The Currency of Fear

By David Glenn Cox

It feels like we are moving into a new virgin territory, into a new phase of reality. The copper-colored criminal has broken his lance and all forward movement has turned into retreat. Kristi Noem is facing federal contempt of court charges. Lindsey Halligan has been punted like a football. Krash Patel is facing a revolt inside the FBI. Pam Bondi is facing a revolt inside the justice department, plus a lack of warm bodies. Whiskey Pete Hegseth is facing murder/war crimes charges. While the mango moron is still facing down Epstein.

On his Air Force hideout, the doofus in chief offers to release his MRI results, but doesn’t know what it was for. Did he bother to ask? Does he not remember? While pretending to be cooperative, he exposes yet another flaw. He doesn’t know what the folks in the white coats were looking for. But the MRI was of his heart and his abdomen and they don’t give MRIs just for fun. They were looking for something specific. And being  his abdomen, is someone having trouble trying to poop? Is there a blockage? It reenforces a pet theory of mine. He’s full of shit.

But he aced his cognitive test. Unaware they don’t give those unless they suspect something is wrong. And when they give more than one test. They deeply suspect something is wrong inside of his coo-coo clock. Trump’s hours of operation are shrinking down to part time work with full-time naps and McDonalds feedings.

Trump’s terrible tariffs are causing an economic slowdown. China had promised to buy 12 million metric tons of soybeans before the end of the year, but so far, has only purchased a pittance. If you read or watch the financial channels. Listen carefully, then do the opposite. A Bloomberg story said the traffic in the Port of Los Angeles was down by 30%. Then they tried to blame the decline on China. We are the customers and they are the sellers. If the volume is down 30% it is because we aren’t buying. But the financial channels never want to report bad news. Down 30% reflects on the American economy and points to trouble. But the message is clear. It’s always a good time to buy more stocks!

The Bank of England is warning the AI tech bubble is about to come unsprung. The Bank of England has been in business in the same location for 400 years. Word on the street says China is dumping billions in US treasury notes and ditto Japan, in favor of gold. Gold is the currency of fear. Gold is the currency of “Oh shit, the house is on fire!” Conveniently, for the gold market, Russia is going broke and selling their gold as fast as they can get it off the truck. It keeps the international gold market from going crazy because there is an easy source for all the gold you might ever want to buy!

A general collapse of the crypto coin market. Crypt as in dead is correct. The days of speculation are over! Crypto is the market of hide and seek and now the game is finished. There are no guarantees in crypto, and the last one out gets fucked. So the major players are getting out and running to gold for cover. They don’t want stocks or bonds or Real Estate investment trusts. They want gold, the currency of fear. Why is that, do you suppose? Could it be the world markets are losing faith in the copper tone killer and his manipulative mental masturbaters?

Quietly, through an email, JP Morgan relocated its gold trading desk from New York to Singapore. Be in Singapore with your family by the end of the week or be unemployed. Escape from New York! It is unprecedented! It is beyond shocking. JP Morgan is taking to the lifeboats while no one is looking. The gold market is exploding and they want to be as far from oversight and regulation as possible. JP Morgan sees the future with fear in their eyes.

The world financial markets are losing faith in Trump. They’re losing faith in the United States because of Trump. They no longer want our treasury bonds because they understand Trump is the dictator of disaster. Trump stifled the numbers from the Bureau of Labor Statistics. That might work domestically for a minute, but overseas buyers won’t buy a pig in a poke. The only reason you quash numbers is when they’re bad and then their imagination takes over, making it even worse.

Trump’s big bastard bill and trillion dollar give away to the rich signals to the world that the crazies have taken over and thrown all financial responsibility out the window. The symptoms are clear, if you look. Wall Street has been buoyed by tech speculation rather than by confidence. AI is going to be the next big thing. Just you wait and see! It’s gonna be great and wonderful! We’re all going to get rich on AI. But after all, the billions and billions have been invested. They need billions more and no one has made even a nickel yet. It is all based on pure hope and speculation. Maybe, if we dig a hole right here, maybe we’ll strike gold eventually someday. Everyone agrees it sounds like a real good idea and just everyone thinks so.

But what they are seeking is salvation through a Hail Mary pass. Something to save them from a market and misadministration, which is a whirlwind of corruption and mistrust. Trump promises to do this today and do the opposite tomorrow. Trump wants to replace the chairman of the Federal Reserve for someone more pliable and amenable to presidential advice. From inside his orange corrupted cranium, it sounds like a real good idea. But to the world of investment, it sounds like time to go.

Time to man the fallout shelters made of gold. Time to run and hide. But gold is the currency of last resort. You can’t buy a house or a car or a candy bar with gold. Eventually, you’ll need a currency. Gold is the currency of fear. It’s not for spending but for hoarding. Freezing wealth and putting it away in hopes of a better day, sometime in the future.

We are beyond Republican and Democrat now. Trump and Trump’s policies are destroying faith in the United States as a going concern. Overseas investors no longer see the US as safe investments. The markets fear a crash is coming. Fearing Trump has pissed in the pool, strangled the golden goose and screwed the pooch.

Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision, the people perish.

The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.

Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. The joy and moral stimulation of work no longer must be forgotten in the mad chase of evanescent profits. These dark days will be worth all they cost us if they teach us that our true destiny is not to be ministered unto but to minister to ourselves and to our fellow men. – Franklin Delano Roosevelt, March 4, 1933

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