Loading ...Don’t add too much. Just add a token amount if you are already holding your limit. This will help with the psychology.
Ya Cardero was good.
So was NG. $1 to $20.
Those were the days.
Cheers
—–Coincidently – just saw this when logged into Fidelity —–
FREE MONEY FOR ALL
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RE: M. Armstrong – “the Incredible Dollar Shortage”
I haven’t heard any financial pundit talking about this, so there is a good chance I am nuts.
Somebody please correct me if I’m wrong.
The dollar is borrowed into existence. Most come with interest attached. The dollars to pay the interest are not created at the same time the money is created.
Therefore the accumulated need for dollars just to pay the interest on the TRILLONS of dollars created since 1980 has to be off-the-charts enormous. The Fractional Reserve Fiat Money banking scheme relies on an ever exponentially expanding money supply. No wonder they are giving out billions in free money and forgiving debt left & right.
Just like a PONZI scheme the bankers have run out of rubes – no one can borrow any more than they already have and there are not enough dollars to pay the interest on the money already created.
The saturation point has been reached and game is coming to an end. Time for a new game – their Digital SDR Money for all will save us!! <sarc>
Contrived or not, the Virus Crisis provides the perfect scapegoat so that the rubes do not suspect the real issue.
Thanks for the MUX thoughts!
I will for hold on to MUX and may even add, although I would really have to hold my nose to do that. But it lets me swear at the quote even more when I check it. LOL.
Captain, remember Cardero Resources? Years ago, that was a good call.
Cheers
MG
Buygold
Gates most certainly ranks down there with the most evil who have ever existed.
Gold And Dollars Got Higher In Value During The Depression
Things got a lot cheaper, a scramble for cash. Gold was $19 but the black market a lot higher, then Gov’t raised gold 79% to $34 but out lawed private ownership. Later on trading at $140/oz in black markets, foreigners redeemed dollars for gold at $34 when it was worth $140.
We had to demonstrate and complain to “their/our” allegedly “gov’t” to stop giving it away. In 1971. So after that instead of losing our gold we lost our high living standards by off shoring our industries.
This is all in history books. “They” grabby foreign countries don’t want to lose. “They” did “product and people dumping” on our shores. Kept us alive on life support, until the final crash in 2008 and kept us alive on life support again. We were supposed to crash in 2015 but Trump came on the scene along with the Fed and jawboned another 4 years.
This whole system is so screwed up, pretty much anything can happen during a transition.
R640
scum arte trying tro paint reversals on a;ll PM’s both metals and the shares today….SM not looking clever so PM’s have to be lousy as well..
This last hour will be a big tell.
Thanks gents
Never really even gave Gates much of a thought. So then, he’ll be the savior who comes up with the vaccine solution?
Sometimes I don’t think these people even have human DNA.
I see were getting the usual round number treatment.
As near as I can tell, nothing has changed.
@Richie, I noticed Dollars and Gold Going Up Together A Long Time Ago.
I posted about it. Saying both are looking important, on charts and good to have both in a deflation. Maybe that’s why gold is climbing somewhat stable, not going crazy up.
5 years dollar higher https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
5 years Gold higher https://finviz.com/futures_charts.ashx?t=METALS&p=m1
5 years energy lower https://finviz.com/futures_charts.ashx?t=ENERGY&p=m1
5 years Meats lower https://finviz.com/futures_charts.ashx?t=MEATS&p=m1
5 years Softs Lower https://finviz.com/futures_charts.ashx?t=SOFTS&p=m1
There were some bounces higher after Trump got going but not lasting.
Buygold–Mr Copper–don’t shoot the messenger…u’ll have to ask him
I like his idea of the dollar and gold rising together…dunno if he’s right though
Note: If Gold Stays At $1600, And Stocks Bonds And Real Estate Crash By Half, $1600 Would Be A Double
And regarding all those people with huge savings accounts? If they saw their money losing value fast? Hyperinflation? And wanted to dump the dopey/dollars and buy things? Inflation hedges?
Would they buy stocks bonds and real estate? To protect themselves? But haven’t they DONE that already?? Since 1945? Many noticed inflation. Pretty much all investments were betting on Dollars losing value or perceived high demand later for the item.
Possible explanation…
I see what’s happening and I posted this earlier=today stocks roll over & end the rally off the bottom—so the scum are going all outto reverse the tech breakout…this blitz should end and reverse before 4 pm…JMO DYOD
@ipso facto re Sounds like a prescription for hyperinflation
Ya know? That is a logical conclusion. And that would mean that nobody will accept US paper dollars at the fast food places like delis and Pizza houses. And then like in past known hyperinflation (post 1913 or 1933 info) we use buttons or cartridge’s, at the Pizza place or silver or gold coins etc at the car dealer or real estate office.
A different way to look at it, is after every massive inflation comes a deflation. Note the post 1913 (ass holes) deflation of the 1930s. Bottom line. Since 1913 the original US Dollar lost what? Ninety five percent of its original value? Can we describe the past 100 plus years as a very slow motion stealth invisible, hyperinflation? If so we should see a deflation. And if you look on Finviz charting filter on M monthly it goes back 5 years, and most commodities prices are lower than 5 years ago.
And if I’m right about reversals, the dollar losing 95% could reverse and gain 95% in value in theory.
This does NOT mean Gold and Silver will get cheaper. Gold and Silver have been held down oppressed, disrespected and artificially cheap in buying power. One Gold Eagle for one months rent on a one bedroom apartment? Makes Gold too cheap. The One Ounce should cover a years rent to exaggerate and make a point.
So the reversal with Gold and Silver prices higher would suggest much higher purchasing power or much higher prices. And the resulting high value of under ground untapped Gold and Silver reserve of miners, their “real estate” and shares reversal of low values should get more valuable.
But, caution, disclaimer, I’m just a skilled labor precision sheet metal mechanic, so what do I know?
Maddog
“the scum may yet be overwhelmed.”
Looking forward to their downfall …
I wouldn’t mind precious metals being priced at their true value!
ipso facto
Dead right re hyperinflation, …Their only only game for decades has been printing in one form or another and game the mkts to create the mirage all is well.
Once aftrer throwing money at a crisis, when recovery came they could raise rates/tighten to drain the money out…now they have allowed debts to reavch such insane levels they cannot raise rates, so the money stays in the system…but if the economy stays in the mire, the SM will niot earn the dividends to justify buying stocks…..so with treasuries on the floor rates wise, PM’s and especially the miners are one place u can earn dividends.
and prices are still rock bottom….the scum may yet be overwhelmed.
Buygold @ 13:29
Well that’s the truth.
He’s now chief agent for Da Rothchilds and company which is why he owns the fake news / official (status quo, bureaucrats, etc.) narratives.
All these people are bought off agents.
They let it go and are using a very aggressive psy-op aimed at turning the entire planet into the shit-hole police state they control — just like China.
So stay in your homes fools.
Have a good day.
Cheers
@Richie re Dollar Shortage Info. Really? How About Common Sense Shortage, Being Practical Shortage.
All these guru financial writers are constantly making short stories into long drawn out long stories or like little books. Not even once have I heard any one of them, mention globalization, and or the reverse of globalization. They are describing thousands of little symptoms, or consequences, or unintended consequences, results of, or reactions of, failure and reversal, of the agenda of 1913.
The future of everything is simple and easy to predict if everybody realizes there is a reversal of everything from the past 100 year experiment is in process. I’ve heard some mention of de-globalization. Same thing.
The “emerging markets”??? They did not just emerge. They were created by the global PTB. Obviously they have to reverse. And un-emerge. Survival on their own going forward. Sink or swim even on all the past “emerging jobs” that were created, especially useless expensive wealth absorbing, non productive jobs, related to reversing the climate.
The whole global system is like new fangled construction methods of the Trade Center complex, NOT built to 1910 standards. They all LOOKED like normal buildings. But had more open floor plans. So they were hollow shells depending on the floor boards to hold the sides upright. So the buildings were vulnerable to fire when the floor boards melted. The weakest link. Floor boards.
In this fake artificial fake money, no standards, financial system, in my opinion, the weakest link, are unskilled non union, private sector tax payer laborers and small tax payer businesses. Too many businesses and occupations are tax absorbers. Greed and stupidity, of all prior “leaders” whoever they are, ignored the importance of the lowest paid or barely profitable tax paying people and businesses forced to compete with $3 a day mathematically only, cheaper foreign countries.
Globalization was global socialism, and THAT is what’s failing. The net was they ran out of taxpayer money to spend.
buygold,
would someone who unleashed windows on us hesitate to unleash a mere virus?
R640
Am I understanding that Armstrong believes Bill Gates unleashed the virus?
He doesn’t come out and say it, but is that what he’s implying?
WTF??
Mr.Copper @ 12:22
Sounds like a prescription for hyperinflation to me.
Hyperinflation is coming at some point anyways … just as it has for every paper currency ever invented.
When the faith in the currency is gone so is the currency.
The Incredible Dollar Shortage=I have warned that during the REAL crisis, gold will rise WITH the dollar.
The demand for dollars is running off the charts in the world of real paper money. The rising fear of Europe canceling their currency and now Boris Johnson in the hospital under intensive care have many concerned that BREXIT could be overturned. Meanwhile, the International Monetary Fund (IMF) is talking about launching a new program to help address the global shortage of dollars! Despite the cries of the goldbugs that the dollar is evil and has to crash. I have warned that during the REAL crisis, gold will rise WITH the dollar. The mere fact that the IMF is now talking about providing a backup to the Federal Reserve’s campaign to help the central banks but creating a REPO market for them to get dollars, the shortage of dollars is absolutely incredible.
IMF is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed REPO program which enables foreign central banks to temporarily exchange U.S. debt for dollars. This is showing that we have a major MONETARY CRISIS on the horizon precisely as Socrates has been projecting.
The United States is also the IMF’s largest shareholder. This IMF initiative is trying to back up the Fed which is now trying to hold up the entire world economy as the panic for dollars is becoming insatiable. The IMF is holding virtual meetings of members when more than 90 countries have already asked for its assistance in shielding their economies from the coronavirus and global recession. This insane shutting down the world economy for a virus with such a low mortality rate is threatening the Emerging Markets which has vast outstanding debts denominated in dollars.
The IMF sees this as a short-term liquidity line that is exactly targeted to countries with strong fundamentals, strong macroeconomic fundamentals, that may be experiencing short-term liquidity constraints. But this is not a short-term crisis. Socrates has been projecting this Monetary Crisis extending into 2021-2022 for years.
This exaggerated response to the coronavirus has pushed the world economy into this worldwide rush into dollars by unleashing havoc on a global economy that is heavily dependent on the dollar as its linchpin that makes it all function. This world recession is far worse than the global financial crisis of 2007-2009. That was far more localized. I warned at the WEC that this would be a combination of the 2007-2009 Financial Crisis and the 1998 Liquidity Crisis which collapsed Long-Term Capital Management.
The Dow is bouncing as part of the dollar rally. But there is still important resistance at the 28000 level and failing to get above that on a closing basis warns that this is not over yet. The Emerging-market borrowers who tend to rely on the IMF for aid are at tremendous at risk and this is adding to the panic for dollars. The Emerging Markets issued mountains of debt in U.S. dollars not so much for the low interest rates, but because to sell this debt to pension funds who were not willing to take on foreign currency risk. Thus, it has been the Emerging Market countries who took that risk and never hedged it.
A significantly stronger dollar also hurts the U.S. by tightening financial conditions and making American exports more expensive on world markets which has been part of the trade war. The IMF stands ready now to also deploy its $1 trillion lending capacity to fight this dollar crisis instigated by the insanity of shutting down the world economy for a virus.
The Fed has taken what informally existed as a shadow REPO market via swaps and introduce a series of formal programs aimed at supporting the international supply of dollars trying desperately to stave off a Sovereign Debt Default which the coronavirus has just pulled the trigger. I seriously doubt that Bill Gates and his co-conspirators understood the ramification of what they were doing. They too looked at the world with a myopic perspective and only saw their issue and nothing else.
This also places the IMF in the direct line of fire of a collapse in the event that the Emerging Market defaults become their own contagion. The IMF is providing an unsecured line of credit without conditions that place it at risk as these countries cannot repay the loan because Bill Gates has also seriously disrupted the US economy which they have depended on as the market to sell various produced and agriculture. The IMF has already asked the G20 (Group of 20) leaders to support creating a sizable quantity of reserve assets called SDRs, or special drawing rights, as it did in the 2009 global financial crisis.
Welcome to the Monetary Crisis Cycle.
Midnight Gardener @ 11:24
Yes the MUX experience has been challenging for most. I recently bought in again and am holding most (trade 1/3) even though I think da boyz in NY are trying to get it delisted. It’s got about 20% short (squeezable) and with the best PM company manager in the business at the helm, frustrating as it may remain until the big picture clears up, it’s a hold here.
It’s a buy if you don’t own any, although the shares could vary 20% or more. (and it wouldn’t mean a thing regarding long term prospects)
I hope that helps.
You own select miners because of managers….and Rob is a stallion.
Cheers
@ipso facto re 10:29 I Think TPTB’s Cat Is Out Of The Bag, Finally.
Its now obvious, that the “Gov’t” does NOT need any tax revenue to maintain public services. They can now proceed to weed out all the unneeded artificial waste of resources, fake jobs. Save on materials too. Maybe even get rid of Congressmen. 🙂 Consumers also can save money.
The Gov’t can then just give a decent free salary of $75,000 each, tax free, to people that lose the artificial jobs, like the EPA, DEC, Solar panels, electric cars, check engine light mechanics, unneeded electronics parts, unneeded bridges to nowhere etc etc.
This is kind of like, a person that can’t pay and stops paying, his mortgage for 6 years. Gets evicted. Then rents a house FROM a real estate investor, makes a few payments, and the real estate guy wants to sell the house, to the tenant, he has connections, and gets the tenant a mortgage to buy the house.
While the Tennant was not paying his prior mortgage for 6 years, he was buying Silver coins and guns and ammo. Also he got the local Ford Dealer to get him a low interest loan on a new Ford van at $650/mo, almost paid off now.
Now this guy is NOT going to pay down the next house either. True story.
You Guys Remember “The Big Short” Movie? Hedge Fund Manager Michael Burry?
His hedge fund shorted the mortgage Bonds, maybe a little too soon and he was looking bad. But he insisted he was right and held on, and turned out right, and made tons of money.
parts
The investor, who also has an M.D., says the economic costs of the pandemic response are too high.
Michael Burry, the doctor-turned-investor who famously bet against mortgage securities before the 2008 financial crisis, has taken to Twitter with a controversial message: lockdowns intended to contain the coronavirus pandemic are worse than the disease itself.
Government-directed shutdowns in the U.S., which led to millions of job losses and may trigger one of the country’s deepest-ever economic contractions, aren’t necessary to contain the epidemic and have disproportionately hurt low-income families and minorities, Burry argued in a series of tweets over the past two weeks. He also said some controversial treatments for Covid-19, such as the malaria drug hydroxycloroquine, should be made more widely available.