A dear friend texted me last night asking about the upcoming takedown of the global financial “markets”:
Friend: What do you think the derivatives wipeout looks like with 330% moves in nickel, or 11% moves in London gas in a day? 4 quadrillion notional value out there. Want to bet there are trillions tied to even the lesser traded stuff? I think this is the big one. No way it can't be based on the confluence.
Yours truly: I don’t believe derivatives are such a vital part of this unwind actually.
Friend: Big moves in anything trigger defaults or increased margin exposure. I don't see how they don't.
Yours truly: I think everything else will take this Ponzi out. I suspect derivates can be in large part tabled when things unwind since they are so shadowy in the first place; in other words, you can put them into deeper shadows if need be OR you can bring them out just enough to get the desired effect. At the end of the day, the Cult that runs said derivatives wins either way IF people freak out enough and demand the nanny gov “bail” everything out again.
Friend: Agreed. I'm just trying to figure out whether this is the big one. Feels like it. The start of the big one, anyway.
Yours truly: No one can figure that out. It's like wanting to know when the Wizard of Oz throws a switch behind his jade velvet curtain. Applying logic and reason and fundamentals is only good for short day trades really. Since PSYOP-19 I suspect a lot of that 4 quadrillion assuming that's even the right number has been repositioned. [Under cover of PSYOP-19.]
Friend: Could be. Well, the point is that there is a systemic collapse tipping point beyond which it's a foregone conclusion.
Yours truly: I even doubt that at this stage; macro is all Cult run.
Friend: How do you recover the system if everyone's bankrupt? All the players? Nationalize everyone's bad bets all over the world?
Yours truly: From the Fed to the NY Fed trading desk [plunge protection team] to the DTCC itself do you really believe even if all retail suddenly pulls their money out they can't paint lipstick all over this Ponzi? [And print more fiat out of thin air, manipulate shadow books, derivatives, naked short selling, etc. & etc.]
Friend: Not retail. My point is that there is a cliff edge beyond which everything falls. Shouldn't be that hard to figure out where that edge is.
Yours truly: The whole point is to go off the cliff and never return to “normal”.
The whole point is to NOT recover the system! The whole point is to “build back better” is not about building anything back, it’s about UBI, and killing off “markets” as we know them into a technofascist social credit score system with no cash and a singular CBDC a la the IMF’s singular crypto-SDR for the entire planet imprisoned by their One World Government.
Friend: I'm interested in the point of no return at which point the system goes into freefall, not rationalizing why. Seems we're close to it. The new HK variant may just be the icing on the Putin as Satan cake and the excuse to shut everything down again. A global depression is all but guaranteed now.
Yours truly: The stock market must be killed for these NAZI 2.0 futurists.
Friend: No disagreement. Question is at what point that becomes indelible.
Yours truly: At whichever point we will be living in Hunger Games meets Mad Max meets 1984 and Brave New World with SOMA becoming DEATHVAX 2.0 which has been their wet dream for the longest [Since even before the founding of The Fabian Society]. See my response above trying to front run The Wizard of Oz’s throwing of his levers and switches: no one but the Cabal knows when they finally decide to pull the plug on their unsustainable Ponzi “markets”, but they’ve known for well over a century that the financial system, fiat, and debt supercycles are untenable and will at some point need for them to execute a controlled demolition of the entire system they schemed into existence. That narrative is what they are now spinning hard ahead of their on-the-fly engineered collapse.
And that pretty much sums up my thoughts on what is transpiring now with the latest series of psyops we are experiencing resulting in gas at the pump hitting all time record highs, and food prices as well as overall inflation breaking records, and we ain’t seen nothing yet!
Another friend and substack subscriber also reached out yesterday asking me to write a post on solutions for a change. Duly noted. I promised to whip something up shortly.
Do NOT comply.