Gold destroys the Fed!
(media.greatawakening.win)
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When the movie ends, you do not want to relate gold to FRN as it is totally worthless.
Right now, 98% of the 1933 value is already gone. What does a decrease in value of 50% add to the loss? just 1% decrease. Chances are by then you are better off wiping your ass with it.
But the game of chairs is still ongoing. 1900.99 acts as a resistance right now. That just happens to be the correction level of dec-28.
I would not get the hopes up. When or before it touches 1920,94 it will be drawn down with so much paper the dollar will increase in value to the Euro. 1.12-1.10.
The spot price is no indication for the quality of the economy or anything else. It is just a number they can work with. That is just 4 people deciding this ploy, folks.
We work with the availability of the physical-metal. On top there is the premium and the transport & the [de]livery costs. When that premium starts to swing upwards that will mean the total disconnect of reality with the exchanges.
It could cause the crazy situation that the dealers will by gold for spot + a little premium, and sell it for spot + a gargantuan premium.
You sound like you know a whole lot more about than me. Interestingly, though, what you've described reminds me of what others have said about an expected deflation of gold as the fiat makes a last stand, but after that, those 4 people/entities controlling the gold price will be removed (or lose their ability to control the price) and the value of gold will skyrocket.
As for me, if I still have any remaining debts (like a mortgage) that are fixed and are based in fiat, then gold can help me eliminate them.
Eventually it will.
Eventually, when FIAT approaches 99,5% value loss, you mortgage is cheap. THe only issue is: can you obtain enough fiat to pay down the debt?
And this is where things get interesting. How are they going to Great Reset on you when you can payback the debt? How are they going to come to your rescue to take over your house and give your a debt jubilee?
What is a jubilee without feeling the need for a jubilee?
What if your interest payments can no longer be met because your variable interest is 20% because of a cyber attack!
You know what the price of money actually does? It crunches the available avenues to make a buck, because no one can afford it. And because no one can afford it, the transfer of assets through foreclosure and bankruptcy is quite apparent. Prices of goods and services continue to raise, and those without assets, renting stuff as just as much in a bind, as those with the incapability to service the debt.
A lot of wisdom in your comment. I can at least say that my debts are fixed rates, and very good ones at that!
That was a very wise decision!