|
|
Post by Entendance on Jan 1, 2024 9:35:52 GMT -5
  How do we know when the Wall Street mouthpieces on financial TV are 'talking their book', a euphemism for lying? Their lips are moving.
As for the purveyors of the message, those paid to spread it? As one of the spokesmodels said to those devastated by the frauds in the aftermath of the dotcom bubble: 'Well, no one made you buy stocks.'
They do not care. Truth and your well-being is not their job. 'Hate the game, not the player.' It's not personal, it's just business.
Right. Keep that one in mind.Rough seas ahead as illusions fade. -Jesse
The Entendance Beach Policy:
The praetor does not concern himself with trifles.
Il pretore non si occupa di cose di poca importanza.
|
|
|
|
Post by Entendance on Jan 9, 2024 2:14:03 GMT -5
Everything is coming up roses. If we say it is.
And if you say otherwise, we'll just ignore you, or shut you up.
We seem to be stiff-necked and reality-optional, deluded by our power, which is a deadly combination.
And so we mount aloft, without a second thought or care, higher and higher—defiant.
For who is like unto the beast. Who is able to war with him.
The madness serves none but itself. - Jesse
|
|
|
|
Post by Entendance on Jan 17, 2024 2:46:12 GMT -5
'...The way they maintain fiction is they bring almost none of their companies to market,” Eileen Appelbaum, Co-Director of the Center for Economic and Policy Research said. “If any of these funds brought them to market they’d have to reevaluate all the companies in the portfolio.”
Mikkel Svenstrup, CIO of Danish pension fund ATP has already said all the circular deals put PE firms in danger of becoming “pyramid schemes.”
“Everyone can see it’s just financial engineering,” Hooke adds. “But all the people who work at these pension funds and investment vehicles need to justify their existence.”
“PE funds have more money than ever before,” Appelbaum adds. “But the future isn’t bright for investors.”...
H/T Tom from Florida
Combined net worth of nation's most prominent billionaires wouldn't cover a single year's interest payment, analysis shows
The “Transitory Inflation” Myth
|
|
|
|
Post by Entendance on Jan 20, 2024 5:11:56 GMT -5
 BEWARE!
|
|
|
|
Post by Entendance on Jan 24, 2024 3:27:09 GMT -5
↕️ 'To read main stream media headlines, one would think that the Federal Reserve Inspector General’s Office has exonerated former Dallas Fed President Robert Kaplan of any legal action for trading like a hedge fund kingpin while he was privy to insider information at the Fed...'
|
|
|
|
Post by Entendance on Jan 28, 2024 1:11:14 GMT -5
Supply & Increased Demand
Preservation Of Value
Zero Counterparty Risk
Safe Haven Asset
|
|
|
|
Post by Entendance on Jan 31, 2024 2:42:38 GMT -5
'Powell’s press conferences that follow the FOMC meetings are somewhere between a hoot and a mess, because the reporters are trying by hook or crook, with often inane questions and speculative scenarios, to get Powell to say something that, when read in between the lines, could be twisted into “Powell was dovish,” which has been standard operating procedure for the past 18 months.
So, while we wait for the “Powell was dovish” commentary to come out of the woodwork, I have created a cocktail that consists of quotes of what Powell said, and summaries of what he said, at today’s post-meeting press conference concerning inflation and rate cuts, all mixed together, stirred, not shaken, and served with a smile...' Here’s my Powell Cocktail, Not Quite in his Own Words
The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris...
|
|
|
|
Post by Entendance on Feb 2, 2024 11:09:48 GMT -5
|
|
|
|
Post by Entendance on Feb 7, 2024 4:11:48 GMT -5
|
|
|
|
Post by Entendance on Feb 13, 2024 3:29:14 GMT -5
CPI Inflation Report: the experts again did not see this one coming as the January CPI inflation report came in worse than they expected  |
|
|
|
Post by Entendance on Feb 17, 2024 5:51:12 GMT -5
|
|
|
|
Post by Entendance on Feb 22, 2024 17:50:25 GMT -5
In this critically important Gold Matters discussion, VON GREYERZ principals, Egon von Greyerz and Matthew Piepenburg, place the enormous risks of the current U.S. equity bubble within the much-needed context of unprecedented global economic factors.
Egon opens the discussion with a brief review of the unprecedented string-cite of global geopolitical, social, economic and debt risks. From a preventable and escalating land war in the Ukraine to conflicts in Gaza and the broader Arab world to nose-bleed global debt levels in the backdrop of now undeniable social tensions and de-dollarization, the need to be realistic rather than just “negative” is of common-sense importance. As we head into a year already marked by such massive fissures, any attempt to gloss over these facts with an S&P making record highs would be missing the forest for the trees. In fact, the current U.S. bubble is far more of a dangerous rather than safe indicator when placed into needed context.
Toward this end, Matt speaks to something all-too familiar, having managed a hedge fund as well as a family office during prior asset bubbles. Matt gives particular attention to the overt risk indicators of the current S&P bubble, which teeters on the twin edge of unprecedented concentration and over-valuation metrics.
Matt’s perspective is not theoretical, but hands-on, as he explains how the current asset bubble, like the dot.com bubble of 2000, is in fact driven by the same fundamentals. He compares the Magnificent 7 to equally profitable and “good” names like the Microsoft, Cisco and Qualcomm of 1999-2000, noting that such otherwise profitable companies rising on margin growth eventually experience inevitable contraction in net income once price, volume and cost advantages trend negatively. No one, of course, can time such shifts, but “this time is NOT different,” as all such bubbles end the same: They pop.
What makes the current bubble (AI mania) so much more dangerous, however, is that it is led by 5-7 names, and when they mean-revert, as all over-valued companies do, there’s nothing left to prop the S&P. In short, when these names fall, everything falls with it, and this time around, the entire global economy is already on its knees. This is bad.
Egon closes the conversation with his own, and equally hands-on, perspective of investing through asset cycles and bubbles, offering needed insights on the risks, as well as lessons, of prior manias. Naturally, the conversation turns to real money and real assets, namely the far less “maniacal” gold. As the foregoing risks continue their exponential growth, gold rewards the far-sighted investor in obvious ways not otherwise understood by speculators. Matt, though not averse to the speculative mind-set, warns of the seductive appeal of chasing (and buying tops) and makes an equally straightforward case for gold in a world losing perspective.
H/T Tom from Florida
|
|
|
|
Post by Entendance on Feb 24, 2024 3:48:54 GMT -5
Stop, Stop, Stop …Printing! Consumer Purchasing Power Down 97% Since Fed Creation (1913) And Down 16% Under Biden (M2 Money Velocity And Debt Velocity STINK!) H/T Tom from Florida
We Have a Boom in Reverse Stock Splits to Keep the Ballooning Imploded Stocks Listed a While Longer:
|
|
|
|
Post by Entendance on Feb 28, 2024 11:13:02 GMT -5
In Q4 2023, nominal GDP grew by 3.2% according to data this morning.
This would mean a $334.5 billion increase in nominal GDP.
Meanwhile, over the same time period the US added $834.2 billion of debt.
In other words, it cost us $2.50 of debt for every $1.00 of GDP last quarter.
As Fed Chair Powell recently said, "we are on an unsustainable fiscal path."
What's the long term plan here? -The Kobeissi Letter
BlackRock and Vanguard by 2028 will own 20 trillion dollars – about a fifth of the World's GDP
BlackRock / Vanguard / State Street are also the powers behind the power – most often invisible
“Who Owns the World?” A Small Group of Big Money
|
|
|
|
Post by Entendance on Mar 2, 2024 3:16:06 GMT -5
|
|
|
|
Post by Entendance on Mar 5, 2024 2:48:18 GMT -5
40:37 Evidence This Could Be A Blow-Off Top
|
|
|
|
Post by Entendance on Mar 6, 2024 4:37:25 GMT -5
In a bit more than four hours, Bitcoin lost nearly $10,000. While Bitcoin is up from its lows of the day, the Bitcoin Mining Stocks continued to get taken to the woodshed. Marathon Digital, the largest Bitcoin miner, saw its share price decline another 13%
|
|
|
|
Post by Entendance on Mar 8, 2024 3:46:28 GMT -5
In a speculative market, what counts is imagination and not analysts. -Benjamin Graham
H/T Tom from Florida
|
|
|
|
Post by Entendance on Mar 9, 2024 5:22:54 GMT -5
 Eventual Financial Death Spiral Now Imminent – John Rubino
|
|
|
|
Post by Entendance on Mar 12, 2024 2:35:03 GMT -5
For years now, too many leaders on Wall Street and Washington either looked the other way or blindly supported the crypto industry as it worked relentlessly to infiltrate our financial system and rewrite the laws and rules to benefit their special interests. This was all greased by tens of millions of dollars in campaign contributions and lobbying, including by too many former public officials selling out their public service and engaging in influence peddling.
Leaders (including regulators at the CFTC, elected officials in Congress, and blue-chip venture capital firms) who should have known better simply accepted the pixie dust of “innovation,” the fairytale of crypto riches, and FTX founder Sam Bankman-Fried’s claimed “vision.” They did so without doing the most basic due diligence or asking the most obvious questions if they thought it would make them rich or were already on FTX’s payroll directly or indirectly...
FDIC Data Contradicts Fed Chair Powell: Shows Real Estate Problems Have Skyrocketed at Largest U.S. Banks, Not the Smaller Regionals
It's like state sponsored financial terrorism on all of us meanwhile these bitcoin chip coins are all backed by Fiat through the debt, ROTFLMAO these morons take on to buy more bitcoin Now they want corporations to put the bitcoin on the balance sheet 
Tom from Florida: 'The Bitcoin Bandits are out in FULL force! I just can't believe they are allowing this Spectacle to continue. This guy Mike SAYLOR is on national TV Pumping the Bitcoin As if there is no risk here.
The Hunt Brothers tried this similar Cornering game but put their own money up With full accountability
www.economicpolicyjournal.com/2015/03/today-is-35th-anniversary-of-amazing.html#more
and they got hammered by the US government. These fugazies borrow tons of money offshore in various unregulated domiciles and buy a nonexisting asset that goes up in price which allows them to leverage more In an unsecured non recourse manner and the government / regulators stand aside, why? ..... How could it not drive you crazy? And now anyone not in this contrived fraud is being performance shamed with the added pressure of Fomo. I guess I will be waiting for Bitcoins own March 27th! '
|
|
|
|
Post by Entendance on Mar 15, 2024 0:55:50 GMT -5
More inflation may be coming very soon. Even sooner if the Fed decides to lower interest rates.
What the Fed once thought was “transitory” is about become a long-term moment…
 It seems to me that there is blood in the water here. The sharks are coming...They can see the kill. They want a feast. And they fucking deserve it...
 Analogs to the Mousehole of Inelastic Supply:
1. Wave of SPAC IPOs in 2021 that also had tiny share floats.
2. Gamestop/Meme Stonks craze in 2021 that also resulted from thin floats exacerbated by high short interest.
3. BTC’s mathematically engineered Supply Inelasticity through its “halving” cycles.
4. Crypto/NFT’s artificially engineered Supply Inelasticity.
5. Passive Investing also reduces the freely traded float of the underlying Risk Asset, thereby making it more and more Supply Inelastic with net passive inflows.
Note the presence of Passive Investing in both categories and the inherent reflexivity that it implies from both pushing Demand and increasing Supply Inelasticity.
Institutionalizing the Elephant Through A Mousehole
|
|
|
|
Post by Entendance on Mar 16, 2024 5:43:21 GMT -5
|
|
|
|
Post by Entendance on Mar 19, 2024 2:30:16 GMT -5
|
|
|
|
Post by Entendance on Mar 20, 2024 12:42:03 GMT -5
- Gold and silver prices, central banks' accumulation, and the potential for a global currency reset. (0:00)
- Gold, silver and the potential for a gold-backed BRICS currency. (3:08)
- New currency and commodity price setting mechanism. (8:03)
- Financial manipulation and the rise of the BRICS nations. (14:25)
- Precious metals market and global economic trends. (21:31)
- Economic collapse in Europe and the US. (24:14)
- Economic crisis, inflation, and food shortages. (28:56)
- Banking industry vulnerabilities and potential collapse. (33:57)
- Economic collapse and its impact. (38:23)
- Gold and blockchain as a hedge against dollar collapse. (42:59)
- The potential replacement of the US dollar as a global reserve currency. (46:51)
- Gold backs as off-grid money. (52:54) |
|
|
|
Post by Entendance on Mar 21, 2024 2:45:45 GMT -5
The lie is comfortable, an illusion easy to live with, familiar, and safe. -Jesse, Western Elite Are in the Firm Grip of Fear, Fraud, and Denial, 16 May 2010
Google Censorship: AI Run Amok Threatens Demonetization Over a Navigation Page with No Ads, An Article on a Foreign Policy Best-Seller Deemed Anti-Vaxx, and More Flagrant Errors
|
|
|
|
Post by Entendance on Mar 23, 2024 5:35:54 GMT -5
|
|
|
|
Post by Entendance on Mar 26, 2024 4:34:57 GMT -5
|
|
|
|
Post by Entendance on Mar 27, 2024 9:42:19 GMT -5
|
|
|
|
Post by Entendance on Mar 30, 2024 4:55:06 GMT -5
Ukraine Was Testing Ground for Western Big Pharma - Documents
Consumer Spending on Services, even Adjusted for Inflation, is Red-Hot
|
|
|
|
Post by Entendance on Apr 3, 2024 3:13:46 GMT -5
|
|
World Container➡️
The Beach & 
Reporters Who Ask Tough Questions at Fed Press Conferences 
Stop financing your enemy!
Karl Denninger: Rate Cuts? 
Swiss central bank 
The Beach & 
