"Think silver. Think gold." I like your way of thinking, David. Some say Greenspan thought the same way long ago, but that he had no choice when asked and tasked with delaying the inevitable for as long as possible. Perhaps, he covertly tried hastening the utter destruction of the current monetary and financial system through his bubble-blowing methods, in order to leave no choice but to rely once again on gold and silver in the aftermath.
Although, I wonder if Greenspan thought his "Put Party" would be continued this far and long after he left?
Nonetheless, The Fed bartenders since Greenspan have been watering down their product ever more and the party goers being served are sobering up and realizing it. Now they wanna pay less, but the debt drunkards desperate to stay and too dumb to leave will have to down more of it even faster.
I think your notion is partly right. I'd agree in surmising The Fed, the lender of last resort, is being set up to be the "Bad Bank" and "the holder of last resort" loaded up with all the worthless and toxic debt, and I'd add that they'll take down countless other zombie banks with them.
Where I partly disagree is on the degree to which Gold will be levered up. I think the US Treasury will use silver in a similar manner, but to a much greater degree than gold. I think the ratio at revaluation will reflect closer to their mining ratio of 7 to 1; thus, for example, $1,428/oz for Ag and $10,000/oz for Au .
Raising gold too high might give an advantage to the East, especially China. An aggressive revaluation of silver is the key to maintaining a balance of power for the West, particularly for a financially reconstituted US and/or newly formed North American alliance. I believe we have more silver here than China, and it'll have cost us much less to acquire it than has China in acquiring all their gold.
A much stronger revaluation of silver than gold will also favor Russia more - I believe they have more of it than gold - and it should contribute to keeping a healthier balance of trade with China.
I think they will just print as they have always done. Only going out to dinner will cost you $1K. You will get your SS money but you will use it to buy noodles.
"Think silver. Think gold." I like your way of thinking, David. Some say Greenspan thought the same way long ago, but that he had no choice when asked and tasked with delaying the inevitable for as long as possible. Perhaps, he covertly tried hastening the utter destruction of the current monetary and financial system through his bubble-blowing methods, in order to leave no choice but to rely once again on gold and silver in the aftermath.
Although, I wonder if Greenspan thought his "Put Party" would be continued this far and long after he left?
Nonetheless, The Fed bartenders since Greenspan have been watering down their product ever more and the party goers being served are sobering up and realizing it. Now they wanna pay less, but the debt drunkards desperate to stay and too dumb to leave will have to down more of it even faster.
Ive got nearly 50% of my savings, SIPP and investments in gold and silver.
I agree with your reasoning and thank you for imparting your extensive knowledge and experience to us novices to try to help us preserve our wealth!
It’s probably a decent bet. What else to invest, with prime goals being return OF investment (rather than IN) & freedom to transact if SHTF?
Some say bullets and bully beef.
We will load the Fed bank with 100s of trillions of toxic waste debt and then dissolve it.
Liquefy the treasury with $400,000 gold that will give them a market cap of 100 trillion dollars. 10 trillion at $40,000 gold
I think your notion is partly right. I'd agree in surmising The Fed, the lender of last resort, is being set up to be the "Bad Bank" and "the holder of last resort" loaded up with all the worthless and toxic debt, and I'd add that they'll take down countless other zombie banks with them.
Where I partly disagree is on the degree to which Gold will be levered up. I think the US Treasury will use silver in a similar manner, but to a much greater degree than gold. I think the ratio at revaluation will reflect closer to their mining ratio of 7 to 1; thus, for example, $1,428/oz for Ag and $10,000/oz for Au .
Raising gold too high might give an advantage to the East, especially China. An aggressive revaluation of silver is the key to maintaining a balance of power for the West, particularly for a financially reconstituted US and/or newly formed North American alliance. I believe we have more silver here than China, and it'll have cost us much less to acquire it than has China in acquiring all their gold.
A much stronger revaluation of silver than gold will also favor Russia more - I believe they have more of it than gold - and it should contribute to keeping a healthier balance of trade with China.
I'd love to see America go back to gold and silver in those ratios.
The big question is has the treasury leased out its gold and who is on the other side. If they lost it to The Cabal....
The Treasury IS the cabal.
There has been no independence for decades, some say longer.
Exactly.
Fiat currency will be swept away as it burns and private gold and silver money are coming.
For many things there won't be a fiat 'price' but instead if you have metal in hand you can buy. If you don't, you can't.
Fiat price for actual money will be an historical artifact.
I think they will just print as they have always done. Only going out to dinner will cost you $1K. You will get your SS money but you will use it to buy noodles.
That's why he got elected