More Dead Cat Bounces to Come as We Continue Stair-Stepping Down
It's my opinion you should not listen to so-called "Financial Advisors" on Main Stream Media in regards to the shape of the economy "IF" that "advisor" is saying the economy is strong. Every single day, they come up with some "fundamental" reason as to WHY the market went up or down on that particular day.
Housing Bubble is bursting globally.
Government debt continues rising globally.
Governments continue borrowing more money globally with interest from Central Banks WHO CREATE FIAT OUT OF THIN AIR to loan to governments; while laying the liability of paying back those loans on THE PEOPLE (tax payers) of those governments.
Household debt continues to grow globally. More and more families are resulting to credit cards to get by. In the U.S. they have changed standards that affect credit scores in order to raise credit scores to make more people eligible for more credit to incur more debt. They did this because the VELOCITY OF MONEY IS DEPLETING.
More retail stores are closing stores and/or filing for bankruptcy due to the lack of velocity of money (spending).
Interest rates are rising in the LIBOR and the Federal Reserve continues to raise rates. This will affect housing and other industries negatively while trying to recover from the policies and regulations imposed from 2008 to 2016.
Inflation is rising globally. If you don't see it in the form of prices, you will see it in the form of "reduced quantity." Example: My wife still paid the same price for manicotti and rolls yesterday at the grocery store that she paid a few months ago. However, the manicotti now comes in a four (4) pack instead of a six (6) pack and the rolls came in an eight (8) pack instead of a twelve (12) pack. They are trying to hide inflation by reducing the QUANTITY of the items we purchase or by reducing the QUALITY of the contents in the items we purchase.
I can keep listing more reasons why the global economy is in decline BUT the main stream media financial channels would have you believe otherwise. They are simply a propaganda tool of big banks hired to mislead you in an effort to gain your assets on this next coming recession and LIKELY depression. Many of you with 401k's have your retirement locked in markets destined for serious decline and have no way of getting those funds out (with penalty I might add) without quitting your job or getting laid off or fired from your job. If someone is very close to retirement with a lot of money in 401k's, it's my OPINION they would be better off quitting their job to get their money out of their 401k and pay the penalty and taxes. THEN use a large portion of that money to buy physical metals (gold and silver) IN YOUR HANDS while the price of those metals are still cheap. So what if you lost 30 or 35 percent of your 401k due to penalty and taxes. Would it not be better to invest a large portion of the money that remains after penalty and taxes into gold and/or silver? It's my opinion physical gold will increase 7 to 10 times its current value and silver will increase 30 to 70 times its current value. However, those increases will not be seen until AFTER the stock and bond markets have ruined all of those who remained in those markets.
Tell me, what will it accomplish to TRY to short this market all the way down if the FINANCIALS (Banks) have failed (collapsed)? WHERE do you think your broker holds your capital? They hold it in a bank. If you think you can short this market down to a point where you can move your profits made from shorting over to PHYSICAL precious metals IN YOUR HANDS just before banks collapse, then go ahead. However, that's a big risk to take in my opinion.
Banks are destined to fail eventually. There will be bail-ins instead of bail-outs this next recession or likely depression. Meaning, the banks will TAKE a large percentage of any money (FIAT) you have in THEIR bank. The money you deposit in THEIR bank is NOT yours. It is the banks money! So, if you think you can short this market and put your money in a bank and THEN get it out of the bank into physical precious metals BEFORE a bail-in of the banks from your bank account, then be my guest. If you have read this publication, you cannot say you had no warning.
Those who have crypto currency on crypto currency exchanges are also taking a risk leaving their crypto on those exchanges during a collapse of banks. Most of those exchanges use a bank to hold FIAT currency. Part of the reason crypto exchanges have bank accounts is to have access to the SWIFT network to provide wire deposits and withdrawals of FIAT. If the banks fail, many crypto exchanges will lose millions worth of customer money in FIAT. It's likely those exchanges will make all customers of that exchange swallow the loss incurred by a bank failed. That too can be categorized as a BAIL-IN. Similar to the Bail-in BITFINEX implemented when they were hacked for millions of dollars worth of Bitcoin in 2016. Yes, they paid it back over a year to the customers. Will customers get those funds back this time? Who knows...?
I'll provide more charts of other time frames shortly.
3-Day TF:
Housing Bubble is bursting globally.
Government debt continues rising globally.
Governments continue borrowing more money globally with interest from Central Banks WHO CREATE FIAT OUT OF THIN AIR to loan to governments; while laying the liability of paying back those loans on THE PEOPLE (tax payers) of those governments.
Household debt continues to grow globally. More and more families are resulting to credit cards to get by. In the U.S. they have changed standards that affect credit scores in order to raise credit scores to make more people eligible for more credit to incur more debt. They did this because the VELOCITY OF MONEY IS DEPLETING.
More retail stores are closing stores and/or filing for bankruptcy due to the lack of velocity of money (spending).
Interest rates are rising in the LIBOR and the Federal Reserve continues to raise rates. This will affect housing and other industries negatively while trying to recover from the policies and regulations imposed from 2008 to 2016.
Inflation is rising globally. If you don't see it in the form of prices, you will see it in the form of "reduced quantity." Example: My wife still paid the same price for manicotti and rolls yesterday at the grocery store that she paid a few months ago. However, the manicotti now comes in a four (4) pack instead of a six (6) pack and the rolls came in an eight (8) pack instead of a twelve (12) pack. They are trying to hide inflation by reducing the QUANTITY of the items we purchase or by reducing the QUALITY of the contents in the items we purchase.
I can keep listing more reasons why the global economy is in decline BUT the main stream media financial channels would have you believe otherwise. They are simply a propaganda tool of big banks hired to mislead you in an effort to gain your assets on this next coming recession and LIKELY depression. Many of you with 401k's have your retirement locked in markets destined for serious decline and have no way of getting those funds out (with penalty I might add) without quitting your job or getting laid off or fired from your job. If someone is very close to retirement with a lot of money in 401k's, it's my OPINION they would be better off quitting their job to get their money out of their 401k and pay the penalty and taxes. THEN use a large portion of that money to buy physical metals (gold and silver) IN YOUR HANDS while the price of those metals are still cheap. So what if you lost 30 or 35 percent of your 401k due to penalty and taxes. Would it not be better to invest a large portion of the money that remains after penalty and taxes into gold and/or silver? It's my opinion physical gold will increase 7 to 10 times its current value and silver will increase 30 to 70 times its current value. However, those increases will not be seen until AFTER the stock and bond markets have ruined all of those who remained in those markets.
Tell me, what will it accomplish to TRY to short this market all the way down if the FINANCIALS (Banks) have failed (collapsed)? WHERE do you think your broker holds your capital? They hold it in a bank. If you think you can short this market down to a point where you can move your profits made from shorting over to PHYSICAL precious metals IN YOUR HANDS just before banks collapse, then go ahead. However, that's a big risk to take in my opinion.
Banks are destined to fail eventually. There will be bail-ins instead of bail-outs this next recession or likely depression. Meaning, the banks will TAKE a large percentage of any money (FIAT) you have in THEIR bank. The money you deposit in THEIR bank is NOT yours. It is the banks money! So, if you think you can short this market and put your money in a bank and THEN get it out of the bank into physical precious metals BEFORE a bail-in of the banks from your bank account, then be my guest. If you have read this publication, you cannot say you had no warning.
Those who have crypto currency on crypto currency exchanges are also taking a risk leaving their crypto on those exchanges during a collapse of banks. Most of those exchanges use a bank to hold FIAT currency. Part of the reason crypto exchanges have bank accounts is to have access to the SWIFT network to provide wire deposits and withdrawals of FIAT. If the banks fail, many crypto exchanges will lose millions worth of customer money in FIAT. It's likely those exchanges will make all customers of that exchange swallow the loss incurred by a bank failed. That too can be categorized as a BAIL-IN. Similar to the Bail-in BITFINEX implemented when they were hacked for millions of dollars worth of Bitcoin in 2016. Yes, they paid it back over a year to the customers. Will customers get those funds back this time? Who knows...?
I'll provide more charts of other time frames shortly.
3-Day TF:
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360m (6h) TF:
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14-Day TF:
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28-Day (4-Week) TF:
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The reason I titled this, "More Dead Cat Bounces..." is because I believe we will see high volatility with HUGE moves UP - AND - DOWN. Many will think we are pumping back up again because of how huge of a move up but it will end up only being another "dead cat bounce." I honestly believe October 3 was our ATH and we're not going any higher.
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A look at the Daily and possible future trek of the lines in Godmode 3.1 Mod with LSMA. Looks like we could be completing a wedge and ultimately fall out the bottom of it eventually.
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A look at the long term in the Monthly TF:
7-Day TF:
7-Day TF:
