>>20037248 (lb)

When you bring up Muh ReverseRepo like that, kinda tips yer hand that you don't unnerstand the tools of the Fed and wt they do.

ReverseRepo shrinkage has Ebberything to do with Money Market Funds buyin' up all the short dated paper and squeezin' the banks out of collateral to use in the "Frens & Family" traders lending pool for ex-employees. Primary Dealers getting cut out of that pool did more to crush the first leg of spec leverage in commodities. Go compare what hoppened to commods when the ReverseRepo crossed the $2T mark the first time. All that collateral gone from The Street. No more tradin'fer someone. It continues, as the worst of inflation has been driven by the financialization of raw goods by The Street.

Money Supply has been collapsing for months in ht e destruction of that credit and its a matter of time before it trickles its way down. The BitCoin trade to the upside isn't a "fear" trade, it's a short squeeze. Lots of interesting signals, like the XOM and CVX oil & gas expansion plans announced just this AM. They don't do that unless they know exactly wut the cost of the money needed ackschewally is.

So don't harsh my mellow on the Good News bus.