Dismal Dave with some very scary charts…
Dismal Dave with some very scary charts…
Just cleared their dockets for the next 90 days starting today…
We wonder what this means? Nothing? Or something?
See my 10y treasury yield chart over the last 20 years and look at the MACD, which has sharply turned upwards. Higher rates? Inflation?
GG with a very interesting long-term chart for us. He is correct re the MACD turning up and crossing over. I guess a simple way to look at it is that rates in any “real” world cannot go below zero, so what cannot decline must increase. Lastly, can the current debt hog really sustain under any sort of higher rate structure? We think definitely not, or at least not for any sustained length of time…
Dave’s interview with General McInerney was two days prior to the election. Ask yourself this, if they knew ahead of time “how” the steal was going to be done, do you not believe they had protocols in place to document the fraud? I would suggest we will have some very interesting times immediately ahead as proof, proof and more proof of a stolen election (in reality a COUP) is released!
Here is the interview of General Tom McInerney 2 days PRIOR to the election on how the Deep State was going to electronically steal the election for Basement Joe with The Hammer/Scorecard
Here is the interview of General Flynn’s Attorney Sidney Powell with Lou Dobbs on the Friday after the election regarding “the steal”.
Here is the article BEFORE the election, October 31, 2020 about Hammer/Scorecard by Investigative Journalists Mary Fanning & Alan Jones:
Dismal Dave from down under sends us charts of the debt situation in the US. Let these sink in and you understand just how dire the situation is…!
I don’t inflict you with my readings too often, but, I thought that you might be interested in what’s happening in the Untied States of America at the moment; item 5g.
(As I’ve mentioned before, I only bother with the analysts/journalists that I’ve found, over the years, know what they’re talking about! This mostly precludes the MSM!)
Every one should read this and think through. Where this is heading?
The Digital Currency Arms Race: Central Banks Enter The Fray To Protect National Sovereignty
October 18, 2020
Former member of Parliament and now a lobbyist for firms in financial services and other sectors
A group of seven central banks, including Canada’s, have issued a statement indicating they are working together on common principles and key features for a viable central bank digital currency, or CBDC.
The banks in Canada, Britain, the European Union, Japan, Switzerland, Sweden and the United States are getting serious about the threat that private digital currencies pose to the control of monetary policy. Just as importantly, the exclusion of China from the group signals that central banks are waking up to the threat to national sovereignty if they’re not in the official digital currency game or if China gets first-mover advantage.
Central banks have been monitoring the emergence of digital currencies (bitcoin, Facebook’s Libra and so on). But there is a new urgency because COVID-19 has accelerated the flight from cash. Private digital currencies are no longer a mere adjunct to normal “cash” transactions, but supplanting them. In Sweden, people using cash for their most recent purchases dropped to 13 per cent from 39 per cent 10 years ago. Experience differs from country to country, but the trend is clear.
Something else is now at play, however. Bank of Canada deputy governor Timothy Lane said it out loud. Official digital currencies can pose a strategic threat: “If one country introduces a central bank currency, then that immediately creates the potential for other countries to be affected … and that can create a whole other set of issues.” He likely has in mind China, where the People’s Bank of China is well down the road to going electronic.
The question this raises is, are the banks in better shape than in 2008?
The Fed Did A Lot Of Talking Yesterday About A Big Bank Failure: Should We Worry?
October 21, 2020
Turns out the federal government’s plan for dealing with a mega bank failure on Wall Street is no better conceived than the federal government’s plan for dealing with the worst pandemic since 1918.
The Federal Reserve issued two press releases yesterday about “large banks.” One read: “Agencies finalize rule to reduce the impact of large bank failures.” The other read: “Agencies issue final rule to strengthen resilience of large banks.”
Wait. What? Fed Chairman Jerome Powell has been telling anyone who would listen this year – from Congress to viewers of the Today show – that the large banks have been a “source of strength” during the worst economic downturn since the Great Depression. If that were true (which we’ve questioned from the first time Powell said it) why is the Fed now worrying about a “large bank failure” and the need to “strengthen” large banks?
The first press release from the Fed yesterday deals with the fact that the biggest banks on Wall Street remain interconnected to one another. If you recall, in 2008 the interconnections of Lehman Brothers, Citigroup and AIG to the biggest banks on Wall Street created a daisy chain of rapid meltdowns across Wall Street.
GG sends us the current gold chart. Sure looks like a powerful move is in store one way or the other very soon!