So this is little more than a random epiphany I had while watching Parks and Rec, but it actually got me pondering and I realized there was a "slight" problem with the future economic system we all assume is going to happen. Here's the background, on the show Parks and Rec there's a character who's basically a parody archetype of a libertarian, Ron Swanson. Buff, slightly overweight, hates the government and will do anything to even slightly inconvenience the bureaucracy, etc. etc. And of course, he has a literal dragon's horde of hidden gold and silver that's he's acquired over 50-ish years of being in the work force and spending most of his income on gold and silver bullion/coins.
I was watching an episode where he was being coerced into writing his will and while they never outright said it, it was heavily implied he had at least a few thousand pounds, not ounces, POUNDS, of gold and silver hidden away. That got me thinking, as much as his character is meant to parody libertarians, there actually ARE people like that IRL that have spent 50+ years hording as much gold and silver as they can get their hands on and probably legitimately have a horde in the 2,000+ pound range to their name. Especially silver, since it's only $20-ish an ounce depending on the day.
So what happens when we go back to the gold standard, and all of the artificial suppression methods used to keep gold and silver "cheap" are done away with? For those that don't know, silver is THE single most heavily shorted asset on the planet. I remember reading a report once (about a year ago I believe) that said it's estimated that there's roughly 15 Quadrillion or Quintillion (Can't remember which) dollars worth of silver being naked shorted at any given moment if you account for every single metals market on the planet.
For those that don't know, Quadrillion is the number after the trillions, and quintillion comes after the quadrillions. So yeah, we're talking about absurd numbers that only the cabal are capable of orchestrating considering that's several thousand times more silver than is currently in existence.
Now I, like most on here, firmly believe that we'll be heading back to a Gold Standard USD post-cabal, which will result in mass hyper deflation. In other words, our dollars will be worth more, and go further, but there will be a lower supply of dollars, thus resulting in lower wages, net worths, etc.
Basically, it'll be like going back to somewhere between 1900-1930 in terms of buying power and economic circumstances.
I still believe this, but as previously mentioned, I had an epiphany while watching Parks and Rec. What happens with all the horders?
Gold and Silver, Silver especially, have been artificially suppressed since the 70s. People will talk about how "an ounce of gold is still worth roughly the same as in 1900". And that's true to an extent. Gold has lost quite a bit of buying power because of the artificial suppression, but it's still holding up pretty well. It won't quite buy you "a nice suit" as I've heard many people say, but it will still buy you a "pretty decent suit".
Silver on the other hand, is horrendously underpriced. Not only is there now a smaller supply of silver than gold, meaning it should have more value than it does if for no other reason than the laws of supply and demand, but it also has more intrinsic value than gold since silver has far more industrial usage since the advent of modern technology (most modern tech uses at least a little bit of silver in the circuitry and other bits that make your tech work).
Combine that with the naked shorting, and Silver is horrendously underpriced. I remember asking on here a while back about what people thought the real price of Gold and Silver (about a year ago), and if I remember correctly, the general consensus was that Gold will be in the $20-50K range and silver will be in the $2,500-5K range per ounce.
Now that didn't account for what I've mentioned in this post about how silver should, by all measures, be more valuable than gold at this point, but let's just assume those numbers are accurate.
Someone like what I described earlier in the post, with say 2K pounds of silver accrued throughout 50 years or so, is currently sitting on a pile currently worth around $40K-ish. Assuming the $5K true value is accurate, that turns into $10 Million overnight.
Assuming silver equals the hypothetical value of gold most seem to agree on, $50K, that's $100 Million.
So yeah, this is where the possible problem comes in. Assuming any of this is remotely accurate, there's at least a few thousand people who will basically win the mega millions or powerball overnight.
I suppose that wouldn't be all bad, after all, it's not like everyone with a handful of silver half dollars or bars becomes Daddy Warbucks overnight and essentially has an infinite money cheat on, thus allowing them to wreak havoc on the newly established economy.
But at the same time, that kind of just boggled my mind. There are probably some people out there that are going to go from middle class, to 1%ers overnight because of the suppressed value of silver and gold.
The only problem I see with this, is that it's possible some kind of adjustment will have to be made due to the hyper deflation. For example that massive $100 Million example I gave assuming silver hits $50K an ounce after all the cabal shenanigans are ended? Well accounting for hyper deflation to the same level of the 1930 USD, you would only end up with $3.3 Million dollars.
I suppose that's not really a problem when the average middle class family in 1930 made a little under $5K a year, so that's basically still the same buying power.
This is probably more of a rant than I intended for it to be, but it's just something that came to me that I figured I might as well share and let people discuss since it appears we're finally nearing the endgame with all the talk of gold and silver backed currencies and all the "actors" getting more and more blunt on the stage they're being forced to play on.
Feel free to discuss below.
I believe there will be a timing element to all of this. The way I envision it happening is that we see them continue to print money in a relatively stealthily manner until the crash of the stock market (I personally believe they’re printing money to float the stock market until after the 2024 election - people have already started to cash out and none of the current valuations make sense).
Once the market crashes, there will be a sudden run on physical cash and bullion as people are hit over the head with the realization that paper assets are near worthless. Physical cash will see a spike because it will allow people to meet their immediate financial obligations and purchase necessities, and bullion for those with assets and no debt who see what is happening and are looking to preserve their wealth. This is the point in which deflation kicks in. As all of the credit is sucked out of the economy, businesses and people will be going bankrupt left and right. People will sell pretty much anything they have for whatever they can get for it as they try to buy food and preserve core assets. I wouldn’t be surprised if we see people sell things like electronics, vehicles, recreational real estate, jet skis, etc for 20 cents on the dollar. In the absence of credit, this desperate rush for cash will be the first step.
In the midst of this shitstorm, there will be enormous pressure on the government to print more cash. They will have no choice other than to overtly turn on the printing presses and run them at full speed. As this tidal wave of cash now hits the economy it will lead to triple digit plus inflation, and the devaluation of cash with the price of goods changing daily. Remember, production will be at a low because of the collapse, so there will be fierce competition for food and other essential items. This is when the government will overtly push for a communist system. Those responsible enough to save and prepare will be painted as the villains who have taken everything and are holding out while their fellow citizens suffer, and the “only solution” will be a woke government that can equalize everything. At this point the gloves are off, and if there is a plan, presumably the white hats will play their cards.