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Post by bob123 on Jul 6, 2022 17:10:26 GMT -6
Janet Yellen went from head of Fed to head of US Treasury. Reflect on that coincidence first of all. As head of Treasury she is basically responsible for protecting the value of the nations currency. It is basically the number one function of that role. Yellen has made comments about the dangers bitcoin presents to the $us as well as expressed her concerns about people investing in crypto and bitcoin and its volatility and that those people are in danger of being ripped off. Guess what her answer was when the media asked why she does not have the government put an end to bitcoin futures trading? I think from my understanding the gov greatly prefers people trading bitcoin on the stock market and these centralized coin exchanges. They can halt, debank, or subpoena any of them and would rather people interested in bitcoin use that method. It is the storing of actual bitcoin on private wallets with private keys that would be the only possible threat, if it is as anonymous and decentralized as claimed.
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Post by SWMan on Jul 6, 2022 22:19:32 GMT -6
Haven't been looking at precious metals prices for months but the idea of $19 silver and $840 platinum got me curious to see what a few coins would cost. Looked at silvergoldbull and see 1 Oz silver coin for $34can and 1 Oz plt for $1310 on special. This is a long long way from a good deal. And it is not the $can being down, they are gouging the hell out of the market with these premiums. The $can is actually up a fair bit from a couple years ago when I could buy 1oz plt for $1350 when spot was around $us1000. What a crock. Goes to show that never assume anything. Never assume you can always buy when you want or that you will always be able to buy for a fixed price over spot. I don't see any buying opportunities right now. No doubt some other metal dealers will have some slightly better prices but I was used to buying 1 Oz silver for spot x currency conversion + $2 to $4 premium. Now it is +$8 premium. Platinum never really paid attention to a premium as it was rather small once currency conversion was done, now its about $200/oz. Of course the other possibility is premiums go higher and higher as the economy goes down and down and this now looks like blow out pricing. Especially when the next possible news to be created is refineries and mints shutting down because of poor economy and yadda yadda. Gun store near me is selling gold and solver for a fixed cost over spot, they get it from Scotsdale mint. So there are options if you know where to look.
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Post by kenmb on Jul 7, 2022 7:55:39 GMT -6
Looking at a few mint/direct sellers websites like First Majestic, Scottsdale and Provident Metals they are all offering items like 10oz silver bars at us$4.50 to $5 over spot. So well above what was normal not so long ago. I did see Scottsdale mint with rough cast 1 Oz gold bar at around us$1790 which is $50 over spot today. That is what I remember as normal not so long ago for gold and platinum coins if a guy caught a special pricing sale on a coin. There are a few small shops in Regina that sell such things at reasonable price though when considering you are dealing face to face and walking out with item in your hand. I would suspect you can get a deal if you catch the right dealer at the right time wanting to sell an item to get some cash flow, perhaps on a downtrend like this is when a guy looks at those shops.
Bob, that is it to a large extent. The people running the show are getting the population accustomed to digital currency / crypto. The more news items they can produce about people getting rich and also make it easy for people to transact then that is the goal. Notice no mainstream news about crypto when it is in the capper. Lots of mainstream news about people getting salary in crypto or buying a house when bitcoin was on the upswing. The bitcoin space is an example of what I call conditioning by our media. Things are brought into our life early on so it becomes common talk before the real goal is rolled out.
The government can shut down bitcoin in a day. They certainly can shut down websites trading in bitcoin as well as close futures trading. Because they aren't doing that then one can see that the longer these things exist then the more conditioned people are to their existence. As I mentioned before, bitcoin is never the endgame, it is the thing that brings in what will be the real goal of all this. Yet people will beleive all this is a natural evolution and bitcoin just came out of no where and government then realized it was something that could be used by them and eventually they adopted a new form of crypto. No, things don't just happen that way. The fact bitcoin has a futures trading position should be all one needs to know what is true.
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Post by kenmb on Nov 9, 2022 10:58:49 GMT -6
Came across these posts looking through ZH this morning. They summarize our world fairly easily. It's important to understand it this way in case I am too wordy in my posts. I don't know where it goes, but the people in charge do. Because no one making interest rate policy or expanding debt is that stupid to not understand the basic principles summarized below.(the rest of next 3 posts is copy and paste). We all know it’s going badly wrong and gold is a safe haven. What’s been going on? We’ve studied the outer edges of the Solar System and the bottom of the Mariana Trench. The final frontier is the banking system. How private banks create the money supply is a mystery. Understanding the mechanics of the monetary system isn’t easy as there are no books on the subject, as I discovered after 2008. I eventually found one book that wasn’t widely available at the time. “Where does money come from?” This introduced me to Richard Werner, who has been looking into this since the Japanese financial crisis of 1991. It all started in Japan, when the Japanese blew up a real estate bubble of almost unimaginable proportions. Where had the money come from to produce those insane valuations? Richard Werner was in Japan at the time and realised banks must create money. They could keep creating more and more money to pump into the Japanese real estate market. He eventually produced empirical evidence that banks do create money and this got the central banks to start revealing the truth in 2014. www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdfThe central banks have got the basics, it’s the wider implications they have been unable to grasp, e.g. the bank’s ability to create money will mess up our free market theories as Richard Werner saw in Japan. Private banks create the money supply. Money and debt come into existence together and disappear together like matter and anti-matter. Bank loans create money and debt repayments to banks destroy money. Bank loans create 97% of the money supply Banks create money, so bank lending is good for the economy. What about the other side of equation? We need to think about the associated debt. This is where global policymakers have been getting into trouble, they don’t think about the associated debt. They don’t really understand the banking system. Global policymakers have been getting into trouble because they don’t think about the debt associated with private banks creating the money supply. At 25.30 mins you can see the super imposed private debt-to-GDP ratios. With a debt based monetary system you need to manage the associated debt. No one told global policymakers.
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Post by kenmb on Nov 9, 2022 10:59:37 GMT -6
1 hour ago (Edited)
I am worried about public debt.
If there is no debt there is no money, it’s a debt based monetary system. The money supply ≈ public debt + private debt If you start reducing public debt, you will have to increase private debt to compensate. When the money supply shrinks this leads to debt deflation, which is really bad.
Things look very different when you know how it works. Cutting public debt can have catastrophic consequences.
The IMF predicted Greek GDP would have recovered by 2015 with austerity. By 2015 Greek GDP was down 27% and still falling. The money supply ≈ public debt + private debt The “private debt” component was going down with deleveraging from a debt fuelled boom. The Troika then wrecked the Greek economy by cutting the “public debt” component and pushed the economy into debt deflation (a shrinking money supply). Greece was pushed into a Great Depression type event by the Troika.
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Post by kenmb on Nov 9, 2022 11:00:16 GMT -6
The debt based monetary system is a bit tricky. We need to know what wealth is to get it working properly. Wealth, money and debt. It’s all got very confused. GDP measures the new goods and services being produced in the economy every year. This is where the real wealth in the economy lies. Private banks create the money supply. www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf Money and debt come into existence together and disappear together like matter and anti-matter. Bank loans create money and debt repayments to banks destroy money. Bank loans create 97% of the money supply The money supply should grow with the economy, i.e. GDP. More goods and services in the economy require more money in the economy. It’s a debt based monetary system. You want the debt to stay at a level where it will not adversely affect the economy. You want GDP, the money supply and debt to grow together so the economy is not held back by the debt contained within it. How do you achieve this? The idea is that banks lend into business and industry to increase the productive capacity of the economy. Business and industry don’t have to wait until they have the money to expand. They can borrow the money, and use it to expand today, and then pay that money back in the future. The economy can then grow more rapidly than it would without banks. Debt grows with GDP and there are no problems The banks create money and use it to create real wealth www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdfThe Chinese have been learning from their mistakes and have reached the same conclusion. Davos 2019 – The Chinese know bank lending needs to be directed into areas that grow the economy and that their earlier stimulus went into the wrong places. They had pumped bank credit into areas that don’t grow GDP, and the private debt-to-GDP had risen to a level they were on the verge of a financial crisis. Everyone does that with neoclassical economics, but they don’t usually see the financial crisis coming, like the US in 1929, Japan 1991 and US, UK and Euro-zone in 2008. Directing bank credit for productive purposes was the secret of the success of the Asian Tiger economies before they discovered financial liberalisation. The Asian crisis followed a few years later. The economy gets the stable money supply it needs when you direct bank credit for productive purposes. This is the secret of sustainable growth. You do need to know what wealth is to get the system working properly. This was another problem area for global policymakers. Neoclassical economics makes you think asset prices represent wealth, but this isn’t true, as they discovered last time. 1929 – Wakey, wakey
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Bitcoins
Nov 9, 2022 11:55:23 GMT -6
via mobile
Post by cptusa on Nov 9, 2022 11:55:23 GMT -6
Yep. Should've bought that one.
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Post by kenmb on Nov 9, 2022 16:56:56 GMT -6
No more land being created, the real question is whether land will ever be up for sale again. Because you don't need to create more if you can just go buy what you need.
I posted earlier today in this thread to keep from muddying up the grain price thread. I am still holding with the thinking these elections may be a turning point and the results so far seem to be screaming something isn't right. Or are we actually to beleive electronic voting machines going down during an election night are simply expected and that there is no alternative to such problems.
Two possibilities : 1) yes, our world is totally fuked and the people in charge are slapping you in the face 2) even the most brain dead are being led down a road and being shown reality
I like #2 but there is still much work to be done for those people to understand. But we will see.
I didn't expect crypto to keep cratering when posting this morning. I will suggest people watch it next few days. Nothing really changed in crypto land. Bitcoin is still its store of value, it is still technology to change everything. It is still everything we are told it was, yet for some reason many people are getting out. Of course that would mean I am posting like crypto is not a controlled environment. Which I don't beleive. So if crypto keeps going down next couple days then there may be something to pay attention to.
Also keep in mind Elon now owns Twitter. This is significant. Ok, not significant if you actually beleive a guy can become a multi billionaire and use free markets to go buy the most influential thing around. But I stopped believing that a long time ago, so Elon buy Twitter is significant. And right around the time of the election.
I am going to bet there are some things coming together.
Someone else wrote the following. I can't say if I agree with all of it, but it is certainly interesting. And it could be correct. And I may need to consider some things differently, particularly about the issue with Liz Truss in the UK and their new PM.
Whatever happened to Evergrande anyway? Oddly enough, the system didn't implode. Why? Because it implodes when people say it does. It's that simple. Whatever the news you are fed, it is told to you for a reason. It is not fact or reality, it is meant to serve a purpose. We don't know what it is though. So all we can do is watch events and perhaps guess what may really be happening.
Anyway - copy and paste here on.....
Sam BANK-MAN - Fried, as in Sam The Bank Man is now Fried, is FTX, which has now collapsed in a Black Swan Event. FTX is tied to Tether, which is tied to Evergrande, which is tied to the CCP, all of which are collapsing.
Clip
This year alone, the "crypto" valuation system has lost trillions. Over the course of Team Joe's term, the system at large has lost trillions in paper valuations across the board. Meaning, we've been in the middle of a Planet Wide Black Swan Event for 2.5 years, but is has been a controlled demolition. Why "inflation?" Think controlled demolition + salvaging + panic
So, A Rothschild is announced dead, FTX crashes, Election Happens, Blood Moon, 11.11 just days away. All of this is very, very important. The events are NOT unrelated, but interwoven. When the Queen was announced dead, ALL of her agreements were dead, as they were NOT with "The Crown" but with her. Doofus Dimwit does not "inherit" her deals, as he isn't even crowned yet - he's a symbolic dead man walking. I'd argue that Truss' demise was because she was appointed by the Queen and that agreement died with the Queen - whatever eneMedia excuse was given IMO the agreement died. It also means the Queen's trusts are in dispute, and, low and behold A Roth is dead - who controlled the trusts?
No spoilers anymore from me, but what is to come will be spectacular depending on POV what kind of spectacular is very POV dependent. If you can't put things together, you won't get it, I'll be honest, and it is not for you. If you can, you can see the movements in the last few days as astonishing - ignore the "election" it matters not at this point.
Eyes on Team Joe and International Relations - They've be frozen out, and this is what matters most, as without the international backing = money, the US Old Guard is totally screwed, and the blew wads electing Fetterstein because if it worked in the past it will work now - one playbook.
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Post by kenmb on Nov 9, 2022 17:01:24 GMT -6
The clip in above post is this one. Color me surprised Kevin Oleary is part of the pump it up scam. Probably has poker night with Pierre Pollivier. It's a big club, we aren't in it.
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Post by kenmb on Nov 11, 2022 12:41:33 GMT -6
I was commenting in the grain thread about Saudi Arabia joining BRICS so did a search for it. morningstaronline.co.uk/article/f-2nd-saudi-arabia-egypt-and-turkey-apply-join-brics-forumThis is a pretty big deal. The Petro dollar is in my mind a real thing. And and so you can't possibly expect oil from BRICS nations to trade for $us which therefore lower demand for $us. Also a guy would need to look more into exactly how big a role Turkey serves as a NATO member. I don't think BRICS nations and NATO go hand in hand. Things are changing. The $us can't possibly stay as a reserve currency if these changes take place. And if that occurs then the $us does have the same value in the future as you perceive it to have today. And so a transition will be underway depending on how much of this stuff changes. As always, this is all based on our news fed to us by our various devices to shape our perception of our world. And that is always open to questions as to being factual.
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Post by SWMan on Nov 11, 2022 22:54:34 GMT -6
Watching a youtube video and the ad prior to it starting was a little infomercial from Jim Rickards warning of the coming market collapse and CBDC introduction. He says he can save you from it through a process called "asset emancipation". Not sure where he plans to hide when the house of cards collapses, and I didn't drop the $50 for his newsletter. Kinda wonder if he is just another one of the gatekeepers herding people together. I know he has been big on precious metals for some time, maybe he means well who knows. Definitely issued a serious warning about what is surely coming. Did not recall any sort of crypto being mentioned but again I did not buy the newsletter.
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Post by kenmb on Nov 12, 2022 11:48:11 GMT -6
Some say we are a planet of free will. So the people in control don't give a 100% fake narrative, but some info is actually truth and you, of free will, then decide what to believe and act on. This then gives the people pulling the strings some degree of ethics/morality by saying it was the peasants who choose what they beleive and so the choices made are the problem. It's an interesting position and one I do keep in mind with trying to assess what seems fake and what may have a thread of truth. I am almost at the point of thinking everything we are fed is a fake narrative but I can't help but seem some glimmers of truth in some things that are fed into my life.
The boy had watched the movie "the big short" on his own sometime ago so was home and wanted to watch it again. I first saw it when I had just an inkling of how things work. Watched it again and it was quite inte3this time around. Now I don't think any Hollywood movie will tell all truth but there are so many scenes and 1 minute bits of dialogue in that show that I picked up on this time around. The movie was paused many times so we could discuss certain scenes. I don't go on and on about this stuff at the supper table but a couple things come up on occasion so found it interesting a 17 year old is following some of these finer points in our world. Things that grown adults totally deny.
So Rickards may be a guy speaking truth. He certainly has said some things that were dead on regarding our system. He wrote a good story about the 1998 melt down. Can't remember what he said about the GFC but pretty sure he wasn't out right lying and simply saying it was lazy people, stupidity or greed. The GFC was outright fraud.
Which brings up the point that it was in 2009 and yet everyone is all back at the casino with bets that are leveraged 10x bigger than in 2007 because it won't happen this time around. Good lord. How short of memory do we have?
It was 15 years ago the system blew up because of asset bubbles and fraud in lending anything to anyone and financial institutions overlooking everything, and regulators on vacation through it all. Name one thing that was changed since 2009 to keep it from happening. There are none.
But it will be different this time. And why? Well simply because it is too big to fail. Hope and faith it is then.
Its worth watching that movie again I think.
Then sit down and list all the changes and all the prosecutions made since 2009 fraud that blew up the world.
Here is the list: 1.
This FTX implosion is following the same path. It is not an unethical guy with a backdoor and regulators not doing their job,, or lack of oversite, or not enough regulation. It's fraud from step 1. Set up as such.
Soon come the demands for the government to step in and regulate and have control of crypto space so the peasants can't be robbed again. A fully regulated digital system. But it has to be a very public meltdown of the existing system so people appear to demand government intervene.
As always, the solution to government failure is more government intervention. Because when governments don't do their job in the first place then that is what they tell people is the answer going forward.
Nothing was done since 2009. That tells you how things are today.
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Post by kenmb on Nov 13, 2022 17:36:21 GMT -6
Was thinking the last few days how we could move from a fiat based system to something else. I was thinking we would have to see a complete meltdown to make people understand. But then how do you accomplish that when people have been programmed for about 50 years or more that fiat is wealth. Can it be done in a couple of months so people can move forward. I don't think so.
There is lots going on these days but nothing that is in your face that the most programmed drone will wake up and throw aside all they are told to believe. So maybe nothing is happening. I won't deny I have my doubts. But I suppose I am looking for good things to be where there is only bad stuff seen. Optimistic I guess. Is it a matter of choosing what we see and interpret. As mentioned, we are perhaps given freedom of choice.
So I was thinking if the two systems can exist for a while. Those who see fiat as value vs those who understand what value and wealth really is. If so, the system could be a hybrid while people learn and throw away the beleifs they have been fed to them for generations.
It's possible. I have been posting about what is of real value for a while without talking about value in terms of personal value. I mean value in regards to trading your energy for things you need to live. No, you can't live on good feelings alone, you need food and shelter and stuff.
So this guy posted again an hour ago about the FTX things. He posts alot about how humans should function so crypto and finance is not something he would be rooted in. He looks at things from a human perspective and apply that to current news items. I find it interesting.
The rest is someone else's words.....
This one is a bit complicated, reQuiring the 40k foot POV.
One thing to keep in mind through this part of the process is the "new system" will look like WEF/Own Nothing or Liberation depending on POV. The new system is the same exact thing, but the devil is in the details. Will the new system be Net Positive, or Net Negative??? 51/49 or 49/51?
The above colors how one views the current events. There are two distinct elements of Crypto, Casino Coin represented by things like BTC and cumRocket, and Utility coin represented by things beginning X - there are only a few of the latter an hundreds of the former. The former's "value" is 100% determined by emotional manipulation. BTC has no value, zero, unless someone is emotionally invested into it - they must be told it has value and they must invest energy into it. Casino Coin was there to introduce folks to the "new system" Net Negative version, with both Casino Coin and Utility Coin created by the same people, at the same time: Problem > Reaction > Solution.
The crash of Casino Coin was meant to initiate the Problem > Reaction > Solution sequence. "Oh my god, all these people lost money on FTX, we need to regulate it." This was inevitable regardless, but in the Net Negative scenario the panic part is both an energy feeding and an excuse to issue the solution behind closed doors.
So, the crash will continue, we assumed here that Tether would initiate the crash, instead we got the Bank Man, which revealed a ton of stuff that is pretty terrible related to the dems. How's Joe going to speak about FTX when he took money from them - pretty good ploy to disrupt the Net Negative part of the solution. So probably White Hat initiated based on that.
Also, the CCP was/is tied to Tether, when Xi is ready, they'll wipe out the CCP's holdings and the crash will be complete.
That said, in both the Net Negative and the Net Positive materialization of this, FIAT's fall is cushioned by shifting things into the Crypto Sphere, which is meant to get things moving again after FIAT. Here's the rub, the collective is soooo rooted in the FIAT system they cannot let the new system in, Net Negative or Positive, because of that brain lock. The collective struggles with the idea of valuing their energy in anything other than Dollars, ask anyone to see life without and they simply cannot.
This is creating a huge hold up from either Positive or Negative POV's. FTX's crash will really only alert folks to the issues with Casino Coin, not the FIAT system for which FTX and Tether were modeled after. Now, some of us are hoping that FTX/Tether crash will be enough to dislodge the FIAT system via symbolism, avoiding the need for a FIAT crash - symbols are more powerful than folks realize at this stage of the game.
If White Hat energy pulled the plug on FTX to expose the system, which seems to be the case, then it is possible folks will see the symbols and transcend.
All of that is mitigated by one key part of the process that few understand: The Choice Point I have outlined changed the world, folks who chose Fear as their guiding light when presented with The Rona have divided the world from those who did not chose fear as their response to the planetary test of sorts. This fouled up more plans then folks understand, ergo, the fear folks want FIAT crash, because they chose fear as their guiding light. The others, a Net Positive side if you will, do not need it or want it.
It's pretty complicated from that 40k POV. How do the humans on earth, not the bots. clones, droids etc., but the humans want to value their energy from here on out? Through the traditional system of Humans As Currency via the FIAT agency, or with a new system?
At the moment, Vlad is leading the way for the balanced, multipolar, level playing field system I'll refer to as the "hybrid system" FIAT/CRPTO/ASSET system through BRICS and Trade in non dollar currency. And the Old Guard a way pissed about it, as it will end the printing press and the old system of Humans As Currency.
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Post by Oatking on Nov 29, 2022 7:16:08 GMT -6
Interesting , the Manitoba government has put a halt to any expansion on crypto currencies citing the energy needs to keep servers going are lacking power from hydro electricity. Wow , if this industry has maxed out energy how in the world will we all drive around in electric cars?
I wonder if the NDP were in power would they have realized this problem. Thank goodness we still have the cons in power.
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Post by kevlar on Nov 29, 2022 8:38:35 GMT -6
And we're a province with low population and an abundance of hydro electricity, just imagine more populated areas with no reliable energy source. I wonder how many people who want all electric vehicles also own bitcoin and likely have no idea how much energy it consumes.
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