gold, page-109337

First 109337 Last

Share
Profile

Follow
Rleonars

3,164 Posts.

618

14/05/22

17:19

Post #: 61409932
Share

Originally posted by Dentie: ↑

They are in the corner - and they did it all by themselves (they can't even blame Putin). The Fed have printed so much currency which is not backed by productivity (ie - ultra inflation) and the resulting price increases were fully expected.

The level of debt is so high now it is shameful (IMO) and the asset bubbles (Stocks, Real Estate, Bonds and Bitcoin) were all blown by the ones closest to the new cash. They cannot afford to raise the rates to what they should raise them to in order to kill the "real" CPI rate - so they will talk tough and raise them a little bit but then I think some other black swan event will happen and they will gleefully reverse course and no doubt start printing $$$ again.

I don't think it is going to make any difference in the finish...the world seems set to endure one hell of a shit show (in all respects) and, as always, the innocent people are the ones who will pay....big time. Yes, I think those who have not taken steps to prepare themselves for what's coming are going to wonder what the hell is happening. I just hope at the end of it all, when the dust has settled, the "people" remember who caused all this and then act decisively to make sure those responsible never be allowed to control the financial system again!

Unfortunately, in order to correct the situation, I think what lays ahead for us all needs to happen. The debt will never be able to be paid off conventionally and so it will be paid off using massively inflated currency (with no purchasing power attached). Who knows, maybe all or part of the sovereign debt will be "forgiven" in some way - but I bet the poor buggers owing mortgage debt will not be allowed to share the same level of theft!!

Expand

BlackRock mentioned in this article about possible collusion in crashing some cryptos this week…

Not a surprise to some that this company is alleged to be involved is “spoofing”….

We know big financial institutions proven continual involvement in spoofing the precious metals…

https://www.news.com.au/finance/markets/world-markets/the-evil-genius-plot-behind-the-cryptocurrency-market-crash/news-story/cac8af2a5d996ee7a88a45f753ffabc3
4 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

There are more pages in this discussion • 20,012 more messages in this thread...

First 109337 Last

Add GOLD (COMEX) to my watchlist

gold, page-109337

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Firefly positioned for copper growth in Canada ahead of resource update

Featured News