Holy $2.4 Trillion Repo Volume Batman! End Game Calls Proliferate! | Rafi Farber

The storm clouds are here. The skies are already black. We’re just waiting for the rain to start to drip. Holy repo, Batman! Holy Sherlock Holmes! Holy Venezuela, you’re right! Holy rainbows! Hey guys, Raf here from The Endgame Investor and the picture is starting to get clearer as to the succession of monetary events that will lead to the final printing round of the Federal Reserve that will slingshot gold and silver and constitute the endgame of the monetary system. I’m not the only one saying this. We’ve got Daniel Oliver here saying it. The US is back on our gold standard in 1980 when the gold price hit $650,000 and that number today is around $30,000.

So that’s not a stable price. That’s not equilibrium price. In my mind, the equilibrium price today is around $9,000 and $10,000 an ounce and it’ll happen very suddenly. That’s the endgame here. You’ve got Alistair McLeod here saying it. What we now face is the endgame, if you like, the end of that whole period of distortion. The endgame is not going to be a gradual process. It is going to be sudden. The gradual process is what leads up to the endgame. The endgame itself is going to be sudden. It looks like first we are going to see a Keynesian recession, a bust, a classic credit bust that we’re already seeing signs of in the diamond market, in the employment market, in the labor market really, in the Dollar Tree low end retail market, in Bitcoin.

It’s all coming together quickly now. And once we have that in place, then we have the reverse repos running out and then we have a Repocalypse. So I think we first we have a Keynesian style recession and then we have a monetary clog in the plumbing. And then we have this slingshot in gold and silver. First, they will fall precipitously along with everybody, everything else, but a lot less than everything else. And then we have a vertical move to the endgame, which is exactly what Daniel Oliver talks about in that clip. The world’s going to say we don’t want to put that piece of paper anymore.

And that’s when you get a reset, a sudden reevaluation goal that the market is going to do the way it did in the late 70s. First of all, what do we got here? We have reverse repos down to two hundred and ninety one billion dollars, breaking three hundred billion dollars again. And it looks like we have until the end of October for this runs out. If you look at the SIFMA numbers for the issuance of bills, remember, money moves from reverse repos to Treasury bills. I think the issuance for Treasury bills is like over two hundred billion dollars this month and next month it will be similar.

So meaning this month, September will be similar. So we probably have until the end of October until these finally run out. And when they do, there will be no new money entering the system. We will be down to the reserves that the bank system has it now. And look at this holy repo, Batman. Repos went up to two point four trillion on the September 3rd. I was expecting a spike, but not a three hundred ninety two billion dollar spike from the day before it was two trillion two point zero one one trillion two trillion eleven billion on August 30th and then two point four trillion almost four hundred billion dollar jump there in one day.

And we know that the amount of bank reserves is falling as quantitative tightening continues. Where are we on the ratio of reserves to repos? We’re looking for 83 percent here for the problem in the monetary plumbing and eighty point eighty three point four seven nine percent on September 18th, 2019. That was their apocalypse. And we are now at sixty six point eight percent in about five months. We’re going to be at eighty three percent and we’re going to have our apocalypse. This will be while the Keynesian style recession is already in full swing. And how do we know that? We know it from U.S.

job openings falling to the lowest level since twenty twenty one job openings are down and at the same time planned U.S. layoffs surged in August. Firms announced seventy five thousand ninety one layoffs last month, probably triple the number in July and the largest month month increase in a year. Once the unemployment rate bottoms, it heads up during a recession. It happened in 1991. It happened in 2001. It happened in 2008 once they bottomed over here and have the the unemployment rate bottomed over here in April 2023. We’re already heading up. All we need is the final confirmation of a Keynesian recession and then we will have the monetary earthquake in the dungeons of the monetary system in the repos.

The repo market will crash. We will have our apocalypse and then we’ll have the final slingshot in the money supply and the inflation, the monetary inflation of the system. As the crisis hits, I expect the nominal prices for gold and silver to head down. I expect the actual prices for physical gold and silver to stay stable as premiums rise in a panic. And then once the new Fed money filters into the system, which shouldn’t take long, I believe we will see that slingshot that Daniel Oliver is referring to in the sudden endgame of the dollar system.

We have months to go, not much more than that. And in these final months, you’re going to want a play by play report of what is going on. I put out an article three times a week, at least on The Endgame Investor on Substack. Link in the description below. Please sign up there. Support what I do. Support this channel and get ready for the endgame because we don’t have a long time left. The storm clouds are here. The skies are already black. We’re just waiting for the rain to start to drip. [tr:trw].

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