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Bitcoins
Aug 23, 2023 19:57:22 GMT -6
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Post by Oatking on Aug 23, 2023 19:57:22 GMT -6
Interesting move in silver this week. Up about 10%. Also notable that metals were on a downward trend for a while for unknown reasons. The reasons always are unknown, especially considering that "inflation" has drastically driven up the cost of all raw and manufactured goods except precious metals haven't followed the same pace over recent years. This week is the week the BRICS are again meeting to discuss how they continue taking away dominance of the $us and its control organization. As usual, who knows if any of that is really happening. It would be nice if there was a group doing such a thing because it wouldn't be that hard. The group just needs enough military power to keep the US/Nato/UN coming in and wiping out anyone who dares to attempt such a thing. But maybe it is happening. The Ukraine war would seem to indicate the western regime doesn't have what it takes to keep the $us scheme going. I still think grains will go higher, I am not waiting for some new record high, but $11 wheat in October would be fine. And my gut says if metals go higher then grains will too. If metals drop much more I suspect grains to hold or go down. My thinking is if we beleive the BRICS talk then metals will be in demand. And if they use commodity based trade/currency then grains are also in demand and not subject as much to the crap called futures trading. Couple this with the idea people are likely to pursue unloading $us and we start seeing increased prices - which is actually currency devaluation being the driver. Once again, the tricky part is figuring out what is reality and what kind of fake crap can be pulled off to hide reality. And the big, big asterisk in all this is the prices we see right now for precious metals and grains is all based on futures trading done in $us. In the real world this wouldn't exist so if things are really happening like a commodity based currency then both futures trading and the $us become irrelevant so how do we assess things. Since we have been programmed to assess everything based on $$ and not value. Too big of change too soon. Hard to know what will happen with silver ! History is a good indication of the possibilities !!! 1965: Silver was trading at a dollar an ounce. 1980: Its value peaked at over $50 dollars an ounce. 1992: Silver traded for as low as $3 dollars. 2011: It traded at almost $49 dollars. |
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Post by kenmb on Aug 24, 2023 6:40:24 GMT -6
I hadn't looked at the prices for over a week. I was surprised last night to see silver up like that. Usually i see mention of big moves like that.
Pretty sure central banks will hike interest rates again. Why. Because. There is no logical reason. They clearly didn't see inflation for 13 years when anyone looking at real estate listings had it slapping them in the face, so they central banks clearly won't see deflation either. Because that is not what they do. They don't really do things that way.
Remember all the "experts" and forum posts saying interest rates will never go higher, or there have been 4 rste hikes and that is the end. I saw mention of 14 hikes so far. Oddly enough, none of those talking heads on the tv are pontificating on rate hikes being done.
As I mentioned before, don't be dumb enough to beleive central banks are running things for your best outcome and that media is giving you any real insight.
Precious metals remain and insurance policy. I don't call them an investment. I just feel better having some PMs. I haven't bought any for a while but last month would have been a good time, and I think this month is too. And pretty much any other month for that matter is a good time to own some.
Bitcoin, well it's a Ponzi scheme. Depends when you get in or out. It's not an investment and it is not insurance.
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Post by kenmb on Aug 24, 2023 8:48:39 GMT -6
I don't talk with banks very much and still pursuing the idea of a Claas combine over the next little bit. Yesterday I see rate is 6.75% through FCC on 5 year with 5 or 10% down depending if private purchase or through dealer. So I checked with Conexus Credit Union since I recently joined now that our RBC pulled out of town and was given a number of prime (7.2%) plus 1 to 3% depending how I do on my paper work fill out to make the lender comfortable they can create money out of thin air and give it to me.
That is a lot of disposable income coming out of the economy to service debt. If you wanted to know what causes deflation, guess what it is.
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Post by Oatking on Sept 23, 2023 9:02:19 GMT -6
interesting article on a repeat of the 2007 2008 housing collapse.
is it possible farm land could see this demise.
he also shows an example of how people can manipulate the system with bit coin.
interesting watch.
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Post by kenmb on Sept 24, 2023 10:34:52 GMT -6
Price of debt runs the economy, especially in a debt based system we have. Therefore those who set the price of debt are those who run the economy. And therefore its not your government.
One of the Federal Reserves top mandates set when it was created was to ensure a stable economy. How are they doing? I suppose it does not matter since no one in US government who grants the Fed their mandate to continue actually asks this question. It's like having a financial planner to grow your wealth but not actually look to see if they are growing your wealth - ever.
So housing is becoming less affordable because of interest rates. Apparently no one could see that coming, or more importantly, understand this while cutting rates. And what a time for government policy to change regarding Airbnb.
But the good news is there is no more farmland being made so it will always have demand outstrip supply. Ok, so what if there was 200M acres of farmland in Canada in 2003 and land was no sale here and renting for taxes, the point being is there is no more being made so it will never go down because supply is zero. A guy may think the supply is actually 200M at any given minute and it actually just depends on sellers vs buyers but that goes against the idea of no more farmland being made.
So you will have to decide for yourself if farmland will ever be effected.
My out of the box thinking says if a guy can get 6% return on a bond then that may catch a lot of attention. However if supply of farmland is zero because no more is being made then farmland is guaranteed to go higher. And interest rates won't matter because lots of farmers flush with old money will buy land if no one else sees the attraction.
Interesting George identified FTT as a Ponzi scheme, same with all crypto. Yet government and the lending institutions who want guarantee security don't see it that way. How does that happen. A pretty good example of debt to equity ratio at work. Debt is fixed, equity is an imaginary number subject to change at any time.
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Post by kenmb on Sept 25, 2023 7:48:23 GMT -6
George only talked of the supply side in that video, we also factor in the demand side.
As I have mentioned before, there is an entire generation now beginning to learn about debt cost. For 15 years it was a non-issue, the automatic answer to any purchase was "yes, I can afford it". This applies to houses, farmland, equipment and mattresses too. If you don't have the savings, it doesn't matter, just buy it with debt.
Think about being 35 years old and just starting to understand how being heavily leveraged starts to look when a loan is now 7.5% and you are pissing away a few grand a month on interest. Ok, it's a lot more than a few grand for a lot of people, but for myself, when I see $1000 a month pissed away on interest for crop inputs I tend to consider that if I can eliminate that then I am well on my way to living a comfortable life. But I don't need to clear $100,000 a year to pay for the camper, cabin, 4 family vacations, $100,000 half tons, etc so $1000 a month is a decent chunk of free cash flow for me.
Let's also consider than I am a fairly average schmuck. And that there are a whole bunch of other people thinking saving $1000 a month is rather significant. How does that effect the supply > demand ratio George focuses on?
This applies to all big purchases. Not just houses. If people start thinking their house is unaffordable you are adding to the supply if they choose to make a change. However the average schmuck as a buyer is in the same position of the average schmuck who is the seller. They both are seeing that extra $1000 a month pissed away as perhaps something not of benefit to their longterm plans. Does you move into a 2000 sq ft home or stay in your dated 1200 sq foot home and think that maybe you will take the savings and go out for some nice suppers or take a few trips instead.
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Post by Oatking on Jun 1, 2024 0:33:34 GMT -6
Noticed silver is up 35 percent this year ! A report said China needs silver for solar panels !
Gold was up 14 percent in comparison !
Today silver was 40 dollars cdn an ounce.
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Post by SWMan on Jun 1, 2024 22:59:40 GMT -6
The price of everything is going up, mainly because of our collapsing currencies. I was just down in the US for a couple days and surprised how expensive restaurant meals, hardware items and such are, probably not much different than in Canada with our dollar. China is dumping US treasuries at a pretty good clip which is only adding fuel to the fire of money printing.
Logic says this can't go on much longer but the people that pull the levers seem to make the rules up as they go, we might be in for a bumpy ride ahead...
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Post by kenmb on Oct 19, 2024 8:09:16 GMT -6
That bumpy ride might get started next week Blake, we will have to see if there is some fall out. Specifically referencing the closing price of silver yesterday. Anyone notice something noteworthy in the charts?
This trend is also occurring while the $us has been gaining over the last few weeks.
Some musing on the closing action is that a lot of big money should typically be shorting the crap out of silver in that $31 to $33 dollar range. Yet the market blew through those price levels so there is going to be some covering taking place, or else a massive sell off to force the price lower. Banks are the big short position holders so banks are the ones out in the cold right now.
BRICS summit next week where the "news" is saying there may be some more concrete action on alternative currency and mechanisms for trade outside the $us and then we have the US election soon which will mean lots of chaos when the Republicans win and the Democrats fight tooth and nail to not give away power. Although it may not be the case assuming it is still the uni-party.
Short version is to anticipate some bumpy times coming up for the fiat currency regime. I know there are people who still think the $us is king and is not going to be replaced soon. They then will say land, housing, meals etc really are double the value of 12 years ago because the same items got that much better to warrant the increase in dollar value. No, the currency they are thinking is as strong as ever and is not failing is actually failing and that is why the price change. The $us is not going to get any stronger, the only question is how much weaker it gets before more people understand the dollar is not wealth nor an asset.
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Bitcoins
Oct 19, 2024 8:28:57 GMT -6
via mobile
Post by Oatking on Oct 19, 2024 8:28:57 GMT -6
It’s brutal to transfer cdn funds to us funds
1.38 ratio
I wonder if it could get to 1.5 ?
I don’t think cdn funds will ever be par again with us !
Trudeau has racked so much business relationships with other countries we will be hard pressed to get to 80 cents again .
I am of the notion our weak dollar doesn’t help our grain prices or farm economy . Sure we get a bit more for our soybeans compared to a us farmer but all of our consumable goods and equipment costs so much more now .
I think our low dollar has increased inflation but nobody really in government makes reference to that fact .
I like that silver is proving to be a bench mark in terms of a safe haven to cash !
I still think before I pass away we will see 100 dollar a once or more silver .
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Post by kenmb on Oct 20, 2024 9:23:24 GMT -6
The basic premise for me is whether or not we actually have a group that is challenging the fiat currency scam. We are so far from sound money and free markets that we can't even understand the reality. But my hope is there is a group who does understand our present situation and is coming together to solve it. But the people who control the fiat system know what that means to them and will burn down the world if allowed to in order to stop us peasants from seeing the alternative and participating. Alternatively it is all BS and the BRICS is just another example of controlled opposition that will be used as reason to bring in a new control system. Time will tell.
Taking the position of good things happening because there are still good people in places of power to create change, then the idea of BRICS using commodity backed currency and precious metals is a step in the right direction. Sure, lots of people will say it can't be done and the $us is the only answer, but again - those people don't understand the full extent of what the fiat currency regime has done to their lives. But suppose BRICS is a real attempt to change things for the better then gold and silver is a reasonable part of the future. I can see digital currency fitting also, assuming it is done to better things rather than control.
So the premise is BRICS will also add silver as a recognized store of value/commodity to back a trade currency. That would be an even greater attack on the fiat currency system. Reason being gold is still unattainable for the vast number of people so not a real challenge to the $us/fiat. But silver, that's a different matter. If you start buying items off Kijiji for a few hundred dollars and negotiate in silver instead of dollars because other parts of the world (BRICS) recognizes silver as a store of value, then you get a change of fundamental perception of things with tangible value vs fiat. And once that shift starts spreading, it will gain ground quickly.
So it all comes down to knowing if BRICS is really a thing or not. Or basically - is there a challenge to the $us?
If there is a challenge, then I would expect the fiat currency regime to defend the $us to the bitter end, then burn down the house if still loosing. No surprise Ukraine/Russia, Iran/Israel, China/Taiwan all becoming "news" items.
Defend the $us means to hold its value using the BIS and all these "free market" trading mechanisms to give the appearance of the $us holding value. We would likely hear news of other currencies falling in value as the system works to defend. But the basic premise is once there is a challenge of real money vs fiat, it won't take long to recognize the proper choice.
We will definitely see a polarized world. Oddly enough, last week Canada went out of its way to antagonize India with assassination story. Any one catch that? The real question is whether or not that entire situation is really how such a thing would be handled. My guess is no. But when talking a bipolar world, you must make a public display of why your country is being a victim and must break ties. In reality the ties are already being broken when India is the "I" in BRICS.
We certainly won't ever get the truth from the "news". Not about what BRICS is doing, or how Canada is right to talk of assassination as a legitimate form of statesmanship. So I just look at bread crumbs. Months ago I said it was odd the $us was going up in value along with gold and silver. Now silver makes a move so I will watch and see if that is a one-off thing or we see more weird stuff going forward.
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Post by kenmb on Oct 21, 2024 11:44:24 GMT -6
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