Apparently this time the deal is sealed. $1 trillion of cuts to the people that need the money most, while Wall Street can continue to pimp DC into perpetuating the fiat ponzi. The first reaction was a sell off in gold and silver and a rise in the dollar. I think that tomorrow will see precious metals pull back a little further, and the dollar will consolidate. I think a brief rally for equities is in store, but only to the top of this recent range (Dow 12,800). Then it will be time for QE 3, and then into the final stage of this prolonged inflationary depression.
The first thing the Major Banking Houses will do now that they have their credit reestablished is short metals. It is a good shorting opportunity with them being at these prices during summer, and they want to bring the prices back down for political reasons. Because GDP was so horrible, Bernanke will issue QE 3. For anyone who thinks Bernanke needs equity prices to come down to issue QE 3, think again. He can use any talking point he wants, and the paltry GDP number is a good one.
Once Bernanke makes his announcement equity will fly through Dow 13k like a bat out of hell. He needs to keep prices on T-bills/notes/bonds high to fund his ponzi, and a rise in interest rates would also do his cartel in. He needs QE 3.
After precious metals test support tomorrow and the days following we will see exactly what is in store for August. This test is the important one. If PMs test and bounce, look for them to break out. If they fall through support, we are going to an old range. Silver's support is between $38.50 and $39. Gold's is $1585. Key trigger points there. Platinum broke out after the raise was announce which makes me think the breakout is at hand, but wait for support. Third times a charm.
Sunday, July 31, 2011
Friday, July 29, 2011
Soon, Debt Default
Dow pull back to 12k. Check. Oil pullback to $94. Check. Precious metal testing support? Almost. Maybe close enough, but I am still not sure if the breakout will happen right now.
Debt debate continues, politicians look like clowns, and Obama waits ready to pull the ultimmate fascist move: invoke a raise in the debt ceiling. Interestingly the Democrats are scared of what? Helping the poor? Since when hes this system helped the poor! Dems are scared of corporate equity tanking? Why? Because the economy revolves around the well being of corporations. Now we see where their alegience is: with the corporations, and against the American people.
Before I finish this post, I want to make a comment. Lindsey Williams said on the Alex Jones Show there would be a default. I don't always think he knows what he is talking about, but he usually knows what will happen with geo-politics.
From a post I made on another site:
And Mel Watt just screamed his head off about lord knows what. And now Fwank is on the mic, looking like he just swallowed his tongue. Name calling, name calling, name calling. And Shiela Jackson Lee urges the President to invoke a debt raise on his own, which is insane. She is insane. Repubs look just as stupid. They have not brought up one real issue on why the debt is a problem. The problem is this country has handed over all their wealth to an group of corporate banks. There is no accountability from either side. Both ignore the problem: Monetary and fiscal policy is a sham.
It is run by a private banking cartel known as the Federal Reserve System. The "Fed" and its cartel of globalist banking housees seem to be in the clear, while politicians nit pick about the crumbs that are left out of the people of the Unidted States of America's pocket.
One big circus, I tell you. One big circus.
Oh, and the US government will default. Yes they will. And then the BIS, IMF, and World Bank will swoop in and treat the situation like they do with failed 3rd world states. They will use as collateral the gold on the Fed's books, the debt/GDP of the US, and the other credits and obligations of the Treasurie and Reserve Bank. Good luck America, for we hardly knew thee.
Debt debate continues, politicians look like clowns, and Obama waits ready to pull the ultimmate fascist move: invoke a raise in the debt ceiling. Interestingly the Democrats are scared of what? Helping the poor? Since when hes this system helped the poor! Dems are scared of corporate equity tanking? Why? Because the economy revolves around the well being of corporations. Now we see where their alegience is: with the corporations, and against the American people.
Before I finish this post, I want to make a comment. Lindsey Williams said on the Alex Jones Show there would be a default. I don't always think he knows what he is talking about, but he usually knows what will happen with geo-politics.
From a post I made on another site:
And Mel Watt just screamed his head off about lord knows what. And now Fwank is on the mic, looking like he just swallowed his tongue. Name calling, name calling, name calling. And Shiela Jackson Lee urges the President to invoke a debt raise on his own, which is insane. She is insane. Repubs look just as stupid. They have not brought up one real issue on why the debt is a problem. The problem is this country has handed over all their wealth to an group of corporate banks. There is no accountability from either side. Both ignore the problem: Monetary and fiscal policy is a sham.
It is run by a private banking cartel known as the Federal Reserve System. The "Fed" and its cartel of globalist banking housees seem to be in the clear, while politicians nit pick about the crumbs that are left out of the people of the Unidted States of America's pocket.
One big circus, I tell you. One big circus.
Oh, and the US government will default. Yes they will. And then the BIS, IMF, and World Bank will swoop in and treat the situation like they do with failed 3rd world states. They will use as collateral the gold on the Fed's books, the debt/GDP of the US, and the other credits and obligations of the Treasurie and Reserve Bank. Good luck America, for we hardly knew thee.
Thursday, July 28, 2011
Soon, the Future
Soon, all debt will be collateralized by the Bank of International Settlements. Soon they will back a one world currencie put forth by the World Bank and IMF. Soon all debt will be collateralized. This is how it will break down.
Gold will be collateralized. All government debt as bonds held will be rated and collateralized. All fiat currencie deposits by Central Banks will be rated and collateralized.
GDP/debt will be put into play upon its "fair" analyzing.
It is simple really, the world will be audited, and judged accordingly, and then each country will be given specific rates on their loans. It will be similar to how the IMF rolls in on a 3rd world nation and asks them to repay their loans with collateral of such and such. This time it will be the world at once. This has been the plan all along. A one world take over.
Gold will be collateralized. All government debt as bonds held will be rated and collateralized. All fiat currencie deposits by Central Banks will be rated and collateralized.
GDP/debt will be put into play upon its "fair" analyzing.
It is simple really, the world will be audited, and judged accordingly, and then each country will be given specific rates on their loans. It will be similar to how the IMF rolls in on a 3rd world nation and asks them to repay their loans with collateral of such and such. This time it will be the world at once. This has been the plan all along. A one world take over.
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