A subscriber observes: YouTubers overwhelmingly bearish, pro-gold, and expecting recession

It’s hard to remain bullish when so many around us are bearish

Chris
I spend a lot of time scanning You Tube. I consider it fascinating for its variety of very often useless information. It’s 99% pro-recession and 99.5% pro-gold. I have never been more bearish on gold. I am really getting close to unloading mine.

I’m almost wondering if You Tube would reject a video negative on the crash idea and gold. All the money in both is being made promoting it not buying and selling.

Regards,
Dave

YouTubers, alt-financial media, and mainstream business are all bearish

Anecdotally speaking, I have to agree with Dave’s assessment. I observe that not only are the people who post YouTube videos very bearish, but so are the alt-financial and mainstream media.

It’s naturally safe to assume that the alt-financial media will always be bearish, but I have to conclude that since mainstream business is politically partisan and an arm of the elites, there is an agenda here. For instance, I take much of what Bloomberg says with a grain of salt, since it is anti-Trump. It often paints a more dour economic and geopolitical picture than say, CNBC or MarketWatch. Furthermore, the owners of the central banks need economic malaise and low price growth, so they can continue buying up the world, while keeping their scheme going until they are ready for the next phase. An ostensibly skeptical mainstream business media helps to promote this needed environment.

Debt slaves cannot bid up prices when they spend their money servicing debt

It is so easy to read all the bearishness and assume that things are coming unglued, but this has been a common refrain for years. Eventually, this worm will turn, but how long will that take? The elites benefit from the current conditions; low economic growth and low inflation. The student debt situation was planned purposely to keep the younger folk from bidding up prices further. Debt slaves have a hard time bidding up prices when they devote such a large amount of income to debt service.

I am not bearish on gold

I do have one suggestion with gold. I would hold on to my positions here. I have a long-term holding of upwards to 10% of my portfolio, and I don’t think too much about it. In some respects, I see it as a counter-balance to the asset inflation, so I wouldn’t be so quick to sell. However, it is always good to take some profit off the table, and if you have some gains, peel off 10% or so of your trade.

I am encouraged that the old 1,525 level from early this decade does not seem to be a huge deal. It is providing some short-term resistance here, but it is holding at this lower level and I find that encouraging. While the COT report has unwound somewhat over the past several weeks, it is still elevated. GLD still has an elevated gold holding, but needs to get closer to 1,000 tons from its current 915 tons.

I do sweat often with my predictions, because it’s so easy to get confirmation of the contra in all the media. I have a lot of foreign readers and if you are concerned about a dropping dollar, I would take some exposure off the table. It seems TPTB have turned to the Fed for further stimulus and to try to keep the dollar from breaking out above its longer-term range. A drop to 95 on the USDX would not be out of the question, but please consider that scenario if you cannot afford the risk. But, I am sticking to the plan.

In a centrally-managed financial system, anyone forecasting with cycles will be wrong

Most “experts” have been wrong, because if they admitted what we have been saying all along, there would be no need for their “services.”

Note: I don’t see any upcoming recession. This morning, the Commerce Department said that U.S. GDP grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter, but higher than the 1.7% estimate.

The GDP price index fell to 1.7%, lower than the last reading of 2.4% and less than the 1.8% estimate.

The muted price reading provides an auspicious backdrop for the Fed to continue monetizing debt and cutting short-term rates.

GDP Released On 10/30/2019 8:30:00 AM For Q3(a):2019

Morning Chris:

I think you will enjoy this video and, unlike the very smart and insightful host, not be “worried” about what he sees down the road:

Is A U.S. Recession Coming? with Raoul Pal | Recession Watch

Here was my response:

Hi William,
After I plowed through a couple of the commercials for this highly monetized channel, from which I am sure he is making some decent money, I was immediately confronted with the recession scare and the cycles.

I don’t know of what cycles these people see, because there aren’t any right now. This is a highly managed monetary and financial system. In fact, the poorer the economic performance, the more excuse the central banks have to monetize all of the sovereign debt.

The Big Bang of cycles took place in 2008. That was the first time in human history with a fiat monetary system that sovereign credit demand [debt issuance] outstripped the world’s net savings rate and organic credit growth [availability]. Since then, the central banks have been monetizing everything that is needed to keep the governments in business.

I don’t get caught up with economic recession and such, and if there were one, I would see it as an opportunity for the asset markets to move further higher, in direct contradiction to what the scaremongers of economic recession and cycle analysis proclaim. This is a synthetic economy and it could be the one before the supposed end times, if you are of that mindset.

Economic cycles [based on traditional economic research] are things of the past. Ever since the economic crisis of last decade we are in a new paradigm. Anyone who refuses to understand this global conspiracy needs to be rejected, because they do not see [or refuse to, since they have expensive services] what we talk about on a daily basis.

People of his ilk have been talking about a cycle top since mid-decade [and before]. I remember this gentleman’s videos from back then and he’s been wrong for years. Anyone who doesn’t understand this conspiracy needs to be rejected. Period, paragraph.

Thanks for the highly monetized video. I feel bad for the people who latch onto this stuff.

Regards,
Chris

I get many emails about Martin Armstrong and here is my finding with his cycles analysis. He maintains that late 2015 was the start of his big bang. But according to his analysis, he previously said that the cycles will unfold regardless of how people try to repeal the trend. Now, his blog posts say that the sovereign debt markets are holding up, because the politicians are pressing the central banks to monetize debt. Based on Mr. Armstrong’s prior work, I thought that none of that could reverse the cycle. I digress….

Since 2008-09, a whole new set of economic laws have been invented and the global economy is much more centrally managed. This new system has legs, because the people prefer it to the old system. It is impossible to forecast anything based on cycles, because the economy that we once knew has been replaced with an artificial one. The central banks fund any necessary spending needs and manage the entire yield curve.

Anyone who is forecasting while refusing to acknowledge the elephant in the room is misleading you and not worthy of his hire. I am here to tell my readers what is going on and I don’t charge a dime, nor do you have to plow through monetized videos with willfully ignorant personalities who discount any talk of the global conspiracy for a one-world financial dictatorship.

 

If we think housing and living are expensive now, just wait a few more years

This dialectic process may take years, but it will end with a one-world financial dictatorship and global communism

Hi Chris,

I’ve been to Sydney, Australia about 30 years ago. The north shore communities from Manly Beach to Palm Beach are stunning.

The housing market [in Toronto] is picking up here. You can get a 25-year, 3-year fixed rate of 2% mortgage. Rents downtown have almost doubled in the past 15 years. The divide between the haves and have-nots keeps on rising.

https://www.narcity.com/news/ca/on/toronto/torontos-unaffordable-rent-makes-it-the-working-age-poverty-capital-of-canada

V – Toronto

All I can say is that there is much more pain to come for those who do not properly plan for this sobering reality. For those who are scared of the “crash & burn” narrative promoted in the alt-financial media, I am warning you that this slow grind into the abyss can last for years and we have more pressing personal concerns that we can control.

The sheep will never willingly accept global socialism or communism on their own terms, but if the elites inject the pain (a byproduct of keeping the governments in business), while concurrently conditioning the youth in the public indoctrination centers and providing them tons of mindless diversions, the reprobate population will eventually embrace all ten planks of the Communist Manifesto.

A new survey released by the Washington, D.C., nonprofit Victims of Communism Memorial Foundation reflects that, if the younger generation gets out and votes in 2020, those running for office on the far left have reason to be hopeful.

According to YouGov, which conducted the poll, capitalism, amid a widening divide between the haves and have-nots, has plunged in popularity from a year ago, with one out of every two millennials — ages 23 to 38 — supporting it.

Meanwhile, 36% of millennials polled say that they approve of communism, which is up significantly from 28% in 2018.

More than a third of millennials polled approve of communism, MarketWatch.com, October 28th

The goal of the new world order elites is to create a one-world communist government, though their media will call it socialism. If the population wants socialism then they will need a monetary system that will suit their desires. This system is already in use today, and as the consolidation of wealth and power accelerates, the system’s central management will grow to accommodate the impulses of the sleeping masses. Moreover, by the time it gets fully implemented, it will contain all the most excellent features of blockchain to make sure there is no cheating.

The sheep will not willingly accept this if given a free choice. So, the rulers of this global Talmudic toilet will present their Marxist ideology as a response to their dialectic form of Talmudic capitalism, and the younger folk will eat it up. Think I’m kidding? Over the next 10-15 years, the current crop of young folk will be as virulent and politically correct as Strelnikov in Dr. Zhivago.

“The historical amnesia about the dangers of communism and socialism is on full display in this year’s report,” Smith said in a statement on Monday. “When we don’t educate our youngest generations about the historical truth of 100 million victims murdered at the hands of communist regimes over the past century, we shouldn’t be surprised at their willingness to embrace Marxist ideas.”

Other nuggets from the report include that 22% of millennials believe “society would be better if all private property was abolished,” and that 45% of Generation Z members and millennials believe that “all higher education should be free.”

More than a third of millennials polled approve of communism, MarketWatch.com, October 28th

So, where do we go from here?

All I can tell you is that those who are waiting for a crash and burn scenario will be sorely disappointed as this financial divide will continue to grow. As long as the central banks work to keep the nation-state governments in business, this is the natural outcome. Why have a crash and burn? That would be too obvious. The best way to get the one-world communist government is to introduce it gradually to the Godless masses.

My advice to my readers is to go out and build a life and shut out this crash and burn garbage. Crashes always happen and when the next one occurs, be ready to capitalize. Don’t sit on the sidelines like the others. Plan for the future and accept where the world is going, because we have no control over its direction.

 

A subscriber asks; Would a weak dollar help the U.S. stock market?

Please note: I am trying to catch up on some email backlog. I received this email from a foreign subscriber on October 19th, and it was written before the stock averages climbed higher and the USDX stabilized. Managing currency risk is important to him.

Hi Chris,
I like to give you my market observations – please be aware that I am not a professional in this field like you, but nevertheless.

As you observed, the FED is printing money. Not surprisingly, the $DXY US Dollar index declined. Whether there is causation here or not I do not know.

As the value of the USD declines, US stocks denominated in USD should rise to maintain value for that reason alone. But in general (S&p500, Russell 2000, especially DJI), they did not do that. I tend to believe your prognosis that stocks should rise with money printing. But at the moment, they don’t. They declined a bit.

Now as the stocks on average do not rise (actually quite a few declined), some stocks need to rise to make up the difference. I need to learn which stocks these rising stocks are because I am desperate to get some speculative gain (because I lost a lot of money following Armstrong in the past).

I discovered something that I cannot explain that you might find useful:

Following Oil shipping company stocks rose sharply from 2019-10-04 to 2019-10-17:

TNK, CMRE, EURN, NMM, TNP, DSSI, INSW, FRO, STNG, DHT, LPG

These come out of a scan that I designed, together with a few others that gained from the BREXIT hope and some other random retail stocks. The oil shippers were by far the most stocks that were included in the results. It might be that this was some kind of short cover rally but still, some gains are quite spectacular.

Generally, I thought it might be good to invest in companies that can benefit from the lower USD such as those that export their products. Otherwise I think I am in a fairly difficult situation because if stocks do not appreciate even with a declining USD, then there is no gain, and in fact there is a loss because I am not living in the US.

B

Here is my response:

Thanks for the email. I am sorry for the late response.

I am also sorry to hear you were listening to Armstrong. He has a set of objectives and they are not aligned with your well-being. His primary goal is to create a need and to make you feel dazed and confused, so you buy his expensive services and reports, and attend his conferences. Given that his “Big Bang” was a big bust, he now spends most of his time covering his tracks and diverting his readers. His stuff is now like a hall of mirrors.

A weaker dollar does not encourage higher stock prices

Here is my macro-thesis about USD-based assets, especially stocks. But this could also apply to domestic real estate, private businesses, and U.S. Treasuries. US stocks should hold up as long as the dollar remains firm and the Fed adds to its massive stimulus. The only USD-based stock market is in the US (of course), but with the dollar as the reserve currency and with this global monetary regime holding up, these massive pools of worldwide dollars need to seek USD-denominated assets. Thus, domestic stocks and dollarized debt are the natural choices. That’s by default.

Notice how the US stock market fell last decade when the USD tanked to the low 70s on the USDX. Notice during last decade’s crisis how all the major markets performed when the USD tanked and even the mainstream doubted the system’s integrity. Why would a foreigner hold domestic stocks when the USD is weak? They wouldn’t. Why would a US citizen be over-weighted in domestic stocks if the dollar is fading? They would be looking to diversify into international holdings. Thus, the longer the USD holds up, the better the stock market does here.

On an a priori basis, one may think that the firm USD has not really benefited the U.S. Treasury market, since yields are relatively higher on U.S. government debt, but I beg to differ. I say the strong USD has helped the U.S. Treasury market tremendously, especially when we consider the sheer size of all the U.S. sovereign debt outstanding. If the USD were weak here, I suspect that the treasury market would be having problems. While we continually hear how Russia has been moving away from dollarized assets and debt, we need to keep in mind that it has lost many billions in the process trying to prove a point.

It may be logical to assume that if the USD goes down for the dirt nap we could see something akin to how the Venezuelan stock market performed in nominal terms, but a dollar collapse would infer some sort of crisis situation in the global monetary system. I don’t see that happening yet. The USD’s role in international finance precludes this potential of an upward stock market spiral from a weak dollar.

The dollar is holding up despite the Fed’s attempts to weaken it

Another observation here; notice how the USDX has held up, despite the massive FED monetary stimulus. I am encouraged how the USD has held here, which says something; the other major central banks will have to follow and ramp up their monetary stimulus. I think the market is anticipating this. I also think that if the yields on the 10’s and 30’s move higher, we will see the Fed begin to buy longer-dated securities.

Political change agents make sure power flows only one way

My observation is that the globalists continually push for more centralized control, and once they achieve their objectives, they never relinquish it. It’s all about consolidating the wealth and power of the new world order. Thus, the EU and euro will never break up; no one will ever be allowed to leave. The elites make sure their change agents are elected to high offices in those countries and that diffuses any nationalist tensions. Italy and Greece come to mind.

Shortly after the BREXIT vote in June 2016, I theorized the elites would manipulate the outcome by placing their change agents into positions of power, which would delay or overturn any hope of a successful BREXIT. It’s been almost 3.5 years since that vote and we are still at square one. It seems that the British government continues to fumble and stumble, which is actually the intended result.

I would not be investing based on a weak dollar

Be careful if you intend to invest based on a weak USD.

If we consider the shipping tanker firms; Geopolitical risk in the energy industry is pushing dayrates higher across the industry. Not only is the attack on Saudi Arabia’s oil supply leading to fears that more oil will need to be shipped around the world over the next few months, but the Trump administration is also putting sanctions on foreign suppliers to the industry. China’s Cosco, one of the world’s largest vessel owners, was hit with sanctions recently, and if companies with U.S. ties can’t use Cosco, it will put quick pressure on rates in the spot market.

https://www.reuters.com/article/us-iran-nuclear-usa-cosco/tankers-sail-after-u-s-allows-sanctions-hit-cosco-unit-to-wind-down-oil-deals-idUSKBN1X421D

I know this may leave you at square one, but I would rather invest based on observations and reality. If we invest based on trying to double down, we usually end up with losses by taking undue risks. I know that asset values look rich here, and they are. But if we know the agenda, we can invest with more confidence. The primary objective: the central banks need to do whatever it takes to keep the nation-state governments in business. We need to plan accordingly.

Chris

October 24th Market Update – The current Fed policies explained and what they mean to us

To download the podcast – Right mouse click here

The Fed keeps increasing their overnight and term lending, as well as providing a monthly POMO of $60 billion.
-These stop-gap measures will not solve the real problems; the U.S. government is consuming more than 100% of the world’s available credit. Thus, longer-dated bond purchases in permanent operations (QE) need to take place forever (and very soon).
-The fact that the USD is holding up as well as it is tells me that there is still confidence in this system. The other central banks will have to ramp up their stimulus as well.
-Income-generating assets will be supported here. The only two concepts that will destroy this current scheme are a loss of confidence of the stimulus programs and higher inflation growth.
-If there is higher inflation or a loss of confidence, assets such as stocks, bonds, and real estate would suffer, while commodities would benefit. Essentially, it would result in a reversing of the market performances over the past decade.
-The global investing pool gets excited at the prospects of more QE. I know I do, as it helps support the prices of my assets. The QE programs have gone on for about 11 years now, so betting that confidence will crumble soon is hoping for an outlier event.
-Higher inflation will be the result of a loss of confidence, so they are both related to one another.

Burke Station Park is beautiful this time of year. I may have a simple house, but my side and back yards look like this. Lots of wildlife.

A subscriber emails me about the Talmudic toilet of the new world order

Just saw your photo on your home page. Proof positive a person can know what’s really going on, yet be happy. Awesome photo and glad you posted it.

Having beautiful Fall foliage here in Vermont. Hope things are well in your neck of the woods.

T – Vermont

Here was my response:

Thanks for the email. Personally, my life is going pretty well. Obviously, the world is a Talmudic toilet, but I cannot change that, and must try to affect change from with whom I interact. That’s why I have my blog.

There is a YouTube livecam of the Mad River Valley covered bridge that I turn on to look at the leaves. A lovely time now.

I hope all is well with you up in VT.

To which T responded:

A Talmudic toilet is absolutely correct, which we know Donald James Trump is a part of and most around him are, too. I just had someone that I’ve known for years in the Christian patriot movement say that DT is God’s anointed….

To which I respond:

If this is what the Talmud promotes, and we know the agenda, why do we still fall victim?

The patriot movement as we knew it no longer exists. The globalists destroyed it with military precision, and used their change agents to put it through the metaphorical wood chipper. The patriot’s anointing of DT was just the epitaph on the patriot movement’s tombstone. Somehow, the movement that used to stand for God and self-sovereignty is now conflated with racism, conspiracy theories, Nazism, Alex Jones, Sandy Hook, and partisan politics.

I observe that Trump is keeping true to his real colors and spending the U.S. government further into bankruptcy.

Why do I live a life free of consternation and worry? I am older and possess a thorough understanding of the agenda for the new world order. Thus, I can scrape out a financial existence that doesn’t undermine my morals and Christian worldview. The County executives in the areas where I live and invest know my opinions and mindset. I don’t care what they think anymore. I tell them they govern with a capricious and antichrist spirit, because they accept federal money and have no competition. I have no concern what my neighbors think anymore. I have about 20 years left in this dimension and am just riding it out.

Mr. Bezos is having a good time exploiting others. He knows the internet is a confirmation bias machine.

The long-range goal of the NWO elites is to completely destroy our confidence in the nation-state as we know it. Only then can the final version of the one world government appear. I say they are doing an effective job and have to tip my hat to them. They worship Satan and he is in control for now.

I think of how the minds of the younger folk have been shaped and kiln-dried in the public indoctrination centers to accept global government and a global blockchain financial system. Most of them are hopelessly hooked on social media, despise our country and its sovereignty, and use the internet as a confirmation bias machine.

Trump: Sponsor of the biggest kayfabe match in history while spending us into insolvency

Most I come across outside of this blog have been spiritually neutered. Though they may be running around quoting this and that, they lack the necessary introspection and discernment. The pastors on YouTube who worship and pray for DT’s success are legion. He is a charlatan fighting a kayfabe wrestling match with his ostensible adversaries, while the nation-states rot from within. I observe that Trump is keeping true to his real colors and spending the U.S. government further into bankruptcy.

Get your heart right with God and learn how to be financially self-sovereign. Stop listening to the alt-financial gurus who keep us trapped in our preexisting biases. The patriots who support Trump can never admit they were duped and continue to throw good money at bad. The best way to avoid these dilemmas in the first place is to remain detached and objective. We need to be humble enough to admit we are wrong when presented with contrary information, but the former patriots are just as lost as their liberal enemies.

Change comes from within.

October 16th Update – Good opportunities still exist in real estate; My analysis and outlook

To download the podcast – Right mouse click here

-I have a bunch of listeners who are always asking about real estate. I try to answer the many questions I receive and analyze the demographics and market dynamics.
-I analyze the investment numbers to show you what to look for when you invest.
-If you are peculiar like I am (I guess you are, since you are following my stuff) then you are not going to want to work for a corporation or the government, nor run a traditional business, because you will have to be beholden to a lot of easily offended stakeholders and customers. I grew up poor and this is why I live an austere lifestyle. The benefits of being self-sovereign are incalculable and worth living the simple life.
-Real estate is all about money and time. The younger you are, the less money you need. However, if you are my age, you can always develop a cash flow into retirement age, and you will be much better off for it.

A couple articles of interest;
The Biggest Housing Boom In History Has Just Begun
Lower mortgage rates are causing an epic housing shortage

Investing based on our beliefs instead of reality; A lethal philosophy

Belief vs. Reality

I agree with you and I’ve done great financially. I am a physician, but I am also an odd duck. I am old fashioned and I am similar [in] age to you. I am an avid reader and I’ve come to realize that everything is rigged and controlled by the central bankers.

M

The elites and their generations established an inscrutable and confusing system to ensnare the sleeping masses

If we can comprehend that the elites are in control of their own financial system, then everything else will fall into place and our proper course of action becomes clear.

Here is what happens when we invest based on belief…
Investing based on belief is easier, but lethal. Investing based on reality is difficult, but more rewarding

The prophets on the former Patriot radio have been crying imminent economic collapse since the late 1980’s, when Bill Cooper was shilling gold and silver to his listeners and warning of impending economic collapse.

Granted, Mr. Cooper was correct on many fronts as the new world order has steamrolled its way into every person’s life; just look at all the degeneracy, busted families, and broken dreams around us. But if we took the patriot radio’s financial advice, we would have been decimated.

The belief, of course, was that the whole financial system was going to fall apart, because the psychopathic elites were losing control. This patriot radio and alt-media philosophy now stretches as far back as 30 years ago and longer, and anyone who seriously subscribed to this mindset for the past 20-30 years has been effectively marginalized (that is if they are still on this planet).

As you can see from my previous writings, I have also concluded that the internet has only helped the elites to speed up the fracture, humiliation, and financial decimation of the former patriot movement. I cannot believe how effectively the propaganda outlets like ZeroHedge have destroyed the patriots. As we can see, those who invest and plan for the future based on fear and belief will always end up poorer.

…Here’s what happens when we invest based on reality
Why does every crisis aid the new world order? It’s like flipping a coin 50 times and having it come up heads each time. Perhaps it’s more than chance.

When we first wake up to the agenda of the new world order, we usually think that the whole economic system is about to come unglued. I held that belief for several years after my wake up call and my investment choices largely reflected this belief, and I had a formal financial background. I woke up to the new world order in 2002, after digesting my personal experiences with the 9/11 attacks. Some people usually find out about the new world order after having to go through an acrimonious divorce or contentious lawsuit. Others stumble upon it after an alcoholic tragedy or profound personal loss. The causes vary, but the results are the same; we are confronted with a conspiracy too monstrous to contemplate.

Regardless of our circumstances, we need to settle down and mature in our life struggle as we attempt to move forward in a wicked world. We also have to reconcile with the fact that this system remains intact, despite all the ongoing crises. It’s been more than a decade since the world ostensibly fell apart, yet the global elites have gained so much more power in its wake, while the sheep have even less control.

Still not convinced? This agenda moves forward year in and year out, yet every crisis and event always ends up in the favor of the NWO elites. It is like flipping a coin 50 times and having it come up heads on each occasion. If you refuse to believe me then you refuse to observe reality.

Most followers of the alt-media and former patriot movement may claim to know the agenda of the new world order, yet most will never accept that this current system is an effective system for the elites to achieve their goals. Most who are aware of the new world order keep thinking TPTB are done. My observations speak otherwise.

We may think that things are spinning out of control and that societal collapse is in the cards. But for most people, this is the government and society they desire. This is what they choose. You and I are a small minority and we need to get used to this strange world. Our elected politicians may be corrupt, but they are voted in by a corrupt populace. They are a direct reflection of its people.

Obfuscation and partisan rancor are intentionally injected to confuse 95% of the population. If we can accept that this is part of the NWO plan, the world will make much more sense, and our long-term investment and personal choices will reflect this reality. Thus, we can move forward and plan accordingly. I am always prepared for opportunities and if things fall apart, I stand ready to benefit. I suggest you do the same.

October 13th Update – The Fed ramps up QE more quickly than expected; Prepare for the inevitable as stocks are already near all-time highs

To download the podcast – Right mouse click here

-The Fed “surprises” by announcing $60 billion/mo. in new Treasury purchases, while rolling over maturing portfolio. This was higher than my $50 billion/mo. prediction by the end of the year.
-The latest domestic inflation numbers and fading PMI data give the Fed cover to run massive QE operations. This past week, the PPI and CPI were weaker and the PMI data looks poor around the globe.
-By concentrating the buying on short-term durations, the Fed is addressing the Repo problems, while buying up new Treasuries to keep the United States, Inc. in business.
-The fact that the Fed reacted so quickly to the short-term funding problems shows that it will do whatever it needs to keep things moving forward.
-Longer-dated Treasuries sold off as it was expected later in the year that the Fed would begin to buy bonds. As of now, they have not announced any large scale long-dated purchases. This is temporary and the drops in yields will commence again.
-Commodities futures could get a further lift as China lifts tariffs on Soybeans and Hogs.
-The other central banks will ramp up large QE programs as their inflation numbers look even lower than here in the U.S. Massive asset inflation will result
-In an over-indebted world, tariffs can actually be deflationary, because the tariffs work to undermine economic growth, and as the economy rolls over, demand fades and manufacturing data drops. Think of the global ISM and PMI data. With everyone in massive debt, trade problems can be deflationary.
-Be prepared for higher asset prices. The S&P 500 is only a couple percent below all-time highs. Global real estate and dollar-based assets are going to rise.
-Higher asset prices are not the primary objective of the Fed, but rather, a result of keeping the U.S. government in business.

The internet can be a powerful tool, but its potential is limited by our biases

I know you say that the internet has not been a benefit to most people, but I don’t really agree. For me, it has helped me to uncover a lot of information that I never would have come across. I have also learned a lot about religion and the Bible; there’s a lot of great pastors on YouTube. I use the internet to help me with pay bills and learn about investments.

Anyway, I am curious to know what you think.

Dave, NV

The topic of the internet comes up often for discussion. Let’s look at some data to see if the internet is helping out most people.

Income inequality and net worth disparities widen since 1995

Mainstream adoption of the internet began around 1995, and since then, just about all measures of income and wealth by percentile have showed growing disparities.

Having easy access to information and possessing wisdom are two entirely different concepts, but most confuse them for being interchangeable.

Income inequality in the U.S. is at its highest level in more than 50 years,  even as the economy extends the longest expansion in the country’s history. New data from the U.S. Census Bureau show that the gulf between the highest earners and everyone else is the widest it’s been in at least 50 years.

Since 1995, and before, the income disparity in the United States has widened markedly. The internet may help a minority of the population, but the majority are not becoming empowered
Wealth disparities widen since 1995
Though 1989 predates the advent of the mainstream internet, this chart illustrates the same trend; the great unwashed masses (and alt-financial followers) continue to get poorer over time

Having easy access to information and possessing wisdom are two entirely different concepts, but most confuse them for being interchangeable.

Most people have fallen victim to the power of the internet

Those who know how to exploit others have found the internet a wonderful tool to enrich themselves at the expense of the others

“I think the Internet in its current incarnation is a confirmation bias machine… I worry that some of these technologies will be very useful to autocratic regimes to enforce their will.”

Jeff Bezos, October 2018

This man is laughing, because he cannot believe how easy it is to make money off the masses

The globalists exploit our confirmation biases to fracture society over relatively trivial issues. The shards of this fracture are effectively neutered in a sea of political correctness and made ineffectual. The new world order agenda is then allowed to steamroll through relatively unopposed.

With the internet, we freely give over to the globalists all of our personal information, our hopes, dreams, proclivities, foibles, and beliefs. They know us better than we know ourselves. They use the internet to develop trading and investing algorithms that exploit our weaknesses.

They then attach us to the shackles of debt and we allow them to take our birthright. For those drowning in a sea of personal red ink, they need to look in the mirror before blaming the government and Illuminati. Why do you think there is so much advertising on the web? Because it works and in ways that the sheeple can’t even comprehend. The “confirmation bias machine” of Jeff Bezos has rendered the average person completely unable to make sound long-term financial and personal decisions. Mr. Bezos didn’t become the wealthiest man (at least publicly) by being a nice guy. He exploits our weaknesses to get us to spend until we are beyond broke.

You may say that you use the internet to study economics and the new world order and that without it, you would have less understanding. That may be correct, but for every person like you, there are five others who are using it to learn how to cook methamphetamine.

You may think that the internet is the great information superhighway and that it has helped you to make money by spotting excellent investment opportunities over the decades. But for every person like you, there are 10 others who use it primarily to surf pornography.

How are you going to use the internet? Don’t use it like the rest of the consumer debt slaves. Use it to make truly wise financial and personal choices. We all have biases, but recognizing them is the most important step to overcoming. The decision is ours, but the internet gives us plenty of rope. Will you use it to climb or hang? Most choose the latter.