A majority of the USA population can not imagine a dramatic change in their lifestyle. Our government is run by individuals that want to stay in power so they will not force the necessary changes that attempt to create the a remedy. In a nutshell, we are screwed. Prior to the election, Elon Musk said the changes to Americans will cause distress. It feel on deaf ears.
EV factories - I doubt there will be any new ones in the US in the near term, at least; in China, maybe, but I understand that they have dozens of EV companies already, likely many will not survive.
Nukes - over time, probably - but the hype may exceed the reality.
Bottom line - my guess is that many over-enthusiastic investors lose money in commodities
Just because DJT won the presidency with the support of the people's movement, DOES NOT MEAN that the American people will not suffer in the future years.
Thank God we won the election! Literally. Assuming no globalist black swans between now and January 20th, we are back on track to both sanity and freedom. Nevertheless, a monetary crisis is the freight train headed straight for us no matter who or what, which still portends well for gold and silver bullion and, eventually, the miners. Do I have that right?
Not only is the U.S. not accumulating gold reserves, it is (IMO) an open question if: a) our reported reserves are even still physically present and, if so, b) are fully allocated and unencumbered.
Fantastic article. - however which bank to use for commodities - I read “the great taking” by David Rogers WEbb - globally all bankruptcy laws make sure if sth bad happens in the banking and clearing and custodian system - MY stocks are not mone butTHEIRS and are collateral - I have checked it wit several banks nad if you dig deep enough you find it in the “legalese”. So where do you take your risk to buy commodities - big bad wolf JPmorgan? Banks on the list of Financial Stability board? Or small family banks? Which clearing houses are safe. Would love to know - Kind REgards and thank you so so so sp much for doing this increble work - also just reread your money bubble book - it is EXCELLENT - giving it everyone for Christmas!
So, RFK Jr. thinks Abe Lincoln was a great President. Bobby needs to read Thomas DiLorenzo's book on Lincoln.
As for the US debt and money crisis, do what West Germany did after WWII. Lower taxes, end regulations, restructure the currency, get out of the free market's way. Oh, and no or very little military.
The question I have is does there still have to be a some kind of “fourth turning” societal transformation, and could it actually be very good.
I see various elements in play that may or may not be true, or at least significant.
One is the (albeit absurd, imo) that modern monetary theory (MMT) may actually “work”. That could very well be what’s coming - or continued and accelerated. In that scenario government deficit spending is unfettered ( I know it already is but I mean with full throated admission.) That alone contradicts the other part of the theory when bad things happen the Congress would impose limits. In my opinion this is an economic/monetary theory that is line with the other absurdities that still have had the luxury of being entertained with a straight face by some and actually believed by many but may start hitting the wall as enough people start critiquing “wokenes”.
But the fact that so many stupidities have survived as long as they have, it makes me wonder if unconventional logic is still logic in some stable way.
Another factor is the presents of what I believe are hard core, deadly serious, evil intents that need to collapse society (especially the US) and are well entrenched all over the government (“the enemy within”) are are not about to give up the significant power they already have.
So far it seems like 5here’s been a goldilock election process, far more peaceful than I think most expected. But will it last? If it does and trump is able to methodically and transparently make vast changes (like mass government firings, elimination or sever reductions of government agencies, msss deportations, reducing funding to states, etc.) then that may mean the big bad “Deep State” really isn’t so much.
Another factor is the roughly half of the population diametrically opposed to the other half. Will that matter, or not? That’s a lot of human mental energy and anger that seems like it has to go somewhere.
And then is the “fourth turning” theory of inevitable, cyclical societal transformation that is supposed to be rough, to say the least. Is that all bullshit? Maybe, maybe not.
And more imminently and financial speaking there is still David Hunters unfolding prediction that that stock markets will rise irrationally until the S&P reaches about 7000 and then everything falls apart, lower interest rates will be ineffective and a multidecade bear market ensues.
There other factors as well, and it seems to me there has to be reckoning, but maybe not.
Maybe there will be a miraculous and surprisingly smooth transformation of society and America is great again.
I really don’t know, but I do think most people don’t think about any of these possibilities and that ignorance and good will may be their salvation. It reminds me of the bald eagle muppet “Uncle Sam” that always has the most inveterate “American” attitude no matter what shit he goes through. Hey, it worked for him.
Thank you John. Have you seen US debt clock's secret window messages? They have a account on X as well. They have been hinting for months that we are moving to a commodities backed US treasury note. Also they show the dollar to silver ration at close to 980 per ounce.
No one is talking about this, and would love to hear your take
There will never be another gold backed currency. It constrains liquidity when it is most needed and limits a nations ability to respond to crisis, it tends to turn recessions into depressions. No governing authority would limit its ability to respond as needed, when needed.
Great article. The politics have improved, but the math hasn't. Completely agree. One thing could help though. The current administration has weaponized the dollar (sanctions, etc.) to a degree not seen before, which turbo-charged BRICS+, which isn't helpful to the US dollar. A de-weaponization of the US dollar would help a lot. Hopefully the incoming administration does that. Either way - I am bullish on commodities and already own a bunch of them.
A majority of the USA population can not imagine a dramatic change in their lifestyle. Our government is run by individuals that want to stay in power so they will not force the necessary changes that attempt to create the a remedy. In a nutshell, we are screwed. Prior to the election, Elon Musk said the changes to Americans will cause distress. It feel on deaf ears.
No ones knows it seems
XAU down Bigly today. Way below an uptrend line going back to February 2024
AI server farms? Maybe - I'm not so sure.
EV factories - I doubt there will be any new ones in the US in the near term, at least; in China, maybe, but I understand that they have dozens of EV companies already, likely many will not survive.
Nukes - over time, probably - but the hype may exceed the reality.
Bottom line - my guess is that many over-enthusiastic investors lose money in commodities
Just because DJT won the presidency with the support of the people's movement, DOES NOT MEAN that the American people will not suffer in the future years.
Thank God we won the election! Literally. Assuming no globalist black swans between now and January 20th, we are back on track to both sanity and freedom. Nevertheless, a monetary crisis is the freight train headed straight for us no matter who or what, which still portends well for gold and silver bullion and, eventually, the miners. Do I have that right?
I can't come up with any investment conclusions here. Problem with having to buy lump bullion is obvious. That's about all I can conclude.
Hi John! I am , for some unknown reason, locked out of my subscription access to you. Please can you help get it fixed. Thanks very much Brian
Not only is the U.S. not accumulating gold reserves, it is (IMO) an open question if: a) our reported reserves are even still physically present and, if so, b) are fully allocated and unencumbered.
Fantastic article. - however which bank to use for commodities - I read “the great taking” by David Rogers WEbb - globally all bankruptcy laws make sure if sth bad happens in the banking and clearing and custodian system - MY stocks are not mone butTHEIRS and are collateral - I have checked it wit several banks nad if you dig deep enough you find it in the “legalese”. So where do you take your risk to buy commodities - big bad wolf JPmorgan? Banks on the list of Financial Stability board? Or small family banks? Which clearing houses are safe. Would love to know - Kind REgards and thank you so so so sp much for doing this increble work - also just reread your money bubble book - it is EXCELLENT - giving it everyone for Christmas!
Project Zimbabwe here we come.
So, RFK Jr. thinks Abe Lincoln was a great President. Bobby needs to read Thomas DiLorenzo's book on Lincoln.
As for the US debt and money crisis, do what West Germany did after WWII. Lower taxes, end regulations, restructure the currency, get out of the free market's way. Oh, and no or very little military.
The question I have is does there still have to be a some kind of “fourth turning” societal transformation, and could it actually be very good.
I see various elements in play that may or may not be true, or at least significant.
One is the (albeit absurd, imo) that modern monetary theory (MMT) may actually “work”. That could very well be what’s coming - or continued and accelerated. In that scenario government deficit spending is unfettered ( I know it already is but I mean with full throated admission.) That alone contradicts the other part of the theory when bad things happen the Congress would impose limits. In my opinion this is an economic/monetary theory that is line with the other absurdities that still have had the luxury of being entertained with a straight face by some and actually believed by many but may start hitting the wall as enough people start critiquing “wokenes”.
But the fact that so many stupidities have survived as long as they have, it makes me wonder if unconventional logic is still logic in some stable way.
Another factor is the presents of what I believe are hard core, deadly serious, evil intents that need to collapse society (especially the US) and are well entrenched all over the government (“the enemy within”) are are not about to give up the significant power they already have.
So far it seems like 5here’s been a goldilock election process, far more peaceful than I think most expected. But will it last? If it does and trump is able to methodically and transparently make vast changes (like mass government firings, elimination or sever reductions of government agencies, msss deportations, reducing funding to states, etc.) then that may mean the big bad “Deep State” really isn’t so much.
Another factor is the roughly half of the population diametrically opposed to the other half. Will that matter, or not? That’s a lot of human mental energy and anger that seems like it has to go somewhere.
And then is the “fourth turning” theory of inevitable, cyclical societal transformation that is supposed to be rough, to say the least. Is that all bullshit? Maybe, maybe not.
And more imminently and financial speaking there is still David Hunters unfolding prediction that that stock markets will rise irrationally until the S&P reaches about 7000 and then everything falls apart, lower interest rates will be ineffective and a multidecade bear market ensues.
There other factors as well, and it seems to me there has to be reckoning, but maybe not.
Maybe there will be a miraculous and surprisingly smooth transformation of society and America is great again.
I really don’t know, but I do think most people don’t think about any of these possibilities and that ignorance and good will may be their salvation. It reminds me of the bald eagle muppet “Uncle Sam” that always has the most inveterate “American” attitude no matter what shit he goes through. Hey, it worked for him.
Thank you John. Have you seen US debt clock's secret window messages? They have a account on X as well. They have been hinting for months that we are moving to a commodities backed US treasury note. Also they show the dollar to silver ration at close to 980 per ounce.
No one is talking about this, and would love to hear your take
Check Andrew Schechman on that - Silver Mint in Us does not seem to produce enough coins for demand …illegal apparently
There will never be another gold backed currency. It constrains liquidity when it is most needed and limits a nations ability to respond to crisis, it tends to turn recessions into depressions. No governing authority would limit its ability to respond as needed, when needed.
Gold can also be used as fractional reserve …..family bank Hoare in the UK did it ….
Until it's the least bad option on a horrifying list.
Great article. The politics have improved, but the math hasn't. Completely agree. One thing could help though. The current administration has weaponized the dollar (sanctions, etc.) to a degree not seen before, which turbo-charged BRICS+, which isn't helpful to the US dollar. A de-weaponization of the US dollar would help a lot. Hopefully the incoming administration does that. Either way - I am bullish on commodities and already own a bunch of them.