The Greatest depression is coming, are you ready?

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Lynx said:
Uh... That was going around back in 2024. It wasn't true then and it isn't true now.

A few franchise owners have closed, but you can still get a big mac without too much driving. Don't worry. Your quarter pounders are safe.
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There is no such thing as a fair and balanced reporting anymore, everyone has an agenda, when you see these reports that is what everyone should understand. That said there are multiple reports on an exodus from both California and NY. Most likely the most reliable of these reports are Uhaul reports of one way traffic.

https://www.youtube.com/shorts/v0ItZhOIa_U
 
The Panda in the coal mine


Henan Erupts: Mass Protests, Large Numbers of Special Police Have Been Deployed, Highways Shut Down
 
Lynx said:
Uh... That was going around back in 2024. It wasn't true then and it isn't true now.

A few franchise owners have closed, but you can still get a big mac without too much driving. Don't worry. Your quarter pounders are safe.
Click to expand...


Bill Maher FINALLY EXPOSES Why Newsom’s California Is COLLAPSING On Live TV
 

Governor Of California PANICS As $20 Minimum Wage DESTROYS 18,000 Fast Food Jobs!
 
ZNP said:

Governor Of California PANICS As $20 Minimum Wage DESTROYS 18,000 Fast Food Jobs!
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So let's summarize. After this min wage went into effect they did a study to determine if it had a negative impact. Berkley called companies with a survey. However, participation in the survey was very low and they were comparing the winter of 2023 when hiring is very low for fast food restaurants to August of 2024 when it usually peaks. However, since then they now have the tax records for 2024 and learned that over 20,000 jobs were lost. This was not a "survey" but factual tax records which every employer must file.
 
Over the last six weeks silver is up 80%.

We saw the banks trying to hold the line around $65 to $75 an ounce when they were changing margin requirements and doing force majeur. But since then we have seen capitulation. We were told that price was the price at which the banks had to hold the line to avoid bankruptcy. Others calculated for every $1 that silver went up the banks that were short lost $1 billion. So at this point they have lost $16 billion more than the point at which the bankruptcies start.

Because of the change in margin requirements we can safely conclude that this rise in price is not due to speculators. The people who are fueling this rise are those with the industrial demand for silver. Since silver is a critical element for AI and for modern warfare, and since demand has exceeded the supply for the last five years and since the vaults of the Comex, LBMA and Shanghai exchanges are empty, it is reasonable to conclude that this spike in price is based on the demand/supply curve and not speculators.

Finally, for many of us we don't realize how the market has changed. For years they have not been buying and selling silver, they have been buying and selling derivatives on that silver. For example, you can sell a call option on silver even though you don't own it and then turn around and buy a call option thinking that option covers your other option. The reality is this, if you can't get the silver to cover then the entire system is in danger of collapse. A fiat currency is based solely on trust, if you cannot deliver on a promise then you lose that trust and the fiat currency is worthless.

By now everyone can see we are at war, but underlying this war (war in Venezuela, war in Ukraine and war in Iran) is a currency war. BRICS vs King dollar (the great city that rules over the kings of the earth)
 
Silver hit $92 an ounce today on the Comex and no, this is not due to sales tax in Shanghai.
 
I had claimed that no one on this thread would be having any financial worries and someone pointed out that the recommendation to buy silver is from 2022, what about for those who just joined the forum in the last six months, what can they do?

OK, a can of sardines is $1.47 for 3 1/2 ounces. During a famine that can will be worth its weight in silver. So even if you feel you have missed out on silver, you can still get things like beans, rice, and sardines at a price that will appreciate greatly during the tribulation. If you are left behind, could be the difference between life and death, and if you are raptured, well the people who eat what you left behind may get saved and will be very thankful to you when they ultimately arrive in heaven.
 
ZNP said:
Silver hit $92 an ounce today on the Comex and no, this is not due to sales tax in Shanghai.
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LOL..........I am of the opinion you did not understand what I was pointing out to you. Lets look at what I said.

"If you look at the Beijing Commodity Exchange or BC silver is $71.36, while the SHFE or Shanghai is $84. China charges a VAT tax on it's market. The VAT tax is 13%. The BC exchange charges the tax but prices it absent the tax. The SHFE prices in the tax as the listed price. The UAE also charges a VAT tax and they price it on those exchanges with the tax added. That is why there is a difference between them and the COMEX. As the price is the same minus the VAT tax. "

You have taken my comment to mean what you please for any situation. Such as a online retailer jacking their price for the retail community has nothing to do with a VAT tax. Yeah no kidding.......LOL

My comment I did not say just what it pointed out as wrong info by you. Figured I had no need to but alas I was incorrect.

You have for sometime been going on about the arbitrage chance in the two markets of SHFE and COMEX. That is was a play by China to buy up all the silver and freeze the US out. Put a hurt on us economically.

I presented the data to show that was wrong because when you triangulate the data. Using China's other exchange as they priced theirs the same as the COMEX. So why the difference because the BC priced theirs absent the tax and SHFE priced theirs tax included.

Not any different if you for example visit a gas station. The price at the pump has all the sales taxes, state, federal, local and etc included in it's price. However, if you go inside to buy a snack they will not have the sales tax listed as part of the price. However, when you buy the item you are going to be charged the tax.

So my comment and data was showing it was incorrect, your claim of arbitrage and China giving us the business, not all these straw arguments you are busy building.
 
stilllearning said:
LOL..........I am of the opinion you did not understand what I was pointing out to you. Lets look at what I said.

"If you look at the Beijing Commodity Exchange or BC silver is $71.36, while the SHFE or Shanghai is $84. China charges a VAT tax on it's market. The VAT tax is 13%. The BC exchange charges the tax but prices it absent the tax. The SHFE prices in the tax as the listed price. The UAE also charges a VAT tax and they price it on those exchanges with the tax added. That is why there is a difference between them and the COMEX. As the price is the same minus the VAT tax. "

You have taken my comment to mean what you please for any situation. Such as a online retailer jacking their price for the retail community has nothing to do with a VAT tax. Yeah no kidding.......LOL

My comment I did not say just what it pointed out as wrong info by you. Figured I had no need to but alas I was incorrect.

You have for sometime been going on about the arbitrage chance in the two markets of SHFE and COMEX. That is was a play by China to buy up all the silver and freeze the US out. Put a hurt on us economically.

I presented the data to show that was wrong because when you triangulate the data. Using China's other exchange as they priced theirs the same as the COMEX. So why the difference because the BC priced theirs absent the tax and SHFE priced theirs tax included.

Not any different if you for example visit a gas station. The price at the pump has all the sales taxes, state, federal, local and etc included in it's price. However, if you go inside to buy a snack they will not have the sales tax listed as part of the price. However, when you buy the item you are going to be charged the tax.

So my comment and data was showing it was incorrect, your claim of arbitrage and China giving us the business, not all these straw arguments you are busy building.
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Which of course makes no sense. You are saying the sales tax is part of the purchase price. Makes no sense. When you buy something they have the listed price and then they add the sales tax to that when you buy it. You were mistaken. The price in Shanghai was not showing you the sales tax, that would be added afterwards. The difference is that the price in Shanghai reflected the fact that physical silver costs more than "paper silver". One is the real thing, the other is a promise to deliver the real thing in the future. The difference was called "Backwardation" because in a normal market the future price will be higher than the price for physical silver today. This is not a normal market, people are not trusting that the silver will be delivered which is why physical silver is so much higher than the futures contract.

This is proven beyond any doubt by the fact that the futures price is less than $90 and yet the US mint is selling silver eagles for $173 an ounce.
 
ZNP said:
Which of course makes no sense. You are saying the sales tax is part of the purchase price. Makes no sense. When you buy something they have the listed price and then they add the sales tax to that when you buy it. You were mistaken. The price in Shanghai was not showing you the sales tax, that would be added afterwards. The difference is that the price in Shanghai reflected the fact that physical silver costs more than "paper silver". One is the real thing, the other is a promise to deliver the real thing in the future. The difference was called "Backwardization" because in a normal market the future price will be higher than the price for physical silver today.
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Here is a article that will explain better than I can the difference that is going on with the China futures contracts and the ones on London and New York. No I am saying one market includes the tax as it's listed price and other does not. Why on it's own market, China has two different listed prices. Which when you subtract the vat tax you find that the prices are all comparable in China, London, and the US.

This is as the close of the market this friday.

Beijing/VAT not listed as part of the price.
628.13 Yuan/$90.13

COMEX
$90.88

Here are couple blurbs from the article.

"There is some confusion in the investment community about silver prices in China, which are different from those quoted in London or New York. This is neither unusual nor unique. The current misunderstanding is preventing investors from fully grasping important developments in the Chinese market. "

"There is a 13% Value Added Tax attached to the silver prices quoted on the Shanghai Futures Exchanges’ silver price quotes that are available and referenced by investors that actually are not applied to what appears to be the vast majority of SHFE silver trades. Thus, for an apple-to-apple comparison against London prices, one needs to look at a VAT-adjusted SHFE silver price."

https://cpmgroup.com/chinese-silver-prices/
 
stilllearning said:
Here is a article that will explain better than I can the difference that is going on with the China futures contracts and the ones on London and New York. No I am saying one market includes the tax as it's listed price and other does not. Why on it's own market, China has two different listed prices. Which when you subtract the vat tax you find that the prices are all comparable in China, London, and the US.

This is as the close of the market this friday.

Beijing/VAT not listed as part of the price.
628.13 Yuan/$90.13

COMEX
$90.88

Here are couple blurbs from the article.

"There is some confusion in the investment community about silver prices in China, which are different from those quoted in London or New York. This is neither unusual nor unique. The current misunderstanding is preventing investors from fully grasping important developments in the Chinese market. "

"There is a 13% Value Added Tax attached to the silver prices quoted on the Shanghai Futures Exchanges’ silver price quotes that are available and referenced by investors that actually are not applied to what appears to be the vast majority of SHFE silver trades. Thus, for an apple-to-apple comparison against London prices, one needs to look at a VAT-adjusted SHFE silver price."

https://cpmgroup.com/chinese-silver-prices/
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The repricing of silver eagles by the US mint proves the basic argument that there was a shortage of silver, hence backardation and with increased demand the price would have to go up. That is why the latest US eagles are now priced at $173 an ounce.

That was the point I was making before, we have demand for physical silver which cannot be met, hence the price is going up and that is the reason for backwardation.

This article about the Shanghai market is simply not credible and the reason is simple. If this were in fact true, then you would see the same 13% spread a year ago, and you don't.
 
ZNP said:
The repricing of silver eagles by the US mint proves the basic argument that there was a shortage of silver, hence backardation and with increased demand the price would have to go up. That is why the latest US eagles are now priced at $173 an ounce.

That was the point I was making before, we have demand for physical silver which cannot be met, hence the price is going up and that is the reason for backwardation.

This article about the Shanghai market is simply not credible and the reason is simple. If this were in fact true, then you would see the same 13% spread a year ago, and you don't.
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As luck would have it if you look at the article it is from Aug2024 over a year ago and they are talking about that pricing back in 2023.

I love your comparison's of retail vs a futures exchange to prove your point. You have quite the imagination. Maybe you can do a conspiracy of how a futures contract for a bushel of corn vs the price I pay per ounce at the store for the canned good is a plot for world domination.......LOL
 
stilllearning said:
As luck would have it if you look at the article it is from Aug2024 over a year ago and they are talking about that pricing back in 2023.

I love your comparison's of retail vs a futures exchange to prove your point. You have quite the imagination. Maybe you can do a conspiracy of how a futures contract for a bushel of corn vs the price I pay per ounce at the store for the canned good is a plot for world domination.......LOL
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Your joke shows you have not been following what I have been saying and do not understand it.

But it is all pointless carrying on this discussion any further, the US mint has just repriced their silver eagles to $173, if you don't understand the significance of that you can read what I have written or you can seek elsewhere to gain understanding. It is a very significant event as I have already written about and it is close to 10x increase from when silver was $18 an ounce.
 
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