Scam 2nd Quarter Ends With Healthy Gains for Stocks; Big Game Commences into 3rd

There's a growing body of evidence that suggests complete control by the deep state with all members of congress, the Supreme Court, and even President Trump compromised and forced to do the bidding of the Federal Reserve, neocon-led intelligence faction that has - very likely - been in control of the government since the assassination of President Kennedy back in November of 1963.

Stocks made impressive gains over the quarter. Those with either the foresight or inside information to have sold near the end of the first quarter (late March) and bought back in after the Trump Tariff Trauma™ on April 2nd, handily beat these second quarter numbers:

Dow: +4.98%
NASDAQ: +17.75%
S&P 500: +10.57%
NYSE Composite: +5.33%

It's not as though there wasn't advance warning or plausible deniability for those Senators and House members who made a killing. The president was talking up the tariffs well prior to the big reveal the day after April Fool's Day.

Ironically, April 2nd was the greater fool's day, the tariff announcement a complete clown show at the White House Rose Garden, with extremely punishing numbers presented by the administration, designed to "level the playing field" with U.S. trading partners. As it turns out, it was more fiction than fact, because, just a week later, President Trump announced a 90-day hold-off on imposition of the tariffs, ostensibly giving the nations that export to the United States time to negotiate more reasonable deals.

Those 90 days are nearly up. Whatever tariffs have been negotiated should begin being implemented early next week. However, like clockwork, just as the second quarter begins, this morning has Trump reconsidering the tariffs again, opting for "mini-deals" as opposed to big, beautiful ones. Clown show, part deux, mon ami.

This twist in the narrative stems from an article in the Financial Times (behind a paywall, of course), the slashing left arm of the banking cartel.

The tariff turbulence is only one of the various signals being sent out of Washington, D.C. suggesting that most of what gets passed off as news or truth is really little more than further pushing the desired narrative.

The first inkling of things gone amiss was likely the Trump meme coins - $TRUMP and $MELANIA - that popped up on the crypto radar just before the inauguration. The vapid public snatched them up at ridiculous prices as Trump took the oath, then watched them evaporate, like so many crypto scams before them. Those who bought in the 20s and 30s are pure rubes. $TRUMP traded as high as $44. Today it's eight bucks. Suckers.

While it's entirely possible that the president made a small fortune on this particular scam, there were no screams about the emoluments clause from the usual suspects. Elizabeth Warren and Chuck Schumer said nothing. They were probably memoed in on the deal.

Other signs that what you see on TV and read on the internet include the recent bombing of Iran's nuclear facilities, over which the president has taken victory laps over their complete destruction while various other reports - including from the intelligence community - have made claims that the Iranians moved their stockpiles of enriched Uranium before the strikes and that the facilities were only superficially damaged. Other reports suggest that Israel suffered tremendous blows from Iran's missile assaults, their "Iron Dome" failing badly against the Persian hypersonics. Little mention is made of Israel's damage in the mainstream.

Finally, there's the issue of the U.S. Treasury, the GENIUS Act, and the stablecoin Tether, which all combines to facilitate a deep fake in the world's largest market. Treasury Secretary Scott Bessent recently (June 3) bought back $10 billion worth of bonds from various note-holders of nearly $23 billion offered.

The idea is that by buying these issues back prior to maturity, the Treasury would save money on interest, which is true, and all well and good, but it also amounts to a somewhat backhanded way of monetizing the $37 trillion debt pile the U.S. has built up over the years. Enter congress and the GENIUS act, which purports to offer "guardrails" for stablecoins like Tether, which now boasts owning over $100 billion worth of treasuries.

Stablecoins get their name because they are valued at the same price as the item they represent. In Tether's case, that is the U.S. dollar, so one Tether ($UST) equals one dollar ($USD) and is backed by dollars, or, as they purport, U.S. Treasuries. Tether now holds more U.S. Treasuries than Germany or Spain and congress has just passed legislation that will allow them even more access, claiming that the GENIUS Act will make provide the U.S. Treasury market with more liquidity, via stablecoins.

In effect, the worthless paper issued by the U.S. Treasury will be increasingly bought by a shell company (with just 13 employees) and turned into tokens. It's bizarre, and a strong sign that the U.S. hegemonic treasury complex is being ravaged by de-dollarization by BRICS and countries in the Global South who no longer wish to do business with the United States or at least conduct trade in U.S. dollars.

Add in the failure to release the Epstein files, which have been, according to AG Pam Bondi, "on her desk", for months, the quiet about auditing the gold in Fort Knox, the Trump-Musk feud, all of Europe (except Spain) happily agreeing to spend 5% of their budgets on defense, and there should be ample suspicion over the reality being presented to the general public by an overbearing federal government.

Some may disagree, saying that stocks are up, so there's been no screwing of the public. In response, the deep state just nods, because they could care less if the "little people" make money in stocks, real estate, business or just about anything other than gold or silver, because, at the end of the day, the U.S. government is a tax and spend and spend and spend skimming operation. The more money you make, the more money they take.

It's as simple as that, so, play along if you like, but the end result is likely to be a completely gutted financial system, led by a corrupt congress and Wall Street boosters, operating in the shadows to the benefit of an elite uber-class of billionaires (and, even deeper, trillionaires).

The third quarter starts today. Let the games begin.

At the Close, Monday, June 30, 2025:
Dow: 44,094.77, +275.50 (+0.63%)
NASDAQ: 20,369.73, +96.28 (+0.47%)
S&P 500: 6,204.95, +31.88 (+0.52%)
NYSE Composite: 20,429.55, +91.14 (+0.45%)