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Yea I got the email from EXK yesterday morning so I knew that was headed south. I was wanting more of it though so hopefully will go to 3.This hit job was clearly coming due to the hit on small Silver miners like FSM and EXK yesterday. Gold bounced really well. The game is still alive but they appear very strained.
The important part here is that A.) Cede & Co OWNS nearly everything and B) they have been playing fast and loose with the shares. There were only like 420 million shares in total, yet they claimed ownership of over 750 million shares..
Is this good or bad news?
Oh hey... is this going to be a problem?
Complaining about market manipulation regarding Gold and Silver got old 20 years ago. When the Resident of the once greatest nation on earth lies and steals out in the open what do you think is gonna happen regarding precious metals manipulation? Not much is my guess. Get over it.
The entire debt-based banking system is corrupt...Warning: this video will likely make you angry. But Rafi destroys a banker.
The entire debt-based banking system is corrupt...
On the one hand Woo is correct, the dollar is here to stay.
the Banker is casting spells... gobbledygookWarning: this video will likely make you angry. But Rafi destroys a banker.
the Banker is casting spells... gobbledygook
Marty thinks differently. There is no replacement for the dollar. Not right now anyway. Maybe in the 2030's. So, yes I agree the dollar will die. Soon? Depends on your definition of soon. In the next 10 years, probably.Yeah, nope. Unless you are just talking about a general name for money of a dollar. But the FRN is dying and pretty soon.
His worst argument was Trying to splain that consumer goods are cheaper now than the 1980's, lol. Let's see, many new Trucks today are 80 grand versus maybe $18,000 in 1980.
Marty thinks differently. There is no replacement for the dollar. Not right now anyway. Maybe in the 2030's. So, yes I agree the dollar will die. Soon? Depends on your definition of soon. In the next 10 years, probably.
I bought a new f 150 in 1987 for 12k. Not sure what they go for today but his argument was that when you factor in all the new tech things are actually cheaper. In 1990 a computer was about 400 bucks. Today I can go to war mart and get one for 3-400 bucks but with way more computing power.
There has been lots of smart people over the years that have been declaring the dollar is dead. In 1990 it was the end of the world once we crossed the 1 trillion dollar mark in the national debt. He we are 30 trillion plus later and still going strong. Of course it's all an illusion of wealth. Take away 32 trillion in debt and everything goes back to 1970's prices.
As I said, they both make a good argument. I'm not smart enough to figure out when this all ends. I live on a cash basis. Everything is paid for and 0 debt. If we get inflation I am ok. If everything crashes I still have a roof over my head. Get out of the system and you won't care about the system.
I do remember bak to the early 90's when I was waiting for my dialup to get me online. Then going to websites and waiting for them to load. Today the web is just about instantaneous for any site. I dont do anything different than I did back then either but it's a hell of a lot faster.Yeah, I read it and I do think the USD soars here near term. Who says there HAS to be a viable alternative? This is a collapse. A collapse of everyone who has climbed on board the Western gravy train and did not realize they need a parachute.
A computer is a computer. Sure, they are much more powerful today but I use them in virtually an identical way. It is not that much more productive simply because it chews threw 1 and 0's faster. That is even more the case with say a Truck. It gets you from point A to point B just the same. Perhaps it lasts a few years longer but unlikely.
97% is that a lot??
97% is that a lot??
everyone defaults.
Bank owns everything
Its a great system
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