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Post by kenmb on Apr 3, 2024 8:10:46 GMT -6
"Something is about to happen" is it in a nutshell Kevlar. It's why I pay attention to this stuff. Silver made a big move last night too. Meanwhile us$ still holding fine because down 0.13% or whatever is irrelevant in the grand scheme of things.
Everything crappy in our world revolves around infinite fiat printing by a few people who control it. I won't get into it here but one simple item if people haven't thought of it is our trend to Socialist destruction and promotion of specific groupds/ideology with the purpose of dividing a people. All this stuff could not happen without infinite dollar printing, if these Socialist policies, special interest group promotion, massive immigration (illegal and legal) all were needed to be funded by sound money principles (ie no deficit spending or borrowing to infinity) then we would see such policies and topics in our daily lives disappear. Because they would have no funding.
I don't know if people really understand fully how this fiat currency scam is really used to control and destroy the lives of everyday people. As I said in the past, we really don't understand what true freedom could look like because we don't fully understand how our present world is controlled.
So yes, while it may be nothing really at this moment, I do think that if big changes ever occur in our lives we will see indications of it in precious metals. No change in metals means no change in our world.
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Deflation
Apr 3, 2024 9:12:54 GMT -6
via mobile
Post by garyfunk on Apr 3, 2024 9:12:54 GMT -6
Precious metals, hmmmm.
Surely I'm not the only one on here that remembers gold going from $200ish to $800ish in one year (79-80). And then gold couldn't break $400 for around 12 years (90ish to 2002ish). It's gone up what, 15 percent from April last year?
Gonna have to move a lot more than that before any alarm bells start ringing IMO.
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Post by kevlar on Apr 3, 2024 11:42:58 GMT -6
Precious metals, hmmmm. Surely I'm not the only one on here that remembers gold going from $200ish to $800ish in one year (79-80). And then gold couldn't break $400 for around 12 years (90ish to 2002ish). It's gone up what, 15 percent from April last year? Gonna have to move a lot more than that before any alarm bells start ringing IMO. I don’t remember much from when I was 1-2 years old 😉 lol |
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Post by OptimallyDismal on Apr 5, 2024 8:03:57 GMT -6
They were talking about the Winnipeg University hacking on the news, now they think a lot of data was taken and this opens the door to identity theft etc.
I also hear the provincial health care computers were hacked and they don't know the extent yet either, nothing on MSM about that yet.
Starting to wonder how much AI is playing into this stuff and who and why are they building these stolen databases. The upcoming changes will be a great opportunity to set up so many fake ID's and cause all kinds of havoc.
Anyone that believes that data on the internet is safe and secure really doesn't have a clue how computers work and how easily they can be compromised.
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Post by kenmb on Apr 5, 2024 8:30:33 GMT -6
The very basic idea that important info is stored "in the cloud" is first indication of a system set up that is not secure. I would best the majority of hacks are government organizations of some kind. It gives the government more room to control the future goals by having these hacks. Kind of similar to the idea that bitcoin gives you full anonymity yet it is 100% digital and so leaves a trail everywhere - that's actually the primary feature of blockchain - to keep track of every single detail. I would say every single government approved entity isn't actually that secure and that is by design. Similar to doing your crop insurance filing and reporting all your acres and this is held ultra secure and only crop insurance knows your numbers. Insurance over all is a good indication of who has what and if an "unknown" entry wanted details then getting access to insurance data of any kind is a good avenue.
As for the precious metal moves, I am not interested in the percent change. I am interested in the why/how. That is the bigger point. Looking at percent is simply thinking you hold gold and silver to make a return and so it only matters how big the return is. That's not what I am looking at.
So far the best explanation is metals are sniffing out problems. The middle East is one big one going into the weekend although this doesn't really explain the moves from last month. Unless it is people who are more in the know that acted before things get heated up. Looking at fundamentals of metals the people digging into it say nothing really has changed. ETFs have been selling off holdings, not buying, no big changes in foreign countries buying, consumers via dealers really hasn't changed much. Central banks possibly however they would rather not see prices surge so their actions are more subtle and spread out. Yet metals are moving up. So it is actually the lack of explanation that is curious. We will see what takes place over the next couple weeks. If the bump up was a flash in the pan or if it keeps going higher, because I am curious as to why if it goes higher.
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Post by kenmb on Apr 5, 2024 10:20:54 GMT -6
Came across this article, covers majority of what I am thinking. Nothing about the middle east issues as a factor though. It basically comes down to the fiat currency system coming to an end, and the abuse of that system is pretty darn obvious. Maybe people reading this still don't get it, but suppose people managing countries who are forced to use the $us but understand the abuse being exercised by those controlling the $us is now to extreme and those countries and entities want out. The western world is slow to understand because that same abuse is beneficial to the west. www.rt.com/business/595122-west-losing-gold-east/The last paragraph sums it up but the reading of the article does well to lay out the path. The hurricane that is bearing down upon the Western world is the debasement of the dollar owing to the weaponization of the financial system and the spiraling US debt crisis. These are epochal developments that have combined to break the familiar financial world beyond repair. The flow of gold from West to East is both a real transfer of wealth, but it is also symbolic of just how profoundly the West has been underestimating the significance of what is happening. |
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Post by kenmb on Apr 12, 2024 7:50:11 GMT -6
US dollar up 2% last two days, gold up 5% last two days.
It's not the percentages that matter. Precious metals aren't an "investment" or speculative commodity, there was a time when they formed the basis of a human trade system that provided equality to trade your labour with someone else. A system that could not be abused by someone else creating infinite wealth out of thin air and buying up all you laboured for. There could be a better system than precious metals, but when you watch what your government is doing to you with the fiat money scam then you will be hard to find a worse system that is presented to you as fair and equitable.
And in other news, the entire financial community, all government experts, and the voting members at the Federal Reserve were shocked to see inflation higher than expected thus lowering possibility of more rate cuts. Shocked I tell you, who could have seen that coming.
Meanwhile lots of certain parties pushing for more war. Identifing who those particular parties are is probably a good way to identify who is fully behind our present system of enslavement.
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Post by kenmb on Apr 12, 2024 8:19:08 GMT -6
Things are looking a little crazy. Watch grain prices, I have some suspicions there too. Think I will fill the fuel tanks today, been holding off waiting for some kind of correction but I think I have my answer.
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Post by northernfarmer on Apr 12, 2024 9:07:50 GMT -6
Things are looking a little crazy. Watch grain prices, I have some suspicions there too. Think I will fill the fuel tanks today, been holding off waiting for some kind of correction but I think I have my answer. Are you thinking up or down with grain prices ?. As to fuel, I was very wary going into the winter as the on going issues with the never ending push for war and had my tanks filled such as they are just before year end. Fuel did not go leaping up after that but had been creeping up some, have not asked the retailer lately what the current price is but with all the carbon crap tax increase and so on the price at the pumps in town sure has gone up. |
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Post by kenmb on Apr 13, 2024 8:10:02 GMT -6
Lots going on, as usual the world news gets unsettling just before a weekend.
The US wants to sell over $1T more of debt. Let's take the position of everything is legitimate and entities must earn their wealth to buy things and there really is oversight and enforcement. Selling more and more debt means more and more buyers. Presumably these buyers are the smart people because they earned their wealth and did well. With the US government pushing massive debt expansion and devaluing the currency, then which of the smart people are going to buy this debt at say 4%? No one - is the correct answer. Maybe 7% they will, maybe not. Now these smart people also have to weigh the "news" that the smartest group in the US - the Federal Reserve Board - says they will cut rates. Now the smart people who are buying US debt have to weight massive debt expansion plus rate cuts before deciding if they take US debt at 4% or lower. Odds of that happening are pretty slim.
Luckily many entities operating in the financial world don't have to earn their wealth, they just print it. So many may buy US debt. What is interesting is right now those entities aren't. It seems like the system is actually operating in a legitimate manner.
If the world continues on its current trajectory it seems to me the $us is heading to where it belongs which is histories dust bin. Because right now it seems as though some things are working the way it should. It can all change if banks declare a "crisis" and the entities controlling things pickup their marbles and go home leaving us with the destruction. But let's say we are transitioning from a corrupt system to one with some checks and balances.
If we are transitioning I can see the $us loosing ground, becoming more devalued. That means higher grain prices. People are unloading $us for assets. Grain is an asset, so are precious metals. Trade dollars for assets.
We watch the next few weeks for markets that are green for tangible things and red for financialized things.
Could be nothing, but seems to me some curious things going on last few weeks. Not just the usual stuff from our governments that is a total farce. Yes, some people still think we have a legitimate system of government who is trying really hard to serve its citizens. Same with the monetary system, and financial markets (including grain futures trading). There are people who think that the systems put in place are the best darn systems to provide fair and equitable trading of goods. See it for what it is, not what you are told it is, then watch.
It's not just Trudeau or members of the Liberal party, it's the system of government also. But that's another story.
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Post by kenmb on May 3, 2024 10:16:40 GMT -6
Lots of green in markets today, metals down a bit from highs last month but that usually happens as such things don't go always up, the system won't allow it.
Seems the reaction is based on the outlook that the economy sucks and so everything responds as if the economy is great. So it is in whacky world.
Stocks and commodities are up based on the presumption that this means rate cuts to goose things again. Rate cuts mean more currency pumped into the system, that means more currency available to buy the same units, so each unit sees a higher currency cost.
Time will tell what the "experts" who set interest rates actually do. Probably not going lower but who knows, we may see a 0.5% rate cut just to create some confusion and smoke for the central planner to say they "tried everything" to save the economy (and smooth over the fact they destroyed it over the last 20 years), however stagflation is still likely to be a real thing and we still are likely to see us dollars being unloaded around the world. I suppose a rate cut would likely see a stampede of USD being unloaded as holders consider how much less those dollars will buy if they hold them longer.
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