Matthew Crawford is the math genius and master statistician Kirsch uses to crunch his numbers. He agrees vax bad, but not to bet on a (vax induced?) bear market. He's unique because he used to design algorithmic trading systems for Goldman Sachs so he knows Wall St.
Its a great read *NOTHING HERE IS INVESTMENT ADVICE** and I personally value reading Kirsch, Crawford AND Dowd. They agree on many things.
Athenian Owls, on the other hand, are adorable, still cheap, and create wonderful teachable moments for learning real history https://rg.ancients.info/owls/
Tass the official news of RUSSIA, lays out since 2017 that mRNA is a bio-weapon and that current pfizer project is NOT "GOF" ( gain-of-function, is 40 year old tech ), this is called "Directional Evolution"
New Gates post 2017 PURPOSE of mRNA is forward/reverse the evolutionary process, ergo the clot-shot is a dumb-bomb to make the zio-nazi penal colony populations into house-pets
This is new stuff coming out of the treasure trove of UKRAINE bio-weapon lab shit
Mar 13, 2023·edited Mar 13, 2023Liked by Jimychanga
Not sure the point of this article, for the proper picture, read marc fabers "tomorrows gold", where spends an entire book on golds history and place in the world, and how county's come & go, and real estate is quite often the last place you want to be long-term
So, gold is not like bitcoin its not a get rich quick ponzi scam
Gold is like 'insurance', you don't buy it to get rich, you buy so that if there is a fire you still have something of value
Take right now SVB, if all your cash in a bank that gets closed and now all banking on internet and your bank goes 404, then its real nice to have some gold stashed on the farm;
If you live in a place that easy to buy&sell gold, however in USSA its tracked by GOV and most people digital-paper gold aka ETF "GLD", which is like being in SVB if your brokerage goes '404'
Buying gold, well buy low, sell high; should have bought +10 years ago at 800, or even earlier at 400, now at almost 2k is a pleasant return, but GOLD is never to be sold
I think in ASIA they get it right, everybody keeps about 5 ounces, called 10 tael ( taels are little 1/2 oz bars frequently traded in asia)
In wars or pick up & go in ebb&flow of life, being able to run with $5k in your pocket allows you to start over in a new place;
How much GOLD?, most say about 5% of net-worth, where to keep? Most say if you don't hold it physically you don't own it;
How much do you pay? You buy it on a generational low and hold forever; Its BORING;
RIght now is a perfect example, war, banks are dying, people are losing their jobs, banks die, ATMS quit work, you have small gold bars can to get cash, and buy stuff you need;
Another thing I see is don't buy jewelry or coin, buy raw gold bars that carry NO premium when you go to sell GOLD they only pay you the price for raw gold so you lose any premium you paid; If you travel the world they only pay for raw gold, they don't care about numismatic value, they determine purity, the melt it form a bar, weigh it and that is what its worth;
I guess you travel on an airplane, then gold coins and/or jewelry is a safe means to get gold out, but if your stay in one locale the then gold bars 5/10 grams are your friend;
I recall reading on an investment forum about a Venezuelan migrant intent on fleeing the communist government and trying to redeem his gold in Caracas, but no one knew what it was worth. Prospective buyers would literally scratch their head and return to what they'd been doing before being interrupted by something of no obvious interest.
It became obvious that if the FDIC let the bank fail and 85% of the deposits would lose everything, including Oprah Winfrey, it would set off a monumental banking crisis nationwide. I could not scream that loud enough from the top of every roof in Washington. Sources say that since SVB was in California, the hopelessly leftist state, the lines lit up in Washington as the Democratic donors began to wail loudly and that forced the FDIC on Sunday to announce it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception. The “guy” to pull that off was most likely not common sense, but Democratic insiders and they saw their donation evaporate in the middle of the night.
Biden had also claimed that:
“Investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
Meanwhile, Goldman is now predicting that Jerome Powell and the Fed wont raise rates at the next meeting, and overnight markets are up 400 points. Ain't life grand.
Like the post says. DONT SELL THE FARM TO BUY GOLD OR ANY ONE ASSET CLASS. Stay balanced, lest Mr Market takes you out to the woodshed to school you.:)
In fairness to Peter Schiff who I have a 3 stooges pie ready for..
Schiff tweeted tonight:
You couldn't be more wrong. Government guaranteed bank accounts are a major part of the problem. We need capitalism in banking, not socialism. Having a sound banking system requires banks to compete for customers based on safety. The moral hazard of deposit insurance prevents it.
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.
Here, shareholders and bond holders have been wiped out. The
@FDICgov
insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.
Had the
@FDICgov
@USTreasury
and
@federalreserve
not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.
More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.
Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.
Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.
Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.
Our government did the right thing for the country. We are very fortunate it did so.
Matthew Crawford is the math genius and master statistician Kirsch uses to crunch his numbers. He agrees vax bad, but not to bet on a (vax induced?) bear market. He's unique because he used to design algorithmic trading systems for Goldman Sachs so he knows Wall St.
Its a great read *NOTHING HERE IS INVESTMENT ADVICE** and I personally value reading Kirsch, Crawford AND Dowd. They agree on many things.
The Big Short: A Warning About Ed Dowd's Market Predictions https://roundingtheearth.substack.com/p/the-big-short-a-warning-about-ed?
He warns about Steve Kirsch's new hedge fund too
He warns about both. Doesn't mean they can't make money. Just that NOTHING is a sure thing... not even close. Don't spend the grocery money.
https://roundingtheearth.substack.com/p/kirsch-capital-equities-fund-buyer-ef8
Athenian Owls, on the other hand, are adorable, still cheap, and create wonderful teachable moments for learning real history https://rg.ancients.info/owls/
You should do a post on this, I have not seen any where else
https://tass.com/defense/1587077
Tass the official news of RUSSIA, lays out since 2017 that mRNA is a bio-weapon and that current pfizer project is NOT "GOF" ( gain-of-function, is 40 year old tech ), this is called "Directional Evolution"
New Gates post 2017 PURPOSE of mRNA is forward/reverse the evolutionary process, ergo the clot-shot is a dumb-bomb to make the zio-nazi penal colony populations into house-pets
This is new stuff coming out of the treasure trove of UKRAINE bio-weapon lab shit
Do you people get it???
Not sure the point of this article, for the proper picture, read marc fabers "tomorrows gold", where spends an entire book on golds history and place in the world, and how county's come & go, and real estate is quite often the last place you want to be long-term
So, gold is not like bitcoin its not a get rich quick ponzi scam
Gold is like 'insurance', you don't buy it to get rich, you buy so that if there is a fire you still have something of value
Take right now SVB, if all your cash in a bank that gets closed and now all banking on internet and your bank goes 404, then its real nice to have some gold stashed on the farm;
If you live in a place that easy to buy&sell gold, however in USSA its tracked by GOV and most people digital-paper gold aka ETF "GLD", which is like being in SVB if your brokerage goes '404'
Buying gold, well buy low, sell high; should have bought +10 years ago at 800, or even earlier at 400, now at almost 2k is a pleasant return, but GOLD is never to be sold
I think in ASIA they get it right, everybody keeps about 5 ounces, called 10 tael ( taels are little 1/2 oz bars frequently traded in asia)
In wars or pick up & go in ebb&flow of life, being able to run with $5k in your pocket allows you to start over in a new place;
How much GOLD?, most say about 5% of net-worth, where to keep? Most say if you don't hold it physically you don't own it;
How much do you pay? You buy it on a generational low and hold forever; Its BORING;
RIght now is a perfect example, war, banks are dying, people are losing their jobs, banks die, ATMS quit work, you have small gold bars can to get cash, and buy stuff you need;
Another thing I see is don't buy jewelry or coin, buy raw gold bars that carry NO premium when you go to sell GOLD they only pay you the price for raw gold so you lose any premium you paid; If you travel the world they only pay for raw gold, they don't care about numismatic value, they determine purity, the melt it form a bar, weigh it and that is what its worth;
I guess you travel on an airplane, then gold coins and/or jewelry is a safe means to get gold out, but if your stay in one locale the then gold bars 5/10 grams are your friend;
I recall reading on an investment forum about a Venezuelan migrant intent on fleeing the communist government and trying to redeem his gold in Caracas, but no one knew what it was worth. Prospective buyers would literally scratch their head and return to what they'd been doing before being interrupted by something of no obvious interest.
Bill Bernstein has long recommended 2 or 3% portfolio gold, if you so choose.
The letters representing university trained investment advisors has you just as frightened of that profession as people are with MDs.
but but ... but ...................
There does NOT appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming https://www.armstrongeconomics.com/world-news/banking-crisis/the-1933-bank-holiday-can-it-happen-again/
It became obvious that if the FDIC let the bank fail and 85% of the deposits would lose everything, including Oprah Winfrey, it would set off a monumental banking crisis nationwide. I could not scream that loud enough from the top of every roof in Washington. Sources say that since SVB was in California, the hopelessly leftist state, the lines lit up in Washington as the Democratic donors began to wail loudly and that forced the FDIC on Sunday to announce it would cover uninsured deposits at SVB and Signature Bank under its “systemic risk” exception. The “guy” to pull that off was most likely not common sense, but Democratic insiders and they saw their donation evaporate in the middle of the night.
Biden had also claimed that:
“Investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
https://www.armstrongeconomics.com/world-news/banking-crisis/houston-we-have-a-serious-problem-in-biden-administration/
1996... Sure LOOKS like Bitcoin
https://gettr.com/post/p2bghase739
Learn some Mandarin.
China will dethrone the United States to become the world’s leading economic powerhouse by 2032.
It’s just time.
https://www.armstrongeconomics.com/international-news/china/toxic-currencies-good-for-the-yuan/
Meanwhile, Goldman is now predicting that Jerome Powell and the Fed wont raise rates at the next meeting, and overnight markets are up 400 points. Ain't life grand.
Like the post says. DONT SELL THE FARM TO BUY GOLD OR ANY ONE ASSET CLASS. Stay balanced, lest Mr Market takes you out to the woodshed to school you.:)
Ed Dowd who I enjoy following but has also placed his entire reputation and wealth on economic collapse
Twottled "Once the 3 Month T-Bill trades below the Discount window of 4.75% the bond market will force the Fed to cut interest rates.
It won’t be bullish long term.
The Fed was forced to cut in 2007…bottom was 2009.
Same thing in 2000 they began to cut…bottom was 2002.
Longer dated paper like 2 years are down 40 bp.
Deflationary forces are winning."
In fairness to Peter Schiff who I have a 3 stooges pie ready for..
Schiff tweeted tonight:
You couldn't be more wrong. Government guaranteed bank accounts are a major part of the problem. We need capitalism in banking, not socialism. Having a sound banking system requires banks to compete for customers based on safety. The moral hazard of deposit insurance prevents it.
Bill Ackman tweet tonight: Can't say I disagree..
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.
Here, shareholders and bond holders have been wiped out. The
@FDICgov
insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.
Had the
@FDICgov
@USTreasury
and
@federalreserve
not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.
More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.
Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.
Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.
Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.
Our government did the right thing for the country. We are very fortunate it did so.