The march toward collapse continues

Each time the Ponzi takes another leg down, the administration has not choice but to take yet another step, cross another red line as Ponzi Powell recently said, in propping it back up to kick the can down the road as long as possible.  In today's news, Trump just opened the door to add more risk to retirement funds.  And like all government statements, whatever they say should be taken to be exactly the opposite.  For example the patriot act was of course the traitor act, designed to reduce American rights and privacy.  In this case, the official denial was thus, "The Department of Labor laid things out in a letter that says putting 401(k) money into private-equity funds would not “violate the fiduciary’s duties” of certain retirement plan sponsors."

If this is true then why wait until stocks are sporting dot bomb style PEs to provide this "opportunity" to 401ks?  Amazon has a trailing PE of 123 for fuck's sake!  Why would anyone want to take the risk of getting into this bubble stock now?  Microsoft PE is 31.  Again, ridiculous for a very mature company.  Facebook? 31.  Netflix?  86.

Seriously, this is monster bubble territory, complete gambling based on madness of crowds and greater fool theory.  I can see if you just want to gamble, that's fine.  But we are talking about the retirement money of a generation here and if this massive bubble implodes their retirements evaporate in locked step.  This whole notion that we must all gamble with our retirements so that wall st can get paid is absolutely criminal.

What do I mean by this, don't people have a choice?

Well yes and no.

The fed has said it will do whatever it takes to prop up markets.  Its only "tool" is currency debasement.  So if you just sit on cash, the fed is telling you it plans to reach into your pocket whenever needed in order to prop up markets as needed.  In many people's mind's stocks are the only other choice.  Of course they are stupid in that because physical gold and silver carry far less risk than stocks, but that doesn't change perception that there is no other choice than to buy massively overpriced stocks with your life savings.

Trust me when I tell you, this situation will end badly.  Once everyone with any wealth is "all in" the tailwind will turn into a headwind and most market participants are going to get screwed.  Smart people will listen to people like me whose world view has been more than just a little bit right.  Many of my predictions have been absolutely spot on despite seemingly impossible at the time they were made.  Remember when I said hillary would lose despite the fact that she had unlimited funds?  Nobody could believe it but that's because they were caught up in herd think but I was standing back from the herd observing instead of running along and herding.  The decline of the elite was clearly called by me, the decline of the cops as well.  Absolutely clearly.  I said they would be going under the bus and now cities are making a public policy of defunding them.  There is no more under the bus than being tried for capital murder with possibility of death sentence for the individual cops and then for entire police forces to be defunded and then disbanded.

And so, the guy who has called all this stuff well in advance of it happening, and who furthermore called it when it seemed impossible to happen is saying this: in gold we trust, silver and platinum as well.  Physical only.  We are peaking in a multi-decade trust Ponzi.  People in past generations used to clearly understand that a bird in the hand is worth two in the bush, that possession is 9/10ths of the law, etc.  We have all forgotten these basic truths and so now most of the sheeple happily put ALL of their retirement funds in the hands of a known criminal cabal who simply repeats the mantra, "calm down and trust us with your future".

The dollar is also a trust mechanism.  The dollar only has trading power/purchasing power as the holders have confidence in the issuing authority.  And the issuing authority is issuing its ass off at an historic rate WHICH IT ALREADY PROVED it cannot stop from.  The fed cannot raise rates.  It cannot deleverage its balance sheet.  AT ALL.  EVER.  It already broke its promise to normalize interest rates and balance sheet and as soon as it did this, the markets went into full on panic mode.