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donny diamond's avatar

GOLD PRICE IS RIDICULOUS

At $2,920, all the gold officially held by Central Banks is $3 trillion

Just one US stock – Microsoft – has a market cap of $3 trillion.

How can the value of a SINGLE AMERICAN COMPANY equal the total central bank gold holdings?

It tells us, how overvalued stocks are; and that the gold price is ridiculously low…

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Robert R's avatar

Buy more Silver

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IGW's avatar

Yep, but not yet. Looks like g & s are going to take a hit, maybe then another - a couple of major falls - to shake out weak hands. Then, liftoff!

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Robert R's avatar

That sounds great to me IGW. Gosh I hope it does! But to be honest with you, I don't care what the price action is. This stuff is ON SALE brother! JP Morgan owns most if not all the paper derivative contracts to keep pressure on Gold and Silver. That is what banking charters do aka Cartels, they keep the price action under pressure and artificially low to hide the real cause and effects of the natural laws of supply and demand.

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donny diamond's avatar

No matter what metric you’re looking at, US inflation is moving in the wrong direction again.

Whether it’s a house or a carton of eggs, price growth is once again intensifying across a broad range of indicators.

Much of that has to do with the same supply and demand factors and labor-market pressures that led to the initial inflation surge in the pandemic, while planned tariffs from President Donald Trump are heightening concerns that prices will rise even more.

What a mess.

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donny diamond's avatar

Just think about this for a moment.

Pending home sales were not this low at any point during the Great Recession.

And pending home sales were not this low when everybody was being locked down during the pandemic.

Meanwhile, jobless claims spiked even more than expected last week…

First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market.

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donny diamond's avatar

BLACKROCK JUST SOLD AN EXTRA $500M WORTH OF CRYPTO. THEY ARE SELLING EVERYTHING

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donny diamond's avatar

Let me start with the housing market.

On Thursday, we learned that pending home sales in the United States have dropped to the lowest level ever measured…

High mortgage rates and elevated home prices combined to crush home sales in January.

Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001. Sales were down 5.2% from January 2024. These sales are an indicator of future closings.

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PlebsUnite's avatar

2017 WEF with Swchabb to see what the plans have been for brain implants. 7.45mins in for that specific bit

https://m.youtube.com/watch?v=ffvu6Mr1SVc

They will be able to ‘insert’ thoughts into your brain that you believe are your own. They already do this through propaganda and cognitive dissonance but it’s getting too costly to maintain the status quo due to how easy information can reach the public. Through the brain chips they can maintain/progress their paradigm cheaper and more efficiently and also progress their fantasy of living forever.

Yes (some) people (losers) will give up their mind for supposed inflated intelligence but it will be based on biased misinformation through their biased trained AI. They will all say and have the same ‘facts’. No different to the masses now, just a more controlled and less volatile herd of 🐑

Side effects are also unknown and they need the first group to help them test it out, when they test experimental medicine that is too risky they usually do it to those who have been told they don’t have long to live i.e death row inmates, terminal patients.

AI is a tool just like any other tool, use it to enhance your capabilities but not to extent of giving up your humanity. Use it to learn, build, research and produce faster. Something I’m trying to figure out myself..

If when using the AI you feel like it’s another human you are ‘talking’ to then look up ELIZA or the ELIZA Effect. It’s unfortunately another example of cognitive dissonance.

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Jonathan Proctor's avatar

Let the system crash! The Fiat currency system is designed to fail after 50 years. I dont want higher rates I want an implosion of this debt based system.

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Tanner's avatar

Bad things happen to good people.

I’ve known people that really got the short end of the stick “so to speak”.

THE LORD GIVETH AND TAKETH AWAY!!

It is sad but that’s how it is.🙏

Never lose your faith!

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Greg Pails's avatar

Chat GPT "Restoring the buying power of the U.S. dollar" involves a combination of economic policies, fiscal discipline, and market confidence. Here are some key strategies:

1. Reduce Inflation-The Fed can tighten monetary policy by raising interest rates and reducing the money supply through quantitative tightening. Government Spending Control: Reducing excessive government spending helps limit inflationary pressures. Supply Chain Efficiency: Enhancing domestic production and reducing supply chain bottlenecks can stabilize prices.

2. Strengthen the Economy-Encourage Domestic Production: Investing in manufacturing and energy independence reduces reliance on imports. Tax and Regulatory Reform: Lowering burdensome regulations and taxes can promote economic growth and job creation.

Encourage Innovation and Productivity: Investing in education, technology, and infrastructure boosts long-term economic strength.

3. Reduce the National Debt Balanced Budget Policies: Reducing deficits through responsible spending and efficient tax collection prevents excessive money printing. Entitlement Reform: Adjusting long-term obligations like Social Security and Medicare ensures fiscal sustainability.

Increase Exports: Boosting exports strengthens the trade balance and supports the dollar.

4. Strengthen Global Demand for the Dollar-Maintain U.S. Dollar Reserve Status: Encouraging global trade to be conducted in dollars increases demand. Geopolitical Stability: A stable and predictable foreign policy reassures global investors. Strengthen Trade Agreements: Fair trade deals and strong economic partnerships enhance the dollar’s standing.

5. Reduce Dependence on Foreign Debt and Imports-Encourage Domestic Investment: Attracting capital inflows through business-friendly policies strengthens the dollar.

Diversify Energy Sources: Reducing dependence on foreign energy lowers trade deficits.

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Brook’s Golden State Of Mind's avatar

One of your best videos. Enjoyed it!

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Gary Kennedy's avatar

Thanks Greg

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donny diamond's avatar

HOMES ON THE MARKET HIT A NEW HIGH??? MAINLY BECAUSE ALL THE CROOKS IN DC ARE PUTTING UP HOMES THEY CAN NOT LONGER AFFORD

Egon von Greyerz, Founder of VON GREYERZ: Trump would not be surprised if there is no gold in Fort Knox.

There should be 4,600 tons there, at a value of $430 billion.

The U.S. allegedly holds 8,100 tons of gold in Fort Knox, with most remaining reserves stored at the New York Fed.

TRUMP: “Elon and I are going to Fort Knox to see if there is any gold there. If there are only 27 tons, we would be happy. Would not be surprised if there is nothing here – they stole this too!”

So, is Trump preparing the world that there is no gold in Fort Knox?

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Itzo's avatar

Greg, what AI tool you use to prompt your responses about the economy ? Grok. ChatGPT. or else…?

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Gregory Mannarino's avatar

ChatGPT

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Itzo's avatar

I heard Grok is Elon Musk’s most advanced tool that surpasses ChatGPT, give it a try :-)

Same prompts and see the magic happen :))

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Itzo's avatar

4.0 or the free version?

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donny diamond's avatar

ITS ALL OUT THERE - FROM ZERO HEDGE , KING WORLD NEWS AND MORE ALL ALTERNATIVE NEWS MEDIA ----KING WORLD NEWS POSTS GREGS ARTICLE FROM YESTERDAY

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