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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
Just more to DEFAULT ON!

I am waiting for INSTITUTIONAL DEFAULTS..

Of fking course the FED is printing MONEY to cover them....

THREE HUNDRED AND SIXTYNINE BILLION in ONE DAY last week... $369,000,000.00 or A THIRD OF A TRILLION!!! just another day at the fking REVERSE REPO window...

Man those numbers are staggering!!!..that is indicative of just how desperate, out of whack, FRAGILE the economic/financial house of cards really is..

The FED has been steady at buyin 120,000,000 a month or 1,400,000,000,000.00 a year in Treasuries and mortgage bonds...so the Balance Sheet is running...

The fires of he11 are getting hotter..

Ohh but the economy is doing so much better and stock market is UP again today...

Exactly what does that buy you if the FED and Treasury is manipulating the the very money and economic system you are trading and DEPENDING UPON to eat your dinner tonight?

My question is when do you get the message that the Economic REALITY of your life is a FRAUD, A DELUSION, IS NOT REAL IS A FICTION THAT YOU HAVE BEEN SOLD......You Boyz have bet your lives and families lives on it...

A BERNIE MADOFF PONZI SCHEME....

I keep thinking what would my Old School Hard Scrabble Kid of the Depression Dad say about all of this..my Dad only trusted the banks because of FDIC...he lost money when FDR CLOSED THE BANKS IN 33....and the NO GOOD ones did not reopen...and the depositors were sol...

Anger..comes to mind as to what a bunch of incompetent losers Americans have become...AMERICANS HAVE SQUANDERED 230 years of built up wealth and more importantly TRUST. The USD WAS THE ROCK OF GIBRALTAR OF CURRENCIES SINCE DAY ONE. Now for some ephemeral gratification of not having to feel hardship YOU have pissed it ALL AWAY> The DREAM of a poor kid being able to make good is gone.

He would be perplexed..as what to do with his hard earned and saved money...where safety of principle is first...Bank/Bond interest rates...I can hear him beotching about that..robbing the savers... Equities..not on you fking life.. RE..during the depression he saw the foreclosures and prices drop through the floor..and more over become illiquid...you can't sell it...no body had any cash...His philosophy was "CASH IS KING." Intellectually he would have to go against sentiment...because the FED IS MONETIZING THE DEBT>>>WEIMAR!!!! He would have to go to Gold and Silver...liquidity on demand..and in a currency debasement environment...protection against inflation. OR WEALTH PROTECTION..

Crypto...an Idiots Chimera..no intrinsic value, just electrons through a wire...and MORE OVER SUBJECT TO MANIPULATION...rich today poor later today..that is the biggest mind fk ever.

You have heard of Caveman Steaks??? Think in terms of Caveman economics..very basic, everything else is somebodies fluffy idea of a get rich scheme.
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Last edited by tabs; 05-27-2021 at 02:58 PM..
Old 05-26-2021, 02:17 PM
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