Its happening, the collapse has begun the final phase.

Yes its all due to printing paper money and bitcoin not backed by the silver or gold standard.

I wouldn't panic yet even though the stock market lost 3% today.

The Fed is raising interest rates a little too fast. Bond market yields are up over 3% on 10 year Tresury notes.

I sounded the alarm yesterday and the Dow is down 830 points and NASDAQ like 315 points and Tech Stocks took a beating.

The Asian Markets Must Bow To Trump and His Tariffs!

How's the gold backed Yuan doing?

lol

At the end of this the Federal Reserve and central banks around the world will not be the same as they are today we are going to end up with a new cash/crypto currency system. There will no longer be a debt based system after this is over.

Ultimately all currency crypto and government will be commodity backed when this settles down.

I am sure ultimately there will be some kind of domestic/commercial credit system but it will not resemble what we have today.... The time of free money is over, the time of credit cards is over.

If the market dumps big today expect things to be different Monday, I would get to the bank and pull out some cash. Cash will be king for a while.

Market lost half as much as yesterday. Quarter of the loss on Friday and gaining again by Monday.

Bubble is popping?

WTF happened to the Bubble is Correcting first??

Monday?

WTF happened to Tuesday????

Cash?

WTF happened to gold?

Basic Economic Theories vs RichG Made Up Projections?

FvCK! I missed that course in college!

I'm fvcking confused.

I need a 22 ouncer of Malt Liquor as we ride out this stock correcting, bubble busting, tidal wave of DOOM. When it's over, I'm going to need the help of the Malt Liquor to pick out and buy MORE stocks!

Hey steeleworldwide, time to crack open a case of Malt Liquor. I'm in.

The market was very high, it burped, it always does. Idiots panic, yawn, get your cash and wave "the end is near sign". Market will come back, it always does. You only lose if you pull out. Or you can stay in longer and enjoy the bumpy ride....kind of like your prom night.

In the meantime, do as Paker said and have a Malt Liquor and chill the fuk out. Where is steeleworldwide?

Nothing lasts forever, eventually everything ends.

diamonds last forever....

Ashes to ashes................
Dust to dust...................

Peace out.

I have to catch a ferry this afternoon. Don't jinx it.

Fish on...

Todd

+1

little buy in today after a 5% drop, people thinking they got a deal after the sell off.

We will see what happens at the end of today or starting out next week.

Great song......

Not often I agree with you Sol, but on the Lightfoot song, you are absolutely correct. What a story!

For every person that has gone to sea, that song serves as a cautionary tale and is felt deep in your soul.

Yep, I king Crab fished from 80' to 84' back when the crabs were a lot bigger. I've been 300 miles from Siberia and up to the pribilof islands for the Blue Crab fishery. These blue crabs are larger than the RedKing Crabs. When they come to the boat they are a beautiful iridescent blue. Lucky to be alive, dragging both anchors against 80 knot winds and 40' waves....wouldn't change anything about those years. I also fished two seasons for Salmon in Bristol bay. The sea will change and humble you.

Z
I
N
G

B
O
O
M

I have never done crabbing, but I did read the great book Highliners by William McCloskey and after reading it I thought it would be reasonable for crab to sell for $100 per pound! Tough, tough life.

"The searchers all say they'd have made Whitefish Bay if they'd put 15 more miles behind her."

They were diving down to get the bell off the Fitz when I was back in Michigan at the inlaw's place a few years ago. I think they have it on display at the Soo Locks now.

Damn I'm good.