If the Fed would start catching all of the falling knives of U.S. bonds as they were tanking it would be the sucker trade of all sucker trades. The bonds would all be worthless even before they finished and no one would ever buy another U.S. bond. The yields would go to infinity on a zero value bond: 0⁰⁰.
What is zero raised to the power of infinity?
Zero. And the currency would therefore have the same value i.e., ZERO.
Kinda shivers me timbers too when Gary Savage says we missed the window for a market crash. It can’t happen now for another 4 years. How absurd. It makes me doubt everything else he says.
Couldn’t agree more about Financalot’s magic thinking. Pretty surprising since he’s always sounded like we were on the same page. I think he introduced me to Roth’s Diary.
Anyway, we’ve already been robbed. The ink toner on our statements is a lie. If there are 400 derivatives to a dollar that means whatever amount of them you have are really worth 1/400th of what you think they are. There’s no way around that.
the us govt could sell all its property that's held in conservation areas. they can only sell it once but it would keep the reserve going for a while longer.
If the Fed would start catching all of the falling knives of U.S. bonds as they were tanking it would be the sucker trade of all sucker trades. The bonds would all be worthless even before they finished and no one would ever buy another U.S. bond. The yields would go to infinity on a zero value bond: 0⁰⁰.
What is zero raised to the power of infinity?
Zero. And the currency would therefore have the same value i.e., ZERO.
Hi Rafi, I hope you and your family are safe and well. Lance Morrison - new subscriber
Kinda shivers me timbers too when Gary Savage says we missed the window for a market crash. It can’t happen now for another 4 years. How absurd. It makes me doubt everything else he says.
I follow Gary. I saw him say that. He doesn't believe in miners either. A bit of quackery there :-)
Couldn’t agree more about Financalot’s magic thinking. Pretty surprising since he’s always sounded like we were on the same page. I think he introduced me to Roth’s Diary.
Anyway, we’ve already been robbed. The ink toner on our statements is a lie. If there are 400 derivatives to a dollar that means whatever amount of them you have are really worth 1/400th of what you think they are. There’s no way around that.
the us govt could sell all its property that's held in conservation areas. they can only sell it once but it would keep the reserve going for a while longer.
Re Bitcoin vapor, ran across this fine article by our esteemed Keith Weiner. Enjoy:
https://www.monetary-metals.com/insights/articles/bitcoin-volatility/
Hi Rafi, looking forward to your take on the ceasefire and how things are going with Syria
Myrmikan has a new article out. Very interesting!