2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (198544)	5/2/2023 1:24:09 PM
From: sense	Read Replies (2) of 217629

The markets have been in a sort of suspended animation for a while... in spite of there being no obvious reason that they should be... I've noted in my posting... since mid April at least... that the "new peak" in stocks and the bank stocks in particular not imploding was artificial... and gave me no reason to want to be a frog in the Fed's pot... and continue to hold risk without having a viable market function occurring to justify it... So, haven't changed much in my outlook re trends or the directionality in trades... have only noted... "wait for it" is a better choice than holding risk without linkage to reward... Gold and silver plateaued... along with everything else all trading in synch, for no obvious reason... and that gave us "the usual" in market hacks saying "its all up from here" in stocks... even with almost no one buying that... the media still dutifully reporting it as top of page leading opinion. Meanwhile, as banks continued imploding... or really just continued holding their breathe waiting their turn in the spotlight... the market focus had them each parsed as "one offs"... it was SVB first... and this week it was First Republic... but, don't worry... it was just "bad management" in a single instance. Of course... that's both untrue... And, that's true... it was and is just bad management... emanating from the White House and the Fed that is impacting all banks that have not been granted the "systemically important" label and its attendant waiver from accounting reality... insulating them from Fed error in policy whipsaws as the Fed struggles with correcting monetary policy errors to recover from a string of miscues and mistakes... a pairing of First... being wrong about the origins and persistence of inflation... leading to being overly slow in raising rates... naturally followed by inflation accelerating and leading them into raisting rates at the fastest pace, ever, in history... all of which I predicted before it occurred... making the point that the policy faux pas weren't driven by "the unforeseeable"... rather than the deliberate blindness of the Fed... That... paired... Second... occurring now... with a willful blindness to the reality that no bank "other than" those deemed "systemically important" is likely able to survive the stupidity of being forced into holding zero interest "assets" while rates soar... and deposits flee. They pretend, now, as they dither... that they don't understand why banks are failing... just as they feigned ignorance earlier about inflation being "transitory"... Reality is.. .they intend the banks to fail... have driven them to the cliffs edge on purpose... so that the large banks can acquire all the small "for free"... That's emerging now into daylight as the primary basis of the Great Reset plan... as, first, rob all the banks... by holding them up with an interest rate gun held to their heads... while the gang who hatched that plan loot and pillage them... and "they" say... the result intends to implement such a catastrophe in banking... and in the economy... that the only possible solution to the crisis... will be the "emergency" (as used in 2008 to impose QE as a fictional solution) implementation of CBDC... which will magically make everything better... Except... it won't... It will instead massively amplify the errors already made... Scuttlebutt has been... its two months out... as the robbery will be timed to coincide with the "failure" of negotiations over the debt ceiling... thus creating political scapegoats who will be blamed for the collapse of the system that has been in freefall for... years... held together only by smoke and mirrors... Awareness that the system HAS failed... and knowing recognition of that failure can no longer be avoided... still requires that the failure mode be "managed" to deliver the outcome they want... in which everyone gets robbed... except them... But... the point of failure... and correction... is that those fostering the failures are who should pay the cost of their mistakes... and be made to fail... Yesterday... Janet Yellen moved up the timeline... announcing that, with April 15th tax receipts now in hand it is apparent... that the debt ceiling will be breached not later than mid June... and perhaps as early as June 1st... So.. today... they've quit pretending that the failures in banks are a one off... AGQ is up only 4% FAZ... which has drifted awkwardly with the "one off" myth allowed managers to avoid the ones failing... has suddenly come back to life... up 8% on the day, so far...

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