Glad to have you back, I followed your trip and sorta did the same in 1964 when I got discharged from USAF out of Kelly AFB in San Antonio winding up in Coral Gables, Fl. at my Grandparents home. Spent six weeks before heading north to N.Y. to Greenwood lake where Floyd Patterson was working out for his next title fight. Just a memory!
I have to come through the back door since YouTube blocked me from the regular comments section with out telling me what I did wrong. Really no free speech. Any way I wish you the best in your new endeavor in Bradenton, FL. been there loved it.
Nothing changed the markets are still being rigged, as they keep pushing down the Bond market interest. AU & AG asleep. But something big is coming, thats what all the talking points are saying. Your thoughts on Monday. God Bless. Ed K
Morning Greg, thats great to hear you and the fam made it safe. Soo exciting. Happy belated birthday to. Enjoy the rest of the weekend and we'll back to business tomorrow morning. Thanks for todays stream we all know you have a lot going on.
(reuters) India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to calm domestic prices, which climbed to multi-year highs in recent weeks as erratic weather threatens production.
Congrats on the move and happy birthday. Always a big transition. But there is one thing that I have not heard you talking about, or if you did, I missed it. What about the BRICS: Brazil, Russia, India, China and South Africa joining together to start a Gold Back currency? The meeting/launch date is August 22nd. Will that have any effect at all on the US dollar?
The issues that I’ve touched on above, namely implementation, the gold holdings, etc, are going to prove very problematic, but to focus only on these is to miss a very crucial point.
We have to consider perceptions.
For me, at the present moment in time, it’s all about perceptions.
So much in our current system is based on an illusion.
So maybe, all that is required is for the BRICS Bloc to make one single declaration.
I’m reminded of the children’s fairytale “the Emperor has no clothes”.
King Dollar has no clothes. It’s naked. The Dollar has very little by way of real value.
You might not believe me but simply type “FRED charts Purchasing Power” into a search engine and look at the FRED chart called “Purchasing Power of the Consumer Dollar in the US City Average”. This chart will show you what a great job the FED have done … at destroying the Purchasing Power of the Dollar. It shows the decline in Purchasing Power of the Dollar since 1913 which is when the FED came into being.
According to the chart, the real value of the Dollar is near to zero. So, the Dollar has not only suffered a very significant loss in value over that time period - it’s almost worthless.
Looking at this chart, the present parlous state the Dollar is visible for all to see.
So, the BRICS Alliance need only announce that they’re going to back their currency with Gold and that will be enough.
The BRICS currency just needs to be perceived as being viable and of value.
And the Dollar needs to be perceived as lacking in any real value and therefore no longer viable.
That is perhaps enough to alert the ordinary people of the world that the Dollar isn’t that great. And a big Dollar dump will occur with all the attendant consequences. So this means that the De-Dollarisation rtend that has been taking places for a while will not only continue but accelerate. And all the Dollars that reside outside will make there way back to the States causing Hyperinflation.
Anyway, the BRICS Bloc is set to become the child in the town who shouts out, “the Emperor has no clothes!”. The Dollar and other currencies will be seen as being naked.
So maybe we can say that the BRICS bloc Declaration is a Psy Op.
In summary, while I have deep reservations about the BRICS Bloc Alliance and also the currency, it is a big deal.
We need to make an assessment of Short term, medium Term and Long term
Short term
In the short term, I think that the BRICS Gold Backed trading currency will be successful … by which I mean I think that it will succeed in its objective of Dethroning the Dollar. The reign of King Dolar is coming to an end.
I think that there will likely be some kind of announcement at the BRICS bloc Summit in August, that will be considered in the future as being a pivotal event in history much like the Nixon Shock of 1971. Although it won’t be a shock for some of us who have been aware of what’s been going on.
It will be a significant landmark in the ending of Dollar dominance. It will be the beginning of the End.
Medium term
Medium term, the BRICS currency is going to face its own problems due to the internal dynamics involved in putting together a collection of disparate nations.
Long term
In the long term, it will fail. Nothing lasts for ever. So maybe ten. Maybe fifteen, maybe twenty years. I can’t see it lasting much beyond that.
Change is the order of the universe.
The world is constantly changing.
The Geopolitical landscape has changed, is changing and will always change.
Moreover, history teaches us that Empires rise and fall.
To give just three examples … The Roman Empire, the Mongolian Empire and the British Empire – none of these are operating now,
And the American Empire is no exception.
It’s not only in decline, it’s coming to an end.
The Dollar as we know it today is doomed.
Another way to say this is that it’s moribund. The time of it’s death is hard to ascertain, but it’s death might be a whole lot sooner than anyone expects. Maybe by the end of the year it will be dead. Who knows.
Good morning Greg, Happy Birthday - Wishing you and your family a Fantastic Day!!! :)
Greg, a belated Happy Birthday to you!
HARRY BIRTHDAY GREG!!!
Glad to have you back, I followed your trip and sorta did the same in 1964 when I got discharged from USAF out of Kelly AFB in San Antonio winding up in Coral Gables, Fl. at my Grandparents home. Spent six weeks before heading north to N.Y. to Greenwood lake where Floyd Patterson was working out for his next title fight. Just a memory!
I have to come through the back door since YouTube blocked me from the regular comments section with out telling me what I did wrong. Really no free speech. Any way I wish you the best in your new endeavor in Bradenton, FL. been there loved it.
Nothing changed the markets are still being rigged, as they keep pushing down the Bond market interest. AU & AG asleep. But something big is coming, thats what all the talking points are saying. Your thoughts on Monday. God Bless. Ed K
Morning Greg, thats great to hear you and the fam made it safe. Soo exciting. Happy belated birthday to. Enjoy the rest of the weekend and we'll back to business tomorrow morning. Thanks for todays stream we all know you have a lot going on.
Ok Fla new sheriff 10.8 sec Greg in town
Traitor to LV...LOL ... I would go to if I was younger and in good health. Hope you have a basement. Good luck there
ESCAPE FROM LAS VEGAS ,WHAT A GRATE BIRTHDAY PRESENT
Happy belated birthday! Wishing you and your family all the best on relocating! I hope Coco is doing well.
Boy the house prices are out of control there, like everything else there. Hope you get a boat,instead of a race car ..be safe
Enjoy Greg! Have been to Florida. Otherwise, what a mess, everything.
So glad you're back and at your new location after what sounded like a fantastic adventure
(reuters) India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to calm domestic prices, which climbed to multi-year highs in recent weeks as erratic weather threatens production.
rice future
https://finviz.com/futures_charts.ashx?t=ZR&p=w
Congrats on the move and happy birthday. Always a big transition. But there is one thing that I have not heard you talking about, or if you did, I missed it. What about the BRICS: Brazil, Russia, India, China and South Africa joining together to start a Gold Back currency? The meeting/launch date is August 22nd. Will that have any effect at all on the US dollar?
Macro View with Louis-Vincent Gave
https://youtu.be/r17q1ghfdHU?t=75
Happy Birthday Greg! We missed you.
Concerning the EFT COMT; the yield listed is 36.25%. Did they have a spin off and what is this based on. The yields vary greatly year to year
The issues that I’ve touched on above, namely implementation, the gold holdings, etc, are going to prove very problematic, but to focus only on these is to miss a very crucial point.
We have to consider perceptions.
For me, at the present moment in time, it’s all about perceptions.
So much in our current system is based on an illusion.
So maybe, all that is required is for the BRICS Bloc to make one single declaration.
I’m reminded of the children’s fairytale “the Emperor has no clothes”.
King Dollar has no clothes. It’s naked. The Dollar has very little by way of real value.
You might not believe me but simply type “FRED charts Purchasing Power” into a search engine and look at the FRED chart called “Purchasing Power of the Consumer Dollar in the US City Average”. This chart will show you what a great job the FED have done … at destroying the Purchasing Power of the Dollar. It shows the decline in Purchasing Power of the Dollar since 1913 which is when the FED came into being.
According to the chart, the real value of the Dollar is near to zero. So, the Dollar has not only suffered a very significant loss in value over that time period - it’s almost worthless.
Looking at this chart, the present parlous state the Dollar is visible for all to see.
So, the BRICS Alliance need only announce that they’re going to back their currency with Gold and that will be enough.
The BRICS currency just needs to be perceived as being viable and of value.
And the Dollar needs to be perceived as lacking in any real value and therefore no longer viable.
That is perhaps enough to alert the ordinary people of the world that the Dollar isn’t that great. And a big Dollar dump will occur with all the attendant consequences. So this means that the De-Dollarisation rtend that has been taking places for a while will not only continue but accelerate. And all the Dollars that reside outside will make there way back to the States causing Hyperinflation.
Anyway, the BRICS Bloc is set to become the child in the town who shouts out, “the Emperor has no clothes!”. The Dollar and other currencies will be seen as being naked.
So maybe we can say that the BRICS bloc Declaration is a Psy Op.
In summary, while I have deep reservations about the BRICS Bloc Alliance and also the currency, it is a big deal.
We need to make an assessment of Short term, medium Term and Long term
Short term
In the short term, I think that the BRICS Gold Backed trading currency will be successful … by which I mean I think that it will succeed in its objective of Dethroning the Dollar. The reign of King Dolar is coming to an end.
I think that there will likely be some kind of announcement at the BRICS bloc Summit in August, that will be considered in the future as being a pivotal event in history much like the Nixon Shock of 1971. Although it won’t be a shock for some of us who have been aware of what’s been going on.
It will be a significant landmark in the ending of Dollar dominance. It will be the beginning of the End.
Medium term
Medium term, the BRICS currency is going to face its own problems due to the internal dynamics involved in putting together a collection of disparate nations.
Long term
In the long term, it will fail. Nothing lasts for ever. So maybe ten. Maybe fifteen, maybe twenty years. I can’t see it lasting much beyond that.
Change is the order of the universe.
The world is constantly changing.
The Geopolitical landscape has changed, is changing and will always change.
Moreover, history teaches us that Empires rise and fall.
To give just three examples … The Roman Empire, the Mongolian Empire and the British Empire – none of these are operating now,
And the American Empire is no exception.
It’s not only in decline, it’s coming to an end.
The Dollar as we know it today is doomed.
Another way to say this is that it’s moribund. The time of it’s death is hard to ascertain, but it’s death might be a whole lot sooner than anyone expects. Maybe by the end of the year it will be dead. Who knows.
Wise up and rise up