The picture on Friday, November 8, 2024 @ 11Am EST – is now significantly different from the immediate market reactions (first 24 hours) of the Trump 2024 Presidential election victory – as it relates to the precious metals – that are rebounding once again.
The truth (I think) is that stagflation is baked in at least for the near-term economic picture – that cannot be cloaked by (presumably) State sponsored aggressive market manipulation to “print-the-tape” and shape public psychology (with or without Trump hopium narratives) regarding the inflation component of the structural underlying stagflation.
Trump – tariffs and money-printing is near-term inflationary. If the money-printing is tapered it will depress the current massive stacked zombie-economic activity that is dependent on the same and a large portion of the overall economy – and therefore presumably will drive the near-term recessionary component of the extant economic stagnation.
Expected (potential) DS violent and aggressive countermeasures to a 2nd Trump Presidency and the potential pivot ultimately to an open militarized police-state – are logically inflationary and stagflationary at a minimum – and potentially could curtail further effective State sponsored economic/fiscal/monetary “can-kicking” activity aimed at propping up the extant multiple nested financial Ponzi-Schemes – and therefore could trigger a catastrophic systemic collapse.
Trump has no plans for acknowledging or unwinding the massive financial Ponzi schemes other than what appear to be back-to-the-future promises of protectionism and infinite leveraged expansion such as drill-baby-drill tactics to kick-the-can-down-the-road once again. Many PP members already know why this is the case – aka that is as Max Keiser was oft to observe “you cannot taper a Ponzi Scheme”.
Questions:
(1) In the post-Trump-election-victory are potential investors (speculators) sitting on the tail of a Taleb Distribution regarding risk/benefits for standard bond and stock investment instruments?
(2) Are investors attempting to pick up pennies in front of a steamroller – that is relying on a perhaps transitory Trump-branded-bump narrative that is in some respects being fostered by the Fed activities for now?
My sense is that the precious metal sector will not be kept down –and will continue up – steadily and slowly at first then all at once – in view of expected Trump easy-money policies and overt and covert accelerating Fed activities (money-printing) to prop up the failing U.S. bond market and other markets – aka from the ongoing bond sell-off by BRICS and BRICS adjacent countries that now believe they see the light of freedom from decades of USD sponsored control and financial repression.
Just to be clear – Trump appears to be better than the DS sponsored alternative – it’s just that the elephant in the room is a growing hetero-polymeric-Ponzi-dilemma that is being swept under the rug – and will one way or another manifest tragically in the future – that will inexorably reduce (maybe eliminate) human activity on the planet surface – it seems to be only a matter of determinism/time/entropy.
pbd (PeaBoDy)
This would be longterm, however “drill drill drill” and nuclear could help reduce pain enough that epoch changes again. Epochs in economy are 10-20 years usually.
It would then try to find decades long average trend. That is relatable to money printing/inflation. Why would it go much higher other than for excess printing/other shortterm bubble.
Good question is how can they manage inflation(USD loosing value) overheating. One scenario is “hyperinflation is fine” as US dont need to import energy. But couple years and that would still reflect in import so very moderate policies are needed, both to calm economy and people angry at grocery bill.
Some leftists think this is only good thing to not ruin nature and waste resources. [that economy can shrink]
If it is wasteful activity, it can go. Do we really need chinese style empty skycrapers built in west too, simply as “asset storage” and coz money was cheap…
Human activity is more of balance… need same basic stuff, some luxuries to bring joy.
I’m just hoping the neocons don’t initiate a scorched earth response.
Hello Chris!! Just popped over to say the new page formatting is horrible. It is so hard to navigate compared to the old one. Is there a chance I can beg you to go back to it? 
best and thanks as always.
Regarding the big stock moves following the election…I remember when Queen Elizabeth II died. The next day the British pound soared for no apparent market or economic reason. So at times I think they just manipulate the market to move the mood of the population. Financial interests expect good things for themselves with the Trump presidency, so they want the rest of the population to feel good also, even if the rest of the population won’t immediately benefit financially as the financial elites will.
Just to be clear…there are two pages involved, so I want to be clear which one you are referring to.
Page 1 for every post is on the Main PP page, and is in WordPress which is the same as it’s always been.
Page 2 (where we are now) is in Discourse because it offers a 10x better commenting experience.
Neither has substantially changed in terms of layout in over a year.
Has something changed for you recently? If so, what sort of a device are you on?
Hey Chris, I thought I would comment to bring your attention to Dave Smith aka “the guy who told Elon to buy Twitter”. Dave Smith is a rising star in the Libertarian space and host of the “Part of the Problem” podcast. Hes got great recall, great understanding of political history and is a phenomenal commucator. Honestly hes one of my heroes. Definitely don’t sleep on Dave Smith, because he may run for president someday.
Hi Chris, I’ve read, and it makes a lot of sense, that the way the global narratives are controlled is by these investment corporations (vanguard, blackrock or whatever) offering a vehicle to own and trade stocks with low fees and retaining the voting rights and thus controlling corporations in that way.
It’s common knowledge that shares are not personal ownership titles anymore, the clients are clustered together, which is fine because the average person only cares about “ticker’s price goes up: good” and in the fine print they might be waivering their voting rights. This last part is what I’m not sure about.
If that were the case, once you achieved a critical mass of control you could then bully any other company that doesn’t play ball.
Does that make sense in your opinion? Could it be the main reason you find these narratives about net zero, global warming, identity politics and so on everywhere?
How many times I have wished I could be a fly on the wall and finally put the pieces together of what goes on in the world behind the scenes.
Absolutely it does.
I didn’t make nearly enough out of that point during The Great Taking series as I probably should have.
Two critical things happened with the move to security entitlements.
1 - You are no longer the direct owner of those financial assets but a claimant in a chain of custody
2 - Your right to vote those shares quietly slipped away to another party. Not 100%, you can still assert that right, with some difficulty, but that friction effectively means almost nobody asserts that right. If you own an ETF or index fund, you never had that right in the first place.
Control.
It’s always been about control.
They want it, and we gave it to them.