Goldtent TA Paradise

https://spencerfernando.com/2023/03/21/report-liberal-government-says-katie-telford-will-testify/?mc_cid=8ca7c7e028

In a ceremony at the Kremlin, and on the second day of Chinese leader’s Xi Jinping’s visit, Putin and Xi kicked off formal talks which will focus on the Ukraine crisis. They shook hands and stood side by side as their respective national anthems played, aired on state television. Following the meeting, they held a joint press conference, to be followed by a state dinner at the Kremlin.

Last night’s greeting and starting ‘informal’ talks lasted about 4-and-a-half hours. In addition to Ukraine being high on the agenda for the ongoing summit, Xi outlined in initial comments Tuesday that China wishes to expand cooperation with Russia on trade, and hopes that Russia promotes liberalization, facilitation of trade and investment, alongside both sides maintaining security and stability of industrial and supply chains. Importantly, Xi invited Putin to travel to China at some point this year. Putin showed willingness on these points, also stressing that Russia stands ready to meet China’s growing energy needs.

Putin also said his country stands ready to support Chinese business replacing Western companies inside Russia that left in the wake of the Ukraine war. “We are ready to support Chinese business in replacing Western enterprises that left Russia,” Putin said.

But among the most important statements to come out of the day’s formal China-Russia summit and press conference was concerning the further erasing of dollar-reliance in favor of the yuan. Putin said, “We support the use of Chinese yuan in payments between Russia and countries of Asia, Africa, and Latin America,” and further expressed confidence that such “forms of payments will be developed between Russian partners and their colleagues in third countries.”

ZeroHedge

In response to an earlier thread between Sirs Chartsmaster, Farmer et al … I’m not sure even the wave A for raising rates is over … We’ll know in 24 hours.

I have been writing about it since 2009, and the word has gotten around the financial analysis community pretty well since then. See https://t.co/hl12BRrTCr. https://t.co/v6JuqWhoS9 pic.twitter.com/ubX40mRwqj

— Tom McClellan (@McClellanOsc) March 21, 2023

#######################

July 31, 2009

In 14 years of newsletter writing, I have so far been 100% accurate in predicting what the Fed should do. What the Fed actually DOES do, however, is quite often different from what it should do. Since the Fed cannot possibly cut rates any further than zero, most of the discussion of Fed policy has to do with when the Fed will start to raise rates again.

Exactly how public traders and investors would react to the news of a change in the FOMC’s thinking would likely depend on how much foreshadowing the members of the FOMC did in speeches leading up to the action. A surprise hike, coming out of the blue, would likely have a bigger effect than one which had been subtly but repeatedly telegraphed.

Concerning how the market itself might respond is a bit more of an economic physics question, and thus easier to answer. Right now, the Fed has a lot of room to raise rates without being oppressive to the market. I like to look at the spread between the 2-year T-Note yield and the Fed Funds (FF) target. The 2-year seems to know what the Fed is going to do well before the FOMC itself becomes aware. The 2-year yield bottomed at 0.64% back in December 2008, when the FOMC dropped its target rate from 1.0% to “between 0% and 0.25%”. The 2-year yield is now above 1.0%, and is thus saying that the Fed is keeping rates too low for too long.

It gave us that same message in 2003-04, but the Fed was not listening then, and the result was like feeding gasoline to the housing market inferno. Keeping the FF target rate below the 2-year yield is very stimulative to the stock market. Similarly, having a FF target well above the 2-year yield acts as a big depressant. If the Fed wants to get out of this cycle of giving the economy a sugar-rush and then crash, then setting the FF target where the bond market tells us it should be set would be much more appropriate, and would lessen the wild swings in both interest rates and economic activity. In other words, we don’t so much need district governors setting policy as much as we need mechanical overspeed governors.

Had the FOMC started dropping the FF target from the 5.25% level back in 2006 when the 2-year yield started falling, then the puncturing of the housing bubble would (IMHO) been far more gentle. The longer that the FOMC leaves the target too low, the worse will be the magnitude of the next problem that is getting started now. Ironically, the Bernanke Fed gets a lot of credit for cutting rates rapidly in early 2008, while the Fed should more appropriately be given huge amounts of blame for leaving rates too high for too long. Given where the 2-year yield is right now, if I were made emperor of monetary policy I would raise the FF target right now to 0.5%. and then raise it again at the next FOMC meeting to 0.75%. Since the 2-year T-Note yield is just above 1%, a FF rate of 0.75% That would still leave about a quarter point worth of putting a thumb on the scale to help give more liquidity to the economy, but would lessen the risk of over-fertilizing. If anyone has Bernanke’s ear, you can tell him to call me. We could even have a beer together, since that is now the trendy thing to do.

Tom McClellan
Editor, The McClellan Market Report

#######################

GL

https://tomluongo.me/2023/03/21/fdic-insurance-credit-suisse-day-fed-killed-europ/

Another masterpiece by Luongo.

“The Fed did the opposite of what the market told it to do in 2019. Powell raised rates fast. He did this to “break something” as Danielle Dimartino Booth said all through 2022. This is why the “Pivot” crowd is crowing today that the Fed is headed back to the zero-bound and will restart QE. But they are wrong.” Tom Luongo

The Fed will raise tomorrow, if Luongo is correct.

https://slaynews.com/news/rand-paul-calls-anti-trump-ny-da-alvin-bragg-put-jail/

Speaking in London on Monday, Minister of State for Defence Annabel Goldie said some of the ammunition for the Challenger 2 battle tanks that Britain is sending to Ukraine includes armour piercing rounds which contain depleted uranium.

“If all this happens, Russian will have to respond accordingly, given that the West collectively is already beginning to use weapons with a nuclear component,” Putin said in remarks after a summit with Chinese President Xi Jinping. He did not elaborate.

https://www.usnews.com/news/world/articles/2023-03-21/russia-blasts-uk-move-to-send-ammo-with-depleted-uranium-to-ukraine

Increasingly shocking evidence of the impacts of what Ed Dowd suggests we should start calling a “mass democide” (death by government) continues to emerge.

Behind the scenes fascinating!

https://pierrekory.substack.com/p/reports-from-the-front-lines-of-the?

An exchange between my accountant and me illustrates

ACCOUNTANT
Any digital news subscriptions for which you kept receipts? (i.e. online Globe and Mail, online Toronto Stars, online National Post subscriptions, etc..)?

I HAVE ABOUT $100 A MONTH IN SUBSCRIPTIONS TO DIGITAL PLATFORMS CALLED SUBSTACK NOT TRADITIONAL NEWS PAPERS

ACCOUNTANT
To claim the digital news subscription, the platform must be registered as a “Qualified Canadian Journalism Organization” on CRA’s directory. Substack is not one of them and won’t qualify.

Russian cosmonauts flying the Chinese and Russian flags in space.

“A warm welcome to Russia for the leader of China,” emblazoned on giant blue billboards.

A dinner menu including roast venison in cherry sauce, sturgeon soup, quail and mushroom blinis, Siberian white salmon, pomegranate sherbet, a pavlova dessert, and two wines chosen by Russian president Vladimir Putin himself.

Talk about pulling out all the stops.

Russia is rolling out the red carpet for Chinese leader Xi Jinping, who arrived yesterday for a three-day visit.

Mr Xi, who fashions himself among China’s greatest leaders, is likely enjoying every minute of this lavish display, one fit for an emperor.

http://m5.emails.telegraph.co.uk/nl/jsp/m.jsp?c=%40r%2ByW9x%2FbQDcPyQICux2HpVqRTEOBYIH4exLeKflAx4yjdgmHMhJbpnlkCzTH8T9mXgjVYUaeY5lD7O%2BoLZr09w%3D%3D&WT.mc_id=e_DM123687&WT.tsrc=email&etype=Edi_Dis_New&utmsource=email&utm_medium=Edi_Dis_New20230321&utm_campaign=DM123687

Don’t forgot that your morning coffee today is racist pic.twitter.com/Ma3ArJTaBV

— End Wokeness (@EndWokeness) March 19, 2023

GL

“It’s not a stretch to conclude from this data that the vaccines are causing death, disabilities & injuries due to a degradation of individuals’ immune system…“

….data from the Bureau of Labor Statistcs (BLS) to reveal a shocking spike in both employee absence and lost worktime rates, which they believe is due to vaccines – either from primary vaccine injuries, or because of weakened immune systems due to the jab, and not long covid caused by the virus itself.

https://www.zerohedge.com/medical/extraordinary-change-labor-data-reveals-shocking-drop-workplace-attendance-following-vax

Down 25% today. Not a good sign for PM.

There are too many of them & they’ve purposefully gone in different directions to raise hell in *all* of Paris. Macron’s thugs can’t cope, so they strike—indiscriminately. The world is watching!

https://twitter.com/i/status/1637941175129722887

FRANCE – Macron survives no confidence vote … But they didn’t ask the people. And in the end the people will decide

https://twitter.com/i/status/1637898062852153344

Paris, France… this is absolutely epic, this is a revolution

https://twitter.com/i/status/1637935923735441408

Final Chapter in the Donbass front w/Dima from Military Summary Channel
Alex Christoforou, Alexander Mercouris, Dima (1:39:39)

https://www.youtube.com/watch?v=jyAADTu5X4k

depleted uranium to Ukraine. Putin, Russia forced to react. Lavrov, this will end badly for UK. U/1
Alex Christoforou (13:15)

https://www.youtube.com/watch?v=FJM4O786LWo

Russia Claims More Bakhmut, Prigozhin Warns of Ukraine attack; China Russia Go For Full Integration
Alexander Mercouris (1:08:40)

https://www.youtube.com/watch?v=n3igbb9q06I

MILITARY SUMMERY CHANNEL
(pending)

INDU seems to have completed its’ BT on the Triangle from below. Let us see it INDU closes below its dMA(200) @ 32,370 today.

IMO … SM goes DOWN from here. Possibly good spot to short the SM and whatever everything.

VIX seems to be setting a BLACK BULL FLAG. Could it? VIX going higher while INDU completed its BT. I think it does.

IMO. DYODD.

https://www.lewrockwell.com/2023/03/paul-craig-roberts/the-rise-of-tyranny-in-the-united-states-and-the-western-world/

The following paragraph says it all. “The piecemeal, fingers-in-the-dike character of this response can be explained in one of two ways: Either the morons running the global financial system were completely blindsided because they actually thought rising interest rates and a falling money supply would slow inflation without unintended consequences, despite a century of contrary experience. Or the evil geniuses running the global financial system have engineered a multi-faceted crisis as an excuse to assume total control.”                                                                                                                                                                                 Either one means they all need to be fired( as I said previously) after the immediate crisis subsides. Powell and Yellen and of course Joe in the next election if he decides to run.                                                              https://www.zerohedge.com/news/2023-03-21/and-just-tight-money-era-over

Toronto’s George Brown College is offering students trauma counselling and telling them they can file a human rights complaint after a guest lecturer said and displayed the “N-word” in a presentation last week.

https://tnc.news/2023/03/20/trauma-counseling-nword/

WHY WOULD ANY BUSINESS EVEN REMOTELY CONSIDER HIRING A COLLEGE OR UNIVERSITY GRADUATE THESE DAYS? 

Justin Trudeau explained Canada needs internet monitoring “to make sure we are protecting people’s freedom of speech, freedom of expression, making sure marginalized communities traditionally oppressed by majorities continue to be protected in all the ways they need to be in societies because there are lots of tools for majorities to oppress minorities everywhere in the world.

Trudeau added that society has to make sure “we are keeping people safe and not actually have people believe vaccines actually include a microchip that is going to track you or poison you, when it’s actually about saving your life.”

https://torontosun.com/news/local-news/warmington-trudeau-now-branding-opponents-flat-earthers

https://www.manchin.senate.gov/newsroom/press-releases/manchin-statement-on-president-bidens-veto-of-bipartisan-challenge-to-esg-rule-politicizing-americans-401ks

https://twitter.com/EndWokeness/status/1638017839847096321

Not advocating Violence of Course..it’s a metaphor …sort of !

https://twitter.com/i/status/1637994032361259009

Click 2 X to enlarge and See TEAM REVENGE !

I’m old enough to remember when Doctors and Scientists were the Good Guys and Lawyers were the bad Guys ! HA !

JEFF CHILDERS

I think they’re worried about us! In what appears to be a direct response to the long-planned Covid Litigation Conference, the Georgia State University (GSU) Law School, in conjunction with state agencies, suddenly announced a rival conference to take place two days prior, paid for by Georgia taxpayers and titled “The Public Health Administrative State Under Fire.”

They’d better believe it’s under fire. Just wait. We’re only getting started.

https://rumble.com/v2b9po4-attorney-jeff-childers-on-the-covid-litigation-conference-march-25-26-in-at.html?utm_source=substack&utm_medium=email

STEVE KIRSCH

https://stevekirsch.substack.com/p/recap-of-last-weeks-vsrf-update-pfizer?utm_source=post-email-title&publication_id=548354&post_id=109430815&isFreemail=false&utm_medium=email

USD still in the RED (shaded) Support Zone. I have added a BLUE FORK … as for UPTREND still holding. As long as 100/101 holds I see no issues for the USD. PO for USD remains 127/128 despite all the bear talk.

Pssst: today EQUINOX. Turn of a Tide.  Just saying!

IMO.DYODD.

Think of the situation in America as a chess game where one side has a great superiority on the board and is thinking “Mate in 3,” but then makes an overly aggressive move that loses its queen. That’s what may have happened the way the COVID authoritarians (or as I call them in my novel, Takers) have so alienated vast numbers of Americans with their brazen assaults on freedom since early 2020. We have a “teachable moment” in the country when the people can see how bad government control truly is.

So our task ahead is to make the most of this opening, to throw the forces of statism on the defensive.

https://www.aier.org/article/people-should-be-seething-mad-over-covid-and-much-more/

………..

Keep up the Pressure….Every Day…Speak your mind to anyone and everyone…critical mass is Accumulating…we won’t fall back to apathy .

I’m Fully wrong …again…I’m offering a service …like Cramer…Fade my Gold Calls…$250 please

Next Call…Up from Here

I retracted a post i just did

The headline was Trump accuses Desantis of pedophilia and being Gay

Comes from a Conservative site no less

Turns out its a False headline. Trump was just saying that Ron will eventually as he gets “more famous” have to fight off these kinds of allegations .

sheesh

… Win Stupid Prizes.

This is what (US) society has become when ‘electing’ for stupid prizes. US of A is lost. Will even get worse. Problem is they are exporting it. Soon all so-called developed countries will experience the same. At large the effect of ‘mandates’… peoples brain are literally melting away … each become more stupid And that is a real problem also as it cannot be saved anymore as damage is already done. No moral, no ethics, nothing whatsoever. A crumbling Nation. The worse thing … all by design.

https://www.zerohedge.com/political/miami-beach-declares-state-emergency-amid-spring-break-chaos

https://www.bitchute.com/video/pxSLcY1S2aHF/

Zombification of Humanity.

Which is why I posted on March 10th that the FED would be pivoting at the March meeting. “The bullshit about going back to 50 basis points is out the window. He will be cutting rates at the March meeting”.  So as this author suggests, anything less than at least a pause (I still think a cut is appropriate and necessary) would just be pouring gas on a fire. The facts have changed, that is what being “data dependent” means, you act based on facts not a pre determined narrative.                                                                                        https://www.marketwatch.com/articles/federal-reserve-rate-pause-financial-bank-panic-eb7c8356?siteid=bigcharts&dist=bigcharts

They can come out and say they will guarantee all bank deposits but that was implied all along by having the FDIC and the recent actions taken after the bank failures. The problem isn’t just about not having the money to do so, it is the economic and financial conditions created by the steep rapid rate hikes. People can get 4-5% in money markets and others are buying gold and silver. That means only two things, withdrawals will continue until rates come down to slow down the outflow, or withdrawals will be controlled. ie no more than a certain amount per month. If they can’t make that work the banks will close temporarily, Bank Holiday and everyone not holding a wad of cash is screwed.                                                                                  https://www.zerohedge.com/markets/us-studies-how-guarantee-all-18-trillion-us-bank-deposits

REPOST : 4 MINUTES >>>>> PASS IT ON AND ON AND ON ! DON’T LET THEM GET AWAY WITH IT

EXCELLENT SPEECH AND EXPLANATION FOR THE FINANCIAL / BANKING CRISIS IN THE USA AND HOW IT IS LEADING TO MORE CONTROL VIA CBDC …HUGE…EDUCATION FOR THE MASSES REGARDING THE EVIL OF CBDCs …HE REFERENCES THAT KRISTY NOEM PIECE WITH CARLSON THAT STATES ARE UNAWARE THEY ARE BACKDOORING CHANGES TO THEIR “CODE” WHICH WILL ALLOW CBDCs TO BECOME ENDEMIC TO THE EXCLUSION OF OTHER FORMS OF MONEY .

ANYBODY WITH RESERVATIONS RE DESANTIS..THIS WILL SET YOU STRAIT..THIS IS BRILLIANT …MUST WATCH !!

“WE HOLD THAT CASH IS KING…IF YOU CAN HOLD IT IN YOUR HAND YOU HAVE POWER”

” OUR MONEY SAYS ‘IN GOD WE TRUST’ ..BUT WITH THE CBDC THAT WOULD CHANGE TO ‘IN GOVERNMENT WE TRUST'”

WATCH …WHILE I GO AND PACK MY BAGS FOR FLORIDA .

https://twitter.com/GovRonDeSantis/status/1637818887382396928

On 24 Feb 2022, Vlad Putin launched operation peace-for-Donetsk. Some people don’t like peace for Donbas go figure. Key to Donetsk being “livable”, returning evac’ed population, is Russian control of industrial city of Avdeevka, turned by Ukr into a new “fortress Konigsberg” and artillery pad. Typical WEEKLY Russian advance against Ukr positions at any main axis was not more than 1/4 km, or 1/2 to 1km if lucky. Today, thanks to softening of Ukr ferroconcrete industrial and custom positions with newly manufactured 1500kg precision glide bombs, MoD regular mixed units of Donetsk natives and “mainland” Russian draftees advanced up to 7km from N/NE, almost reaching or possibly even crossing beyond railroad leading into Avdeevka from N/NW. “This is it”, early innings of development of the Avdeevka Cauldron. All you annoying “How’s Donetsk?” folks, have your answer from me. You wanted a Russian offensive, u got it. Have a glass of wine tonight. All haters on wrong side of God & history, u know how this ends in the end. Like Adolf H., u are creating a “monster” that was NOT in the cards previously. Russian industry, new mobilized army with draftee “embed” training model is following sharp improvement curve of 1943-onward. And u all know I’ve not mentioned tactical picture (except Russian setbacks) since July, so u can assume, something’s up.

Glenn Deisin Washington Based War Analyst

https://www.youtube.com/watch?v=mIOwUHvfMWc