<<With a 30-Yr Auction at noon, it could get ugly. And if it gets ugly in the bond market, how many Bernanke Puts will be needed to defend the sell off on Wall Street. Tomorrow will be a very interesting day…tonight may be more interesting.>> So let's see what market does post 12 P.M EST.
I will not be sold on Market breaking in U.S. unless they LOSE at 1148--a strong support.
<<China is making statements like; the G-20 need to monitor the Fed. After selling a bunch of bogus bonds to the rest of the world> This is actually i feel the single most critical matter in the entire financial world today and tomorrow and on and on.
The day that China stands up to America still thinking THEY RULE the world markets and Fed battles and arrogantly scolds China and Europe and so on for NOT doing what the U.S. Monetary Policy DICTATES --and to be lockstep with us because WE ARE STILL THE BIG BOSS---the day China says ram it! will be the beginning of the end of The America Run Financial MAFIA.
!!!i am NOT! pro-China, as i Don't Give A Damn about any world powers governments, i think all is Empire Burlesque.
But REALITY is the U.S. did in fact become RULED by WS based Financial Mafia and they RAPED the U.S. public and raped the world ---it was a brutal, in terms of "Bad Karma", we lead the world--ha!--karma karma(VBG:)
China realizes that we are temperamental and have a Gargantuanly Obscene Defense Department that's budget equals that of the defense budget of the rest of the world.
i can NOT underestimate the impact of the moment where China and Asia stand up to the U.S., the U.S. that robbed the world and have demanded the world BEHAVE themselves and Save the Crooks.
Hell China would have executed the central causers of this by now--
i feel China is fully aware of huge meaning if they move to stop supporting U.S., and start to MONITOR them.
But as long as China thinks the U.S. can collapse the Global Economy, if GS and thugs decide to set their Super Machines, to
"FUCK THE WORLD", we remain a one the most momentous crossroads in world history.
Faber believes when U.S. power is challenged in the financial world the U.S. will get NASTY--and this where he goes from gloom to doom.
Faber says the U.S., if it goes into a a deep lasting recession will then resort to the GREAT DISTRACTOR of the public--that is go to WAR, and get U.S. waving their flag.
Truth is we have been waiting for years for China to challenge head on the Financial Mafia of U.S.(this call has beem made MANY times ovewr the past 5 years)-we have been waiting and waiting, as of yet China has held back.
This may be the the time of change, and after which the world will not be the same.
i repeat, i Max, consider the World Politic a sick joke, i honor no flag, i honor no country, except perhaps Finland--yeh Finland--want to make something of it? ( Giant Grin:) )Max
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Part 2:)
gain i repeat, what you expect WILL happen, it still remains the when----remember the day it is called correctly, for the 365 days previous it has been called wrong.
Nassim Taleb, writes and proves(to my satisfaction) Right Calls FOR DATING A CRASH are moments of Random Luck, because there is every day someone saying it is NOW.(He shows how those the got fame calling the 1987 crash, have overtinme been WRONG much more that RIGHT--it was just random luck.
he single best track record i have ever seen documented is Masc Faber--7 great calls in 35 years, but he never makes "We Crash tomorrow"
he went long Gold at about 320.
If i see see 1148 blown out on down rush, and i will turn to it may well have begun., the great decline.
The China argument has been predicted for like 5 years now---for 5 years China has been been, however, through cold blooded utterly amoral pragmatism been supporting the U.S.---they will make there move only when they have behing closed doors formed alliances that will support China challenging U.S.
This is the single most critical pivot point in world history now--one that Faber believes will lead to wars flare up world wide.
My summation,is "This Is No Game, What Is At Stake Is Massive" and CHINA knows this, and will proceed with coldblooded amoral pragmatism.
At G-20 they are TESTING the water, how many can they get on THHEIR side, China is playing a very coldblooded shrewd game because Chinas it self has ITS Major Problems---wealth distribition in China is also OBSCENE!.
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