The Greatest depression is coming, are you ready?
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Sorry, this post was a deep fake made by people not affiliated with Warren Buffet. I have deleted it. I consider anything that Warren Buffet says to be good financial advice, he is very credible and trustworthy which is why they did a deep fake of him.
"No Free Floating Silver left"
https://www.youtube.com/shorts/PvCGfkayloM
What that means is that 100% of the silver held in the various vaults has been spoken for. There is no silver available for delivery. This in turn means that if you want to buy silver you have to bid up the price until someone who owns silver is willing to sell it. There are many people who are trading silver on paper but have the right to delivery. If they exercise that right we have a "short squeeze".
Also know this, investors understand that a short squeeze is how you make money if you are long silver. As the price goes up and it is currently going straight up, people who are short are desperate to close their position and that means they have to buy silver. If there is none available they will have to keep bidding the price up before they can find someone willing to sell. Many of those who are short will be forced to buy it back if they don't have the assets to cover the margin call.
https://www.youtube.com/shorts/PvCGfkayloM
What that means is that 100% of the silver held in the various vaults has been spoken for. There is no silver available for delivery. This in turn means that if you want to buy silver you have to bid up the price until someone who owns silver is willing to sell it. There are many people who are trading silver on paper but have the right to delivery. If they exercise that right we have a "short squeeze".
Also know this, investors understand that a short squeeze is how you make money if you are long silver. As the price goes up and it is currently going straight up, people who are short are desperate to close their position and that means they have to buy silver. If there is none available they will have to keep bidding the price up before they can find someone willing to sell. Many of those who are short will be forced to buy it back if they don't have the assets to cover the margin call.
Normal lease rates for silver have been under 1% for the last seven years and now has jumped to 33%.
"I've NEVER Seen Anything Like This" - Silver Liquidity COMPLETELY GONE! - Mike Maloney
If the lease rate is less than 1% you don't have to cover your short position, the cost to you is minimal. But with lease rates at 33% you can't afford to borrow, so you have no choice but to cover your short or go bankrupt.
"I've NEVER Seen Anything Like This" - Silver Liquidity COMPLETELY GONE! - Mike Maloney
If the lease rate is less than 1% you don't have to cover your short position, the cost to you is minimal. But with lease rates at 33% you can't afford to borrow, so you have no choice but to cover your short or go bankrupt.
https://rumble.com/v70lhbi-steve-co...etting-on-gold-crypto-a.html?e9s=src_v1_ucp_a
STEVE CORTES: In An Inflationary World, The Rich Are Betting On Gold, Crypto, And Land. Limited-Supply Assets Always Win When Debt And Inflation Rise, But That Comes At The Expense Of Workers And Middle-Class Prosperity
The first half of this is short and concise explanation (first 9 minutes) of what has to be done to avert the collapse of the US dollar. This is not simply Steve Cortes who has been saying this for over a year but also the Economist has also published this in the latest issue.
So there are five possible ways that the debt crisis will be resolved.
1. Cut government spending.
2. Increase growth.
3. Massive tax increase.
4. Default
5. Inflation.
So we have seen that Trump, using DOGE, has looked to cut government spending and then to help him the government shutdown has allowed him to do even more cuts.
Second there are signs that we are seeing an increase in growth, that is not out of the question.
Third, Trump has employed massive tax increases with his tariffs. He does not have the ability to do other tax increases without congress passing it. Granted, he has backed off on many of the threatened tariffs but that was only after signing trade deals which are increasing growth.
But here is the problem, even after DOGE we still have a significant deficit and all the savings are being swallowed up by our having to help fight wars in Ukraine and the Middle East. Second, with all the DOGE cuts it is hard to have growth in the economy. Third, the growth we are seeing is due to AI, robots and other technological advances that are not being accompanied with jobs, so although we might see growth in the economy we may also see growth in the people needing to be on government assistance. Also the number of countries willing to buy US bonds is dwindling while the number of countries dumping US bonds is growing. As a result we have to pay higher and higher premiums on our debt. Not only so but the bonds we are selling are short term. If all the bonds we sell are two years or less we will have to roll over 50% of our $37 trillion debt each year. We can't do that, hence the crisis.
So the goal that might be realistic is that we "tread water". If we can simply eliminate the deficit, even if we don't reduce the overall debt inflation will slowly eat away at it. The problem with this approach is that the US is not the only country suffering. If other countries declare bankruptcy it puts more and more pressure on the US. Also with the threat of war we need to spend more, not cut our budget.
This is why gold and silver and real estate are going up, the elites are placing their bets that the solution to the debt crisis will be #5, hyper inflation. No one expects the US congress to pass an austerity budget, so real, serious, deep cuts to our budget are simply not realistic. Also, the things we pretty much have to spend money on (servicing the debt, paying social security, and national defense) make it impossible for us to have no deficit. Those three things alone eat up 100% of our tax revenue. You would have to cut the rest of the federal government, which in turn would almost certainly cause our tax revenue to decline significantly.
Growth is certainly not out of the question, but all the investment that is coming will generally see tax exemptions and write offs to encourage the investment and most of this investment is going to AI and other industries that are predicting a negative impact on jobs. In other words this growth may not result in any additional tax revenue for the next few years. Nor are we likely to see tax increases. The tariffs are a tax increase and they have brought in some additional tax revenue, however, most countries are negotiating new trade deals which will eliminate the tax increase from tariffs but which will help with growth. However, our biggest trading partner is not negotiating, we have a trade war with them and that will certainly have a negative impact on GDP and total tax revenue.
Once again we are left with two very hard choices. Default would almost certainly result in many politicians being voted out of office, so that is not likely. The easiest option for politicians is inflation, that will destroy the US dollar, bankrupt American citizens, but it is the easiest option for politicians so that is the most likely outcome. Hence gold and silver are going to rise.
Know this, if the world moves to a gold backed reserve currency the price of gold will rise by a factor of five to eight ($20,000 to $30,000 an ounce). Also the ratio of the price of gold to silver will drop from 80:1 to 30:1, maybe even as low as 10:1. Silver could go from $50 an ounce to $1,000 an ounce. During this transition banks will be desperate to get silver and gold and will also be desperate to get rid of foreclosures which will pile up. $10k worth of silver today could be traded in at the peak for a house which today is valued at $500k. But understand this, the bankruptcies and the collapse of the US economy will be every bit as bad as it was during the Great depression, if not worse.
STEVE CORTES: In An Inflationary World, The Rich Are Betting On Gold, Crypto, And Land. Limited-Supply Assets Always Win When Debt And Inflation Rise, But That Comes At The Expense Of Workers And Middle-Class Prosperity
The first half of this is short and concise explanation (first 9 minutes) of what has to be done to avert the collapse of the US dollar. This is not simply Steve Cortes who has been saying this for over a year but also the Economist has also published this in the latest issue.
So there are five possible ways that the debt crisis will be resolved.
1. Cut government spending.
2. Increase growth.
3. Massive tax increase.
4. Default
5. Inflation.
So we have seen that Trump, using DOGE, has looked to cut government spending and then to help him the government shutdown has allowed him to do even more cuts.
Second there are signs that we are seeing an increase in growth, that is not out of the question.
Third, Trump has employed massive tax increases with his tariffs. He does not have the ability to do other tax increases without congress passing it. Granted, he has backed off on many of the threatened tariffs but that was only after signing trade deals which are increasing growth.
But here is the problem, even after DOGE we still have a significant deficit and all the savings are being swallowed up by our having to help fight wars in Ukraine and the Middle East. Second, with all the DOGE cuts it is hard to have growth in the economy. Third, the growth we are seeing is due to AI, robots and other technological advances that are not being accompanied with jobs, so although we might see growth in the economy we may also see growth in the people needing to be on government assistance. Also the number of countries willing to buy US bonds is dwindling while the number of countries dumping US bonds is growing. As a result we have to pay higher and higher premiums on our debt. Not only so but the bonds we are selling are short term. If all the bonds we sell are two years or less we will have to roll over 50% of our $37 trillion debt each year. We can't do that, hence the crisis.
So the goal that might be realistic is that we "tread water". If we can simply eliminate the deficit, even if we don't reduce the overall debt inflation will slowly eat away at it. The problem with this approach is that the US is not the only country suffering. If other countries declare bankruptcy it puts more and more pressure on the US. Also with the threat of war we need to spend more, not cut our budget.
This is why gold and silver and real estate are going up, the elites are placing their bets that the solution to the debt crisis will be #5, hyper inflation. No one expects the US congress to pass an austerity budget, so real, serious, deep cuts to our budget are simply not realistic. Also, the things we pretty much have to spend money on (servicing the debt, paying social security, and national defense) make it impossible for us to have no deficit. Those three things alone eat up 100% of our tax revenue. You would have to cut the rest of the federal government, which in turn would almost certainly cause our tax revenue to decline significantly.
Growth is certainly not out of the question, but all the investment that is coming will generally see tax exemptions and write offs to encourage the investment and most of this investment is going to AI and other industries that are predicting a negative impact on jobs. In other words this growth may not result in any additional tax revenue for the next few years. Nor are we likely to see tax increases. The tariffs are a tax increase and they have brought in some additional tax revenue, however, most countries are negotiating new trade deals which will eliminate the tax increase from tariffs but which will help with growth. However, our biggest trading partner is not negotiating, we have a trade war with them and that will certainly have a negative impact on GDP and total tax revenue.
Once again we are left with two very hard choices. Default would almost certainly result in many politicians being voted out of office, so that is not likely. The easiest option for politicians is inflation, that will destroy the US dollar, bankrupt American citizens, but it is the easiest option for politicians so that is the most likely outcome. Hence gold and silver are going to rise.
Know this, if the world moves to a gold backed reserve currency the price of gold will rise by a factor of five to eight ($20,000 to $30,000 an ounce). Also the ratio of the price of gold to silver will drop from 80:1 to 30:1, maybe even as low as 10:1. Silver could go from $50 an ounce to $1,000 an ounce. During this transition banks will be desperate to get silver and gold and will also be desperate to get rid of foreclosures which will pile up. $10k worth of silver today could be traded in at the peak for a house which today is valued at $500k. But understand this, the bankruptcies and the collapse of the US economy will be every bit as bad as it was during the Great depression, if not worse.
Very informative
Something BIGGER Is Going On Here - Andy Schectman | Gold Silver Price
Tells you about the countries that repatriated their gold before going on a buying spree and before gold was reclassified as a tier 1 asset (meaning you could settle global trades in gold or US dollars.
Something BIGGER Is Going On Here - Andy Schectman | Gold Silver Price
Tells you about the countries that repatriated their gold before going on a buying spree and before gold was reclassified as a tier 1 asset (meaning you could settle global trades in gold or US dollars.
Government shutdown threatens food stamps for 42 million Americans: 'Insufficient funds'
USDA warns SNAP benefits for November could be delayed if Congress doesn't approve new spending bill
https://www.foxbusiness.com/economy...tamps-42-million-americans-insufficient-funds
USDA warns SNAP benefits for November could be delayed if Congress doesn't approve new spending bill
https://www.foxbusiness.com/economy...tamps-42-million-americans-insufficient-funds
Silver is on the verge of being reclassified from a precious metal to a critical metal. From what I understand 59-60% is now being used in industry. This is the latest article from the 1st of this month. It states we are at a 200+ million ounce deficit. As 1.25 billion ounces are needed for industrial use and only 1 billion ounces will be mined this year.
Here is the full article
https://www.ipmi.org/news/us-classify-silver-critical-mineral-signals-strategic-shift-investors
Here is a snippet from the article.
"The US Geological Survey's 2025 draft proposal to classify silver as a critical mineral marks a paradigm shift from precious metal to strategic industrial asset. This designation, pending finalization later this year, would unlock government stockpiling, production subsidies, and accelerated permitting for domestic projects. Silver's essential role in solar panels, electric vehicles, semiconductors, and defense systems makes supply security a national priority, especially given 70% import dependence and Chinese refining dominance. With prices at 14-year highs and annual deficits exceeding 200 million ounces, investors are positioning in well-funded silver producers and developers with secure jurisdictions and low-cost operations. The policy creates structural demand beyond traditional market fundamentals while addressing geopolitical vulnerabilities in critical technology supply chains."
So, it becomes a commodity instead of a coin? And as a commodity that get's removed from coinage like copper, do people start stealing (or maybe already are) solar panels for the silver? Are we then left with gold as some kind of non-commodity other than jewelry or ? that has actual supposed value as money until if and when God determines to show us once and for all that food, clothing, shelter are what's truly necessary, not to mention relationship with Him?
What is it we're trying to figure out? Just give us all unlimited digits and let the fun begin and then pull the plug. Before it gets pulled we'll be killing each other for yachts because we won't be able to make enough of them and the toughest will be taking from the weakest again.
End this please, Father. We get it.
What it effectively does is give government control. There are a couple executive orders out there as well as a couple different acts. Main being the stockpile act of 1939. So what happens is the government declares something critical. Then they can use the executive orders and acts to manage, stockpile, seize, accumulate, purchase and etc.
So your question is coinage. What can happen is since they have a shortage for industrial use. They can look at the numbers and say we are going to have a shortage of x amount of silver. So all the silver that will be mined lets have it funneled to x use instead of being used for coins.
I don't know their actual numbers but in my opinion this is more to get control of the recycling process so they can manage it. That seems to be the weak link from what I have read. It is not that it is ineffective the problem seems to be more that it is not scaled. So they need to scale it up.
So by having silver declared a critical metal they then can use laws on the books to manage the recycling process to scale it up. Such as during covid I forget what it was mask or such. Anyway Trump used war acts to up production of what mask or medicine or such during covid.
Trump has already intervened and bought preferred shares of different companies that mine critical metals. Then gave guaranteed contracts for x amount of the resource at such and such price. The company gets to ramp up since it has guarantees and government gets the resource. Since the shares are preferred that means government gets paid a dividend at a certain yield. As well since they are not common shares then government has no vote on company manners. Also since they are preferred shares the company will have the option to buy them back.
More or less it is a hybrid bond and so it is more or less a loan to these companies with government getting it's money back with some additional on top.
So will they do anything with silver itself I have no idea as I don't know their numbers or their exact info. However, at least on the surface it appears it is more about getting control of the recycling aspect so they can manage it so it can be scaled up.
One funny thing that did make me laugh though is once they have it declared critical and they use an act. The resource becomes exempt from any tariffs or any red tape that would impede government being able to acquire more of the resource. So since tariffs are not able to be placed on it, it just made me laugh because once the opposition knows this. They are no doubt going to try and spin it somehow so I am laughing in advance because of some of the stories that will pop up. Stories that will be meant to stir emotions so opposition can say hey we are winning..........LOL
Ah good. I thought you might be making much hay of the government shutdown. It sure does make good soundbites for doomsayers.
We have seen it many times of course. It's a brinksmanship game, to force the opposing party to pass a bill.
I see where your scare-tactic "sources" are eating it up though. They love stuff like this.
Just keep on plugging. You'll get a market crash eventually. Could be in a week. Could be in 30 years. But if you keep on beating the drum, you'll get one someday. Then you can get a big fat "I told you so!" in. Someday.
I agree, could be this week.
BTW Israel is in talks about building their temple and the red heifer burned in June was a kosher, certified red heifer whose ashes are being held by the Temple Institute.
NEXT STEP Third Temple || Israel has REAL Red Heifer Ashes High Priest CONFIRMS
If the Democrats and Republicans do not vote to reopen the government then on November 1st welfare (SNAP, EBT, etc) will stop. 42 million people depend on those checks to get food.
Now hopefully these people will remain peaceful and not resort to violence and looting and shoplifting. I'm just kidding, it is going to be riots in the street and mass looting, we all know that. This works out to about 1 in 9 people. Imagine a city of 900,000 having 100,000 people rioting and looting. I suppose as long as they don't attack people in cars and their homes it might not be that bad. I'm just kidding, it is going to be the Rodney King riots on steroids. Many people will be terrified to go to work. But as long as you have a few guns, a few dogs and three or four strong men living in your house you shouldn't have to worry about roving gangs. I'm just joking around, you don't need to worry about those who can kill the body but afterwards can't do anything, the person to worry about is God who after you have been killed can throw you into hell for eternity.
You Say there is no Chaos 10/24/2025
Sometimes I miss the good ole days of preaching hell fire and brimstone or as @Lynx calls them "doomsayers".
Now hopefully these people will remain peaceful and not resort to violence and looting and shoplifting. I'm just kidding, it is going to be riots in the street and mass looting, we all know that. This works out to about 1 in 9 people. Imagine a city of 900,000 having 100,000 people rioting and looting. I suppose as long as they don't attack people in cars and their homes it might not be that bad. I'm just kidding, it is going to be the Rodney King riots on steroids. Many people will be terrified to go to work. But as long as you have a few guns, a few dogs and three or four strong men living in your house you shouldn't have to worry about roving gangs. I'm just joking around, you don't need to worry about those who can kill the body but afterwards can't do anything, the person to worry about is God who after you have been killed can throw you into hell for eternity.
You Say there is no Chaos 10/24/2025
Sometimes I miss the good ole days of preaching hell fire and brimstone or as @Lynx calls them "doomsayers".
It just occurred to me that Dana Coverstones calendar dreams described a balled up fist hitting the month of November and all the numbers going flying, it was like the perfect description of what is going to happen next week but he shared that in 2020 with the point being to "brace yourself, brace yourself, brace yourself". But hold on, didn't people say he was a false prophet? How ironic would that be if it happened exactly as he described?
Anyway there is good news! Dana Coverstone and others, this thread included, have been warning for years about what is coming and I am sure, convinced, that everyone took that to heart and has braced themselves. At the very least no one will be whining about God not warning them.
I guess, as usual with these 'prophets', we'll see.
Any stats on people on welfare for legitimate vs. non-legitimate need? Will the non-legitimate who can't work due to disability be able to riot? I lived in a state a while ago where it wasn't too difficult to game the system to the tune of about $60k/yr and seemed to be viewed as a basic cultural right by many who would pass the routine down to their kids as they became 'adults'.
Interesting times.
Any stats on people on welfare for legitimate vs. non-legitimate need? Will the non-legitimate who can't work due to disability be able to riot? I lived in a state a while ago where it wasn't too difficult to game the system to the tune of about $60k/yr and seemed to be viewed as a basic cultural right by many who would pass the routine down to their kids as they became 'adults'.
Interesting times.