As I reported on the Peoplenomics.com site for subscribers this weekend, we are at a most curious junction in markets this week. Let me show you why:
Deciphering what happens next is a fool’s game. If we punch through and set new all-time highs, then fine, we can go long. But, if the week turns into a total downside wash-out, we will have time to go short. Little market moves are not important. The big ones though? Yep, they sure as hell are…
I don’t usually plug other websites, but there’s a dandy article that showed up on the Lew Rockwell site this past week that offers a view very much in keeping with our “worst-case fears.” Bill and Matthew Sardi’s piece The Unthinkable: Culling the Population To Balance the Books demands your close study.
To be sure, the Fed is likely near another inflection point. Which is why trial balloon stories are going up; Covering things like Global Tax schemes (it’s how One World Government comes along.
Pay particular attention to the fancy footwork revealed in G7 nations reach historic deal on global tax reform. Like any merger of mafias, first they agree on a minimum tax rate to prevent another “tax war in the family” [G-7 back steps to deter tax dodging by multinational firms-AP].
Problem is that Ireland, the ABC Islands, Caymans, Turks, Channel Islands, Belize…well, you know the list… aren’t in the Gee 7. (Canada, France, Germany, Italy, Japan, the United Kingdom, the United States the the Ure-a-peein’ Union are.)
From the TDC (*trans-dimensional craft) viewpoint, we’re being entertained with an ongoing battle over who’s going to control currency – people or governments. With another episode of who controls people, values or governments is in play at the same time.
On the first point…two critical points today:
Bitcoin is NOT making a run back to $40,000 yet, hovering around $36,000 early. While the hype is never-ending: El Salvador president wants Bitcoin as legal tender reports the A.P.
Next toss in Hacking group Anonymous issues warning to Elon Musk claiming too much power influence Bitcoin prices, and we have a whole clown posse standing at the free-throw line trying to replace the Dollar, Yuan, Oil, and anything else with intrinsic *(utility) value.
Yet our oft-repeated point remains more true than ever as the report Ransomware attacks are closing schools, delaying chemotherapy and derailing everyday life rolls in from MSN.
Lumber prices were in the crapper on the commodity markets today.
When we look at lumber over on FinViz, there are a couple of possible workouts. One is a rally up to the $1,600 area and then the bottom falls out. Or, if the drop continues under $1,000, then the bottom could fall out much sooner-faster.
We are seriously concerned about the administration’s head being up its (you-know-what) but we understand the issue: Balancing act with a guillotine.
- The government is desperate to cull social services consumers (like seniors on Social Security) as in the Sardi’s article on Rockwell.
- Which has put a spike into home building which will push the unemployment pressures up.
- All may worse by a a financial press that’s either lying or illiterates who report “seasonally-adjusted” (made-up) falling unemployment in which the latest weekly actuals saw weekly first-time unemployment claims rise.
The problem is ‘Merica’s decision-making processes are all f**ked-up. Expediency rules the day. Need more demand for cops and bureaucrats? Open the border. Need to fund Social Security which is right at the brink now? Tax Lumber. Stupid is as stupid’s voted.
In the Shorts
Fortunately, there are a few other rational viewers of financial pandemonium out there. Take Employment Miss Likely to Keep Fed Patient, And Support the Cyclical Trade – from Knowledge Leaders Capital, for one. At least they didn’t fall into the crapper of “seasonally adjusted silliness” salting the brainwashing solution.
Wait: Is Manchin becoming the lone rational democrat? Manchin breaks from Dems on S1 election bill: ‘Wrong piece of legislation’ to unite US. Anything but open-borders, homebuilding wrecker Joe and the Kamunist, please. Speaking of which:
Turbo minutia dept. Yes – let’s get Kam’s face out there: Air Force 2 suffers technical issue with Kamala Harris on board & is forced to return to base – delaying Mexico trip (reports the-sun.com).
LifeHacker nails synchronicity (vis-a-vis) Harris with: How to Recognize the Signs of ‘Main Character Syndrome’. Gee, yah think?
Stirred not Shaken? More than 600 earthquakes have shaken the California-Mexico border since Saturday — the largest registering 5.3 notices CNN. Be sure to bookmark Latest Earthquakes (usgs.gov) for the Big One.
Pants on Fire Dept. Which all goes to the bioweapon thing we were mocked for getting right last spring. “Alarmist” and “paranoid” were some of the invectives launched our way. Yet, here we go again: US Gave More Money to Chinese Lab for Bat Research Than Fauci Claimed: Documents, reported Epoch Times.
Of course, we’re not surprised that “Rand Paul says he and his family have received death threats amid ‘outspoken’ clashes with Fauci over origins of COVID-19.” Wisdom of Vanna White is ever-present like at the casino video games: “Big Money! Big Money!”
Around the Ranch
Shorter columns, more thinking in times ahead. Storms coming through East Texas today.
Over the weekend, got the tuning done in our little home studio. Which means the new computer is working fine. But, it has been a terrible time-sink. Hours to download all the Win-10 updates, Garritan World Instruments. and Reason Essentials. While we may resume our podcasts now and then on Peoplenomics, this is more about the space-time hacking project.
Had some key insights into that this weekend, as well. Which explains GWI software: Because it offers so many pitch/tuning options, not just the “usual” A440 and A432 Hz.
New fuse holder is due to land tomorrow for my vertical milling machine. 10-years or more of age now, the fuse holder broke.
Elaine’s doing extremely well on the second hip replacement. Out wandering around the yard with no walker or cane. Tomorrow will be three weeks from THR2 which is plain amazing.
Doing a pork loin roast in the crock pot today…should be dandy. Don’t know if you’ve ever studied the effects of eating pork, but it’s an easy way to push you uric acid levels around.
Don’t know if you realize this, but in a 1975 paper (Uric acid and divergent thinking: a possible relationship – PubMed (nih.gov)) the abstract reported an:
“…investigation of the relationship between serum uric acid levels in male university students and their scores on tests of convergent and divergent thinking was carried out. The data suggested that uric acid levels are lower in highly divergent thinkers than in less divergent. This led to the speculation that uric acid may be an important biochemical precursor of intellectual functioning. If it does affect intellectual functioning, this may result from the action of uric acid as an endogenous cortical stimulant, or possibly from its action as a facilitator of learning.”
What I have continued to be amazed at over the years is how few people take the time to study their own body responses to specific foods. Mine prefers red meat and pork (but just up to the point of gout onset, but the two weeks before a gout attack are almost god-like in thinking skills). Also prefers vodka to sugar and potatoes and rice to wheat. YMMV, lol.
In some religions, there are prohibitions on eating pork (along with high uric acid shellfish). I often wondered whether there was a “control” agenda married-into the “religious teachings.” Nothing would surprise me less.
Hour to the open:
Key numbers BTC $36,358, Dow +43, S&P flat, ^IXIc -16.
Little economic news until the Consumer Debt number at 3 PM eastern which could move things. Then a break until the NFIB small business optimism and International trade figures tomorrow.
SS-DD (same stocks, different day, lol).
Write when you get rich,