David Patten

[David Patten @david_patt97271]

@NorthmanTrader The Fed planned and engineered the brief banking crisis and SVB collapse (with help from P Thiel) in order to initiate BTFP. Higher rates > BTFP increases > equity ramp > middle class further crushed b/c of higher rates. It is a perpetual motion machine.

[David Patten @david_patt97271]

@wcvarones @LawrenceLepard Indeed.

[David Patten @david_patt97271]

@wcvarones @LawrenceLepard But when you account for taxes on shares sold / inherited vs handing down physical gold through generations might look different. of course my grandfather lost his gold when his bought sank in Lake Superior near Marquette MI in 1978.

[David Patten @david_patt97271]

@KeithMcCullough Good point. These two are made for each other.

[Luke Gromen @LukeGromen]

A country where people cannot choose how they store their personal wealth is not a democracy; best case, it is an oligarchy...best case.

A global economic system where one can only buy commodities in one currency is not capitalism; best case, it is a "company town"...best case.

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

Consumers 𝘧𝘪𝘹𝘢𝘵𝘦? Screw you, @WSJ.

People must survive on price levels, not rate of change.

The cost of living ALWAYS goes up over time, recently more so. That's a problem for 90% of America.

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

* Emergency FOMC Meeting in Progress *

Waller: You seen the gold price?

Powell: Williams, can't you guys just dump 3000 tons in the futures market tonight? It's not like we have to own the gold.

Williams: We're on it sir.

Daly: [Quietly chanting]

Kashkari: Anybody want food?

[David Patten @david_patt97271]

@LawrenceLepard Haven’t seen an overnight move in gold like this in a LONG time. Something is breaking.

[David Patten @david_patt97271]

@LawrenceLepard Move in Bitcoin impressive. Current move in Au is going to wake up those still asleep.

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

There actually is a parallel here. Baird School is the fiat monetary system, Charlie and Lt. Col. Slade are the sound money guys

[David Patten @david_patt97271]

@leadlagreport Agree.

[David Patten @david_patt97271]

@TheImpaler83 @leadlagreport The Fed never intended to “fight” inflation. Summer of ‘22 actual inflation was over 25%. Rates where they are now - and pace of change - is actually INCREASING inflation albeit at lower rate. This is Fed’s goal

[David Patten @david_patt97271]

@leadlagreport This is how you fully nationalize the grid.

[David Patten @david_patt97271]

@marbledwhite @jessefelder Yes. He’s a sociopath an expert liar.

[David Patten @david_patt97271]

@NorthmanTrader Not an error.

[David Patten @david_patt97271]

@h2walsh Except the extra cost is a benefit given fiat based credit systems require continuous expansion

[David Patten @david_patt97271]

@leadlagreport It’s likely IMO that vast majority of 0DTE volumes are FRBNY trading desk / ESF. If they screw up they just CTRL-p

[David Patten @david_patt97271]

@biancoresearch Well stated and thorough

[David Patten @david_patt97271]

@Nutterproject @LukeGromen @hugohchan Once Henry turned 100 they thought it was safe. When he turns 105 USA might bomb Cambodia again to celebrate.

[David Patten @david_patt97271]

@ces921 @LukeGromen @hugohchan “benefit of US military.” LOL

[David Patten @david_patt97271]

@zerohedge Almost all volumes from FRBNY trading desk / Yeller’s ESF. No worries. They don’t worry about gamma as they ctrl-p