Loading ...That the central banks control the world. The Fed and all the others … and it’s not healthy for you if you’re a country that doesn’t want to belong to the club!
@ipso facto The Answer To The Question
Because of Federal Reserve Act of 1913, the USA lost its 1776 independence, back to Great Britain. The London Bankers were discussing it from 1907 to 1913 before they got Congress to approve it. It was done so the USA could fight foreign wars and the bankers would collect interest on the loans. Note soon after WW I.
silverngold
That would be a dangerous endeavor! 
ipso facto @ 19:49 My simple answer: Nobody wants to get “JFK’d”. That’s what he was doing so he caught the “magic bullet” from 8 directions.
Set a new world ricochet record!
Buygold
Re Swiss
Once Switzerland was a paragon of financial rectitude, it was also unconquerable, it’s banks super secure, impregnable and offered total secrecy , they were also rumoured to be full of Gold, much of it from Jewish clients who had died in WW II, so they were super capitalised.
So it was the place to put yr money, as things turned bad……then the secrecy laws were broken, by a tax hungry US and EU…the EU threatened to never let them join the EU, which the idiot elites were desperate to do, so they ordered the Banks to comply and it has been down hill ever since ….but at a much slower pace than the rest….and all for nothing as the people have always rejected the EU ,so it retains some haven status ….hence it is still favoured in bad times.
This came from Space via my new Starlink kit.
I’m surprised
GGN went up today since they hold oil too. Only one that survived the sell off pretty well and continued to pay dividends every month. You can’t get suddenly rich on it, it stays in a range but I get about 150 a month in dividends while the others will get you nothing but a loss if you don’t take profits out plus for taxes and park it somewhere like GGN better yearly interest than treasuries or CDs.
At least they threw us a bone into the close
Impossible to buy here though. The metals should have done much better today IMHO.
Mr Copper
The Yen for a few years back seemed to mirror gold then stopped. The Swiss franc was moving up so they pegged it to the Euro. They didn’t want it up, it was affectimg exports whatever that was besides some really good chocolate.
@Buygold
I don’t really don’t know about the Swiss frank other than around 1980 when gold was $800, the price in Swiss franks was not up.
Mr. Copper
I think you are spot on. Do you have any idea about the Swiss currency? I remember Sinclair used to talk about it being a safe haven of sorts, but I haven’t paid attention in a long time.
@Buygold re Yen
It looks to me like long term the USD is pegged to the Yen, also the Canadian even the AUD and the NZD. The GBP and the EUR and CHS all go opposite.
The Dollar I believe has been pegged to the Chines Yuan around 7 to $1 for decades (allowed to fluctuate very little) I assume to protect the US companies that off shored there.
The Yen is ripping
lately, even despite the intervention by the U.S. and Japan. The Euro and to a lesser extent the Sterling look like a couple of dead horses. Rightly so after the crap Spain pulled.
Iran denies the talks but the market seems to believe Trump. Iran trying to save face with their citizens? I saw some clickbait that headlined a divide in the IRGC and the population arming up.
It is getting harder to discern truth these days.
Buygold
We have a hard time winning these days! Remember 9 mos or a year ago how good we were doing! Sigh …
I’m grokking on that. Zelensky should just go and retire in one of his mansions, but he’s riding the tiger and can’t get off!
Off to do some real world work …
Ipso
Obviously, I said that tongue-in-cheek, but now it’s turning out to be true. Can’t make this stuff up. Disgusting.
Ipso – Ha!
If the situation was reversed and the metals were up, the shares would be down!
That might be dangerous for the world in Ukraine. Zelenskyy knows if the war ends, he’s a dead man. He might go to extraordinary lengths to stay in power.
It’s Alive!
Bunker Hill Mining Ships First Concentrate to Trail Smelter and Announces Drawdown of Standby Facility
“With the successful commissioning of our new 1,800 ton per day (“tpd”) processing plant, the Bunker Hill team is proud to have begun generating revenue from the sale of concentrate for the first time since the Bunker Hill Mine ceased operations more than 45 years ago,” said Sam Ash, President and Chief Executive Officer of Bunker Hill. “This represents a defining milestone in the Company’s redevelopment and validates the dedication of our team in safely bringing one of America’s most historic mining operations back into production. While we continue to optimize plant performance through commissioning, we remain focused on achieving full commercial production by year-end.”
Wonder how the insiders did?
The Kobeissi Letter
@KobeissiLetter
·
16h
BREAKING: US oil prices crash below $79/barrel after President Trump cancels US strikes on Iran and says a deal is near.
I guess they’re tired of war
Diana Panchenko 🇺🇦
@Panchenko_X
·
Jul 31
Protests in Ukraine!
Crowds block the city center chanting: “Zelensky, come out to the people!”
In 2014 these exact slogans started the revolution that toppled the government.
Is this the beginning?..
Let’s hope so!
Lukas Ekwueme
@ekwufinance
The age of mining is about to begin.
The global economy is shifting away from a just-in-time model toward a bifurcated system.
– Nations are prioritizing supply security over efficiency
– Strategic stockpiles are expanding
– Export controls are rising
The long-running era of globalization, excess capacity, and falling prices is coming to an end.
Under globalization, asset-light business models thrived. Companies offshored production, minimized inventories, and optimized relentlessly for margins.
That model only works when materials and energy are always available.
They are not anymore.
This is why Big Tech is already acting:
– Locking in copper supply directly at the mine level
– Building and controlling power generation
– Securing end-to-end supply chains
– Participating in critical mineral stockpiles
Governments and tech giants hoarding metals and locking in long-term offtake deals will force everyone else to do the same just to avoid being left short.
That turns supply security into a self-reinforcing bidding war over the same finite metals and energy.
In this new world, mining transforms from an old, dirty business everyone avoided into a matter of national security, where access trumps price.
Meanwhile, mining as a share of global equities is at ~1%, a historic low.
Life-changing money will be made in the mining sector
Dollar falling again, oil sports a $78 handle – down $6
rates down 4 bips.
No help. GLD goes negative with SLV
Pretty quiet for a peace deal
thought there would be a much bigger reaction in everything. Maybe markets are a little less believing these days.
Good for a few hundred points on the DOW, couple hundred on the SM.
PM’s are giving us a little, but Bitcoin is down, and the dollar is up a little with rates down a couple bips.
Doesn’t seem like it’s going to be all that fruitful – boring at best.
edit: working our way down the crapper now. Looks like the Nasdaq futures have dropped from the highs, so that’s enough to knock us out of the game even though the DOW is surging over 400 pts. More suck today.
