With the consumer spending and economy rocking stats, one would never know war is around the corner. I was thinking about getting an IRA, but in the back of my mind, I feel there is going to be a financial reset. Where we the commoners all have our savings and investment accounts deleted and have to start over from zero. I still have a ways to go before I can retire, so why bother saving up, the gloom is real….
Greg
Yeah, I know how you feel. Something terrible seems to be in the works and it could be a combination of a global thermonuclear conflict and something else.
Seriously, the powers in the know have determined that something is coming and are not letting us know. Maybe it’s Apophis 2029. Maybe it’s something outside of the control of anyone on this planet to change.
In the recent past, NASA attempted to redirect the trajectory of asteroids, but failed. If there is something heading this way, the governing authorities know that they are powerless to stop it.
Why are the governing powers building a large network of underground bunkers? Why the fascination with space travel? Why the alien and asteroid obsessions?
The powers definitely seem to be preparing for something. Make no mistake.
Jacob’s trouble?
Greg, you always seem to be the one who was the most skeptical, but I suspect there could be something even supernatural that will force the hand of the governing powers.
I observe the quickness at which AI and space readiness are being rolled out, and can’t help but marvel.
I ask, why now? What’s the rush? Are there going to be space battles? Is there going to be a mass die off in which AI will replace much of what humans currently do? I don’t know.
I ask, what is the real objective behind President Trump’s aggressive push to place federal troops on American streets? What do the governing powers have planned?
I have few answers, but a pocket full of observations and questions that go unanswered for now.
As for the prices of gold, silver, and platinum, to me this is the strongest indicator that these ruling elite have decided to just let things go absolutely nuts. I don’t think they’re losing control, rather they’ve decided not to cap their breathtaking price ascensions.
My theory that 2027 was the beginning of the end unfortunately, seems to be looking like something legitimate.
As of now, there is no publicly announced existential crisis
But the governing authorities are acting as if something’s coming
The vast majority of the human population seem to be fine with the modern monetary techniques being employed by the privately run central banks. The Federal Reserve just announced that they will begin buying $40 billion worth of US Treasuries per month and hardly anyone complains. Most of the alt-media either snicker at the ostensible backtracking or claim that the central banks are losing control. But I don’t see the central banks losing control. So, I discount any theoretical impending financial calamity as a factor.
With this said, I do observe the current regime of monetary policy techniques and wonder. Quantitative easing, as a set of monetary policy techniques, truly operate to consolidate the global wealth and power over humanity. I find it interesting that QE was the chosen avenue way back in 2008. During the great financial crisis, a number of techniques could have been used, but the Federal Reserve chose to purchase Treasury debt and allow the deficits to balloon.
QE as a monetary mechanism is the exact path I would choose if I were running the central banks and wanted it to consolidate my wealth and power in the most expedient fashion.
I feel bad for you young folk, but I don’t think there’s really much to look forward to past the end of the decade. For those growing up in the 1960s and ’70s, life was great. Today’s children are being raised in a high-tech mind prison.
Nonetheless, anyone with eyes to see and ears to hear knows something’s up.
Evidently, those who were against the covid-19 injections were wrong. Medical studies have shown that picking our noses have been responsible for the great upticks in the rates of Alzheimer’s disease.
I read this on the AP, CNN Science, and other reputable news outlets.
Another diversion from seeing the white elephant in the room.
Well, if you can’t trust those sources, who can you trust! NOT!
House price data better than expected
FHFA House Price Index (MoM) (Oct)
Act: 0.4% Cons: 0.1% Prev: -0.1%
FHFA House Price Index (YoY) (Oct)
Act: 1.7% Prev: 1.8%
FHFA House Price Index (Oct)
Act: 436.7 Cons: Prev: 435.2
S&P/CS HPI Composite – 20 s.a. (MoM) (Oct)
Act: 0.3% Cons: 0.2% Prev: 0.2%
S&P/CS HPI Composite – 20 n.s.a. (YoY) (Oct)
Act: 1.3% Cons: 1.1% Prev: 1.4%
S&P/CS HPI Composite – 20 n.s.a. (MoM) (Oct)
Act: -0.3% Prev: -0.5%
Interesting theory about something coming, but if it’s an asteroid, why did they bother with the vax?
Depopulate before and after for maximum die off. I had two in law family members, both Caucasian, die in their sleep over the past couple months. A majority of my friends and family are now in and out of the doctor’s offices. Blood work, etc.
The true death and sickness totals are being totally concealed. Published Western morbidity and mortality rates of white Western Europeans are not honest.
Greg,
I think you should set up that IRA to save for retirement regardless of what the future holds.
While the future may look bleak and there could be a reset it still is not a sure thing. You have to hedge your bets about the reset and the ugly events that could happen in the future. There is always the chance that the future may not be as bad as it looks now. In addition, it is much better to have a financial pillow to fall back on than have nothing. By having savings and investments you will be better able to participate in the brighter than expected future.
I think the world is getting worse and there could be a lot of disturbances, but none of these are sure things. Despite all the craziness, the beat goes on. Save for that IRA and I wish you
the best luck.
Overnight PM price and chart action looks like shit on the four hour and daily charts. Gold’s chart action doesn’t look bad. Ag and Pt look crappy.
If silver and platinum were a stock, I would say to unload. Of course, we can’t do much of that. For those of us who own physical, we just grin and bear it.
Its all part of the process. Lets see what happens January 5th. For those holding metal, we’ll wish we had twice as much!
What’s January 5th?
Chinese export controls on silver start January 1st and by the the 5th traders will be back in full. Elon is also concerned about the lack of silver going forward.
Traders are selling the news. The retail got trapped.
Selling the news just might blow up in their faces next week!
It seems we are watching a scramble for natural resources between China and the U.S. and silver is right at the top of the list. What if this block aid of Venezuela is not really about drugs and more about resources, like silver? Thus blocking silver imports to China. All part of the growing war preparations.
The Greenland Purchase?
THE NEW YORK SUN
By naming the Pelican State’s governor special envoy to Greenland, President Trump seems to signal that his plans for the world’s largest island are in a league with the Louisiana Purchase. “We lived under more flags than anyone living in the continental United States,” the governor, Jeff Landry, told Fox News on Tuesday. “We ended up settling under the United States of America’s flag, and for that Louisiana has been so much better.”
The French sale in 1803 of land at the rate of $18 a square mile, known as Vente de la Louisiane, contained only a small portion of what is now the state of Louisiana. It was much larger overall, though, stretching to the Dakotas and Montana. It opened a path to all the riches the west had to offer. It is hard to imagine all the good America spread to the world without it. Will Mr. Trump repeat that feat with Greenland?
Greenland’s current owner, Denmark, and bureaucrats at Brussels are livid over plans to plant the Stars and Stripes in Greenland. Until last year no one made hay of the fact that “Russian subs would circle Greenland,” Mr. Landry says, and “the whole time the Chinese would pluck rare earths out of the Western Hemisphere.” Only America, he added, can protect Greenlanders. Can the Europeans who claim ownership defend the resource-rich island?
As Denmark summons the American ambassador for a dressing down, here’s a fun statistic: The New York Police Department has 33,000 cops. The Danish army has 21,000 troops. Plus, too, remember that America was called to action once before, in 1940 when the Nazis occupied Denmark. Amid concerns that the island would fall under Hitler’s sway, America struck an agreement with the Danes and temporarily turned Greenland into a protectorate.
After the allies liberated Europe from the German occupation, America agreed to return Greenland to Denmark. Today the island’s autonomous government runs its internal affairs while Copenhagen is responsible for Greenland’s foreign affairs and defense. A local party won an election in April by promising Greenlanders a gradual separation from Denmark. “Our discussion should be with the actual people in Greenland,” Mr. Landry says.
Annexing “another country” is a stretch “even with an argument about international security,” Denmark’s prime minister, Mette Frederiksen, says. Yet is Greenland doomed to stay Danish? “It’s about an hour away from” America, and “three to four hours from the European continent,” Mr. Landry says. Per the Monroe doctrine, Mr. Trump seeks to protect the Western hemisphere, moving firepower to the Caribbean and now looking into Greenland.
Like Venezuela, Greenland has oil, which for now is the top fuel for the energy-hungry industries of tomorrow, even artificial intelligence. Other energy sources, and everything from iPhones to parts for F-35s, depend on rare earth minerals, which are abundant on the island. Communist China currently dominates that field, with 70 percent of rare earth mining and 90 percent of processing. Its companies are already in Greenland.
One hurdle to a Louisiana Purchase-type acquisition of Greenland would seem to be the objections of the islanders themselves. A poll earlier this year found some 85 percent oppose an American takeover. Too, Jefferson’s acquisition was a commercial transaction with the French, not a military operation. That precedent suggests Mr. Trump would be wise to dial back his assertion that America will “go as far as we have to go” to obtain control of the territory.
The Danes, too, claim international law is on their side. Without Greenland, America could risk being left behind in the competition with the Free World’s foes. America has troops in Greenland, but no sovereignty. Is the island too important to be handled by Eurocrats? It is, after all, a gateway to the North Pole, where global powers compete for dominance. We can imagine Jefferson would have leapt at the opportunity to peacefully acquire the island.
If hyperinflation is massive devaluation of currency, loss of confidence in currency, as well as massive debt, how can it be avoided?
I look at what is happening in the metals market, particularly silver, and it doesn’t look good. It seems to be warning of major changes on the horizon.
Easy. Leave the debt on the aggregate balance sheet to be serviced forever. QE is a tremendous success story, one in which everyone toils under a massive collective debt burden. All the while, the only ones who stay ahead are the income generating asset owners. The more of these assets one owns, the better off he is.
Don’t focus on gold and silver prices to conclude something. This is very common in the alt-finance shill community.
QE allows for all of the outstanding debt to be backstopped and kept in force. There is very little debt repudiation out there and quantitative easing allows all of this. Quantitative easing also allows the Federal Reserve to essentially backstop every financial sector.
The debt that must be serviced in perpetuity is highly deflationary. This offsets the highly inflationary forces. It’s all very clever.
The common man loses. He has been losing since 2008 and will continue to lose until YHVH in the flesh returns.
The future retirement that many of us are told about, is like a dangling carrot. I’ve worked with older people that often said they can’t wait to retire, get outta there and take it easy. Then they retired, but passed away about 2 years afterwards. That bothers me. I have to make a choice about the future with limited information and speculations. Life’s a gamble right? Take that ten cent gain instead of holding overnight. The present time is all we really have for sure.
That sounds about right. For me, I’ve chosen an endeavor, property management and real estate investing, that I can do until they zip me up in a body bag. My goal is to eventually hand over most of the daily stuff to professionals in a few years.
But I’m never going to fully retire. And like you said, so many people I have seen my age and older who have retired have died young. They are so used to working for someone and having a routine that the stress of the supposed easy life in retirement puts them in an early grave. These people don’t know what to do with themselves.
I also realize that my blog carries with it a sense of cognitive dissonance. On one hand, I dispense financial advice that is good for the long-term. Yet, on the other hand, I openly discuss a timeline that should be wrapping up soon.
I get that people can be confused, but I come from the frame of reference that we should plan for the financial future given what we know, what we recognize in front of us, and with the information that’s fully available.
I put it all into perspective and say that if what we think happens along this timeline toward the end, none of it will matter anyway. It won’t matter how much gold or silver we own. It won’t matter how many rental properties we control. It won’t matter how much cash we have in the mattress. None of it will really matter.
So, my financial plans are such that I am trying to raise my monthly cash flow as much as possible, intend on taking my social security at 62, and trying to be as financially detached as possible. Yes, I am a 60-year-old, so my objectives will be different than yours. I no longer take the risks I used to take. I hold my stock portfolios in index funds. I’m no longer going to speculate the way I used to when I was young.
I agree with you Stone. The whole idea here is to be as comfortable as possible until the end comes. I feel it will wrap up soon, but one should still invest and save so they won’t be broke in the last years. I feel the world is in hospice care right now.
Hospice and life support! It may soon die and be resurrected like Frankenstein or a Golem!
Looks like China will be setting the Silver price instead of New York or London. The paper fraud is being exposed.
Beware of the Jews who claim to know the truth, yet lead their readers and listeners down a bunch of dead-end red-herring paths.
They employ the logic fallacy of appealing to authority. They obsess about the supposed secrets of the talmud and get stuck analyzing the intentional deceptions of the Freemasons.
Hardly, I mean hardly, anyone knows the truth right now. One or two percent of the world’s population know what we know. That means 2.5 billion Christians and Edomite Catholics are completely in the dark.
My blog is for the 1 percenters.
Stone, I heard the fed stepped in to the tune of 17 billion to bail out the bullion banks yesterday. So the fed is willing to save the ” too big to fail” institutions again?
What are your thoughts on how this effects banking and the dollar? Could this be the spark that starts the inferno?
The Fed has been socializing losses by the trillions since 2008. What’s another $17 billion or $40 billion a month?
The dollar is falling into its longer term mid-90s USDX channel as the Fed announces the QE initiative again and USA, Inc. lowers its trade deficit.
All currencies are falling against gold, silver, Bitcoin, stocks, houses, the costs of items at the grocery store, medical care, college tuition, home services, Netflix streaming, electricity, car prices, computers, refrigerators, vinyl plank flooring, lumber, etc.
Latin American governments continue to shift right as World War 3 approaches. They have all been told of what is coming….
Trump-backed candidate Nasry Asfura declared winner of Honduras’ presidential vote
TEGUCIGALPA, Honduras (AP) – Trump-backed candidate Nasry Asfura won Honduras’ presidential election, electoral authorities said Wednesday afternoon, ending a weeks-long count that has whittled away at the credibility of the Central American nation’s fragile electoral system.
The election is continuing Latin America’s swing to the right, coming just a week after Chile chose the far-right politician José Antonio Kast as its next president.
Asfura, of the conservative National Party, received 40.27% of the vote in the Nov. 30 vote, edging out four-time candidate Salvador Nasralla of the conservative Liberal Party, who finished with 39.53% of the vote.
Honduras’ president-elect
The former mayor of Honduras’ capital Tegucigalpa, won in his second bid for the presidency, after he and Nasralla were neck-and-neck during a weeks-long vote count that fueled international concern.
On Tuesday night a number of electoral officials and candidates were already fighting and contesting the results of the election. Meanwhile, followers in Asfura’s campaign headquarters erupted into cheers.
Asfura, in a video statement released late Wednesday night, promised to be a unifying force for the Central American nation.
“Today, with deep gratitude, I accept the honor of being able to work for you. I extend my hand so we can walk together with determination to work tirelessly for Honduras. I will not fail you,” he said.
The results were a rebuke of the current leftist leader, and her governing democratic socialist Liberty and Re-foundation Party, known as LIBRE, whose candidate finished in a distant third place with 19.19% of the vote.
Trump takes a spotlight in Honduras
Secretary of State Marco Rubio congratulated Asfura on Wednesday, writing on a post on X: “The people of Honduras have spoken … (the Trump administration) looks forward to working with his administration to advance prosperity and security in our hemisphere.”
The European Union and a number of right-leading leaders across Latin America, namely Trump-ally Argentine President Javier Milei, also congratulated the politician.
Asfura ran as a pragmatic politician, pointing to his popular infrastructure projects in the capital. Trump endorsed the 67-year-old conservative just days before the vote, saying he was the only Honduran candidate the U.S. administration would work with.
Nasralla has for weeks alleged the election was fraudulent, and said Wednesday that electoral authorities who announced the results “betrayed the Honduran people.”
On Tuesday night, he also addressed Trump in a post on X, writing: “Mr. President, your endorsed candidate in Honduras is complicit in silencing the votes of our citizens. If he is truly worthy of your backing, if his hands are clean, if he has nothing to fear, then why doesn’t he allow for every vote to be counted?”
He and other opponents of Asfura have maintained that Trump’s last-minute endorsement was an act of electoral interference that ultimately swung the results of the vote.
A chaotic election
The unexpectedly tumultuous election was also marred by a sluggish vote count, which fueled even more accusations.
The Central American nation was stuck in limbo for more than three weeks as vote counting by electoral authorities lagged, and at one point was paralyzed after a special count of final vote tallies was called, fueling warnings by international leaders.
After expressing democratic concern about the lack of results days before, Organization of American States Secretary General Albert Rambin wrote Wednesday on X that the OAS “takes note” of the results announced and noted it is “closely following events in Honduras.”
It also condemned electoral authorities for announcing the results while the final .07% of votes were still being counted.
A rightward shift in Latin America
For the incumbent, progressive President Xiomara Castro, the election marked a political reckoning. She was elected in 2021 on a promise to reduce violence and root out corruption.
She was among a group of progressive leaders in Latin American who were elected on a hopeful message of change around five years ago but are now being cast out after failing to deliver on their visions. Castro said last week that she would accept the results of the elections even after she claimed that Trump’s actions in the election amounted to an “electoral coup.”
But Eric Olson, an independent international observer during the Honduran election with the Seattle International Foundation, said the rejection of Castro and her party was so definitive that they had little room to contest the results.
“Very few people, even within LIBRE, believe they won the election. What they will say is there’s been fraud, that there has been intervention by Donald Trump, that we we should tear up the elections and vote again,” Olson said. “But they’re not saying ‘we won the elections.’ It’s pretty clear they did not.”
Let’s get Mexico in line too!
US Launches Strikes Against “Terrorist Scum” In Nigeria reads the headline. This better not be used as an excuse to bring more darkies into America, but it probably will.
It sounds like an excuse for Japheth to go up to the land of unwalled villages.
Trump is off his leash. Though I suspect he’s just marching to a piece of sheet music.
True! The author of the piece? SOS!
The metals do seem to be flagging a major reset in the financial system, which we know is coming, and even at the door. At some point, failure to deliver will cause a major panic probably starting with silver and working it’s way into all commodities.
Revelation 6 5-6 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
A penny here represents a days wages. Sounds like hyper inflation!
The situation feels more like a rinse and repeat of the great depression. The Greater Depression. Shortages, evictions, stagflation, war. I feel like they don’t need hyperinflation like Germany or Russia had because they have already consolidated and debt stole the assets. Maybe I am wrong who knows. Better stock up on shit tickets either way.
Hyperinflation is a thing of the past. I agree with you. The creation of virtually unlimited debt solved the issue about stealing the assets. It was all very clever. QE has been a smashing success.