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Yearly Archives: 2016

VISA Long: The Cash Elimination Theme Is Accelerating!

As the central banks lose control and begin to implement NIRP they need to ban cash because NIRP is ineffective if folks take their money out of the banks and stuff it in their mattress.  In addition,  if cash is eliminated greedy over indebted governments can extract more from the citizenry via electronic tracking and taxing.  Essentially it eliminates the black market.  The powers that be have floated this idea and I have no doubt it will be implemented.

Visa has agreed to purchase Visa Europe at what looks like an expensive price but if you assume that the ECB eliminates cash in the next 2 years the purchase is a steal.  Do the math and you will be stunned at the growth rate if the ECB applies the cashless policy.  Currently 60-80% of all transactions in Europe are cash based.  This is essentially a play on government tyranny and central bank policy failure.  Every Large Cap Growth manager must own this stock and the stock is a great offset to shorts for Hedge Funds in the coming bear market.  I love this stock and this theme!

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2016 Is Already The Theater Of The Absurd

Happy New Year!  Well its only day 3 of 2016 and so far its is absolutely off the charts absurd from a news flow standpoint.  Let us recap the weekend’s events shall we?

1) Trump says emphatically that Obama and Hillary created ISIS.

2) An armed militia of 150 people has decided to occupy Federal Land and claim that they are planning on staying there for years.   Word is that the FBI are mobilizing in force.

3) Saudi Arabia beheads Shiite Cleric Nimr al-Nimr.  The rabble in Iran firebombs the Saudi Embassy.  The Saudis respond by severing diplomatic ties to Iran and tell angry officials from the White House that they don’t give a rats ass that they are angry. Clearly a stable situation.

4) Obama has decided its a good idea to write executive orders banning guns and will hold a town hall meeting on CNN to discuss.  I am so glad he has his priorities straight.

5) Texas Governor Abbott has issued a warning to Obama about gun control: Molon Labe “Come and Take It!”

6) As I write this China/Asia equity markets are imploding and Sunday night S&P Futures are down 17 handles.

This year I have anointed as THE THEATER OF THE ABSURD Year.  As it is written so it shall be.  Good luck this year.  We are all going to need it.

 

Wikipedia Definition: The Theatre of the Absurd (Frenchthéâtre de l’absurde [teɑtʁ(ə) də lapsyʁd]) is a designation for particular plays of absurdist fiction written by a number of primarily European playwrights in the late 1950s, as well as one for the style of theatre which has evolved from their work. Their work expressed what happens when human existence has no meaning or purpose and therefore all communication breaks down, in fact alerting their audiences to pursue the opposite. Logical construction and argument gives way to irrational and illogical speech and to its ultimate conclusion, silence.[1]

 

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