Probably a larp. But honestly if true the banks can fuck off. I would rather lose every dime I have than live under CCP, and bank control. If crippling this Nations economy is what it takes to forge a path to the great awakening than I am all for it.
Better than Civil War.... Also another reason this is larp lol They can't come physically take your physical silver until they take away the 2nd... so yeah feeling like this guy is larping.
The banks are evil and corrupt, but a sudden collapse of the banking system would absolutely fuck us. The banks are where we keep our money. It’s how people borrow money to buy houses. It’s how companies borrow money to grow and expand. When we put money in our bank account, they use our money to fund these loans. Yes, it’s insured by the FDIC, but if the financial system collapses the FDIC has nowhere to go to source this money.
The banks and the hedge funds shorted on highly leveraged funds. Meaning it is shorted on money they don’t have, and technically doesn’t exist. If the banks don’t have it, where would it come from?
What would happen if everyone suddenly tried to withdraw their money at the same time? The banks don’t have it. They are have to use every penny they have and more to cover their short positions. No person or company will be able to take out a loan because the banks are in debt and they don’t have the money. It would be chaos. As much as we hate the big banks, we won’t just be fucking them, we will be fucking ourselves even though they are the ones who fucked up in the first place.
Personally, I think the government is going to use all means necessary to put a stop to this so that a massive system wide collapse across the world doesn’t happen, even if it’s illegal. The other option is to print more money creating massive inflation and a huge devaluation of the dollar. If you make 100k on buying silver, but the value of the dollar drops 90%, then that 100k is only worth 10k. And if you had 500k in savings, then suddenly that 500k is equivalent to 50k.
Every single person will be watching and the Fed and the banks will be forced to admit how corrupt and flawed the entire system is. If there is ever a way to wake people up, this is it. Is this the shot heard around the world? The Great Awakening?
I believe this will be a segway for Trump’s return and bringing us back to a gold-backed dollar.
So you're saying the banks don't have any of our money anyway, it's all fiction. But it would be really terrible if that fiction were revealed?
How about this: crash the banks, nationalize them, and license banking rights to new owners who are held to a higher standard of behavior. Current owners get fucked.
Every time this happens it's always the same, we can't let the chips fall because this super complex web of deceit would get dislocated.
Yes, that’s how the banking system works. When you deposit money into a bank account it goes into their “pool” of money. That is where they get the money to fund loans. The way banks make money is by charging interest on the loans.
Under normal circumstances there is always enough money in the “pool” to allow people to withdraw from their own account at any time. Only a certain percentage of people are withdrawing money at one time so they only need to keep a certain percentage of that money in the pool. But they don’t keep enough money in the pool for everyone to withdraw all of their money at the same time because that money is being used to fund mortgages and loans.
If they always kept all of everyone’s money in the pool, they wouldn’t be able to issue loans because they would have no source of money to fund the loans. If we don’t have loans, people would have to buy houses all paid for upfront because there is nowhere to borrow money from. Small businesses would get hurt a lot more than big businesses because small businesses are generally the ones who need to borrow money to expand.
Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have. What did they do with the money they received from the short sale? They likely used it to issue more loans so they can make more money on the interest of the loans.
So now what happens if the banks are suddenly caught on the wrong side of a massive short squeeze with billions of dollars leveraged? How do they pay out these massive losses? They certainly don’t have this much money on hand to pay out the losses because it has been loaned out. Do they draw from the pool of money from people’s bank accounts? Do they stop issuing loans? Do they suddenly require people to pay back the money that was loaned to them by the banks? They absolutely cannot risk anyone defaulting on loans. Interest rates will have to be increased dramatically. If the banks don’t have this money, where does it come from?
What if they literally CAN’T buy out of their shorts because they don’t have the money to do so?
That’s why I think there’s really only a few options (that I can think of). Either the government steps and puts a stop on this massive short squeeze, or they bail them out by printing an enormous amount of money and we end up with hyperinflation. Hyperinflation will damage our economy tremendously so I think the only way to fix this is by having the government step in and stop it.
I am by no means supportive of the corrupt practices of our banks and I agree we need we need to hold them to a higher standard. But people need to realize the massive ripple effects that would take place by “crashing the banks”. For better or worse, our entire economic system is dependent on the banks. I’m not defending them, I’m just laying it out the implications is this happens.
I have to disagree with you based on your statement:
"Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have."
I disagree because a bank should not be speculating in any market such as stocks, commodities, or futures. The moment they begin doing that they are no longer just a bank. They are simply a casino betting with other people's money.
That's wrong.
The regulation prohibiting that was rolled back to the detriment of the entire world. So, no, I don't agree this is something that shouldn't be done simply because it locks up the person on main street. I believe this needs to be done to get rid of this cancer. 2008 didn't change a damn thing for banks. They rewarded themselves with massive bonuses and continued on as if the 2008 event never occurred.
When a system becomes so corrupt, so degenerate and morally bankrupt that it continues to do the same things it's always done - and which always cause pain to the person on main street - without a care in the world because it always gets away with it? Time to tear it down and imprison the people involved.
I've seen financial advice going back to the early 2000's advising people to invest in precious metals because of what happened with the Dot Com bubble. I've read advice going back decades to keep enough liquid cash available to pay for a few months of living expenses. 1987, 1999, 2008. Heck, go back to 1929. The behavior the financial institutions engage in is not new behavior. They've just never been held truly accountable - and never had to worry about the laws preventing such actions from staying on the books for very long.
I agree with you on that. The banks shouldn’t be involved in any speculation in stocks and commodities. I more so meant they especially shouldn’t be shorting commodities and stocks since the potential losses are infinite. But also realize they are “speculating” when they issue loans to businesses. They are betting the company won’t go out of business and will be able to pay back the full amount of the loan + interest. So the banks will always be taking on some kind of risk by lending.
I think this time will be different in terms of holding them accountable. If Q and Trump’s plan comes to fruition I expect they will make sure something like this never happens again.
Ah, but being in the Loan business is not that same as speculating in stocks/commodities/futures. With loans, a banker "should" take into account the borrower's ability to not just repay the loan, but also consider what the borrower brings in as collateral. Which is completely different than using the savings of other people in order to speculate in uncertain markets in order to make money, using someone else's money, and as the bank I pocket all profit.
That's not banking, that's gambling. Providing loans as a bank is nothing like speculating in the markets with the money of other people because at least with loans, the ability of the borrower to repay and offer up collateral is something to consider if that loan should enter default.
I get your sentiment. I completely understand it. Any system crash happening now will hurt the main street person far, far worse than it would any banker or politician. But that's the crux of the issue. How will this type of behavior end, if the blue collar worker doesn't completely understand how much he/she is being screwed over by bankers gambling with funds that don't belong to the banker?
For decades people have been trying to educate and disseminate information about how the banking industry actually operates. Up until this recent /r/wallstreetbets focus on the silver industry, people would have thought you crazy if you said you bought an ASE and tried to explain the difference between currency and money.
What big banks are doing with Wall Street should be, and at one time was, criminal. It's not anymore because the right people lined the pockets of the other right people. If the person on main street doesn't wake up and stop this type of action, then they will keep getting screwed by those same banks and politicians. Any action now to delay it is simply kicking a hand grenade further down the road and praying it doesn't explode.
having the government step in and stop people from purchasing silver is totalitarian enslavement. Don’t be such a braindead moron that you think that we must remain slaves to the usurers because it would cOlLaPsE tHe SyStEm
Calm down my man. I think you’re missing the point of what I’m saying.
I’m not condoning or approving the government stepping in to stop people from buying silver. I completely agree with you, it is absolutely a move from a totalitarian government - a government being run by the same corrupt politicians we are trying to get rid of. If they do this, think of all the support the Biden administration will lose (if they even have any now). You do realize how many people would be instantly red-pilled from something like this happening, right?
At a certain price point, the banks literally won’t be able to cover their short positions because they won’t have the money to do so. That also means they don’t have money to issue loans. No one can borrow money to buy a house. No businesses can borrow money to expand. Do they also stop credit card purchases? They can’t risk people defaulting and not being able to pay it off. What happens if they start limiting the amount of money you’re able to withdraw from your bank account because they simply don’t have it?
Biden’s administration will be forced to step in and do something.
Our money is in the hands of these banks. Yes, they are the ones who fucked up, but if they lose all of our money then who is really paying the price for their mistakes?
don’t you get it? our money is only in the hands of these banks if we don’t buy precious metals. Buying precious metals is literally taking away their power and yes there is pain when exposing decades of fraud but it MUST BE DONE.
Yes, I get it. If you are able to purchase physical precious metals, then absolutely we should. But how many of us are actually going to get their hands on physical silver? I assume it’s less than 1% of the US population. And even the ones who do aren’t going to be able to put their life savings in silver. It’s not a liquid asset. You can’t pay for things with silver right now.
I’m just very concerned of all the ripple effects a sudden shock to the system like this will cause without some sort of plan in place. Especially if our government decides to print massive amounts of money that causes hyperinflation.
Think of everyone who is retired and has no source of income and has all of their money in savings. If we go through hyperinflation then suddenly our elderly won’t be able to afford the cost of living. Same with people in their late 50’s and early 60’s. They suddenly will have to work a lot later in life than they were expecting since the value of their savings suddenly is worth much less. More people will be in the labor force, so more people will be unemployed...
Unless there’s a simpler solution to all of this I just don’t know if an absolute system failure will be for the greater good. Exposing the corruption and fraud and implementing a well planned change to the system is the best route in my opinion.
I appreciate the courage to posit an unpopular opinion. A few questions:
When you say 'banks' I assume you are including credit unions. Is that correct?
When you say 'money' you seem to be referring to fiat currency. Is there a difference between the two to you?
When you say, "they use our 'money' to fund these loans" you neglect to account for our fractional reserve paradigm. Do you acknowledge that 90% of the loan is bank credit that is actually conjured from nothing?
If you buy silver and then the USD collapses, why would you want to convert your silver (money) back into USD (failed fiat)?
How is your argument different from extortion?
Thanks for enlightening this semi-functional retard!
I was just sharing my basic and simple knowledge on how the system works. I am by no means an expert. I just want to share my concerns about how intertwined the system is and what it could mean if the banks crash. I’m not defending them, but I want people to understand the implications. In the end, if the banks crash, we will ultimately be the ones who are hurt by it.
Based on my limited knowledge I don’t know the answers to your first 3 questions. It seems like you know more about how it all works than I do.
This is a good point. If you purchase physical silver then by no means would you want to convert it to USD. I was more so referring to making money by trading silver commodity futures and never actually taking ownership of physical silver. A good real world example right now is in Argentina. They are experiencing rapid inflation. Argentina is the world’s largest exporter of soybean oil and soybean meal. But with the rapid inflation, the farmers aren’t selling their soybeans because whatever the money they get paid for it is worth less the next day. So they are holding onto their soybeans as a hedge against inflation.
I’m not defending the banks by any means. The banking system generally works just fine. The part where they really fucked up is by shorting stocks and commodities. They use the money they got from shorting to issue more loans and make more money on the interest. This is all driven by greed. They absolutely know the risks if something like this were to happen, but they did it anyway because they are blinded by their greed.
This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
Thanks for responding! I did not mean to imply that you were on the dark side, and acknowledge that MOAR financial turmoil will add stress the to the already-vulnerable.
This entire shit show has been an eye opener for me (and I thought I was already cynical...kek).
Mostly curious whether credit unions are similarly over-leveraged
Thank you for sharing. That’s a lot worse than I was expecting it to be. Even though the banks got us into this mess, we might ultimately be the ones who have to pay for it.
It’s no one’s fault but their own, but that doesn’t mean we won’t have to pay the price for it.
I’m optimistic, however, that it will all work out in our favor. If this is all part of Trump and Q’s plan then they already have a solution that will be to our benefit.
Ummmm.... If we have no banking system and Americans lose every penny.... Seems like a perfectly good way to usher in Communism. ??
This whole thing stinks to high-hell.
I hate the banks too.... But completing destroying the banking industry along with the dollar seems like a horrible idea.
Very short- sighted and seems like CCP is behind the entire GME/SHORT and SILVER conundrum.
I don't disagree.... But for those that have Boomer Parents nearing retirement....it's pretty important that they don't experience a complete crash of their 401k and the value of the dollar in savings.
Our banking system as it exists is a gateway to communism.
You cannot create something from nothing. That's a law of nature. Nothing is spontaneous.
One of the laws of communism seems to be that you CAN create something from nothing ... they apply it every single day printing money that becomes more worthless by the minute. For a while there, the claims that fiat currency are backed by the GDP of the nation the currency represents could have had some merit at one point, but we are at a point where we blew past that number and are printing based on feelings and whims and favors.
Dude idk what you want at this point. If there is no plan(god forbid) than what else do we do? You don't retaliate physically until THE right time. If we aren't willing to go into Civil War, and our elections don't matter(plus every other institution) wtf do you suggest we do lol?
I understand what you are saying. It isn't as if people haven't thought of what you are thinking. But we are slowly being backed into a corner. The power we have as citizens is slowly being eaten away at. Fucking the banks over even at our own cost is probably one of the last things we can do besides boycott. The system is fucking fake. It needs to be reset one way or another. We are at a crossroads and we can't go on living fake realities.
I have a tight knit neighborhood. And my family all live within a mile of me. But I agree. We have to stop being selfish. It isn't going to solve anything.
I am a hunter and my freezer is overfilling. I told several people close to me if they ever needed anything due to not having money or just can't get meat come to me. We have to pay it forward as corny as it sounds. America used to primarily function through the unity of our communities. We have to find that again. And we have to stop relying on big government. THat is why we are in this position now.
I always through that paying our taxes guarenteed us the government would be protecting us from international threats while we are able to be independent and take care of ourselves.
The banks are the very last ones I give a F about. Seriously. They've made trillions off the backs of everyday people. That they feel pain for once is our fault? F them. I had nothing to do with driving up prices but I find it hilarious that the house of cards of an unnecessary Federal Reserve central bank could come tumbling down. Global manipulation by central banks has enslaved billions of people. Let it fall. Let the world realize monetary sovereignty is the right of every nation WITHOUT debt.
Banks, central banks...all a giant conglomeration of theft from people without alternatives. That they played games (shorts) and ruined it for themselves...
I would hand over everything. I would put myself on the street for it. The deep state doesn't realize the beehive they keep kicking. We have been cornered and at this point we are all in. I want them gone, and I want this shit fixed. I have 40+ years left on this planet. I am not going to be a slave to a bunch of evil commie fucks.
No, GME was people finding out that it's possible to group together to screw over big financial institutions, but silver (NOT SLV, but real physical silver) is the Achilles heel of the big banks and really the global economy. I've known about the manipulation of precious metals, the massive shorts which is part of how they manipulate the price, and how, theoretically, if something like what happened with GME happened with silver (or gold or platinum, but silver would be the easiest as it's not $1,000 or $2,000 to buy in) then it would take them all down.
It's been said for many years that silver is what will bring down the system.
All of the banks should have been allowed to fail years ago.
The entire planet is trapped in a system of inescapable debt that can never be repaid anyway.
In fact, the nascent new system requires them to disappear.
Their infrastructure will be needed temporarily, to use during a transition.
This is reverse psychology to get more people to buy physical silver!
Whether the phony-debt dollar is destroyed, upheld, or reimaged, invest in material of real value. (Electronic pools are much easier to steal than physical holdings.)
What. It's reverse psychology to get people to buy physical silver, so you say do exactly that? In other words you're saying the post is intended to be helpful?
Why wouldn't he/she be spamming that post everywhere? It's not like these boards are secret. Now they're being referenced in MSM (not favorably, albeit).
With GESARA/NESARA and going to a gold and resource based economy this could actually be a part of the plan as leaving the 'piss held up by hot air' banking system would make that transition difficult and anything but smooth and quick.
Realistically a rip the bandage of approach is likely to hurt the least amount of regular people for the shortest amount of time, other alternatives are likely to be more...protracted...
Other factors involved, could probably have been done back then but would have been highly problematic as DS and kazahrians would still be in place and the clean up would not have happened, if the financial change was successful there is a good chance that the cleanup would never have happened...
Best way to go about it is dealing with all the variables(you don't beat an enemy by wining only one front), but that invariably means that the progress of one would hold back something else that could have been done faster....
Correct - money velocity is the demand side of the equation. But it's the driver behind prices. If money velocity is down 10% that is a 10% deflationary effect, whereas a 10% increase in money velocity is a 10% inflationary effect.
I'm not buying silver for a "get rich quick scheme", I am buying for a long term investment. Seems he is probably very knowledgeable about "get rich quick schemes ". Scum.
This is why I hold as little value as possible in Federal Reserve Notes. As soon as they can no longer fulfill the debts that the bills represent, the value disappears.
Just like last time, right? 2008? Actually Citadel was bailed out secretly in fall of 2019, and via short term treasury bonds all the banks have been getting government handouts since 2008. No Banker or Broker left behind. That is their motto.
Probably a larp. But honestly if true the banks can fuck off. I would rather lose every dime I have than live under CCP, and bank control. If crippling this Nations economy is what it takes to forge a path to the great awakening than I am all for it.
Better than Civil War.... Also another reason this is larp lol They can't come physically take your physical silver until they take away the 2nd... so yeah feeling like this guy is larping.
Almost reads like an invitation.
lmao that's how I read it too
I read it as - you fools, I have invested in silver... you should do the same.
This is going to be an unpopular opinion.
The banks are evil and corrupt, but a sudden collapse of the banking system would absolutely fuck us. The banks are where we keep our money. It’s how people borrow money to buy houses. It’s how companies borrow money to grow and expand. When we put money in our bank account, they use our money to fund these loans. Yes, it’s insured by the FDIC, but if the financial system collapses the FDIC has nowhere to go to source this money.
The banks and the hedge funds shorted on highly leveraged funds. Meaning it is shorted on money they don’t have, and technically doesn’t exist. If the banks don’t have it, where would it come from?
What would happen if everyone suddenly tried to withdraw their money at the same time? The banks don’t have it. They are have to use every penny they have and more to cover their short positions. No person or company will be able to take out a loan because the banks are in debt and they don’t have the money. It would be chaos. As much as we hate the big banks, we won’t just be fucking them, we will be fucking ourselves even though they are the ones who fucked up in the first place.
Personally, I think the government is going to use all means necessary to put a stop to this so that a massive system wide collapse across the world doesn’t happen, even if it’s illegal. The other option is to print more money creating massive inflation and a huge devaluation of the dollar. If you make 100k on buying silver, but the value of the dollar drops 90%, then that 100k is only worth 10k. And if you had 500k in savings, then suddenly that 500k is equivalent to 50k.
Every single person will be watching and the Fed and the banks will be forced to admit how corrupt and flawed the entire system is. If there is ever a way to wake people up, this is it. Is this the shot heard around the world? The Great Awakening?
I believe this will be a segway for Trump’s return and bringing us back to a gold-backed dollar.
So you're saying the banks don't have any of our money anyway, it's all fiction. But it would be really terrible if that fiction were revealed?
How about this: crash the banks, nationalize them, and license banking rights to new owners who are held to a higher standard of behavior. Current owners get fucked.
Every time this happens it's always the same, we can't let the chips fall because this super complex web of deceit would get dislocated.
Yes, that’s how the banking system works. When you deposit money into a bank account it goes into their “pool” of money. That is where they get the money to fund loans. The way banks make money is by charging interest on the loans.
Under normal circumstances there is always enough money in the “pool” to allow people to withdraw from their own account at any time. Only a certain percentage of people are withdrawing money at one time so they only need to keep a certain percentage of that money in the pool. But they don’t keep enough money in the pool for everyone to withdraw all of their money at the same time because that money is being used to fund mortgages and loans.
If they always kept all of everyone’s money in the pool, they wouldn’t be able to issue loans because they would have no source of money to fund the loans. If we don’t have loans, people would have to buy houses all paid for upfront because there is nowhere to borrow money from. Small businesses would get hurt a lot more than big businesses because small businesses are generally the ones who need to borrow money to expand.
Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have. What did they do with the money they received from the short sale? They likely used it to issue more loans so they can make more money on the interest of the loans.
So now what happens if the banks are suddenly caught on the wrong side of a massive short squeeze with billions of dollars leveraged? How do they pay out these massive losses? They certainly don’t have this much money on hand to pay out the losses because it has been loaned out. Do they draw from the pool of money from people’s bank accounts? Do they stop issuing loans? Do they suddenly require people to pay back the money that was loaned to them by the banks? They absolutely cannot risk anyone defaulting on loans. Interest rates will have to be increased dramatically. If the banks don’t have this money, where does it come from?
What if they literally CAN’T buy out of their shorts because they don’t have the money to do so?
That’s why I think there’s really only a few options (that I can think of). Either the government steps and puts a stop on this massive short squeeze, or they bail them out by printing an enormous amount of money and we end up with hyperinflation. Hyperinflation will damage our economy tremendously so I think the only way to fix this is by having the government step in and stop it.
I am by no means supportive of the corrupt practices of our banks and I agree we need we need to hold them to a higher standard. But people need to realize the massive ripple effects that would take place by “crashing the banks”. For better or worse, our entire economic system is dependent on the banks. I’m not defending them, I’m just laying it out the implications is this happens.
I have to disagree with you based on your statement:
"Where the banks fucked up is by shorting massive amounts of silver, meaning they sold something they don’t have."
I disagree because a bank should not be speculating in any market such as stocks, commodities, or futures. The moment they begin doing that they are no longer just a bank. They are simply a casino betting with other people's money.
That's wrong.
The regulation prohibiting that was rolled back to the detriment of the entire world. So, no, I don't agree this is something that shouldn't be done simply because it locks up the person on main street. I believe this needs to be done to get rid of this cancer. 2008 didn't change a damn thing for banks. They rewarded themselves with massive bonuses and continued on as if the 2008 event never occurred.
When a system becomes so corrupt, so degenerate and morally bankrupt that it continues to do the same things it's always done - and which always cause pain to the person on main street - without a care in the world because it always gets away with it? Time to tear it down and imprison the people involved.
I've seen financial advice going back to the early 2000's advising people to invest in precious metals because of what happened with the Dot Com bubble. I've read advice going back decades to keep enough liquid cash available to pay for a few months of living expenses. 1987, 1999, 2008. Heck, go back to 1929. The behavior the financial institutions engage in is not new behavior. They've just never been held truly accountable - and never had to worry about the laws preventing such actions from staying on the books for very long.
I agree with you on that. The banks shouldn’t be involved in any speculation in stocks and commodities. I more so meant they especially shouldn’t be shorting commodities and stocks since the potential losses are infinite. But also realize they are “speculating” when they issue loans to businesses. They are betting the company won’t go out of business and will be able to pay back the full amount of the loan + interest. So the banks will always be taking on some kind of risk by lending.
I think this time will be different in terms of holding them accountable. If Q and Trump’s plan comes to fruition I expect they will make sure something like this never happens again.
Ah, but being in the Loan business is not that same as speculating in stocks/commodities/futures. With loans, a banker "should" take into account the borrower's ability to not just repay the loan, but also consider what the borrower brings in as collateral. Which is completely different than using the savings of other people in order to speculate in uncertain markets in order to make money, using someone else's money, and as the bank I pocket all profit.
That's not banking, that's gambling. Providing loans as a bank is nothing like speculating in the markets with the money of other people because at least with loans, the ability of the borrower to repay and offer up collateral is something to consider if that loan should enter default.
I get your sentiment. I completely understand it. Any system crash happening now will hurt the main street person far, far worse than it would any banker or politician. But that's the crux of the issue. How will this type of behavior end, if the blue collar worker doesn't completely understand how much he/she is being screwed over by bankers gambling with funds that don't belong to the banker?
For decades people have been trying to educate and disseminate information about how the banking industry actually operates. Up until this recent /r/wallstreetbets focus on the silver industry, people would have thought you crazy if you said you bought an ASE and tried to explain the difference between currency and money.
What big banks are doing with Wall Street should be, and at one time was, criminal. It's not anymore because the right people lined the pockets of the other right people. If the person on main street doesn't wake up and stop this type of action, then they will keep getting screwed by those same banks and politicians. Any action now to delay it is simply kicking a hand grenade further down the road and praying it doesn't explode.
having the government step in and stop people from purchasing silver is totalitarian enslavement. Don’t be such a braindead moron that you think that we must remain slaves to the usurers because it would cOlLaPsE tHe SyStEm
Calm down my man. I think you’re missing the point of what I’m saying.
I’m not condoning or approving the government stepping in to stop people from buying silver. I completely agree with you, it is absolutely a move from a totalitarian government - a government being run by the same corrupt politicians we are trying to get rid of. If they do this, think of all the support the Biden administration will lose (if they even have any now). You do realize how many people would be instantly red-pilled from something like this happening, right?
At a certain price point, the banks literally won’t be able to cover their short positions because they won’t have the money to do so. That also means they don’t have money to issue loans. No one can borrow money to buy a house. No businesses can borrow money to expand. Do they also stop credit card purchases? They can’t risk people defaulting and not being able to pay it off. What happens if they start limiting the amount of money you’re able to withdraw from your bank account because they simply don’t have it?
Biden’s administration will be forced to step in and do something.
Our money is in the hands of these banks. Yes, they are the ones who fucked up, but if they lose all of our money then who is really paying the price for their mistakes?
don’t you get it? our money is only in the hands of these banks if we don’t buy precious metals. Buying precious metals is literally taking away their power and yes there is pain when exposing decades of fraud but it MUST BE DONE.
Yes, I get it. If you are able to purchase physical precious metals, then absolutely we should. But how many of us are actually going to get their hands on physical silver? I assume it’s less than 1% of the US population. And even the ones who do aren’t going to be able to put their life savings in silver. It’s not a liquid asset. You can’t pay for things with silver right now.
I’m just very concerned of all the ripple effects a sudden shock to the system like this will cause without some sort of plan in place. Especially if our government decides to print massive amounts of money that causes hyperinflation.
Think of everyone who is retired and has no source of income and has all of their money in savings. If we go through hyperinflation then suddenly our elderly won’t be able to afford the cost of living. Same with people in their late 50’s and early 60’s. They suddenly will have to work a lot later in life than they were expecting since the value of their savings suddenly is worth much less. More people will be in the labor force, so more people will be unemployed...
Unless there’s a simpler solution to all of this I just don’t know if an absolute system failure will be for the greater good. Exposing the corruption and fraud and implementing a well planned change to the system is the best route in my opinion.
I appreciate the courage to posit an unpopular opinion. A few questions:
Thanks for enlightening this semi-functional retard!
I was just sharing my basic and simple knowledge on how the system works. I am by no means an expert. I just want to share my concerns about how intertwined the system is and what it could mean if the banks crash. I’m not defending them, but I want people to understand the implications. In the end, if the banks crash, we will ultimately be the ones who are hurt by it.
Based on my limited knowledge I don’t know the answers to your first 3 questions. It seems like you know more about how it all works than I do.
This is a good point. If you purchase physical silver then by no means would you want to convert it to USD. I was more so referring to making money by trading silver commodity futures and never actually taking ownership of physical silver. A good real world example right now is in Argentina. They are experiencing rapid inflation. Argentina is the world’s largest exporter of soybean oil and soybean meal. But with the rapid inflation, the farmers aren’t selling their soybeans because whatever the money they get paid for it is worth less the next day. So they are holding onto their soybeans as a hedge against inflation.
I’m not defending the banks by any means. The banking system generally works just fine. The part where they really fucked up is by shorting stocks and commodities. They use the money they got from shorting to issue more loans and make more money on the interest. This is all driven by greed. They absolutely know the risks if something like this were to happen, but they did it anyway because they are blinded by their greed.
This problem really stems from the repeal of the Glass-Steagall act by Clinton. This allowed investment banks and regular banks to converge as one as puts the risk on regular savers and not just the investment banks.
After the Great Depression Glass-Steagall was enacted to prevent it from happening again. The good ol' Democrats (and the Rino's) got rid of that shit so the banks can vacuum up all of our money when they fuck up.
I was just talking about this to a friend of mine yesterday. Think of all the financial crisis that have occurred since it was repealed.
Thanks for responding! I did not mean to imply that you were on the dark side, and acknowledge that MOAR financial turmoil will add stress the to the already-vulnerable.
This entire shit show has been an eye opener for me (and I thought I was already cynical...kek).
Mostly curious whether credit unions are similarly over-leveraged
WWG1WGA
I thought maybe my post came across as if I was trying to defend the banks so I’m glad you didn’t think that!
I don’t have much knowledge on how credit unions work unfortunately so I can’t shed any light on that subject.
But I do believe that if this is part of Q’s plan then it will all work out in our favor in the end!
The FDIC had to offer the up to $250,000 insurance on all bank accounts then they would only have enough currency to cover about 2% of bank accounts.
Thank you for sharing. That’s a lot worse than I was expecting it to be. Even though the banks got us into this mess, we might ultimately be the ones who have to pay for it.
Like folks say in construction work:
It gonna get ugly before it gets pretty.
Happy to see some folks are worried about this take down of the stock market.
It’s no one’s fault but their own, but that doesn’t mean we won’t have to pay the price for it.
I’m optimistic, however, that it will all work out in our favor. If this is all part of Trump and Q’s plan then they already have a solution that will be to our benefit.
Recall call the Lee Greenwood song POTUS always played at the start of his rallies? Study the lyrics.
https://www.popularresistance.org/docs/bail-in.pdf
total fucking larp.
Ummmm.... If we have no banking system and Americans lose every penny.... Seems like a perfectly good way to usher in Communism. ??
This whole thing stinks to high-hell.
I hate the banks too.... But completing destroying the banking industry along with the dollar seems like a horrible idea. Very short- sighted and seems like CCP is behind the entire GME/SHORT and SILVER conundrum.
I don't disagree.... But for those that have Boomer Parents nearing retirement....it's pretty important that they don't experience a complete crash of their 401k and the value of the dollar in savings.
Our banking system as it exists is a gateway to communism.
You cannot create something from nothing. That's a law of nature. Nothing is spontaneous.
One of the laws of communism seems to be that you CAN create something from nothing ... they apply it every single day printing money that becomes more worthless by the minute. For a while there, the claims that fiat currency are backed by the GDP of the nation the currency represents could have had some merit at one point, but we are at a point where we blew past that number and are printing based on feelings and whims and favors.
Dude idk what you want at this point. If there is no plan(god forbid) than what else do we do? You don't retaliate physically until THE right time. If we aren't willing to go into Civil War, and our elections don't matter(plus every other institution) wtf do you suggest we do lol?
I understand what you are saying. It isn't as if people haven't thought of what you are thinking. But we are slowly being backed into a corner. The power we have as citizens is slowly being eaten away at. Fucking the banks over even at our own cost is probably one of the last things we can do besides boycott. The system is fucking fake. It needs to be reset one way or another. We are at a crossroads and we can't go on living fake realities.
If the real POTUS, DJT, is in charge, sure would be easier to change us over to the gold standard if the banks implode.
Out of the ashes we could either get communism, or the system we are supposed to have.
We’re like an old oak tree - too set in our ways to be moved. The whole thing has to come down for us to fix anything.
If its true I guess we'll all have to pitch in a bare our weight so everyone can eat.
I have a tight knit neighborhood. And my family all live within a mile of me. But I agree. We have to stop being selfish. It isn't going to solve anything.
I am a hunter and my freezer is overfilling. I told several people close to me if they ever needed anything due to not having money or just can't get meat come to me. We have to pay it forward as corny as it sounds. America used to primarily function through the unity of our communities. We have to find that again. And we have to stop relying on big government. THat is why we are in this position now.
I always through that paying our taxes guarenteed us the government would be protecting us from international threats while we are able to be independent and take care of ourselves.
Come take my silver......I have brass, copper, and lead as well if you’d like that too.
This is the way
Yep. To get my silver (been buying for 10yrs+) They'll have to take my "other metals" one round at a time.
This is the way.
Lead gets free delivery...
Condescention? Check Bullying? Check Whining? Check Threatening? Check
Looks legit.
The banks are the very last ones I give a F about. Seriously. They've made trillions off the backs of everyday people. That they feel pain for once is our fault? F them. I had nothing to do with driving up prices but I find it hilarious that the house of cards of an unnecessary Federal Reserve central bank could come tumbling down. Global manipulation by central banks has enslaved billions of people. Let it fall. Let the world realize monetary sovereignty is the right of every nation WITHOUT debt.
Banks, central banks...all a giant conglomeration of theft from people without alternatives. That they played games (shorts) and ruined it for themselves...
PRICELESS
Amen id happily be broke as shit to see all the elite burn.....
I would hand over everything. I would put myself on the street for it. The deep state doesn't realize the beehive they keep kicking. We have been cornered and at this point we are all in. I want them gone, and I want this shit fixed. I have 40+ years left on this planet. I am not going to be a slave to a bunch of evil commie fucks.
Somebody is scared..,lol
Fake news to distract from gme
No, GME was people finding out that it's possible to group together to screw over big financial institutions, but silver (NOT SLV, but real physical silver) is the Achilles heel of the big banks and really the global economy. I've known about the manipulation of precious metals, the massive shorts which is part of how they manipulate the price, and how, theoretically, if something like what happened with GME happened with silver (or gold or platinum, but silver would be the easiest as it's not $1,000 or $2,000 to buy in) then it would take them all down.
APMEX is halting silver sales for a while. When it’s available I will be buying more. Now gonna check the local pawnshops for junk silver.
MONEX may be worth a try....i bought some from them years ago and everything went smooth....possibly another source.
I think First Majestic is still selling silver bars for a modest premium over spot. you may want to order today though.
It's been said for many years that silver is what will bring down the system.
All of the banks should have been allowed to fail years ago. The entire planet is trapped in a system of inescapable debt that can never be repaid anyway. In fact, the nascent new system requires them to disappear. Their infrastructure will be needed temporarily, to use during a transition.
I think "we're in the middle of a pandemic" is not the only lie in that post.
This is reverse psychology to get more people to buy physical silver!
Whether the phony-debt dollar is destroyed, upheld, or reimaged, invest in material of real value. (Electronic pools are much easier to steal than physical holdings.)
Keep on stacking!
What. It's reverse psychology to get people to buy physical silver, so you say do exactly that? In other words you're saying the post is intended to be helpful?
Yes! Sometimes it's not Streisand Syndrome, it's white-hat psyops!
Why wouldn't he/she be spamming that post everywhere? It's not like these boards are secret. Now they're being referenced in MSM (not favorably, albeit).
They are Panicking. We are over the target. Keep up the good work Patriots. Mirror his response. The dollar isn't backed by silver or gold.
With GESARA/NESARA and going to a gold and resource based economy this could actually be a part of the plan as leaving the 'piss held up by hot air' banking system would make that transition difficult and anything but smooth and quick.
Realistically a rip the bandage of approach is likely to hurt the least amount of regular people for the shortest amount of time, other alternatives are likely to be more...protracted...
Should have happened in 1987
Should have happened in 1991
Should have happened in 2002
Should have happened in 2008
2021 is as good a time as any
Other factors involved, could probably have been done back then but would have been highly problematic as DS and kazahrians would still be in place and the clean up would not have happened, if the financial change was successful there is a good chance that the cleanup would never have happened...
Best way to go about it is dealing with all the variables(you don't beat an enemy by wining only one front), but that invariably means that the progress of one would hold back something else that could have been done faster....
The supply of money is not a driver for prices as much as money velocity is. mv=pq
It's both.
Correct - money velocity is the demand side of the equation. But it's the driver behind prices. If money velocity is down 10% that is a 10% deflationary effect, whereas a 10% increase in money velocity is a 10% inflationary effect.
This is called [ PANIC ] they know what is coming, their loss of control over us and their ultimate destruction ! Monday could b epic .../!
Hm, smells like fearporn. Lot of it about.
Buy silver, buy gold, buy land. Love your family, love God. WE are the system now. Jubilee.
I will call JP Morgan on Monday and ask to speak to GOQE HS0q. I’ll say it’s Retard6969 on the line.
Can you fill me in where this retard6969 meme can from?
Someone posted a meme of the five richest people in the world. I remember Musk, Bezos and Gates. No. 5 was Retard6969. An obvious reference to GME
Well well well then... let the games begin!
Can we please start trading in lead next. I'm sick of these fuckers. They gotta go.
I'm not buying silver for a "get rich quick scheme", I am buying for a long term investment. Seems he is probably very knowledgeable about "get rich quick schemes ". Scum.
The desperation there is heavy... I suspect the writer is very afraid.
This
I guess the banks should have put something back for a rainy day instead of waiting til the storm was upon them.
Yep, because we are not crooks, and because we are calling out crooks legally we are "unAmerican".....
Oh noes, muh bankers, muh dollar.
This is why I hold as little value as possible in Federal Reserve Notes. As soon as they can no longer fulfill the debts that the bills represent, the value disappears.
We should double down and take all our cash out of the banks as well as buy a ton of silver
don't forget to also mass-unfollow paid influencers and celebretards if you use that crap
Looking around, it looks like America's already been destroyed.
Good, so let's get started then.
By the way, has Q said anything about silver?
The entire corrupt system needs to come crumbling down on their fucking heads.
100% LARP and invitation. They WANT you to buy SLV. It's not shorted, they would make money on it.
Perfect setup for another Multi Trillion Dollar Bailout from Uncle Sam. Bankers never lose.
Until they try to get the Fed to print more money and find a CLOSED sign on the door....???
Just like last time, right? 2008? Actually Citadel was bailed out secretly in fall of 2019, and via short term treasury bonds all the banks have been getting government handouts since 2008. No Banker or Broker left behind. That is their motto.