@rcmb3220 said:
Anyone going to trade their can of tomato soup for a couple of mercury dimes when we get hyperinflation?
heh, highly doubtful. We just had the great toilet paper and Lysol shortage of 2020 and it didn't matter if you had silver or even gold coins. When it comes to a real necessities such as food I doubt precious metals will do a bit good for barter. Good luck!
Right. If people are concerned about HE, they should buy about 2 years worth of everything they need first. Then they can use the rest of their USD to buy the best hard assets, which probably isn’t PM’s.
By my calculations we've "been on warning" for at least the past 107 years. Don't hold your breath, we will ALL be long dead before anything changes. Sure hope those overpriced bunkers are comfortable for the doomsayers.
Don't hold your breath, we will ALL be long dead before anything changes.
Yet the value of each dollar you earn this year will be worth less than those you earned last year. Such change is slow for a reason and you just confirmed why.
In economics, time is the most important commodity other than money itself.
"The leaked documents, known as the FinCEN Files, include more than 2,100 suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network. The agency, known in shorthand as FinCEN, is an intelligence unit at the heart of the global system to fight money laundering."
Likely involves money laundering between my favorite bank, DB, and a highly public figure. Should tank markets and boost PMs.
Boost pms? Maybe if we turn the charts upside down.
PMs (and equities) are currently responding negatively to positive dollar index (DXY) movement. Those that understand the markets understand this inverse gold/dollar relationship. Study harder.
Likely involves money laundering between my favorite bank, DB, and a highly public figure. Should tank markets and boost PMs.
Boost pms? Maybe if we turn the charts upside down.
PMs (and equities) are currently responding negatively to positive dollar index (DXY) movement. Those that understand the markets understand this inverse gold/dollar relationship. Study harder.
Im not the one who made the prediction, Or are you talking to the mirror? Why is the dollar stronger today?
The dollar is victim when it's weak,
and villian when it's strong!
The dollar is neither. However, it is whatever the big boys decide that it's gonna be. It's not even paper backed by nothing anymore.
Imagine, if you will - a situation whereby a very small group of elitists can arrange the purchase of whatever real assets seem to be in their favor, and they do it with nothing more than a keystroke - no contracts, no promises, no assurances, no oversight - nothing.
You can fool all of the people some of the time, and you can fool some of the people all of the time. Which are you?
Q: Are You Printing Money? Bernanke: Not Literally
"Renewed strength in the U.S. dollar is putting some significant pressure on gold prices, but one bank sees the start of a currency war and the precious metal could be the ultimate winner. According to some analysts, the U.S. dollar is seeing some momentum Monday after European Central Bank President Christine Lagarde said that the European economic recovery remains uncertain, incomplete and dependent on containing the virus outbreak."
"Analysts at Commerzbank said that they expect the ECB to continue to talk down the euro as they probably won’t tolerate any further appreciation in the euro. “Thus a currency war has begun between the USD and the EUR that other currencies may well join,” the analysts said. Commerzbank said that Federal Reserve Chair Jerome Powell will have his turn to talk down the U.S. dollar as he testifies before Congress this week."
So, talking down the Euro props up the Dollar. The good thing about jawboning is that it does not outlast reality. Powell set to "counter jawbone" before congress this week. His push for more legislative stimulus should return the dollar to its recent lows and gold to its recent highs. Movement of the jaws is how a currency war is fought.
Likely involves money laundering between my favorite bank, DB, and a highly public figure. Should tank markets and boost PMs.
Boost pms? Maybe if we turn the charts upside down.
PMs (and equities) are currently responding negatively to positive dollar index (DXY) movement. Those that understand the markets understand this inverse gold/dollar relationship. Study harder.
Im not the one who made the prediction, Or are you talking to the mirror? Why is the dollar stronger today?
Likely involves money laundering between my favorite bank, DB, and a highly public figure. Should tank markets and boost PMs.
Boost pms? Maybe if we turn the charts upside down.
PMs (and equities) are currently responding negatively to positive dollar index (DXY) movement. Those that understand the markets understand this inverse gold/dollar relationship. Study harder.
Im not the one who made the prediction, Or are you talking to the mirror? Why is the dollar stronger today?
Monetary policy by the FRB ?
"Dollar strength" is simply the ranking of the dollar against select foreign currencies (the dollar index, symbol DXY). This dollar index only provides a measurement of strength against these other currencies. It is not a measure of how the dollar compares to itself historically. The dollar can be at its weakest value ever (which it is) and still be stronger than these other currencies. It's a pig beauty contest of fiat currencies. Currently the dollar is the prettiest pig.
Recent rise in the dollar index (the term "stronger dollar" is misleading) is a result in the talking down of the Euro by its master. The dollar index is nothing more than a comparison to other currencies. If those governments choose to weaken there currencies, they in effect are strengthening the US dollar. There are trade imbalance advantages to a weak currency and the race to the bottom among the world's currency masters is referred to as a currency war.
Recent market drop is because the equity markets realize that without fiscal support from Washington the FEDs monetary response to current crisis is limited.Consider it a plea for more stimulus that the money master will not ignore. Powell and 'Munchican' are in front of congress at this moment exercising their jaws in an effort to get relief money from congress. PM markets would thrive with more stimulus and are in the short term recoiling at congress's (temporary) failure to provide it.
"It's a sick society when our weapons have more jewelry than our wives!" -- Michael Rivero, commenting on Tomahawk Cruise Missiles containing 15 kilograms of silver each.
@derryb said:
Funny how since 2008 a few here have been warning of the crisis we are now face to face with. As warned, the chickens have come home to roost and precious metals are the protection. Even funnier is how the unicorn diehards still refuse to face the facts. Let them eat cake. lol
I have tried to tell people about PM's since 2002,nobody listened! My wife and I have everything and we live in idaho to boot! For an American it doesn't get any better than that! Have a lot to be thankful for, thank you Jesus!
Pretty sure the last train-wreck started somewhere at or just under $20T. So much for fiscal responsibility and getting rid of the deficit. lol Not sure what the future will hold, it could be better or worse....but all I know is I'm glad I hold more gold than Toilet $$$ Paper. Semper Fi to my fellow American brothers and sisters.
P.S. beware of them bitcoins, pretty certain it will end badly.
". , , a major bank in Australia has introduced a new feature that links purchases to a customer’s carbon footprint and warns them when they are going over the average. The bank gives the customer the option to “pay a fee” to offset their carbon footprint."
@MsMorrisine said:
so far so good. portfolio down, inflation up, PMs falling, even the glitter metal! Might not be a bonus this year! edge of seat for that one!
Glad you found your way out of the gutter. Stack on! RGDS!!
Comments
Right. If people are concerned about HE, they should buy about 2 years worth of everything they need first. Then they can use the rest of their USD to buy the best hard assets, which probably isn’t PM’s.
FinCen gives advance warning
Likely involves money laundering between my favorite bank, DB, and a highly public figure. Should tank markets and boost PMs.
Give Me Liberty or Give Me Debt
advance warning of what?
read their warning. "illegal" leak of Suspicious Activity Reports (SARs).
Give Me Liberty or Give Me Debt
sounds more like a threat
By my calculations we've "been on warning" for at least the past 107 years. Don't hold your breath, we will ALL be long dead before anything changes. Sure hope those overpriced bunkers are comfortable for the doomsayers.
The whole worlds off its rocker, buy Gold™.
Yet the value of each dollar you earn this year will be worth less than those you earned last year. Such change is slow for a reason and you just confirmed why.
In economics, time is the most important commodity other than money itself.
Give Me Liberty or Give Me Debt
The secret Suspicious Activity Report leaks begin
"The leaked documents, known as the FinCEN Files, include more than 2,100 suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network. The agency, known in shorthand as FinCEN, is an intelligence unit at the heart of the global system to fight money laundering."
Give Me Liberty or Give Me Debt
Boost pms? Maybe if we turn the charts upside down.
Knowledge is the enemy of fear
This may be a Wiley E. Coyote over the cliff moment.
I knew it would happen.
PMs (and equities) are currently responding negatively to positive dollar index (DXY) movement. Those that understand the markets understand this inverse gold/dollar relationship. Study harder.
Will he let equities continue to get beat down?
Give Me Liberty or Give Me Debt
Im not the one who made the prediction, Or are you talking to the mirror? Why is the dollar stronger today?
Knowledge is the enemy of fear
The dollar is victim when it's weak,
and villian when it's strong!
Either that, or prices measured in dollars change according to local and temporal changes in supply and demand.
How people think about it explains a lot about their mindset.
Liberty: Parent of Science & Industry
The dollar is victim when it's weak,
and villian when it's strong!
The dollar is neither. However, it is whatever the big boys decide that it's gonna be. It's not even paper backed by nothing anymore.
Imagine, if you will - a situation whereby a very small group of elitists can arrange the purchase of whatever real assets seem to be in their favor, and they do it with nothing more than a keystroke - no contracts, no promises, no assurances, no oversight - nothing.
You can fool all of the people some of the time, and you can fool some of the people all of the time. Which are you?
I knew it would happen.
Currency war to make gold the ultimate winner
"Renewed strength in the U.S. dollar is putting some significant pressure on gold prices, but one bank sees the start of a currency war and the precious metal could be the ultimate winner. According to some analysts, the U.S. dollar is seeing some momentum Monday after European Central Bank President Christine Lagarde said that the European economic recovery remains uncertain, incomplete and dependent on containing the virus outbreak."
"Analysts at Commerzbank said that they expect the ECB to continue to talk down the euro as they probably won’t tolerate any further appreciation in the euro. “Thus a currency war has begun between the USD and the EUR that other currencies may well join,” the analysts said. Commerzbank said that Federal Reserve Chair Jerome Powell will have his turn to talk down the U.S. dollar as he testifies before Congress this week."
So, talking down the Euro props up the Dollar. The good thing about jawboning is that it does not outlast reality. Powell set to "counter jawbone" before congress this week. His push for more legislative stimulus should return the dollar to its recent lows and gold to its recent highs. Movement of the jaws is how a currency war is fought.
Give Me Liberty or Give Me Debt
Monetary policy by the FRB ?
predicting the future
>
supposing
definite conclusion
So, predicting the future and supposing something leads to a definite conclusion. Not something to listen to.
"Dollar strength" is simply the ranking of the dollar against select foreign currencies (the dollar index, symbol DXY). This dollar index only provides a measurement of strength against these other currencies. It is not a measure of how the dollar compares to itself historically. The dollar can be at its weakest value ever (which it is) and still be stronger than these other currencies. It's a pig beauty contest of fiat currencies. Currently the dollar is the prettiest pig.
Recent rise in the dollar index (the term "stronger dollar" is misleading) is a result in the talking down of the Euro by its master. The dollar index is nothing more than a comparison to other currencies. If those governments choose to weaken there currencies, they in effect are strengthening the US dollar. There are trade imbalance advantages to a weak currency and the race to the bottom among the world's currency masters is referred to as a currency war.
Recent market drop is because the equity markets realize that without fiscal support from Washington the FEDs monetary response to current crisis is limited. Consider it a plea for more stimulus that the money master will not ignore. Powell and 'Munchican' are in front of congress at this moment exercising their jaws in an effort to get relief money from congress. PM markets would thrive with more stimulus and are in the short term recoiling at congress's (temporary) failure to provide it.
Give Me Liberty or Give Me Debt
Pretty much how modern economics functions.
The words alone of FED jawboners, even when taken out of context, moves markets.
Give Me Liberty or Give Me Debt
Mnuchin up on the hill right now, talking business ppp grants/loans.
Interesting charts:
what happend in 1971?
(Hint: Nixon created fiat money with removal of the gold standard)
Give Me Liberty or Give Me Debt
Interesting charts indeed.
I knew it would happen.
In 1971 my dad brought home from work, just to show us, a portable 4-function electronic calculator.
It was a marvel.
Liberty: Parent of Science & Industry
Do they know something that the shareholders do not know?
ETF GLD has seen six Chief Financial Officers leave in six years
CFO's certify financial statements. Enough said.
Give Me Liberty or Give Me Debt
And..............................................It's Gone!
I knew it would happen.
"It's a sick society when our weapons have more jewelry than our wives!" -- Michael Rivero, commenting on Tomahawk Cruise Missiles containing 15 kilograms of silver each.
Give Me Liberty or Give Me Debt
I tried giving my wife silver jewelry...
Uhhh.. how shall I say this..
Liberty: Parent of Science & Industry
Yeah, If I tried to give the misses gutter metal for jewelry I suspect there would be no more Mrs. Blitzdude.
The whole worlds off its rocker, buy Gold™.
Shinanagins at the GLD ETF?
Why are their CFOs continually resigning when it comes time to sign the annual SEC statements? Maybe their real gold is only paper gold.
Give Me Liberty or Give Me Debt
I have tried to tell people about PM's since 2002,nobody listened! My wife and I have everything and we live in idaho to boot! For an American it doesn't get any better than that! Have a lot to be thankful for, thank you Jesus!
Latest Economic “Rescue” Plan Like Throwing a Drowning Man an Anchor
Give Me Liberty or Give Me Debt
As the saying goes............"Go big or go home!" It will be hard to out-print the last administration but the Goobs certainly will try.
Personally i'd sleep better holding the cash of the past 6,000+ years rather than some made up unicorn computer digits. Gqqd LUCK!!!
The whole worlds off its rocker, buy Gold™.
Pretty sure the last train-wreck started somewhere at or just under $20T. So much for fiscal responsibility and getting rid of the deficit. lol Not sure what the future will hold, it could be better or worse....but all I know is I'm glad I hold more gold than Toilet $$$ Paper. Semper Fi to my fellow American brothers and sisters.
P.S. beware of them bitcoins, pretty certain it will end badly.
The whole worlds off its rocker, buy Gold™.
Gonna end up bad for dollars as well. It all boils down to when.
At least them bitcoin values move in both directions.
Give Me Liberty or Give Me Debt
A taste of the banking future, especially with CBDCs: banks now monitoring customers' carbon footprint.
". , , a major bank in Australia has introduced a new feature that links purchases to a customer’s carbon footprint and warns them when they are going over the average. The bank gives the customer the option to “pay a fee” to offset their carbon footprint."
Give Me Liberty or Give Me Debt
Where is MsMorrisine?
Knowledge is the enemy of fear
The bank gives the customer the option to “pay a fee” to offset their carbon footprint."
I'd like to know if that bank president has a private jet.
I knew it would happen.
right here
Excellent!!! Hope all is well.
Knowledge is the enemy of fear
so far so good. portfolio down, inflation up, PMs falling, even the glitter metal! Might not be a bonus this year! edge of seat for that one!
Glad you found your way out of the gutter. Stack on! RGDS!!
The whole worlds off its rocker, buy Gold™.