Judgement Day!

Probably not with this latest Kabuki Theater from Greece, which is going to play out this week. Look for Greece to stay in the Euro and look for the referendum to pass for staying in the Euro. Nevertheless its another Greece default. After they close the banks for a week on the Social Society of Greece, there will be a wave of votes for the Eurodaddy. The Dow will rally and the shorts will get squeezed like an over-ripe olive. You won’t believe the rejoicing on CNBS when Greece is saved in a week, but before the “save” there will be a very nice beta-test (ala Cyprus) on bail-ins and other “extraction measures” that have been dreamed up for the coming Day of Reckoning. Oh rest assured this will most likely not be it this week, but it is something you should be paying attention to. 

More interesting to me is China and the bubble they’ve created and how that plays into the end-game. How long will China sit on the sidelines and let the US dictate monetary policy before they exercise their own prowess and pull the plug on dollar hegemony? They’re very patient and they haven’t accumulated 9600 tons of gold over the past 6 years for nothing. Their timetable could also be nearing and endgame. 

This week should make a lot of us very nervous, but I think you still have time to make preparations and observe the takedown of a once proud democracy. There are changes taking place here as I have always predicted would be made. They’ve been incremental but as the end game approaches I want to say just how fascinating this time has been and how much I appreciate all of your input. gl