The Greatest depression is coming, are you ready?

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There is an estimated 150,000 silver contracts that are short on the Comex. That means the holders of these contracts have lost approximately $6 billion since silver was $40 at the end of August and $12 billion since April.
 
Let's go through the numbers

1. The silver market is $30 billion a year. In the last six months silver has gone up 30% in price. Since we have short positions those shorts have lost 30% during that time.

2. The estimates are that for every ounce of silver there are 250 contracts of people who think they own it. That means the ratio between short to long is 250:1.

3. 250 x 30 billion is $7.5 trillion. That is a rough estimate on the size of the short position on silver.

4. 30 % of $7.5 trillion is more than $2 trillion. The only ones capable of having such large positions are central banks. To put that into perspective on 911 the total estimated loss was $3 trillion. So in the last six months these central banks have lost $2 trillion but if we go back two years over the last two years the price of silver has doubled, as a result the shorts have lost 100% or $7.5 trillion over the last two years.

Gold has gone up just about as much. This is very significant because there is a gold backed security in competition with the US dollar. Their value has doubled compared to the US dollar in just the last two years. The US is trying to compete with a bond that is gold backed, this is proof that the US dollar is being crushed by gold. It is important to understand that gold and silver trade in tandem. The US dollar is collapsing it is being replace by gold and as that happens all the central banks that tried to suppress the price of silver are now going bankrupt.

These people are not stupid, the people who will ultimately be stuck paying the bill are the common people.
 
Thanks. I meant to cc: @ZNP also.

Understood. It seems like chaos at this juncture with new ones entering the system constantly. My sense is that anyone not learning about it and keeping up to some degree, just like with AI, will be left behind in whatever sense at some point. How fair any transitions are going to be is likely best guessed from past history.

Perhaps. I would say most folks have no clue how our currency works as far as financing, economic policy and the such but is no impediment to being able to use it. So not sure if knowing anything about the block chain would hamper folks from using it if they make such a move. Myself I reckon I am just not ready to take on the adventure to learning the block chain at this point. I currently trade equities, bonds, Forex, and options. Why I am on here right now just to get a break away for a few minutes from numbers and charts........LOL

Like everything in life I reckon if the time comes we will all have to gain some sort of basic knowledge.
 

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Silver

In the last

Year -- up 45%

six months -- up 40%

three months -- up 30%

one month -- up 14%

What we are seeing is a meteoric rise, but it is accelerating at an exponential rate.

First six months of this year up 5%, next 3 months up 10%, next two months up 16%, and last month up 14%.
 

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The drop in moon cakes sales is the surest measurement of the economic decline. As a rule corporate gifting of these things is massive at this time, and yet sales dropped by 45%.
 
Evidence that property prices for apartments have dropped by 65%.


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Silver hit $50 today. That is a very key level because once Silver breaks through 50 there is no overhang. It is off to the races.

It is plausible to estimate that there are 25 to 55 billion ounces of silver that exist and are available to trade. The estimate is that 250 x that number is how many ounces are sold short. It is difficult to believe that with every $1 that goes up those who are holding short positions are losing over $1 trillion and that in the last three years they have lost tens of trillions of dollars.

What is crystal clear and without any dispute from anyone is that those holding short positions in silver for the last three years have been crushed. The extent of this bankruptcy is utterly stunning. It is also reasonable to estimate a loss in the range of $18 trillion dollars over this time. Why? Simple math, but also because the banks are holding these short accounts and they must have the assets to cover these shorts. Total amount of money in the US banks is $18 trillion. Who is stupid enough to short the silver? You are! A few years ago you were sent all kinds of legal documents from the banks telling you they were changing the arrangement. You might not have read that, but what it said is that the money you have in the bank is not your money, it is like holding stock in the bank. If the bank goes bankrupt they will use your money to pay off their debts. This aligns with the whole "you will own nothing and be happy". In order to bring that about they have to make all your money in the bank worthless. They have done that by using your money to short silver while using their personal money to buy physical silver.
 

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Silver up 5% hits $50 again. If it breaks through there is no overhang after this. $50 is the last line of resistance.

Silver is up 32% in the last two months.
 
If every taxpayer would just pony up $241,000 and give it to our government then we could pay this $37 trillion debt off right now. I suspect that when our creditors do come that is all they will ask for.
 
Silver has already hit $52. Friday it was $47. That is more than 10% rise. The collapse of the US dollar has started. You are witnessing the collapse.
 
There are over 2 billion ounces in paper claims on silver. The companies that sold these have sold the silver short, meaning they don't actually have it. A couple of months ago silver was at $30 an ounce, so in just a couple of months the companies that are short this silver are out $40 billion. Now people are asking to take delivery of the silver, these companies that sold it have to redeem their claim or else declare bankruptcy. This is what is known as a "short squeeze" and that is what is propelling the price of silver higher. Now you might think if they simply declare bankruptcy that will cause the rise the price of silver to stop, but it won't. Because these are central banks, if they declare bankruptcy we will have a run on the banks and the US dollar will collapse. Without the US dollar people will use gold and silver as currency. Right now the ratio of the price of gold to silver is 80:1 or thereabouts. When silver and gold are used as currency the ratio historically has been around 9:1. Silver would go to the equivalent of $500 an ounce if the US dollar collapses. Also banks will have many, many bankrupt houses but will be desperate for silver. So trading a $500k house for $100k of silver might take place. Not at first, but it will get very ugly and that is simply an example. Silver worth 10k a few months ago will be traded for a house in foreclosure.

But with a collapse of the US economy you will have a collapse of the distribution of food and you will see a massive famine. During a famine no one cares about silver, the only thing they care about is food.
 
They make a very good point though most people who watch this will miss it.

https://rumble.com/v70caxy-jamie-di...-phillip-patrick-reacts.html?e9s=src_v1_ucp_a

Jamie Dimon Says Gold Could Go To $5-10k, Phillip Patrick Reacts

Here is the point they are making, they are talking about gold (and by extension silver) and yet they talk about Jaimie Dimon, Investment banks and the bond market. His point is that big money buys bonds to get a safe rate of return. But now that bonds are paying less than inflation it is not a good investment. The US bond market is $37 trillion dollars, that is almost 20x the size of the silver market. Gold is out performing the bond market, so then, people with real money, not the fringe doomsday preppers, but the people buying $37 trillion worth of US bonds, not to mention all the other bonds out there, are looking at gold and silver. The 4% carrying cost that Dimon mentions is stupid, most investors would not pay that. Central banks would keep it in their own vaults, and unless you are buying over $1 million in gold you would likely keep it in a safe or safety deposit box. You could spend $150 a year and keep a million in the bank. Since gold has gone up four fold in the last few years that $150 a year would be a minimal expense. The total bond market worldwide counting both government and corporate is around $145 trillion. If just $5 trillion of that goes into gold and silver each year those markets will skyrocket. At this point there really is no way for bonds to outperform inflation. Now they are hoping that AI will come to save the day but know this if AI comes to save the day it will be at the expense of 100 million people losing their jobs. Think of what that will do to the economy.

Either way the US dollar will be replaced with gold as a currency and since most people won't be able to use a currency that is 10k an ounce silver will be the new currency. When silver is a currency it trades at 9:1 relative to gold. If Gold is at 9k an ounce silver would be at $1,000 an ounce. That is an increase of 20x.

In the last month silver is up 22% and Gold is up 12%
 
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