February 10, 2023
Spit Ball
Economy on the edge of a cliff. Market crash incoming.
We saw a big time contradiction a week ago that some might have missed.
The jobs numbers came out.
I think most people heard about the headline number that came out on Friday that was a blowout unexpected jump of over 500,000 jobs created.
But I bet most missed the jobs number that had come out just a few days earlier. A jobs number that isn’t manipulated and fabricated by the Biden administration.
From the Great Recession Blog:
“Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million! Problem’s solved. No need to read on economics anymore.”
An expectation of 190,000 jobs in manufacturing and services but instead it came in at 106,000.
That is a horrible number!
There’s no way to sugarcoat it.
The jobs number that came out a few days later and showed over half a million jobs created was a complete lie and shows an enemy in panic.
They were forced to lie and in a big way so people wouldn’t notice the earlier horrible number. The media would run with this big number and then Biden could brag about it at his upcoming SOTU speech.
From Zerohedge:
“What a coincidence: just yesterday we presented the latest report from UBS economists showing that the job openings “data” collected and presented by Biden’s Department of Labor is at best wrong (and at worst, manipulated propaganda meant to make the labor market appear stronger than it is), and that the reality is far worse than the BLS suggests….
Faced with a difficult choice: either come clean about the real labor numbers – now that US corporations are averaging one mass layoff announcement every 45 minutes – or just double down and keep reporting increasingly bigger lies, the Biden admin’s labor department has sadly but predictably decided to do what it does best by picking option two, and as today’s latest JOLTs report shows, it intends to keep digging and making the hole ever bigger.”
There are too many stories to count of huge companies laying off tens of thousands of employees.
Especially tech companies and big banks.
I told people tech stocks led the bubble and will be the ones to lead the bursting of the bubble. As for bank stocks, the market cannot rise without the bank stocks participating.
There’s a rule in the market everyone needs to remember.
The market always looks ahead.
All these banks that just reported earnings are laying off tons of people because they know what’s coming.
Take their lead and prepare yourself as best you can.
It’s mostly about preserving capital in a bear market.
The crash is coming and will happen this year. The warning signs are everywhere.
Big warning.
If you are using margin to trade or invest in the market, you are going to get slaughtered.
Do not use margin.
The counter party risk will be so great in the coming crash that it won’t matter if you made the right bet because the people you bet against won’t be able to cover their losses.
Now is the time to educate yourself.
I do not give personal advice because I don’t like being responsible for other peoples money.
An opportunity is coming. After every crash is a golden opportunity.
I’ve seen this type of thing play out several times before.
I lost a ton of money in the dotcom bubble.
It was a tough lesson but it taught me some valuable lessons.
I don’t trust anybody with my money and I educate myself constantly so it won’t happen again.
The whole reason I’ve been warning people for over two years is so they don’t go through what I’ve been through.
That dotcom bubble was one of the biggest lessons in my life and when the housing bubble came, I was in a position to not just preserve my money but take advantage of the opportunity that comes after a crash.
Citibank was 3.50 a share at that time. Goldman Sachs was around 60. Those were prices that will never be that low again.
The same thing is coming which is why you want to preserve capital for the coming opportunity.
And don’t forget this truth.
Trump will bring everything back big time.
But pain has to come first.
The market is a bubble that has blown up for almost 20 years. It has to deflate and come down to it’s real value instead of the value propped up by the Fed.
I wouldn’t be surprised to see the S&P drop another 30%.
I keep telling people that we haven’t seen panic selling yet and when it comes it will be obvious.
I’m just trying to warn people. That’s all I can do.
— February 11, 2023
Gold and silver mining stocks will be the big winners as I’ve been telling people for a while now.
No worries Gerri. I think all of this is perfectly timed.
Q said all three movies playing at the same time.
It’s time to show the normies the pedophilia stuff.
That is very true Barbie. Real producers of gold in good jurisdictions (not Australia) are the key.
There are lots of “explorers” that won’t ever amount to much because of bad management.
Explorers are the riskiest bets but will give the best bang for your buck if you pick the right ones.
I am feeling nudged to give some that I own because I want to help people avoid the dog stocks.
FULL DISCLAIMER
I own these stocks and I am not selling them. I’m hanging on to them for the ride that’s coming.
They are literally dirt cheap.
I own these two:
LOMLF
Lion One Metals
DOLLF
Dolly Varden Silver Corporation
These are two where I have placed my bets but I am biased.
Please do your own research.
Lion One Metals is set to become the premier high grade gold producer in Fiji at its 100% owned and fully permitted Tuvatu Alkaline Gold Project.
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