Weekend Update – US To Default On Debt

Tuesday Update...

Red

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Monday Update... it's not looking good for the bulls!

Red

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Before I go over the stock market I'd like to take some time and go over the picture behind the scenes...

Upon reading Benjamin Fulford's latest report, it appears that the Amero dollar is still being pushed forward, and really is going to happen. I honestly don't see any other way to pay down the US debt other then to create a new currency.

In this plan the Amero will be backed by gold, and the current US dollar will be replaced. The ratio will be 2/1, meaning you will get one Amero dollar for every two US dollars you currently have. Will it really happen? I don't know, but a lot of white hat's (good guys) in the Pentagon are trying to make it so.

With all the debt created by the Federal Reverse Gangsters, it's going to be the only way left to save America. But, that doesn't mean we won't be saved from financial collapse, as that's still going to happen regardless of whether or not the new currency is created, or we keep the current one.

According to Fulford, many white hats are slowly and secretly arresting the gangsters one by one. This is being done quietly to avoid the America people rising up and starting a civil war... which the gangster would love as it would allow them to declare marital law, therefore giving them their power back. This is something the white hats are trying to avoid.

Remember, these crooked gangsters want caustic and disasters to happen. They created them on purpose as it gives them power to control us unknowing scared little sheep. The most important thing you can do, is too inform everyone about their plans, and then they can't do them.

So please do spread the word about this by emailing your friends and having them watch video's on youtube about these crooks. The more the sheep (us... as in you and me) become informed, the harder it is for the wolves (gangsters... aka Federal Reverse Illuminati Nazi's, member's of the Bilderberg Group, and those attending the Legatus Pilgrimage), to control and kill us.

You know, I started this blog to write about the stock market. I just never knew how much it was manipulated and controlled by "The Power's That Be" (TPTB). So when I go off subject like this and talk about the gangsters plans, it might not seem related to the market... but it is!

So hopefully you don't think all this stuff is just B.S. as I'm not the one making it up... I'm only reporting it, and spreading the news about it. If you've been brainwashed by the mainstream news all your life, hopefully you are now more aware of the what's really going on in the world we live in.

"The Truth Will Set YOU Free"... so spread it!

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Moving on to the technicals...

From looking at the clear "option expiration" Friday manipulation, I'd say that Monday isn't likely to go up much further. It's likely to be a "pause" day, or flat... meaning up and down throughout the day, but closing with a spinning top, or "doji" candle.

On Tuesday we could get a down day, followed by an up day on Wednesday? But overall, I just have that feeling that the direction isn't going to be straight down... yet! Meaning, I'm looking for some choppy action next week, to lure in some bulls and shakeout some bears.

With the daily chart curling back up, and the put/call ratio too high for another sell off to happen, the market is likely to have an upside bias next week... especially early on. But by Thursday and Friday, we could see some selling going into a 3-day holiday weekend (Memorial Day).

I'm not sure on that, so we'll have to wait until those days get here... and see what the job's data comes in at. Remember, we still have that FP of 111.17 spy, and the FP of Dow 8300... of which, they will both be hit. There is also the September 9th-20th Legatus Pilgrimage, and we still don't know it we are going into that time period making a low in the market, or a high?

If we rise up to the FP of 111.17 into the meeting, then that would be a high... meaning that they would sell off the market after the gangsters cash their checks (from selling at the top in April, while telling the public to continue buying of course), and funnel the money out the country through the Vatican secret banks so they aren't exposed or tracked.

This move up would also be some sort of wave 2 up, with the following down move being an assortment of wave 3's... depending on how you count the waves? Regardless of the count, the next wave down would be a very powerful move.

Now, the other count is more bearish on the short term as it has us only going up to the 1070-1080 area, making a wave 4 up, with wave 5 down to take out the 1040 area and possibly the 1010 low (although I think it won't take it out on the first hit, but instead bounce back up for a larger wave 2).

Here's something else to think about, according to Fulford, the US is going to default on it's debt by this September 31st (actual quote below):

Despite its fearsome appearance, the massive US saber-rattling is mainly a negotiating tactic aimed at ensuring the best possible deal in the upcoming US bankruptcy proceedings. The US will be forced to default on its international obligations by the time of its September 31st fiscal year end.

Even the cool-aid drinking, brainwashed “journalists” and “economists” who believe the corporate media’s false reality must be suffering from cognitive dissonance at this point. The US government’s fiscal deficit is so huge now that even if all countries that have a trade surplus with the US invest their entire surplus in US government bonds, there will still be an annual shortfall of about $1 trillion. This is being made up by Federal Reserve Board printing presses but that is only a stop-gap measure. Any rational analysis even of the cooked data provided by the US corporate government will reveal the situation to be unsustainable.

Now to me that looks like the Hindenburg Omen coming late this September!  So let's think about this for moment and try to piece together what has already played out, versus what we think is going to play out.  I was assuming, or guessing that we would go down into the Legatus Pilgrimage, and then rally coming out it with Stimulus package number whatever (we all know that they have secretly many stimulus packages into the market that wasn't reported to the public).

Even Reinhardt has purposed the idea that more stimulus is what's likely to happen after the pilgrimage (although he is just speculating just like I am).  But, Bernanke just spoke on Friday and said that the Fed's would inject as much stimulus as needed into the market (errr... economy, but we know he means "the wallstreet gangsters").

Ok, if he's already "let the cat out of the bag"... what can they do to stimulate the market after the Legatus meeting is over with?  Let's assume that we are going up to the FP of 111.17 spy in the next few weeks, and it's based on Bernanke's promise of more stimulus.  What's going to rally the market after that?

Isn't wallstreet known to "buy the rumor, sell the fact"?  Ok, well the rumor is that more money will be injected into the market if needed, and the fact is... it's already being pumped in there right now!  And if we see a move up to the FP of 111.17 spy, then we'll know for sure that the money is already in the market.

Remember the link about George Soro's selling everything he own's in the US market?  Do you really think we are going to make a bottom into the pilgrimage and George is going to buy up all the assets with the Dow at 8300?  Or is it more likely that he sold out in April-June and is waiting for a real bottom to happen before coming back to the US market?

This guy is a Billionaire and can't unload everything in only one day... it takes weeks and maybe months to unload that much stock without crashing the market.  Therefore, logic tells me that he's looking for a lot lower price then Dow 8300 to rob the America public again (err... I mean buy up stocks a heavily discounted prices).

I think he knows that this market is going to fall off a cliff in the next few months, and has moved his money out the country into whatever else is safer?  These guys control the market and know ahead of time what is going to happen.  I'm really leaning toward a move up now... into the September 9th-20th time frame and then a huge wave 3 down to wipe everyone out.

Right now, there are too many bears out there, and I think the only way to kill them off is to take it higher then everyone expects.  Since most people are now expecting the 1070-1080 area to be the target, and then wave 3 of 3 of etc... to begin, let's fool them all and take it up to 111.17 spy.

It makes sense too me, as it will allow the daily chart time to go back into positive territory before rolling over late in September, into a large set of wave 3's down.  I could be totally wrong on this, as most people are now calling for the next leg down to occur next week or the following... but it just seems too predictable, and when it's easy to read "it doesn't happen".

Plus, there is this article by ZeroHedge that states that Goldman Sachs is now publicly bearish and calling for a possible move down to 900 spx.  Well, since Goldman is full of crooked gangsters, I can deduct that the position there are now taking is "Long", as they tell the public the market is crashing.  If they are short term bearish, I want to be short term bullish... because they alway lie!

Remember, they are "the Fox" and we are "the Sheep"!  They are trying to steal your money, so don't believe anything they say... I certainly don't.

Ok, that about enough for this weekend post.  Sometimes I get long-winded and talk too much, so I'll close for now and wish all you bulls and bears good luck next week.

Red

Author: Red