Stocks Mixed Amid Rising Yields, Oil Prices; HPE, Snowflake, Microsoft In Focus | Stock Market Today

Ed, you are so handsome.

The, ‘Full Faith and Credit of the United States’ is collapsing. The stock market is getting closer to dropping below 50K which may cause a global panic. Will an upcoming Friday become a, ‘Black Friday’, when a bond panic breaks out in the U.S. Treasury market causing an all-out panic on Wall Street as everyone tries to preserve their 401K gains? We face 7 more potential Black Friday’s between now and shortly after the midterms. Who actually believes that the U.S. Treasury will honor its bond obligations in 20 or 30 years? Who is willing to keep giving the U.S. Treasury their hard earned money unless they are willing to take comfort that they will eventually receive confetti money in return. So why in the heck would anyone hold long term U.S. debt instruments?! Almost every day 10 year bond holders are publicly voting on their loss of confidence in federal finances and selling off accordingly. IMO 20 year and 30 year U.S. bonds would need to carry interest rates of 25% and 30% respectively given the federal government’s systemic financial risks. Case in point: most revolving credit cards are already charging 35% as they are allowed to price in the real credit risk. They obviously see what the Federal Reserve is trying to deny. A recent poll by the Partnership of Public Service stated that 27% of the public has confidence in the government or roughly 1:4. That poll is suspect or a blatant falsehood as I am unable to meet ANYONE who has confidence in the government. Who are these phantom figures who they say still have confidence in the government? Our whole economy is being held together with the bandaid of deficit spending which is printed money with no corresponding output of goods and services by the private economy. In other words the U.S. economy is largely a fraudulent financial bubble just waiting to be popped. The national debt is rapidly climbing towards $50 trillion which is the psychological point of a broad collapse in monetary confidence. Our currency is being devalued just like the silver content of a Roman denarius which dropped from about 4.4 grams of nearly pure silver at its launch in 211 BC down to nearly 0.1 (effectively silver-washed copper) by the late 3rd century AD which was a loss of 97.73% of its original value. Since the passage of the 1913 Federal Reserve Act the Federal Reserve Note has in like manner lost 97.04% of its original purchasing power. Key Causes of Currency Decline:
• High Government Spending: Emperors spent vast amounts of money to pay large military forces, fund civil wars, and maintain elaborate public works and government bureaucracies.
• Dwindling Precious Metals: Rome’s expansion slowed, meaning fewer new supplies of silver and gold mines were brought into the empire.
• The Debasement Loop: To create more coins for expenses without raising direct taxes, mints mixed cheap base metals (like copper or bronze) into silver coins like the denarius. By the 3rd century AD, silver coins contained less than 5% pure silver
Consequences for the Empire
• Runaway Inflation: As coins held less actual silver, merchants demanded more coins for the same goods, causing prices to skyrocket.
• Loss of Trust: People lost confidence in the intrinsic value of the currency, leading many to reject official coins in favor of barter, land, or foreign money.
• Economic Paralysis: Trade broke down across the provinces, taxes became difficult to collect effectively, and the broader economy fractured into local subsistence farming. The only real question is who will be the final bag holders as the politicians will save themselves as evidenced by their Top Secret briefing in the spring of 2008 that a massive market crash was coming. They collectively shorted the market and made billions while the public was allowed to run off the cliff. We face a repeat of the same as we go the way of the Romans.

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