Fiatcurrency
ON THE VERGE OF BANKRUPTCY!FRANCE HAS THE HIGHEST DEBT LEVELS ON EARTH!
ITALY HAS ARGUABLY THE SLOWEST GROWTH ON EARTH ADJUSTED FOR INFLATION AND GOVERNMENT DEFICITS!
THEIR LARGEST BANKS REFLECT THIS! BOTH ARE APPROACHING THE KEY 5$ LIQUIDATION PRICE!
OF COURSE, IT IS FAR FROM RIDICULOUS TO SUGGEST THESE BANKS WILL NOT BE ALLOWED TO FAIL, AS THEY POSE SYSTEMIC RISK TO THE ENTIRE GLOBAL FINANCIAL SYSTEM!
IN FACT, THE ACTIONS OF THE EUROPEAN CENTRAL BANK DURING 2020, ALL UNDER THE GUISE OF "PANDEMIC RELIEF", WERE MOST LIKELY AIMED AT SUPPORTING THESE FAILING ENTITIES BY ALLOWING THEM TO OFFLOAD THEIR GARBAGE ASSETS!
THE REPO MARKET TROUBLES SEEN IN SEPTEMBER WERE LIKELY TIED TO A NUMBER OF BANKS, THESE 2 INCLUDED, FAILING TO RECEIVE OVERNIGHT LIQUIDITY DUE TO THE AWFUL QUALITY OF THEIR POSTED COLLATERAL!
THIS IS EXACTLY WHAT OCCURRED IN JAPAN, THE CENTRAL BANK SUPPORTED FINANCIAL ENTITIES WITH ZERO CHANCE OF EVERY BEING PROFITABLE, CREATING THE INFAMOUS "ZOMBIE COMPANIES"!
THEY CONTINUED TO OPERATE, BUT THEIR SHARE PRICES NEVER RECOVERED AS THEY ESSENTIALLY HAD NO PROFITS TO PAY OUT!
DO NOT BUY STOCK FROM SMART MONEY THAT SEES THE RISK AND IS EITHER SHORT SELLING OR JUMPING SHIP!
MAKE OR BREAK!MAKE OR BREAK MOMENT FOR STOCK!
WE COULD SEE NEW HIGHS COMING FOR THE DOW!
OR ANOTHER BRUTAL DOWN LEG!
IT IS ALSO QUITE CLEAR THAT THE NASDAQ AND GROWTH STOCKS HAVE SIMPLY BECOME A LEVERAGED PLAY ON OVERALL STOCKS WITH NO SPECIFIC FUNDAMENTALS OF THEIR OWN, SO IF YOU THINK THEY ARE GOING HIGHER, PILE IN!
HYPERINFLATION UPDATE!TURKEY'S CURRENCY IS UNDERGOING A CLASSIC PROCESS OF DESTRUCTION!
CONTINUAL FISCAL DEFICITS AND BANK CREDIT EXPANSION (FUELED BY ARTIFICIALLY SUPPRESSED GLOBAL INTEREST RATES) HAVE PROVIDED AN ABUNDANT SUPPLY OF CURRENCY, WHILE WAR, CORRUPTION, A GLOBAL DEPRESSION AND MANY DOMESTIC/INTERNATIONAL FACTORS HAVE LEAD TO DIMINISHING DEMAND FOR THE TURKISH LIRA!
AS LIRAS ARE SOLD FOR ASSETS AND OTHER CURRENCIES (I.E. AS DEMAND FOR THE LIRA FALLS), MONEY VELOCITY INCREASES, LEADING TO RISING PRICES AND AN EROSION OF THE LIRA'S PURCHASING POWER!
WITHIN A FEW YEARS, ONCE THE LIRA HAS BEEN COMPLETELY HYPER-INFLATED AND TURKEY HAS SUFFERED A COMPLETE ECONOMIC COLLAPSE THE LIKES OF VENEZUELA AND LEBANON RECENTLY, YOU WILL HEAR FROM KEYNESIANS AND OTHER PSEUDO-EXPERTS THAT SOME ARBITRARY FACTOR WAS FUNDAMENTALLY RESPONSIBLE!
DO NOT BE FOOLED, THE CAUSE OF ANY FALLING EXCHANGE RATE IS INFLATION, AN INCREASING SUPPLY OF CURRENCY!
THE NEXT STEP IN THIS PROCESS OF CURRENCY DESTRUCTION IS ACCELERATING CONSUMER GOODS PRICE INFLATION!
THESE NUMBERS WILL MORE THAN LIKELY BE DISTORTED BY THE TURKISH GOVERNMENT AND WILL THEREFORE BE DIFFICULT TO TRULY MEASURE!
THE TURKISH STOCK MARKET WILL SEE EXTREME VOLATILITY AND AN WOULD BE A GOOD PLAY IF IT EXISTED!
PRAY FOR THE PEOPLE OF TURKEY! PRAY FOR AN END TO GLOBAL FASCISM!
UNDERSTAND MACRO-FINANCE!WHILE ALL PRICES HAVE RISEN SINCE 1913 (THE CREATION OF THE FEDERAL RESERVE), SOME HAVE DONE SO MORE THAN OTHERS!
THE FINANCIAL SYSTEM HAS BECOME SO LARGE AND COMPLEX THAT IT IS IMPOSSIBLE TO TRACE THE ACTUAL SIZE OF THE ENTIRE MONEY SUPPLY ( M3 )!
WHEN IT COMES TO ESTIMATION, YOUR GUESS IS AS GOOD AS ANY EXPERT'S!
THE ONLY WAY TO DETERMINE IF M3 IS RISING OR FALLING IS BY LOOKING AT THE PRICE OF OIL , THE PRICE OF THE 1-MONTH TREASURY BILL AND THE YIELD CURVE, ALL OF WHICH INDICATE THERE WAS A DEFLATIONARY PERIOD AT THE BEGINNING OF 2020!
STOCKS, WHICH ARE THE MOST FINANCIALIZED ASSET CLASS, HAVE SEEN THE GREATEST INCREASE IN PRICE, BECAUSE MUCH OF THE CREDIT THAT THE FINANCIAL SYSTEM CREATES BIDS UP THEIR PRICE BEFORE ANYTHING ELSE!
COPPER AND OIL , THE PRICES OF WHICH ARE MUCH MORE IMPACTED BY SUPPLY AND DEMAND CONDITIONS WITHIN THE REAL ECONOMY, HAVE BARELY MOVED IN COMPARISON AND REFLECT THE LACK OF REAL ECONOMIC GROWTH FOR THE PAST HALF CENTURY!
GOLD , FOR ANYONE WHO CONSIDERS ITS PRICE EVEN REMOTELY ELEVATED, HAS BARELY EVEN KEPT UP WITH THE INCREASE IN M2 (WHICH INCLUDES PHYSICAL CURRENCY, CHEQUING ACCOUNTS AND SOME SAVINGS ACCOUNTS).
THROUGHOUT HISTORY, THE MARKET CAPITALIZATION OF GOLD HAS ALWAYS EVENTUALLY MATCHED THE TOTAL MONEY SUPPLY, AND THEREFORE THE PRICE OF GOLD MUST INCREASE BY SEVERAL TIMES EVEN FROM HERE TO BE VALUED CORRECTLY!
NEW HIGHS FOR OIL COMING!OIL IS THE LIFEBLOOD OF THE GLOBAL ECONOMY, IT HAS VALUE!
THE FACT IT IS SO HATED RIGHT NOW INDICATES IT IS A GOOD PURCHASE!
FIAT CURRENCY UNITS ARE WORTHLESS, THERE ARE SO MANY OF THEM FLOATING AROUND SLOWLY ESCAPING THE FINANCIAL SYSTEM AND FINDING TANGIBLE RESOURCES!
EVENTUALLY ALL PRICES WILL MAKE NEW HIGHS, AND NEW HIGHS FOR OIL PRICES WILL BE THE HARBINGER OF THAT EVENT!
BUY HAND OVER FIST!THE RECENT 8.205$ CORRECTION WAS SIZABLE AFTER THE PRICE OF SILVER ALMOST TRIPLED IN LESS THAN 5 MONTHS!
THIS IS MOST LIKELY DUE TO THE VAST AMOUNT OF NAKED SILVER SHORTS UNLOADED ONTO THE COMEX MARKET BY BULLION BANKS!
THIS IS A GOOD PRICE TO RE-ACCUMULATE HOLDINGS OF SILVER!
THE 26-32$ PRICE RANGE OFFERS CONSIDERABLE SUPPLY, BUT WHEN IT HAS BEEN ABSORBED BY GREATER DEMAND, THE PRICE OF SILVER WILL FLY!
IS BUFFET RIGHT?WARREN "NEVER BET AGAINST AMERICA" BUFFETT IS CLEARLY DIVERSIFYING OUT OF THE U.S. DOLLAR!
HE HAS RECENTLY LOADED UP ON SHARES OF "UNDERVALUED "JAPANESE FINANCIAL GIANTS!
THE QUESTION IS, IS JAPAN THE RIGHT PLACE FOR LONG TERM INVESTMENT?
I WOULD CONTEND THAT IF YOU SEE A GRIM FUTURE FOR THE WESTERN WORLD, ASIA IS THE PLACE TO BE!
JAPAN'S PRODUCTIVITY AND THEIR HIGHLY HOMOGENEOUS CULTURE (UNLIKE THE WEST) MAKES THEM AN ALLURING PROSPECT!