Yep sounds about right from what I hear him saying. First a massive rise in inflation with the stock markets crashing world wide, then a great depression following it. To all those who weather it, it will be like back in the 1950's when gas was .20 a gallon and milk was .80 but you will be able to buy it in that day making 1.55 an hour. Save every penny you can and pay off everything you owe. If your a billionaire today you will more than quad-triple your buying power. If you can amass just 10,000 dollars across the next year you can buy a house for 3,500.00 and a new car for 1,500.00 and a six pack of cokes for .40. If your broke when the depression comes you will be just as broke as today. https://fiftiesweb.com/pop/prices-1950/
The Greatest depression is coming, are you ready?
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Hopium for the masses.
And rather than admit they were ,they will defend their choices, based on propaganda and false promises, with more ferocity.
#Losing
Acts 9:5
"Who said: Who art thou, Lord? And he: I am Jesus whom thou persecutest. It is hard for thee to kick against the goad.
He lifted this from something Pashur said, he called Jeremiah Magormissabib In Jeremiah 20:3
That is "terror on every side".
I wouldn't get too excited.
Large scale structural reforms take years to obtain positive results.
Tariffs need to ramp up first, then cessation of income tax.
Job reshoring will happen relatively quickly. A year or so and then BOOM.....large scale employment brough back to the USA.
Its very early.
Also, if they go ahead with this gold-backed UST idea, the rest of the world will suffer massive losses and sovereign defaults.
Trump is taking first mover advantage. Its definitely the way to go. Fight the war on your terms.
Cease income tax, sure for the top 1%, oh that is right, they do not pay any income tax.
Reshore jobs? I wonder who will pay three times as much for an iPhone?
I am sure they will do whatever is takes to preserve their hegemony, but when they are done it will not be a constitutional republic based on democratic principles, it will be a oligarchy in full view and they (the silicon geeks) have written about this for at least 30 years.
They did after all buy this election, Musk bought Trump's victory and Theil bought Vance's victory.
In this video he keeps asking "why are they doing this" but he answers his question without saying it outright. This by itself should let you know how scary this video is.
He gives two basic reasons.
1. Gold is a tier 1 asset along with US dollars. So if you are not buying US debt your central bank still needs a tier 1 asset and this reveals they are moving from US dollars to gold. The thing is he is not talking about Russia, China or Brazil, he is talking about buyers in the US are moving from dollars to gold.
2. Second he keeps asking why the buyers are "standing for delivery" rather than just trading paper? Well that is always a response to instability. They may fear a world war or they may fear the collapse of the US dollar or the collapse of the silver and gold exchanges. Most likely any of those events would trigger the other two as well. So "all of the above" is the most plausible answer.
But then he really emphasizes the fact that we are looking at a short squeeze. He is a gold and silver trader. He says that if he has possession of 5 million ounces of gold in his vault he will also sell 5 million shares short on the exchange so that his position is net neutral. He doesn't care if the price goes up or down.
There are 380 ounces of silver that are sold on paper for every ounce in the vault. So think about that, the likelihood that this is a short squeeze is extremely high. Now suppose you manufacture electronics or solar panels or some other item where you use gold and silver. You are going to make sure you have enough already on hand in the event of a short squeeze.
Finally, the Fed and the US government are both large enough to pull off a short squeeze. I will follow up on this with a second post to explain why people don't try and pull a short squeeze on gold and silver.
Why is it is hard to do a short squeeze on gold and silver?
First, you have to take possession of the gold and silver. That means you have to have a vault that is large enough to safely store at least $1 trillion in gold. You don't need to store that much in silver, but since silver is around 1% of the cost of gold you would still need to have a really, really big vault.
Second, how many investors out there also can afford to have $1 trillion sit on the sidelines? Other than Warren Buffet and he has less than half that in cash, I don't know of any.
When you put both factors together you are left with a very small potential list.
1. The US government
2. The Fed
and
3. The major central banks in the US collectively. If the five major big banks in the US each took possession of $200 billion in gold and perhaps worked in tandem with some major investors to hold the gold on their behalf you could probably swing this but it would mean all of the elites (richest 0.1% of the US would know about it -- that is over 100,000 people in this country would be involved).
But then here is the third major problem with a short squeeze in gold or silver. What do you do with it? The minute you try to sell it you will flood the market and the price will come down. If you have a trillion dollars in gold and get the price to spike to $3 trillion what can you buy for $3 trillion? There is only one thing I can think of and that is US debt.
The US government and the Fed could use a short squeeze in gold to pay off debt. You buy $1 trillion, the price spikes to $3 trillion, you dump the entire $3 trillion on the market in exchange for 3 trillion of US debt. Then the price of gold plunges and you buy back $1 trillion of gold for a fraction of what you just sold the $3 trillion at. It is not totally absurd to say that Trump could pay off $12 trillion in US debt over the next four years.
The problem is that BRICS would be obliterated. The economies of China, Russia, India, South Africa, Brazil would all be destroyed. The impact would be apocalyptic.
First, you have to take possession of the gold and silver. That means you have to have a vault that is large enough to safely store at least $1 trillion in gold. You don't need to store that much in silver, but since silver is around 1% of the cost of gold you would still need to have a really, really big vault.
Second, how many investors out there also can afford to have $1 trillion sit on the sidelines? Other than Warren Buffet and he has less than half that in cash, I don't know of any.
When you put both factors together you are left with a very small potential list.
1. The US government
2. The Fed
and
3. The major central banks in the US collectively. If the five major big banks in the US each took possession of $200 billion in gold and perhaps worked in tandem with some major investors to hold the gold on their behalf you could probably swing this but it would mean all of the elites (richest 0.1% of the US would know about it -- that is over 100,000 people in this country would be involved).
But then here is the third major problem with a short squeeze in gold or silver. What do you do with it? The minute you try to sell it you will flood the market and the price will come down. If you have a trillion dollars in gold and get the price to spike to $3 trillion what can you buy for $3 trillion? There is only one thing I can think of and that is US debt.
The US government and the Fed could use a short squeeze in gold to pay off debt. You buy $1 trillion, the price spikes to $3 trillion, you dump the entire $3 trillion on the market in exchange for 3 trillion of US debt. Then the price of gold plunges and you buy back $1 trillion of gold for a fraction of what you just sold the $3 trillion at. It is not totally absurd to say that Trump could pay off $12 trillion in US debt over the next four years.
The problem is that BRICS would be obliterated. The economies of China, Russia, India, South Africa, Brazil would all be destroyed. The impact would be apocalyptic.
Years ago, in the sector I was in we were noticing the relatively extreme amounts of cash floating around looking for investment. For the past few years, we've been shown the indicators showing recession looming but not arriving as quickly and deeply as expected yet still coming. Coupled with all that's being done by this admin to stop the theft and unload the bloat and incompetence, it seems to some that the pain still has to come. When and how much are always the questions. But this time we may have an admin that is finally going to deal with the reality of the restructuring that needs to be done, and the new gleaming tower may need the old to be scraped so we can build on clean ground. I guess we'll see.
I think this time Trump realizes if he can have the recession come quickly they can still blame Biden and if they are in recovery mode by 2026 it won't hurt the midterms. He knows DOGE will bring pain but afterwards those people will get new jobs and the budget might be balanced and so by the midterms people will see a complete turnaround from Biden's failed policies.
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