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Ultra-Bullish Trends In Precious Metals 5 1/2 Year Downtrend Line War

by Andy Hoffman, Miles Franklin:

In yesterday’s must listen podcast with Kerry Lutz, I cited last week’s “historic market manipulation setting the stage for catastrophe” article, to emphasize that manipulation is the only reason the world is not amidst “history’s most overdue financial crisis.” Which in turn, would annihilate the “dotcom valuations in a Great Depression Era” that have inadvertently been created; whilst simultaneously, yielding the “rise of real money,” as the Gold Cartel is inevitably – and likely, irreversibly – destroyed.

At this point, anyone who doesn’t realize – and admit – this, is either lying or compromised, given how blatant the attempts to manipulate financial markets, economic data, and even elections have become. I mean, what part of the “dead ringer” algorithm, propping the “Dow Jones Propaganda Average” every day for at least the five years since I first described it, can anyone possibly miss? Yesterday alone, the dollar and interest rates closed at essentially their post-“Trump-flation” lows; whilst a swarm of hideous PiMBEEB news of all sorts engulfed the airwaves, such as…

James Comey will indeed testify to Congress that Donald Trump attempted to obstruct justice next week

Yet another post-OPEC “production cut deal” oil plunge

Collapsing mortgage applications and pending home sales data (c’mon Janet, I dare you to raise rates)

China’s manufacturing PMI “unexpectedly” plunged to a recessionary 6, whilst the “Google of China,” Baidu, was “unexpectedly” downgraded by Fitch due to its exposure to China’s imploding “shadow banking industry.” Or, as Jim Rickards causes it, “the greatest financial bubble in history.”

Due to exploding store closures, amidst the horrifying, irreversible “retail Armageddon,” Credit Suisse analysts forecast that 25% of America’s 1,100 malls will close in the next five years.

Reports that the Memorial Day weekend movie box office was the weakest since…drum roll please…1999.

The Fed’s own Beige Book economic survey reported weakening economic activity in nearly all U.S. regions

Trump’s (rightful) rejection of the Paris Climate Change Accord further alienated the U.S. from the rest of G-7, to the point that Angela Merkel essentially claimed she could no longer trust America

JP Morgan, which can do no wrong in its plum role as government partner-in-crime, pre-announced a massive, 15% year-over-year decline in trading revenues – caused, of course, by the historically low volatility created by the aforementioned, historic, government-led market manipulations.

The governor of the Bank of Italy said Italy’s major banks would take an $11 billion cumulative write-down if they sold their $22 billion of non-performing loans at market prices

The EU stepped up its aggressive BrExit “negotiation tactics,” setting the stage for political and economic war between the UK and EU. This, as polls regarding the upcoming UK “snap elections” unexpectedly showed that Prime Minister Theresa May will NOT have enough votes to form a majority government.

Relentless reports of U.S. political dysfunction, including the bombshell Comey testimony report; news that Obama Administration officials have been subpoenaed for spying on the Trump campaign; and I kid you not, Nigel Farage was named a “person of interest” in the ongoing “fake” investigation of Donald Trump’s fictitious collusion with the Russians.

But hey, when you have PPT’s – U.S. and foreign – buying stocks with “dead ringer” algorithms every day, the temporary perception that nothing can go wrong can be created. See below’s charts of the last three days, with stocks bottoming each time at the time of the Fed’s 10:00 AM “open market operations.”

Read More @ MilesFranklin.com

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