by Andy Hoffman, Miles Franklin:

Following up on the theme of this week’s lowest market volatility in decades; due solely to the all-out commandeering of financial markets that cannot, and will not, last forever; consider the “dead ringer” algorithms I highlighted yesterday morning, of Wednesday’s “Dow Jones Propaganda Average,” and Thursday’s Shanghai Composite.

Here’s Thursday’s “trading” of the Dow, and Friday’s of the Shanghai – which frankly, is difficult to discern from the prior day’s “action.” I mean, how much more obvious can it be? Particularly, considering that this occurs nearly every day; and that conversely, I have NEVER seen it in gold or silver, in the, as of this month, 15 years I have been observing them.

And a few more fun facts, following up this week’s epic articles Monday and Tuesday, proving that the only reason “stock markets” are up is relentless Central bank buying of the largest capitalization stocks – both overt, and covert. Starting with that fact that, just ten of the companies in the S&P 500 account for half of 2017’s gains; and better yet, in the past 10 weeks, the five “FAANG” stocks – Facebook, Amazon, Apple, Netflix, and Google – have gained a cumulative $260 billion in market capitalization (this, despite Amazon and Apple reporting weak earnings); whilst the other 495 stocks in the S&P 500 have lost…wait for it…that same $260 billion! Per the title of my four interest-rate-predicting articles of the past four years, “Nuff’ Said!”

As for the day’s news, it’s equally “calm” – but only due to the Central-bank-induced haze that has washed over “markets,” leaving them incapable of responding to the real, unprecedented dangers that threaten to destroy them each day; as has already occurred in the vast majority of global commodity and currency markets. To wit, “Goldman Mario” Draghi’s speech yesterday, when he espoused that the ECB’s monetary policy – of three years of NIRP, and nearly two of hyper-inflationary QE, has been “successful.” And yet, “the time hasn’t come yet” to end it. Better yet, in prototypically delusional, self-aggrandizing Central banker mode – akin to “Bernanke the Hero”; “Maestro” Greenspan; and the “Committee that saved the world, of Greenspan, Robert Rubin, and Larry Summers; Draghi “humbly” espoused “it’s not my job to be a hero, but to follow our mandate – of (my comment, LOL) price stability.” Yes, “price stability,” of a currency that just last month, touched a fresh 14 year-low – amidst a bankrupt economic union, experiencing the most dramatic political and social chaos since its inception.

Heck, it was a “double-whammy” day for Obama’s failed legacies yesterday – on a day when he received $3.2 million for giving one speech, in which he patronized Americans by claiming “you get the politicians you deserve.” For one, Aetna, entirely left the Obamacare Exchanges, ensuring massive premium increases for all Americans next year. And better yet, the Obama Administration’s brilliant scheme of tying student loan payments to Treasury yields started to backfire – as of this summer, all government-owned student loans will reprice their interest rates nearly a point higher. This, in an environment where student loan defaults are already skyrocketing to record-high levels. Oh, and did I mention that Puerto Rico filed for bankruptcy last week? and thus, the past five years’ Obama-sanctioned policies of having Wall Street load it up with still more debt have spectacularly failed – resulting in this “territory” putting U.S. citizens on the hook for Puerto Rico’s $70 billion of debt?

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