The establishment and their mainstream media mouthpieces will continue their narrative of economic recovery and ongoing bull market while distracting the public with other false narratives about guns, gays, Russian aggression, and transgender bathrooms, as their puppets at the Federal Reserve continue monetary policies designed to enrich bankers and their establishment cronies.
Do you think Jim Cramer or any of the CNBC whores will put up this graphic today?:
- Dow – up 1.5% YTD
- S&P 500 – up 1.4% YTD
- Gold – up 23.7% YTD
- Silver – up 28.7% YTD
They also won’t tell you the stock market is exactly where it was in December 2014. That’s right. This raging bull market hasn’t gone anywhere in the last 19 months. This is despite a Federal Reserve keeping interest rates at 0%, Wall Street HFT machines rigging the market, every major corporation in the S&P 500 buying back hundreds of billions of their own stock, and the media cackling about stocks being cheap.
Now for the bad news. The economy is in recession. Corporate profits are plunging. Consumers aren’t spending because they haven’t gotten any real wage increases in the last 30 years. Real inflation for real people is raging at above 5%. Stock valuations are at all-time highs. Bonds are priced to deliver negative real returns. Home prices are ridiculously overvalued. Enjoy this delusional interlude before reality slaps you in the face and kicks you down the cellar stairs.
Gold and silver prices have been suppressed by the Fed and their bank puppeteers and they are still rising. The Fed’s credibility and central banker credibility across the globe has been lost. They have tried every trick in their book. All have failed. They have nothing left as we approach the cliff. But they’ll accelerate anyway.
Death to the moneychangcers
Gold at 1313.80 per oz this morning is still cheap IMO. Thoughts anyone as to the price of gold if the Brits exit the EU?
Thanks Admin,
The X22 report is a good compliment to your blog,
Dave helps people keep up to date.
The real “economy” is driving on fumes.
I rarely go to Target since the bathroom brouhaha but the couple of times I have run in for something, the place has about a third of the traffic it used to have. Don’t know if its the bathrooms or the economy. No long lines at checkers as before.
susanna says:
The real “economy” is driving on fumes.
Susanna…you’re kinda’ right. There’s a little gas left in the tank,a gas soaked rag is sticking out of the spout…just waiting to be lit and burn it to the ground .
Per usual the afternoon raid by the banksters have brought the gains down to zip this afternoon. They can’t let the metals get out of hand until the day comes they can no longer control this situation, which is on my list of reasons to live for. 🙂
Just saw a story that indicates the BREXIT vote might be suspended.
I/S
Any reason given by the MSM?
Further reading indicates the “campaigns” have been suspended out of respect due to the killing of the British MP and rumors are swirling over whether the vote will be delayed.
I gots to get to werk!