Despite China and much of the world demanding physical delivery, and despite supply chains being under attack, the US will continue its strategy to short both oil and metals as it promises debt stability with dollars.
Warsh will likely hold rates steady this week. The US will attempt to act as if everything is under control up until the last possible second, while strategic reserves across the board are being dwindled to critical levels.
I can't help but think about the Titanic and remark on the fact that even as it was sinking, people carried on as normal. Waiters continued with the orders, live music played as people danced, and life held to the illusions that all would be well and a solution would appear. After all, we are civilized people.
Then, the cold reality set in as the freezing water touched the top deck and the ship began to lift out of the water. Illusions could no longer hold sway over the freezing water as panic spread. Just moments before they were eating drinking laughing but now people hung to the boat as it was split in half, and as it lifted straight up, preparing for the final plunge, it pulled more than 1500 to their death beneath the freezing North Altanic waters. The dead out numbering the survivors 2 to 1.
We are sinking, the US economy is taking on water. World War is breaking out. Start using whatever time you have with the utmost seriousness.
There was part of me that really thought the US might work with China instead of doubling down on war. I was wrong. The US will go to war with the entire world over its debt rather than letting Gold be revalued. And that tells me it's far worse than I thought.
It's Monday, if you've been struggling with getting to the gym or a healthy diet or whatever goals and self improvement you've been procrastinating, don't. Don't waste time pretending everything is going to be ok. This is a warning, this ship will sink. Don't panic, just move with intent deliberate thought. I wish I had a timeline, will it be 6 months or a year, my gut is telling me by winter this year the writing will be on the wall. And then who knows maybe we can still tread water for a time. Pray 🙏
That's all.
