GOLD: What does 80K$ / oz mean?

Saturday, December 30, 2023

https://www.zerohedge.com/markets/2023-goodbye-all

2023: Goodbye To All That
by Tyler Durden
Thursday, Dec 21, 2023 – 11:00 PM
Authored by Clive Hale via ‘The View From The Bridge’,

  • “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”
  • Forecasts create the mirage that the future is knowable – Peter Bernstein

*** begin quote ***

    It may seem quaint, but there was a time pre-1971 when you could divide the monetary aggregates (there are several) by the amount of gold held by the US Treasury and you would derive the reference price of $35/oz.

    And in 1980 when gold soared to $800/oz the dollar was 100% backed by the gold the US held.

    What is shocking is the amount of paper money created since that time frame.

    If one were to do the same calculation today (monetary aggregates/gold ounces held by the US Treasury) it would take a gold price of $80,000/oz to balance the equation.

    A far cry from today’s $1,950/oz.

*** end quote ***

Wow, I’m not predicting that will be the price.  I am predicting that the value of the U$D has been largely “inflated” away and the rubes aka “We, The Sheeple” just haven’t realized it yet.

I wonder when Joe-Sixpack in the Weimar Republic in the 1920’s realized that his German Marks weren’t good for anything but as firestarter.  Likewise the folks in Zimbabwe who went out to pan for gold to buy bread.

Things retain “wealth” as folks eventually learn after getting screwed by politicians and bureaucrats with their paper money.

—30—

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GOVEROTRAGEOUS: Recognize that LBJ’s Great Society absolutely destroyed the black family

Saturday, July 22, 2023

https://www.zerohedge.com/markets/how-great-society-destroyed-nuclear-family-structure-one-chart

How The ‘Great Society’ Destroyed The Nuclear Family Structure In One Chart
by Tyler Durden  — Sunday, Jul 16, 2023 – 02:00 PM

*** begin quote ***

Who destroyed the American family?

The argument can be made that the Great Society programs initiated the destruction of the nuclear family structure. The blame starts with President Lyndon B. Johnson’s set of domestic programs in the mid-1960s that were used to fight ‘poverty’ but only discouraged work and destabilized families. 

*** and ***

First, the US has the highest rate of single-parent households in the world. Second, the connection between single-parent households and crime is very strong. According to research carried out by Jerrod Brown, a behavioral specialist at Concordia St. Paul, the extant literature “suggests that children raised in single-parent households experience more physical and psychological problems compared to those raised in two-parent households.” Moreover, he added, the “implications of homes in which fathers are absent may be important to explore for criminal justice and mental health professionals.”

Maybe this whole Great Society experiment has gone terribly wrong. Let’s try something different. Maybe bring back the family unit and dial back welfare programs.

*** end quote ***

I remember Malcom X’s quote: “… … It has turned out that it’s Johnson in the White House-and black votes were a major factor in his winning as decisively as he wanted to. If it had been Goldwater, all I am saying is that the black people would at least have known they were dealing with an honestly growling wolf, rather than a fox who could have them half-digested before they even knew what was happening.”  — Malcolm X, The Autobiography of Malcolm X 

LBJ delivered a knock out blow to the black family and fooled the black into think he was “looking out for them”.

While I may not like Malcom X’s politics, he was often right!

—30—

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MONEY: Gooferment Debt in a “death spiral”

Thursday, February 9, 2023

https://www.zerohedge.com/markets/welcome-death-spiral

Welcome To The Death Spiral
by Tyler Durden
Monday, Feb 06, 2023 – 09:00 AM
Authored by John Rubino via Substack,

*** begin quote ***

And there’s nothing that the monetary authorities can do to stop it, because either choice – keep interest rates high or push them back down – leads to the same place, which is a currency crisis. Meanwhile, each turn of the wheel makes the problem more intractable and the collapse more imminent. That’s what the term “death spiral” refers to: a process that feeds on itself until the system implodes.

*** end quote ***

Assuming that they, our wise and merciful Overlords, can see that they can no longer kick the debt can down the road, what can they do?

Easier said than done, cut spending.  The Military Industrial Complex is spending the USA into oblivion.  They have to face the largest share of the cuts.  It would seem that NATO has far outlived its usefulness and should be ended.  Our participation in the UN and all its corrupt activities should also go.

Then, we need to address welfare and entitlements.  Sorry but they have to get cut too.  As humanely as possible.

The cathedral of “education” needs to be starved too.

The entire class of Gooferment drones have to be freed to take on more productive roles.

Unpleasant times for everyone.

The alternative is the fall of Rome.

—30—

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ECONOMICS: Maybe I have to start looking at price per ounce?

Monday, January 2, 2023

https://www.zerohedge.com/markets/whats-your-line-sand-25-burger

What’s Your Line In The Sand? The $25 Burger?
by Tyler Durden
Thursday, Dec 22, 2022 – 09:22 AM

  • Authored by Charles Hugh Smith via OfTwoMinds blog,
  • The gag reflex kicks in at some point and we walk away because it is no longer worth the price.

*** begin quote ***

Everyone has a line in the sand when it comes to inflated prices they refuse to pay. For one Walmart shopper I observed, it was a carton of eggs for close to $10. She announced her line in the sand verbally, with great force and sincerity.

What’s your line in the sand, the point at which you simply refuse to pay the asking price? Is it the $25 burger? Or is it the $50 for two burritos and two beverages?

Each person’s line in the sand reflects their income, wealth, budget, social status and value system–what’s important to them. For some higher income folks, it might be the ridiculous “resort fee” that’s tacked onto the already overpriced resort room, hotel tax, excise tax, parking fees and the extra-special charge for Internet service.

For others, it might be the outrageous estimate for repairing a system failure in a nearly-new vehicle that is (surprise!) no longer covered by the manufacturer’s warranty. Hundreds of dollars for what?

*** end quote ***

Hmmm, now that’s an interesting pot question.

For me, it has to be the $9 “craft beer”.  I switched at my local bar from draft to bottles when the price was 7$ for a draft and 3$ for a bottle.  Maybe I have to start looking at price per ounce?  Or, milliliter!

Dining out has become a $100 proposition.  Isn’t that far beyond the average working stiff?  It certainly is getting there for the senior citizens and people with rug rats.

Sad. 

And it’s all caused by the politicians and bureaucrats “printing” money.

Where does the merry-go-round stop?

Soon I think.

—30—

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MONEY: The coming default by the US FED / Treasury?

Saturday, November 12, 2022

https://www.zerohedge.com/markets/are-you-ready-coming-us-government-default

Are You Ready For The Coming US Government Default?
by Tyler Durden
Monday, Nov 07, 2022 – 07:20 AM

Authored by MN Gordon via EconomicPrism.com,

*** begin quote ***

The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward.

Optimistic investors keyed in on the Federal Open Market Committee (FOMC) statement and, in particular, the remark that the Fed, “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments.”

*** and ***

In other words, this bear market may not bottom out until well into 2025. What’s more, the entire dollar based financial system will likely blow up sometime beforehand.

*** and ***

But many won’t recognize heavy handed monetary policy as reasons for their disappointment. The erosion of purchasing power can be subtle over long periods. Moreover, the effects of currency debasement policies extend to all corners of the economy.

*** end quote ***

Depends upon how you define default. What happens when no one wants to buy US Treasuries?

It’s going to be ugly. As the interest rate goes up, more of the Federal budget should go to interest on the debt. If they don’t cut, then more dollar printing.

A vicious cycle.

Sigh!

But what will be the form of it? Us tin foil hats are trying to guess will they just: “print”, “default on the bonds (i.e., tough <synonym for excrement> you suckers)”, or something involving a FED version of mandatory bitcoin (i.e., cash is recalled just like gold was)?

And, then what will the sheeple do?

—30—

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POLITICAL: Biden spouts off and it appears to a “four Pinocchios” fib

Sunday, July 17, 2022

https://www.theburningplatform.com/2022/07/11/bidens-dubious-tale-of-10-year-old-rape-victim-gets-dismantled/

Biden’s Dubious Tale Of 10-Year-Old Rape Victim Gets Dismantled
Via ZeroHedge

  • Last week President Biden regurgitated a single-sourced claim that a 10-year-old girl was raped and forced to cross state lines to get an abortion.

*** begin quote ***

Kessler notes what journalist Megan Fox pointed out days ago – that “Under Ohio law, a physician, as a mandated reporter under Ohio Revised Code 2151.421, would be required to report any case of known or suspected physical, sexual or emotional abuse or neglect of a child.”

“As a spot check, we contacted child services agencies in some of Ohio’s most populous cities, including Cleveland, Columbus, Cincinnati, Dayton and Toledo. None of the officials we reached were aware of such a case in their areas.”

*** end quote ***

There is no honesty left in the USA political scene.

At the very least, there’s something for Congress, Illinois bureaucrats, and Oho bureaucrats to investigate!

If true, it’s horrible. If not, it’s a criminal fraud upon “We, The Sheeple”

Shame on all involved.

—30—

Now it comes out that it happened but no one reported it.

Doctors should lose their licenses.  Someone should go to jail for doing the act.

—30—

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MONEY: “Blue Light Special” announcement — fiat currencies like the U$D are being stolen by “inflation”

Wednesday, May 11, 2022

The 5 Stages Of Getting Orange-Pilled
https://www.zerohedge.com/crypto/5-stages-getting-orange-pilled

 — via my feedly newsfeed

# – # – # – # – #

​I’m at “acceptance and hope” stage​.  Back when the employment model switched from “lifetime employment” to “job hopping/consulting”, I told my turkeys that there was now “Blue Light Special” announcement like at the now defunct Kmart to tell them that “the game” had changed.  So to, now, imho, the “financial game” has changed and no announcement is being made.  Bitcoin, alternative forms of money, and other commodities are replacing fiat currencies like the U$D, Euro, and others.  Only the Russian Rouble has made the shift.  All other forms of fiat are subject to “inflation” aka Gooferment Theft. 

Unfortunately, not many have gotten the “non-announcement” and so will pay the tax and take the losses.  Heaven help the bond holders who will get triple screwed (i.e., inflation, loss of income, and loss of capital value) when the 1/7 seesaw rocks against them (i.e., 1% rise in interest rate yields a 7% decrease in the dollar value a bond).

FWIW YMMV and TANSTAAFL (“There Ain’t No Such Thing As A Free Lunch” From Robert Heinlein’s classic) 

—30—
 

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