Von Greyerz: A Hyperinflationary Depression Has Always Been The Inevitable Endgame

…you are not holding gold to measure the gains in debased paper money. Instead you are holding physical gold as insurance against a broken financial system that is unlikely to be repaired for a very long time…

You are correct. I looked it up and birds are not bothered at all by hot peppers. Mea Culpa.

https://www.zerohedge.com/markets/lethal-bullion-banks-looming-600-trillion-derivatives-crisis

I think the Fed’s prop desk was in the markets in a big way yesterday. They even smashed gold futures after the cash markets closed to instill fear for Sunday / Monday.

And that accounts for the ‘jam job’ in stocks too. After Trump’s big show Thursday they couldn’t let stocks finish in the crapper.

Used up a lot of ammo however to pull that off so don’t expect repeat performances on Monday.

As for AM — he’s finally getting on the right page — not that it will help.

As proved last week, the bankers intend to keep silver under wraps. Nothing will ever change there because they have committed to an all or nothing outcome. As stated last week, until the bastards are carried out of Comex / LBMA on stretchers they will continue to suppress prices to the extreme. Silver is the only commodity still trading in 1970’s nominal pricing.  It’s their primary control mechanism in the rig. ETF’s are also an important part of the rig, however if gold were allowed to really get out of the bag like bitcon, for example, it would be all over for fractional reserve banking — and their cushy lives. Silver is used to keep gold under control.

So it’s to the death — literally — which is why they unleashed the corona-hoax on mankind.

They are in danger of losing their grip on their status quo because they have run out of gold, so they are making their move to install the global police state before it’s too late.

Your only hope to avoid this outcome is to buy as much physical silver as you possibly can in order to make their futures market irrelevant. If you don’t and the police state is successfully installed (not sure if it can even be reversed at this point) — it’s your own fault.

So keep buying dem silver futures (and ETFs / derivatives) — you will end up dead sooner rather than later.

Everybody enjoying their new 5G towers?

Just wait until they release an even deadlier virus next time. They took it easy on us this time.

5G weakens your cells making everybody more susceptible to such viruses — not just the old and weak?

How are Bill Gates and his buddies still walking the streets after this is known?

Buy physical silver if you want to survive this mess.

Silver unleashed is the only thing that will save your ass.

Cheers all

Not sure what has changed for gold other than the raid on Friday. Monday’s haven’t been too ugly for us lately, hopefully that trend will continue and we get back on the horse next week.

“Officially described as speculators, but better described as suckers, gold and silver futures are the medium for a repeating cycle whereby market makers supply them contracts by drawing on the ability of their banks to create bank credit out of thin air. Once the suckers run out of buying power, the market makers pull the rug out from under them, taking out their stop-loss points. It has been an immensely profitable exercise for swap dealers.

Fortunately for swap dealers, the suckers have short memories. Until last year, it was a frequently repeated exercise, leading to a blasé attitude. Corruption among traders had become rife and they began to be caught spoofing and rigging the fix against bank customers. Dealers were sacked, fined and jailed. Deutsche Bank were fined and forced out of the twice-daily fix. A JPMorgan trader pleaded guilty last August to manipulating the precious metals markets for nine years. Another with the same firm had pleaded guilty the previous October. In the past five years federal prosecutors have brought twelve spoofing cases against sixteen defendants, most pleading guilty.

This corruption is typical of end-of-cycle behaviour, when the derivative ringmasters in precious metals believe they have risen above the law. The point behind the current crisis unfolding in the gold derivative markets is the scam has fully run its course, and the bankers in charge of bullion desks will be increasingly concerned of the reputational damage.”

https://www.zerohedge.com/markets/lethal-bullion-banks-looming-600-trillion-derivatives-crisis

April 11 – Bloomberg (Naomi Nix): “U.S. governors are urging Congress to give states $500 billion in ‘stabilization funding’ to meet budget shortfalls resulting from their efforts to stem the spread of coronavirus. Maryland’s Larry Hogan and New York’s Andrew Cuomo said… the stay-at-home orders most states have implemented were necessary to protect the public but hurt states’ economies. Hogan, a Republican, and Cuomo, a Democrat, are chairman and vice-chair, respectively, of the National Governors Association. ‘To stabilize state budgets and to make sure states have the resources to battle the virus and provide the services the American people rely on, Congress must provide immediate fiscal assistance directly to all states,’ the pair said.”

In a rally for the history books, the S&P500 gained 15.5% in two weeks. The Nasdaq Composite rose 17.7% over this period, and the small cap Russell 2000 16.9%. The Nasdaq100’s 17.3% rise pushed this index positive for the year.

How could it be possible for stocks to mount such a rally in the face of a looming global economic depression? No Conundrum. Early in the mortgage finance Bubble period, I would write “liquidity loves inflation!” Throw “money” into an unsound system and it will instinctively gravitate to areas demonstrating robust inflationary biases. These days stocks fit the bill. Equities markets are bolstered by the deeply entrenched view that the Fed will do whatever it takes to sustain inflated prices, along with a market structure (i.e. ETFs, derivatives, 401k plans and pension contributions, hedge funds, algorithmic trading, stock buybacks, etc.) that promotes trend-following flows.

This dangerous dynamic has turned perilous. The acute stress associated with the bursting Bubble ensures the Fed will be injecting additional Trillions over the coming months, with markets confident the liquidity spigot will be wide open for as far as eyes can see. Witnessing U.S. equities divorced from underlying economic fundamentals in not that unusual – yet never to the degree of largely dismissing an unfolding global depression.

http://creditbubblebulletin.blogspot.com/2020/04/weekly-commentary-crazy-dangerous-things.html

I didn’t know about nets so when someone I know what getting rid of chicken wire I got a idea to use that and it seemed to work pretty good. It’s got to be up though to keep away from the plants with posts. Netting sounds good too. I bet you could make it out of fishing wire.

Milwaukee ‘cold train’
https://railpictures.net/photo/729206/

I’m sure that would work for mammal pests, but I’m not so sure about birds.  I think they cannot ‘taste’ the hot stuff.  We grow hot Hawaiian Chili Peppers here, and when they turn red, it is not long before the birds go for them.  They are loaded with vitamin C that the birds instinctively go for…. and the pepper heat doesn’t bother them at all.