Very interesting times @marketreport. Great video as always.
As Mike Maloney has been saying for a long long time there is going to be a huge wealth transfer soon enough. If I am honest I don't know if I am looking forward to it or not, when the credit eventually goes, what on earth happens to the quality of life that we are all used to? Potentially scary stuff.
Troo dat. Gonna be nothing short of ASTOUNDING! what a well placed short bet in the IWM, SPY, or QQQ put options will acheive. $1000 for every $100 wagered imo.
That would be a very impressive return if things don't go too far. If they do go too far though then you won't want that paper crap, you won't want bitcoin, ethereum, steem, gold, silver, or second properties. You will want a can of baked beans. If the credit system falls over then food won't get to the supermarkets and then you are only 9 meals away from anarchy.
That is why I am a bit apprehensive awaiting the inevitable collapse.
I think you listen to Bitcoin bubble boy Dollar Vigilante too much. All it will do is bring things back to true pricing. Gasoline will be selling for lessthan 1.50/gal by Labor day. The cost of materials will come way down, the cost of labor will come way down. teh cost of everything will come down. If anything it will revive the entrepeneurial spirit in teh U.S. again. Hell, you will be able to walk away from your $25K in credit card debt because Capital One bank will be in bankruptcy and there's no way they will be able to come after you. Settle out for .20 on teh dolar with whatever collection agency calls you to collect. they bought it for .10 on the dollar. Nirvana simply becuase all of the Silly Con Valley jerkoffs who "think" they came up with some lame ass idea to replace the dollar are on teh streets selling apples. A "perfect" world if you ask me. And if not, who cares? I happen to like baked beans. Bush's original of course.
Well I hope you are right. But I don't think deflation will happen. If you look throughout history the trend reveals that we are more than likely going to get hyper-inflation as all the exported inflationary dollars come home to roost.
And dude Heinz are the best brand of beans. Lol.
OK, you sold me. I'll try some of them Heinz beans. Van Camps "used to be" great when I was a kid. Now they are Van Camp's soup n beans. :O
If you meant credit bubble in U.S. govmint debt instruments you are sadly mistaken. This is not a credit bubble. It's a rest area before a move to a new 52 week high.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=54&y=17&time=10&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
See that area to the right side of that chart for calendar year 2017? When price is moving higher it is considered an "uptrend." Don't EVER try and argue with the market...ever. Do you want to get your face ripped off? :O
The "almighty" dollah is next. It's been telling you of things to come for 5 years now. Now you understand why the gold and silver bugs are always crying and moaning. They are all eitehr too stupid, ignorant, or misinformed about how things happen in a "real" market. Wait'll this thing rocks your world! You will be "begging" Janet Yellen to QE4. Just like Peter Schiff will be.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dxy&x=34&y=15&time=12&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
@joejustjoe
Are you an admitted pedophile? If you were joking, it was not funny and you should be arrested if it's true.
https://steemit.com/vixens/@joejustjoe/i-think-i-am-falling-in-luv-with-the-wrong-sexy-vixen-uvxy
Listen, go get a life. There are 10 pedophiles living within 20 blocks of you. Now get on it and report back to me after you have at least one of them arrested. Read the entire thread and go do something "useful" with your time. Nothing to see here.
It is really sad. You seem like such a bright person and I happen to agree with many of your financial opinions. Your humor is edgy and funny most of the time, but one should never cross certain lines just for "kicks". Karma is a bitch.
If you are older than 40 than every single one of your favorite bands are pedophiles. I suppose you think the song Stairway to Heaven sucks just because members of Led Zeppelin are "documented" pedophiles? Go tell it to the parents of those 13 year old girls that worshiped the "boys in the band." Pedophilia would be wiped off the face of the earth if parents only took the time to give a shit about the well being of their own children. And spekkin of "worship"...you can get started at your local houses of worship if you are that angry about pedophiles.
Hell, who knows as most of the people of this great country don't have a penny to their name and have a huge digital debt created through just that very same credit system. Does it mean you may have to dust off that old shotgun in the closet and actually have to use it? Beats me, and like you, I don't think I want to find out.