I was discussing a similar thing with some mates last night. Boys/men need some risk in life. It’s what makes us men. I can easily see my boys doing the same sort of thing, risky, exploring, might get caught; but work out the risks, plan your entry and exit points, start with a short run, and so on. Seeing the perplexion on TV that you’ve caused is a bonus!
It is very difficult to be adventurous today because technology and bureaucracy have taken away the risk, and thus the exhiliration.
I don’t know if NYC will be attacked or not but I think the men going into the sewers there are probably … urban explorers. The young people there have no adventure-no testing themselves. They are exploring the forbidden sewers, it’s like a quest or something. We’ll probably see some of it on Tik-Tok later on.
At least I’m hoping that’s the case!
PS Good luck with your stock moves! Nothing wrong with taking a break or getting out if you don’t feel right.
“Brussels Eyes Private Savings as Public Money Runs Out”
All I can say is VORACIOUS. There is no limit to what they’ll try to take.
Definitely to everything. Trying to prepare for everything that could happen (that is, everything that has already started to happen) in this realm is impossible. So focus on the next.
I dumped my pm shares today, at least the ones that were worth more than a penny. I have a few of those. I have some small profit left on the year and am not going to ride this down again for the 200th time. I have so little anymore dollar-wise that it’s pretty insignificant. It was less of a money thing than it was a mental health break. I’ve wasted so much time and energy on them over the years; I just don’t want to do it anymore. Maybe I’ll buy back at higher prices later, maybe not. I just don’t want to waste another minute of my life watching them fleece me. It has never been worth it. The rest is in physical, and while watching that sucks too, it will be left to my kids when/if we get to that point.
Thinking about a Sovereign Debt Crisis. I really wonder if that’s the greatest threat we face. I think the country (and world) is hurtling toward a convergence of events that will render everything we value unimportant. The only thing I want to focus on from this point on is my spiritual condition. There’s a lot of work to be done there. 🙂
This girl is nails IMHO.
The Russians have sent three faulty drones to attack Leipzig. I bet Z wishes he could get so lucky. Sounds like a false flag at half mast.
“Banksy”
I hadn’t thought of that but now that you mention it … 🙂
Germany has said Russia was responsible for last month’s drone attack at Leipzig’s airport.
A drone carrying an explosive device was discovered at Leipzig/Halle Airport in eastern Germany, close to Ukrainian cargo planes, on 4 August.
It failed to explode as the detonator was apparently faulty, and investigators suspect a second drone collided with a cargo aircraft nearby. A third drone was reportedly found near the airport 10 days later.
But surely Bessent has proved the ‘vigilantes” point? If they have forced him to buy back, they are having an effect?; and now they’ve dumped their toxic waste they are free to go of and do what they like. Which won’t be buying new bonds.
The National Debt thing was taught in schools at least sixty years ago, and therefore much longer I’m sure. That it is a good thing, enabling the government to borrow cheaply, can easily be paid back as the economy expands, the interest rate is cheap because it’s the government doing the borrowing etc. etc. So it is ingrained in the British psyche, the National Debt (always with Capital Letters) is something we should be proud of.
I never bought it. Every extra £ of interest is another £ of tax required.
https://www.zerohedge.com/markets/germany-preparing-unveil-wealth-tax
Or there won’t be anything left to confiscate.
She must think assume the banks do nothing with the money.
Why are all those business leaders wasting their time fawning to such an anti-business creature? They are just feeding its ego, filling a stadium like that.
ipso, is “little Susie” a banksy?
do we have to watch the same playbook being played out?? I’m sick and tired about hearing about the “bond vigilantes.” Bessent has already said that doubling of their debt buybacks makes the bond vigilantes null and void.
And I have to believe that the Fed and the BLS have already “cooked up” a perfectly weak jobs number that will, ONCE AGAIN, assuage inflation fears, stocks can go back up, and the boot on the neck of the metals will be eased off.
It’s like watching The Wizard of Oz for the 200th time, expecting a different ending.
That as we get closer to the end of the year the number that went from 40 something to 60 something that the Fed will raise interest rates interest rates expectations will keep going up. Might be a temp short opportunity.
Yeah, the silver shares especially are holding up pretty well. Silver back above $65.
The QQQ’s have recovered half their losses.
There’s still some hope despite the dollar. 😉
Electronic devices have sure become an efficient purveyor of propaganda! Just look at all the people who believe what their TV tells them and never miss the nightly news. We’re all going to pay for that!
Quite a war going on between reality and what people are told by the MSM!
We still have a lot of the day left, we may still recover.
Great cartoon and so true. We’ve celebrated the advent of technology in society and most of it is beneficial. But then there’s those advancements that have been turned against us and are evil. Unfortunately TV and cell phones may be some of the most destructive things ever invented.
Was hoping we could turn things around but seems the dollar had other plans. We’re just not in the place yet where there’s enough demand to separate us from the other markets. A bit worrisome since the SM hasn’t corrected I guess.
Oguz Erkan
@oguzerkan
Ray Dalio: “The debt problem is followed by devaluation of the currency.”
Every country with a debt problem said they would grow their way out of debt.
They all ended up devaluing their currencies.
That would really be something if we can turn today around! 🙂
I’m wondering what good that will do if Iran is still shooting missiles and drones at tankers like they did the last time?
I’ve got some green from unlikely suspects. HL, AG, GFI.
Looks like Bessent is working on the bond market, 10 yr. now only down 1 bip and the dollar is heading toward flat.
I’m surprised the metals haven’t turned more though.
I guess I just don’t understand. If a market goes up for 29 days and gives half of it back in say, 8-10 days. It’s hard for me to see that being “good.”
If the market goes up for 29 days and gives 100% back regardless of time, I don’t understand why it’s even worth playing, whether it’s bullish or not.
I’m not disputing in any way what you’re saying or the methods, I imagine you’re spot on. Just my personal perspective.
We know how this slop usually goes, this is likely the 2nd of 3 big legs down, and then we’ll see. If we can turn back up here, then I think that would be pretty bullish. If we don’t, the selling will continue and be deeper and longer than we thought it possibly could be, it always is. Especially, God forbid, the SM actually has a correction.
At least right now, the shares are holding up a little better than I would have expected. Maybe the metals will come back some today.
BTW – GLD got above its 200 day, SLV never did. GDX has outperformed and got well above.
This is how the Sovereign Debt Crisis begins. There is no dramatic announcement from the White House admitting that the system has failed. Officials speak of liquidity, market functioning, resilience, and temporary operations while quietly expanding intervention behind the scenes. The Treasury has begun supporting the market for its own obligations because it cannot permit investors to price US government debt without supervision. Once government must protect its debt from the market, the question is no longer whether there is a problem. The question becomes how long they can conceal it.
A jobs number this Friday, and a long weekend. Same shenanigans from the manipulators.
Getting even closer to the end game….
Europeans Blindsided By Russian Finance Minister’s Presence At G20 In Asheville
