Nothing matters, except stability or instability in the debt Market.
Yesterday we watch that 10-year yield just bumped right up on 3.3%
right now we're we've come down with 3.26 as I am doing this video
blog.
Now this is no Miracle or no accident that we're seeing that 10-year
yield drop, trust me on this one.
The Federal Reserve and central banks around the world are watching.
The bond market they have chosen.
Think about what I'm going to tell you right now, for a moment central
banks, none more so than the FED has chosen to take the largest aspect
of this Market, which is the dead market and all the officially rig
prices to the downside.
Now, for well, over a decade since the last meltdown here, they're
responsible for inflating, a monster, and they are well aware of that,
they've gone out of their way to inflate, this monster buying all That
debt trillions upon trillions upon trillions of dollars of it,
inflating a monster that is engulfing the world.
And again this this is not by accident, this bubble has been hyper
inflated by designed to eventually let it implode.
Now guy we know how central banks work.
This is what they do.
Serial bubble blowers and, you know, all this is leading up to a
climax.
You are well aware of that.
I've covered this fried enough for years.
Eventually.
We will get it.
Meltdown here in the debt market.
Now, look, it's very possible that we're going to get there now.
Okay, we need to watch their 10-year yield the MMR.
I you watching the MRI yesterday two point.
No, I'm sorry.
222 point for I would expect the MRI to come down a little bit early
on today.
Look, economic news.
Let's just talk about that real quick.
So we found that the Us unemployment rate.
Ticked higher.
And of course it's unexpected.
Of course it's unexpected.
Why would you expect that an economy that's in?
Free fall.
But anyway, that's just the way it's going to go here.
And this this issue with the dollar, let's talk about that just real
quick, okay.
You understand how the Dixie works or the relative strength of the
dollar.
You comparing dollar strength to other currencies around the world.
Its absolute strength which purchasing power is evaporating every
single day.
Inflation continues to go higher around the world.
But being that we're talking about dollars here I'm referring to the
Federal Reserve Note known as the US dollar here.
So many
Any months ago, maybe even a year ago, I had explained to all of you
that I believed that we were going to see the relative strength of the
dollar or the Dixie continue to gain.
And that's exactly what has happened here.
I still believe there is upside here in this environment.
Now, a lot of this may be dependent on what happens to the 10-year,
yield the yield curve itself and Global bond yields if, for example.
We see things kind of normalize a little bit.
You would expect to see some of the relative strength of the dollar
disappear, but I don't think that's going to happen.
I believe we're still going to see a knee-jerk higher with the
relative strength of the dollar and that can potentially.
And it depends on how high this gets people because I've explained to
you.
And, you know, this already, I believe that multinational
corporations, they don't like to see the dollar where it is now, and
this has a potential to affect earnings.
All kinds of stuff and it could hit the market, okay?
But look, we also understand that this is a rigged game.
You have the Federal Reserve itself buying the market.
They say, they don't buy stocks, they're buying stocks, okay.
When the FED says one thing, believe me, they doing the opposite of
it.
You know it's laughable to I'm watching.
I think it's Bloomberg this morning and the talking about the photo
reserve's balance sheet how it is dropping?
Oh why don't they show us the real balance sheet?
The other one, you know how this works.
Every major corporation and the photo Reserve is a corporation has to
balance sheets one.
The public can see, you're allowed to look at the other one, all the
stuff that no one really gets to see Ever.
No matter who you are, doesn't matter if you're the president of the
United States or anybody else.
It's just something that the FED higher-ups are privy to see and
that's all.
So, it's laughable, it's the game.
Okay, look here, don't look here, the feds doing its job if it is
gaining credibility.
Look at, I mean, that's another thing that talking about fed
credibility, they're parading out freaks here on the mainstream
propaganda.
Ministry to tell you the fittest gaining credibility because its
balance sheet, is shrinking, really?
It's not helping inflation.
Now, is it.
So what they do again, these are paid shills, they float these people
out here Are they make?
They feed them a script.
Read this to try to convince people that what they're seeing again is
not real.
The usual phenomenon that just continues and continues and continues.
So you're going back here.
I don't care about economic news.
I don't care about earnings forward guidance, PE ratios, none of it,
none of it and neither should you.
The key here is the debt Market.
The key key here is the 10 year, yield forget about the the yield
curve being as most inverted in history.
Okay, we I mean, you know, there's a lot of these Talking Heads trying
to convince you that we are not going into recession.
Our economy is strong and there's actually zero inflation.
I mean that's how twisted.
Is but what else would you expect?
Anyway, she look on the back of this, this ticking up higher in the
unemployment rate.
I'm laugh and stock futures are higher stock.
Futures are higher this morning because the 10-year yield came down,
okay, the market right now Market participants people like you and I
institutions.
They are watching that 10-year yield, just like you and I are.
Okay, they're looking for signs of stability here in the dark in this.
Debt Market.
If the debt Market, regains stability, if the 10-year yield were to
come down the stock, market's going much higher, it should make sense
to you.
Another player, here must be crude oil, crude oil has been getting
smashed lately.
Okay, crude oil?
Right now catching a bit.
So you right now this morning, here's the setup.
You got a 10-year yield lower.
You got crude oil.
Getting bit higher.
You go to the dollar, the relative strength, which is lower.
So the setup for the market is not bad today.
Understand, let's see how it plays out.
Throughout the day.
If in fact 10 year yield Rises Michael's gonna hate it.
It's gonna hate it.
Like I've been telling you for the for a while and you've been
watching it play out right before your eyes.
I'm not making this stuff up out of thin air, you understand?
Okay.
What else is happening here?
Golden super catchy bid this morning.
You know, let me talk about that real quick.
A lot of you continue to write to me and I'm very disappointed with
the performance of gold and silver.
I get it.
I understand that it's not a real, it's not real.
Again, what are they doing?
Major Banks.
None more so than JP Morgan is using the derivative to manipulate the
price of the hard asset.
Okay, I've covered this.
A million times only in an upside-down world with a hard asset derive
value from a derivative generally, the derivative derives value from a
hard asset, but this mechanism is upside down.
So Banks, like JPMorgan and there's others can get in here and twist
it and rig it to the Outside.
Look, gold and silver.
Are the place to be when the debt Market finally does implode.
Alright, that's all because cash is just going to move like it.
Look cash moves through the market and predictable patterns, okay?
When you have a risk on environment and it remains risk on okay,
despite what we're seeing here lately with the turmoil, in the market,
because the because of instability in the debt Market, okay, we got
that eventually when we get implosion in the debt market and
everyone's talking about it, It's going to happen.
Your major Wall Street Banks.
Morgan Stanley came out.
Just a couple of days ago, explaining a debt Market implosion as well.
Look, I don't pull this stuff out of a hat made.
Eubanks going to cover themselves as well.
Say, okay this is going to happen at least we warned, you understand.
So when that implosion occurs cash is just going to move again, you're
gonna get
Bleeding off of cash, cash is going to leave the debt Market faster
than you could possibly.
Imagine.
This is what you're going to see that rapid spike in the 10-year
yield, like we witnessed recently and recently before that, you know,
3.25 3.35, 3.45 bank, for bang, bang, bang higher.
It's gonna crush the stock market.
So what is Cash, go?
You know what this includes?
Little money wings and fly away because in fire way to money having
now it's gonna go into Commodities, okay?
And Goldman Sachs even said that too.
So you got major Wall Street Banks, He's backing up with Greg.
Mannarino has been telling you for years is going to happen, so you're
holding hard assets, physical gold, more specifically, physical
silver, the most undervalued asset on the planet Bar.
None in my opinion do your own research for when that cash eventually
moves.
That's all okay.
So don't look for gold and silver to be making any profound moves
until that that market implodes, in fact, embrace the rigging, if
they're going to rig the price of gold.
Go to the downside.
Well why would you want to take advantage of that and buy it while
it's on sale?
That's my take on it.
Look, you're entitled to your own but again I keep getting bombarded
every day gold and silver gold and silver.
Greg one's gonna go higher blah blah blah.
I mean that's just my take I've been telling you this forever