It was just two days ago that we wrote, “Gold Has Biggest One Day Rally Since Brexit as Elites Rush Into Gold”.
Now, to end the week, US stocks had their biggest drop since Brexit on Friday.
The Dow Jones Industrial Average fell 394.46 points, or 2.1%, to 18085.45, and the S&P 500 declined 2.45%, while the Nasdaq Composite lost 2.5%.
Most pegged the blame on concern over a 0.25% rate hike by the Federal Reserve at their upcoming September 20th-21st meeting.
Federal funds futures, which are used by traders to place bets on central bank policy, on Friday showed a 24% chance of a US interest-rate rise in September, compared with an 18% chance as of Thursday.
Eric Rosengren, President of the Federal Reserve Bank of Boston said Friday that “a reasonable case can be made” for raising interest rates to avoid overheating the economy.
Of course, no one asks, “how does an economy overheat”? An economy isn’t a cake. If an economy is “overheating” it would mean that trade is going well, profits are being made and capital accumulated. Why would one want to avoid “overheating” the economy?
Well, the US and all other Western monetary systems are run by a communist-style central planning agency who deem it their task to manipulate interest rates and counterfeit money in response to the perceived “overheating” or “cooling”.
It’s nonsense, of course, and the only shocking thing is that no one has taken the central bankers out into the town square and hung them yet.
But, in this communist-style system, ALL eyes and ears are focused on the politburo to see what the wise leaders have deemed is best for the rest of us plebs. And this is the case, yet again, as the market has jitters that a rate hike of 0.25% could destroy the entire worldwide economy, monetary and financial system… a state of affairs that could never have happened without central planning.
Even more hilarious, is the fact that anyone could deem a system with nearly 50 million people on food stamps and nearly ⅓ of the entire public jobless as “overheating”.
ARE WE IN FOR A MASSIVE CRASH THIS JUBILEE YEAR?
The Jubilee Year ends on October 2nd. And, based on our analysis we said that 2016 would be highly volatile, there’d be massive change and all the building blocks towards global government would be put into place.
We were right, straight off the bat when January was the worst opening month to a year for worldwide stock markets in history. Then, in June, with Brexit, we saw the continued fracturing of the EU (which we were the first to boldly predict on the end day of the Shemitah last year (“Eurozone Collapses, Borders Erected on Shemitah End Day”).
And the day after Brexit saw the worst one-day worldwide stock market drop in history. Exactly 7 years, 7 months, 7 weeks and 7 days since the Shemitah end-day crash in 2008.
We’ve profited massively from our analysis, with the TDV newsletter’s Premium portfolio up 200% from a year ago.
Our positions in gold & silver have done very well since the very first day of 2016.
Since the beginning of the year, gold has risen 24.9% and silver has skyrocketed 37.1%.
And bitcoin has also risen nearly 9% since the start of September.
But the question is, will we see another massive crash by October 2nd, or soon after?
There is no way to know for sure, of course.
But I’ve said for months now that I expect September/October to be a very volatile and dangerous time in the markets.
Only time will tell if that is the case or not. We'll find out early next week if this drop on Friday carries through.
But, as we warned, be prepared for massive volatility and, potentially, a massive crash during this time period.
Many of our subscribers have been enjoying all this volatility, while most others are living in fear on days like today. Here is just one subscriber's comments from our private subscriber's only Facebook group with his gains from just today alone.
To join our group of worldwide vigilantes, many of whom are happy to help you with any questions you may have, click here.
Most people are worried sick this weekend after Friday's market action. But here at TDV we are all looking forward to Monday to see if the markets continue to drop in free fall.
But, even if it doesn't, we are positioned to profit from the volatility which we expect to continue throughout this fall. This is not going to be a boring few months ahead!
Follow along with us here at Steemit ( @dollarvigilante ) where Dollar Vigilante articles are posted first before anywhere else.
Jeff,
You sure are doing your best to wake the masses. Some will and some won't, but you did your best disseminating the truth and had fun doing it.
I've read most of your articles and it's really hard to refute the details. It's really difficult being one of the regular people out here trying to wade through the real information and disinformation. People have made many derogatory statements, but I see them as whiners. You foresaw the power of the internet and built a online powerhouse, sold it and moved on.
Your perceptive skills allowed you to see the light at the end of the tunnel, so few have that. I consider this a art, the disinformation muddies the science.
What have they done? We have a saying in my family
" Shut up and listen, you might learn something"
I believe as you, that this orchestrated illusion is coming to an end. The hardest part will be watching all these oblivious and ill informed people suffer.
Have something other than credit and paper people...You're gonna need all kinds of bullion to get through this ...2016- 2020 is gonna be hell for all of us even if you got something set back! Be good to each other. My 2 cents
Keep up the good fight my friend.
well said!
I would consider it a success if a market crash were the only thing that happened.
Why are you coming to my posts and flagging the comments? The whole post is about the _ickbutt and you flagged the bot for showing up? That was way out of line.
Please remove your flags.
Don't panic.... smoke 'em if you got 'em.
I mean, you say that... But I'm still up 11%. Mostly I think I should have been paying attention today so I could buy more stock, but I've been watching STEEM instead trying to buy at the right time... Which was apparently last night. :(
You think the bottom is in? I've been watching STEEM and mentioned it may be close to a buy for subscribers last week... no way to know, of course. But I think we must be close to a short term bottom...
Thank you for the warning friend. I was wondering when this fragile bubble would burst.
I think I'll continue watching from the nose bleed section, way down towards the bottom of the southern hemispere...
Glad to see you here still every day!
Thx 4 Posting
Luckily everyone I know is out.
I don't understand. Is this a typo, or some kind of futures thing, or do you have superpowers?
haha, yes, typo. Meant 2016. Fixed. Thanks for mentioning. I never know what year it is because time actually doesn't really exist. ;)
The next 3 weeks is going to be interesting...is it time to grab the popcorn yet?
lol, better hope your steemit posts continue to pay!!! :)
Wouldn't it be funny if I survive this collapse on Steem alone!
I personally think it would be great!
Yes it really would be wouldn't it!
I predict deflation is coming which includes commodities and equities. There is a scarcity of printed up USD in circulation. If they choose to boost everyone's bank account by injecting electronic currency into people's bank accounts to help them pay their debts, then there will be massive inflation. That was their tactic with QE but it wasn't directly sent to individuals and it seems to be fizzling out. The fed is walking on thin ice and they know it. Bitcoin loves it.
Please check out my US Presidential Predictions post
Link please? I have predicted Killary for more than a year now and still stick with it.
2 percent big whoop, wait for the days where it's dropping 5+%, stock up on hard assets. You still have lots of time before opportunities run out
As always another brilliant piece and thanks for sharing. I'm happy to upvote and share this on Twitter✔ for my followers to read. Looking forward to reading more of your posts. Cheers. Stephen
Thanks!
When a spinning top looses momentum it wobbles in increasingly violent gyrations. These sharp rises and drops are the wobble that will increase in an ever increasing loss of controlled action. When the top finally comes to rest and the show is over it will have been so exhausting to watch, few will want to start the top spinning again. If we can realize this, we can remove ourselves from this show and it's trance looking to what people will need (and for speculators, want), then it is all just like watching the top... more time suck. It is getting to be reality time again.
You keep saying communism, but communist central planing was run by engineers, not bankers. And the problems began, when it was given to politicians. The best example of central planing, and perhaps the most "communist", was during Aliende government in Chilie. It was called project Cybersyn, and designed with the help of Stafford Beer. Too bad, that US funded military coup ended the system. :-> In communist systems te decision making is like pyramid, but the decision making goes from bottom up, not top down.
I can't wait till I get my "Helicopter Money" and buy Bitcoin with it ;)
Wouldn't that be beautiful if that's what everyone does!
I learned a long time ago to ignore any change in the DOW less than 4%, and even then, unless it keeps going down by 4% for multiple days. Same with precious metal prices. All just natural market variance.
Sure... but important to make note of 400 down days nonetheless.
Ra ra ra.... Have we all placed our Jubilee puts yet?
Jeff,
If you, Bo Polny, Sevan Bomar and Dr. Jim Willie are correct, I and a few others are going to be deservedly Rich in another couple months..!! Thank God because it is loooong overdue...!! I'll have more to dispense on Steemit under actual-facts and Twitter(Hoodsavior)...
Dow futures currently (Saturday afternoon) down nearly 500 points for Monday. ;) http://money.cnn.com/data/premarket/
Lets see what happens i wonder if money monster movie date their has something to do in this month.