dear USA, writing on the wall. It's official, "XXX" already started freezing bank account funds... Whose next? Everyone is! The only way you will survive even with money in your account is with high interest credit cards which is what they plan to do next... Not even Gold will do well...
Enjoy...
Does transparency create freedom and protection of wealth?
Shorting theory? never be short on a long weekend?
Any Historical Record?
TIA
$SPX $SDS cancel former order and buy 2 units SDS at 40.36. Now holding total 5 units, obj SPX 3000
$SPX $SDS holding 1 unit with breakeven of 40.30 after applying profit from sale of other half of position. Add 2 SDS on stop at 4113 and 2 more at 4163 on stop.
Prepare To Be Bled Dry By A Decade Of Stagflation
https://www.zerohedge.com/personal-finance/prepare-be-bled-dry-decade-stagflation
Excerpts:
At long last, all these gimmicks have reversed or reached marginal returns: they no longer keep inflation suppressed, asset bubbles inflating and profits expanding. The malinvestment of global capital will be revealed and the costs of the policy gimmickry will be paid by years of stagflation: high inflation, low or negative growth and endless debt crises as the reliance on cheap credit to boost profits comes home to roost.
It turns out that the inevitable offspring of hyper-financialization and hyper-globalization are inflation, credit crises and the undermining of national security as the self-serving goal of pushing corporate profits higher via globalization led to fatal dependencies on competing powers for the essentials of modern life.
Correcting these decades-long extremes will take at least a decade as long-suppressed inflation becomes endemic, supply-chain disruptions become the norm and capital has to be invested in long-term national projects such as reshoring and the engineering of a new more efficient energy mix--projects that will only be expenses for many years.