patrick.net

HeadSet says

GNL says

f every American just bought 2 ounces of silver per year, that would consume every available ounce mined in a year.

Back in the days of film cameras, people could easily use 2 oz of silver per year.

There are about 700 million ounces of silver produced per year, our population is 350 million now. If every human being buys just 2 ounces in the US (and they won't but some will buy much more) it brankrupts the system.

The coins we had were melted down and refined in the 60's and 70's and probably 80's.

I can't trust statistics, but IF I were to, we can trivially bankrupt our government. I've bought precious metals, it's a fucking hassle, they don't want you to do it - therefore you should do it. There's a lot of hurdles and you have to expose information, you can't just give a gold/silver dealer a few 1000 dollars and walk out.

Try it, see how regulated it is. Buy 2 grand of silver, although - I think you should wait, the price will go down - but if you have money to burn go ahead, see the headache you have to go through to purchase.

I bought decades ago, I'm clear. But now, I have the problem of how to sell. I have a bunch of contraband wealth, and I don't trust my evil government. We don't need some human being to observe us anymore, just an algorithm, and I've already had assholes from the FIB try to intimidate me, but I think that is from my posts on social media. I shook that cunt up, she had no idea what a criminal syndicate she worked for, and I do. Maybe she thought I was crazy, but I could reference everything. Once I was done, she was definitely shaking, almost crying - these stupid fucking animals have no idea what they are doing - but I still have compassion and sympathy for them. They're just brainwashed. You honestly have no idea what you support or what you are doing. I've told you, you ignore it. It's immensely frustrating, it's really like being a cow trying to explain that the slaughterhouse is death to the other cows.

"Well the farmer has always been nice". Yeah except for one day. I just see cattle around me. They aren't trying to kill you directly, not if you're in the system and helping them, but they kill your children and so on. I am in the frog in the boiling pot of water, you're not. I know it is heating up, you can't feel it.

PeopleUnited says

This belongs here: https://patrick.net/post/28862/?start=-39#last

Patrick says

richwicks says

There's a lot of hurdles and you have to expose information, you can't just give a gold/silver dealer a few 1000 dollars and walk out.

Actually, just walk into a pawn/gold/silver shop lay down a couple grand and walk out with a hundred ounces of silver. If you buy more than $2,000 you don't have to pay taxes.

If the shop owner asks for your ID or other info (they won't) just take your money to a different shop. The metal shops I know of are run by Libertarian types. They don't want to deal with bureaucratic bullshit.

Onvacation says

Actually, just walk into a pawn/gold/silver shop lay down a couple grand and walk out with a hundred ounces of silver. If you buy more than $2,000 you don't have to pay taxes.

More than a couple of grand these days for 100 - even without the premiums. Great tip though!

richwicks says

I'm doubtful of this. Why would a bunch of American oligarchs be on a ship from England to the United States?

GOOD question!

Patrick says

No, the Fed would have been the iceberg.

A classic Jekyll Island Documentary

(2 hr video at link)
https://x.com/RedpillDrifter/status/1759680379462799724

https://notthebee.com/article/the-chair-of-the-council-of-economic-advisers-for-president-biden-has-no-idea-how-bonds-work-

The chair of the Council of Economic Advisers for President Biden has no idea how money printing and bonds work...

Holy moly we are in for an absolute train wreck, aren't we?

Watch one of the president's top economic advisors try and explain how money works. ...

Patrick says

Both.

UkraineIsTotallyFucked says

Patrick says

Both.

No, dollars are worth less.

We reduce costs constantly.

https://www.coffeeandcovid.com/p/flaring-up-friday-may-17-2024-c-and

In a slightly more interesting related story, completely ignored by corporate media, Benzinga (a financial rag) ran a story yesterday headlined, “Marjorie Taylor Greene Ally Thomas Massie Introduces 'End The Fed' Bill To Abolish The US Central Bank: 'Americans Are Suffering Under Crippling Inflation’”



The bill — which while entertaining, is going nowhere, and will be completely submerged by government captured media — resulted from a poll Massie ran Tuesday on his Twitter/X page. The poll asked his 780,000 followers whether they thought the Congressman should propose a bill abolishing the Federal Reserve. An astounding 86.6% of the 115,000 voting said they wanted to “End the Fed,” while only 2.8% voted to preserve intact the controversial institution.

The bright side is that the conversation about the Federal Reserve’s utility or uselessness continues. By my quick research, it looks like Ron Paul filed similar Fed-ending bills in 1999 and 2013. So it appears Representative Massie is now carrying the torch of freedom.

Godspeed, Mr. Massie. You have my vote.

https://chrisbray.substack.com/p/marked-to-market

In other news, Major League Baseball has announced that each runner crossing home plate will be awarded three runs. This will make players more skilled, because they’ll score more runs. Baseball’s headed for record highs, Ted Lieu.

The size of the net money bin pile has gone back to roughly to where it was before the Covid Fraud-Election Fraud-Biden nightmare. The only problem is the spending power through inflation taxation is at least 30 percent less.

You're welcome, Ukraine (Israel?). Decaying infrastructure, declining social services, information terrorism and open borders was so worth it.

Patrick says

Patrick,
These are our lords and masters and actually they are frankly frauds and thieves.

We need to kick them out - the sooner, the better.

I don't think anyone will just leave a position where they can print everyone else into the poor house because of a few kicks..

.

The Federal Reserve policies contributed to the federal debt to GDP ratio reaching current level of 121, whereas it was around 106 right before the pandemic.

And I read using an AI application that about $660 billion was spent on federal debt service in 2023, compared to

$773 billion for the Pentagon
$887 billion for Medicaid
$302 billion for Veteran Affairs (about $151 billion of this went to VA disability and income security/pension payments)

I wonder how much in 2024 will go to federal debt service given that the "effective" or "average" interest rate for issued Treasuries has been steadily increasing since the Federal Reserve increased the Fed Funds rate from 0.25% (around spring 2022) to currently 5.5%, which is the highest its been since around 2001.

Wolfman at Wolf Street blog website has a recent and excellent article about federal debt compared to tax receipts.

.

Congressional Budget Office forecasts that federal debt service will reach about $870 billion for fiscal year 2024.

Hence debt service will be greater than the Pentagon budget for fiscal year 2024.

Compare that to $497 billion for fiscal year 2022 when interest rates were much lower (7 year Treasury avg was about 2.5% in 2022 compared to currently 4.5%).

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson

https://rudy.substack.com/p/we-did-it-all-over-again