The Greatest depression is coming, are you ready?
- Thread starter ZNP
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
- Status
China was buying silver at $40.80 yesterday, two dollars higher than it sells for in the US. As a result there is an arbitrage opportunity, someone can buy silver in the US and sell it to China and in a single day make 5% on that transaction. In this way China can drain silver out of the Comex. This is a short squeeze taking place. It is significant that they began this as soon as our market closed for the weekend. There could be a run on the bank Monday morning.
I heard yesterday the ratio of physical silver to paper silver in the ETF contracts is somewhere around 350:1. Again, the market is fully primed for a short squeeze. $40 is the key resistance level. It is very reasonable to think that regardless of what the price is on the COMEX China will pay a $2 premium. If the ETFs begin going bankrupt you will see a bank run and a panic.
I heard yesterday the ratio of physical silver to paper silver in the ETF contracts is somewhere around 350:1. Again, the market is fully primed for a short squeeze. $40 is the key resistance level. It is very reasonable to think that regardless of what the price is on the COMEX China will pay a $2 premium. If the ETFs begin going bankrupt you will see a bank run and a panic.
Not really, usually the problem is the other way around. But I can understand why they are doing it. Online based payment is vulnerable, and credit cards takes some costly equipment which needs maintenance and the whole nine yards of things that are draining money from the business.
My own side hustles are all cash only…for a multitude of reasons lol.
I don't have any thoughts about her but I do have thoughts about that episode.
https://rumble.com/v6wpmyw-judy-she...lf-up-as-some-kind-of-e.html?e9s=src_v1_ucp_a
Judy Shelton: “I Think Jerome Powell Was Setting Himself Up As Some Kind Of Emperor.”
"The whole world is under the evil one".
This makes no sense, the vast majority of people on this globe do not intentionally worship Satan so why would they be under his dominion? This episode does a great job of showing how from the very first the United States was faced with this dilemma and chose to put themselves under the yoke of these central banks and creating a currency based on debt. My point is not that we shouldn't have done that, I agree with Hamilton that it had to be done. After all it does align with God's word that the whole world is under the evil one. We are all debtors, that is what a sinner is. We got saved by Jesus redeeming us, that is what salvation is. It should not be a surprise to the world that no one else has redeemed them. They have rejected the savior, do you really think anyone else would pay the price He did?
I used to think that everyone was deceived and unaware of bubbles in the economy prior to crashes. Since then I have learned a lot, bubbles popping are how most billionaires first got rich. Understanding the psychology of the masses allows you to manipulate them into bubbles. Sell high and buy low is how they get rich and the only way to do that is to convince the masses to buy high and sell low. The only way to do that is if they control all the mass media and public school.
However, the big shock to me was the Mortgage meltdown. I couldn't understand why they would drive their companies to bankruptcy? Then I found out, because they won't go bankrupt. Technically they aren't their companies, they are corporations, so the stock holders are the ones that lose money. Yes, a couple of the elite will have a large stake, but their friends will compensate them for giving them inside information so they can profit on the demise. Also, the government will bail them out. Nor will they go to jail. Why? Because they were able to blackmail the government with information about 911 being a false flag event so the government could get a blank check for drones, robots and training their AI army. Right now there is around 350 ounces of silver sold through ETFs for every ounce of silver they hold. This is a huge short squeeze and it is taking place and the graph of this makes it perfectly clear we are at the very launch of a really huge breakout. Why would these companies whose whole business is focused on silver be clueless that they are about to go bankrupt? The answer is they aren't. When they go bankrupt they'll simply declare bankruptcy, they don't lose money, the investors who thought they owned the 350 ounces of silver go bankrupt. Instead they have made money hand over fist for the last fifty years. It is like a rocket ship, the first stage launched them into orbit and then it gets ejected to crash back to earth. The ETFs are separate entities without any assets to bring down. It is a basic principle on Wall street to not buy what you sell. The idea is if what you are selling is good you will make money, if it goes belly up you can go to another job without losing anything.
In the movie "The Big Short" there were three firms highlighted that made money and the three firms had three different philosophies. One of them was based on human psychology not wanting to think about bad things so they undervalued the risk of loss making derivatives for shorts cheaper than they should be. The second was based on a guy who does the grunt work, reading through the phone book of holdings to calculate exactly what it is worth. The third was extremely cynical thinking everyone is a liar and their strategy was to figure out what the lie and what the scam is. Everyone should apply those three approaches to central banks.
1. These people aren't stupid. They understand precisely what is not sustainable and they have prepared for that. Like every other crash, 99% of the people lose and 1% get filthy rich. They are all planning on getting filthy rich.
2. They are well aware of mob mentality, they know that people are not happy when they learn they have been lied to and cheated. So they are prepared to go underground for a few months during "the purge". And no, they do not plan to defend themselves or their family from the mob, they will take the US army with them.
3. If at any time you think "nah, they wouldn't be that evil" then sorry, you are not cynical enough.
Let me give you an example of how great the thievery is.
The entire system is based on an annual 2-3% inflation being the average. This way you can renegotiate a wage increase of 10% after three years that goes into effect the fourth year and guess what, it isn't an increase it is a decrease and over the next five years it will be worse and worse.
The scam is to get people to become "employees" and in order to do that you need years and years in their indoctrination camps (universities). This allows business to be run by large multinational corporations that the 1% can run. If instead people started their own business it might be tough for the first generation, it will pay off in the second and the third generation will begin to be rich.
For example, this morning I went to the grocery store and as the cashier was ringing it up I asked her to try and keep it under $100. She laughed, it was obviously not going to be under $100 (it was $350) but when I was growing up my mom would buy more groceries than that for $100.
They have deceived the masses to think that the dollar is a standard measure of wealth, nothing could be further from the truth. Gold is the closest thing we have to a standard of wealth.
H
Howdy
Guest
My experience is just the opposite.
Have walked out of a few places because they would not except my cash.
A few years ago while traveling, we stopped at a restaurant to eat.
When we were finished and went to pay the tab, they said they did not take cash.
I said we have a problem then because all I have is cash.
They called the police, but when I pointed out they did not have a sign saying no cash, the police left.
They took my cash.
China is the worlds largest producer of solar panels and those of course require a lot of silver. On average they typically require 20 grams of silver. So China is constantly buying silver for their production. China also has a 13% VAT on silver this is essentially a consumption tax which makes silver more expensive along their production process.
The Yuan is also up against the dollar so far this year so these different factors are of course making silver more expensive on the Shanghai Metals Exchange. However, with the current trade dispute I think they at some point will begin to weaken the Yuan.
If you are going to replace the US fiat currency with a gold backed security you will need a lot of gold and silver. An ounce of gold might be worth $30,000 and so no one can afford to use gold, they will use silver which might be valued at $1,000 for an ounce.
I don't believe that is what is happening. I agree with your premise that if China was making such a move that they would be willing to pay more on the open market or spot market. As their intended plan according to your speculation is going to create a greater demand.
That is the problem though the demand on spot is the normal demand. I checked silver futures contracts because if they were really planning on getting their hands on all silver to back currency. They will not only want any silver already above ground and in circulation. They would also want future silver below ground and even be able to pay less of a price or set a know price for the future price of accumulation and delivery.
The demand has been the same with it's normal ebb's and flows. There was a uptick in demand of .05% for silver futures contracts as of this morning. However, analyst conclude that is due to industrial demand and hedging during tariff talks.
So I would agree silver would be the cheaper route to go to back currency. I am just not seeing any proof that is what they are doing since logically there would be a higher demand one that would show up on the Spot and Future's market.
Do you know what a short squeeze is?
Background on shorting
When I was a broker people needed to back up every dollar borrowed with at least a dollar of assets, so if you dip below that 50/50 you could get a margin call. For example, I buy 100k worth of stock but 50k is borrowed. If the Stock drops to 90k in value they will want you to pay off 5k of your loan so it is 45k to 45k. Often the only way someone can do that is by selling off the stock. But they have to sell off more than 5K worth of stock, so if the stock drops to 90 you have to sell of 10k, give the brokerage firm 10k, and now you have 80k worth of stock 40/40.
Investors make money on the way up and also on the way down. If you short a stock at 100 (you sell it) and then buy it back at 80 that is the same as buying it at 80 and selling it at 100. You get a 25% return on your money.
The problem with shorting a stock is what happens if your short it at 100 and it goes to 120? You are on the hook to buy this stock back and every time that stock ticks up the brokerage firm wants more capital from you. Let's say you shorted it at 100 50/50. Now that it has gone to 120 you can lose 20k and they need that potential loss "covered".
Compare that to Silver
Right now there are about 350 ounces of silver sold on ETF's (paper) for every ounce that the ETF is holding. Instead of 1:1 it is 350:1. How can they do this? Well most people don't want to take possession of silver, they would rather trade it. There are multiple reasons why, could be a short term hedge against inflation, could be to lock in a price for the silver if you are manufacturer, etc. But the bottom line is you don't need to take possession of 100% of silver to cause a run on the bank. In fact if you were to take possession of 0.3% of the silver there would be a run on the bank. That is in fact what has happened in London and the Comex is at an all time low in how much silver they have on hand for someone take possession of.
Now you can swap gold for silver. So if you want to travel under the radar you can accumulate gold just as the BRICS nations have and then in one fell swoop swap your gold for silver. The minute that the Comex and London cannot deliver silver there will be a run on the bank and all those people who thought they owned an ounce of silver will discover they don't. Prior to going bankrupt the ETFs will bid up the price of silver until they go belly up.
There are five main countries involved in BRICS and in reality ten countries that are major players in this new currency. They all have been accumulating silver. Before the short squeeze hits you want to be positioned in silver. You could easily drive up the price 10x and then swap that silver out for gold.
Historically the ratio in the price of Gold to silver is 1:15, one ounce of gold buys 15 ounces of silver. However, the US has kept the price of silver depressed because of these ETFs selling 350 paper ounces for every real ounce. Price is based on demand vs supply. They have inflated the supply and so now the ratio is 95:1, 95 ounces of silver buys 1 ounce of gold. This has made computers and electronics cheaper so that the masses can buy them.
Technical trading looks at the charts and although it is often not very clear what is going on, the chart of silver for the last 50 years has made a crystal clear "cup and handle" formation, the most bullish signal and it indicates silver is about to go sky high.
What we are seeing is a huge depletion of the silver being kept in vaults and the BRICS countries like India have been accumulating the most. We are watching a short squeeze and it will be the most incredible event you will probably ever see in your lifetime. When silver pops the only thing you can liken this to is Jesus flipping the tables of the money changers on them.
Yeah I am aware of a squeeze just a little different than a equities and your example. I was a currency trader for a number of years and our leverage back then was 5000 to 1. I believe nowadays most forex dealers only offer a 500 to 1. But yes well aware of a squeeze and being notified that you need to deposit more funds.
BRICS s a way off from truly being any threat. Anyway if you are correct on your speculation I am sure we will see proof or you will point it out as it is going down. I just see normal day to day going on you see otherwise. Time will tell.
There are 350 billion dollars in silver traded in ETFs on the US stock market. If we have a short squeeze 99.5% of that money will be lost. That is about ten times the losses on 911. As a result of the 35 billion in losses it ultimately led to as much as $2 trillion in losses. A short squeeze on Silver could be similar in scale or even bigger. If a false flag attack on the US, ten times larger than 911 were to trigger this huge spike in silver and all the bankruptcies that will follow it will bring down the entire US banking system.
- Status