4
kosher 4 points ago +5 / -1

Even a supernova is not powerful enough to fuse elements to create heavy metals, you need a kilonova

2
kosher 2 points ago +2 / -0

Correct. The gold is rehypothecated - gold is used as collateral for additional debts many times over. The gold is initially leased by the LBMA and many more contracts on that gold is issued and sold on the futures market.

Typically gold is not supposed to leave the vaults, and the banks would settle with paper at the close of the contract. Banks need to pay attention to open interest (which is the total amount of outstanding derivative contracts). If it's too high, they need to shake the tree and prevent a mass of contracts from taking delivery.

5
kosher 5 points ago +5 / -0

They have specific times they like to flood fake gold contracts around the options expiry and will always try to temper the enthusiasm to below 2%.

2
kosher 2 points ago +2 / -0

They were ordered to give the timeline to give the evidence in 14 days, not 14 days to give the evidence.

1
kosher 1 point ago +1 / -0

That's ridiculous, facts are an observable truth of the world that is irrespective of value. Useless information are lies that require more energy to protect.

1
kosher 1 point ago +1 / -0

For me one of the biggest threats to bitcoin is it relies on rational actors on behalf of the minors, where I don't see them being rational when production comes a lot harder to come by. Plus I think it's important to be backed by something physical.

The storage fees and being less liquid and less of a concern as I prioritize the proxy for wealth/store of value over medium of exchange.

2
kosher 2 points ago +2 / -0

I never really believed they would be pegged to the US dollar as a means to lessen hyperinflation, which is why I thought they would use BRICS when they were announced.

I would be hesitant to have bitcoin as the reserve currency but that's because I'm an old fashion gold bug, On the other hand, moving to bitcoin is a good way to transition to a free gold type of standard.

3
kosher 3 points ago +3 / -0

Yes, It was able to be manipulated when his buddies created a futures market for it. If they can create gold out of thin air what makes you think they can't do the same with Bitcoin.

3
kosher 3 points ago +3 / -0

I saw some pictures where the city put large pots with plants to prevent homeless people setting up camp when they return.

4
kosher 4 points ago +4 / -0

Liberals are in panicking as they are sliding in the polls and he only paused heating oil for Atlantic Canada in order to buy their votes for the next election. There is no question the Liberals would add it back if they were elected again. I hope the Atlantic provinces don't fall for it, but I don't think there is any trust there so there is nothing they can do to bring the trust back.

8
kosher 8 points ago +9 / -1

RFK is going to Ross Perot the democrat party, love it

1
kosher 1 point ago +1 / -0

When I see a child wearing a mask with their mother, I would call her a terrible mother. They get so angry.

1
kosher 1 point ago +1 / -0

MacGregor is a workhorse, I probably see a new interview from him every other day.

32
kosher 32 points ago +32 / -0

Wizard of Oz is about the political climate in the 1880s around money where there was competition to the gold standard with people advocating for a bimetalic standard with silver. The yellow brick road represents the gold standard, while Dorothy's slippers were silver in the book (adapted to ruby for the movie).

The scarecrow represented the farmers, tin man the industry in need of oil, the cowardly lion was William Jennings Bryan, who was a pro-silver advocate.

2
kosher 2 points ago +2 / -0

The key would be Saudi Arabia where I won't be surprised. I'm sure they look at Ukraine and think the military protection that was the key part of the deal with the petro dollar, and is not much protection.

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