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All the word "on the street" is that tomorrow will begin a financial and economic catastrophe the likes of which we have never seen . . .
I don't generally put out stories on this website that are based almost exclusively on "rumors" but today seems to be an extraordinary day.
I am going to tell you these things with the strong CAVEAT that this is all RUMOR. Unsubstantiated. Unverifiable. It may be wrong.
1) The US issued deployment orders to forty thousand (40,000) more troops to head to the Middle East. The Order reportedly came out yesterday, and the planeloads of troops began moving last night. War seems to be inevitable now. Iran.
2) At least one and possibly two C-5M Super Galaxy military air transport planes flew into Israel, the Nevatim Air Base, carrying multiple PATRIOT Air Defense systems and - allegedly - one additional THAAD air defense system.
3) China is reportedly dumping United States Treasury Notes at a discounted rate of $0.25 cents on the dollar. They reportedly have had enough of the USA, they want out of the two trillion in US Debt they are holding.
4) Japan allegedly notified the United States on Saturday that they, too, are dumping at least $1.1 Trillion in US Treasuries "at any price they can get for them."
NOTE: If items 3 & 4 above are true, it will mark the end for the United States being able to issue Treasury Bonds to finance their deficit spending. Other countries will see what China and Japan are doing and will realize US credit is no longer trustworthy, and stop lending to us.
5) Of the 185 countries affected by US Tariffs, about fifty (50) have contacted the U.S. seeking to negotiate future Trade. But most of those 50 countries don't do an awful lot of trade with the US. Of the remaining 135 countries who have not (yet) reached out, the vast majority of our Trade is done with them.
We don't manufacture a lot here in the USA anymore and if those countries stop Trading with us, we will see catastrophic supply chain disruptions and very visible empty store shelves. GET WHAT YOU NEED TODAY.
6) If the US goes to war with Iran, word on the street is that other oil-rich nations will cut-off supplies to the US in retaliation for starting such upheaval in the Middle East. An actual embargo.
Those of us who are old enough to remember the Arab Oil Embargo of the 1970's will recall long lines at gas stations (the few that had any gas at all) and Rationing, with odd-number car license plates getting gasoline on odd-numbered days, and even-numbered license plates getting gas on even numbered days.
We could see that - again.
7) In financial Sectors, word is that the large Hedge Funds have been working all weekend, deciding which stocks to dump because they are weak performers and/or vulnerable. The RUMOR is that all these Funds will DUMP all of those holdings by 10:00 AM EDT tomorrow, regardless of how much loss they take. They want these stocks gone from their books.
As I write, it is 3:25 PM eastern US time and both stores and gas stations are open. Get what you need TODAY because if these rumors prove true, we are heading into a world of hurt.
Again, I emphasize, these are RUMORS. None of them are good.
We will see factual reality starting at 6:00 PM eastern US time tonight, when the "Futures" Markets open.