Re: El Salvador president Nayib Bukele makes Bitcoin legal tender.
Not sure if this means that you are a proponent of globalism, but you say:
quote:Protectionism is choking everybody out, and the Republicans are as bad or worse than the Democrats. It was not always that way)
(Protectionism has always been a problem, mind you. Even in the most "pro-free trade" types of years, protectionism is the most powerful overall force. The beast that keeps ripping the guts out of human progress)
So who is everybody? Seems to me that protectionism keeps the rest of the world from choking us out.
Investopedia writes:
Protectionist policies place specific restrictions on international trade for the benefit of a domestic economy.
Protectionist policies typically seek to improve economic activity but may also be the result of safety or quality concerns.
The value of protectionism is a subject of debate among economists and policymakers.
Tariffs, import quotas, product standards, and subsidies are some of the primary policy tools a government can use in enacting protectionist policies.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
I have been listening to some of your assertions and rationally minded points concerning my arguments and their lack of substance.
I apologize for being somewhat scatterbrained and I will even attribute much of it to my health and my higher blood sugars. The sugars are coming down, by the way, and I am owning responsibility for my health. I took a month off from work in order to address these concerns, and I want to thank everyone at EvC Forum for putting up with me.
I also have a bad habit of conflating my basic rant over a broad range of topics--many of them started by me myself. It is in retrospect somewhat callous and selfish, so I will try and limit my argument to this topic and focus on the one area which I have been studying in the past month---transitory inflation as opposed to 1970's style inflation, the differences between 1970 and 2021, and the likely future.
Percy writes:
I do not understand why you fancy yourself some prescient messenger sounding the alarm before deaf ears. If you want to discuss actual data and information then I'm interested, but if you're going to just keep issuing a call to arms against invaders apparent to no one else and about whom all you can say is, "They're coming, be afraid," then I'm going to start ignoring you.
You and I never argued much. Jar was always my obsession, and that old Texas Horse has been beaten to death! I think that EvC and I have basically discussed religion to death (or eternal life! : ) and I'm through with religious arguments for the time being. My focus is economic/financial arguments and the jury is still out whether or not I am listening to the apologetic cons and shills of that realm.
My basic argument regarding the financial realm in a global context is that much goes on behind the scenes and under the radar (or concern) of the Treasury Secretary, the head of the Federal Reserve, and the day-to-day news of the financial media. For the record, I have a local close friend, a man whom I have known for 38 years, who tells me I am scared of reality. He would argue that booms and busts, stock market expansion and contraction, and US inflation itself are cycles that always happen and that there is no undue cause for concern. And I realize that I often seek a boogieman as the reason that my personal life is not fair or going the way that I want it to and it helps for me to talk out my fears, form better arguments, and understand reality in a sane context rather than a reactionary one, which I tend to do here. (at EvC) One favor that I ask in this thread is if you can help me add a few MP3 audio clips so that I can advance my argument verbally rather than only in writing. Is that easy to do or not? I can create the basic MP3 files, but as of yet there is no way to paste them into Forums such as this and I was unaware of how this affects your bandwidths. I DO know that we are able to have YouTube videos here, but I wanted to find a way to share some audio clips.
I will try and respond to all of you in a measured and rational way as opposed to manic and reactionary. I will also try and keep my argument focused on finance.
Now to address your questions from another topic:
Percy writes:
Without linking to any video or webpage, explain the following:
Define the "US lifestyle in the early 70's" and enumerate which of its qualities you think we risk losing and that should be preserved.
I was ranting. Upon reflection, the only thing I wish that we had now that we had in the 70's is a lower National Debt. The numbers seem totally out of control and nobody seems to care any more.
There have been periods of higher inflation all through our history. The inflation that began in the 60's and extended through the 70's (Remember Nixon's wage/price controls? It wasn't just the oil shocks of the late 70's causing inflation.) was back to normal by the mid-80's. Explain how we were different from other countries before that period of inflation, and how we were just like them afterwards.
What I miss is the cocoon of exceptionalism and power that we used to have. And I know how you all will likely respond to that statement!
Percy writes:
It isn't money that fills people's hearts with compassion and empathy. It comes from within.
When I was a kid selling stuff door to door I quickly learned to avoid rich neighborhoods. Rich people would shut the door in your face, while the poor would invite you in, give you a drink, and as likely as not buy something.
Your view of the world is contradictory, warped, ignorant and cruel.(...)
What forces and/or circumstances are placing the dollar's status as a global currency at risk?
The excessive quantitative easing, the suppression of Gold and Silver which should by all logical standards be soaring as high as bit-coin, and the resulting creation of inflation which in my opinion is anything but "transitory".
The US ranks 15th in quality of life (Standard Of Living By Country 2021). None of the countries in front of us have a global currency, unless you count the Euro which doesn't belong to any single country. How do you explain that, for example, Finland, Estonia, and Slovenia are in front of us?
Probably because we have a GOP bent on reducing taxes for the rich and also have an enormous and ever-increasing National Debt. Keep in mind, however, that both political parties add to this debt and I fear that kicking the can down the road has reached its limit very soon.
Percy writes:
Until you learn how to think through the data and to reason for yourself you'll continue reaching in the dark toward voices that resonate most strongly with you, no matter how nonsensical and fact-free they are.
I'm working on it, Percy.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The high national debt is almost entirely due to Republicans.
Though Reagan started the escalation, and though Bush and Bush,Inc continued it, Trump was a train wreck with those Tax cuts. That being said, these stimulus entitlements are costing us quite a bit, and so is rebuilding the infrastructure. Hard telling how much a Green New Deal will end up costing, but I understand the differing priorities of each political ideology. The point is that the debt is now hovering at roughly 28 trillion and the point of no return is rapidly approaching. There is simply no way that we can pay it back.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
You do have some good points. Upon reflection, allow me to comment.
The point of no return happens when the interest on the National Debt exceeds all tax revenues. At that point, even raising taxes would not help stem the hemorrhage.
When will U.S. debt become unsustainable? The enormous borrowing during the pandemic was sustainable long-term ONLY because interest rates are low. If interest rates rise again, the debt will become unmanageable.
And you all can call it a conspiracy theory, but one of the main reasons that Gold and precious metals do not rise to their historical levels is because the US Treasury defends the dollar at the expense of Gold. Knowing what I have read about it, I will say that if you peek to the end of any book, Gold Wins. Gold has intrinsic value. The dollar is currently the premier Global Reserve Currency and allows America---unique among other nations, to live beyond its means. (Though debt is a global thing). Surely you are not among the group that expects the bill to be paid at the expense of many of the middle class, are you?
I can provide many quotes from many sources, though if you believe the Fed, I likely won't convince you.
Edited by Phat, : No reason given.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
But the price of gold has nothing to do with its intrinsic value. The price is kept artificially high by the demand of those goobers who think it has some magical universal "value". In an apocalyptic world (which you predict), try eating gold. You might very well wind up trading a brick of gold for a can of sardines.
You don't understand basic finance at all and its no wonder very few people do. Gold is kept artificially low rather than high. The reason is to defend the dollar. The dollar is manipulated to a large degree and allows the US citizens the huge advantage of living beyond their means. If the financial stock or bond markets collapsed, the price of gold would skyrocket to well over $10,000.00 an ounce. The reason being that people would desperately need a dependable place to park their money and preserve their purchasing power. Though true that one cannot eat gold, they cannot eat hundred-dollar bills either. Want evidence?
1) Roosevelt confiscated the gold through an executive order in 1933 and paid the public $20.67 in paper currency per each troy ounce. During his fireside chat, he explained to the public that "Behind government currency we have, in addition to the promise to pay,(the words on silver certificates if anyone recalls) a reserve of gold and a small reserve of silver, neither of them anything like the total amount of the currency". So he basically admitted that the US did not have enough gold and silver to back the currency. Remember that the world was still on the gold standard. Now....following the passage of the Gold Reserve Act of 1934 Roosevelt then raised the price of gold to $35.00 an ounce, effectively devaluing the dollar by 69%.
If you doubt the manipulation and if you think that gold is, as John Maynard Keynes proclaimed, "a barbarous relic", explain to me why the central banks own nearly half of the world's gold and expect to increase that number? The price is definitely manipulated to keep the true value low.
Of course, you may make money investing in cans of sardines! Food prices are expected to increase. Inflation is not transitory!
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
That is not manipulating the price of gold to to keep it low. It’s not even a sign that the banks think the price is low (else they would be buying now). The basic concepts of supply and demand are not that difficult.
The banks dont own Gold as an investment. They own Gold as a backing for the dollars. By owning so much Gold, they can control the market through buying it and selling it so that the Gold itself never goes out of their control. The Gold is still the bedrock of the financial system after 5000 years of History. Though our money (and global currency) is not tied to Gold, Gold itself competes (by default) with the fiat currencies of the world. The financial system makes far more through fractional reserve banking, derivatives, Bonds and Stocks than it could ever make on Gold or Silver. Nonetheless, they would have no reason to even own Gold had it no role to play in the whole global financial system. Here are some facts: 1) When FDR outlawed the public possession(hoarding) of Gold and paid out $20.67 per ounce, ordering the public to surrender their metal...then raising the price to $35.00 an ounce which instantly devalued the US dollar by 60+% he had (or "they" ...Central Bankers and Governments) a reason to do so. The currencies can be manipulated. Gold and Silver cannot. They CAN be suppressed and they can be sold as paper futures, but the metals themselves are the default value of the entire financial system. Stocks are based on dollars. Bonds are based on dollars. Derivatives and real estate are based on dollars. Other currencies are based on dollars. Oil is sold in dollars (or one of the other two or three global reserve currencies. But dollars are still based on Gold. Not other currencies and not the faith of the US government or the "god" printed on the money itself. When Nixon took the US off of the Gold standard in 1970, Gold went up and the money was continually devalued. $10.00 in 1960 is roughly equivalent to $100.00 in purchasing power today. An ounce of Gold never becomes worth less, The dollars it is measured by do. Banks own Gold as an insurance policy. Gold (and Silver) is NOT an investment.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
I will have to reread a lot of what I have listened to. Though some sources, such as Schiff, are less believable (to you at least) than an official statement from a Treasury Secretary, President, or Federal Reserve official, I smell a rat...and I'm not blaming Biden any more than I would blame Trump, Nixon, or even FDR.
This sort of stuff has been going on a long time and the reason it is becoming important now is that there is no way that the world can keep doing this sort of thing due to the fact that debt is far out of control. Perhaps a proper question to ask ourselves is "so what"? One thing that worries me a bit, however, is that the population of the US will someday soon not be allowed to live on borrowed money any longer. If that doesn't concern any of you, perhaps you could explain why.
I simply squirm at the idea that the quality of life that I grew up with may someday be nothing more than a memory. I also am interested in what many of the financial apologists say about a "great reset". I don't think its that far fetched.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The thing is I intuitively understand it but can't yet explain it in words. I just know when something is right. (Or think I do)
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
It is a bit of both, Taq. Gold and Silver will always have an intrinsic value. The manipulators can never take away the value. They can, however, hold the price down and discourage the general public from investing in the metals as they would, say, Bitcoin. As I have said before, the precious metals are more of an insurance policy than they are an investment. The Reddit raiders could never control the silver market. Bigger fish than them would do whatever it took to dump on the price if it increased measurably. One such big fish is JP Morgan. Statistics show that they own the 2nd largest amount among the big fish.
Who Owns the Most Silver Bullion Today? A quick check of otther sources in the search engine confirms the basic accuracy of the report.
Unlike investors, the big fish seem to use their large stashes to dampen speculation and keep the prices controlled in order to prevent the disciplines naturally present in Gold and Silver trading to expose the soft underbelly of traditional investments. Does that make any sense or do I need to try and explain myself even in more detail?
Essentially, all investments can be manipulated through various means, and profits can be skimmed on the way up and on the way down. Its all a giant game for those with the money to play it.
Elon Musk knew how to play the game well with his publically uttered statements on Bitcoin.
My point regarding the metals is that once the real truth about the price suppression becomes known to the general investor in what you call traditional economics, and once the realization that a correction is inevitable, the investors and their money will be looking to park it in a stable and safe haven while the correction occurs. 30% corrections in stocks, for example, are not uncommon over the course of years and cycles. The problem with the current situation is compounded by several factors.
Quantitative Easing and a runaway national debt. The debt is essentially in checkmate due to the fact that interest rates now MUST be kept low to keep us out of default on the interest payments. One of you asked the hypothetical question of what would happen after a possible default or national "bankruptcy"? Do we know? Is it a problem? Answer these questions yourselves.
The rise of other competing global interests and rivals to the dollars traditional role in global commerce.
The role of the Federal Reserve in the midst of all of this
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
Trade deficit isn’t a problem until it’s a crisis.
Home sales fall while home prices rise.
Rent prices increased 25% year over year.
Fed’s only monetary policy is talk.
Markets may have begun calling the Fed’s bluff.
Powell finally admits this inflation is permanent.
Edited by Phat, : added link
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The only reason they(Precious Metals) do have value is people are willing to trade them for dollars. They are as much of a fiat currency as any other. What other function do those metals have outside of trading for currency? If silver was only sold for its use in photographic film, what would its price be? If gold were only traded for its use in products, what would its price be?
Price=Value. The question is not what the price would be in dollars. The question is what the price/value would be relative to any/all currencies and/or other commodities such as a barrel of oil.
In fact, stocks have more intrinsic value than gold or silver. Business still produce things, but gold and silver do not. What does a gold bar do for you? Does it mow your lawn? Does it make cars? Is it used to build houses? What does it do, other than sit there?
For 5000 years, that gold bar has held its value, unlike a hunk of Lead or a Rock (aside from Diamonds)
Look, all that I can do is to show you some of the analysts that I listen to. They have been traders in the commodities markets for many years and though it is true that many of them have a vested financial interest in defending commodities, they are not any more shyster than is a stockbroker or advisor. Ringo insists that I put this explanation into my own words, and though I am trying and learning more every day, I have 1/100th of the knowledge that these analysts have. Judge for yourselves. Each one of us has investments of some sort. Most of us listen to our advisors regarding stocks because stocks have enjoyed a decade-long Bull Run and have made us a fair amount of money. My question to you guys is this: Do you really understand the relationship between US Dollars, other foreign currencies and commodities, derivatives and "paper money....including futures, short squeezes, and even the futures markets which contain "Paper Gold and Paper Silver"?
Just watch these guys and give me your intuitive perception over the degree of honesty, Bullshit, and whether they are slick cons or merely veteran traders who see the hypocrisy in the financial markets.
Will silver rigging ever end? I know that time is limited for many of you, but if you can see the bullshit that I can't, apart from the fact that these men earn their livlihood over the precious metals industry, kindly explain to me why what the banks do to the investors is legal and why the manipulation is simply a time-honored Wall Street tactic?
The smartest among them is Rob Kientz who sees the big picture behind all of this and offers a rational overview. He joins the other 3 a bit later in the podcast. (8-minute mark) if you are short on time and are willing to give it a fair listen, skip to the 8-minute mark and listen to Kientz.
Transcript writes:
you know what the price of gold has done and the price of silver has done since early 2001 i mean both have been among the best performing asset classes over this 20-year period so the best that they're able to do and and this is because of the enormous physical demand for gold coming from the eastern hemisphere and other central banks now there's been several central banks recently that have announced they bought a bunch of gold in the first quarter and during the second quarter this year and this is physical gold that has to be delivered to these, you know these countries central banks in their own countries not necessarily kept in London some of it's kept in London so um they're basically what you call a managed retreat and if you just look at it over a one year two year or a couple month period yeah it seems like it's never gonna end
but in terms of the big picture i mean gold and silver are in a multi-decade bull market and the only thing the manipulation and intervention is going to do is extend the time at which for which gold and silver will be in that bull market and i think that'll i think the bull market ends when we have an eventual reset and that'll reprice gold and silver probably not in dollars at that point chris what do you say to that so i agree with it if i may hold you for one second here is rob keynes he is logging in
rob great to have you here brother welcome on in and glad to have you talking some silver how are you today sir doing well thanks for having me on well it's a pleasure and uh we'll let you finish up in the bullpen there well uh chris why don't you take it away and share your comments on what dave said or anything else okay so yeah i agree with what dave said completely i will correct him in fomc minutes in 96 greenspan said "should the price of gold rise we will lease gold and increasing quantities well he also said that verbally in congress oh he oh i didn't catch that yeah there's a youtube video oh and and all the course or the statements in the fomc minutes in the 90s between him and uh another fomc FMC member i forgot his name he was terrible too chris so no, manipulation is never going to end uh ever since gold and silver have been money they've been manipulated i mean not electronically through paper but the baser currency the melted down coins put added copper and main new ones with the lower gold or silver content so there was always this manipulation uh so that's never going to change even when we get a reset they're going to find another way to try to do it uh but you can't get discouraged because while you can manipulate it in the short and medium term you can't in the long term like i mean look what dave said you know the bull market and precious minerals really began in 2001 and there's been periods of it being just pummeled to death like 2011 ...2012 recently
but if you look at the long-term chart it's just a steady rise
Edited by Phat, : No reason given.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The thing that strikes me about the transcript is that he says that the price of gold and silver is rising (a “bull market”) and the “manipulation” will continue the rise.
So the “reset” will be a fall in the price (the end of the bull markets).
That really doesn’t support your idea that the price is being kept artificially low.
The price has been kept stable. Low and High are relative terms. It seems to be a fact that the price of both Gold and Silver has been manipulatedmanaged and not allowed to let its value be determined by a free market. By being managed, the price has increased slowly and steadily over the past 80 years or so.
The reset, as I understand the concept, only means that the dollar will no longer be the standard by which stocks, commodities, even properties, and bank accounts are measured. The reset will involve a transfer of control from one hemisphere to the other. The Bull market of which the commentators speak is the slow and steady (managed) rise in the metals price relative to the dollar. When the managed Bull markets end, they will not be replaced by bear markets. They will be replaced by free-market speculation which no bank or government will be able to control (unless they again confiscate the metals and prohibit free trade.)
Edited by Phat, : spelling
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
I watched your recommended documentary and was edified, impressed, and grateful that you shared it with me. Human nature is indeed a primary impetus for the cycles of boom and bust that have occurred since ever. Hyman Minsky was an individual whom I knew little about until your video spurred me on to study his theories in detail.
So how do Bubbles relate to the current economic global situation?
In my opinion, the US Dollar is in a bubble and willo eventually pop, taking a lot of related investments down with its fall correction.
In my opinion, Gold and Silver will themselves provide a counter-cyclical and temporary refuge for investors seeking a safe haven. After watching your video and the educated opinions of those involved in making it, I now conclude that my best strategy will be to ride out the bubble that will form in the commodities after the dollar correction, being wise to sell when everybody wants to buy-in.
It is said that one cannot time "the market" or any market, but I think that it's safe to estimate that one must be detached from emotions, greed, and desperation. So the silver people (many many sources) say that silver will easily double and may fo on to increase up to ten times its normal (aka current) value. I likely will avoid exuberant greed and optimism and sell it only when it doubles and not in the mad rush that will follow. After all, ringo is right.
Worship only Jesus...not Gold, Silver, or Human emotion-driven speculations and plans.
Food is always more valuable than precious metals.
Do as Jesus said and keep the people in mind before profits
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
This is correct, in my opinion. Its that everything else changes, corrects, and bubbles get popped. The metals are a stable place to park your investments for a brief season after the dollar correction until the metals themselves will begin to form a bubble. It will be wise to know when to get out before that bubble also pops and leaves you as flat as you were before.
Peter Schiff seems to me to have a grasp of reality and is not a con. Perhaps his Dad was less brilliant than he is.
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
The price has been kept stable relative to the US dollar. As inflation has whittled at the dollar's historic purchasing power, the metals rise.
As I said before, by being managed, the price has increased slowly and steadily over the past 80 years or so. This is relative to inflation over the years.
A free market would destroy this stability and the government and banks couldn't stop it. Rampant speculation borne out of desperation would drive the frenzy.
What I see happening is that at the point after the US Dollar correction, the precious metals themselves will ride a bubble. The time to switch back into what will likely be a new Fed digital currency will be early in this bubble rather than later (when it too pops)
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox
“The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.” - Criss Jami, Killo
“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You (1894).
I think that EvC and I have basically discussed religion to death (or eternal life! 
: ) and I'm through with religious arguments for the time being. My focus is economic/financial arguments and the jury is still out whether or not I am listening to the apologetic cons and shills of that realm.
Food prices are expected to increase. Inflation is not transitory!
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