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Another bank failure. Signature Bank in NY.
I have been warning you for a good while. Now the shit comes pouring in. Remember my mentions of S&P500 4350 and 3850? Where has it been riding for a long while? Inbetween. If it convincingly breaks below 3850 we have serious trouble. Bad shit cometh. Good luck. nclh will never recover.
One month ago Jim Cramer was publicly recommending Silicon Valley Bank positions. Think about that.
Remember my rule........ NEVER trust banks, the Fed, government or insurance companies..... talking head types.
Ya know what $12 for a Whopper, fries and soda gets??????? Bankruptcy court. Burger King core is filing bankruptcy.
Collapse in slow motion.
Watch this and pay attention. I don't have access to the data needed to give detail. But I have a few friends who do have that access. They suggest a lot of data points are pointing to mid to late March where potential trouble could occur. Time is running out. Prepare as best you can
Way back when, I went to skool and made friends with an Economics Professer who told me a lot of cool stuff. One thing he told me I did after I graduated - read everything and look for trends......compare to history books. I did. I have. And I continue Gerald Celente comes to mind. He does the same. It truly does work. The bad thing is...... a lot worse is coming. Time is running out. Stack precious metal. Horde food and water. Secure guns, ammo and medicines. Get a bad ass dog and bond with them. Develop a clan of like-minded people. Learn survival tools..... fishing, hunting, growing food, scouting, carpentry, etc. I beieve the government will turn against us.
One important note: There will be multiple attempts to reset the currency and financial system. They will fail until a true gold-backed system is established. Don't get too involved until then.
This video explains the larger details as the banks come undone. 1 hour
musical chairs
Some people come to me and say, "I thought you said the sky was gonna fall". And I'll say, "I did. But I didn't say when." Well, folks, it's falling, but it's falling in slow motion. I said war, desease, famine economic and financial collapse. That stuff is here. The ball is just beginning to roll.
I began stacking metal in 2018 in preparation. I was confident that history would repeat itself. I just didn't have the when part figured out. So I looked and looked. Obama and Biden are the biggest liars that ever was. Trump too, but not like the others. I found Trump lying about economic and financial details - things most people would no have idea about - economic data.... the small stuff. I'd find it because I'm a nerd. But in February 2018 Trump lied about something dear to me - manufacturing capacity. I was a manager at Toyota who stayed in tune with that kind of thing. A month or so later Trump bragged about Toyota bringing a plant back from Mexico. I'm thinking it was Corolla. I managed the floor at Highlander. What Trump didn't say was Highlander was leaving to replace Corolla but Corolla was not employing at the Princeton location. I had to leave Princeton. They gave me an operations job at Georgetown with Lexus. The capacity number was enough to prove a trend had begun in American manfacturing where the serious money was drying up. I began stacking gold and silver.
Something else being hid from us...... bank failures. They have been common overseas. But did you know they have been common in the US too...... we just don't hear about them - small banks - billions of dollars lost but nothing catastrophic. Now, the bank failures are much larger - hundreds of billions of dollars. The following article appears to discount the event. Afterall, the FDIC is issuing recovery notes to customers. What the article also discounts is the FDIC has only 1.5 cents for every dollar they insure. More banks will fail. I guarantee it. And FDIC will disappear broke.
Another note you should make for yourself in this reading is who is being affected in these failures. The answer is Cryptocurrencies and technology comanies - two no-no's for most people. Bad shit cometh. bank article
I posted a short while back on the bull trap. That has come to pass and continues. There is another head and shoulders forming now having begun in January; left shoulder data point is January 18; neckline data point January 30; head data point February 15; neckline data point is Februry 28; right shoulder data point is March 6; neckline break was yesterday.
Apex quantifications: Bull trap- 16.63-14.43=$2.20 or $12/23 initial target. Head and shoulders- 18.11-14.43=3.68 or 14.43-3.68=$10.75 initial target
The Fed throwing money around could negate but the 3 rd wave of the market decline is thought to be underway. My $2.50 nclh target remains and will likely go lower and probably bankrupt.
A few banks in California are shutting down - no liquidity.
I think you should go to school and learn about finance and economics because you have no grasp whatsoever of reality. AND quit believing the liars on television..... that includes the government.
btw..... There are a handful of banks in Northern California shutting down. No liquidity/cash. We are watching the world collapse in sjow motion.
It is falling apart in slow motion.
LOL I say it's bullshit. DUH Being an ETF participant has nothing to do with nclh reality. Junk bonds flying out the door. Equity dilution as fast as possible. Unable to pay bills. Nonstop institutional and insider selling. Selling assets. The list goes on and one. Did you copy that stupid crap from a brochure? LOLOLOLOLOLOLOLOLOL Sorry, but I deal in reality.
Harry Dent Rant March 10
It is getting wacko
I like the constitutional/junk silver. I believe it will be handy in barter if things get ugly ugly ugly. A roll or two can fit in your pocket. I bought a monster box of Maple Leafs. I had a few tubes outside that. I like their looks. I have a lot of Eagles. The largest collection in my silver stack is generic rounds - buffalos, rcm's, skeletons, more. I have quite a bit. I haven't looked at it in long while. I live on Ariole on the front If you are familiar with the area you know the house is on stilts. I bought a larger safe and had to reinforce the floor. LOL Pretty expense.... had to get a new stilt installed to make the thing safe. I'll have to get you to come over some time. That may be difficult. The plan was to live there 7 months out of the year. I'm there a lot less these days. I have several trips to the farm and I hang out with Mercedes a lot on her stuff - mostly restaurants.
I just ordered a $500 bag of junk from SD Bullion. $8980 Probably mostly quarters and dimes. I'm done for a while. I was buying a lot from my uncle. He quit selling.
FYI
I buy most of my stuff from SD Bullion. They bought Provident so they have a wide inventory of constitutional. My uncle quit selling.
We kinda like the idea of Milton or maybe adjacents to the west (away from swamp land)...... because it's close to our Pensacola Beach house per Ariole..... 30 or 40 minutes. When prices fall out we may do it. We want some place to shoot and grow food if possible.
Good go! I'm thinking of it. I have no idea what I'd buy. I still like constitutional coin. I'm around 30/70 and cuddle the idea having constitutional as a barter item if it takes a while to shake down in any conflict.
While I'm thinking of it....... Is there much sand in the soli where you live? We used to go target shooting near there and the ground had a little sand in it. We have been talking about buying a spot around there.
Bix Weir tells of reason to slam silver prices in a declining inventory. weir video
Oliver is favorite
LOL Another clown. I don't believe a word of it. But here is something I do believe..... You don't know what you are talking about..... not at all..... ZERO. btw, nclh began its decline well before the pandemic. AND it will never recover. NEVER. del Rio has made sure of it.
Lots of lobster and yellow tail, a few red tail.
Walmart is closing 269 stores.
As a reserve currency the dollar has tentacles everywhere. It is a very big game being played in unexpected places and ways. It will create influence on you and me kinda soon.
I know some believe the West is winning in Ukraine. The opposite is true. Russia just took key cities from the West. Biden is about to declare a state of emergency over this. The West is going to get stupid and escalate the war into something very dangerous. You better prepare ASAP.
Russian submarines have been seen along the east coast for over a week.
Our fishing trip begins tomorrow.
I know some believe the West is winning in Ukraine. The opposite is true. Russia just took key cities from the West. Biden is about to declare a state of emergency over this. The West is going to get stupid and escalate the war into something very dangerous. You better prepare ASAP.
Russian submarines have been seen along the east coast for over a week.
Look at one of my nclh charts. They are running in real time. In the last few days price has been going up on lower and lower volume. This scenario is called a bull trap. Ya gotta remember nclh is diluting and they can control brief periods in price action. This is probably the end of this price escalation for the while.
Lobster season is nearing its end. We are going out hunting and fishing for a few days. I still can surf the web but I'll try skipping it on fishing trips. Lots of bad financial stuff going on in Europe. Western media will not show it here. You are being played. Be safe.
Credit Suisse stock getting killed.
Unfortunately, I am educated and know the history and players of Ukraine and you obviously do not. In fact, you flaunt what you don't know. Comical. Thanks for the laugh.
At this moment, Russia has almost completely surrounded Bakmut and what is left of the woman army of Ukraine. Indonesian reporters are saying Ukraine troops are RUNNING away at 50mph and faster. Look it up and quit wishing. If I was Nazi I'd be hiding like a real Nazi always do. You have no idea at all what you are talking about. You trust the screwing the Western media is giving you. Enjoy.
A western lapdog. Impressive bullshit for idiots and sheep. Why are women and 14 year old boys now fighting for Ukraine? LOLOLOLOLOLOLOLOLOL Look for Greek and Indonesian news..... they are plotting the Ukraine retreat from Bakmut - thousnds of women and children in uniform running away. Ya best pray Russia finishes winning else BRICS has a chance of losing and that means YOU lose on everything. That is probably what you want anyway. Your argument supports WEF. Why was Zelensky asking for American troops on Western TV? You crack me up.
Thanks. A convincing display of how little you know.
Here's what I'm thinkin'.......... Russia is about to win. NATO and Biden won't be able to stand it and do something stupid to escalate into chemical or nuclear warfare. Here is the latest from Colnel MacGregor. 18 minutes
Okay. And now for the deep end.
I brought this up a few days ago. The problem is getting more difficult.
News after the bell is mostly insider distribution of nclh stock. About 70% was an escrow arrangement for anticipated taxes. current and future. End result: Another large inside sale.
A few days back I posted on Credit Suisse having serious trouble. That story has disappeared. I'm thinking the ECB bailed them out. Here is another failure in motion that may cause trouble around the world
I'm gonna read up on this
MacGregor lends a fresh summary of Ukraine the the increased likelihood of WWIII
Uh oh. Bond market gettin' screwy.