patrick.net

All valid, but real physical silver as currency would be better.

NuttBoxer says

Are you guys really assuming that figure was physical paper?

No. Only you are assuming what we are assuming

Still doesn't prove there are 27 trillion of them in circulation.

Would that mean kiddie porn scum, human traffickers and drug smugglers get away with their shit?

YES

After you say I'm assuming

NuttBoxer says

Are you guys really assuming that figure was physical paper?

No. Only you are assuming what we are assuming.

you refuse to assign a value to very obvious const variable you've declared

NO. You not stopping those people allows them to get away with it.

NuttBoxer says

NO. You not stopping those people allows them to get away with it.

The US government allowed Jeffrey Epstein to run a child rape ring for years.

They're not even trying to stop it, they're trying to monopolize it. They're criminals.

There are people right now that make honey traps for child sexual predators, arrange a meetup, and the police do nothing once the person is located and found. Recently, some groups have taken more serious action, like beating the perpetrator to a pulp instead of just recording them.

All valid, but real physical silver as currency would be better.

Patrick says

All valid, but real physical silver as currency would be better.

yep.

If you don't hold it, you don't own it.

The easiest and time proven way to get a Reset on unpayable government debt is hyperinflation. Hyperinflation will destroy a person's mortgage debt but make up for it with unpayable high taxes.

whats are the implications for those who own Silver Trust (ticker: SLV) ?

whats are the implications for those who own Silver Trust (ticker: SLV) ?

If you don't hold it, you don't own it.

Rate cut? (I don't think so unless maybe jobless numbers radically rise but others here think Powell is Biden's butt boy...)

The market will perceive this as a rate cut

For those that have been paying attention to my ramblings, the Fed is gonna reduce then eliminate QT over the next 5 months or so. They are running up against a hard limit as to how far they can reduce their balance sheet.

The market will perceive this as a rate cut. Then the Fed will start to cut the rate itself.

The Fed/Federal government has to prop up capital gains so that taxes flow freely into the Blue State coffers. If they don't some state/city checks are gonna start bouncing.

The folks who get the big gains are going to file their Quarterlies, just like they always do.

I'm still betting they will stuff California pensions with State IOUs, while selling off anything they can for cash today.

What can they sell off ? what state owned property ? I'm not sure how much they can borrow or finance through bonds.

yeah, I can see they "borrow" from CALPERS using that scheme

Inflation seems to be the plan to get out of sovereign debt.

I think planned financial collapse and forced onto CBDC instead. The inflation is just the icing on the cake.

If you say so, Patrick.

If you say so, Patrick.

My grandpa retired from the shipyard in the early 1970's. His pension was $1500 month.

Did they increase his pension by 3.5% a year on average ?

Federal Reserve Refuses to Provide Records of Foreign Gold Holdings

Weeks after Federal Reserve Chairman Jerome Powell evaded a sitting congressman’s questions about the central bank’s foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for records about such holdings.

The Federal Reserve’s lack of transparency comes amidst reports that countries are removing their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine. According to a 2023 Invesco survey, a “substantial percentage” of central banks expressed concern about how the U.S. and its allies froze nearly half of Russia’s $650 billion gold and forex reserves.

Rep. Alex Mooney, R-W.Va., asked Powell about the matter in a December letter, only to have the Fed chair respond last month with evasive non-answers, telling him that the Federal Reserve does not own gold but holds it as a custodian for other entities—a fact that the congressman presumably already knew.

Price Inflation Comes from Government, not from “Excuseflation” or “Greedflation” ...

The fault of inflation is not in business “monopoly,” or in union agitation, or in the hunches of speculators, or in the “greediness” of consumers; the fault is in the legalized counterfeiting operations of the government itself. For the government is the only institution in society with the power to counterfeit — to create new money. So long as it continues to use that power, we will continue to suffer from inflation, even unto a runaway inflation that will utterly destroy the currency.

Inflation, or whatever you want to call it, is nothing more than government taxation in stealth form. Only the government can conjure up new money from nothing, using it to bid away resources from private individuals.

For the government is the only institution in society with the power to counterfeit — to create new money.