. . .
K “Bonds do not lie.”
J “Bonds do tell the truth.”
. . .
K “There are elaborate mechanisms in place to slow or halt trading with merely a call from the Treasury to BlackRock and Vanguard. ‘Mutual’ funds slipped fine print in their ‘Terms of Service’ to ‘gate redemptions,’ a euphemistic and obfuscatory way of preventing people from accessing their money indefinitely. The vaunted President’s Working Group on Financial Markets d.b.a. the Plunge Protection Team is ready to intervene. However, closing the banks is the big tell. With that action, some folks will sense that there is something up and something going down.”
J “Those in power have developed defenses against the tsunami. The fate of a Republic and the outcome of an election turn on each citizen’s stock portfolio remaining at hyper-inflated levels through the election.”
. . .
K “The e-mails are always the same one word: ‘When?’ with ever greater urgency. ‘Later and then sooner.’”
J “The can can still be kicked down the Interstate even longer without consequence. Those in power are uncanny.”
. . .
[See “9 Terrifying Truths About Long-Term Economic Crises” by Milan Adams in preppergroup.home.blog published on September 14, 2026 and “10 Unexpected Consequences of an Economic Crisis Nobody Is Talking About” by John Walter in johnwalter25.substack published on September 25, 2026.]
[See the e-commentary at Twenty Sixteen (January 4, 2016) with J and K debating the direction of the economy over ten years ago and read a few dozen other e-commentaries published over the last two decades.]
Bumper Stickers of the Week:
“‘How did you go bankrupt?’ ‘Two ways. Gradually and then suddenly.’” Ernest Hemingway, The Sun Also Rises.
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” Rüdiger Dornbusch
“There are centuries in which nothing happens and years in which centuries happen.” ?
“There are decades in which nothing happens; and there are weeks in which decades happen.” ?
Bonds are candid
