(Today’s video may have some background noise likely created by my sound card in it. I will have to determine the cause and correct it as I can. I do apologize for that.) Daily set-up posts will begin here on Monday, November 14, 2022.
What I would like those of you who want to look at are the technical projections I have made on a daily basis in the video itself. It shows how MNQZ22 could head anywhere from the best bullish level, from 12921.50 to right around 13,000, all the way back to perhaps the worst bearish first target of 9225.25. There is still, if bearishness persists, the possibility of that 8087 low I mentioned last week, with the major monthly VWAP line for support at 7263.25 still remotely possible. Check the video out for that.
And now onto today’s quite serious discussion. Many of you out there won’t like this, but I want to present it as an exercise to get you to think, which many of you will not do because what is presented is so negative. Negativity is a part of reality if that reality is fact-based. Currently, it really is, save for a few lost pieces of data at the edges.
Why Do I Continue To Be Bearish On US Equity, Bonds, And Other Markets Generally?
Let me count the ways:
The Biden Administration Continues To Persist In Creating Energy Shortages In The Psychotic Notion Of A Quick Transition From Hydrocarbons To Non-Baseloadable and Non-Scalable “Renewable” Energy Sources. I discussed that last week in my previous blog post. The diesel oil shortages will begin to have major negative impacts on the economy as this year ends and 2023 begins. It will disrupt the domestic supply chain for everything from food to gasoline, driving consumer prices higher!
As shown on the first page of http://www.shadowstats.com/ (Shadowstats dot com), real inflation has not really moderated at all, even though markets seemingly “showed jubilation” over a minor tick down in overall inflation. The improvement in GDP was basically created by selling off the Strategic Petroleum Reserve, net-net, as the rest of the economy begins to slow.
As the Wall Street Journal article linked in the previous point indicates, costs will continue to rise as rates rise as the cost of lines of credit begins to increase as already-below-normal-inflation rate rates of interest rise along with the Fed funds rate. As the U.S. Dollar strengthens, earnings estimates as we move into Q4 2022 and beyond are dropping.
I think supply chain disruptions created by the current Executive Branch’s suicidal energy policies are going to cause tumult for the U.S. economy in 2023, but there is something even more sinister afoot that no corporate/fascist media outlet in the USA wants to discuss. Don’t worry, I WILL.
The Spectre Of The End Of The US Dollar As The World Reserve Currency Is Indeed Upon Us
One important event happened in the USA in March, and another happens in December.
The March event was President Biden’s signing of Executive Order 14067 and the vent in December is the PRC’s Chairman Xi meeting with Saudi Arabian leadership regarding crude oil sales and domestic ties on defense items and strategic policy between the two nations.
Why is that important? Because during Biden’s “fist bump” session with Saudi Crown Prince Mohammed bin Salman, one of the things that disappeared was the Saudi’s commitment to price oil exclusively in U.S. Dollars, meaning that the petrodollar as we had known it since 1971 was dead on arrival. That means that in all trade, the US Dollar no longer has an exclusive claim to be backed by Saudi oil exports, which gives the U.S. Dollar economic heft, and allowed it to print money endlessly under such insane schemes as “modern monetary theory”.
What is more important than that is that the BRICS (Brazil Russia India China and South Africa) are intent upon doing is to create a currency that is commodity-and-precious metals-backed to trade with each other and other nations to create better price stability that has been in place for nearly a century on the SWIFT system, which is US-Dollar-based.
The key thing to realize folks is without the backing of Saudi oil payments, the US dollar is as worthless as wet toilet tissue. What is even more troubling than that? As you can see on this Reddit map, most of the oil-producing nations, including Iran, and one of America’s major trading partners, Mexico, want to JOIN THIS SYSTEM (There is an article for this map to verify its authenticity which is not working currently. I will endeavor to find its alternative and link it here).
What does that mean for America? It no longer can print money at will, as the US Dollar no longer has collateral value in oil or commodity trade around the world. If we continue to print money, which we still are, hyperinflation of the kind we have never seen, even in revolutionary times, will be the ultimate result. Your standard of living will dramatically decrease also. Why? Because every commodity you purchase will no longer be based in US Dollars, whether it is you or an industrial customer doing the purchase. It will fluctuate in price on world markets like other weaker currencies like the Australian dollar or other third-world currencies. Life will become unbearably more expensive than it has ever been before also.
Now let’s get to Executive Order 14067. That is called “Ensuring Responsible Development of Digital Assets”. As my redneck friends might ask,”what the the HELL does that mean? It means two things, primarily, a national digital ID system and a central bank digital currency.
I know you don’t want to do it, but instead of my writing for hours on end, I want you to listen to this podcast, and focus on what is said from about 10:30 seconds in and beyond to the end. To get the full context though, do yourself a favor and listen to ALL OF IT. What is important is that Biden (and likely the entire leadership of the Democratic and Republican mainstream fascist core that I call the Uniparty) want control of your ability to move, transact business, spend money, and your power of free speech and political and social associations. Just like in the People’s Republic of China, they want to control every element of your life, PERIOD, through a social credit system. FedNOW, the nation’s new central bank digital currency (CBDC), and your Federal ID combined, would make it impossible ever again to make a private transaction. That transaction would be programmable via the CBDC. As Bo Li, IMF Deputy Chairman, mentions beginning at 10:38 of the linked podcast, the programmable CBDC could control who can buy such essential items as food and clothing. It would be the decision of the government and the fascist corporation to allow the purchase to be made.
I will not have time to delve into what happened with FTX today but suffice it to say, even this looks like a false flag operation designed to harken the beginning of CBDC worldwide, ending private cryptocurrencies forever. Even investor and crypto-loser Mr. Wonderful, Kevin O’Leary shamelessly cries for regulation, after losing his ass(ets) in FTX.
Why do I say the FTX collapse was a false flag? Sam Bankman-Fried was the largest donor to President Joe Biden’s campaign after George Soros. He basically is tied to the Democratic National Committee at the hip. It now appears that huge unexplained outflows left FTX before the collapse. This could be indeed a money laundering operation involving Ukraine on behalf of their war effort or on behalf of the Democratic National Committee, given the misdeeds of the Biden father-son team now being investigated.
Though it is reported that Bankman-Fried was headed to Argentina, fleeing the USA, he is reported to still be in the Bahamas. Will he be prosecuted for this mess? Who knows? Is this Ukraine charity likely a money laundering scheme? Probably only Bankman-Fried and Biden’s team know for sure. It is this seemingly forced collapse of major crypto exchanges that could be used to usher in FedNow.
As I side note for all of you Ukrainian flag placard wearers in social media land, I want you to see something. What the naive reporter doesn’t understand is that large elements of World-War-II-style neo-Nazis, including George Soros, are a part of Zalenskyy’s government. It is not just a decoration. If you want to know why then do yourself a favor and watch Ukraine On Fire. Stop being a tool of one of the three fascist participants (two of which have anti-semites among them, Russia and Ukraine). Ukraine is one of the most corrupt countries on earth, and like the United States, Zalenskyy censors his rivals and also executes them. That is not a “good look” for YOUR support of so-called “freedom fighters”. Freedom fighters do not wear the emblem of Hitler’s SS Dirlewanger Brigade.
I am done writing for now. We face some harrowing economic challenges from the Federal government this year, let alone the economy. Let us all hope that sane patriotic Americans can defeat the cancerous influence of globalist leaders both domestically and abroad.
As always, THANKS FOR SUPPORTING THIS BLOG! It continues to grow in readership because of YOU!
