The Tears of a Clown … Fools Paradise is Ending Will we actually get to see Tears of the Clown as the BRICS countries go and completely undermine the US Dollar? The new Gold/Oil backed currencies will go into effect just two weeks from now, and TODAY the first NON USD denominated oil transaction was made. Instead of using Dollars they used the Indian Ruble. This is the death knoll for the Dollar and most people haven’t even got a clue.
Most people think that it’s just another cute event on the world stage that won’t really effect them so why should they care? This is actually the real issue with the US and it’s incredible prosperity. Most people do not think or care about who or what has paid for the power and hegemony of the Dollar. Too many people have been too self-involved to care. Most people will be shocked to realize that the rest of the world is MAD at us, they are sick of us pushing everyone else around, making financial deals that were only good for us and creating military coups, wars and bombings wherever it served our corporate bottom line. This could have been stopped if people had just stood up and done something, but collectively we have not.
And now it will be over before you can imagine. I see the Dollar as dying very quickly. I do not see it going through a long, slow long, Weimar republic, Zimbabwe, Venezuela type of death march. It can die very, very quickly. Maybe it just happens in one overwhelming day where all the politicians on Capitol Hill start jumping off of 50 story buildings when they realize it’s GAME OVER for their corruption. These are some of the Clowns, will we see their tears? This can happen just that fast. Sure it will take the rest of the Country a week or two to actually figure it out and stop accepting the worthless paper. And I see this end of the Dollar as part of the plan by the ‘Cabal’ because they want to start pushing us into the CBDC very quickly. But this is where there will be a wild card and things get out of their control. Mainly this is because the suppression of Silver starts to fail.
So, these next few months are going to be extremely interesting and volatile. And we will see tears from all the Clowns who are holding large amounts of Dollars. I don’t mean to sound unsympathetic, it will be very bad. But I’ve spent pretty much all of my life turning myself red in the face trying to get through to these very same clowns. My words have mostly fallen on deaf ears. Some people (most people) have to learn things the hard way and there is nobody who can stand in the way of this. And now it is too late. All we can do is take care of ourselves and watch the storm come raging through. Please, please, please be well prepared. I am not saying the USD will crash on the 15th, I do NOT expect that it will, but we only have a few more weeks after that before it does, as all the USD around the world comes back to us.
BTC – This week we can stay in our trading range or even push just above it before we get a significant drop next week. You can see the small green box on the chart below shows that BTC did spike above the trading range. I had explained that it could touch that purple line between March 29-April 1 in the VIP call We will mostly stay rangebound this week but by the 6th/7th we can start to make our move down to the next lower level – as you can see on the chart below. This is likely to be our last good chance to buy things before we get the final push from this current market run-up, so be aware of this.
I have targeted April 15th as a massive challenge and problem date for Crypto. We will probably start to see more bank failures this week and into next. I do not actually expect it to work the way it did with the first wave of Bank Failures. This time Crypto will go down. It probably won’t get totally crushed because the unwinding of the Crypto Market won’t happen quite yet – we need to hit our peak first and we aren’t yet in that range. But by next week we can see a pullback/drop back to the $25,500 range or possibly to the lower levels – as market on the chart below. Are these the tears of a Clown? Hardly. The carnage that is coming will make this look like nothing!
ALTS – are leaving us lots of CLUES if we pay attention. The ones that are having the worst time of it now are the ones that will completely fail later. I will cover this in more detail on Tomorrow’s Call. PLEASE NOTE: The All Member call will be TOMORROW NIGHT (Tues) instead of Weds because I am traveling on Weds which could interfere with my schedule. I will go over some things about XRP in greater detail on the call as well. The MAIN Tears of a Clown we will see in the Crypto World are those traders who are in Stable Coins at the wrong time. This will wipe a lot of people out so we really, really, need to be prepared for this and I will go into it more on the Call Tomorrow. BTC Chart:
REPEATED INFO: MY BANK FAILURE STRATEGY NOW: Take enough cash (in $20s) out to cover 1 month of expenses, including buying food. Turn at least $200 into rolls of quarters inside the bank branch. Go through each roll and pull out any coin dated 1970 or earlier. Any coin with a date earlier than 1965 is 90% silver. Any coin with a date between 1966-1970 is 40% silver. These will have REAL WORLD VALUE in the coming weeks. I am finding an average of 1 silver content coin per roll, these are called CONSTITUTIONAL COINS or JUNK SILVER. I set these aside and keep them somewhere safe.
I also save the other quarters because they will also have some (much lesser value) in the coming months. These are worth the actual metal they are made of. Paper money will be worth nothing, except the habit people have and belief in it’s value. This will not last long when the dollar dies.
When the dollar does die I expect to spend the paper as fast as I can and keep the coins and not start using them until most stores are refusing paper and only accepting coins and silver. This is my strategy for keeping my bases covered!
GOOD RULE OF THUMB: For crypto is to always take out some profits when you reach a 10x on a coin and take out a bigger percentage at 20x.
Technical terms that may be helpful:
**Ladder Out means setting sequentially higher sell prices, in order to capture potential profits on coins one chunk at a time (say 2%-10% or more on each order) **Ladder In means setting sequentially lower buy prices in order to capture the downward market moves, again using a percentage of available cash for each lower target price. The percentages depend on how big of a market move we are trying to capture. Smaller (or underwater) levels of the market would want to keep the percentages low, but when the market is hitting peak levels/or bottoming levels these percentages should get much higher. However, the actual numbers you use should be based on your own personal risk tolerance.
