Fed Decision: Meh

by

Not much to say about it.

The Fed held.

Says still sees three cuts this year.

Chairman will sound off but the markets are on a jag now.

We hold to the idea that the Fed is now in the position of, in some sense, paying higher rates to itself by holding too high, too long.

Notwithstanding, we look for our righthand trading box to be filled as the market rockets, maybe through Friday’s close.

And a fine time will be had by all, we’re so sure.

Write when you get rich,

George@Ure.net

16 thoughts on “Fed Decision: Meh”

    • Gold could save us.

      Just don’t forget the face values printed on the gold coins, silver too.

      $50.00 per ounce for gold and $1.00 per ounce for silver.

      If the economy super-crashes people won’t have ‘money’ to buy gold/silver at super-prices so the price of gold will crash along with everything else and revert to face. If gold crashes back to 1971 prices that’s about $40.80/ounce or the $50.00 face.

      There was lot of bitterness during the Great Depression because people lost their houses for tax money.

      What’s today’s annual average property tax – say $2,500. That’s 50 one ounce eagles at face. $10,000 annual taxes and that’s 200 eagles at face.

      Certainly property taxes will eventually reset lower to the new price levels but that takes years as it did during the Depression days.

      So if it taxes four years to reset that’s potentially between 200 and 800 eagles to keep the house. How many people today have 200/800 eagles laying around?

    • There is NOT enough Gold to run a modern country.

      If you go back and look at the near rebellions in the agricultural part of the US in the 1800’s virtually every one was caused by a lack of money (gold) supply which caused the entire ag economy to grind to a virtual halt and for the farmers /ranchers to NOT be able to pay their loans or taxes (and thus their farms /ranches were seized for nonpayment of their bank loans … no gold to be had to pay them (loans at the time were virtually all “gold loans) OR seized for nonpayment of their real estate taxes since those also had to be paid in gold.

      Read a bit of history … and you will see the REAL problems with a gold based financial system. It really hammers those who work for a living but who are at the bottom of the barrel so to speak. At times there is a clear lack of sufficient Gold to provide liquidity to the system for those at the bottom. Those at the top LOVE IT … since they get to buy assets on the super cheap when those below them can’t come up with the gold to pay their loans or taxes.

      (William Jennings Bryant’s “Cross of Gold” speech from the election of 1896 is a good place to start … and that wasn’t even the worst of times for the small farmers /small ranchers /main street business people wrt money supply (gold) to pay their loans and keep the wheels of the economy turning. The situation was WORSE at other times in the 19th century)

    • that totally depends on a lot of factors.. in china money is jade I get chinese jade coins to make necklaces out of..
      a thousand years it was corn wheat oats barley jade beads The shekel was the unit of weight and currency, first recorded c. 2150 BC, which was nominally equivalent to a specific weight of barley that was at the time the preexisting and parallel form of currency. money has had many different forms throughout history..Gold was seen as decoration by the Mayans and the Aztecs.. Corn was their precious commodity.
      water.. the word Salary comes from SALT which was a form of money used to pay laborers..
      In the Bible…The three wise Magi brought Gold frankincense and Myrrh were standard gifts to honor a king or deity in the ancient world: gold as a precious metal hard to find and used as a beautiful adornment, frankincense as perfume or incense and also used as a treatment for Arthritis in ancient world, and myrrh as anointing oil. In fact, these same three items were apparently among the gifts, recorded in ancient inscriptions, that King Seleucus II Callinicus offered to the god Apollo at the temple in Miletus in 243 B.C.E.
      I have said many times go to the Sudan where people have to walk great distances to get food or water.. and offer them gold or a tanker of water and a truckload of food and see which one they take.. you can buy gold oogle at its beauty but in the end if you want to get rid of it.. you have to find someone that is collecting it.. when times are tough and food is short.. which would you choose..
      I for one if you had ten ounces of gold and I had one pound of flour or wheat and you were starving to death.. how much of that wheat would I give in return for the ten ounces of gold..
      a perfect example is the show the colony.. where ten people are secluded being told that there was a biological event.. a trader comes.. and see what they are willing to trade for a tooth brush for all ten of them.. or a razor..
      Below is a couple of scenes from the show.. I believe that the shows like dual survival , naked and afraid, the colony etc.. was a controlled experiment that was designed to see if Mankind could survive with their given talents.. you can watch the show on amazon prime.. or buy dvds of the show..
      https://youtu.be/6Hv4ADUr-0E?si=cDLMBDQFEmO39amI
      https://youtu.be/kI9Bw6tT_gM?si=XbGbUhGHqsS2S1zx

  2. Oh the Humanity !

    Whats a poorboy to do ?

    Bought The Dip, and bought some MOAR, bought some Miners, and bought some MOAR…whats a poorboy to do…with ALL THIS New found MONAY ?!

    Why its almost as good as New Booty…”Hello! Ms New Booty..https://youtu.be/znUS2KqPYCw?si=OUOCX46x9VaPFm4u

    Got BTC ? Got a Ms. New Booty ?

    Well what R U waiting 4 ?

    Remember playas – the Ether Bunny is on her way..

  4. The Age of Desolation, G. A. Stewart, 2010, Page 226
    Nostradamus and The Age of Desolation, G. A. Stewart,
    2013, Page 497
    Nostradamus and The Third Age of Mars, Volume I, G. A. Stewart, 2017, Page 576
    Nostradamus and The Third Age of Mars, The Complete Prophecies of World War III,
    G. A. Stewart, 2019, Page 628

    As in Quatrain VIII-28, Quatrain III-26 predicts that politicians will destroy the global economy by using debt and fiat currencies, “Kings and Princes draft imitations”.
    “Prophet’s empty, elevated [making] fortunes,” could be read as, “[The Economic] Prophets [advice is] empty, [they will be] elevated on television [and make] fortunes [shilling for the
    market].”
    The imitations of gold and silver will allow hyperinflation. Worthless, paper money will then be “furiously thrown into the fire.”
    “The replicas of gold and silver inflated”, “After discovering all is dissipated and troubled by debt.”

    • Western Banking System is all about Derivatives. All precious metals have been digitized, giving Financial Institutions and their clients exposure to PM Price, without risk&costs associated with owning PHYZ. This financialization of PHYZ enables the big banks to manipulate and control the Price of the underlying. In the East, its all Physical, and is where ALL the PHYZ Gold and Silver has been flowing to in recent years.

      BRICS got PHYZ with out Lease obligations attached (who owns what?). Big Banks got PHYZ as well as Lease obligations & SLV-GLD Short Positions. SuckerFish got ETF’s.
      UrbanSurvival readers SHOULD have some PHYZ position, commensurate to Ure overall size of Nut/NestEgg, and or PM miners dividend paying Stock.

      Who owns what in the West ? only the Shadow knows till the music stops playing..

      Got Blockchain ?

    • In 2015 euro price for an ounce of gold was €900.
      As of today, in 2024, it is €2021.76.

      Fiat currency is junk.

  5. Is somebody toying with us?

    Keep in mind Stu’s 1-1-3 Ritual Days.

    13 minutes ago, 13 people, 31 missiles?

    On the screen it currently says13 minutes ago…

    Russia launched dozens of missiles at Kyiv in an early morning attack, injuring at least 13 people while residential buildings and industrial facilities across the Ukrainian capital have been damaged.

    The city’s air defence units downed 31 missiles…

    https://www.independent.co.uk/news/world/europe/russia-ukraine-war-putin-troops-missiles-b2516126.html

  6. George,

    I greatly appreciate your work and assessment of situations that we all find ourselves in.

    However, I don’t think this train for the S&P 500 has any semblance of a meaningful correction until the S&P is sitting at or near 6350.

    And I say this after having my face ripped off thinking logic would prevail and a pullback would occur that would sustain for a while.

    Take care.

    D

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