The purpose of an economy is not to clear markets efficiently or generate profits for businesses, but to make, improve, and distribute enough things to support a good life for as many people as possible. There is no fixing an economy if that is not the central focus of analysis.
What do the two below have in common? Aside from both being charged with “crimes,” each case reveals something far deeper and more insidious: the betrayal of our people, for the state that rules us is no longer a shield but a weapon turned against its own.
In Dundee, Scotland, a…
@great_martis 1200kw/h per bitcoin transaction. What a home uses in a month. THINK about how insane Bitcoin is. It makes absolutely NO SENSE on any measure. Its a crazy ponzi scheme because we are living in super SUPER crazy times. Where .gov is trying to kill its people, and idiots run things
@Augger1@Geiger_Capital Once
"The full faith and credit of the United States" / aka
the Promise to pay Debts
is called (further?) into question
the house of cards implodes 🔥💥
@charliebilello I'm thinking the Fed realizes something in the economy has already broke. They are signaling future rate cuts because they are certain economic conditions are about to worsen.
This may not be the rainbows & sunshine the equity market thinks it is.
Another reason for today's rally we are told is due to an imminent truce between Ukraine and Russia.
I'm not sure if that's real or fantasy.
However, I would note that gold miners made their last peak when the war started back in 2022.
$QQQ $SPY $NYA
As history suggests, the euphoric rally will end in dramatic fashion.
Soon, reality will set in for many who were unprepared.
Won't be long.
#KeepPraying - Are YOU a sinner too?
The gospel says we have all sinned, and fall short of the glory of God. Romans 3:23. It also says, If we say that we have no sin, we deceive ourselves, and the truth is not in us. 1 John 1:8.
Whats worse is the penalty for sin, and peple may…
The worst case scenario is not "collapse" or "civil war" or whatever else, it's that the current system just stumbles on forever, gradually getting worse and worse. Even South Africa hasn't truly "collapsed," it just sucks. People tolerate anything if there's no alternative.
At what point do taxes and inflation just become enslavement?
About the time you can barely afford to keep a roof over your head, your family fed and a car in your garage.
I think we're solidly there.
$SPX is SO CLOSE to TOPPING before beginning the next major wave down as we are at major resistance holding confluence of 90-100% exts, 200DMA, and Weekly FVG.
If we see a Daily close below 5582, that is the first warning sign we are starting to pullback.
However, the cross of…
$SPX WARNING: A MULTI-YEAR BEAR MARKET IS HERE!
The 16-year rally ended at the 6147 high with a bearish ending diagonal formation.
We're now in the early stages of a CATASTROPHIC DECLINE, and price is expected to break this 6-month range escalating MUCH LOWER.
Although I…
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