Oh, what a relief! … Fuhrer Biden & RINO McCarthy have “cut a deal”, in which
Repubs cave, natch! … ZILCH in spending cuts, but instead a “cap” [right, sure]
for 2 whole solid years! [oh, the horror & sacrifice of the “Deep State Swamp”
bureaucracy for not having unlimited play money for 2 whole years!] … and for
that monumental sacrifice they up borrowing another $4 TRILLION, which will be
hit again in about 20 months or LESS … normal Americans will suffer higher
inflation, higher interest rates, and a lower standard of living so 1) the guy in the
workout sweatshirt who runs the Ukraine corruption machine can have all he
wants, 2) more “woke” bullshit shoved down everybody’s throat, and 3) we get
that much closer to “financial Armageddon” cuz this shit can’t be sustained
… already, the largest spending item in the federal budget is now interest on the
national debt, and it is starting to exponentiate from here right up the frickin’ wall!
The de-dollarization of the world economy is hustling along briskly, oblivious to
most Americans who are dumber than a bag of carrots … give the masses
iphones, an EBT card, and worthless promises, and you can control about 80%
of the Sheeple inside the U.S. with no problems at all … they’ll accept all of the
woke bullshit thrown at them for “free shit” from government … just one small
problem, as Maggie Thatcher so eloquently put it some 40 years ago
… “socialism is great, until you run out of other people’s money!” … and the
U.S. of China is at that point in the math equation where things are starting to
get “sticky” … won’t be that many more months before the Banana Republic
goes full throttle Venezuela … so for those of you who think this “deal” from the
Uniparty is a good thing, think again … it simply “kicks the can” down the road
some more for a few more months, and quite frankly when the recession /
depression hits it’ll come faster cuz the government & the FED Lounge Lizards
will panic and hit the CNTRL-P machine button for infinite money printing that’ll
make the COVID inflation bullshit look like a frickin’ picnic in the park!
If there’s any good news in this heap of bullshit from “The Swamp”, it’s this … you
got a little more time to protect yourself from the ravages of government … trust
me, it’s coming … buy physical bullion [I recommend BullionStar in Singapore],
and diversify into crypto between Bitcoin, Ethereum, Monero, and stable coins in
a DECENTRALIZED WALLET outside the clutches of government [there are many
good DEFI wallets … for ease of use, safety, & privacy, I recommend Atomic and
Exodus] … under no circumstances do you leave crypto inside a centralized
exchange in the U.S., like Coinbase … Fuhrer Biden & his crew of Communists
can confiscate that in a heartbeat!
Gold, and to some extent Bitcoin, has had a pretty rough few weeks in terms of
price action … gold simply cannot keep a bid on the screen, EXCEPT IN THE
ASIAN SESSION, where the Pac Rim crowd including the ChiComs are heavy
buyers … however, get to this side of the world, and gold slides faster than
Biden climbing stairs … quite frankly, this is simply the transfer of precious
metal from West to East, and once gold hits the Pac Rim, it doesn’t come back
out! … for all practical purposes, it’s gold, silver, & others like platinum that
won’t see the light of day in Western hands ever again … it’s basically lost to
the market.
The day is fast approaching when the criminal gold cartel, made up of 1) the
LBMA [London Bullion Market Association], 2) the COMEX, and 3) the FED
through its “Rally Protection Team” [RPT], will dissolve and go the way of a
squirrel fart … we aren’t there yet, but cuz of Basel III new rules effective with
2023, EFP transfers from paper to physical have become easier … add to that
the increasing hegemony of the Shanghai Gold Exchange is gaining some
serious momentum … maybe it’s gonna take a bullion dealer going down, or a
major Lounge Lizard policy mistake, or an announcement out of China from the
ChiComs that they are willing to buy everything at a substantially higher price
and in the process bankrupting the FED short positions, but at some point gold
is a market set to explode higher … we’ve seen what happens when a few banks
go under … imagine the entire system going down … and that’s not even
considering what happens when the Banana Republic can’t borrow enough
money for the “free shit army” at any interest rate!
Directly below, this week’s 20 Day Range MA’s for selected markets.
Onto the week … OUTTA HERE … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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