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It's all about the dollar. The dollar makes everything happen.
Did you see what just happened?
Dollar:
https://www.marketwatch.com/investing/index/dxy?mod=home-page
Silver:
https://www.bullionvault.com/silver-price-chart.do
Market:
https://www.marketwatch.com/investing/future/ym00
The dollar moves all the markets. Who controls the dollar?
Quite a bit of SLV dumped into the market yesterday too.
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
It’s so laughable now that they slam gold and silver at the exact same time gee, what a coincidence
Pack10,
I took advantage of this drop, picked up 200 AGQ at 24.71....I think anything under $25 for AGQ is good.....
Thanks, I'm keeping a close eye out on a number of stocks. SLV and AGQ are dancing around this range.
don't see any real upside??
I'm putting in a limit order
Pack10,
Prices come down again, not too late it seems.
It’s called jibberish ….
$SLV
Plenty of time yet.
https://www.bullionvault.com/silver-price-chart.do
You should see silver to 25 dollars.
https://investorshub.advfn.com/ProShares-Ultra-Silver-AGQ-15722
I think you see AGQ get to over 30.
Well I missed out on this latest run. Thought sub 20 was coming. Next time, LOL
I'm buying in at this point.
Same here. Time to load up IMO
Whether you look at SLV or spot, the charts move the exact same way.
https://ih.advfn.com/stock-market/AMEX/ishares-silver-SLV/chart
https://www.bullionvault.com/silver-price-chart.do
That is because the owners use SLV to control the price of silver. So you simply look at the highs and lows on either chart. We are definitely closer to the bottom than the top. I'm buying in at this point.
As far as inflation. This is the place I will look for honest inflation reporting:
https://www.shadowstats.com/alternate_data/inflation-charts
Inflation is going down. We aren't as low as they would like, but we are getting there.
As far as demand for silver moving the market.......Not a chance. There is no way that silver demand moves the market. There are endless examples, but one of the recent examples of the "Silver squeeze" that happened not long ago. The demand for physical was higher then than ever and with the click of a mouse the owners SMASHED the price of silver to whatever they wanted it to.
It doesn't matter if the demand for physical is sky high or totally unwanted, the owners control the price of silver using SLV. if there is higher demand for physical and the price starts to move higher, they dump more SLV into the market to control the price. Or if there is no demand for physical they reign in the SLV creation and allow the price to self regulate.
The price of the metals, gold silver and others too, are all controlled.
Demand doesn't matter. Contracts do.
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
81,064 SLV volume yesterday X 5000 ounces per contract = 405,320,000 ounces of silver used yesterday to control the price of silver.
https://www.bullionvault.com/silver-price-chart.do
That is why there was a 60 cent SMASH in the silver price yesterday.
Almost 9 BILLION dollars worth of SLV digits to SMASH the price.
The metal markets are completely controlled. Demand for physical does not matter when they can dump Billions of dollars worth of SLV into the market in a day to suppress the price of silver.
Let me give you a comparison.
https://finance.yahoo.com/news/ev-demand-could-major-effect-140000881.html
"Overall, the automotive sector uses 55 million ounces of silver annually"
55,000,000 X 20 per ounce = 1.1 billion dollars.
Even if you use this:
"And by 2025, that amount is anticipated to increase to 90 million ounces"
90,000,000 X 20 per ounce = 1.8 billion dollars.
That is a yearly number.
And just YESTERDAY they dumped 9 BILLION dollars into the market to suppress the price of silver.
Demand for physical doesn't matter.
The Algos that they use to control the market does. Dollar strength matters. Contracts matter. Profits matter. We don't matter.
I believe you are quoting spot silver not SLV. Take another look. The 52 week low on SLV is 18.38, high 23.94.
So we're about 10% from the low.
I do not believe we'll get any form of a rate reduction until mid summer. Inflation is still out there and running strong as I see prices.
Sure, sum things have went down but food remains high. Eating out, services, food are all higher.
If we look back supply and demand was pushing silver higher. Many were convinced metal backed currency was coming. The big driver, IMO, was the EV push.
Many articles on the subject talked about the amount of silver in an EV. Up to a kilo. The talk was of sortges, just to drive the prices higher.
Today, EV's have run there course. Demand is down supply is pretty much back to normal.
So where does the pps settle in?
Remember that last years drop was due to interest rate increases and the dollar strengthening.
I am not so sure that the price of silver follows suit.
But then again, it all depends on what the settle price was for the contract creation 1 year ago. ;)
Even with the dollar strengthening last year March, the price of SLV only got down to 20. But it rebounded to 26 rather quickly by May.
Aside from March and Oct of last year, we are currently at the bottom. And the reason for March and Oct of last year was due to interest rate increases or the Fed hinting at interest rate increases. All fear and market reactions derived from the strength of the dollar.
I don't see this going much lower from here, certainly not lower than 20.
https://www.bullionvault.com/silver-price-chart.do
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Correct. Teens are coming!
Buy the physical!
Coming down some more....
Hasn't been this low but a couple times in last 12 months....
Pack10,
Not sure how much lower it can go but I continued to nibble on AGQ on Friday.
I don't think silver price can fall more than $1 from here, but if it does I'll ready for it.
Excellent time to be paying very close attention. This is the price range one can make $$$
19.50 may be a good time to load up.
For the phyical sliver lovers. You can now buy a kilo silver bar at .99 over spot
Pack10,
I nibble on AGQ around 24.5.....I love to see things go lower....be very surprise if silver spot goes to $21 or lower but I would take advantage of it if it did.
I don't know about all of you but I think SLV could be headed to 18.50. Just look at the charts.
A year ago 03 of 23, the pps was in that range. Higher dollar, lower SLV.
Just say'n.
PS Selling silver eagles at 3.99 over spot. This from a legit company, if you will!!!
System overload, Red. To much to absorb. I would agree with some of your take on this system of ours but not all.
If not the bankers, them who? Money makes the world continue to exist. Borrowing keeps things moving along
Trump in the white house says he can lower the debt through oil.
America still makes some things. We need to make more.
Who do or where do you get all this information. Steve Moore / Austin Goolsby?
Anyway, how low will silver go!!!!
Monetary system part 4
What happened to our country?
America used to be an amazing place. Everything was made in America. America was the leader in innovation. America was the leader in everything. All major manufacturing was from America. America was proud and rich. America was the richest nation in the history of the world. There was over 100 years in America's history where there was NO inflation. The dollar was backed by gold. 20 dollars per ounce. You could go to the bank and exchange a 20 dollar bill for an ounce of gold. From the 1700's to 1913. All the biggest buildings were in America. All the best innovation. We were the leaders in everything.
America was owned by Americans. All the land was owned by Americans. If you owned the land it was yours. No property taxes, no income tax. You were free. You were not a 14th amendment citizen subject to the jurisdiction of the federal govt. As a matter of fact, there was NO federal govt. America was a republic. The states were like individual countries. All the individual states had their own laws and Govt. There was no Federal govt. The states leaders would gather from time to time and talk about how things were going in the states. The capital was in Philadelphia. There was no FEDERAL power. The states all had their own rights. The states had the power.
The act of 1871 changed that. They created a federal govt. out of the district of columbia (Which is not a part of the US) And at that point the federal govt took control of our country. The states became subject to the jurisdiction of the federal government and so did the 14th amendment citizens.
Abraham Lincoln knew what was happening:
"I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe."-
Abraham Lincoln
The civil was was not about slavery, it was about the country losing states rights and being taken over by a federal govt run by bankers.
The federal reserve was created in secrecy in 1913. The American people had no idea what happened. The bankers had been trying multiple times in the past to get their private banking system into America. As a matter a fact the fed is the 3rd private bank attempt in America. Andrew Jackson killed the bank.:
https://www.dailykos.com/stories/2006/12/7/278792/-
These bankers are parasites. They are relentless. And they destroyed our country.
Now since the debt based ponzi scheme started in 1913 let me give you some ideas of what has happened to our great country.
In 1912 the Titanic sank. JP Morgan was supposed to be on that trip but called in sick. All the opposition towards the creation of the federal reserve was on that ship. After that ship sank in 1912 along with all the opposition toward the creation of the fed the fed was created in 1913.
In 1914, what happened? WW1. There is no way that WW1 could have happened or have been funded without the Fed. Impossible.
In 1933 our country went bankrupt. FDR abolished the gold standard. Remember at that time you could take a 20 dollar bill and go to the bank and get an ounce of gold for it. Because our economic system was a debt based interest bearing ponzi scheme they had to end the gold standard. 20 dollar convertibility.
FDR then did a gold confiscation. The American public was told to turn in their gold to save the nation.
So we had to turn in our gold and they gave us 20 dollars per ounce. Remember all this happened because you can't have a sound currency backing a ponzi scheme. We had to continue to create more and more dollars to create the interest money to pay the bond holders. (Which at the time were bankers and elites)
Now after they stole all the Americans gold they revalued gold to 35 dollars per ounce. The revalued the gold higher AFTER they stole all our gold. They did this because we created so many more dollars we needed to adjust the price of gold accordingly. So the bankers just decided to adjust the price of gold. That is the first example of the bankers controlling the price of gold. The just waved their wand and made the price of gold 35 per ounce. Of course after they stole all the Americans gold and gave them 20 for it.
So in 1933 the US went bankrupt to the bankers. That is the time when the US govt. collateralized all the countries land. Prior to that time there was no property tax. But then suddenly, the land in America wasn't ours anymore. You had to pay tax to rent the land. All the land in America became federalized. Even back then they were creating debt. Massive debt. The new deal! Growth and expansion of the federal govt. Starting in 1913 the ponzi scheme DEMANDED growth. And expansion of the govt was mandatory.
https://en.wikipedia.org/wiki/New_Deal
Once you understand the monetary system this all makes sense. You don't know history unless you know monetary history. Follow the money.
So it only took 20 years from 1913 to 1933 for the private bankers to destroy and bankrupt our nation.:
https://www.federalreservehistory.org/essays/emergency-banking-act-of-1933
1933 was the year the US CODE was enacted.:
https://www.loc.gov/item/uscode1934-002015002a/
The US code gave the bankers even more control of the United states.
1939 WW2 As you learn this stuff you learn that all these wars are bankers wars. They all begin with a false flag to get America into the wars. WW1, WW2, Gulf of Tonkin, 9/11. All of them.
All wars are bankers wars:
Monetary system part 3
Wrap your heads around this.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Every asset is a debt and every debt is an asset.
You now know that the national debt is our money supply and it is exchanged for interest bearing bonds. Only principal was created and interest was not. So we need to continuously go further and further in debt to create interest money. The only way that dollars come into existence is by borrowing them into existence. So if we need more dollars the govt needs to spend them into existence. How does the govt spend dollars into existence?
Think hard about this......
In 1971 Henry Kissinger created the Petro Dollar. You see, because our economic system is a ponzi scheme, we can't have sound money backing it. So they did away with the gold standard. In 1933 and in 1971. And both times for the same reason. You can't have a dollar that is devaluing linked to something sound. If they are continuously creating more dollars (because they have to) and they are linked to gold. The value of gold goes down with the dollar in terms of other currencies. Dollar linked to gold. Dollars being devalued = gold being devalued. (In other currencies around the world) So other countries around the world started buying our gold and exporting it out of the US because it was on sale in their currencies.
This happened both times in 1933 and in 1971. The dollar was linked to gold and the dollar was being devalued. (Because it had to be ----Ponzi scheme) So in turn gold was cheaper in other currencies around the world. So they abolished the gold standard. Gold was flying out of our country. We were selling all our gold.
Now because we as a country had to continue creating dollars due to the system, and these guys knew that if all the dollars stayed in the country, we would have HYPERINFLATION. So they needed to figure out a way to EXPORT dollars.
Enter Kissinger.
They made a deal with OPEC:
https://www.investopedia.com/terms/p/petrodollars.asp
All oil transactions around the world were traded in dollars. MANDATORY! Backed by the US military. So the US at that time had a way to export dollars OUT of the US so they could control inflation. Less dollars in the US = less inflation. (Much more on that later)
Remember the only place that dollars come from is our national debt. And the only way they are created is by spending them into existence.
Look at this chart:
Look at what happened in 1971........2 reasons for this increase in the national debt. 1 the gold standard ended. 2 the US needed to spend the dollars into existence to spread around the world for oil transactions.
If every country in the world needed to hold dollars for oil transactions where did all those dollars come from? How did they get created? Where did those dollars come from? The world DEMANDED dollars for all oil transactions and the only place they could come from is our national debt. The US had to SPEND those dollars into existence. All dollars have to be SPENT into existence.
So how did the US create all the dollars necessary to spread around the world? We have to spend them into existence.......
WAR!
I seem to remember a war around that time that the US was not suppose to win that kept going on and on for years for no apparent reason.
Now if you can wrap your head around this system, the world we live in makes a lot more sense. The dollar and the current system controls the world. There is a reason why we spend so much money on wars OUTSIDE of the US and those dollars are sent OUTSIDE of the country. We are EXPORTING inflation. We have to get dollars outside of the US. If they all stayed inside the US inflation would skyrocket.
So we know that we always have to go further in debt to keep the system going. And the more dollars there are the more inflation there is. So they have to come up with ways to spend money into existence to keep the system going, but also export the dollars outside of the US to control inflation.
Now how many dollars will we need to create in the near future to keep the bond payments flowing?
https://www.cnn.com/2023/02/14/politics/interest-payments-federal-debt/index.html
"The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022"
213 bil per quarter for interest only. 213 X 4 852 billion in 1 YEAR just for interest payments on the bonds due. Remember those bonds are an asset that are being held in portfolios around the world. That interest is an asset and a liability.
So the US needs to create nearly 1 trillion in a year just to cover interest payment on the bonds. That does not include unfunded liabilities and the cost of operating the government.
So we have to SPEND all of those dollars into existence. Currently that total expenditure is 6.3 trillion dollars per year:
https://en.wikipedia.org/wiki/United_States_federal_budget
https://www.cbo.gov/publication/56309
But you know that that figure has to grow. I've shown you that. And the more it grows the more it has to grow.
So I hope now you can start to understand WHY we spend as much as we do. And WHY we send dollars to Ukraine and Israel etc. We NEED to spend the dollars into existence but also we need to try to EXPORT them OUTSIDE of the US.
Now think of all the ways that the US creates dollars necessary to keep the system going. The system demands wasteful spending. The system demands war. The system demands growth. How will the govt. spend the dollars into existence in the future to keep the system going? Wrap your heads around this. It may take some time. But there is a reason that cars still only get 20 MPG in fuel economy.
I was a little suspect because of price but your recommendation did make me be more cautious. I own some US mint eagles so I had something to compare against. It was obvious before I even took one out of the tube to compare side by side. If I had never owned one I would probably not have known. I was hopeful the content would at least reveal 50% silver. This is definitely an illegal scam. I don’t know how they are allowed to remain in business but the website is still up. Our government is really not interested in protecting us from such fraudsters. With all those 3 letter organizations you would think we wouldn’t even have to put up with spam email or robo calls. They would only have to make an example out of a few bad actors and most of the rest would look elsewhere for their business. Our entire government is likely on the take just looking for the next opportunity to loot the people. WW3 coming up.
Thank you for the advice. It made a difference. Also, I enjoy reading your posts.
BTW - There was no charge for the testing. I think these guys might be earning some of my business.
Now let me ask you this. If I had not mentioned getting those coins assayed, would you just have stacked them and let them sit there not knowing? How many ounces of "Silver" do you think that are out there that people think are silver and are not?
Unfortunately this does not surprise me. The fraud in this system is so rampant. Imagine how many of those "Silver" Rounds they sold to unsuspecting people. That is just one company and one coin. Use your imagination.
What did the coin dealer charge you to test the coins?
Thanks so much for your efforts. As expected, counterfeit. I'll have to relook at the add, didn't it come with a certificate of authenticity?
I still ask how they can do this? Thought our FBI / Gov't watched over our currency to protect collectors / buyers.
Since this purchase was completed through PayPal I was able to recover all my funds. I took the coins by a local coin dealer within x-Ray analyzer and the coins had the following makeup:
Copper - 56.7%
Zinc - 24.1%
Ruthenium - 2.9%
Nickel - 14.0%
Silver - 1.02%
Other - 1.28%
Individual coins weighed 30g on my unverified kitchen scale. So they may actually equal a Troy ounce.
I emailed the seller and he tried to offer me $200 as a settlement stating that they made no claim the coins were silver and for collecting only. I declined the offer then they offered $350. I emailed and asked where to return the coins and did not get a response. Obviously they do not want to be bothered with the return. Maybe I have $5 worth of metal. Probably not worth the cost of shipping.
Monetary system part 2
I am going to continue to explain how the economic system works here by replying to my original post so that people that are watching and are willing to learn can simply look at the replies to see the posts.
In the first post I explained how the actual physical federal reserve supply is created. That started in 1913. At that point we needed to borrow all our currency into existence. Federal reserve notes = Bonds. Once the bonds are exchanged for FRN's interest is due on the bonds. So we need to borrow more dollars into existence to pay for the interest. You should have that down at this point. We need to borrow our currency into existence AND we need to continuously borrow MORE to create the interest dollars.
Now after the physical dollars are borrowed into existence those dollars end up in all the local commercial banks. Remember the Fed is a private for profit corporation that has shareholders. The newly created FRN's get put into banks. The banks then fractional reserve lend more currency into existence. The majority of our currency is lent into existence through our local private banks.
Here is how that works:
You can see in the example above at a 15% reserve requirement an initial deposit of $1,000 after 10 transactions turns into $5,354.17.
So to explain this simply. Say you go to your bank and deposit 1,000 dollars. At a 10% reserve requirement, the bank only has to hold 100 physical dollars in the bank and they can lend out the other 900. Then when they lend out the other 900 and the customer deposits that 900 into the banks, the bank only has to hold 90 in reserve and can lend out the remaining 810. And so on and so on and so on.
Every deposit and loan constantly expanding the money supply.
So if every person in the US went to the bank to withdrawal their cash, only 10% of it would be there. There is not enough cash in the banks to pay everybody because only 10% of the deposits exist in physical cash. The rest is simply digits. The physical cash supply has been fractionally reserved.
Another example:
So in part 1 and part 2 you get the total explanation of the way that the private banks create dollars. Dollar creation is completely in the hands of private banks. Step one the Fed creates federal reserve notes in exchange for bonds. Then in step 2 the FRN's go to commercial banks and the commercial banks lend more dollars into existence via fractional reserve banking.
Keep in mind that when commercial banks lend cash into existence, they are also only lending the principal into existence. They are not lending the interest into existence. So again, where do the dollars come from to pay the interest on the loans?
And after there is a bankruptcy because a loan holder can't pay the loan that the banks create out of nothing, where does the physical asset go? To the bank.
Get a car loan and own the car? You don't own it unless it is paid for. If you can't pay the loan the bank takes your car and sells it and takes the proceeds. But when they created the loan, they created money out of thin air. When banks create loans they are creating dollars. But your signature collateralizes the dollar creation. The dollars are backed by your labor. Your promise to pay. But if half way through the loan you can't pay, they take your stuff.
This is the system that we live in and it was created by bankers for bankers. This is how the bankers accumulate wealth and acquire physical assets. especially land. Like after the great depression, which they caused. All the land that got foreclosed on, they took.
The federal reserve caused the great depression and Bernanke admits it:
https://thecyberdaily.com/2014/02/bernanke-admits-the-federal-reserve-created-the-great-depression/
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again." - Ben Bernanke
The bankers have complete control of the economy due to the ability to create dollars. And control the quantity of the dollars in circulation via interest rates. They can cause recessions and depressions. And there is nothing the government can do about it.
"The Borrower Servant to the Lender"
"There are two ways to conquer and enslave a country. One is by the sword. The other is by debt."
John Adams
They are selling 1 oz Silver coins for less than the Spot Price. That is very scary my friend.
"One question, who issues these bonds? Is it the federal Reserve? Does congress approve? Someone must keep track of how many and what amount to put in the system.
I know they auction them off and people / countries all over the world buy them. China has been a huge buyer in recent years from what I've heard."
This is the best video that explains how US Govt bonds are created and how they're exchanged for federal reserve notes:
This post should be the standard when questions are asked about the system. I'll spend more time looking at the
video's.
One question, who issues these bonds? Is it the federal Reserve? Does congress approve? Someone must keep track of how many and what amount to put in the system.
I know they auction them off and people / countries all over the world buy them. China has been a huge buyer in recent years from what I've heard.
Bottom line: many can't even run their own finances much less something as large as the gov't money supply!!
Don't ever think the rich in this country will ever get taxed to the point of lowering their life lifestyle. The rich can be effected but they always come
out much better than the other classes. My point. don't listen to any politician who says taxing the rich is going to solve our problems
Monetary system.
Started in 1913. Woodrow Wilson sold us out. After his decision to pass the federal reserve act he apparently regretted it. Here is a quote:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - Woodrow Wilson
That is the moment the system started as debt. That is the moment that forever changed the world.
At the same time the debt based system started in 1913, the income tax was also started. I will explain why here. Fed 1913, income tax 1913.
Here is how the system works.
Our govt creates bonds that pay interest. In exchange for those interest bearing bonds the fed exchanges bonds for federal reserve notes. (A "Note" is a unit of debt) Now the govt has to pay whatever the interest rate is on those bonds to the bond holders. But only the principal was borrowed. Let's say that the interest rate was 5%. So if out Govt borrowed 1 million dollars in 1913 that would mean our national debt was 1 million dollars. But the interest charge on that 1 mil would be 50,000 dollars. That is the amount of interest due on the bonds created.
Where does the 50,000 dollars come from to pay the bond holders? If we take it out of the dollar supply that would lower the dollar supply to $950,000. A reduction of the money supply is called deflation. Only 1 million in currency was created but 1,050,000 was due.
So they used the INCOME TAX to STEAL money from us slaves to pay the interest on the bonds. 100% of our income tax stolen from us goes to pay interest on the national debt.
But that is not enough to pay the interest on the bonds/debt.
So what the system needs to do is grow at least as much as the interest rate on the bonds due.
If the interest rate on the national debt is 5% we need to go 5% more in debt to create the dollars necessary to pay the interest to the bond holders. This extra 5% borrowed debt creates the necessary interest due on previously borrowed bonds.
That is why you see the national budget go from 4.3 trillion to 4.6 trillion to 4.8 trillion to 5 trillion. It always has to rise to create enough dollars to pay the interest on previously borrowed debt.
Again. Dollars and US bonds are equal. They go hand in hand. But there is interest due on the bonds. The interest was not borrowed into the money supply, so we need to borrow the interest money into existence.
This is why the national debt is always rising. The national debt is the worlds dollar supply. But only the principal was borrowed and there is interest due on that 34 trillion dollars.
Now those bonds are held in 401K's, Pensions, savings, countries hold bonds for the interest. There are municipal bonds that are created and held by every city in the US. And they are all interest bearing. And our property taxes pay that interest. They are all backed by every person that hold bonds or dollars in the world. If you go to the bank and buy a US Treasury you are buying into our national debt. And you are making money off of it. If you want some of your tax money back, buy US bonds and you'll get some of your income tax back.
So the system needs to continuously to constantly create the dollars necessary to pay the interest on the bonds. The interest dollars were not borrowed into existence. And to pay all the bond holders the necessary interest we need to go further in debt. The further in debt we go the further in debt we need to go to pay the interest.
That is it in a nut shell.
I hope this makes sense. It really isn't that difficult once you wrap your head around it. The system has to grow at the rate of interest because we have to borrow the interest into existence to pay the interest on the bonds. Our national debt is the worlds dollar supply. Any reduction in the US National debt would mean a reduction in dollars. No national debt = No dollars.
Now how can this system collapse when we are the ones that are holding all the debt and gaining interest on it? Every dollar in existence is borrowed and collateralized. We GAIN interest off this system and it pays our 401k's pensions savings bonds etc. We sustain this system. Once you understand it, you can see how the metal salesmen are fleecing the ignorant. They claim the system is going to collapse without explaining how the system works. They prey on ignorance.
I don't pretend to understand how our money works but I do understand debt is what keeps it going.
Gov't wants, needs debt.
Many people out there today want to change the world and just put out false information in hopes that
radicals like them will take the bate, so to speak. Metal salesman, with a twist.
The gov't misleads us all the time, so why not these other hard money people.
Over this holiday season I watched HSN coin show. If you are familiar with this guy selling coins you'll know him.
Claims he has over 35 years in the business.
He was selling his silver eagles ms 70 first strike and mentioned this very add. His one word take, COUNTERFEIT.
The FBI has an entire division dedicated to counterfeit money. Interested in what you find out, why they are able to sell
items like this ?
Great thinking!
Because of the debt based economic system needing more and more debt to continue. They NEED wasteful ways to spend debt money into existence. This includes wasteful programs like war, recycling, renewable energy, govt. expansion, etc. (Read pinned message) So they need to create wasteful programs to keep the system alive. So for them to spend dollars at Cern is an excellent way to create debt dollars.
And they are going to keep operating Cern anyways, the gold they create is simply a biproduct. It's a little bonus.
BTW, where does the money come from to fund Cern?
What is Cern?
What does Cern do?
Is Cern beneficial for humanity?
Is Cern a Govt program or private?
Why is this statue outside of Cern?:
https://www.amargranth.com/post/shiva-statue-in-cern-switzerland
Why did the global elite attend this tunnel ceremony at the opening of a tunnel near Cern?"
If you read the article, it’s more costly to make it than mine it
I have some US mint silver eagles. Quick comparison leads me to think the coins from Coin Eagle Fly are poor quality knock offs. There is no way for me to check content. I will have to wait and see what the coin dealer says.
The silver Eagles arrived today. Exactly as ordered. There is a coin dealer within a few miles of my home. I will try to get by within a few days and see if he has the ability to test them. I will post again with the results if he has the necessary test equipment.
The same people that own the Comex own the Shanghai exchange.
What I would recommend you do is to stop listening to the same repetitive rhetoric that you keep watching or reading. The same people have been saying the same things for years and you are still falling for it. If you disconnect from the liars for awhile, take a step back and reflect.
Recognize that the same stories have been spewed for decades. You have to start to learn. STOP listening to the same people saying the same things and recognize that you are falling for the same news over and over.
Nothing ever changes. You have to start to recognize that.
What if they have been making gold?:
https://bullion.directory/cern-scientists-create-230m-dollars-gold-in-lab/
https://www.gainesvillecoins.com/blog/did-physicists-accidentally-discover-a-way-to-make-gold
https://www.sciencedirect.com/science/article/abs/pii/S0168583X21004298
Shanghai is taking over pricing Comex dug their own grave
Which year were you talking about in this post?
$SLV $60+ by end of year.
It’s called a Ponzi scheme
Consider, if $20.00 was borrowed into existence with10% interest due in a year.
One year out, $22.00 is required to repay it.
Where does that $22.00 come from?
It has to be borrowed, with interest.
And this goes on and on.... and has been...
Previously I mentioned a couple think tanks called The Trilateral commission, The CFR and the WEF
Here is a fun little video explaining those organizations and the power they have over the worlds population.:
https://thephaser.com/2023/12/the-trilateral-commission-the-guiding-force-behind-the-wef/
Here is a video of an old TV show called Barney Miller. There was an episode where they actually exposed the Trilateral commission. Of course they made it sound crazy and made the guy look like a conspiracy theorist and a crazy man. Adding the laugh track and such. But the guy was spot on. Check it out:
LoL , we have to " borrow it into existence " ? you obviously represent the middle class , NOT ! we HAVE TO !
However the government is OPPOSITE! We NEED to create more and more debt to keep the system operating. We have to, as a govt, create more debt/money to cover the interest on previously borrowed principal. You see smarty pants, only the principal was borrowed into existence, not the interest. So where does the money come from to pay the interest? Answer that! We have to borrow it into existence.
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Nailed it !
>>>>So where does the money come from to pay the interest? Answer that! We have to borrow it into existence.<<<<
I’m not sure what the metal salesman have to do with the Fed printing money like it’s water
Money is debt backed by debt:
https://moneyfortherestofus.com/285-money-is-debt/
"Despite being charged with managing the money supply, the modern Federal Reserve does not simply run new paper bills off of a machine. Of course, real currency printing does occur (with the help of the U.S. Department of the Treasury). However, the vast majority of the American money supply is digitally debited and credited to commercial banks. Moreover, real money creation takes place after the banks loan out those new balances to the broader economy.":
https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is.":
https://mises.org/library/our-money-based-debt
In order for the dollar to collapse or fail this is what would need to happen:
Every person holding a loan would have to default at the same time. Because those loans created money.
Every person holding a mortgage would have to default at the same time. Because those mortgages created money.
Every savings account would have to vanish because all savings is debt
Every 401K would have to vanish because all money in a 401K is debt
Every pension would have to vanish because all pension money is debt
All money and every loan is debt. Our signature and promise to pay creates money/debt.
Every person in the entire world would have to default, give up or burn all their dollars at the same time. Every dollar in existence is collateralrized.
How can the dollar possibly default? IT's IMPOSSIBLE!
Not to mention that the US Treasuries pay interest to anyone holding US Debt/money. When you invest in Treasuries you are buying US debt. And you get paid handsomely for it.:
https://www.cnbc.com/us-treasurys/
The dollar is far from Fiat. Fiat is a piece of paper currency that has numbers on it that the Govt simply prints up and distributes. It has nothing backing it at all. It is simply printed and issued. The dollar is not that. It is all backed by every working America and every dollar holder in the world.
But the metal salesmen are very good at selling metal and preying on ignorance.
Faith is amazing.
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