20200319-Aura-The End of Confidence


Aura Wright (3/18/20)

The End of Confidence

+++++++++++++++ Update March 18 at 4:30 PM MST +++++++++++
THE END OF CONFIDENCE - within the next weeks we are reaching that point when the public will start to lose all confidence in the financial system. How long will that take? Nobody can know exactly because like the moment when everyone finally took Covid19 seriously, this is an issue of mass psychology. But it could still drag on for a couple of months.

By May most Hospitals will be overrun and by June everyone will be facing this virus directly. And yes, sadly there will be a lot of deaths, especially in May and June. Expect more MASSIVE stimulus packages like the one we just got - it seems to have stemmed the massive bleeding. They will do more. You will be getting a direct payment from the Govt. They will be sending money to everyone. Well, at least you know where to spend it.

BONDS - are in trouble. They are about to start to collapse and anyone who holds them will be left empty handed. 

STOCKS - Of course the market halted again today and a little bump was achieved. All that is happening now is that the FED is buying time. They are just trying to get us through the rest of this week. I expect more down movement, but they are desperately trying to bail water out of a waterlogged rowboat with a teaspoon. THEY WILL PRINT MORE MONEY.

HYPERINFLATION - The inevitable result of this money printing will be hyperinflation. Gold and especially Silver are your hedge against this tool for robbing you of all your resources. Any necessities you spend your money on today will be at a very steep discount in relation to the prices of tomorrow. Amazon is running out of supplies very quickly.


BUYING STOCKS DIRECTLY - This is their last option and this is what they will do. I see them trying to hold this thing together with propaganda, misinformation and the plunge protection team for the rest of March. They might even keep the stock markets going sideways - a little. But overall we are still going to be dropping more. Consider this: the actual value of the Dow is probably around 6,000-8,000. The price it's at now - after the most MASSIVE DROP IN HISTORY is around 19,000 and it's already lost about a Third of it's value. And yet the fiction continues and the exact timing of fed's moves are impossible to predict, because there is freewill. Mostly we must wait to see when they decide to switch into a purely fictional market that they inflate with pure money printing and directly buying the stocks and bailing out company insolvency themselves. Currently this is not allowed. Look for Trump to change the laws and make it ok for them to do so. It will be called something like a "Pandemic or Covid19 restructuring plan."

(Wendy:  Later she updated that the direct stock buy backs is already here.)



3/18/20 7:23pm

It's Here - The Direct Stock Buy Backs I've Been Seeing
Apparently today they made this legal. This is the back door that I was saying is coming and it got here suuuuuper fast. This is how they will re-inflate the markets. Eventually. They will not start out being too aggressive at first. It's also not going to work that well at this moment. They will actually create MORE ways to do this in the coming weeks.


ZeroHedge:  The Fed can now buy stocks via PDCF

-The banks can now use stocks as collateral to get cash – Primary Dealer Credit Facility.  (PDCF)

This means that dealers can now buy stocks at what are still massively overinflated valuations thanks to trillions in central bank liquidity, knowing they can then turn around and pledge them to the Fed at a collateral value that is determined by NY Mellon Bank who will write down pretty much anything in exchange for a free dinner, and even if the stocks crashes the Fed will still assign whatever value BNY Mellon decides it is "worth", basically giving the dealers not only a costless purchase but also a free put option!

For those who many not remember, the PDCF was one of the biggest bailout abortions of the financial crisis in 2008, one which we discussed extensively in describing how dealers abused the Fed as they pledged totally worthless stocks for which they got "par" value. 



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