Financial topics

[Higgenbotham]

The power to print money from nothing is the the most corrupting power imaginable. It will always be abused and never relinquished voluntarily.

Once you discover you can steal and get away with it, it's very hard to stop.

[Higgenbotham]

If the yield-starved herd is willing to pay $110 today in order to get $100 a decade from now, and they’ve got the speculative bit in their teeth, nothing stops them from paying $120. It may not be wise to speculate on it, but one can’t stand in front of it either.

https://www.hussmanfunds.com/comment/mc201016/

I find this sentiment interesting. Nearly every long term bear I read is cautious. In the scenario he describes, surely you can stand in front of it. You just have to be willing and able to withstand the punishment until it turns which, given the longstanding and brutal nature of this bull market, bears no longer seem willing to do.

[Higgenbotham]

I think when the crash comes, it will the most sudden and violent crash ever, by far. It wouldn't surprise me to see the daily limit hit for 2 or 3 days in a row.

[richard5za]

The power to print money from nothing is the the most corrupting power imaginable. It will always be abused and never relinquished voluntarily.

Once you discover you can steal and get away with it, it's very hard to stop.

Not sure that I agree with you: Let's start with power because it's easier: According to 1st Baron Acton: "Power tends to corrupt, and absolute power corrupts absolutely" This is a very commonly held view which I don't agree with - I think that power heightens pre-existing tendencies. And it's the same with theft and other morality. Theft starts with the little things, like cheating your expense claims, and then slowly bigger and bigger. The important point is that people who commit theft thinks it's okay to steal but its not okay to get caught. So also it's okay to cheat on your wife as long as she never finds out. The list is endless. And your don't need much brain power to understand why people with less morality are in positions of societal authority, and can perpetuate economic fraud. And societal authority need not be positional but intellectual, so it includes the "blighters" who conceptualised CDO's somer years ago.

[Higgenbotham]

The power to print money from nothing is the the most corrupting power imaginable. It will always be abused and never relinquished voluntarily.

Once you discover you can steal and get away with it, it's very hard to stop.

Not sure that I agree with you: Let's start with power because it's easier: According to 1st Baron Acton: "Power tends to corrupt, and absolute power corrupts absolutely" This is a very commonly held view which I don't agree with - I think that power heightens pre-existing tendencies. And it's the same with theft and other morality. Theft starts with the little things, like cheating your expense claims, and then slowly bigger and bigger. The important point is that people who commit theft thinks it's okay to steal but its not okay to get caught. So also it's okay to cheat on your wife as long as she never finds out. The list is endless. And your don't need much brain power to understand why people with less morality are in positions of societal authority, and can perpetuate economic fraud. And societal authority need not be positional but intellectual, so it includes the "blighters" who conceptualised CDO's some years ago.

I think that "the most corrupting power imaginable" refers to what the power to print money does to corrupt the society as a whole. It forces honest people who have nothing to do with the decision to print money to turn to corruption in order to survive.

My comment refers to the fact that printing money is really stealing. Those who print money realize that, and are a bit cautious at first. But once they realize that the masses of people can't connect the dots, and they really are getting away with the stealing, the floodgates open as they are now. Along that vein, I definitely agree with you that those who commit theft by printing money think it's OK to steal but not OK to get caught. All the Federal Reserve Chairmen from Greenspan on definitely believe that stealing from the public by printing money is OK as long as they can trick the people into thinking it is OK or even beneficial to print money.

[Higgenbotham]

I think the high is this session and has probably already happened. I think the crash will start Monday and it will last the rest of the month with a low for this month below 2200 and possibly as low as 1500-1800.

But I've been wrong about this so many times in the past 11 years that nobody should listen to me. One day I will be right if I survive that long. Of course, if the crash is this month and does what I say it will, I will do well as I have puts out the ears bought yesterday and today. 165 puts as of now.

My forecast remains the same except I think the crash will start this Monday and last until November 12. 200 puts as of now, but some expire end of October so I will be buying more.

[aeden]

The biggest reason will be his failure to challenge social media censorship.
It was a no-brainer to end their Section 230 Protections years ago.
No one would listen since 1996.
Upon thousands of actual votes from zones will vanish also.
Nothing is bore straight with these demsheviks.
Ruin will be unsealed from above. Then it begins

[aeden]

And societal authority need not be positional but intellectual, so it includes the "blighters" who conceptualised CDO's somer years ago.
https://investinginbonds.com/assets/fil ... atives.pdf
It was said an honest man cannot be cheated.

Blythe Masters

The power to print money from nothing is the the most corrupting power imaginable. It will always be abused and never relinquished voluntarily.

They will fall like leaves.

We will extract what we need from your country by any means required and then you will dry up and blow away.

Ask what Agency that cared is indeed a Lie from the Serpents. They are nothing and will be nothing in that Hour.
No advocate save one is all they have now.

[aeden]

324,000 duplicate ballots rejected on one zone. The margin was less than 40,000 last time.
Agency's should be moved North of the Artic circle for a start.
Marshalls should take over the lower 48 and clean up the the rest.
Never will we trust them ever again. We warned you long ago.
https://www.youtube.com/watch?v=52xJnC86CbQ

[Higgenbotham]

My best guess forecast goes like this.

The stock market has been putting up a brave front, saying it doesn't matter who wins the election. Who wins the election matters to the stock market and this time it matters a lot. Biden will win the election. The Deep State slipped up last time and they won't let it happen again.

The stock market may already be down considerably by the time Biden wins. After Biden wins, the market will slip November 4 and again on November 5. Several analysts will at that point call a bottom. On November 6, there will be a massive flash crash, a flash crash times 10, that takes the S&P down over 1,000 points in one day. The market will temporarily recover, then go on to make lower lows into November 12.