Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...I forgot about Easter being a 3 day holiday, so I missed Jim Willie’s interview on TFMetals Report.
Anyhow, still some good stuff here, and Jim is pretty much on his points, not a lot of rambling.
https://www.tfmetalsreport.com/podcast/11497/hippity-hoppity-jackass-his-way
Wow quite educational. I had to read that a couple of times.At that time I was wondering how nurses can make it on their pay and wondering even more how people could make it on minimum wage.
I remember there was noticeable wage discrepancy between anything Union even if it didn’t require a education or particular skill like putting tires on a car in a assembly line was like hamburger flippers wanting 15 hr. The cost of their wages gets passed on to us in costs. They set themselves up to be competed with.
Just like the 60 thousand electric car with a 10 thousand dollar battery they want us to buy now.
You can bet someone some where is working on a cheaper model.
But nobody remembers.
Also I think a lot of the BS about inflation and the economy etc, is from people with fancy educations, that have to make it all sound very complex to justify, their big ticket salaries…the idea that inflation could be sourced to a simple 4 fold increase in Oil prices, insults their ego’s and terrifies them that their fancy jobs are at risk.
Cheers
You can observe the stocks that are using the money for their own personal income instead of putting it back into their business or trying to survive through the sell off. With the PM stocks it seems harder to do though but there still out there.
I bought a little more of another pm stock yesterday but I’m not fir sure if we hit bottom yet but just in case.
It has to be desperation, to get prices lower. The last time they used super high rates, this time the bozos are obviously using a high valued US Dollar. But every new fangled medicine they use has side effects. They are winging it. Day trading the global economy. Causing one problem after the next. And creating failing economy scape goats ahead of time, like Covid and now the war to take the blame.
Well, their fear and ability to raise taxes has to be waning, because they have simply been creating fake money out of this air and using it to keep people and businesses whole. Is Russia and China Japan Europe India et al doing the same thing??
I don’t know for sure but assume yes, the western bankers probably wanted other “members” to get in on it, and probably spread the increase fake money supply game method all over the planet. This way they ALL get in trouble at the same time.
However, if Russia and China are up to date on bills, with good taxing ability, then their currencies would out class the Dollar. The NWO global economy that started 1913, with good intentions, has evolved into a huge cargo ship of accumulated future problems that hit an iceberg on 9/11/01 by people that obviously negatively affected by Globalization. Note, they attacked the World Trade Center and the Pentagon.
Note: I am spreading disinformation for entertainment.
we sure fall hard. I can’t figure out the strength of the USD – never seen anything like it.
HUI 280 is the moment of truth, otherwise 265, 240 etc.
Looks like NEM is starting to lead.
Globalization put a headwind on inflation re artificially cheap import prices. Reversal? Higher prices. The western leaders have gotten stupid over the decades. And they passed that stupidity to millions of innocent people.
Lately in local news a place that prints newspapers was blockaded by global warming fossil fuel haters because the Media was not doing enough to promote their green “religion”. Poetic justice. The Media created these anti fuel whackos to start with. Also they have been calling the reversal of everything, de-globalization.
Its also amusing the new word they use referring anti establishment info they don’t like as Disinformation instead of my word, im-propaganda. And TPTB are the masters of that. Even the Germans in WW II were envious of western disinformation.
I’ll never forget the 1970s im-propaganda media telling my friends and relatives that “higher prices were caused by a wage price spiral.” “The United Auto Workers make too much money and ruining the country” “Globalization is good, the consumer will get better cheaper products” “we don’t want those dirty polluting factory jobs” “we don’t need the rust belt”.
And besides all that, if we define inflation as “Increasing the money supply”, THAT happened between 1934 and 1971. During the 1970s the Fed was REMOVING money supply with high interest rates. The higher prices of the 1970s, was the LAGGING result of increasing money supply between 1934 and 1971.
That was also the year ’71 they were forced to stop redeeming foreign owned US Dollars for US gold at $35/oz that was worth $140/oz. 1 oz of $34 gold backed dollars was equal 15 bbls of oil. One oz Silver was 1 bbl/oil, removing the gold standard DROPPED the Dollars value, so the Arabs needed more dollars to stay equal. Forget about that embargo crap disinformation.
Also note the coincidence, after we cut off giving away Gold and Silver to other countries in 1971, that started all the cheaper imports to get CPI numbers lower. The above is my view, gleaned by watching and I’ve said it a thousand times hear and on Vronskys place. But nobody remembers.
his stored trove of research exposing and documenting World Order plans of the global elite ‘disappeared’.
Now why am I not surprised by that statement…
‘Trilaterals Over Washington -Volumes one and two ‘ (a combined paperback is available)
and
‘Technocracy – the Hard Road to World Order’ , both by Patrick Wood . He posthumously credits his mentor Dr. Anthony Sutton as co-author of the first book (Trilaterals).
Sutton was a prolific writer , a college professor , etc. yet died virtually penniless . His volumes and volumes of research was stored in a rented storage facility . After his untimely death , his stored trove of research exposing and documenting World Order plans of the global elite ‘disappeared’.
Too bad we don’t have a way to play the Ruble or Russian SM thanks to the sanctions. Clearly though, someone big is in there swooping up assets.
I don’t think we in the west have a clue what’s happening in Ukraine or with the Russian economy. The media will not tell the truth no matter what it is.
Lundin Mining Announces Amendment to Increase and Extend Credit Facility
https://finance.yahoo.com/news/lundin-mining-announces-amendment-increase-210000083.html
Scorpio Gold – Debentures Matured
https://finance.yahoo.com/news/scorpio-gold-debentures-matured-210000035.html
Galantas Gold Provides Corporate Update
https://finance.yahoo.com/news/galantas-gold-provides-corporate-060000957.html
Benchmark Achieves 93% Gold Recovery and Confirms Strong Precious Metals Results Towards the Path to Gold and Silver Production
https://finance.yahoo.com/news/benchmark-achieves-93-gold-recovery-070500652.html
Azimut Delivers More Wide Gold Intercepts at Patwon
https://finance.yahoo.com/news/azimut-delivers-more-wide-gold-103000040.html
Mako Mining Provides Q1 2022 Production Results
https://finance.yahoo.com/news/mako-mining-provides-q1-2022-110000473.html
Eloro Resources Intersects 169.11 g Ag eq/t (64.30 g Ag/t, 0.96% Zn, 0.37% Pb and 0.07% Sn) over 235.55m to further Expand Higher Grade area to the North in the Eastern Part of the Santa Barbara Target at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
https://finance.yahoo.com/news/eloro-resources-intersects-169-11-110000178.html
Enduro Welcomes $8,760,000 Investment from Strategic Institutional Investor
https://finance.yahoo.com/news/enduro-welcomes-8-760-000-120000434.html
Fosterville South Reports High Grade Intersection of 2m at 174.42 g/t Gold, including 1m at 348 g/t Gold During Drilling at Reedy Creek
https://finance.yahoo.com/news/fosterville-south-reports-high-grade-120000267.html
Queensland Gold Hills Mobilizes Drill Rig and Collars First Hole of Inaugural Drill Program at the Big Hill Gold Property in Queensland, Australia
https://ceo.ca/@newsfile/queensland-gold-hills-mobilizes-drill-rig-and-collars
Viscount Mining/Centerra Gold Announces Drilling Has Commenced at Cherry Creek, Nevada
https://ceo.ca/@newsfile/viscount-miningcenterra-gold-announces-drilling-has
Silver Spruce Completes Geological Mapping on Priority Drill Targets, New Sampling Reports Au To 51.5 G/T, Ag To 2,270 G/T With Pb+Zn+Cu To 50.9 Wt.% At Diamante, Mexico
https://ceo.ca/@accesswire/silver-spruce-completes-geological-mapping-on-priority
ZACAPA RESOURCES ANNOUNCES RESULTS FROM INDUCED POLARIZATION GEOPHYSICAL SURVEY AT SOUTH BULLFROG, NEVADA
https://ceo.ca/@newswire/zacapa-resources-announces-results-from-induced-polarization
Sierra Madre Drilling Intersects 3.05 metres Grading 743 g/t AgEq & 4.5 metres Grading 402 g/t AgEq at the Tepic Project, Nararit, Mexico
https://ceo.ca/@accesswire/sierra-madre-drilling-intersects-305-metres-grading
Trillium Gold signs Amended Definitive Agreement for the Eastern Vision properties in Confederation Lake
https://ceo.ca/@nasdaq/trillium-gold-signs-amended-definitive-agreement-for
Unigold Candelones project remains on-track for Q3 delivery of feasibility, ESIA and Exploitation Licence
https://ceo.ca/@nasdaq/unigold-candelones-project-remains-on-track-for-q3
Almaden Provides Corporate Update
https://ceo.ca/@nasdaq/almaden-provides-corporate-update
MAG Silver Reports First Quarter Production from Juanicipio
https://ceo.ca/@nasdaq/mag-silver-reports-first-quarter-production-from-juanicipio-a6523
MCEWEN MINING: Exploration Update for Fox Complex & Gold Bar
https://finance.yahoo.com/news/mcewen-mining-exploration-fox-complex-100000744.html
The Moscow SM is plus over 3 % today and bond rates are recovering fast…..but Ukraine is a total disaster for Russia. !!!!!!
It appears that Putin’s gambit is working.
Battle for $1900 continues. Hopefully we resolve to the upside.
Silver up a little, time for a bounce? USD up again, absolutely relentless.
Check me, but I read that the only currency rising against the USD is the Ruble?
Poland will have to come up with some Rubles if they want Russian oil. Despite all the huffing and puffing, I don’t see Europe being able to do without Russian oil.
Well said, and people have to learn to start asking questions and what their reps are going to do about it.
People can’t assume it was the same reasons as last time either.
Just what’s the alternative? They talk tech but don’t have the real and reliable, affordable alternatives.
They’re misrepresenting their tech push and going to push the country into a death spiral. In the meantime people are going to die of extreme heat and cold temperatures and go hungry.
The last time that happened was 08. Third world country’s were starving. Truckers were spending the majority of their income on gas and repairs. Food banks were running out of food.
This is all reckless abandon and gross mismanagement.
Where are they going to get the long term metals for their tech everything fit long term btw?
Tech was meant to be a tool not a rule, or to rule for that matter. They don’t even know what they’re talking about and don’t have the answers.
In California they’ve been pushing alternative energy for years and years. If it was so good, affordable and reliable why after all that time is it that it only provides 6 % of the demand. Meanwhile certain areas still suffer rolling power outs. Imagine if everyone went all electric.
The kicker is in the UK region they plan to raise prices again in winter. Like it’s no big deal.
Maybe that will make one of you come up with something lol so they can get their prize.
It’s kinda funny how some people in the city who managed to go off the grid but they didn’t like that kind. It had to come from their kind.
Makes you wonder if they know all this why are they still doing it less there getting something out of it.
Maybe Ukraine has some oil and gas to trade for all the supply’s and money they need since Biden admin is useless. Putin would probably target it though.
When Volker started raising rates inflation was well under way and the arguements as to why were all over the place….many said it was due to what they called WagePush inflation, where worker demands for higher wages caused it…..we can now see from afar that it was Opecs quadrupling of the Oil price that was the real cause….all the rest, such as WagePush etc were just side effects.
Debts were not a factor as such, debt was still considered bad news/risky and very lucky people lent money to Volker at @ 18 % for 30 years !!!! If u had too much debt, well u deserved what was coming.
Nor did u have governments trying to cause inflation, like now…where it has been constant for over 10 years vie QE aka money printing…..without much effect…but now u have oil prices exploding, driving energy costs, just like in the 70’s and even worse governments secretly colluding to make Fossil fuel prices 4 or 5 times recent prices, in order to make renewables look vaguely economic…..this has now triggered real inflation…..my electric bill is now up 250 % from last year and I have had good deals…
Farm input costs have gone mental, food prices are yet to reflect anything like the input costs, already around, ergo Food is going only one way …up……wage demand has yet to occur, so far price rises are being absorbed, but cannot be far off.
Basically the perfect inflationary storm is brewing, but this time we have debt mountains that are beyond comprehension and a Woke World, that will not allow any pain/hardship, neither of which allow the kind of solution Volker used…..if that ain’t a recipe for hyperinflation, then what is.????
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For some reason I can’t see the Demos wanting the market crashing during the elections. Less they’re stuck on stupid.
I could be wrong but the Fed might want to get the damage done earlier despite commodity shortages then loosen up before Nov.
Re hasn’t raised yet and falling apart……Yes but where is the money going?
They’re pricing it in lol Going to cash on those real good interest rates. When Paul Volcker was in office they didn’t have the virus and as far as I know, didn’t have the spending of these lefties, Wall Street wasn’t competing with first time home owners pricing them out then offering to rent to them at higher rents. As far as I know weren’t lying about the real inflation numbers to get out of paying SS.
I remember the fit they had when Trump lowered taxes for the middle class. They couldn’t stand the thought that people keep their own money. Pelosi looked like she was going to melt. This is all about them.
