Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...If it goes lower, I will still be dollar cost averaging. Look at the prices of gold and silver on eBay. Some folks still pay for ananimity.
Aussie $ made a rpw up and waiting on buy execution. Usdx is highly overbought. Wheat is bottoming with the dollar up sharply.
rno
I agree with Jeff’s assessment. The last five years of my tenure as an educator, the administration would threaten the teachers. Not only was this done when all the teachers got together en-mass in the beginning of the school year, but also in re-education camps…er in-service workshops, individual school faculty meetings, and e-mails. The fear and threat factor demoralized the faculty; it was obvious to everyone, but we were powerless to do anything about it. I was shocked to find how many teachers were on meds. I left the profession.
Greg, WW3 had already started, the most obvious is the economic war. The war on many fronts, independent thinking, a real education, family, and morals and standards have already been lost to this covert, but sinister war. There are many casualties from this conflict, but few recognize it. People are brainwashed, but they think they are “enlightened.” What a negative difference from the 1950’s, an imperfect decade on its own.
It sounds ok to me Silverngold. They did something like that in 1934. The results? Then the $USD gets devalued, say by 75%, and overnight you take the hit and have to pay 75% more for Gold. And most other commodities. Then profits are possible to encourage production.
I have told, in the past to friends that complain about high food prices….Be happy the prices are high, because you will be able to GET food. Just have to pay more. Prices too low kills businesses. Including Gold mines.
Your scenario #2 is a good possibility if they manage to take the guns using something like this Ebola scare to accomplish it. Over 800 FEMA camps are already in place and ready for occupation.
What the hell happened to the testosterone levels in the American male?? It seems they no longer have a pair. Either that or they just have not gotten mad enough yet, but time is running short as the govt takes more and more liberties away. The United Nations Agenda 21 is being practiced covertly in more and more state and local governments. Property rights are disappearing along with all the other freedoms. If the dollar is devalued and property taxes raised they will own almost all the real estate again.
What I am seeing is a giant funnel into which, one by one and gradually in herds, the population is being pushed. First lower educational standards, then welfare, foodstamps, jobs disappearing, mortgage fraud and property repossession. Next dollar devaluation along with massive increases in basic necessities like food, fuel, electricity and that will account for most of the population …..and all the time the country (and the world) is being sprayed with chemtrails so that HAARP facilities around the world can create catastrophes like flood, drought, and hurricane, to further weaken the people both physically and financially. Add to that GMO foods,vaccinations, food toxins, and created illnesses like this Ebola virus and few will be left to need herding into that giant funnel.
Welcome to the End Times folks. These events were all recorded thousands of years ago and we are most certainly living to see them. Get right with your Creator, open your Bibles and read two primary books; Daniel and Revelations. There are so many of those prophesies being fulfilled today it is difficult or impossible to deny there is a God. IMO Silverngold
There is a good probability that they have sold off all their gold and are now selling gold they don’t own or have stolen. Obviously they know when they will run out and have to have a plan. I see two scenarios. One, like you say, a reset where the $ is devalued and the PMs are set free. With a new currency and a new printing press, they will be buyers as pm prices take off. Beaten down goldbugs will gladly sell as prices rise. A more ominous scenario is they are planning a jackboot take over with martial law. There will be no more freedoms left and no need for gold as we will be living in a completely planned economy. After 911 I believe these people are capable of trying anything. One thing for sure, whats going on now, can’t go on for much longer!
Close today at 1190.
Just curious and thinking out loud?
Sell all your gold and say you have $100,000 fiat US dollars!!
Put it in the bank or under the mattress!!
Then the $USD gets devalued, say by 75%, and overnight you take the hit and have $25,000 purchasing power left.
Or
Keep your gold.
And you have 100 oz gold that was selling for $1000 oz before devaluation of the $USD.
After devaluation it is still 100 oz selling for $4000 oz X 100 oz = $400,000 and maintained your original purchasing power.
I’m not the brightest bulb in the house, so,What am I figuring wrong here?? Anything?? Silverngold
not only are they silent but even BO… has blocked access to his email. .and any thing sent is referred to your own junk file as undeliverable… not only has BO gone silent but he is looking at pitch forks lol
I think he’s standing on a little stool! 🙂
“Don,t worry! we will never see $1600 again”
“There’s a huge floor under $1390, the Chinese are buying like crazy”
“There is massive buying at $1290, it wont stay there long”
One thing for sure, the powers that be have total control right now and there is no one stopping them!
those must be some very select short ladies Kim has around him in that photo, considering he’s practically a midget. Ha!
round and round she goes, where she stops nobody knows, 1180, 1050, 800? Who knows? The paper guys own it. They’ve won.
Harvey Organ says $10K gold in Dec. making an even bigger fool of himself than BoPo who charges $20K and says $2K by Dec.
I’ll say this, zero is where a lot of miners are going. If I were CEO of a respectable mining co. I’d refuse to sell gold or silver to anyone who sells to the US, Wall Street and the Crimex. If they’re not pissed about this they need to be fired.
Gartman says “owning gold in dollar terms is a terrible, terrible, terrible decision” he’s right for a change.
I hate this stuff.
Has Kim Jong-Un lost control of North Korea? Pyongyang is on lockdown and nation’s former intelligence officer says Kim has ALREADY been overthrown
is when there is blood in the streets.
does hemorrhagic fever – ebola count?
and all of their HFT friends just jump on board and slaughter us more and more. it feels like it will take years to recover if ever. A waste of time
the latest news on dallas and Utah ebola has not materialized.
Utah two days ago response was we should get the test back tomorrow now the hospital release . test are not known when they will be released
the testing should have been done yet no word on outcomes
keep this underwraps .the authoritys implure . do not scare the bejees out of the rift raff
gold lowest 1050.. probably stop at the 1150-1180 area but 1050 is the absolute low in my very humble opinion … that and a large 2 dollar bill gets a single shot Americano tall .. from your favorite coffee shop in town ..
then we have the move up.. when we may need for some time maybe in the mid 2015 time frame .. but it will bounce around from time to time until then .. wearing the gold watchers out
the algo driven frenzy of dollar paper will be short lived in my opinion .. the groans of elations will climb off the king sized bed of reality ….
Now employed at Jack in the Box.
hydro fracking .. and that will prove to be short lived as the pools of fracking oil fields have now shown to be way overstated and sometime as much as 90%..
the wells are getting less and less profitable .. soon to hit the mainstream .. maybe ..
the underground water all over the country with hydro-fracking
Just spoke to a farmer, they are worried about prices, they are already too low to make a decent profit.
The morons better turn off the Algo’s or no-one will be eating soon…..but they won’t, because 20 year old kids on Fall st need their Ferrari’s.
“if gold’s gonna go to $666 or $800 again….”
Obvious. HUI goes back to 35. No brainer. No production. No supply.
Bo’s email address now comes back undeliverable .. do you think his email box has been plummeted lol
probably a lot of feedback with yells of pitchforks
In the 40s 50s and 60s and partly into the ’70s, nobody needed credit cards, they paid cash mostly. Me produced all our own needs. There was a shortage of labor. Lots of required over time pay. People were well off. No medical insurance was needed.
BECAUSE we had WAGE inflation, then after that they started using foreign labor and more borrowing and spending from there future INCOME. The only hope for massive inflation would be nobody accepting dollars for payment.
There is no way to get too much money chasing too few goods. Mass production by robots that can work in the dark and cold.
