Here is a look at 2 truly shocking charts, plus an email from a King World News reader.

This Is Not Good
October 17 (King World News) – ISABELNET:  The 10Y-2Y inverted yield curve does not bode well for the US economy.

More Bad News For The US Economy

Crowded Bet
Jason Goepfert at SentimenTrader:
  I don’t think people really appreciate what’s happening in the options market right now. Last week, retail traders bought $19.9 billion worth of puts to open. They bought only $6.5 billion in calls to open. This is the first time in history that puts were 3x calls.

Public Gambling All-In On Put Options!

Who Owns What?
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab:
  Top 1% of Americans (by wealth) own 53.1% of all stocks in United States; top 10% own almost 89% and bottom 50% own less than 1%.

Top 1% Own 53.1% Of All US Stocks!

Dr. Leeb’s thoughts on CCP Congress & chip sanctions
Email from a King World News reader Charles P:
  To most, these two events will appear unrelated, but taken together the implications are ominous.

A few thoughts from an “IT” guy (Yours Truly) 

1.  China has not one, but two of the most powerful supercomputers in the world. 

  1a.  By all accounts, they produced these using their own chip technology from their own fab plants 

2.   The chip sanctions will be nothing more than an annoying “speed bump”.  For God’s sake, does anyone think China hadn’t thought about this possibility after seeing what happened to Russia?  Based on #1, I am certain China has the capability to quickly replace any supposedly “Irreplaceable chip technology” they were getting from the United States or anywhere else in the West.  

And now for the geo-political ramifications: 

1.   Any remaining trust by any country about the “good intentions” of the United States has just vanished.

2.   China will use the upcoming CCP Congress to raise an extended middle finger to the United States and make it clear the Taiwan Issue will soon be settled in China’s favour, and make it pointedly clear the U.S. can do little about it except whine. 

3.  China and Russia play “The Gold Card”.  This will expose the total bankruptcy of the United States and it’s pretty tough fighting a war when no one will loan you any more money to do it.  And, as Matthew Piepenburg and Alasdair Macleod and others have hammered home, the Derivatives Implosion now underway is the “nuclear option” that does the same thing as a real nuclear weapon but without the radioactivity. 

Really eager to hear what Leeb has to say about all this; hope you’ve got him lined up for a stem-winder. 

Charles P

ALSO JUST RELEASED: Look At What Just Plunged To One Of The Worst Levels In History CLICK HERE.
ALSO JUST RELEASED: Illiquidity Causing Full-Blown Panic In World Markets CLICK HERE.
ALSO JUST RELEASED: A Terrifying Black Swan Of The Largest Magnitude Has Been Unleashed CLICK HERE.
ALSO JUST RELEASED: BUCKLE UP: The Entire $600 Trillion Derivatives Market Is Beginning To Unwind CLICK HERE.

***To listen to Michael Oliver discuss the Ultimate Black Swan that has now been unleashed CLICK HERE OR ON THE IMAGE BELOW.

***To listen to Alasdair Macleod discuss the catastrophic unwind of the $600 trillion derivatives market CLICK HERE OR ON THE IMAGE BELOW.

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