JC Political Thread - For All Things Political Part 2

[Skydrol]

Wall street not happy....

Wall Street is going to be killed by Main Street. The global financial system is at the end of its rope. It died in 2008 and was kept afloat with the never ending printing of Fiat Currencies, the world has been in a deflationary mode and I am surprised how long it lasted. Banking will change in a big way. Some people still thinking on the Pre 2020 era, forget it, is gone for good, think on Post 2020 and think by and protect yourself. Is like I said many years ago, the system is dying and central banks are going bust. If you have a skill that benefit a community, you will make it. University degrees will be worthless pieces of papers, the death of academia is coming.

In the US political sphere, is showing how all is an illusion of choice, is the stablishment of 1 party of the same people under different names; is a farce, a show, a big club and the common individual is not part of it.

 

[shane_3800]

I know one oddity of 2021. Joe Biden has given the CIA and other departments a time and date to prepare a report on UAP's. It will explain everything the US government knows and will be made avaliable to the public.

 

[Skydrol]

What would raising the price of silver achieve? I understand game stop as people were short selling a stock that was obviously going down but silver is a fairly steady stock.

We are conditioned to base our businesses in some form of "Legal Tender". When Govs increase the cash supply it looses its value. However, an Oz of Au, Ag, etc... still an Oz, a Dollar still the same "Number" but the value diminish, buy you less over time; if you save it, it looses its value.

On the PM market, to prevent the people from seeking alternatives of store of value, the London Bullion Market Association (LBMA) fix or let us say, rig the market with futures paper contracts. If you dig deep in the CMA and COMEX you will see the paper contracs exceed the global production. What will bring down the PM Futures Market is the failure to deliver. These banks are rehypotecating the same metal more than 500 times. So why the SEC is not regulating? Because they are part of the scam. The entire financial and judicial system is all corrupted to hell. You saw it with AMC and GME, they shutdown the exchange. Is going to be chaotic until the people decide on what to use. You see it now how BTC is taking off, people seeking an alternative to exchange their purchasing power away from Fiat Currencies.

Here is to add some to the GME kabuki, failure to deliver the securities. Exchanges selling goods they do not have.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Just wait, see when PMs start to take off. See if you can find some to buy and at what price? At what price over spot are selling for now?

 

[Not_An_Abba_Fan]

It's the same process as a loan. You take out a loan, the bank asks for security against the loan.

LBMA release futures (or any trader releases futures of any trading commodity) and the security is the future production of that commodity. It's a promise. The whole world's financial system is based on promises.

 

[Skydrol]

It's the same process as a loan. You take out a loan, the bank asks for security against the loan.

LBMA release futures (or any trader releases futures of any trading commodity) and the security is the future production of that commodity. It's a promise. The whole world's financial system is based on promises.

Exactly, is all manipulated, a lie and is about to come down. That is how their system work, do you trust it? I am not, is all paper, what is the value of a promise, the value of a contract, is not what all Fiat Currencies are, a coffer full of promises and credit? Is all words and papers, an apology does not makes it right.

So where do you (as all of you) want to be? Is like a sinking ship, the chap in 1st class jumped out, I am going to take his cabin or jump out with him.

 

[Not_An_Abba_Fan]

Come up with a better system then. We can't all go back to bartering, money (or the representation of money) is what the world is built on. We can't just say fukc it and switch back to bartering. Money started because people needed something but had nothing to give in return, so money was invented. (It was actually a promise note that could be traded for anything.)

Ebbs and tides. Currencies rise and fall. It's when idiot governments print too much money and the value drops so much that it becomes worthless. (Lira anyone?)

 

[Immortality]

Come up with a better system then. We can't all go back to bartering, money (or the representation of money) is what the world is built on. We can't just say fukc it and switch back to bartering. Money started because people needed something but had nothing to give in return, so money was invented. (It was actually a promise note that could be traded for anything.)

Ebbs and tides. Currencies rise and fall. It's when idiot governments print too much money and the value drops so much that it becomes worthless. (Lira anyone?)

Money is great, even better for governments to take their share for tax purposes....

 

[Not_An_Abba_Fan]

Money is great, even better for governments to take their share for tax purposes....

Running a country is like running a business, you need revenue to pay your bills. The unemployment rate is a dead money calculator for the government, that's the money they have to pay that they would rather not. It's in the best interest of the government to have the lowest rate possible, and ours. When the rate goes up, so do our taxes because the extra money has to come from somewhere.

 

[Immortality]

I don't disagree, I'm just saying money is the most convenient method to achieve this, a cashless society is even better

 

[keith reed]

Running a country is like running a business, you need revenue to pay your bills. The unemployment rate is a dead money calculator for the government, that's the money they have to pay that they would rather not. It's in the best interest of the government to have the lowest rate possible, and ours. When the rate goes up, so do our taxes because the extra money has to come from somewhere.

It might not be in the best interests of the country to have low unemployment but it is in the best interests of the employer. Having a fear factor amongst your workforce will ensure that they are worried about joining the unemployed. Some are not bothered but being unemployed for any length of time could prove disastrous for most people. When I was an apprentice they couldn't get workers for love nor money. The carpenter I was with for a while always worked Saturday morning and didn't work Mondays. When he was at work he didn't do to much and there was nothing they could do about it. At least he did a bit and that was better for them than him not being there at all.