Summary
Transcript
This is the most viral girl on the internet this week, Lily Gaddis, who was cancelled, fired from her job and banned from TikTok within 24 hours because she used a little word that hurts a certain group of people’s feelings and causes them to become unhinged when a white person says it, especially a beautiful white girl. It is their favorite word, however, because it’s used in every rap song and they throw it around at each other dozens of times every day. And now a cute white girl using a little word with the A on the end.
It wasn’t even the one with the R on the end. Now she is written up in TMZ because people are so upset. I should have screenshotted her TikTok video before she got banned because there were hundreds of thousands of comments from people who were so hurt and upset by what she said that they dedicated their entire day to doxing her and then harassing her employer in order to try to ruin her life. Oh no, tradwife TikToker fired after using in foul-mouthed cooking video. But what really set them off was a response to their outrage when it sounded like she was going to apologize, but then there was a twist at the end.
So a recent video of mine seems to have upset members of a certain community and it this um all the backlash just really made me you know just really do a deep dive like do a soul search and after all that I still couldn’t find a care. You’re gonna call us racist, you’re going to call us racist. That video was then followed up by this post on Twitter which then further caused the black fragility tears to flow noting that it was the bleepity bleep that was heard around the world. I’ll play the clip here just a moment and you can see that she wasn’t even using it as an insult.
It certainly didn’t have the hard R on the end and she was just using some ghetto slang just as a figure of speech sort of like some people will talk like a Southerner when they’re not a Southerner. I’m fixing to make a YouTube video today okay so here’s what she said. At 3 a.m outside of a nightclub you’re getting the opinion of some dumb whores and uh immigrants fresh off the boat looking for a green card. Yes, they are probably gold diggers but that’s the exception. I’m the rule. Everybody I know who’s married right now they’re br- married to broke ass n****s um and they don’t care.
We don’t give a about your money. I couldn’t care less about your f***ing money okay. My type is broke mechanics and surfer hippie dudes. So that was it and literally tens of thousands of black people on TikTok and on Twitter dedicated hours of their lives in order to ruin hers. Their outrage and black fragility was obviously massively accentuated because she’s not only white but she’s very attractive and so far the only people who are standing up and defending her and denouncing the cancel culture mob which may actually be one of the biggest in the history of the internet are the truly independent political pundits content creators and platforms.
Fox News isn’t gonna stand up for her or bring her in studio for an interview about being canceled. The Daily Wire is not gonna hire her as their new it girl. They may have if she would have said that they’re only two genders and then got canceled for that or if she got fired for using the I word the illegal alien word but she used that other little word that hurts so many people’s feelings and that conservative ink still goes along with the leftist agenda on believing that it’s so offensive that it is considered to be racist.
And she has booked on some podcasts in the near future but guess what outlet gave her a platform first and helped her defend herself against this craziness. Infowars. The tip of the spear in the fight for free speech which by the way may actually be completely shut down as soon as next week. Just so you know it’s been a long and difficult fight for them. I’ll do a whole in-depth report on it but it looks like they’re running out of options and the legal issues are becoming insurmountable and so it looks like this might actually be the end of Infowars as we know it.
The craziness surrounding this girl goes far beyond those who melt it down because of their black fragility and the social justice warriors who dedicate their life to canceling people and trying to ruin their lives. Some on the right are thinking that she’s a Mossad agent that this is a they don’t know. They can’t comprehend that a beautiful girl got cancelled and went viral because she’s obviously not bowing to the political correctness and she uses another certain term as an insult that the rainbow people get upset with so this is an example of the pendulum swinging back in the other direction.
A member of Generation Z just fed up with the political correctness and just not caring but thankfully Owen Schreier helped to debunk the kooky conspiracies around her. So to clarify though you are not Jewish and you’ve never been Jewish. No. Israeli intelligence has never reached out to you in any way shape or form. No but if they do I would be a great agent for them I gotta say. She’s feeding the trolls a little bit there and people on the right dug up some of her old tweets from like six years ago when she was like a 16 year old high school kid where she did seemingly support Israel as most Christians are indoctrinated to do because well that’s a whole other story but she has since changed her ways but it’s just the whole thing is absolutely insane.
They were freaking out about the basis trade over here, and they said it wasn’t going to get any worse. It got a little bit better over here. The short positions shrunk a little bit to 1.426 million, but now they’re back to a near record high, but not quite a record high.
Here, I’m going to go to the next tab, and that is this. This is the two-year note futures. This is the spread between the spot contract, which is June 2024. It is now June 2024, therefore it is spot. The price on that is $101.21. The price on the futures is $101.29. The difference between that is eight cents.
If you sell futures short September 24, and you buy the spot, you are pocketing eight cents per contract. Then you go in, borrow from the repo market, and magnify that trade over and over and over again. Then you start to get some real profits. That’s the two-year, but it’s seven cents. That’s a good number, but it’s not huge.
Let’s go to the next security we have here, the ten-year note. This is the ten-year Treasury. We see here another record low or record high in shorts. Shorts are low because they’re negative, you’re selling short. The record high in short positions was about 1.671 million. Now it is 1.248 million, slightly less bad than it was.
But here again is the repocalypse, when we had a record amount in this basis trade. We are still above that record, even though we have gone down in shorts relatively since February 2024. Yeah, they were freaking out about the basis trade back here. It got worse over here. Now it’s getting better in the ten-year specifically.
We can see in the ten-year chart here on settlements. We have the settlement price over here. We’re amassing around $109.10 versus the settlement for spot price, which is $109.01.5. The difference on that is eight and a half cents, slightly better than seven cents or eight cents, or whatever it was in the last one.
But not spectacular. You have to use the repo market again to keep funding these trades and multiply that eight cents over and over and over again until you get some real profits. It’s very dangerous because something can crash. Now we’re going to go to the kicker here. That is, something is going on in the five-year Treasury note.
This is extreme. Okay, so the five-year Treasury note not really participating in the short position in the basis trade back in 2018, 2019. The repocalypse is over here, September 2019, where I’m mousing around. We did have a record short position, but it wasn’t that much compared to what it is now. We’ll get to that in a second.
So you could say this was participating in the basis trade also, but to a minor extent. But look at this. Now we have a crazy amount of short positions in the five-year note specifically, 2.719 million contracts short. I figured out why this is. Why are short contracts in the five-year note specifically, why are there a crazy amount of shorts?
Unprecedented from about 370,000 contracts short over here in July 2022, two years later, June 2024, we are at 2.719 million contracts short. It just gets more extreme. Well, that is because of this. We have here the difference between the futures settlement price for September for five-year notes and the June 2024 spot price.
That’s $106.32 for the futures versus $105.23.7. What is that? That’s like a 76 cents spread every time you sell a futures contract at $106.32 and you buy the June 2024 spot note contract or spot note or whatever it is, the cash bonds, you have $105.23.7. Seventy-six cents you pocket every time you do this.
So that’s the one you want to multiply, and I don’t know why this spread exists. I’m going to do some research to try to figure it out. But 76 cents multiplied in the repo market, and what the hell is going on in the repo market? We see that volume in the repo market has been going up and up and up since 2022 when the basis trade began to accelerate in the five-year note category.
So we’ve gone from about less than a trillion dollars a night to now two trillion dollars a night, and it keeps going higher and higher and higher. Why is that a problem? Well, it’s a problem because the monetary base is shrinking. This is a proxy for the amount of dollars available in the repo market overnight.
The more this goes down, the more it shrinks, the fewer dollars are available. Dollars is a countdown. This was the repocalypse. We had QT from 2017 to 2019. Repocalypse dollars ran out, repo market couldn’t be funded, and all of a sudden, wham, you have quantitative easing again. Balance sheet goes up.
This is the Fed balance sheet, of course, and then you have woke COVID lockdowns craziness. Now we’re funding two trillion dollars a night on a monetary base of $7.255 trillion. There is a wall here somewhere, and it’s going to be hit. When it does, we’re going to see this from 2019, except a lot more extreme.
Closer to something like this, and from there, I believe we will head to the endgame in a beeline, and it shouldn’t take many more months from that point. What about housing, and why does it collapse so spectacularly in hyperinflation versus other real assets? I’m saying housing is going to be worthless. I’m saying the price of housing is going to fall spectacularly in terms of gold and silver.
Especially silver for a brief amount of time. You should be able to buy a house or any other real estate for a small pile, maybe even a handful that you could with difficulty hold in your hand, for a house or a building. Why does that happen? Well, I will share with you this slide. This is from page 121 of “The Great Depression: A Diary,” written by Benjamin Roth, who lived in the 1930s through the Great Depression.
He passed away in 1978, and he’s talking about Roosevelt’s inauguration year and his inflationary plans. By inflation, he means the increase in the money supply. He’s using the old definition, the more accurate definition. Down here is my note, my handwriting. I do have handwriting in small letters, but it’s hard for me to read it, so I just use capital letters because even though I have bad handwriting, it’s more legible for myself in capital letters.
Yeah, I just do that for myself. Anyway, let’s read this paragraph. Inflation is a terrible thing, and I hope it will never come to America, he says. Yeah, it penalizes saving and changes the entire outlook of the prudent investor from government bonds, life insurance, to speculative stocks and commodities. Yes, we all know this. This is inflation 101.
The German mark before the war was worth almost 25 cents in American money. When inflation ended, meaning in 1923, he is talking about in Weimar, a dollar would buy about a billion marks. During inflation, this is from an article he read in the Saturday something post on the previous page of the book. It’s on page 120 if you want to look at it.
I couldn’t find that article. I could probably find it if I bought a subscription to that magazine. Anyway, so the highlight here is during inflation, during hyperinflation in Weimar, American speculators went into Germany and bought huge pieces of valuable real estate. He doesn’t specify exactly what for.
Some say as low as $50 in our money. $50 in our money meaning in the dollar is 20.67 cents per ounce of gold in 1923. That’s about 2.4 ounces of gold. The gold-silver ratio in that year was 16 to 1, and so that equals about 39 ounces of silver for a valuable piece of real estate in Germany in 1923. Hunger, starvation, and ruin were the results of German inflation, and no country has it ever proven to be a blessing.
This is July 1st, 1933. He was wary of Roosevelt’s inflationary plans, of which we are still in the same pyramid from back then. My note is why does this happen? Why does real estate fall so spectacularly relative to other goods and services in hyperinflation? The reason I wrote, if most of real estate is debt, right?
What makes real estate valuable? Why do prices keep going up? Because you can borrow and get a mortgage. The more you can borrow, the lower interest rates go, the more housing costs. But the value of that house is in your ability to service that debt because what the bank is really getting is your monthly payment of that mortgage. If the debt is worthless, if the mortgage is worthless because it cannot be paid, then the price of the housing must fall.
But think about this. What backs the dollar? A lot of it is mortgage-backed securities. Those same mortgages back the dollar because the Fed owns about 2.5, 2.4 trillion dollars, I think the number is, in mortgage-backed securities. In hyperinflation, what is happening is the debt that backs the dollar or whatever currency it might be, the debt that backs the currency is itself falling, which is US Treasuries.
Within that, the dollar itself is falling, and the Treasuries fall, the dollar itself falls. When you have a house whose value is inherent in the debt that is paid on the mortgage and the dollar itself falls plus the mortgage itself falls, you have a square, a multiplication effect, an exponential effect. When you square something, you multiply it by itself.
The falling value of the mortgage debt within the falling value of the debt that backs the dollar. So you have everything funneling itself, the purchasing power into gold and silver. That is why houses fall so spectacularly in terms of gold and silver because they are sold, bought, and sold in a currency based on debt. When within that indebtedness, the house itself, its value is based on the debt that you were paying on the mortgage.
So when both of those fall, it’s an exponential effect, and the price of the house falls spectacularly in gold and silver terms, especially in silver terms. When silver has to be used as a currency once again and falls from about 65, 70 to 1, where it is now, is it at 80 to 1, down to around 15 to 1, monetary panic ratio. That’s why you can buy a house at the peak of hyperinflation for about 39 ounces of silver.
I fully expect that will happen again at some point. When it does, that is the bell ringing. Get rid of your silver, buy stuff, and restart the monetary system. This is our big problem in the Russian. If you enjoyed this video, then please consider signing up to be an endgame investor subscriber. The link is in the description below. You can do this for free.
I make a good part of my articles, every one of them free, and occasionally I do put out a free one in full. I did that last week. If you would like more religious lessons in gold and silver government, the last video I did for my Patreon subscribers and the founding members of the Substack, for which you will also get access to my religious playlist in gold and silver and government, the last video we did is why drafting people into the army is completely forbidden by biblical law.
Going into the army to fight a war, no matter what war, has to be voluntary. I prove that from biblical and rabbinic sources. This is Rafi the Endgame Investor wishing everyone a nice house for 13 ounces of silver if we merit to reach that day, which I think we will. Keep stacking, keep calm, and stay shiny.
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