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    Full Employment, All’s Fair in Love and War

    Weekly Market Commentary November 5 2021
    by davefairtex

    Sunday, November 7, 2021, 7:42 PM

This week’s economic data:

  • Payrolls: +531k headline, reasonably positive
  • Auto/Light Truck Sales: +5.96% m/m, -26.3% y/y; heavy truck sales +9.025 m/m. Slight recovery.

Wolf goes into more detail about the payrolls numbers. My summary:

https://wolfstreet.com/2021/11/05/jobs-data-shows-something-big-changed-in-this-monstrously-overstimulated-economy/

  • Consumer spending surpassed its pre-pandemic record in Q1 2021
  • Private investment in buildings, equipment, and the like started setting new records in Q4 last year.
  • Retail spending has been blowing out every record all year.
  • The number of people actually working to accomplish these feats is down by 4.7 million.

That is: a lot fewer workers (= less production) + a lot more income & spending = inflation.

There was a Fed meeting this week. Powell, after getting feedback from the nation that nobody is buying “inflation is transitory”, switched direction. Instead of focusing on “inflation” (which is pretty clearly not transitory), the Fed will now be focused on “full employment.” Which is to say, “we are no longer pretending to care about inflation.” Does this mean the Fed won’t raise rates until those 4.7 million people get re-hired? Which would be “full employment?” That’s what it sounded like to me. “Transitory Inflation!” is now “Full Employment!” The Fed has signed up to continue destroying the value of the buck until everyone has a job! Or something like that. I’m exaggerating, but not by much.

The Fed has decided to slowly taper their money-printing operation by $15 billion per month, starting next month. That means that theoretically there will be no more money printing by mid-2022. Market is predicting two rate increases in 2022, while the Fed itself is projecting zero rate increases over that same period. Hard to say which one will end up being right.

Will Powell even keep his job? He’s up for re-nomination in February.

As has become routine, gold and silver sold off briskly on Wednesday morning before the Fed announcement, recovered perhaps half of the losses, and then moved higher during and after the press conference. I thought of this reasonably familiar pattern as the banksters enabling me to buy some silver at a discount pre-meeting. Which is what I did. Not financial advice. Sold at end of week. Really not financial advice.

Gold rallied +35.44 [+1.98%], with all the gains happening on Thursday and Friday, following the FOMC announcement Wednesday. Gold hit a new 2-month high. Gold is in an uptrend – well above all 3 moving averages. Gold/Euros looks even stronger. You can see in the (daily) chart below how all the gains came following that FOMC press conference.

Silver rose +0.27 [+1.12%], managed to close back above the 9 MA, executed a strong swing low on Thursday, and moved back into an uptrend on Friday. Silver’s open interest remains quite low (which is bullish), but the COT commercial shorts have risen – which is somewhat bearish. Silver really needs to close above the old high (roughly $25) to cement its bullish trend change the way gold has already done. Silver is lagging gold – no 2-month high for silver just yet.

Miners rallied too, up +3.46%, with the gains happening on Wednesday and Friday. Miners look a lot like silver – they are lagging, as they remain well below their previous high. The underperformance of both silver and the miners (the “risk on” components of PM) suggests that PM is still in a downtrend.

The buck moved slightly higher, up +0.18%, with the gains happening on Thursday. The flow into the buck suggest that the markets do not appear to be projecting a massively inflationary outcome due to the Fed’s focus on “Full Employment.”

The 10-year futures rose +0.82% – money appears to be pouring into the 10-year too; the yield fell -10 bp to 1.45%. This supports the positive move into the buck. It all happened on Thursday and Friday. The bond market seems to be happy with the Fed’s response. That – or the Fed is buying the 10-year. Its hard to know which one is true. It was a pretty strong move in the 10-year Treasury.

The master resource moved lower, falling -2.18 [-2.61%] to 80.45. Note this is a weekly chart for crude – the moves in crude this week were mostly divorced from the FOMC meeting results, unlike most of the other components. Crude is now in a daily downtrend – but it remains above the 50 and 200 MA lines.

For the most part, the FOMC meeting drove prices this week, with some additional push from the positive payrolls report. It ran counter to the recession-flation pattern of the last few weeks. The Fed has told us they (mostly) don’t care about inflation. Its all about jobs. Perhaps – Chair Powell is looking to keep his job? Ignoring inflation feels a little bit like Nixon/1971 – trading off huge inflation later in exchange for some temporary good news in GDP.

News That Caught My Eye

Pfizer’s Novel COVID-19 Oral Antiviral Treatment Candidate Reduced Risk of Hospitalization or Death by 89% in Interim Analysis of Phase 2/3 EPIC-HR Study

Source

Pfizer-mectin (actually called PAXLOVID) appeared to do well in its clinical trial; treatment: 0 deaths, vs placebo: 10 deaths, n=774. There are 3 trials ongoing: a PEP (post-exposure) trial, a vax-breakthrough trial, and a standard-risk within-5-days-of-symptoms trial. PAXLOVID is a SC2 protease inhibitor, and is co-administered with ritonavir, which is an HIV protease inhibitor.

However, Ritonavir isn’t for the faint of heart:

Co-administration of ritonavir with several classes of drugs including sedative hypnotics, antiarrhythmics, or ergot alkaloid preparations may result in potentially serious and/or life-threatening adverse events due to possible effects of ritonavir on the hepatic metabolism of certain drugs. Review medications taken by patients prior to prescribing ritonavir or when prescribing other medications to patients already taking ritonavir.

Source

And, as Dr Kory points out, our friends in Pharma have this history of obtaining optimistic and non-reproducible results in trials they run, especially compared with trials on the same substances run by scientists who don’t have shares in the company.

One wonders what a head-to-head trial (Pfizermectin vs Ivermectin 0.6 mg/kg) would look like.  Think that happens?

Given how much money is at stake, I’m sure the Pfizer-mectin/Ritonavir combo (PAXLOVID) will be found safe-and-effective by the FDA.  And it does appear to perform better than Merck-mectin (Molnupiravir).  No long term testing either, but that won’t bother FDA at all.  After all, they approved Aduhelm, which doesn’t even work at all.  Because – “public health!”

Its a pity that Ivermectin isn’t an on-patent molecule.  Merck would be rich, FDA would have approved it 16 months ago, and millions of lives would have been saved.

Just our bad luck, I guess.


Bad news from COP26:

COP26 is looking like a historic failure after the world’s biggest polluters snubbed the summit and even rich nations failed to deliver

Xi Zhenhuan, China’s climate envoy, said China was “not against” the target but has also refused to commit to it. Without Chinese buy-in, 2 degrees is likely the best that can be achieved.

Source

So the CCP did show up – via Zoom.  How much carbon did they save by doing this?  Apparently by not flying in monster planes, and avoiding the huge convoys of armored, expensive, slow-moving gasoline-powered cars, they “snubbed” the summit.  Which was supposedly about “climate change” and “reducing carbon.”  Ah, irony.

And – in a rare show of honesty, the CCP refused to commit to reducing its 30% of carbon emissions by 2030.  For which they were spanked by the media.  Bad, bad, CCP.

Two words, media: “Hong Kong.”   CCP gonna CCP.  Anyone non-captured, and paying even a little bit of attention would know this by now.


So the House passed the “$1.2 trillion dollar Infrastructure bill”, after much gnashing of teeth.  Here’s what is in it:

  • $110 billion for “roads and bridges”
  • $39 billion public transit
  • $66 billion for Amtrak
  • $65 billion for internet (including a $30/month subsidy for lower income Americans)
  • $65 billion for transmission lines & “smart grid” tech (no axis of control there at all)
  • $15 billion: electric charging stations, electric buses, and ferries
  • $55 billion: replacing lead pipes
  • $48 billion: water infrastructure improvements
  • $25 billion: airports
  • $11 billion: road safety

Source

Note: those with basic math skills will notice that sums to around $550 billion; and yet, we’re told it is a $1.2 trillion package.  So what is the other $650 billion being spent on?   This CNN article (https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html) says it also “renews existing transportation spending” as well as saying the new spending would happen over 5 years.  So $550B / 5 years = $110 billion in new spending, per year.

So what’s the current Federal Government spending, annualized?  Well…wow.  $6.55 trillion.  So if my assumptions are all correct, the new Infrastructure Bill ($110 billion/year in new spending) adds 1.7% to the current US government spending, on an annual basis.

I don’t know about you, but with all the fuss about “Infrastructure”, I thought it would end up being more than a rounding error.  Both “sides” sure made it sound like a really big deal.  I was fully prepared to write a piece about the massively inflationary impact.  And then I did the math.  It really is a rounding error.


Republican Glenn Youngkin beats Democrat Terry McAuliffe in Virginia governor’s race

Source

So – a victory for the Plebes? Mr McAuliffe was a Critical Race Theory Nazi.  “We own your children!”  And Mr Youngkin?  Well, turns out he worked for the Carlyle Group for 25 years.  What’s a Carlyle Group?  Well, they manage money.  A whole lot of money.  Hundreds of billions.   “Carlyle” was the name of a hotel owned by the Mellon family – that’s how the group got its name.  And there’s more:

Post-election reality check: Glenn Youngkin, the Carlyle Group and Dominion Voting Systems

Source

Dominion Voting Systems is owned by Staple Street Capital, which was co-founded by two ex-Carlyle Group bigwigs. Axios reported last year:

Source

Between the lines: The most-utilized election system and software companies are owned by U.S. private equity firms. Dominion Voting Systems is the best-known of these vendors, as it’s become the subject of evidence-free conspiracy theories

The Canada-founded and Denver-based company was acquired in mid-2018 by Staple Street Capital, a mid-market buyout firm co-founded by Carlyle Group and Cerberus vets.

Right.  That Carlyle Group.  One former member owns Dominion Voting.  And that’s just for starters.

Youngkin clearly plays for Team Oligarch.

Just based on the background, it would appear we have a transfer of power from one “woke-left” Oligarchy-stooge, to a “center-right” Oligarchy-stooge.  I’m guessing both campaigns were well-funded by…the Oligarchy.  It appears that a change in stooges is what the Oligarchy is looking to provide, in order to foster an appearance of electoral choice to the Plebes.  Like: from Bush, to Clinton, to Bush II, to Obama.  That kind of “choice.”  I’m sure the woke-left stooge didn’t like losing his slot, but – he matters to the Oligarchy just about as much as Cuomo, or Newsom.

“See?  No need to rebel!  You can affect the outcome by your vote!  Red-stooge or Blue-stooge!  You pick!  We don’t care which one you choose!”  Plus: “elections are fair!”  Especially when both candidates are Oligarchy stooges.

This is what the “Critical Race Theory” issue is all about.  It is one more manufactured, non-economic issue for the Plebes to fight about.  The Plebes get to campaign hard, get rid of this educational pustule, proclaim victory, which results in a brief happy moment of apparent electoral choice, and as a result, the Plebes will not notice that their wealth continues to decline, and the Oligarchy continues to get richer. Winning one side of an Oligarchy-manufactured issue (which by definition doesn’t affect bottom lines) provides the illusion of choice and agency.

Vax mandate repeal?  Cheap Treatments For You?  Hearings into Gain-Of-Function?  Eliminating Pharma capture of our “health” agencies?  Ending the obscene drug prices and predatory sickcare costs?  Ending the revolving door in government?  Ending the domestic surveillance state?  Bwahaha!  Not a chance.  Be happy with your Critical Race Theory victory, Plebe!


Red!  Blue!  Red-blue!  Hooray for Governor Youngkin!

Here’s one from Berenson – apparently Gavin Newsom has vanished from public view.  For ten days now.

https://alexberenson.substack.com/p/wheres-gavin-newsom/

Original article here:

Gov. Newsom remains out of public sight to deal with family obligations

SACRAMENTO, Calif. — A week after abruptly canceling plans to attend the United Nations climate summit in Scotland, California Gov. Gavin Newsom has receded from public view to deal with unspecific family obligations.

When the surprising announcement was made Oct. 29, a spokesperson said Newsom planned to participate virtually in the conference this week. But the California delegation’s schedule at the meeting this week, released by the governor’s office, did not include Newsom.

Source

So when was Governor French Laundry’s last appearance?  When he got his COVID-19 booster shot.

Yay boosters!  Safe & Effective.  Especially effective – that’s why you need a booster!

And one more from Berenson:

URGENT: The 5th Circuit (Texas) has issued an emergency stay of Biden’s vaccine mandate

The mandate is coming apart at the seams. The trucker exemption is particularly absurd – is there a more obvious vector for disease transmission than a long-haul trucker? If you are working ALONE AT HOME the mandate applies, but truckers are exempt. (NOTE: See update at end.)

Source

Maybe this is why President Grandpa’s handlers took so long to issue the actual mandate.  They wanted six weeks to terrify as many as possible on the fence into getting the shot (because – mandate!), and give the Oligarchy-held corporations cover (think there might be some Oligarchy cross-ownership between the Big Corporates and Pharma via BlackRock & Vanguard?  Maybe?) for pushing the mandates, even though they all knew it would be eventually struck down.  (Yes – the mandate just has a stay right now.  But I’m guessing it will eventually lose in court.)

A terror campaign by Oligarchy to push vaccination?  As they say, all’s fair in love and war.

And – maybe its just me – it seems as though this is probably not about “love”.

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23 Comments

  • Mon, Nov 08, 2021 - 1:06am

    #1
    Grover

    Grover

    Status: Platinum Member

    Joined: Feb 15 2011

    Posts: 1095

    11

    Snakebite Kit

    My niece was given a choice by her employer to take the clotshot or get fired. Because of her financial situation, she opted for the jab. Because she is a creative person, she wondered how she could reduce the impact and still get passed the shot. She decided that since it is a toxin that is injected (like what a viper does) that using a snakebite kit to remove as much toxin as possible as quickly as possible was her best option.

    She researched the options of snakebite kits and chose this one:

    https://www.cabelas.com/shop/en/sawyer-extractor-pump-kit-for-bites-and-stings

    Then, right after getting jabbed, she excused herself to the restroom and used the extractor to remove as much toxin as possible. She said that she actually got tiny hickeys on her arm from the device.

    All I can say is - "That's my niece, folks!" I sure hope it diminishes the threat.

    Grover

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  • Mon, Nov 08, 2021 - 3:19am

    Aus

    Aus

    Status: Bronze Member

    Joined: May 26 2020

    Posts: 65

    7

    Snakebite Kit- Great idea

    Wonder if they will arrest the nurses in Australia for assisting with the plunger on a snake bite kit after vaxing? Nurse arrested for fraud today for not pushing the plunger down on a child she knew- yep that's the land of OZ!

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  • Mon, Nov 08, 2021 - 6:48am

    bu5617

    bu5617

    Status: Member

    Joined: Sep 03 2021

    Posts: 29

    2

    bu5617 said:

    This appears to be that story:

    https://au.news.yahoo.com/

     

    perth-nurse-accused-giving-teenager-fake-covid-vaccination-064355752.html

    Arrested??!!! Absolutely disgusting!

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  • Mon, Nov 08, 2021 - 8:09am

    hotsauce

    hotsauce

    Status: Silver Member

    Joined: Dec 17 2020

    Posts: 222

    5

    Another method of sucking the poison out

    Grover, I read about another method of sucking the poison out. It’s a practice called Hijama, or “cupping”.

    It’s similar to what the snake bite kit does, but it’s meant to be used regularly to “extract toxins” from the body. It may only leave circular welts on your skin, but there is a variation called “wet cupping” where they make small incisions in your skin before applying the suction cups to draw blood out.

    I don’t know if either cupping or a snake bite kit will work, but I like the snake bite kit idea because it uses the hole the toxin was injected into (the needle hole), and you can do it immediately after the shot is given.

    The fact that people are using either of these shows the level of desperation they are being pushed to. The obvious best solution is to not get the shot in the first place.

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  • Mon, Nov 08, 2021 - 11:13am

    #5

    Jim H

    Status: Silver Member

    Joined: Jun 08 2009

    Posts: 1675

    4

    Bitcoin gonna Bitcoin, and the snake bite kit idea

    Respectfully, I worry about the snake-bite approach to shot risk reduction, and have said so on another thread last week.  My worry would be that by disturbing the shot, one might actually cause it to mix with blood, and become more widely distributed, than it otherwise would.  I don't think you can get anything back out through a deep, needle injection puncture honestly.

    Oh, and since this is the investment news thread... BTC is at all time highs this Monday morning.  Other than the cost of a good steak, it's the canary in the coalmine for inflation in a time where Gold and Silver can still be suppressed through the printing of paper equivalents.

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  • Mon, Nov 08, 2021 - 11:47am

    #6
    emdashtheory

    emdashtheory

    Status: Silver Member

    Joined: Mar 25 2020

    Posts: 231

    3

    emdashtheory said:

    21 Best Bitcoin Memes That Only True Bitcoin Lovers Will Understand - Bitcoin India Wiki

    Bitcoin will crash again. The secret is it doesn't matter

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  • Mon, Nov 08, 2021 - 3:06pm

    #7
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    2

    the FOMO graphics

    I try really hard not to make trades based on FOMO skeleton images.  In fact - usually those tend to signal highs rather than lows.

    Just my observation.

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  • Mon, Nov 08, 2021 - 3:22pm

    #8
    sand_kitty

    sand_kitty

    Status: Member

    Joined: Apr 13 2011

    Posts: 2004

    2

    But, DaveF, would you make trades based on the future of ....

    .... a money supply that was out of the control of the oligarchy?

    That was egalitarian, not localized in any country or jurisdiction or location, and could not be printed limitlessly and loaned in multibillion dollar amounts at 0.25% interest to Blackrock to buy up all of the residential homes and apartments in the nation?

    I bet that you actually would.  If I know you correctly!  🙂   Right?

     

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  • Mon, Nov 08, 2021 - 5:59pm

    Quercus bicolor

    Status: Gold Member

    Joined: Mar 19 2008

    Posts: 1081

    3

    Snake bite kit

    To that, I hope she added;

    • Our favorite treatment the day before, day of and day after
    • "aspirate, please".
    • I've had problems with intramuscular injections before.  I find they bother me less when they're done a bit less deep.  Could you do that please?" - give the snakebite kit a better chance.

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  • Mon, Nov 08, 2021 - 6:49pm

    #10
    sand_kitty

    sand_kitty

    Status: Member

    Joined: Apr 13 2011

    Posts: 2004

    2

    Bitcoin Reaches an All-Time-High at $67,000

    My personal opinion is that the benefits of this type of money are coming to the attention of more and more people.

    The momentum chaser type of trader produces a price-spike and then a drop when they bail when the momentum falters.

    I have the impression that this is very, very different.  It is a steady adoption by a wide range of people who are seeing its value.  This will continue to grow in my opinion.

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  • Mon, Nov 08, 2021 - 6:54pm

    #11
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    8

    eh

    From what I recall, China has most of the miners for bitcoin.

    And there's the whole "internet" thing, which Oligarchy controls.

    I just wouldn't put all my eggs in the Internet basket.  And that's from someone who (in a past life) basically made a living designing client/server systems that relied on TCP/IP.

    I think bitcoin is around as long as they want it to be around.

    Let's see what happens when the CBDC's start to appear.  I suspect they'll attack the coins via tax policy at first.

    Don't get me wrong, I have a fairly substantial position in an altcoin.  I spent years accumulating the coin.  I win if things go well.

    And yet...I am cautious...my advice would be to diversify.  I am diversified.  🙂

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  • Mon, Nov 08, 2021 - 7:01pm

    Jim H

    Status: Silver Member

    Joined: Jun 08 2009

    Posts: 1675

    2

    BTC on the move...

    I don't follow this day-to-day, but I thought there had been a significant shift in mining Dave;

    https://nypost.com/2021/10/13/us-passes-china-as-biggest-bitcoin-mining-hub-after-beijing-ban/

    I agree with Sand-Kitty Puppy here... also, we already have to pay taxes on crypto gains.. I think for now the efforts will simply be to make sure those are in fact collected.  I expect BTC $100K before year end.  This is a world wide phenomenon.

     

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  • Mon, Nov 08, 2021 - 7:09pm

    #13
    sand_kitty

    sand_kitty

    Status: Member

    Joined: Apr 13 2011

    Posts: 2004

    2

    Much of my BTC is inside a 401k (Damian Lupo's eQRP)

    So I d0n't pay any capital gains tax when I sell BTC,  just when I withdraw it from the 401k (eQRP).

    And diversification is always smart.  There are just so many unknown and unknowable possible ways the future can unfold.

    But, the transfer of all ownership into the hands of the oligarchy is one of the outcomes that I will oppose strongly.  And BTC seems to me to be a way of effecting that process.

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  • Mon, Nov 08, 2021 - 7:11pm

    #14
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    3

    oh sure

    Jim, I'm just going to remind everyone that No Treatments For You is also a worldwide phenomenon.  And so is the Internet.

    I don't place ultimate faith in "worldwide phenomenons" as an underpinning, with the Oligarchy in control, and demonstrably willing to exercise power over anything they don't like.

    And - at the same time - sure I could believe bitcoin hits 100k.  Why not?

    Heck.  Why not 200k?

    When will Oligarchy respond?  And what form will it take?

    As for taxes - they could make it a "collectible".  Just like gold.

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  • Mon, Nov 08, 2021 - 7:34pm

    #15
    Canuck21

    Canuck21

    Status: Platinum Member

    Joined: Aug 10 2020

    Posts: 1023

    2

    Capital gains tax-free gold (UKers)

    Remember, UK residents, that capital gains in coin of the realm is tax free for you -- they being sovereigns and Britannias. (at least, that was the case 10 years ago but it's worth checking!)

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  • Mon, Nov 08, 2021 - 7:35pm

    Arthur Robey

    Status: Member

    Joined: Feb 03 2010

    Posts: 1596

    1

    Reply to Grover

    The "envenomation load," as measured by mean radioactivity in the leg after injection, was 89,895 counts/min. The mean radioactivity found in the blood extracted in the 15 minutes of suction was 38.5 counts/min (95% confidence interval [CI] -33 to 110 counts/min), representing 0.04% of the envenomation load.

    Source

    Caveat: At this stage, can we believe anything published by Pubmed? I'll leave you to decide.

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  • Mon, Nov 08, 2021 - 7:42pm

    Arthur Robey

    Status: Member

    Joined: Feb 03 2010

    Posts: 1596

    0

    Escape into Fantasy

    It occurred to me that currency is becoming more and more abstracted.

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  • Mon, Nov 08, 2021 - 8:00pm

    #18
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    4

    IRAs

    I like the concept of bitcoin inside an IRA.  As long as the IRAs remains, I think that helps to reduce IRS risk.

    I have an IRA too.  A decent-sized IRA too.

    That said - be aware that FDR confiscated gold way back when - because that's where the money was.  Today, the money is in IRAs.  If the Oligarchy is really evil, they'll confiscate our IRAs, hand out "pensions" with a fixed income in exchange, and then promptly inflate the pensions away.

    "Why do you rob banks?"

    "Because that's where the money is."

    Diversify.

    Again.  I have an IRA.

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  • Tue, Nov 09, 2021 - 1:46am

    Grover

    Grover

    Status: Platinum Member

    Joined: Feb 15 2011

    Posts: 1095

    3

    Never Give Up

    Jim H wrote:

    Respectfully, I worry about the snake-bite approach to shot risk reduction, and have said so on another thread last week.  My worry would be that by disturbing the shot, one might actually cause it to mix with blood, and become more widely distributed, than it otherwise would.  I don't think you can get anything back out through a deep, needle injection puncture honestly.

    Jim,

    I hadn't seen your reply concerning the snake-bite kit. (Frankly, there are too many threads to negotiate on this site given the available tools.) I really don't know how much venom she was able to extract. It may have been miniscule. It would have been much better if she didn't get jabbed. Because of her economic situation and the economic extortion forced upon her by the handlers of FJB, she felt like she had no option. She took the only course of action that she felt she could.

    My niece is like the frog in this picture:

    Grover

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  • Tue, Nov 09, 2021 - 1:58pm

    #20
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    3

    PPIACO - producer prices - rise at (annualized) +24%

    Gotta love that transitory inflation.  Worst since Nixon was in office.

    PPIACO: 240.2 +4.8 [+2.04% m/m].  It is - if anything - accelerating.

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  • Tue, Nov 09, 2021 - 8:36pm

    #21
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1274

    1

    Some great strategic insights

    https://www.youtube.com/watch?v=rYwrrV5t0Ms&ab_channel=TimKirbyRussia

    A fascinating half an hour discussing strategic finance... the core part of it starts at about the 7:30 mark.

    Although hard work does seem to pay off no matter what some individuals and nations do they always seem to be held back. The way big money works seems to be part of a global con. "It takes money to make money" but does it really have to be this way? Has the rise of Russia and especially China shaken up these games or is the casino still open for business as usual? Today's guest is Matthew Ehret who has done extensive research on the topic.

    Matthew Ehret's most excellent work can be found here: https://canadianpatriot.org/

     

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  • Wed, Nov 10, 2021 - 9:03am

    #22
    sand_kitty

    sand_kitty

    Status: Member

    Joined: Apr 13 2011

    Posts: 2004

    2

    Gold, Silver and BTC Pop as Inflation is Clearly Present

    BTC touches $68K.

    ETH pops.

    Gold and Silver pop.

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  • Wed, Nov 10, 2021 - 10:29am

    #23
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2913

    3

    CPIAUCSL +0.94% m/m

    They expected 0.5%, but they got 0.9%.

    For those keeping score at home, that's an 11.3% annualized rate.

    This is for the absurdly understated CPI!

    Our first clue was yesterday's 24% (annualized) move in the PPIACO.  Which, unlike CPI, hasn't been mangled.  "They" don't quote this PPI anymore, but the ancient series (dates back to before WW1) remains there to see for anyone who wants to.

    CPI numbers were released at 8:30 am; silver jumped a buck, gold jumped $40.

    "Transitory!!"  Or should I say - "Full Employment!!"

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