It was just two days ago that we wrote, “Gold Has Biggest One Day Rally Since Brexit as Elites Rush Into Gold”.
Now, to end the week, US stocks had their biggest drop since Brexit on Friday.
The Dow Jones Industrial Average fell 394.46 points, or 2.1%, to 18085.45, and the S&P 500 declined 2.45%, while the Nasdaq Composite lost 2.5%.
Most pegged the blame on concern over a 0.25% rate hike by the Federal Reserve at their upcoming September 20th-21st meeting.
Federal funds futures, which are used by traders to place bets on central bank policy, on Friday showed a 24% chance of a US interest-rate rise in September, compared with an 18% chance as of Thursday.
Eric Rosengren, President of the Federal Reserve Bank of Boston said Friday that “a reasonable case can be made” for raising interest rates to avoid overheating the economy.
Of course, no one asks, “how does an economy overheat”? An economy isn’t a cake. If an economy is “overheating” it would mean that trade is going well, profits are being made and capital accumulated. Why would one want to avoid “overheating” the economy?
Well, the US and all other Western monetary systems are run by a communist-style central planning agency who deem it their task to manipulate interest rates and counterfeit money in response to the perceived “overheating” or “cooling”.
It’s nonsense, of course, and the only shocking thing is that no one has taken the central bankers out into the town square and hung them yet.
But, in this communist-style system, ALL eyes and ears are focused on the politburo to see what the wise leaders have deemed is best for the rest of us plebs. And this is the case, yet again, as the market has jitters that a rate hike of 0.25% could destroy the entire worldwide economy, monetary and financial system… a state of affairs that could never have happened without central planning.
Even more hilarious, is the fact that anyone could deem a system with nearly 50 million people on food stamps and nearly ⅓ of the entire public jobless as “overheating”.
ARE WE IN FOR A MASSIVE CRASH THIS JUBILEE YEAR?
The Jubilee Year ends on October 2nd. And, based on our analysis we said that 2016 would be highly volatile, there’d be massive change and all the building blocks towards global government would be put into place.
We were right, straight off the bat when January was the worst opening month to a year for worldwide stock markets in history. Then, in June, with Brexit, we saw the continued fracturing of the EU (which we were the first to boldly predict on the end day of the Shemitah last year (“Eurozone Collapses, Borders Erected on Shemitah End Day”).
And the day after Brexit saw the worst one-day worldwide stock market drop in history. Exactly 7 years, 7 months, 7 weeks and 7 days since the Shemitah end-day crash in 2008.
We’ve profited massively from our analysis, with the TDV newsletter’s Premium portfolio up 200% from a year ago.
Our positions in gold & silver have done very well since the very first day of 2016.
Since the beginning of the year, gold has risen 24.9% and silver has skyrocketed 37.1%.
And bitcoin has also risen nearly 9% since the start of September.
But the question is, will we see another massive crash by October 2nd, or soon after?
There is no way to know for sure, of course.
But I’ve said for months now that I expect September/October to be a very volatile and dangerous time in the markets.
Only time will tell if that is the case or not. We'll find out early next week if this drop on Friday carries through.
But, as we warned, be prepared for massive volatility and, potentially, a massive crash during this time period.
Many of our subscribers have been enjoying all this volatility, while most others are living in fear on days like today. Here is just one subscriber's comments from our private subscriber's only Facebook group with his gains from just today alone.
To join our group of worldwide vigilantes, many of whom are happy to help you with any questions you may have, click here.
Most people are worried sick this weekend after Friday's market action. But here at TDV we are all looking forward to Monday to see if the markets continue to drop in free fall.
But, even if it doesn't, we are positioned to profit from the volatility which we expect to continue throughout this fall. This is not going to be a boring few months ahead!
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