“Gold is making money, bitcoin is making money, stocks are making money, bonds are making money…. I’d rather own gold than bitcoin.” ~Jeffrey Gundlach on 2019 YTD financial market performance
By Catherine Austin Fitts
This week I present the 2nd Quarter 2019 Equity Overview with charting from Rambus Chartology. Check out the 2nd Quarter 2019 Wrap Up web presentation here for the quarterly financial charts and Rambus Chartology when posted on Thursday.
The U.S. equity market continues to outperform global equity markets. Here is a comparison of the NASDAQ and S&P with European and Chinese equity ETFs since 2009.
It is clear from comments by President Trump and members of his administration that the U.S. stock market is an essential performance indicator. Their target appears to be to raise the Dow above 30,000. I want to discuss what this means in terms of practical policies—from FASAB 56 to lower Fed interest rates to federal deregulation, privatization efforts, and the push to index capital gains taxes for inflation. I also want to review the obstacles—including increased chances of recession, explosive U.S. sovereign debt, the decline of the unipolar model, and the challenges of the U.S.-China trade war. And, oh yes, the effort to start World War III.
With new U.S. equity market highs, investors appear to be taking advantage to shift assets from equity to fixed income. As they do, the question is where they will find income in this environment. Given the rise in negative interest rate bonds, there seems to be a growing number of investors foregoing income for perceived safety.
In Let’s Go to the Movies this week, I will review the Ozark Seed Swap, which tells the story of an anthropologist living in the Ozarks who helped to organize a seed swap in Mountain View, Arkansas in 2008. Hundreds of people attended the first Swap with hundreds of seed varieties. We watch as that first Seed Swap in 2008 sprouts seven new Swaps by 2010: six in the Ozarks and one in the Arkansas Delta. The film addresses the steps necessary to establish a community seed bank and host seed swaps.
Please e-mail your questions for Ask Catherine or post them at the Money & Markets commentary here.
Talk to you Thursday!
Related Reading:
Caveat Emptor: Why Investors Need to Do Due Diligence on U.S. Treasury and Related Securities
The Real Game of Missing Money
The Missing Money
Web Presentation
You can view financial charts at the web presentation here. The Rambus Blockbuster Chartology will be posted here on Thursday. Use your Solari password to login!
Dear Mrs Austin Fits
In your impressive work on currencies you ask the pertinent question – who is in charge?
I would like to draw your attention to the work of Benjamin Fulford and Dr Sean Hross.
Mr Fulford is an ex spy/journalist who is stated to be the ambassador for the White Dragon Society. WDS is reputed to be as high as you can go within China.
Dr Hross claim to have infiltrated Octagon, whom he claim to relate to the Templars and banking. Dr Hross provide interpretation from Egyptian demotic language.
Simply put, what I gather, a mix of secret societies are in charge and, at least in the west, the true power structure behind these originate from Pharaoh bloodlines and, possibly, beings behind those. Their objective is religious and, as you surmise, involve enslavement as well as a depopulation agenda.
It may be worth looking also at the Goldfish Report, which is stated to be the communication channel for the Red Dragon society. Try episodes where their ambassador partakes.
Mr Fulford
https://benjaminfulford.net/
Dr Hross
An introduction – https://www.bitchute.com/video/sR2dxj3IBhsF/
He operates multiple channels on YouTube, eg Chatefratz and Central Intelligence Agency
You find the Goldfish report on YouTube as well as on BitChute
Further, if mr Fulford is to be believed, things are indeed happening. He write about them on this home page, there are interviews with him to be found
Here is an opening statement from several secret societies that dates a few years back
https://youtu.be/Oa2g1eP3y-w
https://youtu.be/L0GXSfGZQ6U
Sincerely
Claes
Mr Fulford is rather direct and outspoken
https://youtu.be/2LOd8PxLlVk
The OITC, new to me, I just found it, may be worth taking a look at
https://youtu.be/3yobrZGqVl8
And here
https://www.unexplainable.net/benjamin-fulford/the-end-of-the-federal-reserve-may-start-the-golden-age.php
Catherine, The last 15 minutes of actionable intelligence was great.
Adding 5 minutes of similar commentary to money markets, would mean a lot in helping subscribers make smart allocations in these confusing times of low yield, FASB 56, and Volatility.
I know you can’t “stock pick” real companies for us, but mabey broad categories like “railroads” or “food” could lead us in the right direction.
I myself have been sitting in cash, but hearing you say “buy real companies”, and that you would be buying equities if you won the lottery, is very insightful and that i need to be researching.
Thanks
I am so glad you said so. There are hundreds of companies all over the world that have good to excellent governance and management are doing something useful and can generate a reasonable dividend or grow in a manner that will produce capital gains. If you just invest in a selection of those companies, you are likely to do better than fixed income. You need to ignore the indices – because you will be trading without the “momentum” stocks – so you are likely to outperform in a down market and underperform in an up market. Some of them will be in markets that lack the subsidy fueling the US markets. Overtime, many of the “sleepers” will surprise you with how well they perform.
I found one that I liked very much many years ago. A manufacturing company with a small aerospace division that was starting to grow rapidly. No one had noticed it. Well, I knew space was going to grow that division and I liked the governance and management. So many of my then clients got it as did some of the money managers I work with. I just heard from one of the money managers I work with on the investment adisory side – he had to sell it because it got so high – that is the discipline of a value portfolio.
The whole time it was quiet, not noticed, while the tech giants got the big P/Es and the momentum. Whatever it was – it was a real business providing useful products and services.
Yes, I am a big fan of railroads. Would love to be a fan of food companies, but many of the depend on practices I want no part of.
Will try to say more. The hard thing about this environment is given the tensions, we can have to live through some significant downs. The only way to do so is to understand what you own and why you own it. The major trends, however, are planet equity and inflation – that means new great companies coming into the markets every year. If you have not read Kai Fu Lees AI Superpowers, helps you understand what is happening in the Asian IPO markets.
Will try do so and say what I can without giving investment advice.