Opinion: The lasting effects of a No Deal Brexit

[jra]

I wonder if this one turns green after too many flushes.

That's what happens sometimes with chromium (plating), not gold.

https://en.wikipedia.org/wiki/Chromium(III)_oxide

[Fletch]

Peter Schiff: The Next Crash Could Bring Down the Fiat Money System

Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.

The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what’s going on.

phpBB [video]

Peter noted that the Fed has been artificially suppressing interest rates, particularly since the 2008 financial crisis.

And by keeping interest rates artificially low, they have created a bubble that’s much bigger than the one that popped in 2008. And what happened this morning is you could see the air coming out of that bubble, because the market is trying to bring interest rates higher because we have no real savings in this country. We have enormous debt. Everybody is levered up to the max — government, the private sector, business, consumers — because rates have been so low, we’ve borrowed so much money. The market wants interest rates to be higher but the Fed doesn’t want that to happen because the road back to normal interest rates is a very bumpy one because it’s going to take us right through another financial crisis. So, the Fed is trying to keep interest rates artificially low and they almost lost control of it this morning. “

In effect, the Fed created about $50 to $70 billion out of thin air to supply the liquidity that the market needed.

But what happens next time? What happens if we need $100 billion? What happens if we need a trillion? Because eventually, we will. Eventually, the Fed has to choose between destroying the dollar and allowing the market to bring interest rates to a level that makes sense for an economy with this much debt. Then all hell breaks loose because we have a much worse financial crisis than the one we had in ‘o8.”

https://schiffgold.com/videos/peter-sch ... ey-system/

[Rolluplostinspace]

They have also been keeping the price of gold lower than it should be to keep the dollar as strong as possible.
But the dishonesty and trickery is now probably going to make gold surge to five grand an ounce and more and that will signal the end of the petrodollar causing utter chaos in America.
One good thing being they would have to take all their troops home .... not good for America of course.
I think that's when the USA invades S America and owns the two continents full on but the ammount of bloodshed that will bring is unimaginable!
Some blowback by keeping the price of gold down and the dollar up is China has billions of dollars and has been buying gold with them.
Dollars that were cheap now worth more to buy gold art artificially lowered prices.
Russia too has been unloading its dollar reserves to stack up on the gold .... western gold.
So America are responsible for the west's gold now being in the east.

[Cactus Jack]

The end of the petrodollar is coming because the end of the petrochemical hegemony is coming it has fuck all to do with gold, sliver, copper or adamantium.

As for the 'end of fiat money' what the Doofus Duo can't grasp is that gold is as much a fiat system as any other.

If you are painting a house to get food for your family you don't want gold you want bread, vegetables, meat and drink - that someone declare a piece of metal is 'worth' so much beef, so much bread or so many eggs is no different to that same person declaring a piece of paper is 'worth' the same.

Perhaps if they get enough bits of metal or pieces of paper they Doofus Duo will be able to buy a fucking clue because they show no signs of coming across one any other way

[Rolluplostinspace]

The end of the petrodollar is coming because the end of the petrochemical hegemony is coming it has fuck all to do with gold, sliver, copper or adamantium.

As for the 'end of fiat money' what the Doofus Duo can't grasp is that gold is as much a fiat system as any other.

If you are painting a house to get food for your family you don't want gold you want bread, vegetables, meat and drink - that someone declare a piece of metal is 'worth' so much beef, so much bread or so many eggs is no different to that same person declaring a piece of paper is 'worth' the same.

Perhaps if they get enough bits of metal or pieces of paper they Doofus Duo will be able to buy a fucking clue because they show no signs of coming across one any other way

We all know that dick head and we try to make allowances for your fuckling ignorance in all matters.

[Cactus Jack]

The end of the petrodollar is coming because the end of the petrochemical hegemony is coming it has fuck all to do with gold, sliver, copper or adamantium.

As for the 'end of fiat money' what the Doofus Duo can't grasp is that gold is as much a fiat system as any other.

If you are painting a house to get food for your family you don't want gold you want bread, vegetables, meat and drink - that someone declare a piece of metal is 'worth' so much beef, so much bread or so many eggs is no different to that same person declaring a piece of paper is 'worth' the same.

Perhaps if they get enough bits of metal or pieces of paper they Doofus Duo will be able to buy a fucking clue because they show no signs of coming across one any other way

We all know that dick head and we try to make allowances for your fuckling ignorance in all matters.

Do you get that the petrodollar hegemony will come to an end because of renewable energy or doesn't your understanding extend that far - if it does there may be hope for you.