SoT Market Update: “We’re Fighting Evil”

It’s depressing to know our entire world is this corrupt – Rory Hall, Shadow of Truth

The brown stuff is starting to hit the fan blades.  The trading was suspended on the NYSE this morning right about the time the entire stock market was about to go off a cliff.

UntitledOn Monday one of the primary HFT Electronic Communication Networks “broke” in the middle of a big sell-off in stocks in response to the “NO” vote in Greece. Interestingly, when the stock market did a “U-turn” yesterday resulting in about a 40 point swing in the S&P 500 and a 400 point swing in the Dow, none of the major HFT ECN’s seemed to have any issues.

But, the fact that they had to unplug the entire NYSE today tells us how desperate they are to keep the market propped up in the face of rampant sell programs hitting the market.

Two things are inevitable:  1) at some point money managers running large pension portfolios, hedge funds and mutual funds have to regard their fiduciary duty to their investors and get rid of their historically overvalued stock positions – this will cause a major sell-off in the market because the ONLY buyer is the Federal Reserve;  2)  at some point the elitists will prevent widespread selling by declaring market “holidays” and lowering redemption “gates” on mutual funds – in other words implement capital controls. Both of those two events are fait accompli.

The cause of this week’s market turmoil – at least on the surface – is the Greece situation. Paul Craig Roberts published an article yesterday in which is noted that the IMF’s statement about Greece released a couple days ago signals to us that the U.S. is flexing its muscles on this situation, which means a resolution to this crisis will occur which keeps Greece in the EU.  Apparently the “front-office” neo-con-in-chief, Victoria Nuland, was recently visiting Tsirpas to exert undo influence on his decision-making process.

But there’s more going on behind the curtain that hides the real Wall Street and DC than just Greece. When the report hit the tape that Tsirpas caved in and begged for mercy from the Troika, the stock market bounced briefly and then sold off even more. The fact that they couldn’t prop up the stock market with most of it closed on a week in which the majority of market players are still at the beach in the Hamptons reflects bigger problems occurring behind the scenes than Greece.

Finally, as most of you are aware, the U.S. mint declared “force majeure” on its legal requirement to produce enough silver eagles to meet demand and suspended sales at least until the beginning of August.  In simple terms:  the U.S. mint is out of silver and the Comex is out of silver that it can hypothecate to the mint.

We are starting to see the collateral damage and unintended consequences of unfettered Government/Central Bank intervention in the markets and in world affairs.  Domestically, the U.S. has been terminally infected with rampant criminality and corruption. Internationally, the neocon-fueled U.S. Government has become a despised tyrant working furiously to exert it rapidly waning authority on global affairs.

I know Rory prays everyday that I’m wrong, but my instinct tells me that Victoria Nuland and her neoconservative band of scumbags who control U.S. foreign policy will eventually resort to flinging nukes at that which they can not control…

11 thoughts on “SoT Market Update: “We’re Fighting Evil”

  1. Funny Dave, regarding corruption. I think most people know their politicians are corrupt but they believe they’re being corrupt to help out Americans. I had a brief conversation the other day with my fairly close friend. He said that he knows it’s all corrupt but that it’s ok to be corrupt because that’s how the US wins!!! He was partly joking but I think he truly believes this to some extent. And he isn’t some hardcore US apologist at all, he is Swiss Canadian and very socially aware and votes Green. I think he has his retirement tied up in stocks and bonds. A few years ago I managed to convince him to buy pm’s. I try to explain about the endgame soon but he basically just rolls his eyes and laughs me off, in a somewhat nice way. He asks, “so what’s the gold price now?” As if that means anything. 99% just doesn’t have a clue, and I’ve even exposed him to the facts. They have no idea that everything they experience is the result of a bubble. Boy people are in for a wake up call, and I fear that they’ll continue believing the lies and propaganda the media will be spoonfeeding them regarding the war. Truly sad.

    1. Some time ago I watched a video made by Earl Nightingale titled “The Strangest Secret”

      a key quote worth remembering from that video was this –
      “…whatever the great majority is doing on any given circumstance, if you do exactly the opposite, you’ll probably never make another mistake as long as you live.”

      The majority refuses to buy gold and silver, then in order to avoid the mistake of the crowd (or if you prefer, the herd) buy gold and silver.

      Consider this-
      the crowd bought dot com stock, the crowd bought overpriced real estate with NINJA loans or took out too much from HELOCs, the crowd bought beanie babies, etc.

      It is best to avoid the crowd’s advice and their smug overconfidence and avoid their favorite investment/money losing paper assets/ponzi scheme and buy real wealth, namely gold and silver.

  2. Fling nukes…Obama? Are you kidding me? Obama/Kerry are bent over the negotiating table in Vienna getting it good and hard from the Iranians. Obama is more likely to surrender to Tehran than fire a nuke.

    1. Obama doesn’t have a say. He’s a hand-puppet for the people who can’t see or hear. Kerry is nothing but a pathetic product of marrying well.

      1. So what is the fabulous plan to overthrow Iran…Let me guess…the Jews…where have I read that before.

  3. Dave I listened to your conversation with Rory and the fact that Tsipras rolled over due to pressure from Nuland.
    I wonder what Putin and Russia (and maybee China) have to say about that?
    After all Putin is planning to let his south stream pipelines run through Greece and the question is if he´s willing to be obstructed by Nuland?

    This is a game of chess where we now Putin is a master player.

  4. Eric Holder, Wall Street Double Agent, Comes in From the Cold Barack Obama’s former top cop cashes in after six years of letting banks run wild By Matt Taibbi July 8, 2015

    Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly – this is no joke – was kept empty for him in his absence.

    The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-style, as the best defense lawyer Wall Street ever had.

    Holder denied there was anything weird about returning to one of Wall Street’s favorite defense firms after six years of letting one banker after another skate on monstrous cases of fraud, tax evasion, market manipulation, money laundering, bribery and other offenses.

    “Just because I’m at Covington doesn’t mean I will abandon the public interest work,” he told CNN. He added to the National Law Review that a big part of the reason he was going back to private practice was because he wanted to give back to the community.

    “The firm’s emphasis on pro bono work and being engaged in the civic life of this country is consistent with my worldview that lawyers need to be socially active,” he said.

    Right. He’s going back to Covington & Burling because of the firm’s emphasis on pro bono work.

    In this light, telling reporters that you’re going back to Covington & Burling to be “engaged in the civic life of this country” seems like a joke for us all to suck on, like announcing that he’s going back to get a doctorate at the University of Blow Me.

    Read more:

  5. Kerry has been pushed aside by the Neo-Cons. The War has already started. Ukraine, Syria, Yemen, Greece, Central Africa. And yes, these people do believe they can win a first strike nuclear attack on Russia. I think they’re sorely mistaken but when the day comes they’ll be hiding in a bunker and we’ll have to pick up the pieces. I started buying PM’s before and during the Financial crisis pre 2008. I couldn’t understand the whole mortgage backed securities thing. So I started doing some homework. I found out the whole thing is a ponzi scheme. That’s when I started buying PM’s and getting out of the system. The USD and who gets to make the money is the key. I didn’t understand that years ago. China and Russia know this. I didn’t know it back in 2008 but I’ve come to realize that Gold & Silver and a CRIMEX/LBMA default will bring the house of cards down. I don’t know how this plays out in the end but I don’t think it’s going to be good for any of us. Unless scraping up glass for the next 100 years sounds rewarding.

    1. NeoCons? You mean the Jews? The world has had wars, pogroms, economic catastrophes, etc. for thousands of years…and they are not all the result of ten guys casting spells in a dark room…they have a life all their own. You can lay all the shit in Ukraine at Putin’s doorstep…a cheap thug who has delusions of being the new Czar. Central Africa has been a toilet forever…it needs no help from the outside world. I’ve been there.

      1. The neoconservative political movement was pioneered in Israel, but not all neocons are Jews, unless you think the Bush family, Dick Cheney, and a whole host of other Governmental vipers are Jews in disguise. I can assure you Bush and Cheney are not.

  6. Big banks to public: “Last one out, turn off the lights”

    PPT: “Done.”

    To answer your question about where to relocate the US Capital: That’s easy. Just move it to the middle of Alberta, Canada – somewhere in a tailing pond from the Oil Sands. That ought to make it hard enough to get to so that no more damage could be done.

Leave a Reply

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

Time limit is exhausted. Please reload CAPTCHA.