12:26 p.m., EST
The Great Depression is about to be eclipsed by ‘The Greater Depression’.
The Great Depression Diaries, is an excellent glimpse into the realities and timeline of a financial collapse.
After watching and listening to all segments, if you changed the dates, you’d think it’s talking about the here and now.
Three key takeaways are:
- Intentional destruction of the food supply
- Real unemployment numbers falsified
- People starved to death
We can look at today’s payroll data as a pivot point. For whatever reason (out of work, being paid not to work), the economy’s not coming back.
The belief the economy’s going to be stronger once the benefits run out (as stated in the linked article) is false.
The current economy is being intentionally destroyed.
That’s not too hard to determine.
Here’s just one more bit of data (unverified, but still of note) to support that assessment.
If you’re unemployed, starving to death, you’ll be a ready face-diaper wearing compliant subject; easily coerced into being injected (executed).
Obviously, the goal is to be as independent, self-employed as possible so we’re not that person.
Which brings us to the culprit du jour: Biotech.
Yesterday, the expectation was for a reversal and test (that day) before SPBIO continued its downward trajectory (LABD higher).
It looks like the test is lasting two days (maybe more) instead of one.
Inverse fund, LABD is currently trading near 24.15. That’s right in the vicinity of the expected range between 23.90 – 24.30, stated yesterday.
LABD did push a little bit lower in the early session to 23.68, but still within expected range.
LABD is testing the right side channel line and trying its best to break through. Thus far, the low for the day remains at 23.68.
If there’s an upward (LABD) reversal from here, a Fibonacci Day 8, from the original Day 55 low, it would give more confirmation we’re at least following the trendline; potentially at the very right side of a huge trading range.