Today was anything but a quiet day. Unfortunately, most of it was not reported in US media and whatever was reported was not well thought out and presented only the partial picture. So let me break it down for you:

1. Pakistan ousted the prime minister Nawaz Sharif on charges of corruption. You may be wondering about the importance of this news. First, this is bound to create a military rule in Pakistan. In past, there have been several instances where the military had overthrown the government and every time the country got into a deeper chaos. This in itself could be considered as an isolated event but recently the US Pentagon mentioned that the war in Afghanistan can't be won without Pakistan's support. So with corruption rampant in that country, this is NOT a normal move but in fact an orchestrated one by the US. Pakistan is also a key player for China's One Belt One Road initiative. Last but not the least, Pakistan is known to have supplied nuclear technology to North Korea. With the military rule, the Syria and Yemen situation just got a whole lot more complicated.

2. Speaking of North Korea, another missile was fired and was successful in reaching the target. This is making the US look increasingly weaker and making both North Korea and China bolder. I mention China because just yesterday a US Admiral made a statement that "we are ready to bomb China on President's order". Now, why would such a statement be required to be made?

3. The weakening of US militarily will necessarily weaken the US dollar and finally, the FED will have the inflation targets that they are looking for. But this comes at a great cost and the common man may reach the breaking point. IMF also recently suggested that the US economy is weakening and that IMF may consider shifting its world headquarters to China in the coming decade.

4. Senate didn't pass the skinny version of Obamacare repeal. This is a massive setback for Trump administration and in doing so it is very likely that tax reform bill will not be passed this year either. Essentially, this sends shock waves to the world that the US is no longer a major influencer on anything. Germany and Russia are openly stating to retaliate against the US if further sanctions are imposed on Russia.

There are many more stories but these four alone will send chills to countries holding the dollars as the reserve.

What will happen?

The dollars will start coming back home and that will shift the economic pressures from deflation to hyperinflation in a matter of months. People will not be able to react. Those of you who read my blogs or similar blogs from other authors would be well prepared.

So my friends and stackers our day is coming!

I don't need to explain what will happen in the hyperinflation situation. You all know it well. Gold, silver, and all commodities will rise. Include cryptos as well in this category. Physical cash will be withdrawn from the banks to the extent that it can. I say this because bank run will invariably result in capital controls. Liquidity will start to dwindle. The M2 money supply is already at the lowest level ever, so you can imagine what will happen if it dries up further. This is where SHTF moment will come because FED will do the only thing they know to do and that is helicopter money. This will be like adding fuel to fire!

With that backdrop let me break down the market action. Markets are still open but I don't expect any sharp movements in next 30 minutes.

1. Dollar index tanked to 93.32 - exactly at the level, I had mentioned earlier. I have called the dollar top at this point. Please check my morning critical alert on this one. https://steemit.com/steemsilvergold/@ajain/critical-alert-i-am-calling-the-dollar-index-top

2. Both Gold and Silver jumped nicely. People might argue that it was to be expected because they have an inverse relationship to the dollar. But let me point out that the jump was largely unrelated to the dollar decline but more related to large commercials closing their short positions. This is very bullish.

3. Cryptos continue to be in the holding pattern and will continue to do so until August 1 with a downward bias.

4. Oil jumped on the back of dollar decline. I finally figured out why my analysis was consistently wrong on oil. It turns out that the continuous commodity indicator has already factored in future decline in the dollar and has started pricing commodities accordingly. This also was one of the reasons that I called the dollar top today.

This is a lot of info for one blog and if something jumps out again between now and tomorrow, I will send out a critical alert.

Last but not the least, the full solar eclipse of August 21, 2017, can't be good for the nation and is bound to create some serious turbulence.

So what are you going to do? Be prepared and be safe of course!