The Greatest depression is coming, are you ready?
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US debt is now $37 trillion.
One explanation for the demand for gold is that central banks are buying it up because they have more debt than the law allows. The solution will be to revalue gold so that they have enough assets to back the debt. This will be true of everyone including the US.
If Gold trades at $3500 an ounce and you revalue it to $35,000 an ounce then you compare that to the debt which is still valued in US dollars. All of sudden you go from not having enough assets to having enough.
However, gold going up in value relative to the US dollar is exactly the same as the US dollar going down in value relative to gold.
It also means BRICS, a gold backed security will increase in value ten fold.
Now the stock market will become incredibly volatile. On the one hand their stock value may be based on real assets which will go up with gold (not as much) but on the other hand with the US and everyone else holding dollar denominated debt losing just about everything the earnings forecasts will plummet. But here is the thing, even if the stock price does not crash, the price is in dollars which are now worth a tenth of what they were worth.
That will be catastrophic. Suppose you are 62, your retirement account is worth $1 million and then tomorrow $1 million is worth 100k! Not only so but companies are laying off like crazy everywhere. Yesterday you were in good shape to retire, today you are in crisis mode.
U.S. Debt Soars Past $37 Trillion, Years Before Expected, “Massive” QE Coming
One explanation for the demand for gold is that central banks are buying it up because they have more debt than the law allows. The solution will be to revalue gold so that they have enough assets to back the debt. This will be true of everyone including the US.
If Gold trades at $3500 an ounce and you revalue it to $35,000 an ounce then you compare that to the debt which is still valued in US dollars. All of sudden you go from not having enough assets to having enough.
However, gold going up in value relative to the US dollar is exactly the same as the US dollar going down in value relative to gold.
It also means BRICS, a gold backed security will increase in value ten fold.
Now the stock market will become incredibly volatile. On the one hand their stock value may be based on real assets which will go up with gold (not as much) but on the other hand with the US and everyone else holding dollar denominated debt losing just about everything the earnings forecasts will plummet. But here is the thing, even if the stock price does not crash, the price is in dollars which are now worth a tenth of what they were worth.
That will be catastrophic. Suppose you are 62, your retirement account is worth $1 million and then tomorrow $1 million is worth 100k! Not only so but companies are laying off like crazy everywhere. Yesterday you were in good shape to retire, today you are in crisis mode.
U.S. Debt Soars Past $37 Trillion, Years Before Expected, “Massive” QE Coming
They’re DUMPING Billions—It’s Triggering a MASSIVE Cash CRISIS!
Microsoft JUST FIRED 17,000 Workers - BIG TECH DOESN'T WANT YOU
If people keep getting laid off we might have social unrest, they may need to prepare for that, perhaps declare national emergency, or bring in the military for martial law, keep your eyes out for any moves along these lines...
At current valuations 5 million ounces of gold could be exchanged for all the silver in the COMEX, cleaning them out and causing a massive short squeeze that might propel silver to as much as $800 an ounce by some estimates.
In the first five days of August trading 2 million ounces of gold stood for delivery. If we go back to March 31, 2025 we have another 2.5 million ounces that stood for delivery.
We are at war, if you can cause silver to go to $800 an ounce what does that do to the short contracts on silver? If they all go bankrupt what does that do to everyone holding paper silver? They get pennies on the dollar. If the banks go bankrupt what happens to the mortgages they are holding? They will have to liquidate and houses will go for pennies on the dollar.
In the first five days of August trading 2 million ounces of gold stood for delivery. If we go back to March 31, 2025 we have another 2.5 million ounces that stood for delivery.
We are at war, if you can cause silver to go to $800 an ounce what does that do to the short contracts on silver? If they all go bankrupt what does that do to everyone holding paper silver? They get pennies on the dollar. If the banks go bankrupt what happens to the mortgages they are holding? They will have to liquidate and houses will go for pennies on the dollar.
Harvard Grads Can't Find Jobs - NO MORE HIRING
Harvard MBAs not getting jobs.
It used to be these guys all got jobs lined up in January before graduation, so although they say they haven't gotten jobs in three months since graduation, the reality is that this is more like 8 months compared to twenty years ago.
Harvard MBAs not getting jobs.
It used to be these guys all got jobs lined up in January before graduation, so although they say they haven't gotten jobs in three months since graduation, the reality is that this is more like 8 months compared to twenty years ago.
Wait, four posts in one day yesterday?
Do you spend all your free time sifting through news articles to find stuff you can claim proves the sky is falling? Or do you just have good news feed filters?
One has to admire your dedication though. In all my days online, I have never in my life seen somebody so determined to keep his thread bumped up to the top.
Do you spend all your free time sifting through news articles to find stuff you can claim proves the sky is falling? Or do you just have good news feed filters?
One has to admire your dedication though. In all my days online, I have never in my life seen somebody so determined to keep his thread bumped up to the top.
thanks, I'll dedicate this song to you.
Prophet's Lament
A song from Jeremiah's perspective, walking through Jerusalem
Verse 1
Walking through these broken streets, where golden calves once stood I warned you not to chase false gods, but you misunderstood "Don't change your glory for what's worthless," was my constant plea But you traded the living God for wood and stone debris
Chorus
This is the apostate's paradise, a city stripped of grace I've been crying out for decades, but you turned away your face This is the apostate's paradise, where judgment falls like rain Jerusalem, O Jerusalem, your rebellion wrought this pain
Verse 2
"Don't trust in empty promises," I pleaded through my tears "The temple stones won't shield you from your long-neglected fears" Without justice flowing freely, sacred walls are just a shell But you clutched at hollow rituals while you danced toward hell
Chorus
This is the apostate's paradise, a city stripped of grace I've been crying out for decades, but you turned away your face This is the apostate's paradise, where judgment falls like rain Jerusalem, O Jerusalem, your rebellion wrought this pain
Bridge
Princes swaying from their gallows, elders trampled in the dust Sons of Zion, once like jewels, now as pottery they're crushed Holy fire sears my spirit, snares entangle weary feet While the starving devour children in these godforsaken streets
Verse 3
They sang of peace and plenty while I thundered heaven's rage False seers spun their fantasies upon deception's stage "Don't heed their honeyed poison," through the darkness I would call But you craved their soothing falsehoods as you hastened toward your fall
Final Chorus
The temple lies in ruins, priests and prophets both are slain Our glory has departed, only ashes now remain Yet His mercies are new each morning, His compassions never cease Though we sit in dust and mourning, He will bring us lasting peace
There are lots and lots of posts about layoffs.
I am posting this one because it is important to understand that many of the layoffs are government due to funding being cut off from the DOGE cuts and from the cities being bankrupt. I have seen posts about layoffs in many cities, just about every major city in the US. I posted this because I don't think I have posted anything about Seattle previously.
I am posting this one because it is important to understand that many of the layoffs are government due to funding being cut off from the DOGE cuts and from the cities being bankrupt. I have seen posts about layoffs in many cities, just about every major city in the US. I posted this because I don't think I have posted anything about Seattle previously.
The problem with a short squeeze is how do you sell your gold. The US has $37 trillion debt. They could exchange that for $37 trillion in gold. They don't have that much gold, but a single trade of $6 trillion is certainly feasible and retiring $6 trillion in debt in a single trade would certainly improve our creditworthiness while at the same time crushing the gold market and sending it down significantly. You could easily drop the price of gold by 50% and so the US could buy back the $6 trillion in gold for $3 trillion in 20 year bonds. You make a quick $3 trillion and meanwhile once you buy back the gold it quickly goes back to $6 trillion so you are reset for another trade.
This would be the "nuclear option" as it would destroy global markets, but it would especially destroy BRICS, perhaps when the dust settles the US dollar would still be standing.
so the only one I see who could do something like this would be the US. We would certainly be hated and despised by many.
That said there are only two plausible explanations for what happens with the short squeeze on silver. One is the collapse of the US dollar as a reserve currency and bankruptcy and the other is some kind of market manipulation by the US that began fifty years ago when we came off the gold standard. If you look at the cup and handle formation of silver it began when the US came off the gold standard and the Hunt brothers who were clearly part of this whole conspiracy have links to the CIA.
I am just trying to get a grasp on your scenario. Like our country we only hold $11 billion in gold reserves but that is because since 1973 we only value gold at $42.22 per troy ounce. Like some countries do value gold at market prices but we don't. So if we were to just match M2 which is $20 trillion then congress would have to vote that. Which would make gold like $90,000 a troy ounce.
Which we would have to raise the value of our reserves otherwise it would be crazy to exchange our gold at it's statutory price of $42.22 for silver at market price. If we round silver to $40 and gold to $42 just for ease of math. That is only a exchange of 1.05 ounces of silver for every ounce of gold. So anyway just trying to get a better picture of what you are theorizing.
BTW Trump said on Easter Sunday that "he who has the gold makes the rules". Some people are suggesting that the US has been secretly purchasing gold in large quantities. We already have an estimated 8,000 metric tons of gold, perhaps he has secretly acquired another 1,000 metric tons.
Some have suggested that the US is going to reset the price of gold to $15,000 to $30,000 an ounce. This is a reasonable calculation of what the value of Gold would have to be if the world's currency were backed by gold. Anything over $15,000 an ounce would mean we have enough gold to retire our entire national debt.
Some have suggested that the US is going to reset the price of gold to $15,000 to $30,000 an ounce. This is a reasonable calculation of what the value of Gold would have to be if the world's currency were backed by gold. Anything over $15,000 an ounce would mean we have enough gold to retire our entire national debt.
The ratio of silver to gold price is about 100:1 right now and historically does not go below 10:1. If Gold is $4,000 an ounce the most we would expect to see silver would be $400 an ounce.
However, we can reset the price of gold. It is obviously not $42.22 an ounce.
If the world's currency were backed by gold it would have to be $30,000 an ounce. (Total amount of currency in the float divided by the total amount of gold in the world). If you do that then silver would likely hit $2,800 an ounce. A cup and handle formation indicates a very long period of time of accumulation at a repressed price (banks shorting silver to keep the price low) followed by a breakout, and a short squeeze. A few months ago silver was at $28 an ounce so if it goes to $2800 someone is going to get a 100 fold return.
But who would do this? Market manipulation is very common, but not over a 50 year time frame. That is why I don't think this is a person, I think it is a government and the US seems like the most likely government able to do this on the down low. First, it is US banks that have kept the price low and second why would they do that when it is obviously under priced and you will likely be the victim of a short squeeze? You would have to have another valid reason, like you are making more money from someone else to have this losing investment for the last fifty years.
I don't think the silver is enough to deal with the US debt, it is a much smaller market. But the gold is.
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