To: TobagoJack who wrote (187592 ) 5/15/2022 12:22:15 PM From: sense Read Replies (1) | Respond to of 218776 I watched a live feed last night... featuring Elon Musk, Cathie Wood and Jack Dorsey.... It was a giant love fest touting bitcoin... Musk saying Tesla and Space X have not sold any, and will not... Separately, Musk vids out there... now predicting >$1 million by 2030... Of course, I might point out that by 2030 silver's massive short position might be forced to a resolution... with the 200X upside applied to the "real" ounce... versus the 200 paper ounces... That may or may not happen... whether this year... or in 2025... but, my "prediction" for 2030... doesn't mean very much that matters in relation to the trade this coming week? There's clearly an air of desperation in the effort that has the coordinated touting occurring now... which you might best consider as being an effort in generating "an alternative narrative"... providing "support" with the investment of reputation by Musk... which might lose some luster only being paired with Wood and Dorsey just now... and, that tout being delivered RIGHT NOW for some reason ? But, the whole point of that "alternative" bitcoin was... WAS supposed to be... intending it would be insulating its functions from the drivers of the dollar based system ? How's that going ? Reality is... "regulation" is coming that is entirely and only designed to protect the franchise of the dollar... period. That matters far more in crypto now than other issues in the market... but, the focus remains... elsewhere... while ignoring that ? "Crypto is dead" another meme out there now... that's appearing a bit more reality based... Mannarino continues to tout... ignore the stock market... its about the debt market. Only, with a subtext suggesting maybe a day or two higher... then lower... into the abyss... by Wednesday ? But, I'm not seeing bright spots there... because of Mannarino's overly narrow focus on the "relative value" of the dollar based debt market... and U.S. equity values ? Reality is... King Dollar is intact for now... even as the cleanest shirt gets dirtier slightly less fast... with a 50 basis point spread or better... than the other dirty shirts... Russia's vision... re gas and gold... could have worked to foster a viable challenge... only within the structure that had it compete on that basis inside the rules based order on which the global economy was (?) based. When crossing the lines in the rules... by crossing borders... the game changed... making it no longer about "competition inside the (former) rules based order"... but competition defined by power. And Russian power... in the aggregate of economics considered inside the rules... and power outside of them... is made into a joke... by Putin's missteps in changing the play from a game he could win... to one he can't... And, we're all made worse off... by Putin being an idiot... and not just allowing the devolution to accelerate... but forcing its sudden acceleration... The Fed has done enough, already, to ensure the dollar remains afloat on top (of the swirl in the toilet)... but... that also means... the rest are now wallowing into a wash cycle in that toilet... or, the other dirty shirts are now being washed in a mud pit... which "relative" value perception... does nothing at all to alter the fact that the ENTIRE global debt based monetary system is sinking into the quicksand that its market structure fosters... But "the dollar" is not what has been growing (until 2020ish) or holding up (???) the global economy all by itself ? In the small degree it has been held up... and has been holding up... as rates in all currencies went negative. it is the "aggregate" value and the relative change in "cleaning power" (correction) applied to "all" the dirty shirts... that defines "the economy"... while the rest is merely carving out relative values versus the whole ? The dynamic occurring (the swirl in the toilet) matters more to define "the direction" of the whole... than it does to "relative trend" in each of the parts ? The dollar "floating" above others... means sinking less fast... the last one still avoiding being sucked below the surface by the vortex... makes it "better" (as a "floater") than those others already sucked under...But... that matters HOW, in relation to "the economy" ? China just announced Evergrande II on Friday... so the value of China's obligations, at least, is evaporating at an accelerating pace... another wedge driven in acceleration of the "parts drifting apart"... The implosion of real estate in China... still "early days"... is at the cusp of "the next step"... What should we expect to see as the impact on the dollar... of China's refusal to honor its commitments... ? And, what DIFFERENT impact should you expect to see in "markets"... that are not only about the dollar ? But, you don't need to consider all that, or the cryptoverse issues to get "a feel" for the nature of the dynamic... Fed “Doesn’t Care” About Inflation, It’s a Mirage to Prop U.S. Dollar at All Costs Says E.B. Tucker VIDEO