A few disjointed thoughts
The petrodollar is dead. Long live the petrodollar.
The dollar has been on the oil standard, roughly, since the 1970’s. That is damned near over. The Saudi’s are going to take yuan, which is also fiat trash, for oil.
Reasons why the Saudis would take China’s cruddy fiat vs. the US’s cruddy fiat.
1. The Chinese are soon to be their biggest customer. Gotta accommodate the customer.
2. The US has shown that it will cripple geopolitical opponent’s ability to do business by shutting them out of SWIFT, seizing their reserves, etc. It’s dumb to not find an alternative.
3. The Chinese are not phags, Islamic don’t like phags.
4. The Chinese are buying lots of gold.
5. They Chinese don’t lie nearly as much as the US.
6. The yuan has better short AND long term prospects.
As the dollar, which is not coupled to metals anymore and soon won’t be coupled to petroleum either, weakens, trouble will ensue.
I’m not a financial advisor, but this is making precious metals are looking yummier by the minute, long on dollar denominated WTI futures too maybe.
I reckon there will be some shortages here and there. Some food price fixing and wage fixing may be some of the tools the managerial class will try, exacerbating the problem.
My silver dealer buddy said he can’t get large lots of 1oz silver rounds until JUNE. That makes the premium higher. Time and again I am seeing stated prices with no product available. Chicken litter is $40/ton, but you can’t get any. The premium on 1oz silver is $4, but we don’t have any. What is the REAL price?
More phake and ghey manipulative baloney.
I understand the metals house needs to be paid for brokering, storage, security, etc. But the premiums move with scarcity.
Premiums on 100oz silver bars have been $3 around here for a long time. Premiums on gold are RIDICULOUS. $140 on eagles. $100 on maple leafs, pandas, kangaroos
My dealer buddy normally will have several hundred pounds of 1oz rounds in stock. He had ZERO last Thursday. The only stuff he’ll have in the near future is when a boomer comes in to sell theirs to go to Gulf Shores on vacation. Premiums on 100oz bars has been $3 around here for a long time. Premiums on gold are RIDICULOUS. $140 on eagles. $100 on maple leafs, pandas, kangaroos.
My dealer buddy normally will have several hundred pounds of 1oz silver rounds in stock. He had ZERO last Thursday. The only stuff he’ll have in the near future is when a boomer comes in to sell theirs to go to Gulf Shores on vacation.
Again, what is the price? People don’t want to sell because the dollar is asswipe, the comex contracts are artificially suppressing the silver price, and everyone who thinks for just a second realizes that everything they buy has gone up more than gold and silver. I bet the dealers would pull some off the street if they were paying $65/ounce.
More baloney…………..
London Metals Exchange (LME) just NUKED some nickel contracts that didn’t go the way they thought they would. Smart people will no longer use LME. COMEX is likely next to FURTHER break their trust.
Guys, stuff is getting all pear shaped and fuxxored by the minute.
-SWIFT service suspension
-STEALING Russia’s reserves
-Russia moving to UnionPay
-Petrodollar on ropes
-M1 up 100% in 12 months.
-Nickel prices SPIKE 250% in 24 hours. Which they needed to do. LME shit the bed and UNWOUND THE CONTRACTS.
-Crypto is DOWN this year in the face of all the uncertainty in a) currencies markets and b) transaction clearing networks. Crypto’s are clearly compromised. All of them.
– Every last central bank is talking fed coin.
-Russia buying metals.
-China buying metals
-UK and US, not buying much. Stealing a lot.
-Looks like the US has locked up all of Russia’s dollar reserves.
-Looks likes the US has grabbed some undisclosed amount of Russian god reserves housed outside of Russia. These two things will make every non-client state flee the dollar over the next months and years. This will make some client states VERY nervous and should make them all nervous about using hte dollar, SWIFT, etc.
The US will soon be forced to buy certain goods with Yuan. YAHTZEE.
The good news is that it’s the adventure of a lifetime. We have a chance to break out of the cubical farm and the podlife and establish something new and validating for ourselves and our families. They aren’t going to be able to print money and pay operatives to oppress us much longer.
Do not look at all this with a poverty mindset. As you prepare for what is coming you are doing it so you’ll be flush, you’ll be powerful and ready to do what you need to do to establish your family in the new thing that’s coming.
Talk about this with your people.