Big Money Got No Soul
I have said previously that I write about what I know and what I need to learn. If you want my Bonafide’s on this topic, check out my site at Intraday Dynamics.
“The comfort of the rich depends upon an abundant supply of the poor.” ― Voltaire
In my previous post “Know Your Enemy: The Council for National Policy,” I wrote about the cabal of super wealthy and Christofascist weirdos taking over the government.
These are the Christian Nationalists of the Council for National Policy (CNP) and the Heritage Foundation. They have a Talibangelical agenda with a desire to turn the country into a theocracy. The CNP and the Federalist Society are calling the shots. This is the tippy-top of wealth in the U.S. The top 0.01% and they collectively own 14% of ALL the wealth in the country. In the past five decades they have stolen $50 trillion from the rest of us.
In addition, the cabal is funded by the secretive Catholic cult Opus Dei…with virtually unlimited funds.
“The head of the dangerous Heritage Foundation (the group behind Project 2025) is Kevin Roberts, member of Opus Dei. The man financing the entire operation is Leonard Leo, the head of the Federalist Society, also a member of Opus Dei. Seeing a trend?” -- Among These Dark Satanic Mills
Pumping & Dumping
As of this morning, the S&P 500 is down 90 points, or -1.50%. The chart above is called a ‘Candlestick’ chart and it is a daily chart.
You may remember that on 6 November 2024, the markets gapped sharply higher post-election, and we were told that you had to ‘get on board for the T***p Bump!’ The new “Golden Age” is coming!
Then on 12 December 2024, T***p rang the opening bell on the NYSE (a day in which all indexes closed lower) and CNBC circus clown Jim Cramer asked T***p if Americans should be ‘buying stocks.’ T***p refused to answer saying a; “…dip…can always happen.”
Since the 6th of November, the S&P has stayed within the ‘gap area’ on the daily chart. The pre-election close on the 5th is 5782.76. Thus, any trade under that level will wipe out the “T***p Bump,” and will most likely lead to further selling.
This is how ‘they’ do it. T***p won! Get in NOW! Don’t have FOMO! Then they close the trap doors, and the slaughterhouse blades start spinning.
The tech bros, who have purchased the government, have seen their wealth increase exponentially in just the past two years. Since just the 2022 low in the FAANG index, prices have increased +236.95%. 237 percent in two years. During this time, AI has continuously overpromised and underdelivered, leaving the valuations of some of the high-flying tech stocks at insane levels. The “Magnificent 7” MAG7, a basket of the top tech stocks accounts for 50% of the entire gains in the market of the past two years.
Project 2025 is about crushing the souls of the plebeians. In addition, the tech bros could honestly give a flying fork about the CEOs whose heads will be on the chopping block in a meltdown.
In 2000, the same thing happened. At that time, the Nasdaq index dropped -83% from the highs in roughly a two-year period.
Don’t be surprised if we see the same thing happen again here with the upper crust of humanity calling the shots.
Their goal is to bring the cost of physical assets down to bargain basement prices so they can scoop up new inventory for a song.
“Sometimes pushing people around
Sometimes pulling out the rug
Sometimes pushing all the buttons
Sometimes pulling out the plug”
--The Big Money: Neil Peart (with Gary Lee Weinrib, Alex Zivojinovich)
“This information is provided for educational purposes only and is not a recommendation or an offer or solicitation to buy or sell any security or for any investment advisory service. The views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Opinions discussed are those of the individual contributor, are subject to change, and do not necessarily represent the views of Intraday Dynamics. Intraday Dynamics does not assume any duty to update any of the information.”
I like the flying fork.