Yes, an important post, yet crickets.
Those silver ETF's ARE worthless already. Simply paper with words on them.
Possessing any gold or silver ETF's does not mean one owns gold or silver.
Possession is 9/10 of the law.
When a silver dealer is selling more certificates than they have in physical possession, that is called the Mandrake Mechanism, or fractional reserve banking.
What the dealer is banking on is that certificate buyers won't call on them for possession at once, at the same time.
This has been going on for centuries.
Currency is not real in any sense. Currency vs. money. Know the difference?
Currency is paper money backed by nothing. Federal Reserve Notes, (take a look at a one dollar bill closely), are nothing more than debt instruments.
Money is hard specie coin made of gold or silver, struck with a weighted, by gram, amount of gold or silver, backed by gold or silver.
This cryptocrap is binary code with nothing backing it but hype.
Modern Money Mechanics Creature From Jekyll Island
Both available in pdf.
No, I completely understand it. It is not hard specie money. Know what that is? Currency is not money. Hard specie money is gold or silver coin, backed by gold or silver. Absolutely NOTHING backs bitcoin. Hyperbole has driven the "price" up.
If cryptocurrency had value backing it, it would be called cryptomoney.
Seriously how can code of one's and zero's have any value? It cannot, ever.
You might want to educate yourself on money vs. currency. Let me help.
Modern Money Mechanics. Creature From Jekyll Island.
Both available in pdf.
User names are simply user names....Knuckledragger. Telling of your IQ.
Thank the CIA for all of the shit.
who gives two fucks about the Biden's?
MOD, please post shit that matter!
Thank you from the rest of the members here.
You are too distracted by shit of no importance!
Your response is useless.
Try again. Wife is Asian.
Try again.
NOnexistent.
Our REAL estate values keep going UP, based on property tax values.
20K in dirt. 50 rental properties. Zero mortgages! REAL value.
Screw an imaginary currency!
Serious investors do REAL estate. Gates, Buffet comes to mind.
We have done the same!
Just a matter of time when the rug has been pulled out from the suckers.
Damn, wow!
Grateful for where we are!
Good luck, friend!
What can I say? Sorry. Sheople you are. REAL Estate has more value than a fake currency. Bitcoin is a fake currency. NOTHING backs it but hype.
Learn the difference between currency and hard species money.
I took fake currency, US dollars and converted it into a REAL tangible ASSET. REAL estate. I own REAL dirt and properties.
Can you put your hands on Bitcoin? NO.
You truly want REAL estate. but can't get your hands on it.
Bill Gate bought over 240K of dirt. Wonder? Does he own any bitcoin? Doubtful.
Same as Warren Buffet.
"A sucker is born every minute"- P. T, Barnum.
Try again.
You are correct.
You are a smart human.
WHAT backs it beside hyperbole? What commodity backs this? Name one, please.
It IS imaginary. many people will be screwed!
Want to know what has REAL tangible value? REAL estate.
No, not houses.....dirt. Acres of it.
Bitcoin was sold via hyperbole, period.
Because of my REAL Estate holdings, I have been inundated about bitcoin....for years. No thanks! I love the feel of dirt! Can't feel a bit coin.
May I ask your geographic location? No specifics necessary.
Yes, respect for LEO's is down to the personal level.
Here our LEO's are a majority still good people. Have one about two miles away. A great guy and human. He is really humble.
That face diaper business is not hardcore around here. Thankfully.
The sitrep is not uniform across the country. It varies depending on "blue" states and "blue" cities, vs., "red" states and "red" cities.
We have a "blue" governor, with "red" values.
Damn I hate to have to separate colors! Yet psychologically it is down to that.
Yes, we do have a great sitrep here! You are most welcome!
Take care and head on a swivel. friend.
MAYDAY MAYDAY Dear Aliens! Now would be a good time! Humans are fucked up!
Obviously don't care it is being caught on camera. Canadians should be worried.
Thugs! No other word for it.
Blue cities in blue states will turn red from fire!
Billions lost on an imaginary currency with fairy dust backing it!
Never bought into the bitcoin hype or hysteria.
The only way to stop the tsunami of foreclosures is indeed debt forgiveness. It is feasible that we go from forbearance to forgiveness. Debt forgiveness for a CBDC UBI directly into digital wallets. Hence the WEF's slogan You'll own nothing and be happy.
That would definitely avert an economic collapse.
So grateful I, nor my family are exposed to any mortgages!
I have to presume the same modus operandi would apply to car notes in default.
Well, I certainly hope you are not exposed to the MBS bond market right now.
Chase just announced to sell 13B of a 31 year security. That's the exact same age of the MBS bond market, created 31 years ago.
BoA just announced to sell 15B of asset bonds. Mortgages to banks are assets.
Both are already over leveraged with derivatives.
Five big bank CEO's are meeting House/ Senate banking committees on May 26th and 27th, just a few days before the moratorium expires.
I called an MBS bond market crash this past Wednesday.
Millions upon millions of mortgages are in legal default because of the moratorium sanctioned by the government, which had no legal standing to do so.
Courts are reopening and am more than sure mortgage companies already have foreclosure filings crafted and ready when the moratorium expires.
Good luck with your trading!
Predictive programming.
Forget Moore and focus on the fact a banker could not even explain what a derivative is. What could go wrong with that?
Currency is another word for script.
I have been studying currency vs. money for about 30 years.
I learned to take my FRN's and transfer them into tangible assets, real estate.
Wealthy people and the banks do this very thing.
Modern Money Mechanics
Creature From Jekyll Island
Capitalist Conspiracy.