Loading ...Which, as much as anything, backs up the unreality of crypto. What is meaningful about 35% of world GDP being wrapped up in the Chief Money Borrower into Existence of four countries? The Fed has $4.2tn of Treasuries and $2.2tn of Mortgage Backed Securities as assets (and a few hundred bn of liquidity providing funny loans) and liabilities of $3.3tn in deposits by banks, $2.3tn in Federal Reserve Notes (cash, literally) and a few rats ‘n mice in funny loans.
Thus they try to control general interest rates (treasuries) and mortgage rates (MBS’s) by buying or selling them. If it didn’t exist, interest rates would be purely according to the market.
And then there’s the official total US debt at $37tn, increasing by $2tn – $3tn per year, plus all the unfunded liabilities of $100tn+, plus all the debt form the Eurozone, Japan, China, plus, plus, plus.
So compared to all that the issue of a short squeeze in silver and gold at these current prices and physical amounts is insignificant. Which is good, because it would be annoying if, as usually happens after a short squeeze, the PMs tumbled 20% before regrouping and continuing their march upwards out of the depths of suppression and confusion to the surface of reality.
Everything is meaningless, a mist that vanishes in the air. So, eat, drink and be merry.