Dow crosses 37,000 for the first time, soaring after the Fed signals rate cuts ahead

CNBC.com ^ | 12/13/23 | Brian Evan’s, Sarah Min

[cuban leaf]

The Dow is not up. The dollar is down.

[cuban leaf]

The way those auctions work is that the highest bidder determines the price for all bonds (weird but that is how they do it).

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That’s kinda how they do it at normal auctions as well. If they have four of an item and they say you are bidding on one, once someone wins the bid, they ask them if they want all four. If not, they ask who else wants any of the others at that price.

If there are no takers, however, they restart on the remaining unclaimed pieces. I suppose that in a way that happens here too. If nobody else buys, well, they need to adjust the price somehow.😉

[Lakewood]

Bingo.

Dow priced in Gold Jan 20, 2020 = 19.99 (31,186/1560.15)

Dow priced in Gold Dec 15, 2023 = 18.25 (37,090/2032.20)

[Chgogal]

https://usawatchdog.com/biden-still-at-9-or-less-left-kills-x-economic-warning-signs/

“ The economic warning signs keep flashing bright red. Two big warning signs on the road to financial perdition are China and other central banks continuing to buy physical gold at record amounts. The other big warning sign comes in the form of countries shunning US Treasury debt. This makes it very difficult, if not impossible, to finance our exploding debt. What could go wrong?”

[cgbg]

I have read many articles that say the same thing—but when you dig below the headlines and go into the numbers it is a lot more complicated.

The dollar will die eventually—but I think it will take a long time—and almost every other currency on the planet will circle the drain first.

Gold is overcollateralized by fraudsters.

Crypto is overrun by fraudsters.

The whole world of finance is scammers scamming other scammers.

If you want safety pet a friendly dog.

;-)