“SUBPRIME IS CONTAINED” cira (2008)
Five valued in the BILLIONS just 50 days ago have collapsed.
Silvergate; Silicon Valley Bank; Signature Bank; Credit Suisse; First Republic Bank.
Everyone says it’s contained. WOW, contained?
Gold says likely NOT. It closed at 1990, ( paper price), delivered real price USD 2125 and Silver closed at 25 ( paper price) delivered real price USD 56.50. Now I guess if everything were “Under control” the prices would be 42.22 for Gold and $9.00 for Silver. I guess not.
Now one of my fav commentators always ends a segment with the CLOWN WORLD. Guess what Chairman of a Central Bank was pranked into revealing that he planned 2 mor 25 BPS raises, pranked by a russian accented hacker impersonating Zelinsky from the Ukraine. But then virtually all politicians are inches away from being clowns if not already. YEAH ITS CONTAINED.
I’ll be the last to call all politicians stupid, but not hesitate to identify a large proportion of them as vicitims of psychopathic hysteria not different than the rodents in the Pied Piper. The only difference seems to me to be that each episode of their victim-hood, seems worse and more stupid than the previous episodes (laws).
DENALIGUIDE LETTER APR 30, 2023
“SUBPRIME IS CONTAINED” cira (2008)
GOOD STANDING LIST as follows: AYA.TO, TKO.TO, RGLD,
AU, EDV.TO, HL, EQX, GGN, PAAS, BTG, SSRM, IMG.TO, ME.TO, DPM.TO
SBSW. They are the best moves so far, and the larger of what I will cover today.
Janet Yellen and the Australians say “ Everything is fine”. Bravo !!
Alisdar McCleod and Andrew Maguire dont agree.
First Republic just been acquired by JPM.
Now we have a vote by Republican Majority in the house, to force spending cuts, leading to a debt ceiling increase. Do you save the Dollar, the Debt, the credit rating, or the Financial system. First guess doesn’t count.
Lets ask ourselves why the Central Banks have bought ovrer 500 tonnes of Gold this year, and yet want to issue to the population Central Bank Digital Currencies.
Which would you rather have ? Iraq, Libya, Ukraine, what they have in common s the US ripped them off for their GOLD. Gee everyone loves GOLD. So what do you do when the price starts accelerating ? Do I know? NO, not until I see its acceleration indexes, which I do know how to measure.
CRE, CDS, Derivatives. M2 – M3 What do they have in common? Their value disappears when things go BUMP in the night. Question is WHO is ready?
OK WHAT DID WE COME HERE FOR? 1. PRESERVE CAPITAL;
- MAKE CAPITAL GAINS WITHOUT BREAKING THE LAW.
SO HOW WILL WE GO ABOUT THIS ?
Well for my first part, lets go with the BIGS on or not my GSL First SBSW and so it contniues for subscribers.
The reco’s and other categories continue………….
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