1…………> The “Obama” Chill: DJIA
US equities markets have continued its downward trend, as the Dow Jones industrial average fell more than 1,000 points at the close of trading, for a cumulative drop correction of almost 10%, 1st in four years. Translation? Despite the “firing” of the Chair of Fed Janet Yellen, the “contraction” of its balance sheet means that $600 billion dollars will be sold on the open market for the next two and a half years, providing a sharp competition to US treasuries and hence a rapid raise of interest rates, a sharp departure of 8 years of Obama outrages when Bernanke, Yellen & Co pushed rates down to or even below zero, promulgating the biggest bank robbery in recorded history. Fed exceeded its mandate by extending credit of 4.3 trillion dollars, for a leverage ratio of more than 60 to one on its base capital of $70 billion dollars, a silent ticking bomb triggered to blow up any chances of re-election by President Trump in 2020 and one that may unleash more selling of our debt by foreign holders like the Bank of China.
The Dow Jones industrial average, which measures the the performance of 30 major companies, dropped 1,033 points or 4.2 percent, with supports down at 21800 and 18300 levels. The S&P 500 index, which compiles information from the stock performances of the largest 500 public companies, fell 2.9 percent, or about 78 points, to 2,603.
While there have not been any major identifiable causes for the recent crash in equities, some CFR pundits have blamed mechanized trading for the rising volatility, high frequency trading algorithms, the sun spots etc., anything but the New World Disorder and its globalist exponents who loaded the American people with $9.1 trillion dollars of new debt in their perverted trek for global domination.
2…………> The Sins Of Obama: Debt Caps
The criminal attempt by Unified Party USA lapdogs Mitch “Harry’s” Twin” McConnell and his opposite, Charles “I cried tears for the Muslims” Pelosi to sneak another spending buster, a budget even supported by our own anti-establishment President Donald Trump that got a flat tire when Kentucky Senator Rand Paul stopped the Senate from taking a quick vote on a budget deal that would avert another shutdown in opposition the “trillion-dollar Obama deficits.”
Democrats and GOP members fury abound in opposing the robbery, led by Nancy “Amy is not my daughter” Schumer who is back to her demand for amnesty of millions of dreamers, while Tea party conservatives are appalled by the “in the middle of the night” treachery of their leaders.
3…………> The Next shutdown:
The US government is facing another shutdown after a senator held up a budgetary vote by accusing Congress of “spending us into oblivion”, but Kentucky Senator Rand Paul demanded a debate in the chamber on his amendment to kill the bipartisan deal.
What happens next?
Funding to keep the government open runs out at midnight when a one-month spending bill expires with the White House said it was preparing federal agencies for a shutdown.
4…………> Market Report 02/08/2018, cover short stop 24,400, CG(4692), 11/22/17
Short position closed at 24912, triggering cover short stop at 24500 with indicating a gain of 1900 DIA points upon closing short position. Long DIA position was established at 24500 with a stop at 24600 was closed for a gain of 312 points. New short position was re-established at 24550 with cover short stop at 24600 for a loss of 50 points, later indexed down at closing to 24000 for a paper gain of 550 points.
Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with Democrats screaming murder as a close look at the new FISA memos that are suggesting an incredible Constitutional crisis brewing, a crisis that may reach the very leaders of the “opposition party”. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in down trend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.
We warned long ago that an organized attempt to remove President Trump from office is underway, and if this activity is not curtailed soon, market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
Stocks were down 1033 to 23860, DJ futures at +99
Gold up to 1319.7 and USD/CHF down to 0.9372 due to intervention crosscurrents. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 24,600. We have to wait and see if new Fed chair Powell will attempts to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires supporters of the New World Disorder.
5…………> Uncle Soros Bet: Stop Brexit
The venerable investor and risktaker “Uncle” George Soros, a man who is not afraid to state on which side of the streets he is on by transferring almost all of his wealth to US in order to battle raising international nationalism, has now taken yet another bet in defense of the “globalist” trek for “Unified World” without borders by donating $500,000 to fight the legalization of Brexit.
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