They’re send a Batallion 800 men against 10,000 immigrants and growing!
They need a Division 10,000 to 15,000 men.
That war is lost from the get go.
CIGA Wolfgang Rech
US Deploys 800 Troops To Southern Border As ‘Migrant Caravan’ Approaches: CNN
October 25, 2018
As Mexican authorities do little to stop the ‘migrant caravan’ from cross southern Mexico, Defense Secretary James Mattis is reportedly preparing to order an additional 800 troops to the southern border as soon as Thursday, CNN reported.
The order comes after President Trump threatened earlier this month to send troops to the border to stop the migrant caravan, which has swelled to more than 10,000, according to some reports.
Final details are reportedly being worked out, including where the troops will come from and where they will be stationed. For example, it’s unclear how many – if any – of the troops will be National Guard. According to CNN, they will mostly provide support services like building tents and running supplies for border patrol agents, who are still tasked with subduing illegal immigrants.
Courtesy of JB.
No mention of gold, but we all know damn well that when the Dollar does crash, there will be an automatic skyrocketing of gold prices
According to Schiff, the US national currency is set to meet with the worst losses along with the American standard of living.
“So, what you’ve got to do is get out of U.S. dollar assets. The dollar is going to be the biggest casualty along with the American standard of living,” he said,
Then there’s a matter of the deficit weighing heavily on the future of the Dollar:
“If the government is collecting less revenue, then the deficits are getting bigger and so the government has to borrow even more money, and that becomes an even bigger problem,” he said.
And we Emerging Markets blaming us for their travails, but a reversal appears to be in sight:
“…adding that foreign stock markets, especially emerging markets, currently depressed by the strong dollar would see a strong rise. “They are going to see a boom when the dollar weakens,” Schiff said.
It just seems like the whole world is waiting for the Dollar to get its upcommance.
CIGA Wolfgang Rech
Peter Schiff: The Dollar And Americans’ Standard Of Living Will Be “Biggest Casualties”
October 25, 2018
After the dramatic early drop, U.S. stocks recovered but still finished lower after a wild day on Wall Street. By the closing bell, the Dow was down 126 points, or 0.5 percent, recovering most of its early losses. The Nasdaq closed down 0.4 percent, while the S&P 500 shed 15 points, finishing 0.6 percent lower. Schiff urged people to be prepared for not only an economic crisis but a political crisis as well with the current administration likely to take the blame.
According to Schiff, the US national currency is set to meet with the worst losses along with the American standard of living. Although the Trump administration is to blame for the trade war that is already wreaking havoc on American’s wallets, Schiff says thepolitical crisis about to follow will be much worse.
“So, what you’ve got to do is get out of U.S. dollar assets. The dollar is going to be the biggest casualty along with the American standard of living,” he said, adding that foreign stock markets, especially emerging markets, currently depressed by the strong dollar would see a strong rise. “They are going to see a boom when the dollar weakens,” Schiff said.
The U.S. household debt, which is about $15 trillion, represents a crucial issue for the standard of living in the country. “Everybody is loaded up with debt, and it’s not like we began this monetary experiment without much debt. We had a lot of debt in 2008. In fact, the financial crisis was about debt, it was about our inability to pay the debt that we had,” Schiff said.
Image result for hat trick images
Treasury auctions being boycotted, day before yesterday, yesterday and today?
Something’s going on. This sounds ominous.
CIGA Wolfgang Rech
7Y Auction Prices At Highest Yield Since April 2010 As Directs Disappear Again
October 25, 2018
After two consecutive mediocre auctions, today the US government concluded its near record weekly haul of Treasury issuance, selling $31 billion in 7 Year paper, which it sold at a yield of 3.074%, stopping through the When Issued 3.069%, up from 3.034% last month and the highest yield since April 2010.
Confirming the weak demand for the belly of the curve, the Bid to Cover declined again, and after September’s 2.449 it dipped to 2.393, the lowest since March, and below the 6 auction average of 2.55.
But the most notable feature of this auction, as with the most recent 3Y and 5Y auctions, was that the boycott by Direct bidders is going on, with Directs taking down just 5.22% of the final allotment, far below the 6 auction average of 14.1%, and the lowest since February 2011. Offsetting the poor Direct bid was the rebound in Indirects, who took down 64.6% of the auction, above last month’s 61.2% and better than the recent average of 63.0%. Dealers were left with 30.2% of the auction, more than the 25.3% in September and above the 22.9% average.
Overall, a mediocre auction, but the most pressing question is what has spooked Direct bidders – note, not foreign central banks but domestic accounts – from participating in Treasury auctions. So far an answer has not been proposed.
Bizarre Direct Bid Collapse Continues In Today’s Tailing 5Y Auction
October 24, 2018
Similar to yesterday’s sale of 2Y paper, moments ago the Treasury sold $39 billion in 5Y paper at a high yield of 2.977%, below last month’s 2.997%, and tailing the When Issued 2.971% by 0.6 bps.
The bid to cover dropped from 2.39 in September to just 2.30, below the 6 auction average of 2.51 and the lowest since February 2017.
But it was the internals were the biggest similarity to yesterday’s auction was found, because for the second day in a row, Direct Bidders were engaged in a full blown boycott, tendering only $2.227BN in bids, and were hit on only $727MM, a take down of only 1.9%, which was the lowest since July 2009. It is unclear what has spooked Direct bidders so much but whatever it is, it continues.
Meanwhile, Indirects took down 59.0% of the auction, which while above last month’s 57.9% was below the six auction average of 61.6%. Dealers were left with 39.1% of the allotment, a sharp increase from the 28.3% recorded in the prior 6 auctions.
Overall, not a bad auction but the collapse in Direct demand is perplexing and if it continues, may be an indication that a key buyer group for Treasury paper may have left the building.
2Y Auction Prices At Highest Yield Since July 2008, As Direct Bidders Collapse
October 23, 2018
The short-end just keeps on rising, with the latest auction of $38BN in 2Y paper stopping at a high yield of 2.880%, up from 2.825% in September, the highest since July 2008, and stopping 0.1bp through the When Issued 2.881%. The auction size has been increasingly progressively from $26BN in January to $38BN currently as there is an increasingly larger budget gap that needs to be filled.
The internals were generally in line, with the Bid to Cover rising from 2.437 to 2.671, if below the 2.75 6 month auction average.
The biggest surprise was in the buyside takedown, because whereas Indirects took down a healthy 52.6% of the auction, the highest since December 2016, well above last month’s 40%, and above the 6 auction average of 42.0%, it was the Directs that got spooked, and after being awarded 13.4% last month, they only took down 5.50% this time, the lowest since August 2009. Dealers were left with 41.9%, just below the 6 auction average of 46.6%.A
Overall, a strong auction on the short end, and one which appears to have sparked a bit of an equity rally, if having little effect on the overall yield curve.
Who will help me sponsor a Go Fund Me Page to help these socialists move to a country that gives them everything? Maybe we can peel this onion and make it a real story.
Caravan Of Liberal Americans Makes Way Toward Socialist Paradise Of Venezuela
October 25th, 2018
MEXICO—A migrant caravan full of leftists desiring to enter the socialist paradise of Venezuela departed the United States Thursday and began marching toward through Mexico, stating they will demand asylum so they might experience the far better life that socialism offers.
The migrants claim they are leaving America because of its high standards of living, strong economy, and record unemployment, and hope to find a better life in Venezuela’s much more equitable system.
“Everyone there has the same quantity of possessions and food,” said one marcher. “Everyone makes millions of dollars, and very few people work. It’s a real paradise.” The refugees have complex motivations, but the vast majority simply want to see everything socialism has to offer after suffering the amazing benefits of capitalism for too long.