The End of the Central Bank Put?by Bianco Research. “Add this up and this is one of the biggest moments of truth in financial market history. Will last week’s low in risk markets hold? If not, a new era in the financial markets may be upon us.”
Not much to do but sit and watch in horror as the layers of the fake-world-view are peeled off to display what actually is going on.
I’m sitting here awaiting the open of the US markets to see if dropping interest rates and pouring a shit ton of money into it will save the worlds financial system. Still not a lot of attention to the Peeps.
I believe that this health/financial crisis is morphing quickly into a Deeper Depression (as in worse than the 1930’s Depression). I don’t believe that we will come through this and be unchanged. Lots to consider, and I’ll post some more on this.
We need to consider long term concepts: income, food, security, community, tons more. This is getting really shitty.
Plan on getting thru the next 2-3 months. By mid May we should be in the peak of infections with the resultant chaos. All the more important to stay healthy during this time. Prepare for an extended duration that could be for years ahead.
The better idea still appears to be to NOT catch it. Keep your immune system strong. Don’t panic, but stay alert. You need to balance your own considerations/plans and understand that you will have to hand-hold not only you, but family and friends.
Its a hard pill to swallow if you just woke up to this. Unfortunately or fortunately those that know are simply better informed/prepared and positioned. Its time everyone knew. Self isolate. Stay-the-Fuck-Home.
“It’s going to be within the next week or two — probably even more like a week,”
Dr. Anthony Fauci, In attempting to deflect concern regarding test kits
“This is what you can conclude:
Excluding these, countries that are prepared will see a fatality rate of ~0.5% (South Korea) to 0.9% (rest of China).
Countries that are overwhelmed will have a fatality rate between ~3%-5%
Put in another way: Countries that act fast can reduce the number of deaths by a factor of ten. And that’s just counting the fatality rate. Acting fast also drastically reduces the cases, making this even more of a no-brainer.”
Tomas Pueyo. I think I started screaming about this at the beginning of Feb. Who knew?!?!
“While there is “some truth” to the statement “that no one” could have seen the fallout of the “coronavirus” being escalated by an “oil price” war, there has been mounting risks for quite some time from valuations, to price deviations, and a complete disregard of risk by investors. While we have been discussing these issues with you, and making you aware of the risks, it was often deemed as “just being bearish” in the midst of a “bullish rally.”However, it is managing these types of risks, which is ultimately what clients pay advisors for.
It isn’t a perfect science. In times like these, it gets downright messy. But this is where working to preserve capital and limit drawdowns becomes most important.”
Lance Roberts of Realinvestmentadvice.com See article below or more importantly…… Did your advisor tell you to act with prudence or stay the course? or wait for opportunities? or whatever the heck their higherups have instructed them to say. Remember, it’s all about THEIR money
The worlds central banks and countries are unloading everything they have to forestall an economic meltdown. Ready to pour untold billions in this gasoline fire that has become our economic world. All while the vultures are looking for buying opportunities.
They are attempting to prop up that rickety chair they created by pouring money into it since 2009. It may work. Likely won’t. Then what?
The world watches the US begin to grapple with this under the watchful leadership of Le Grande Orangutan and tribe. Lets face it, if the US crumbles all bets are off worldwide. And its on the edge of crumbling. Wait until their goobermunt tries to begin to forcibly contain quarantine cases, stem the panic of shortages, explain their lack of anything meaningful.
It’s yet to be determined if China is out of the woods. Forcing their people back to work may have merely passed around the coronavirus to more people ready for their next phase of infection. We don’t know if China can pull it out yet. Their industries are floundering at best, to supply stuff to the the rest of the world, who are going thru extreme duress attempting their own population saving methods.
Anticipate major US outbreaks in next 7 days (and oh Canada), more so when test kits are actually available. The US work force will be in the same boat as the rest of the world.
The three economic engines of the world will be in some form of shutdown for the next 2-3 months; China, Europe and the US.
I say as gently as possible, how is pouring printed cash going to prop up the worlds industries whilst its peoples are under extreme duress, not working, not buying stuff. We have built a consumer world with lifestyles to match. Financial bailouts to the Rotten who played along with this gigantic Ponzie scheme won’t have dealt with health issues, debt issues or other GTB. Remember Climate Crisis????
We need to prepare for a complete breakdown of the systems we have grown accustomed to. Government support, supply chains, availability of food, supplies, equipment. Depending on where you are in the world, things will vary.
We have a massive Depression coming and we are seriously underprepared.
Its time to implement your own self isolation. Particularly if you are in the danger zone over 60 years of age.
This will protect you and your neighbours.
We are at the point where we have to ride out the shit storm coming and be ready to scrape together whatever is left. At the moment we have no idea what this looks like.
If you can, consider longer term plans. We have no idea what we will face in the coming months/years but with every gooberment fixated on solving the economic disaster, we should not hold out much hope for their attention when we need it.
The “stock” market economy is teetering wildly, international companies are beginning to see the shortage of parts/pieces and general stuff that won’t be increasing anytime soon. This is beyond the scope of the children in charge. (they built it, and built upon it, for 35 + yrs, while we watched).
Grab hold, hang on and prepare for a brutal ride.
Stay strong, safe and suck up your inner GRIT.
Details of the Emerging Mega Trends Affecting Civilization… and our Inept Response.