What's wrong with her? She called this market months ago. Goes in depth with the insider trades.
This be one of the silver pumper tag lines.
A seller (pumper) of silver. JP Morgan doesn't own all that silver. They are custodians. Possibly for the US government.
Says who? Most silver mined is secondary. Mexico is a big producer. Can pay people low wages.
Artificially set, price manipulation of the day. Today the ratio is like 85.
Silver is silver bud. Maybe they make sub par quality silver goods, but it can be refined purer.
There would have to be some kind of conversion. Say 10000 fiat dollars per gold oz. = 50 or 100 gold back dollars. Hodlers would only make out in the sense of fiat gain. Good for paying off your house and credit card bills. After that it only preserves your wealth.
Because people will then be paid in gold back dollars. There will be an adjustment period yes.
I am poor anon myself. I have about 450 ozs. I don't think it will buy me a house but I will be way better off than people with stocks and bonds.
Silver and gold were a lot harder to acquire and refine back then…
Supposedly, there will be debt forgiveness. So there's that…
Look at it as insurance and not some get rich quick scheme and you will do fine. I'm not 100% sure on the debt forgiveness or even the time table so I wouldn't dive into debt to acquire.
The system itself has us all enslaved. The debt. The inflation. It's got to go. I'm not 100% on the debt forgiveness, but I see no other option. The world cannot pay it's debt. So if the banks and corporations get debt forgiveness, I do not see the people not getting the same.
I'm sorry. That sounds like an argument FOR debt forgiveness. The debt can't be paid! The US is already at 500 billion in interest payments a year.
Unless you have hundreds of thousands in cash or more, I doubt you will have any problems.
It can and will work when 1 gold dollar buys a family dinner at a fancy restaurant. Central bank gold will be confiscated and used to back the new system.
Asset backed debt probably won't be entirely forgiven. You really think we can forgive government and corporate debt and the people still have to pay their credit cards? That the people would be ok with that?
If you can prove it was taxed, should be fine.
The reason for gold backing is to prevent governments from spending more than they take in. Your idea is possible but not probable.
I mean if you are cool with corporation's, bank's, and government' accounts wiped clean and yours not, when the corporations, banks and governments have colluded to steal from you through taxation, inflation, and debt. By all means, pay your debt. You will be stolen from 2x in the end.
You might be thinking of illegal mining. Current methods of mining and refining doesn't pollute as much as you think.