The Fuse Has Been Lit

FuseLit

Yesterday the US Mint runs out of silver eagles. Of course, the US Mint/Govt was the last one to announce the news. Everyone in the alternative media/blogosphere heard about it through silver eagle dealers who heard about it from their US mint approved participant supplies (A-mark, etc).

Then today the news hits that all trading on the NYSE is “suspended” due to a “technical glitch.” Just overlook the fact that the trading halt occurred just as the the entire stock market was about do an “elevator shaft” plunge. Funny that – the market never seems to “break” or incur a “technical glitch” when the stock market is spiking higher in inexorable parabolic fashion on some bogus economic report.

If you want to see what an elevator shaft plunge looks like when a “breakage” or “glitch” is not imposed on a market, look no further than what happened to silver yesterday:

silver

This is what selective capital controls look like. A colleague asked me just now if the NYSE had resumed trading yet (2:15 p.m. EST).  I replied: “Does it really matter? It’s irrelevant. The fuse has been lit. This is the start of capital controls. It’s no different from what China is doing. Just wait till they start lowering the gate on mutual funds…then banks….”

I warned last summer that it was time to get your money out of all fixed income mutual funds. I’m sure no one listened. Now it’s time to get your money out of ALL mutual funds. In fact, anyone with half a brain would get their money entirely out of the retirement fund system.

They are in the process of looting retirement funds, only they are using a method that did not occur to me until I applied the same methodology being used on Greece: impose an amount of leverage on the entity in a manner which enables the elitists to “gut” the entity from the inside out.

Most large pension funds – Public and Private – are severely to catastrophically underfunded. This means that the net worth of the fund is below 50%. What’s amusing is that many big pension funds are still throwing money hand over fist at Private Equity firms. These PE firms are paying retarded valuation multiples to invest in businesses, especially tech start-ups. When the stock market crashes despite attempts to “break” the market, PE investments will be wiped out and pension fund net worths will be wiped out. That’s how they are gutting the retirement system.

The Fuse has been lit – it’s only a matter of time before there’s a huge financial mushroom nuclear cloud – to be followed by nuclear mushroom clouds…

mushroomcloud

6 thoughts on “The Fuse Has Been Lit

  1. im so glad that i liquidated all my worthless Silver and went into the Fraud Markets at their all time highs like my idiotic friend encouraged me to……yeah, u betcha….PSYCHE!!!!!!!!!!!!!!!

  2. Enjoy the work that you produce. I just want to point out that
    the CME closed all there trading pits effective July 3rd 2015.
    The only remaining open outcry pit is the S&P in Chicago.
    The S&P remains open in order to facilitate options positions
    for hedging purposes. Not trying to be critical but referencing
    a open in the pit gives the illusion that physical traders are biding
    and offering . It is now just computer algorithms matching trades.
    Yes I miss open outcry. Thanks for your great work !

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.