The US is 35T in debt, budget wise but approx 150T in debt including promises (soc sec and medicare). That not counting private debt which is greater. GDP is 25T so if there is any solution I can't see it and haven't heard of it mentioned. But the bozos in Congress have the same solution, printing more money (inflation). Is there any other idea out there for what might support our savings our purchasing power?
Agreed. I think another tail wind for gold is when the BRICS announce their new somewhat gold backed currency to compete with the dollar. Alot of countries may flock to it to avoid having to hold depreciating US dollars for trade. Plus they will not be blackmailed by the USA by being blocked from the SWIFT system for settling trades in dollars.
April 01, 2022. The day that SHOULD live in Infamy. That is the day that moronJoey imposed the Russia Sanctions, thus showing the world that in addition to nothing but a worthless promise backing our "money', the dimocrat party (under the Flag of Authority) will ALSO steal whatever dollars you are foolish enough to invest in America.
Biden and his State Department were too stupid to even use a tiny bit of Critical Thinking/Logic and see the obvious results from their actions.
BRICS was a dream that went into overdrive after the Day of Infamy - now we will pay the price around the world and even more so here at home. Our Standard of Living has been effectively murdered - and the blame lies SQUARELY at the feet of the current political party in charge.
Hello Third-World S-Hole status. At least our unwelcome new cast of characters will fit right in...
Yeah, the Globalists can't have their One World Government nirvana if the U.S. Government retains its hegemony. The U.S. hegemony has to go and Biden and Harris will make that happen for their Globalist overlords. The real war is between the Globalists and the Nationalists. By the time our society realizes what's really going on their sovereignty will be gone. When I witness people making their election decisions based upon abortion and trans-gender rights, I'm completely convinced we're doomed. When future generations realize the epic mistake that was made, they'll have to shoot their way out of it if they still have their firearms. I'd like to see State secession movements head into high gear. Problem is; these Globalists are every bit as evil as Lincoln. Personally, I'm looking forward to it. Death is inevitable, but one can choose not to do it on his/her knees :-)
If the Brics currency is backed by gold and enough "significant" countries become members, inflation and dollar depreciation become synonymous. no matter what the Federal Reserve does. If not, I would love to hear the explanation of why not.
The premise. The fact however is that our goobers would raise terrifiers and restrict to the world's largest market against those who don't participate in the dollar. We have a turd in our pocket. We can get rid of it by cutting spending.Just a little bit per year And reducing taxes. I don't see the dollar going back to a metal Is back currency. I would like to see a Balanced budget amendment. If States can work witin balanced guidelines why can't we compell the wholesale in DC to do the same? Never thought it would come to this , but it's time for a convention of states perhaps.
What irritates me since a long time are these comparisons of the gold price development starting 1971 through the 1980´s with later rallies as this nominally huge growth had a starting point which was entirely artificial.
The 36 $ were a fixed price and there was no open and free market for gold to find it´s true market value.
Therefore I consider this benchmark as massively flawed and anything but a good guideline thinking forward.
Well, a nice ra, ra gold piece which, if we have read Bill's stuff for as long as I have, revognize tne at least one error that was stated. We know central bankers are dumb.
The US is 35T in debt, budget wise but approx 150T in debt including promises (soc sec and medicare). That not counting private debt which is greater. GDP is 25T so if there is any solution I can't see it and haven't heard of it mentioned. But the bozos in Congress have the same solution, printing more money (inflation). Is there any other idea out there for what might support our savings our purchasing power?
Agreed. I think another tail wind for gold is when the BRICS announce their new somewhat gold backed currency to compete with the dollar. Alot of countries may flock to it to avoid having to hold depreciating US dollars for trade. Plus they will not be blackmailed by the USA by being blocked from the SWIFT system for settling trades in dollars.
April 01, 2022. The day that SHOULD live in Infamy. That is the day that moronJoey imposed the Russia Sanctions, thus showing the world that in addition to nothing but a worthless promise backing our "money', the dimocrat party (under the Flag of Authority) will ALSO steal whatever dollars you are foolish enough to invest in America.
Biden and his State Department were too stupid to even use a tiny bit of Critical Thinking/Logic and see the obvious results from their actions.
BRICS was a dream that went into overdrive after the Day of Infamy - now we will pay the price around the world and even more so here at home. Our Standard of Living has been effectively murdered - and the blame lies SQUARELY at the feet of the current political party in charge.
Hello Third-World S-Hole status. At least our unwelcome new cast of characters will fit right in...
Yeah, the Globalists can't have their One World Government nirvana if the U.S. Government retains its hegemony. The U.S. hegemony has to go and Biden and Harris will make that happen for their Globalist overlords. The real war is between the Globalists and the Nationalists. By the time our society realizes what's really going on their sovereignty will be gone. When I witness people making their election decisions based upon abortion and trans-gender rights, I'm completely convinced we're doomed. When future generations realize the epic mistake that was made, they'll have to shoot their way out of it if they still have their firearms. I'd like to see State secession movements head into high gear. Problem is; these Globalists are every bit as evil as Lincoln. Personally, I'm looking forward to it. Death is inevitable, but one can choose not to do it on his/her knees :-)
My feelings exactly my brother.
Correction: SQUARELY at the feet of the political parties in charge.
If the Brics currency is backed by gold and enough "significant" countries become members, inflation and dollar depreciation become synonymous. no matter what the Federal Reserve does. If not, I would love to hear the explanation of why not.
I agree with.
The premise. The fact however is that our goobers would raise terrifiers and restrict to the world's largest market against those who don't participate in the dollar. We have a turd in our pocket. We can get rid of it by cutting spending.Just a little bit per year And reducing taxes. I don't see the dollar going back to a metal Is back currency. I would like to see a Balanced budget amendment. If States can work witin balanced guidelines why can't we compell the wholesale in DC to do the same? Never thought it would come to this , but it's time for a convention of states perhaps.
Bad transcription. WHORES in DC
Hey bill but I prefer pigs.
Slightly more than a quarter million dollars in that hand at today’s prices.
I always wanted the gold brick that Goldfinger dropped after golfing with James Bond.
Cannot be certain, that hand resembles Senator Bob Menendez’s.
Would have been in his underwear and shoes, too.
ROFL!
What irritates me since a long time are these comparisons of the gold price development starting 1971 through the 1980´s with later rallies as this nominally huge growth had a starting point which was entirely artificial.
The 36 $ were a fixed price and there was no open and free market for gold to find it´s true market value.
Therefore I consider this benchmark as massively flawed and anything but a good guideline thinking forward.
Opinions ?
There's rough going, and then there's ROUGH GOING.
Well, a nice ra, ra gold piece which, if we have read Bill's stuff for as long as I have, revognize tne at least one error that was stated. We know central bankers are dumb.
They are not dumb, They are evil creatures that are destroying us
You got it tom.
My apologies in advance for not researching through past episodes to know the answer.
Question: do Sprott PHYS, and PSLV belong on the official list (physical gold and silver shares) ?
Much appreciated. Keep up the great work which is exciting to read and enjoyable to implement.
“Buckle up Butter Cup,” I love it…
Thank you for the delightful, while informative, statements.