Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...should do about Israel and Jews in general?
I assume u are aware that all countries spy on friend and foe alike-Especially the U.S. as revealed by Snowden-Merkels cell phone, fer instance.
But still…the planet earth would be a paradise if only the jews weren’t around…right?
Did I make it through all the hoops? Did I miss anything? Great music yesterday Winedoc!
part:
By 1971, as America’s trade deficits increased and its domestic spending soared, the perceived economic stability of Washington was being publicly challenged by many nations around the globe. Foreign nations could sense the severe economic difficulties mounting in Washington as the United States was under financial pressure at home and abroad. According to most estimates, the Vietnam War had a price tag in excess of $200 billion. This mounting debt, plus other debts incurred through a series of poor fiscal and monetary policies, was highly problematic given America’s global monetary role.
But it was not America’s financial issues that most concerned the international economic community. Instead, it was the growing imbalance of U.S. gold reserves to debt levels that was most alarming.
Basically, the United States had accumulated large amounts of new debts but did not have the money to pay for them. Making matters worse, U.S. gold reserves were at all-time lows as nation upon nation began requesting gold in exchange for their dollar holdings. It was almost as if foreign nations could see the writing on the wall for the end of the Bretton Woods arrangement.
http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/
Comment: We paid for WWII Korea and Vietnam and a moon landing all for global benefit, and then lost half our gold supplies to the people we helped that were redeeming the dollars for gold.
just so you know – or maybe you already knew
the Sting song Fields of Gold is one of augirl’s fav’s
When the Empire finally fails, all those nations that think they are holding gold or the paper equivalent in NY can kiss it goodbye. There will be a default/debt jubilee that wipes out 17-20 trillion US debt. Heck look at Russia now, default 1998, clean slate and combined with the other BRICS, more economically powerful/stable than the EU or US. TPTB are jealous and caged…a bad situation.
A default isn’t much different than Nixon Aug 15, 1971…they will get on with it when forced. In the meantime TPTB will hold onto the status quo ALAP
The Petrodollar is on its last gasp and TPTB know it, just like the rest of us dummies.
When a new reserve currency takes hold, the US still has the most gold and biggest gun, assuming planet Earth doesn’t vaporize.
DJmm tip of the transmitter to Farmboy..but when I googled Sting, I got something not as old as him…Fits though!
notice how the last down in the sm took us below the neutral line – something that had not happened for many months
notice how now again it looks like we are headed below the neutral line – when we start staying below that line as we stayed above in the bull run
well game on
aurum
Gold and silver get hit in the access market, same old crap.
Forget how the pm shares rallied into the close, forget how G & S were firming up. It just never ends. What a joke.
Either something big is right around the corner or pm’s are finished ala 1981.
seem to say to me that there is a battle going on – where forces want to take the sm lower and forces want to take the pm’s higher but so far both are draws with their opposing sides
imo it is soon to get interesting
aurum
Evening Friends
Winedoc
The 5 dancing Israeli citizens celebrating the event that day:
er I meant, Dumbarse in Chief thought of me? I thought about it some and decided it was none of my business what he thought of me. Nor more than what a mule, or chicken, or a skunk thought of me. So I figured I should show my respect and grabbing a sheet of double quilted tissue I sat up at attention, raised my right hand in salute, touched the top of my right cheek, and then flushed. A man cant sit around all day wondering about such things.
Yeah, I know I aint right. But I aint that wrong often either. (grin)
Just for the record, I think you will end up in the green tomorrow by close. We are due for a little up Friday action. But I wouldn’t bet the farm on it, cause by Sunday nite ‘they’ will be back.
of the puzzle together. And knowing that I aint gonna be the one to do it. Not nearly smart enough. But my sniffer still works pretty good in spite of its overuse and abuse by all these Obama speeches. And things just don’t smell right to me. Glad I am not the only with with that opinion.
BTW, always enjoy reading your thoughts. Always gain a little bit more insight from them. Thanks for being a part of the Oasis.
Best, Farmboy (Who once was told I only had two brain cells and one of them had a knife and was chasing the other one around. I thought he was making a joke. Anymore, I’m not so sure. Not much of what I see these days makes much sense.)
Just implying that the commander in chief think you’re nothing but an expendable cracker! 🙂
Nice bit of short covering in MUX, GFI and ANV.
One of these days a late day rally in the miners is going to stick.
Check on that ” the Mkts just ain’t right”…..
Regarding Germany I reckon they were “told” if they continue down that path, then because we barely have any Gold left, the whole lot could come down…especially Deutsche bank, which is leveraged at 53 times German GDP.
By the way the people demanding the Gold back haven’t gone away, they are even more pissed off, but the media ain’t covering them… they still intend to get it back .
Put a picture of a Jackass right underneath my name? You trying to make up some Wanted poster on me? 🙂
Has good support at $18.00 on the weekly. I added a little to my car parts stack today. If silver gets closer to $18.00, I will add some more. Not a great deal of dry powder left so trying to get the best bang available.
The usdxis beginning to look a little tired but I’m still not ready yo short it.
rno
a strong close in the miners. What’s it all mean??
Silver is ridiculously cheap. A bounce on the way??
Lately I’m seeing full page adds again “Coins and Jewelry Wanted”. My guess is not enough getting turned in lately.
http://finance.yahoo.com/q/bc?s=SLCA&t=1m&l=on&z=l&q=l&c=hclp%2Clng%2Cemes
I just sat down with a sandwich, and I’m looking for something to read. C’mon.
Never mind, I just refreshed and see some stuff.
It’s going to take institutions to turn the pm ship around at this point. Most of even the most hardened goldbugs are gone and lost forever, never to return.
Funny though, that’s the way it always works, the big money slaughters the small money.
Everything pm is ridiculously cheap. We’ll see if it’s cheap enough soon.
BTW – that Farmboy is one smart cracker. I’d say cookie but he’s a cracker!
