Our Dow/Gold ratio tells us that stocks have a long way to climb down. The ratio is usually around 10. Now, it’s 16.5. Stocks will have to lose about 40% of their value to get down to the average.
At some point, the government simply creates "money" without bothering to record, anchor, secure it with "debt". In other words, it forsakes the travesty of the balance sheet. Then, it's over quickly, if not mercifully. Then we can learn the really important thing: what form does our inevitable political restart take? To "survive" the coming mess, you will need two things: hard assets in whatever form AND the ability to retain possession of those assets throughout and ongoing. If you don't have both of those things, then it doesn't matter what you do, now or ever. Best always. PM
no sadly it's never over until it is .. but none of the modern examples Rhodesia/Zimbabwe was once the richest country in Africa producing enough to feed the entire population .. today they are still struggling to come to grips with a plethora of social issues that were all not visible until the prosperity disappeared .. now they are trying to solve All the problems at once and the financial one has not improved in 40 years because of those racist colonial bastards who only wanted profit and supposedly had no interest in building infrastructure like hospitals road bridges railroads etc etc .. sort of like America which was once the envy of world but now it's infrastructure is crumbling back into dust like all people who love to hate their own prosperity and are always trying to FIX everything up .. for the worse!
▫️ Early on April 30, 1968, police arrested nearly 700 student protesters who had occupied buildings at Columbia, including Hamilton Hall. Fifty-six years later to the day, pro-Palestinian activists took over the same building.
▫️ April 30th was the 32nd anniversary of the LA riots
When the riots ended after six days
▫️63 people had been killed,
▫️2,383 had been injured,
▫️thousands of arrests,
▫️1,100 to 1,200 buildings damaged at a
▫️cost of ~ $1 billion.
▫️One of the most-devastating civil disruptions in American history.
same here 46 years out of tinsel town but guess what ? the place we moved to spent all their spare moments admiring and worshiping tinsel town and low and behold we now have equally degenerate cities in Sydney Melbourne Brisbane and other wll on the way .. stupidity greed and corruption are catching, just watch enough US television/Propaganda and you'll understand why the desperate are all still clamoring to get into the crumbling empire of stupidity greed and corruption ..
I was an otr trucker on my 1st trip to socal, had no idea what was going on cuz no one would give me a straight answer on why downtown was on fire. Got the heck out of there and found out what was happening when I picked up a newspaper the next morning in vegas.
yes and exactly when we applied for a resident visa to Australia .. we thought it would happen then ie sooner but it's taken all these years to get close to the collapse that has to come before a rebuild can commence .. please let it happen this time oh master of the universe !
Bill great picture of an idiot climber who has his helmet strapped to his pack as he's climbing up ..?
why would you be so stupid and not put your helmet on in case of a fall ? perhaps that is exactly how the economy is positioned ? everyone is starting to climb to higher/safer ground but forgot to consider what they are actually trying to get away from ? there will be NO Escape from this Collapse no matter how high you think you can climb .. the financial tsunami will flood the entire financial world .. but you might want to build a financial Boat/Ark to survive the deluge ..
I don't seem to hear much about the historical idea that when a country has money problems they try to solve it thru war? I'm thinking a world war would be an ideal reset for the US currency and society... Just trying to understand why the ME and Ukraine wars are deliberately aggravated and extended instead of the US being a peacemaker?
And I suspect that WW3 will be a doozy, with countries backed into a corner nukes will be their only option.
Mr. L, When the cocooned suburbs are hit in a major negative way via suburbanite jobs disappearing in large numbers, then, in my humble opinion, we shall see about WWIII happening within the domestic U.S. These campus radicals, for example, seem to act up strictly in U.S. third-world cities. Almost all these demonstrations are on campuses located in the cities, not in the suburbs. In 2020, when BLM and Antifa acted up, they did so in the cities, not the suburbs where elections are decided. So I think these radicals are more leftist propagandists than true revolutionaries because I would think a true revolutionary would want more than anything to wake up (with their message) the people who decide elections by blocking major airport entrances/exits preventing mostly suburbanites from flying; and, blocking entrances/exits at Walmarts, Krogers, Targets, Costcos, Albertsons, etc. in the suburbs. But then the Dems would easily lose the WH and both houses of Congress. So these radicals seem very selective about where they want to be radical.
The suburbs are obviously sacrosanct. Visit just about any U.S. suburb this century, and except for short periods in 2008-2009 and 2020, which caused some anxiety, there has been peace and tranquility right up to present day, with plenty of jobs---of course, increasingly maintained by enormous outlays of debt propping up those jobs.
Spot on Frank, except with the BLM and suburbs thing. Wherever there was an opportunity to protest, riot and loot, it happened in Every black community, even the suburbs. Welfare is communism and was created by the same progressives that we battle today. Now they have an army behind them due to the communist culture they created. A culture that now has incredible power and influence. A culture which can do anything against our country and get away with it in the name of racism. Backed and supported by a highly corrupted progressive government, media and education system. We are witnessing how a corrupted education system can poison the minds of an entire culture, just by watching the university white children back and support an ideal, religion and culture that calls for the extermination of their own, yet blindly follow…wait until these useful idiots are unleashed when Trump wins the presidency….This is what you must prepare for my friend. Problem, Reaction and Solution all in one move…Check Mate 🤔
Looking forward to tomorrow’s insights regarding Mr Bonner’s teaser: We’re special, aren’t we? We’re the indispensable nation, no? The normal rules don’t apply to us, do they? Tomorrow... we’ll try to figure out why policymakers seem to be aiming for chaos.
Meanwhile, a trip down memory lane here - https://tinyurl.com/4mp3pwn6 - Overthrowing other people's governments: The Master List By William Blum
Ha ha ha, not sure how much the US was involved in overthrowing the Whitlam Gov in 1975 but thanks heaps anyway. His Government was the beginning of Australia's downfall but it was too late, the damage was already done. And look at us now, the most Woke in the World!
THANKS BILL, YOU GUVE US ALL THE METRICS TO LOG OUR STEADY DESCENT TO BANKRUPCY./ YOY TOLD US IN P;AIN ENGLISH IN YOUR OFFERINF OF APRIL 8, 2024, WE WILL REACH A TIPPING POINT DURING THE NEXT 4 YEARS,. WE MUDT EELECT A PRESIDENT WHO WILL REVERSE DEFICIT SPENDING ---NOW---ALL EXCUSES ASIDE. WE MUST REVERSE OUR COURSE---REVERSE DEFICIT SPENDING NOW
AND ON THE WW3 FRONT. WE MUST STOP IT IN ITS TRACKS. ARE YOU REALLY GOING TO SIT THERE ON YOUR CMFY OLD RETIRED DUFFS AND WHINE AND BLATHER WJILE WAR NONGERIG SOCI8O CON US INTO ANOTHER MEAT GRINDER INCIBERAT9R WAR . DO YOU REALLY WANT TO ALLOW THESE SOCIOPATHIC WAR MONGERS TO MARCH YOUR IKBS AND GRANDKIDS TO THIS EVIL BLOOD SACRIFICE. DO YOU REALLY WANT IT ON YOR CONSICIENCE THAT YOU SAT I IDLY AS OUR LAMFS WERE JED TO SLAUGHTER? RISE UP. AWAKJEN N OUR YOUTH TO THE REAL TRUTH. CUIDE THEM TO ELECT A REAL PRESIDENT;
The inflation, resulting from Lyndon Johnson's "guns and butter" spending, preceded the presidency of Richard Nixon, who did not initiate the inflation. Prior to closing the gold window there were frequent reports in the news magazines at the time about the French buying American gold at a substantial and increasing discount, the spot price of gold in dollars having climbed higher than the fixed gold exchange rate that the French paid to buy American gold. The French were building their gold reserves at a substantial discount, or alternatively, were making arbitrage profits off the hapless Americans. To prevent a massive loss of American gold, Nixon had to close the gold window.
This is maybe more for Dan D but any of you can answer. Do you have a recommendation for a mutual fund or other Company that is a good holding for gold without actually owning/storing the bullion outright? -other than mining stocks. Something we can switch to in our IRA's?
What is a realistic %age of citizens who will be walking around like zombies after the fall? Do we think we know how long the fall will take? Where will the causal elites emigrate as it falls?
“…who will be walking around like zombies…” maybe others will comment.
Perhaps a 🔎clue 🔍 1/1000th Troy oz of .999 pure silver folding money? Humph.
This morning, I received an email from JM Bullion subject line stating:
NEW ZOMBUCKS CURRENCY DROP: Silver Notes!
In the body of the email was this:
JM Bullion is excited to unveil the latest addition to our apocalypse-ready currency: Zombucks World Silver Notes! Each Silver Note contains 1/1000th Troy ounce of .999 pure silver and features a Zombucks World creature hunting for its next victim in a zombie-ridden landscape.
In this apocalyptic future, survival is the name of the game – and the only currency you can trust is Zombucks. Their value will skyrocket once humanity takes back what is rightfully theirs, so don't be caught without them! Add Zombucks World Silver Notes to your arsenal today, and watch for more Zombucks World Silver Note releases in the near future!
🤣😂🤣😂 too funny brother, I just ordered a couple of 10pks this morning. I’ve been collecting the gold back bills, and figured these will make a fun Halloween gift for fam and friends 😊
My barber really liked getting tips in $2 bills or Goldbacks. She moved on to becoming a flight attendant. Those following in her footsteps are wiser, willingly accept a pre-65 silver dollar.
For years I would buy roll of Kennedy half’s and silver dollars and quarter’s. Most of the time there would be one or two pre 64 in each roll. Stopped about 12 years ago when the banks wised up. Still have quite the collection 😊
As the Bob Dylan song lyrics portends, times they are a changin'
I was on a roadtrip a couple weeks ago. Stopped at a Five Guys. Ordered. Clerk told me the amount due. Pulled out my debit card, the clerk said, “oh, you’re using that.” My reply, “What alternatives do you have in mind?” The guy says, “American Silver Eagle”. My response, “Yea sure. And I get the difference in change in fiat monopoly confetti.” We both had a laugh
At some point, the government simply creates "money" without bothering to record, anchor, secure it with "debt". In other words, it forsakes the travesty of the balance sheet. Then, it's over quickly, if not mercifully. Then we can learn the really important thing: what form does our inevitable political restart take? To "survive" the coming mess, you will need two things: hard assets in whatever form AND the ability to retain possession of those assets throughout and ongoing. If you don't have both of those things, then it doesn't matter what you do, now or ever. Best always. PM
no sadly it's never over until it is .. but none of the modern examples Rhodesia/Zimbabwe was once the richest country in Africa producing enough to feed the entire population .. today they are still struggling to come to grips with a plethora of social issues that were all not visible until the prosperity disappeared .. now they are trying to solve All the problems at once and the financial one has not improved in 40 years because of those racist colonial bastards who only wanted profit and supposedly had no interest in building infrastructure like hospitals road bridges railroads etc etc .. sort of like America which was once the envy of world but now it's infrastructure is crumbling back into dust like all people who love to hate their own prosperity and are always trying to FIX everything up .. for the worse!
Perhaps the best piece of investment wisdom I ever received was this: “If everyone at the dance is ugly, there’s still dancing going on”.
But what if everyone at the dance has a broken leg, or two?
Yes it is pretty hard for a one legged man in an as# kicking competition!
As the saying goes " history may not repeat exactly , but it rhymes" . The game of patience!
Happy (belated) anniversary my fellow Americans.
▫️ Early on April 30, 1968, police arrested nearly 700 student protesters who had occupied buildings at Columbia, including Hamilton Hall. Fifty-six years later to the day, pro-Palestinian activists took over the same building.
▫️ April 30th was the 32nd anniversary of the LA riots
When the riots ended after six days
▫️63 people had been killed,
▫️2,383 had been injured,
▫️thousands of arrests,
▫️1,100 to 1,200 buildings damaged at a
▫️cost of ~ $1 billion.
▫️One of the most-devastating civil disruptions in American history.
Yup, remember it well. Took that as my invitation to leave the great state of California. I’ve been out 31 years now, and so happy I did.
same here 46 years out of tinsel town but guess what ? the place we moved to spent all their spare moments admiring and worshiping tinsel town and low and behold we now have equally degenerate cities in Sydney Melbourne Brisbane and other wll on the way .. stupidity greed and corruption are catching, just watch enough US television/Propaganda and you'll understand why the desperate are all still clamoring to get into the crumbling empire of stupidity greed and corruption ..
GF: Sad but true. I was working in L.A. when the riots happened. Very sad and scary time.
I was an otr trucker on my 1st trip to socal, had no idea what was going on cuz no one would give me a straight answer on why downtown was on fire. Got the heck out of there and found out what was happening when I picked up a newspaper the next morning in vegas.
yes and exactly when we applied for a resident visa to Australia .. we thought it would happen then ie sooner but it's taken all these years to get close to the collapse that has to come before a rebuild can commence .. please let it happen this time oh master of the universe !
“…oh master of…” could not successfully organize and execute a proper afternoon tea and biscuits that doesn’t cost $90 billion
Bill great picture of an idiot climber who has his helmet strapped to his pack as he's climbing up ..?
why would you be so stupid and not put your helmet on in case of a fall ? perhaps that is exactly how the economy is positioned ? everyone is starting to climb to higher/safer ground but forgot to consider what they are actually trying to get away from ? there will be NO Escape from this Collapse no matter how high you think you can climb .. the financial tsunami will flood the entire financial world .. but you might want to build a financial Boat/Ark to survive the deluge ..
I don't seem to hear much about the historical idea that when a country has money problems they try to solve it thru war? I'm thinking a world war would be an ideal reset for the US currency and society... Just trying to understand why the ME and Ukraine wars are deliberately aggravated and extended instead of the US being a peacemaker?
And I suspect that WW3 will be a doozy, with countries backed into a corner nukes will be their only option.
WWlll will be fought right here in the States. 300,000 Chinese illegals and 300,000 Chinese “students” the barbarians are through the gate 🤔
Mr. L, When the cocooned suburbs are hit in a major negative way via suburbanite jobs disappearing in large numbers, then, in my humble opinion, we shall see about WWIII happening within the domestic U.S. These campus radicals, for example, seem to act up strictly in U.S. third-world cities. Almost all these demonstrations are on campuses located in the cities, not in the suburbs. In 2020, when BLM and Antifa acted up, they did so in the cities, not the suburbs where elections are decided. So I think these radicals are more leftist propagandists than true revolutionaries because I would think a true revolutionary would want more than anything to wake up (with their message) the people who decide elections by blocking major airport entrances/exits preventing mostly suburbanites from flying; and, blocking entrances/exits at Walmarts, Krogers, Targets, Costcos, Albertsons, etc. in the suburbs. But then the Dems would easily lose the WH and both houses of Congress. So these radicals seem very selective about where they want to be radical.
The suburbs are obviously sacrosanct. Visit just about any U.S. suburb this century, and except for short periods in 2008-2009 and 2020, which caused some anxiety, there has been peace and tranquility right up to present day, with plenty of jobs---of course, increasingly maintained by enormous outlays of debt propping up those jobs.
Spot on Frank, except with the BLM and suburbs thing. Wherever there was an opportunity to protest, riot and loot, it happened in Every black community, even the suburbs. Welfare is communism and was created by the same progressives that we battle today. Now they have an army behind them due to the communist culture they created. A culture that now has incredible power and influence. A culture which can do anything against our country and get away with it in the name of racism. Backed and supported by a highly corrupted progressive government, media and education system. We are witnessing how a corrupted education system can poison the minds of an entire culture, just by watching the university white children back and support an ideal, religion and culture that calls for the extermination of their own, yet blindly follow…wait until these useful idiots are unleashed when Trump wins the presidency….This is what you must prepare for my friend. Problem, Reaction and Solution all in one move…Check Mate 🤔
Looking forward to tomorrow’s insights regarding Mr Bonner’s teaser: We’re special, aren’t we? We’re the indispensable nation, no? The normal rules don’t apply to us, do they? Tomorrow... we’ll try to figure out why policymakers seem to be aiming for chaos.
Meanwhile, a trip down memory lane here - https://tinyurl.com/4mp3pwn6 - Overthrowing other people's governments: The Master List By William Blum
Ha ha ha, not sure how much the US was involved in overthrowing the Whitlam Gov in 1975 but thanks heaps anyway. His Government was the beginning of Australia's downfall but it was too late, the damage was already done. And look at us now, the most Woke in the World!
PARDOM ALL CAPS, -- ALMOST BLIND
THANKS BILL, YOU GUVE US ALL THE METRICS TO LOG OUR STEADY DESCENT TO BANKRUPCY./ YOY TOLD US IN P;AIN ENGLISH IN YOUR OFFERINF OF APRIL 8, 2024, WE WILL REACH A TIPPING POINT DURING THE NEXT 4 YEARS,. WE MUDT EELECT A PRESIDENT WHO WILL REVERSE DEFICIT SPENDING ---NOW---ALL EXCUSES ASIDE. WE MUST REVERSE OUR COURSE---REVERSE DEFICIT SPENDING NOW
AND ON THE WW3 FRONT. WE MUST STOP IT IN ITS TRACKS. ARE YOU REALLY GOING TO SIT THERE ON YOUR CMFY OLD RETIRED DUFFS AND WHINE AND BLATHER WJILE WAR NONGERIG SOCI8O CON US INTO ANOTHER MEAT GRINDER INCIBERAT9R WAR . DO YOU REALLY WANT TO ALLOW THESE SOCIOPATHIC WAR MONGERS TO MARCH YOUR IKBS AND GRANDKIDS TO THIS EVIL BLOOD SACRIFICE. DO YOU REALLY WANT IT ON YOR CONSICIENCE THAT YOU SAT I IDLY AS OUR LAMFS WERE JED TO SLAUGHTER? RISE UP. AWAKJEN N OUR YOUTH TO THE REAL TRUTH. CUIDE THEM TO ELECT A REAL PRESIDENT;
Are there statistics and charts mapping the various economic indicators vs non-government (ie, private only) GDP?
The inflation, resulting from Lyndon Johnson's "guns and butter" spending, preceded the presidency of Richard Nixon, who did not initiate the inflation. Prior to closing the gold window there were frequent reports in the news magazines at the time about the French buying American gold at a substantial and increasing discount, the spot price of gold in dollars having climbed higher than the fixed gold exchange rate that the French paid to buy American gold. The French were building their gold reserves at a substantial discount, or alternatively, were making arbitrage profits off the hapless Americans. To prevent a massive loss of American gold, Nixon had to close the gold window.
This is maybe more for Dan D but any of you can answer. Do you have a recommendation for a mutual fund or other Company that is a good holding for gold without actually owning/storing the bullion outright? -other than mining stocks. Something we can switch to in our IRA's?
What is a realistic %age of citizens who will be walking around like zombies after the fall? Do we think we know how long the fall will take? Where will the causal elites emigrate as it falls?
Good one!
“…who will be walking around like zombies…” maybe others will comment.
Perhaps a 🔎clue 🔍 1/1000th Troy oz of .999 pure silver folding money? Humph.
This morning, I received an email from JM Bullion subject line stating:
NEW ZOMBUCKS CURRENCY DROP: Silver Notes!
In the body of the email was this:
JM Bullion is excited to unveil the latest addition to our apocalypse-ready currency: Zombucks World Silver Notes! Each Silver Note contains 1/1000th Troy ounce of .999 pure silver and features a Zombucks World creature hunting for its next victim in a zombie-ridden landscape.
In this apocalyptic future, survival is the name of the game – and the only currency you can trust is Zombucks. Their value will skyrocket once humanity takes back what is rightfully theirs, so don't be caught without them! Add Zombucks World Silver Notes to your arsenal today, and watch for more Zombucks World Silver Note releases in the near future!
🤣😂🤣😂 too funny brother, I just ordered a couple of 10pks this morning. I’ve been collecting the gold back bills, and figured these will make a fun Halloween gift for fam and friends 😊
My barber really liked getting tips in $2 bills or Goldbacks. She moved on to becoming a flight attendant. Those following in her footsteps are wiser, willingly accept a pre-65 silver dollar.
For years I would buy roll of Kennedy half’s and silver dollars and quarter’s. Most of the time there would be one or two pre 64 in each roll. Stopped about 12 years ago when the banks wised up. Still have quite the collection 😊
As the Bob Dylan song lyrics portends, times they are a changin'
I was on a roadtrip a couple weeks ago. Stopped at a Five Guys. Ordered. Clerk told me the amount due. Pulled out my debit card, the clerk said, “oh, you’re using that.” My reply, “What alternatives do you have in mind?” The guy says, “American Silver Eagle”. My response, “Yea sure. And I get the difference in change in fiat monopoly confetti.” We both had a laugh
Slow at first and then overnight.