Market news n°38
Hey! It has been a really long time since I posted something like this, over a year.
Now a lot is happening or about to happen so here we go!
This is mostly me bashing the us dollar, brace yourselves.
> Gold is angry with 3 white soldiers after testing long term support
***********************
Gold bounced on its long term moving averages and a convenient trendline, there are 3 white soldiers on the monthly chart.
As US dollar loses some of its exagerated priviledge - I will talk about that a lot in this post - gold sends a clear message: "I am still here".
Countries the most interested in gold are China and Russia which both do an enormous amount of international trade and have surplus.
In the list of countries by surplus China is third with 141 billion (this is from 2019) and Russia nb 6 with 65 billion. The last of 200+ countries is of course the USA at -500 billion dollars a year. Canada, the UK are also down there in the list of suckers, France is there too. Germany is number 1, they are the big winners far above China.
If the ponzi scheme (you know what I am talking about) takes a serious hit, people with money are not going to look into complicated mixes of currencies or complex financial products, and even less in "revolutions" such as Bitcoin (people with money = boomers). By default it will be gold. And once gold makes a new high it can feed on itself and go higher until it goes higher (hope turns to thrill etc) eventually ending up a bubble with all the speculative suckers pushing it much higher. This is going to be fun. One day I'll be a bear on gold after being a bull for years. But I will never become a bull on Bitcoin (except very short term, maybe).
> FT: "Great power conflict puts the dollar’s privilege under threat"
***********************
The Financial Times published a piece about what I would like to call WW3 leading to further reducing the overwhelming priviledge of the USD.
ft.com/content/3e05b491-d781-4865-b0f7-777bc95ebf71
Several major countries are opposing the USA both militarily and financially, Russia and China, and even France has disagreed (with their masters) for the first time in a really long time (I won't lie I do not remember he details), and Germany refuses to send main battle tanks if the USA won't.
Poland got mad and wants to buy from South Korea and was it Turkey? Russia is getting weapons from Afghanistan and Iran.
Maybe US-defying France starts selling warships to Russia again? Or the subs Australia cancelled... (France is the third largest weapons exporter in the world).
Russia reserves and trade surplus hit records (sanctions seem useful), Saudi Arabia recently declared it was accepting other currencies than the USD, Turkey seems to have slightly distanced itself from NATO, the balkans are getting all excited, big things happening all over the world.
A few months ago Scholz and Macron, Germany chancellor and France president, threatened trade retaliation against Biden. Little by little, the world is getting less unipolar.
> Brazil and Argentina will announce they are making a new currency
***********************
My schizo sources (they are reliable) let me know there is a conspiracy by Argentina and Brazil to create a new currency to decrease their dependency on the US dollar and they will announce it soon, hey wait don't leave! Here is a trusted source: ft.com/content/5347d263-7f24-4966-8da4-79485d1287b4
Just another step towards a world less centered around the USA following Russia and China accepting all sorts of currencies to settle trades, I think they are accepting rupees and UAE Dirhams.
The Brazilian Real is flatlining now, I wonder if the market is waiting for these news?
I do not think there is much to consider about this for now, but let's see what happens this week when the announcement gets made.
Trust in the USD is diminishing... This will come a few days after they hit the debt ceiling again. Hey, but this time it's the last for real! Says a fool.
> US bank regulator warns some US banks are "too big to manage"
***********************
The head of the Office of the Comptroller of the Currency warned that some banks are “too big to manage”.
Source: occ.treas.gov/news-issuances/news-releases/2023/nr-occ-2023-7.html
I personally think they are a huge risk, maybe as big or even bigger than 15 years ago, and clearly they have too much power, both internally and internationally. Mega banks and mega funds have too much control of the stock market making it a complete pyramid scheme meant to make them richer and honest workers poorer, there is nothing more to it now. The inequality is getting worse than in 1929. People under 40 have absolutely no future, no way of buying a home, no way of paying the bills, can't have children. Left-wingers (not centrists, actual leftists) and right-wingers are divided and hate each other, for now... The USA is accumulating problems making the USD a bit less safe every day.
> US: Inflation came from high profits, far-left terrorism skyrocketing
***********************
Western 15 to 55 year old population continues to get walked over by richer and richer boomers, and we even learned that corporate profits are what made inflation so bad. Rich, greedy wealthy overweight men shamelessly filling their fat purses while life gets harder and harder for the rest.
I do not think they recognize the threat because they are really "taking liberties". Here is an article by forbes about these record profits made on our backs:
forbes.com/sites/errolschweizer/2022/09/12/how-profit-inflation-made-your-groceries-so-damn-expensive/?sh=924a37b2eb96
This is yet another thing contributing to anger, and this anger is starting to seriously lead to deaths, as left-wing extremists are getting violent, and harder for authorities to ignore. The mainstream media is not reporting this, or barely, but there are people making autonomous zones and shooting and killing cops. To find out about these stories you have to skip the media and go to forums and official sites I guess such as this: gbi.georgia.gov/press-releases/2022-12-14/five-arrested-domestic-terrorism-charges-site-future-atlanta-public
> Elon Musk manipulation: He might be planning on running for president
***********************
As I explained in the past, Elon Musk emotionally manipulated (mostly) left-wingers to make a lot of money, with tactics such as:
1- Visualisation and greed: "Imagine when Telsa will possess the entire world's car market and be worth trillions, the same thing get rich quick scammers use "imagine yourself with millions of dollars sitting on a beach trading from your laptop" to make people feel good about throwing money at them,
2- Social Virtue Signaling: Primitive people get some feel-good chemical reaction going on in their limbic system when they feel they are able to show off and show everyone they are good boys, such as when they buy "clean" vehicles,
3- Belongingness and feeling accomplished: He told his workers that if they worked for him "You are a part of something great, you are playing a part of history" and "this will definitely work out". To date, the only person for who "this has worked out" is Elon Musk.
And now he is telling (mostly) right-wingers what they want to hear, because he would love to announce he is running for president. He started acting as their savior with twitter, he is making single line simple to understand common sense claims to make them "feel understood". They will be left disappointed just like Tesla bagholders. Where Elon walks, the grass does not grow again.
Now a lot is happening or about to happen so here we go!
This is mostly me bashing the us dollar, brace yourselves.
> Gold is angry with 3 white soldiers after testing long term support
***********************
Gold bounced on its long term moving averages and a convenient trendline, there are 3 white soldiers on the monthly chart.
As US dollar loses some of its exagerated priviledge - I will talk about that a lot in this post - gold sends a clear message: "I am still here".
Countries the most interested in gold are China and Russia which both do an enormous amount of international trade and have surplus.
In the list of countries by surplus China is third with 141 billion (this is from 2019) and Russia nb 6 with 65 billion. The last of 200+ countries is of course the USA at -500 billion dollars a year. Canada, the UK are also down there in the list of suckers, France is there too. Germany is number 1, they are the big winners far above China.
If the ponzi scheme (you know what I am talking about) takes a serious hit, people with money are not going to look into complicated mixes of currencies or complex financial products, and even less in "revolutions" such as Bitcoin (people with money = boomers). By default it will be gold. And once gold makes a new high it can feed on itself and go higher until it goes higher (hope turns to thrill etc) eventually ending up a bubble with all the speculative suckers pushing it much higher. This is going to be fun. One day I'll be a bear on gold after being a bull for years. But I will never become a bull on Bitcoin (except very short term, maybe).
> FT: "Great power conflict puts the dollar’s privilege under threat"
***********************
The Financial Times published a piece about what I would like to call WW3 leading to further reducing the overwhelming priviledge of the USD.
ft.com/content/3e05b491-d781-4865-b0f7-777bc95ebf71
Several major countries are opposing the USA both militarily and financially, Russia and China, and even France has disagreed (with their masters) for the first time in a really long time (I won't lie I do not remember he details), and Germany refuses to send main battle tanks if the USA won't.
Poland got mad and wants to buy from South Korea and was it Turkey? Russia is getting weapons from Afghanistan and Iran.
Maybe US-defying France starts selling warships to Russia again? Or the subs Australia cancelled... (France is the third largest weapons exporter in the world).
Russia reserves and trade surplus hit records (sanctions seem useful), Saudi Arabia recently declared it was accepting other currencies than the USD, Turkey seems to have slightly distanced itself from NATO, the balkans are getting all excited, big things happening all over the world.
A few months ago Scholz and Macron, Germany chancellor and France president, threatened trade retaliation against Biden. Little by little, the world is getting less unipolar.
> Brazil and Argentina will announce they are making a new currency
***********************
My schizo sources (they are reliable) let me know there is a conspiracy by Argentina and Brazil to create a new currency to decrease their dependency on the US dollar and they will announce it soon, hey wait don't leave! Here is a trusted source: ft.com/content/5347d263-7f24-4966-8da4-79485d1287b4
Just another step towards a world less centered around the USA following Russia and China accepting all sorts of currencies to settle trades, I think they are accepting rupees and UAE Dirhams.
The Brazilian Real is flatlining now, I wonder if the market is waiting for these news?
I do not think there is much to consider about this for now, but let's see what happens this week when the announcement gets made.
Trust in the USD is diminishing... This will come a few days after they hit the debt ceiling again. Hey, but this time it's the last for real! Says a fool.
> US bank regulator warns some US banks are "too big to manage"
***********************
The head of the Office of the Comptroller of the Currency warned that some banks are “too big to manage”.
Source: occ.treas.gov/news-issuances/news-releases/2023/nr-occ-2023-7.html
I personally think they are a huge risk, maybe as big or even bigger than 15 years ago, and clearly they have too much power, both internally and internationally. Mega banks and mega funds have too much control of the stock market making it a complete pyramid scheme meant to make them richer and honest workers poorer, there is nothing more to it now. The inequality is getting worse than in 1929. People under 40 have absolutely no future, no way of buying a home, no way of paying the bills, can't have children. Left-wingers (not centrists, actual leftists) and right-wingers are divided and hate each other, for now... The USA is accumulating problems making the USD a bit less safe every day.
> US: Inflation came from high profits, far-left terrorism skyrocketing
***********************
Western 15 to 55 year old population continues to get walked over by richer and richer boomers, and we even learned that corporate profits are what made inflation so bad. Rich, greedy wealthy overweight men shamelessly filling their fat purses while life gets harder and harder for the rest.
I do not think they recognize the threat because they are really "taking liberties". Here is an article by forbes about these record profits made on our backs:
forbes.com/sites/errolschweizer/2022/09/12/how-profit-inflation-made-your-groceries-so-damn-expensive/?sh=924a37b2eb96
This is yet another thing contributing to anger, and this anger is starting to seriously lead to deaths, as left-wing extremists are getting violent, and harder for authorities to ignore. The mainstream media is not reporting this, or barely, but there are people making autonomous zones and shooting and killing cops. To find out about these stories you have to skip the media and go to forums and official sites I guess such as this: gbi.georgia.gov/press-releases/2022-12-14/five-arrested-domestic-terrorism-charges-site-future-atlanta-public
> Elon Musk manipulation: He might be planning on running for president
***********************
As I explained in the past, Elon Musk emotionally manipulated (mostly) left-wingers to make a lot of money, with tactics such as:
1- Visualisation and greed: "Imagine when Telsa will possess the entire world's car market and be worth trillions, the same thing get rich quick scammers use "imagine yourself with millions of dollars sitting on a beach trading from your laptop" to make people feel good about throwing money at them,
2- Social Virtue Signaling: Primitive people get some feel-good chemical reaction going on in their limbic system when they feel they are able to show off and show everyone they are good boys, such as when they buy "clean" vehicles,
3- Belongingness and feeling accomplished: He told his workers that if they worked for him "You are a part of something great, you are playing a part of history" and "this will definitely work out". To date, the only person for who "this has worked out" is Elon Musk.
And now he is telling (mostly) right-wingers what they want to hear, because he would love to announce he is running for president. He started acting as their savior with twitter, he is making single line simple to understand common sense claims to make them "feel understood". They will be left disappointed just like Tesla bagholders. Where Elon walks, the grass does not grow again.
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