Tacopacalypse

[Moretorque]

I was hoping for a big plunge in oil related stocks when that OPEC meeting fell through, in particular ERUS (Russia stocks), so I could buy cheap. Damn prices are all going up instead. Like too many other investors, I'm eager to buy and impatiently waiting for bad news. This is an ominous sign of lack of capitulation. Either the bottom of the dip has bern reached, or the big plunge lies ahead, with no way to be sure like there is when signs of capitulation present. Nothing to do now but continue waiting.

The entire system is a gigantic rig con job .

[Taco]

Either the bottom of the dip has bern reached, or the big plunge lies ahead,

The big plunge lies ahead. It's going to be a pump and dump.

[Shemp]

Damn market continues to go up. Absent huge Fed intervention (money printing), USA stocks have been overvalued for years. However, we are not absent Fed intervention. Because of income inequality, all the inflation is going into assets rather than consumer prices. So impossible to say if USA stocks still overvalued. Non-USA stocks probably good deals given all the money printing. I am sorry I didn't load up more heavily on those Russian ETFs back on March 23. They are still cheap, but they were steals then.

Gold price already reflects the money printing, so no bargain. I might buy silver (SLV) as a trade, if I can't get the Russia ETFs cheaply soon. Precious metals a stupid investment, like all commodities, but might work as a store of value while awaiting consumer price inflation to kick in. Then switch back to stocks.

[MrMan]

Damn market continues to go up. Absent huge Fed intervention (money printing), USA stocks have been overvalued for years. However, we are not absent Fed intervention. Because of income inequality, all the inflation is going into assets rather than consumer prices. So impossible to say if USA stocks still overvalued. Non-USA stocks probably good deals given all the money printing. I am sorry I didn't load up more heavily on those Russian ETFs back on March 23. They are still cheap, but they were steals then.

I have some retirement funds to put into the market, and I'm waiting, too.

A stock market cannot function without government intervention or oversight. If it can, that is an untested hypothesis. International corporations were first set up with royal charters. If a society is complicated enough to have a predictable way of resolving cases of unpaid debt, some sort of government has to be involved in ajudicating that. There has to be enough of a government/institutional structure to allow for limited liability to exist. Without some rules, people would spread vicious rumors to drive stock prices down to buy them or to run competition out of business like before the stock market crash of 1929.

But it could be argued that manipulating the monetary system to prop up the stock market is overreach. The government does not want the entire economy to come crashing down like it did before the great depression, but part of it may have to do with keeping the economy strong enough to get Trump reelected. A big crisis may be enough to keep a president elective if he does a reasonable job.

Best regards,
Link Hudson, Ph.D.

[Winston]

Taco's probable predictions and wet dreams. Lol

>>249237080 (OP)

This is how some people are theorizing the situation now:

1) The world economy was already going to crash into a second Great Depression in 2020.

2) This was going to cause mass chaos and riots in the streets in every country around the world, as well as a public awakening about the robbery of the financial elite class.

3) Some way had to be invented both to excuse the economic collapse, and to get people quarantined into their houses for the police state to take over.

4) The coronavirus was made the pretext for this, and people were cajoled into accepting it by the media incitement of mass panic.

5) The coronavirus therefore not only saves the elite class from blame during the inevitable collapse, but allows them to impose any authoritarian measures they wish on the general public. Totalitarianism will be implemented.

6) People will be made isolated, jobless, and, with the UBI which is now coming out, dependent on the state.

7) People will be forced to take vaccinations and be microchipped in order to come back into normal life (see Bill Gates on Reddit recently). These microchips will be the beginning of a system which controls your life.

8) They will tell you that you need this microchip to go back to work, get on an aeroplane, or participate in society in any meaningful way.

9) As part of a depopulation agenda, the vaccines will also make you sick.

10) The sickness will be used as a pretext for more quarantines, more totalitarianism, further vaccines, ad infinitum.

[Shemp]

Bought some RSX (Russia stock ETF) and SLV (ishares silver trust). I hate buying on uptrends, and especially after huge surge since 23 March, so I don't feel fully comfortable with these buys, however both still seem cheap and market feels like it's running away. Given all the money printing, interest rate repression and asset inflation inevitable, making cash trash. Real estate could suffer from economic crash and I already have plenty of regular stocks which could benefit from asset inflation or be hurt by economic collapse. Probably better to add hard assets (oil and other minerals in the case of Russian stocks, precious metals). At 109:1 ratio of gold to silver price, silver probably safer than gold. So now 22% cash, 56% VEU, 13% russia stocks, 9% silver. Should have bought the RSX and SLV last week, but such is life.

[Taco]

Taco's probable predictions and wet dreams. Lol

>>249237080 (OP)

This is how some people are theorizing the situation now:

1) The world economy was already going to crash into a second Great Depression in 2020.

2) This was going to cause mass chaos and riots in the streets in every country around the world, as well as a public awakening about the robbery of the financial elite class.

3) Some way had to be invented both to excuse the economic collapse, and to get people quarantined into their houses for the police state to take over.

4) The coronavirus was made the pretext for this, and people were cajoled into accepting it by the media incitement of mass panic.

5) The coronavirus therefore not only saves the elite class from blame during the inevitable collapse, but allows them to impose any authoritarian measures they wish on the general public. Totalitarianism will be implemented.

6) People will be made isolated, jobless, and, with the UBI which is now coming out, dependent on the state.

7) People will be forced to take vaccinations and be microchipped in order to come back into normal life (see Bill Gates on Reddit recently). These microchips will be the beginning of a system which controls your life.

They will tell you that you need this microchip to go back to work, get on an aeroplane, or participate in society in any meaningful way.

9) As part of a depopulation agenda, the vaccines will also make you sick.

10) The sickness will be used as a pretext for more quarantines, more totalitarianism, further vaccines, ad infinitum.

Its not a theory, they just locked down half the planet. How much more proof do you need? They never locked down this many countries during WW2. Its safe to assume whatever is coming will be worse than WW2.

Six years ago Jim Willie said the dollar will crash when Saudi Arabia announces they will allow oil purchases in Yuan. It appears as though the cozy relationship between the US and Saudi could come to an abrupt end very soon...

Slash Oil Output Or Else! Senate Bill Would Remove US Troops From Saudi Arabia In 30 Days
https://www.zerohedge.com/energy/senate ... -us-troops

Oil War May Revive China's Yuan Ambitions
https://www.bloomberg.com/opinion/artic ... -ambitions

[Shemp]

Feeling misgivings about that trade last Thursday. This market is unlike any I've ever seen before, so I really don't know what I'm doing anymore, but then I don't think anyone else knows either.

USA stocks were extremely expensive in February, while many non-USA stocks were fairly priced. However, massive money printing performed or announced since then, plus simultaneous supply and demand destruction, makes it difficult to know what the situation is currently. Stocks are long duration assets, so temporary supply and demand destruction should not drastically change their values. Neither WWI nor WWII, for example, had a big effect on long term stock values in non-defeated countries. But massive money printing is another story.

Since 1933, deflation is no longer on the table. That is, money, once printed, does not get unprinted anymore, like it did prior to 1933, such as following the great inflations of the Civil War and WWI in the USA, or inflations of the Napoleonic Wars and WWI in Britain. If the money supply is permanently much bigger, real asset prices should also permanently be much bigger. Then again, Japan experience from 1989 to now shows that money printing does not necessarily cause massive real asset inflation, especially if real assets were excessively over-priced to start with. Rather, inflation from money printing just offsets deflation from asset prices returning to normality.

One conspiracy theory that actually makes sense is that rich people sensed asset values were overpriced, and thus a crisis with money printing was needed to avoid a giant bust. No way this plan could be coordinated consciously, but subconsciously is another story. That is. rich people accept the narrative because they know subconsciously that this is the only way to avoid a price crash. Poor people accept the narrative because they want to suck up to rich people.

At least nothing I own is terribly expensive, so worst comes to worst, I just get low returns, but then I've bren getting low returns on non-USA stocks since 2013 or so, so nothing new there. Otherwise, I now have better inflation hedges than before. Still feel uncomfortable, but then markets climb a wall of worry, as the saying goes.

[Neo]

Taco's probable predictions and wet dreams. Lol

>>249237080 (OP)

This is how some people are theorizing the situation now:

1) The world economy was already going to crash into a second Great Depression in 2020.

2) This was going to cause mass chaos and riots in the streets in every country around the world, as well as a public awakening about the robbery of the financial elite class.

3) Some way had to be invented both to excuse the economic collapse, and to get people quarantined into their houses for the police state to take over.

4) The coronavirus was made the pretext for this, and people were cajoled into accepting it by the media incitement of mass panic.

5) The coronavirus therefore not only saves the elite class from blame during the inevitable collapse, but allows them to impose any authoritarian measures they wish on the general public. Totalitarianism will be implemented.

6) People will be made isolated, jobless, and, with the UBI which is now coming out, dependent on the state.

7) People will be forced to take vaccinations and be microchipped in order to come back into normal life (see Bill Gates on Reddit recently). These microchips will be the beginning of a system which controls your life.

They will tell you that you need this microchip to go back to work, get on an aeroplane, or participate in society in any meaningful way.

9) As part of a depopulation agenda, the vaccines will also make you sick.

10) The sickness will be used as a pretext for more quarantines, more totalitarianism, further vaccines, ad infinitum.

Its not a theory, they just locked down half the planet. How much more proof do you need? They never locked down this many countries during WW2. Its safe to assume whatever is coming will be worse than WW2.

Six years ago Jim Willie said the dollar will crash when Saudi Arabia announces they will allow oil purchases in Yuan. It appears as though the cozy relationship between the US and Saudi could come to an abrupt end very soon...

Slash Oil Output Or Else! Senate Bill Would Remove US Troops From Saudi Arabia In 30 Days
https://www.zerohedge.com/energy/senate ... -us-troops

Oil War May Revive China's Yuan Ambitions
https://www.bloomberg.com/opinion/artic ... -ambitions

China, Saudi Arabia, the USA, Russia and everyone else are controlled by the same elite families behind the scenes. There is no true division. It's just for the common man to believe there is division among them. Nations, politics, the news, feminism, scandals, wars, mass shooting hoaxes and everything else that matters are all run by them, but in such a way as to create a false reality for the commoners, who believe every word they're told and cannot think for themselves. It's just theater, to create confusion, fear and hatred.

The same elites who are major capitalists are the same who financed communism and Nationalist Socialism, and set up China and Saudi Arabia.

[Cornfed]

One conspiracy theory that actually makes sense is that rich people sensed asset values were overpriced, and thus a crisis with money printing was needed to avoid a giant bust. No way this plan could be coordinated consciously, but subconsciously is another story.

Of course the plan could be coordinated consciously. The elite give orders and their subordinates carry them out. Your alternative of a subconscious meeting of minds of people all over the world to do superficially insane things that turn out to be sane is a really far out explantation.

[Shemp]

One conspiracy theory that actually makes sense is that rich people sensed asset values were overpriced, and thus a crisis with money printing was needed to avoid a giant bust. No way this plan could be coordinated consciously, but subconsciously is another story.

Of course the plan could be coordinated consciously. The elite give orders and their subordinates carry them out. Your alternative of a subconscious meeting of minds of people all over the world to do superficially insane things that turn out to be sane is a really far out explantation.

You obviously have never spent time in the corridors of power rubbing elbows with the elite. Our leaders are bumbling idiots to a greater extent than most commoners dare imagine. However, these bumbling idiots are very cohesive at forming a good old boys and girls network. They may fight amongst one anther for supremacy, and this the give the appearance that the people control the government via elections. But when faced by attacks on the elite as a group by commoners, the elite immediately form a united front in defense. Secret of their cohesiveness is groupthink, which is what I meant by subconscious. In a crisis, they all immediately come to the same conclusion, without conscious thinking. Often this conclusion is wrong, of course. In the case, the conclusion is possibly correct. That is, money printing is just what is needed now to keep the elite securely in power.

[Cornfed]

You obviously have never spent time in the corridors of power rubbing elbows with the elite. Our leaders are bumbling idiots to a greater extent than most commoners dare imagine. However, these bumbling idiots are very cohesive at forming a good old boys and girls network. They may fight amongst one anther for supremacy, and this the give the appearance that the people control the government via elections. But when faced by attacks on the elite as a group by commoners, the elite immediately form a united front in defense.

For that to be true there must be a huge global network that are in contact with each other to somehow enable themselves to all come to the same insane conclusions at the same time. For this to be effective, why would we not posit a smaller elite coordinating it all? That would make the most sense. They also seem to be able to carry out agendas over several generations, which would suggest central coordination rather than some kind of uncanny mind meld.

[Moretorque]

One conspiracy theory that actually makes sense is that rich people sensed asset values were overpriced, and thus a crisis with money printing was needed to avoid a giant bust. No way this plan could be coordinated consciously, but subconsciously is another story.

Of course the plan could be coordinated consciously. The elite give orders and their subordinates carry them out. Your alternative of a subconscious meeting of minds of people all over the world to do superficially insane things that turn out to be sane is a really far out explantation.

You obviously have never spent time in the corridors of power rubbing elbows with the elite. Our leaders are bumbling idiots to a greater extent than most commoners dare imagine. However, these bumbling idiots are very cohesive at forming a good old boys and girls network. They may fight amongst one anther for supremacy, and this the give the appearance that the people control the government via elections. But when faced by attacks on the elite as a group by commoners, the elite immediately form a united front in defense. Secret of their cohesiveness is groupthink, which is what I meant by subconscious. In a crisis, they all immediately come to the same conclusion, without conscious thinking. Often this conclusion is wrong, of course. In the case, the conclusion is possibly correct. That is, money printing is just what is needed now to keep the elite securely in power.

Definitely a stooge mentallity, they control the purchasing tickets over the worlds economies so they decide the direction it goes. Why do you think they set it up so they have unlimited purchasing tickets to decide the dictates of their fascist utopia going up world wide ?

We'll give them this, the real producer class is to inept to realize what the financial class has done to it therefore it cannot govern itself in any type of meaningful way heading forward. I just object to how our rulers are going about taking it over and down, the system they have erected is the easiest way to meet their objectives and that I agree on....

[Neo]

The kings and the aristocracy have never given up their power. The elite Jewish bankers and merchants simply intermarried with the aristocracy and royalty across the world, turning all of them into secret Jewish elites (although somewhat diluted with Anglo, German, Polish, Russian and other genes). The aristocracy and royalty already had a worldwide network because of their close family ties; they are all related to each other and prefer to marry only each other. Most of the powerful people who run this world secretly belong to these families. They just keep it secret that they are all interrelated and that they are Jewish. These are the ones who control the banks, media, courts, police, governments, universities, foundations, science and everything else of any importance.

[StanfordGuy]

Feeling misgivings about that trade last Thursday. This market is unlike any I've ever seen before, so I really don't know what I'm doing anymore, but then I don't think anyone else knows either.

USA stocks were extremely expensive in February, while many non-USA stocks were fairly priced. However, massive money printing performed or announced since then, plus simultaneous supply and demand destruction, makes it difficult to know what the situation is currently. Stocks are long duration assets, so temporary supply and demand destruction should not drastically change their values. Neither WWI nor WWII, for example, had a big effect on long term stock values in non-defeated countries. But massive money printing is another story.

Since 1933, deflation is no longer on the table. That is, money, once printed, does not get unprinted anymore, like it did prior to 1933, such as following the great inflations of the Civil War and WWI in the USA, or inflations of the Napoleonic Wars and WWI in Britain. If the money supply is permanently much bigger, real asset prices should also permanently be much bigger. Then again, Japan experience from 1989 to now shows that money printing does not necessarily cause massive real asset inflation, especially if real assets were excessively over-priced to start with. Rather, inflation from money printing just offsets deflation from asset prices returning to normality.

One conspiracy theory that actually makes sense is that rich people sensed asset values were overpriced, and thus a crisis with money printing was needed to avoid a giant bust. No way this plan could be coordinated consciously, but subconsciously is another story. That is. rich people accept the narrative because they know subconsciously that this is the only way to avoid a price crash. Poor people accept the narrative because they want to suck up to rich people.

At least nothing I own is terribly expensive, so worst comes to worst, I just get low returns, but then I've bren getting low returns on non-USA stocks since 2013 or so, so nothing new there. Otherwise, I now have better inflation hedges than before. Still feel uncomfortable, but then markets climb a wall of worry, as the saying goes.

Ah, the shitty life of a speculator. One level up from a cockroach. If you had any real brains you would be a venture capitalists like me