I also suggest you watch The 401-k scheme below. This bill has so many asinine things in it that you will struggle to list them all. It's hard to distinguish which one ticks me off the most (immigration, pork, spying and derivatives rank high on my list), but one really stands out - Confiscation. For literally years I've been discussing and warning about this (see Afternoon Delight 03/28/12). It's simple - any sort of retirement asset will be confiscated ($18 trillion in retirement assets and $18 trillion in debt - you do the math), and this bill helps open the door for them to begin the ultimate capital control.
"They will take our retirement accounts. They will take our 401(k)’s. They will say you have all been having such hard times earning money, so what we’re going to do is we’re going to save you. We’re going to give you government bonds… which are guaranteed… 30 year government bonds… and you will get 3% and you give us your retirement assets."
It's not about us anymore. Government no longer represents the good folks that vote them into office. As a matter of fact, why don't they just let the lobbyists pick the representatives? That would be truly more representative than the voting system we have today. I don't know if congress gets it. We're pissed off as a populace, and they will feel our wrath. We can bring it, so they better be on notice.
Remember, the market is an illusion, nothing more than a distraction. It is the Matrix blurring reality.
On to the lie -
Duck and Cover? ZH went there? That's an STB oldie but goodie. Bert the Turtle and his catchy tune baby. The storm is coming. They have failed and are out of bullets - well - except the confiscation one. I can't believe after all the conspiracy fact and digesting all that we have that this coming blatant act of corruption and theft is not crystal clear to all.
"Moreover, the central banks are now out of dry powder—– impaled on the zero-bound.That means any resort to a massive new round of money printing can not be disguised as an effort to “stimulate” the macro-economy by temporarily driving interest rates to “extraordinarily” low levels. They are already there."
SPX 30m - Watch 2025 carefully. If they hold it there (support and lower daily BB), then massive positive divergences are set at critical support. If they don't hold it there .... 2010 and then the 50cma at 00 are in line. The 38% retracement at 1982 is not out of the question either at this time. Again, sub 2025 is a dark and dangerous place. I'll mention again the similarities between this fall and the one in September are a bit freaky.
More to come below.
Have a good day.
GL and GB!