The Greatest depression is coming, are you ready?
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It appears that a single party in the US, one that is very powerful so that the world's gold exchanges could not say no and one that has a vault to keep all this gold in. 8,000 tons.
They are in a position to manipulate the gold market. Most people who trade gold do so on paper. The ratio is said to be greater than 200 to 1. So if people want to take possession of that gold that they think they own on paper you are going to have a crisis. Imagine a nuclear bomb is dropped on Kyiv, everyone worldwide panics, they want their gold, well the price of gold could skyrocket 30 fold. Instead of 3k an ounce it could be 90k an ounce.
Now I am going to guess that the audit of the US gold holdings at Fort Knox are associated with this purchase of physical gold.
They are in a position to manipulate the gold market. Most people who trade gold do so on paper. The ratio is said to be greater than 200 to 1. So if people want to take possession of that gold that they think they own on paper you are going to have a crisis. Imagine a nuclear bomb is dropped on Kyiv, everyone worldwide panics, they want their gold, well the price of gold could skyrocket 30 fold. Instead of 3k an ounce it could be 90k an ounce.
Now I am going to guess that the audit of the US gold holdings at Fort Knox are associated with this purchase of physical gold.
The US Government Just Ordered The Fed To Revalue Gold, Reigniting Gold Standard | Andy Schectman
Wow, they are saying that Trump is going to be issuing US debt that is backed by gold, meaning you will have the option to redeem your treasury with gold. That is why they need to do an audit of all the US gold holdings and why the US needs to buy up a lot of gold. They are saying it is the only way to restore confidence in treasuries. Now consider the ramifications, we have $36 trillion in debt and we are very much unlikely to pay that down over the next ten years. How can the US which has around $1 trillion in gold back $36 trillion in debt with gold?
So then they are talking about revaluing the gold which can explain why everyone is trying to take possession of gold the last two months.
I don't think you can issue special treasuries that are backed by gold. If you did that people would be exchanging the TBills they have for the new ones. No, the easiest way to do this is to make it so that the US dollar is backed by gold. Currently we have about 2.5 trillion dollars in circulation. But if the dollar were backed by gold that would very likely increase. Right now we have $750 billion in gold in the US. If you revalue that to $3 trillion then gold will be $10,000 an ounce.
Jim Rickards is estimating that if gold is revalued it will be $24,000 an ounce based on the M1 money supply.
I would also point out that there are many banks that are theoretically bankrupt, but if gold were revalued they would be solvent.
This will also make it impossible for BRICS to continue their assault on the US dollar.
I would also point out that there are many banks that are theoretically bankrupt, but if gold were revalued they would be solvent.
This will also make it impossible for BRICS to continue their assault on the US dollar.
Everyone should understand how the gold and silver markets work. For every ounce that someone owns there are about 30+ people who think they own it. The reason for this is people don't want to take possession of gold and silver as it has to be locked up securely. Few have vaults capable of safely holding $1 million.
So then consider those 30+ contracts to be derivatives.
So what happens when people no longer trust the derivative market and want to hold the gold themselves. Especially the big $100 billion orders. Now you have a major problem because you don't have the gold to give them. This is what is happening right now in the Gold and Silver markets. Some people want to keep gold and silver cheap because they use it in electronics and other items. But know this, silver historically is about 50-70 ounces to one ounce of gold. So, if gold spikes, silver is going to spike as well and since silver is now at the extreme of its ratio to gold (it is exceedingly cheap right now) you can know that it will have the biggest rise when people can no longer afford gold. If gold goes to $24,000 an ounce (8x increase) then silver will likely go to $400, a 12 fold increase.
So then consider those 30+ contracts to be derivatives.
So what happens when people no longer trust the derivative market and want to hold the gold themselves. Especially the big $100 billion orders. Now you have a major problem because you don't have the gold to give them. This is what is happening right now in the Gold and Silver markets. Some people want to keep gold and silver cheap because they use it in electronics and other items. But know this, silver historically is about 50-70 ounces to one ounce of gold. So, if gold spikes, silver is going to spike as well and since silver is now at the extreme of its ratio to gold (it is exceedingly cheap right now) you can know that it will have the biggest rise when people can no longer afford gold. If gold goes to $24,000 an ounce (8x increase) then silver will likely go to $400, a 12 fold increase.
âš¡BREAKING: Market CRASH Could Start in DAYS! FASTEST Selling in History, PANIC when GOLD hits $3000
-- Biggest move of Gold across borders ever recorded.
-- 70% of Silver has been removed from the COMEX, the LMA is no longer shipping silver.
-- Using various metrics the stock market is now in the most overvalued position in history.
-- Biggest move of Gold across borders ever recorded.
-- 70% of Silver has been removed from the COMEX, the LMA is no longer shipping silver.
-- Using various metrics the stock market is now in the most overvalued position in history.
Warren Buffet and Berkshire Hathaway is sitting on $350 billion in cash. He is clearly anticipating a major fall in the stock market. We are well beyond two standard deviations beyond the mean, everything regresses towards the mean.
The speed that this crash will take place will be blinding compared to 1929 because of all the internet, algorithms, giant funds, etc all placing trades instantly. You could see within 1 second of seriously bad news that the market has completely crashed.
The speed that this crash will take place will be blinding compared to 1929 because of all the internet, algorithms, giant funds, etc all placing trades instantly. You could see within 1 second of seriously bad news that the market has completely crashed.
Imagine a meteor hits the ocean causing a huge Tsunami to hit the East Coast of the US at the same time we have a massive earthquake split the US in half and all this takes place at 8AM. The market will have fully collapsed before the opening bell on the stock market. All buy orders will have been deleted and all "sell at the market" orders will cause the market to completely crash. Because the drop will be so extreme they will probably shut down the market within 5 minutes.
The price of stock is a balance between buyers and sellers. Warren Buffet is by definition "Smart money" of the elites. So if he has moved to cash you know that smart money of the elites has moved to cash. If his portfolio is public you know that the elites have known about his moves two weeks prior to anything being public.
But then there must be an equal amount of dumb money buying. Who is this dumb with all this money? That is your 401K. Every two weeks without fail a portion of all the paychecks in the country buy a number of mutual funds, many of which are invested in large mutual funds of the various indexes (Nasdaq 500, NYSE 500, Dow Jones Industrial, Russel 2,000 etc). They don't pay any attention to market conditions, valuations, etc. This allows the really smart money to first go to cash, like Warren Buffet. Then at a prearranged instant all these massive holdings will short the market causing it to crash. I would expect the crash to come right before the end of a month, or right before the middle of a month as those are the two days they get the money for the 401k.
But then there must be an equal amount of dumb money buying. Who is this dumb with all this money? That is your 401K. Every two weeks without fail a portion of all the paychecks in the country buy a number of mutual funds, many of which are invested in large mutual funds of the various indexes (Nasdaq 500, NYSE 500, Dow Jones Industrial, Russel 2,000 etc). They don't pay any attention to market conditions, valuations, etc. This allows the really smart money to first go to cash, like Warren Buffet. Then at a prearranged instant all these massive holdings will short the market causing it to crash. I would expect the crash to come right before the end of a month, or right before the middle of a month as those are the two days they get the money for the 401k.
2 Major US Banks Just Forced The Fed Into A Corner, Gold Standard 2.0 Is Happening! | Andy Schectman
30 million ounces of Gold and 50 million ounces of silver has been imported from London since November. There are other exchanges around the world as well. Prior to November going all the way back to the 70s the US has been an exporter of these metals, so this is a massive shift as a result of the Trump election and no doubt a result of his talking to the key people at the big banks.
30 million ounces of Gold and 50 million ounces of silver has been imported from London since November. There are other exchanges around the world as well. Prior to November going all the way back to the 70s the US has been an exporter of these metals, so this is a massive shift as a result of the Trump election and no doubt a result of his talking to the key people at the big banks.
Let's talk about a naked short
If I have 20 ounces of gold in my safe and decide to sell 20 ounces of gold in a short sale, that short is covered. It means worst comes to worst I can hand over my gold to cover that trade. But most gold and silver that is sold is sold naked, meaning the guy who is holding 1 ounce of gold sells 20 shorts against it. He can't deliver to all 20 if everyone demands their gold.
The gold and silver markets have more naked shorts than any market I ever saw as a stock broker. It is terrifying. This is what is happening right now with the gold and silver market. There are exchanges which cannot deliver gold and silver, they are using various excuses, but this is what is known as a short squeeze.
Now let's keep the numbers simple, suppose the Comex has 100 tons of silver and 70 tons have been removed as people want to hold the silver. If the price of silver goes up, say from $20 to $30 they can buy 50% more silver on margin (their silver is collateral for the loan). So whoever bought 70 tons can now buy the remaining 30 tons and the COMEX will have 0 tons of silver even though they have contracts to people who think they own 2,000 tons in total. This is what is known as a bank run. If you saw "It's a beautiful life" they nearly have a bank run in that movie that they are able to narrowly avert by using up all his own savings.
Front Running
This now brings us to the term "front running". Some who sees that we are about to have a short squeeze will buy up gold and silver and take possession so that when the squeeze takes place the price of gold and silver will spike and they will benefit. But who can take possession of millions of ounces of gold when gold is $3,000 an ounce? 1 million ounces is $3 billion, you have to have a really good bank vault to keep that much gold. That is what we are seeing, the Central banks, the major multinational banks, the Fed and the US government are front running. That is how you know there is going to be a short squeeze, because they are spending billions to position themselves to profit from this.
How the US can use a short squeeze to pay off debt
Now imagine you are BRICS and your currency is based on gold and now gold spikes 8x to $24,000 an ounce. That means any imports from those countries also goes up 8x in price. No one can afford that so the exports from the BRICS nations crash. As a result they must dump their gold on the market to buy up US dollars. Meanwhile whoever orchestrated the short squeeze can buy up the gold that is dumped at a discount. Few could pull this off, but the US is in a unique position to do it. Let's assume they own $1 trillion worth of gold. They squeeze the market, the price of that gold spikes to $8 trillion. If you sell it the price of gold will crash, but they can sell it to themselves, paying off $8 trillion of US bonds. This gold then crashes the market because they dump it at the market and there are not enough buyers to buy up $8 trillion worth of gold. Now the BRICS nations currency crashes with it, as gold might fall to $1,000 an ounce and as a result the BRICS nations cannot afford imports.
Meanwhile the US who just sold $8 trillion of gold when it was $24,000 an ounce can buy back the same gold at $1,000 an ounce. Squeeze again and now pay off another $8 trillion worth of US debt. Meanwhile everyone wants to buy US bonds because it is the only thing that is stable causing our interest rates to be very low. The US then buys up the gold the second time at less than $1,000 an ounce. So they pay off $16 trillion in debt and still have the same amount of gold spending 2% of what they made.
But this is not win/win. This will cause 50% of the world (the BRICS nations) to be destitute and broke, and many more people to be harmed significantly by that.
If I have 20 ounces of gold in my safe and decide to sell 20 ounces of gold in a short sale, that short is covered. It means worst comes to worst I can hand over my gold to cover that trade. But most gold and silver that is sold is sold naked, meaning the guy who is holding 1 ounce of gold sells 20 shorts against it. He can't deliver to all 20 if everyone demands their gold.
The gold and silver markets have more naked shorts than any market I ever saw as a stock broker. It is terrifying. This is what is happening right now with the gold and silver market. There are exchanges which cannot deliver gold and silver, they are using various excuses, but this is what is known as a short squeeze.
Now let's keep the numbers simple, suppose the Comex has 100 tons of silver and 70 tons have been removed as people want to hold the silver. If the price of silver goes up, say from $20 to $30 they can buy 50% more silver on margin (their silver is collateral for the loan). So whoever bought 70 tons can now buy the remaining 30 tons and the COMEX will have 0 tons of silver even though they have contracts to people who think they own 2,000 tons in total. This is what is known as a bank run. If you saw "It's a beautiful life" they nearly have a bank run in that movie that they are able to narrowly avert by using up all his own savings.
Front Running
This now brings us to the term "front running". Some who sees that we are about to have a short squeeze will buy up gold and silver and take possession so that when the squeeze takes place the price of gold and silver will spike and they will benefit. But who can take possession of millions of ounces of gold when gold is $3,000 an ounce? 1 million ounces is $3 billion, you have to have a really good bank vault to keep that much gold. That is what we are seeing, the Central banks, the major multinational banks, the Fed and the US government are front running. That is how you know there is going to be a short squeeze, because they are spending billions to position themselves to profit from this.
How the US can use a short squeeze to pay off debt
Now imagine you are BRICS and your currency is based on gold and now gold spikes 8x to $24,000 an ounce. That means any imports from those countries also goes up 8x in price. No one can afford that so the exports from the BRICS nations crash. As a result they must dump their gold on the market to buy up US dollars. Meanwhile whoever orchestrated the short squeeze can buy up the gold that is dumped at a discount. Few could pull this off, but the US is in a unique position to do it. Let's assume they own $1 trillion worth of gold. They squeeze the market, the price of that gold spikes to $8 trillion. If you sell it the price of gold will crash, but they can sell it to themselves, paying off $8 trillion of US bonds. This gold then crashes the market because they dump it at the market and there are not enough buyers to buy up $8 trillion worth of gold. Now the BRICS nations currency crashes with it, as gold might fall to $1,000 an ounce and as a result the BRICS nations cannot afford imports.
Meanwhile the US who just sold $8 trillion of gold when it was $24,000 an ounce can buy back the same gold at $1,000 an ounce. Squeeze again and now pay off another $8 trillion worth of US debt. Meanwhile everyone wants to buy US bonds because it is the only thing that is stable causing our interest rates to be very low. The US then buys up the gold the second time at less than $1,000 an ounce. So they pay off $16 trillion in debt and still have the same amount of gold spending 2% of what they made.
But this is not win/win. This will cause 50% of the world (the BRICS nations) to be destitute and broke, and many more people to be harmed significantly by that.
Walmart Just Warned the US Economy is COLLAPSING
Walmarts forecast for 2025 is down and as bad as government data has been during Biden's administration, one thing we can still depend on is Walmart's data and forecasts.
Walmart was the last shining light in this economy as everyone flocked to them to buy cheaper goods. But if buying stops there as well, that is like saying turn off the lights, the party is truly over.
Walmart is the world's largest importer. At a time when the rest of the world was sliding into recession and depression they were the one company that was doing well. No longer.
Also, Walmart said they would expand their house brands. That means the cheaper stuff. People are not returning to upscale stores on the contrary the things Walmart is selling indicates they are moving to cheaper stuff.
Walmarts forecast for 2025 is down and as bad as government data has been during Biden's administration, one thing we can still depend on is Walmart's data and forecasts.
Walmart was the last shining light in this economy as everyone flocked to them to buy cheaper goods. But if buying stops there as well, that is like saying turn off the lights, the party is truly over.
Walmart is the world's largest importer. At a time when the rest of the world was sliding into recession and depression they were the one company that was doing well. No longer.
Also, Walmart said they would expand their house brands. That means the cheaper stuff. People are not returning to upscale stores on the contrary the things Walmart is selling indicates they are moving to cheaper stuff.
Interesting times. One advisor has been showing us how the data has been pointing to recession but was coming about slower than first anticipated. Venturing out where we live is full restaurants and shopping, etc. The Trump upheaval has to have effects. As you've been posting for some time, the digital revolution is coming to some part of a peak of implementation after 50+ years of development (my words). Really kind of astounding. I enjoyed some of your info on gold among other things I read. After decades of warnings not to mention a ten-fold increase, are the metals finally going to be let free? Money and economics are a strange thing, when it really boils down to food & water, clothing and shelter...
I believe the economy has already crashed and they are simply hiding that fact. I remember in 2008 with the mortgage meltdown, the real estate market crashed a month or two before you saw the meltdown take place. The derivatives were still triple A rated and yet they were priced as though they were junk bonds. They do that to catch the very last fool.
I was watching this one guy go through the reports on how all the Big banks and smart investors were moving to cash because the stock market was way overvalued and yet the stock prices weren't falling. So I was wondering, if they are selling, who is buying? Then it hit me, 401ks. They are designed to buy with each paycheck regardless of market conditions. They are the definition of "stupid money". The elites must love this because they can abandon ship at a dignified rate knowing that "stupid money" will be buying their overpriced stocks from them.
I was watching this one guy go through the reports on how all the Big banks and smart investors were moving to cash because the stock market was way overvalued and yet the stock prices weren't falling. So I was wondering, if they are selling, who is buying? Then it hit me, 401ks. They are designed to buy with each paycheck regardless of market conditions. They are the definition of "stupid money". The elites must love this because they can abandon ship at a dignified rate knowing that "stupid money" will be buying their overpriced stocks from them.
RUSSIAN Ruble is Dead
Russia is buying its own Ruble to prop up its value, but the GDP of the country is doing worse, the trading partners willing to trade in rubles has shrunk significantly and interest rates in Russia are through the roof. Be careful what you wish for you just might get it. We now have a bankrupt Russia that is one of the largest nuclear powers on the planet with a leader, Putin, whose whole mission in life is to restore Russia to its former glory.
Not only so but Russias major allies (N. Korea and Iran) are two countries with very bitter leaders and oversized egos.
Russia is buying its own Ruble to prop up its value, but the GDP of the country is doing worse, the trading partners willing to trade in rubles has shrunk significantly and interest rates in Russia are through the roof. Be careful what you wish for you just might get it. We now have a bankrupt Russia that is one of the largest nuclear powers on the planet with a leader, Putin, whose whole mission in life is to restore Russia to its former glory.
Not only so but Russias major allies (N. Korea and Iran) are two countries with very bitter leaders and oversized egos.