Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Noam Chomsky: Unvaccinated Should Be ‘Isolated’ from Society
Famed MIT linguist professor and far-left activist Noam Chomsky believes that while people who refuse vaccines should be forced to inject one, they should still be “isolated” to protect the community.
I agree that a hyperinflation is also possible. If total loss in confidence of paper money, and there there is still lots of un-invested cash and credit available, on the side lines ready to drive stocks and real estate even higher?
I guess we can consider all the Bonds and CDs as cash on the sidelines in a panic to buy stocks and real estate as protection from inflation? They kinda been doing that. Will they do it harder-faster? 🙂 Another thought, if real estate starts crashing and mortgages stop getting paid, like ’08, that would be deflationary.
In the back of my mind reversal of of the Dollar’s past loss in value makes sense. The Dollar already lost about 95% of its original value since 1913. Is it really going to get any smaller? Either way, hyperinflation of deflation lets hope its a FAST transition like a fast moving thunder storm. And the sun comes out.
TPTB prefer inflation obviously, and HATE deflation. They would DIE if our money in your pockets cash on hand GAINED value without handing it over to big brother investing it. Think about new houses at $10,000 you can buy 10 for a $100k. That happened in Detroit already.
In my area back around 1980 you could buy a very decent house $25-$40k by selling a $1000 face value bag of junk silver. Silver was high and houses were cheap with 18% Mtgs.
Bottom line is that rates of any kind cannot go higher without striking any of our markets.
I suppose Japan was able to get away with it because of their savings rate. Not sure it can happen here because we are a nation of debtors, not savers.
We’ll see what happens.
Is that a breakout or something that will be hammered back down in the next few days?
Hoping we keep going higher but I’ve been fooled a hundred times before. We should be breaking out and up!- same with gold! JMHO
KOW
Sold half my WFRSF today for a good profit. Needed some cash and longer term I’d like to be out of West Africa.
What about corporate interest rates? A lot less manipulation in that space.
I agree that the US gov will fight tooth and nail to keep rates low on account of the govie debt.
I think there’s going to be very high or maybe hyperinflation happening. The stock market and real estate may go higher but only because the dollars are worth less. Dollars will be worth less vs gold and silver. Long term I think the value of the dollar will be destroyed.
This happens with every fiat currency eventually.
I kind of agree with Gartman about rates but simply because rates can’t go higher without crushing Gov’t. debt and the economy.
The catch is that the Fed will have to continue to buy the bonds to keep rates low. If that doesn’t happen then all bets are off.
You are exactly right, and logical, according to the past 1968 to 1982, 5% to 21% to protect the US Dollar that was falling after the gold backing depeg in 1971. The Dollar had a reputation as being as good as gold before 1971, so they logically wanted to restore the Dollars status and made it STRONGER. Remember the Strong Dollar Policy?? To make imports (and wages) cheaper to curb inflation numbers of the 1970s??
These days are very very very very different. The “US Dollar” has morphed into Stocks Bonds and Real Estate and THAT is what they are trying to protect, the new strange “unit of account” Stocks Bonds and Real Estate. If they FAIL? To support and maintain and prop up Stocks Bonds and Real Estate? And they FALL in value re paper USD with higher rates?
The paper USD would gain enormous value versus Stocks Bonds and Real Estate. It would be a contraction in the new modern fake “US Money Supply” and many people would feel poor, like we do during corrections. And a massive deflation would NOT hurt Gold at all, more than likely drive it higher out of necessity to restore the entire economy back to normal, real honest money.
They say all massive inflations’ end in deflation. We have had massive inflation after 1970 when new cars were $2500 and now $50,000, and a US Dopey/Dollar today is equal to 4 slices of bread.
What do you think of this crazy view of mine?
Maybe for a flip but longer term, bonds get killed by inflation and the higher interest rates it causes.
10 yr rate chart:
https://finance.yahoo.com/quote/%5ETNX?p=^TNX&.tsrc=fin-srch
Best rebounders on the month:
Spot AU + 5% $1720 to $1806 today
IAG + 34%
AU + 28%
BTG + 29%
PVG + 29%
EGO + 27%
NGD + 27%
NFGC + 26%
HMY + 26%
KGC + 23%
Spot AG + 14% $21.50 to $24.60 today
FSM + 27%
EXK + 24%
AXU + 24%
MAG + 19%
AG + 14%
HL + 14%
Note on a 6 mo chart, the best 1 mo rebounders UNDER performed spot gold, EXCEPT NFGC + 75% versus AU up 5% in 6 mos.
Gartman Says It’s Time To Turn Bullish On Bonds
https://www.zerohedge.com/markets/gartman-says-its-time-turn-bullish-bonds
That means, if USD and Bond rate did NOT go higher, Gold would probably be over $2000 at least. So we can can say Gold airspeed is going faster, adjusted for the head winds.
10 year rate 1.13% on 8/4 plus 43% higher today at 1.63%.
US Dollar Index 92 on 8/4 plus 2% higher today 93.8%.
Gold is the bottom line, the end game, the Dollar is tired and worn out.
Thanks igold! That is a very well written petition and one that has a place for me and every Canadian to sign; not just members of RCMP….So after reading the entire petition I signed….. and IMO every other Canadian citizen or resident should also read and sign it. There is no way a lie can ever be made into the truth, and the coercion and intimidation we have received proves this whole pandemic and vaccine mandate is and always has been a lie, IMO, or equivalent to a lie….. so to say and do nothing…or worse yet, to give in to the lie when you know it is a lie….is almost as great a lie as the original…..and that’s the Silverngold truth!!
Dorsey for sure one of the Public Enemies!
Captain, well I hope God will slap the crap out of the manipulators!
Ipso – almost hard to believe that anyone takes Dorsey seriously but if he’s helping us, that’s good enough for me.
Monarca Metals (ORAGF) is up nicely on good volume for them this am. Not seeing any news but that’s one of my lotto tickets.
So are we breaking out or is this just another head fake?
Jack Dorsey talking about hyperinflation coming probably isn’t hurting us.
I am seeing capitulation and selling of shares for no good reason and likely buying bitcon.
So their plan is working.
Frustrating.
God is coming in November.
Maybe he can slap some sense into these people (unlikely but maybe he can help PMs).
Cheers
Turkey Drains the Wholesale Silver Market
https://www.zerohedge.com/news/2021-10-25/turkey-drains-wholesale-silver-market
Turkey news is in the last segment.
Especially with the USD up a little. Rates on the 10 yr. are down though which surprises me.
We have a lot of resistance in here, both on the metals and the shares, so we’ll see what happens.
B2Gold Agrees to Sell Burkina Faso Projects to West African Resources
https://finance.yahoo.com/news/b2gold-agrees-sell-burkina-faso-122100969.html
New Found Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill Rigs
https://finance.yahoo.com/news/found-announces-doubling-drill-program-100000055.html
Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery
Idaho Champion Gold Completes 2021 Exploration Program at Champagne Gold Project
https://finance.yahoo.com/news/idaho-champion-gold-completes-2021-110000389.html
Great Bear Reports 95.2% to 99.2% Gold Recoveries in Preliminary LP Fault Metallurgical Tests – Gold is Free Milling and Readily Soluble at All Grades
Mayfair Gold Reports Significant High-Grade Gold Intercepts on the Footwall Zone at Fenn-Gib
https://finance.yahoo.com/news/mayfair-gold-reports-significant-high-120000728.html
Blackrock Announces Increase of Private Placement to C$7.0 Million
https://finance.yahoo.com/news/blackrock-announces-increase-private-placement-120000041.html
Globex Acquires Royalty on Large Quebec Land Package
https://finance.yahoo.com/news/globex-acquires-royalty-large-quebec-123000441.html
Opawica Increases Land Position at Little d’Espoir Lake Property Exploits Subzone, NL
https://finance.yahoo.com/news/opawica-increases-land-position-little-130154397.html
Artemis Files NI 43-101 Technical Report for Blackwater Feasibility Study
https://finance.yahoo.com/news/artemis-files-ni-43-101-113000808.html
