CITI Bank had to cover SLV shorts last Friday... 2-Million ounces in 1-day. Meanwhile - Silver is criminally cheap - you get too much for your worthless paper. When the coiled-spring unwinds - 175-years of price suppression - it will be the end of central banks. The Horror.
I don’t think the dollar will last that far out. Every month all areas of debt of out lives are accelerating. The illusion of inflation, crypto, lies, misinformation, manipulation is rampant. This is why, in my opinion, gold is not at $4200 and silver at $500. I think 2030 will be the collapse. It’s what the WEF wants.
Indeed, but 2030 seems too far out. The system is decaying at an accelerating pace, and the people are waking up at a similar pace. Basically, the chutes aren’t opening and we’re getting closer to the ground at terminal velocity.
A man no longer with us, Aaron Russo called the dollar at .03 cents before his death. No surprise for me. And he actually went to the IRS and put Cohen on the spot asking him to show a law making residents of our country responsible for the federal income tax. The dude kicked Aaron out and basically refused to prove it’s a law. Well, it’s not. Ask ex-IRS agent Joe Bannister in San Jose, Calif. He no longer has to pay federal income tax due to winning his case in court. Nuff said. We are tax cattle for the richest idiots who control EVERYTHING.
From 1913 to 1972 cumulative inflation rose 309%. Once the gold standard was completely ended by Nixon and the dollar became pure fiat, cumulative inflation has gone up more than 2,700%. What is a crypto currency valued in such fiat dollars really worth? Same as fiat paper.
I agree, but over the years, I’ve come to understand Greg’s point that cryptos are a temporary lifeboat for cash preservation, even though I hate participating in this corrupt and phony system. It too will go away, or become our own walled garden…
Wellll...since the penny went away because it "costs" more to mint it than it is worth...what about the true cost of one bitcoin.. it takes a tremendous amount of electric energy to "mine" just one bitcoin.
"On average, mining 1 BTC consumes around 6,400,000 kilowatt-hours (kWh) of electricity. If attempted by a solo miner, this task could take nearly 12 years to finish, using approximately 44,444 kWh of power each month (calculations based on data in our methodology)."
Now it seems all the usual suspects are on board with this new "money"...Blackrock, the Middle East, etc ...
And notice all the power
outages, airport system glitches, flickering lights worldwide...our power grids can barely keep up with normal life...now this drain...so, really, what is the cost to human life for one bitcoin? FIAT is FIAT...DITCH IT ALL!! All, and I mean ALL of this is for the planned demise of the human race...quit chasing rainbows...none of this FIAT money and the associated systems have any substance at all.
Hmmm. I wonder what the economic implications of giving money directly to your citizens is compared to say....Giving money to Banks to loan out at interest...
Gold was price at $19.00 from 1830's thru 1918. From 1920 to 1934 @ $20.00. Point being when gold crossed the $2000.00 mark your dollar is worth less than a penny.
We’re beyond the L/R paradigm here. Trump 45 printed more cash under his direction than ANY administration in history. Trump loves the record books, even when it’s to his own detriment. Either is a psychopath or narcissist, perhaps both.
Spain starting to limit cash withdrawals and if you take out too much eithout proper notification there are large Fines. This is happening worldwide. All being synced with the EU cashless system being rolled out in October. Trump wants a similar bill.on his desk by September
The UK is along the same lines with £ sterling. I just heard the government offered its care workers a 0.49p an hour pay rise. Care workers are amongst the lowest paid across our economy, it's a complete joke. How on earth do they expect people to live on the pittance offering they give to them.
Massive head fake today. Gold and silver on sale especially the miners. Stocks are a bull trap
Challenging day to hold the miners. Great day to add more!
Silver down like 1% and SIL down 6%…what a joke
Silver stackers are a tough breed, made to withstand these momentary aberrations.
CITI Bank had to cover SLV shorts last Friday... 2-Million ounces in 1-day. Meanwhile - Silver is criminally cheap - you get too much for your worthless paper. When the coiled-spring unwinds - 175-years of price suppression - it will be the end of central banks. The Horror.
Couldn’t happen to a more deserving bunch.
Buy that man a 🍺
... the MMRI just jumped a little.
https://x.com/mothersilverape/status/1922016259668955391
Bix is usually on it. Ag leased derivatives gives a whole new meaning to "hold yer shorts!" This will be F'n epic. COMEX shuts - poof unobtainium.
Bear trap....Unless we inflate our way out of it.
Party like it's 1929!
I don’t think the dollar will last that far out. Every month all areas of debt of out lives are accelerating. The illusion of inflation, crypto, lies, misinformation, manipulation is rampant. This is why, in my opinion, gold is not at $4200 and silver at $500. I think 2030 will be the collapse. It’s what the WEF wants.
Indeed, but 2030 seems too far out. The system is decaying at an accelerating pace, and the people are waking up at a similar pace. Basically, the chutes aren’t opening and we’re getting closer to the ground at terminal velocity.
This is 100% factual. The US$ becomes more worthless by the day.
I agree, more worthless by the day.
A man no longer with us, Aaron Russo called the dollar at .03 cents before his death. No surprise for me. And he actually went to the IRS and put Cohen on the spot asking him to show a law making residents of our country responsible for the federal income tax. The dude kicked Aaron out and basically refused to prove it’s a law. Well, it’s not. Ask ex-IRS agent Joe Bannister in San Jose, Calif. He no longer has to pay federal income tax due to winning his case in court. Nuff said. We are tax cattle for the richest idiots who control EVERYTHING.
We don't need to see any charts to show us what we've all been economically experiencing . Value left in the dollar is already dead.
3.3 value left looks like signaling to me
From 1913 to 1972 cumulative inflation rose 309%. Once the gold standard was completely ended by Nixon and the dollar became pure fiat, cumulative inflation has gone up more than 2,700%. What is a crypto currency valued in such fiat dollars really worth? Same as fiat paper.
I agree, but over the years, I’ve come to understand Greg’s point that cryptos are a temporary lifeboat for cash preservation, even though I hate participating in this corrupt and phony system. It too will go away, or become our own walled garden…
Wellll...since the penny went away because it "costs" more to mint it than it is worth...what about the true cost of one bitcoin.. it takes a tremendous amount of electric energy to "mine" just one bitcoin.
"On average, mining 1 BTC consumes around 6,400,000 kilowatt-hours (kWh) of electricity. If attempted by a solo miner, this task could take nearly 12 years to finish, using approximately 44,444 kWh of power each month (calculations based on data in our methodology)."
Now it seems all the usual suspects are on board with this new "money"...Blackrock, the Middle East, etc ...
And notice all the power
outages, airport system glitches, flickering lights worldwide...our power grids can barely keep up with normal life...now this drain...so, really, what is the cost to human life for one bitcoin? FIAT is FIAT...DITCH IT ALL!! All, and I mean ALL of this is for the planned demise of the human race...quit chasing rainbows...none of this FIAT money and the associated systems have any substance at all.
.
Nice of you not to blame this all on President "Anti-Christ" Duppy.
Trump did initiate the biggest helicopter drop of cash in history under his admin… IN HISTORY!
Hmmm. I wonder what the economic implications of giving money directly to your citizens is compared to say....Giving money to Banks to loan out at interest...
Look on the bright side, the slope has hit an asymptote.
Gold was price at $19.00 from 1830's thru 1918. From 1920 to 1934 @ $20.00. Point being when gold crossed the $2000.00 mark your dollar is worth less than a penny.
Democrats controlled Congress and Senate most of those years also.
We’re beyond the L/R paradigm here. Trump 45 printed more cash under his direction than ANY administration in history. Trump loves the record books, even when it’s to his own detriment. Either is a psychopath or narcissist, perhaps both.
But of course this is all Trumps fault.
Time for a global currency reset.
I wonder if Trump is working on that. Maybe throw in a Restored Republic for good measure.
Everybody better hope!
No, he’s too busy working on the 10 Kingdom Plan and getting worked by Suzy Wiles and sucking the AIPAC phallus.
Spain starting to limit cash withdrawals and if you take out too much eithout proper notification there are large Fines. This is happening worldwide. All being synced with the EU cashless system being rolled out in October. Trump wants a similar bill.on his desk by September
Why do you think that central banks are acquiring gold?
The UK is along the same lines with £ sterling. I just heard the government offered its care workers a 0.49p an hour pay rise. Care workers are amongst the lowest paid across our economy, it's a complete joke. How on earth do they expect people to live on the pittance offering they give to them.