Central banks are grand piano players (PRO level)
I've never seen anything like that before. This market is played like a grand piano and it's not just the administration here. This was played by the banks to start up a little bit of fear. The system is toxic. Machine must be fed in greater and greater amounts. It's a monster, it's a financial Frankenstein and it's out of control.
the 10-year yield has moved deeper into the sweet spot because of sanctions and the Turkish lira plunging, and the European banks exposure to what Turkey might be holding. It's not just turkey here, they want you to focus on that one thing. Fact is that Europe is in a full-blown debt crisis.
Same thing as in the United States. And that's why some really unprecedented action has been taking place over the past several weeks and that all started with the tariffs with the trade war.... you know....clearing the way for the Federal Reserve to print more. And then we found out about a space force thing ( more money that we got to borrow from the Fed ) and than US hits Turkey with these sanctions right at a time when Turkey has been in a lot of trouble with their economy. So US just hits them at the right time, force their turkish currency into free-fall and that shows how the European banks syn their currency into freefall and that shows over saturation of debt that exists in Europe and also in the United States.
Every bank is part of a chain and it's a global thing. So if there's weakness in their banking system on one side, it's going to exist on the other side of the world as well. It exposed the issue that we have a serious problem.
President Trump has been in office as of right now 568 days and the Federal Reserve is fully in control
I would just like to share a few things that took place last time before the meltdown in 2008. We were having trouble in the banking sector. Housing was in an act of epic bubble - just like it is now. Housing prices actually started to come down. Home affordability is at the ten-year low. A decade low, but our economy is "booming". This is as good as it gets. You know, these are words of US president. The dollar pressure on gold was also going on at that time. Then all of a sudden it just reversed! Why?Because gold and silver are unbelievably suppressed. Their price action is not real. There is no price discovery mechanism left.
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I guess we are all doomed then. It seems we can't make the transition to crypto fast enough.
it will be much harder as expected. wall street is trading bitcoin from 1.1.2018 on. Since than, btc is mostly falling.
At this rate, we all gonna be bag holders.
if central banks want to keep US dollar, Euro, Chinese yuan and all other currencies flowing, they have to (among other things) dump the decentralised currencies with negative trades. And that's what they are doing. But you never know what tomorrow brings...