Some dismal Dave for the weekend.
Taking our schools back!
Some dismal Dave for the weekend.
Taking our schools back!
By Greg Hunter’s USAWatchdog.com (Saturday Evening Post)
Clif High is an Internet data mining expert who has many well-documented correct forecasts. He predicted that Bitcoin would rise to $64,000 (it did) when it was less than $10 per unit. High uses something he calls “Predictive Linguistics” and computer programs to sort through billions of bits of information on the Internet to predict future trends and events. High’s recent data shows everything is in the process of breaking down. Food production, trucking, health services, millions will get very sick and many of them will die, the military breaks down, political system breaks down and the financial system will suffer a horrible unfixable crash. High says the breakdowns are getting so bad that he is calling this month “Red October.” In short, the breakdowns will wake up the masses to all the evil that has been hidden. High says, “We can follow these things on up to find out where the real evil is, and I hope we don’t destroy our ability to do that in the process of cleaning this out. We are, at this point, where the ‘normies’ are going to wake up. But what are they going to wake up to? Are they going to wake up to Biden cheated? Are they going to wake up to Biden the traitor at the request of the CCP? That he assisted the CCP in cheating? Or are they going to wake up to Biden the Globalist working with the CCP stooges? There are so many layers it’s going to take a long time for people to come to some understanding. I think, basically, they will get to a point that they say that’s good enough, I don’t need to know anymore.”
One very big wakeup call is going to come from our crashing financial system. High explains, “This hyperinflation is showing up everywhere. . . . We will have the real markets, cost of potatoes, gold, silver and Bitcoin and those things that are outside the dollar system . . . this month, October, I think we will start a bull run in commodity prices that is similar to what happened in Venezuela. That will be our financial system . . . last gasping breaths. It will be shuttering and shaking through October, November, and I don’t know if it will be through much of December. This will be a very . . . crushing time, a very burdensome time. People need to know we will get through this. It’s not going to be the end of the world, but it will be the end of the world as we knew it, but the end of the world as we knew it was oppressive. It was from the people that kept us enslaved. This is a very terrible time indeed, but it liberates us.”
If you told someone two years ago the world would look like it does today, they would have called you a nut job spewing science fiction with a dash of conspiracy theory! We use two years as a timeframe because if you recall, the overnight repo market blew its lid in late September 2019. And what a two years it has been since!
We knew at the time the Fed would be required to embark on their final pump job because credit was faltering badly. “Thankfully”, COVID-19 came along to shut down economies and thus massively reduced credit demand. This gave the world’s central banks some time, and cover, to reliquefy the system and of course do what they do best…INFLATE! We have said all along that Richard Russell was correct years ago when he termed the phrase “inflate or die”. The only problem is, global debt had already built up to unpayable levels even before the repo blowout two years ago which led to the crackup boom we have just witnessed.
Looking back at the last two years is mind boggling. We have seen a global pandemic where total death rates rose only slightly but at least the normal flu seems to have been cured, heart attacks, cancer, lung disease, even car accidents all no longer seem to be the causes of death…Experimental vaccines were introduced that we were told would lead us back to normal. After 10’s of thousand’s of deaths and 100’s of thousand’s severe reactions, now they tell us they are becoming mandatory? But wait, the drug companies now have a new miracle pill, I think it’s called “Horsemectivir”, that will be approved for humans only, not horses and livestock so it must be good! Back to normal here we come…
We watched as our cities were burned and looted during “mostly peaceful” protests. We also saw an election stolen which installed a man who did not campaign, cannot put two sentences together, but does know what “10%” represents! Thankfully, no more than 36 people ever showed up to any of his rallies because of covid risk, while Trump had millions collectively who presumably mostly died off from the super spreader events? The election was followed by a massive insurrection on Capitol Hill that the left, the press, and smart people in general, called more horrific than 911!
And speaking of the left, the press, three letter agencies (not to mention many left appointed judges), if it were not so serious and affect the lives of so many, we could call it “5 year old comedy hour”. We say this because if you remember how a five year old reacts when caught with their hand in the cookie jar…IT’S ALL LIES! Nearly everything, and we cannot stress enough, EVERYTHING we have been told by the press have been blatant and obvious lies that even the 5 year old could detect. But there has been constant cover for any and all lies by fakebook, giggle, traitter, and lie tube, censoring, deleting and taking down entire posts/channels who espouse common sense, logic, and outright provables. Suffice it to say, anything they take down is almost guaranteed to be God’s honest truth and directly over the target! Of course this has all been more confusing than it used to be because it is so hard to keep track of genders, much less the correct pronouns for each…?
Enough with the sarcasm, the rubber has now hit the road. The financial system is broken. It in fact was broken many years ago and has survived on life support (QE to infinity) ever since. “Financial engineering” has allowed policy makers to push and pull levers to create temporary realities in virtually all markets, unlimited credit and money supply enabled them. What happened over the last years (the last two in particular) could never have occurred during sane or normal times. People in the US would have revolted long ago. We say “US” because there are revolts all over the world, you are just not being told or shown by the press because they don’t want you to get any bright ideas! The largest revolt is presumably Australia, but then again, what would you expect once a population willingly gives up their guns? But we digress…
The point being, people in the US have not revolted versus the lies and falsehoods “yet” because they live the good life and their 401k statements are the proof. Stock, bond, and real estate markets are THE ONLY glue left holding the social system together. If asset values were to only go back to where they were the day Donald Trump was duly elected in 2016, we would be seeing anarchy. People “feel” rich, so no matter how many times they are lied to it does not matter because it “doesn’t affect me”. Well, it doesn’t affect you until you are mugged, robbed, raped or killed by…an illegal alien, your federal, state or local govt., your bank or broker, any three letter agency, or even by someone just plain hungry…and the hungry part is coming!
Folks, it is now as obvious as it can get. The system was already broken, it is now being purposely destroyed. The only truth you have been told is their plan to “build back better”. They have told you, “you will own nothing and be happy”. The only way to build back better is to totally destroy what exists. Why do you think they teach CRT in schools? Why are statues and landmarks being taken down? They are trying to re write history (which should be read “his story”) so there is no longer any reference point to decipher good vs. evil.
Now to the real point for this writing other than blowing off some truthful steam, this is the final chapter for the global financial system. Real supply chains have been broken, credit has become untenable, currencies led by the US dollar are collapsing versus real goods and bluntly, the shit has already hit the fan. For many aspects of life but financially for sure, there is now no turning back. It is over, and the long awaited crash is happening. The bubble has burst and no amount of new money, free credit etc. can possibly fix what has already broken. In fact, judging by the increased tyranny worldwide, we are not even sure there will be an effort to prolong “normal”?
Your time to prepare is short, maybe only weeks or days. Goods of all sorts are in short supply if even available? Please, PLEASE do whatever is left on your lists to prepare, because the day is quite near when the only options you have left are the ones you’ve already created!
Standing a tearful watch,
No Skittles or unicorns in these pictures from Dismal Dave down under…
So much for having your assets online.
Yes, I’m speaking of Bitcoin and all other crypto currencies. Hell, even your investments in NFT’s (non fungible tokens).
For that matter, what about all legal documentation: bank letters of credit, titles to real estate and cars, etc.)?
Everything could come to a halt.
Except commerce driven by gold and silver.
CIGA Wolfgang Rech
You do have a point Wolfgang, only no one will believe it…
These Countries Have an INTERNET KILL SWITCH (and They Admit It)
September 27, 2021
by Aden Tate
What do you suppose would happen if the President of the United States deemed it necessary, for “national security,” to flip the Internet Kill Switch? In these digital times, there should be great concern over something like this. However, normalcy bias seems to have a firm hold on a majority of the citizens of the US, and many are clinging to the “it can’t happen here” theory.
The United States has yet to employ this particular tool. However, according to data gathered to examine the financial impact of internet shutdowns, since 2019, there have been 237 major internet shutdowns in 45 countries. [source]
What is an internet kill switch?
An internet kill switch is a device/software/configuration that allows one to shut down all internet access within a region or country indefinitely. If activated, the kill switch would prevent everyone from checking social media, shopping online, using online messenger services, sending emails, or anything else involving an internet connection.
In many cases, this may also include any form of phone contact (it varies).
Which countries have already used the internet kill switch?
Hackers have the ability to down the entire internet system, as we have seen with op article and op article. However, governments around the globe have also resorted to shutdowns, claiming it to be necessary for public safety. For example, India (a democratic nation) was the global leader in shutdowns in 2019, with over 150 in 3 years. [source]
Bill Holter’s Commentary
Say it isn’t so!
Former Goldman Compliance Officer Busted For Insider Trading
September 30, 2021
Is it just us, or are we starting to see a pattern here?
After a former UBS compliance officer was jailed after being convicted of an insider trading scheme in the UK, yet another compliance officer – this time, working for Goldman Sachs – has been swept up in another insider trading scandal, this time in the US.
The SEC complaint filed on Wednesday accused Jose Luis Casero Sanchez, 35, who worked for Goldman as a senior compliance analyst out of the bank’s office in Warsaw, of earning more than $471,000 from the trades.
His role as a compliance analyst gave him access to “highly sensitive” information linked to mergers and other deals between September 2020 and March 2021. Sanchez allegedly “abused that position of trust” by making at least 45 trades based on confidential information gleaned through his position at Goldman.
Some of the companies Sanchez allegedly traded in include pet retailer Petco Health and Wellness, US-headquartered Norwegian Cruise Line and the British company GW Pharmaceuticals, per court documents.
Joseph Sansone, chief of the SEC’s market abuse unit, said in a statement the agency had “exposed gross violations of duty by a compliance professional who exploited the sensitive information he was hired to protect.” Sanchez allegedly restricted the size of his trades and used four separate US-based brokerage accounts under his parents’ names to try and avoid detection.
Bill Holter’s Commentary
What jail would you or I be in if we did this?
Dallas Fed President Kaplan Was Making Bold, Market-Moving Statements to Media During 2020 Crisis; the Same Year He Traded Tens of Millions of Dollars in Stocks and S&P 500 Futures
September 30, 2021
Last year, during the worst health crisis in more than a hundred years in the United States, Dallas Fed President Robert Kaplan was frequently throwing gasoline on the fire in broadcast and print media interviews. Also in 2020, Kaplan was trading in and out of S&P 500 futures, a sophisticated instrument used by hedge funds to time the market and/or short the market. The Dallas Fed will not say if Kaplan engaged in shorting the market during a national health crisis. (Shorting means to place a bearish bet that the market or a security will fall in value.)
Kaplan gave a total of 68 interviews with the press in 2020, an eyebrow raising number for a man also trading S&P 500 futures.
Twice in the span of six days in May of 2020, Kaplan predicted that unemployment was going to surge to 20 percent. That’s a very bold and very bearish call. According to the Congressional Research Service, the maximum unemployment rate in 2020 topped out at 14.8 percent in April.
Bill Holter’s Commentary
You want a little bit of dog comedy? I hope “she” is spayed and also hope that is the correct pronoun!
SJW thinks she trained her dog to be vegetarian…Comedy Gold…
September 29, 2021
Bill Holter’s Commentary
How could anyone not see it coming? The entire world is complete falsehood and lies, why would markets be any different? Besides, markets MUST support the false narrative, otherwise the narrative could never be…
The Market Crash Nobody Thinks Is Possible Is Coming
September 28, 2021
The banquet of consequences is being served, and risk-off crashes are, like revenge, best served cold.
The ideal setup for a crash is a consensus that a crash is impossible–in other words, just like the present: sure, there are carefully measured murmurings about a “correction” but nobody with anything to lose in the way of public credibility is calling for an honest-to-goodness crash, a real crash, not a wimpy, limp-wristed dip that will immediately be bought.
What I’m calling for is a rip your face off, weeping bitter tears over the grave of the speculative wealth that you thought was forever crash. All those buying the dip because the Fed will never let the market go down will be crushed like scurrying cockroaches and all those trying to rotate into the next hot sector or asset class will also be crushed like scurrying cockroaches because when the Everything Bubble pops, well, everything pops. There is no shelter in a risk-off cascade.
The crash is coming as a result of multiple mutually reinforcing dynamics, the first being that no “serious person” believes a crash is possible, much less imminent. In no particular order, here are a raft of other causally consequential triggers of a cascading market crash:
1.As I noted in my call for the top, Is Anyone Willing to Call the Top of the Everything Bubble? (September 6, 2021), there is no history to support the widespread confidence that the extremes of over-valuation, leverage, euphoria and speculation last forever, or even much longer than the lifespan of a cockroach. We’re well past that benchmark into unprecedented insanity. So what happens next: squish.
Bill Holter’s Commentary
Whether Evergrande is the final straw or not, it is coming as sure as the Sun will rise tomorrow!
Turn Out The Lights, The Party’s Over-Evergrande Misses A Second Dollar Bond Interest Payment
September 30, 2021
By Stan Szymanski
As a young musician in Pittsburgh I was blessed to learn how to play jazz by going to a ‘session’ every Thursday in the North Side that was led by Randy Purcell (trombone-Maynard Ferguson) and his brother Rick (keyboards/vocals). They shepherded me over the course of a little over a year of navigating the standards of the American Songbook.
At the end of every Thursday night session Randy would call -one- song: The Party’s Over. That was a sure call that it was time to pack up and go home. In that spirit, the financial condition of Evergrande has tuned on the lights to show everything for what it really was and is shutting down the bar, the well if you will, that the debt-drunken investors of the world have imbibed in for so long.
Yesterday, according to a Reuters article: …’The company, reeling under a debt pile of $305 billion, was due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond, after having missed $83.5 million in coupon payments last Thursday.’…
Ok, so there is 131 million dollars in interest payments that Evergrande has not paid to foreign investors in the last six days. If they can’t pay their interest payments on time why would anyone think that they will get their money back when Evergrande bonds start to mature in March 2022? What about the $162.38 million in dollar denominated interest in the next month?
By Greg Hunter’s USAWatchdog.com
Karen Kingston is a medical analyst that researches a wide variety of things in the medical world. She’s an expert in getting new drugs and medical devices approved and pass regulatory hurdles. She researched the drug patents for the CV19 vaccine and says the unvaxed are at serious medical risk form the vaxed. Kingston explains, “If you take a look at the biological license approval for Pfizer, it specifically explains that Comirnaty is a nucleoside-modified messenger RNA. What is that? That is a man-made genetic material that coats the spike protein of SARS COV 2. So, people who are injected are producing trillions of the disease causing spike protein, and they can infect other people. This was documented in the August 2015 document by the FDA called ‘Viral Based Gene Therapies’ and shedding analysis and design studies. This is what’s called a viral gene based therapy, and it’s very well documented by the FDA. . . . That is clear evidence that they knew the shedding would occur.”
This is so insidious that the FDA is well aware of unvaxed pregnant women. Kingston says, “Not only can you get sick, but if you get pregnant and are around someone who is vaccinated, that could result in the death of your baby, your baby dying within one month of being born, birth defects and autoimmune disease over its lifetime. That is horrifying.”
More charts from dismal Dave. But not to worry, everything is “insured” by well over $1 Quadrillion worth of derivatives! The day is nigh they will be required to pay off…
Patience is sustained courage.’ Jesse Livermore. (1877-1940).