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Monetary canards never die. They just get spun with a twist and come back again in different forms.

The trillion-dollar platinum coin is morphing into a 'Strategic Bitcoin Reserve' to pay off the US debt.

Well, at least we know we are nearer to the end of this phase of the great transfer of wealth - the downward spiral of dumbness.

I have seen a lot of things in the past 50 years or so of trading, but the same dumb scams and debates keep coming back, again and again, and people keep buying them until the end comes.

Deflation is inevitable. Debt doesn't matter. Madoff found a money machine. Enron was making a killing by thinking differently. It's a new era of tech stocks and valuations.

It's all about the Benjamins. And those with few morals seek those with little sense. 

Ask yourself this, as you would of all Ponzi schemes. Who is the greater fool?

And those who know better stand by and do nothing, or just go along to get along and get their piece.

Stocks were a bit mixed. They are getting tired.

The economic data this morning came in line but got spun as Dollar strong.

Gold and silver just got hammered. Stock option expiration on Friday.

And the beat goes on.

Have a pleasant evening.

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