Okay so basically gold but especially silver are having literally trillions of dollars pile into them rn. Mango cheeto has pissed off the allies with the Greenland remarks and the dollars strength is massively sliding downwards. Europe is selling off us bonds en masse and everyone is scrambling to replace their monopoly dollar money with metals
8 days ago the dxy(strength of the dollars) dropped 1.5% in about an hour and it’s continuing to get pieced up. The value of the dollar is down 3% in literally about 2 weeks. Silver itself had about 800 billion dollars flock into it today. For reference the largest single day stock of increase of all time was 300 billion into nvda about 2 years ago. That’s how bad this shit is getting.
China is buying the fuck out of silver and it’s basically joever for America. Basically buy silver and hoard it if u want America to collapse lol. The next few days are going to get wild. The price of an ounce of silver was 40 dollars 6 months ago. Now it’s 120…. That’s 4 trillion dollars man. Lmao
Edit: oh and here’s why this matters. Basically everything is going to be even more unaffordable. Poverty will skyrocket. Instability and chaos will consume America. Oil will no longer be traded in dollars and American global influence will wane.
why is this in badposting
They say this about every post I’ve ever made😔
you know that bad feeling right as the roller coaster starts to drop down the top of the slope
Mods have no domain here.
China is buying the fuck out of silver
Some things never change
Explaining the joke
Pre-Industrial Revolution, China imported silver from Europe in huge amounts (it was basically the only thing Europe had that China wanted) to mint into currency
this time we get Copium Wars instead
We’re going to invade China and force them to buy our cope?
end of July it was 7.2 yuan to the dollar, now it is 6.95
Only a matter of time until it’s 1:1. Lmao
My friend in Sydney who (still) regularly does cocaine swapped from using an American bill to a non descript short metal tube. It’s so Joever.
Damn this country. I had a bunch of silver that I had been collecting over years. But I had to sell everything because living in said country requires extracting more money from me.
Ghouls call that “value moving to stronger hands” and it’s disgusting.
They always got to frame bleak situations as good actually
True lol reminds me of this.
In this brief post, I hope to clear the ground by proposing two simple rules to which neo-liberalism can be reduced. They are:
Rule #1: Because markets.
Rule #2: Go die!
Summarizing, the rules do not apply in the following two contexts:
Invariant #1: The rules of neoliberalism do not apply to those who write the rules.
Invariant #2: The rules of neoliberalism do not apply in the world of the 0.01%.
Both have impunity[2]. These asymmetries will become more interesting shortly.
Inshallah
okay.
Like, this is actually good, you know? Dedollarization is the only way to stop Trump. Trump can literally print infinite dollars through the federal reserve, and he can pay as many ICE goons as he wants to, as long as he has money. The only way to take the money-printing machine away from Trump is to basically make the federal reserve and therefore the dollar worthless.
Didn’t gold and silver dipped enormously yesterday?
No it went from +15% to +6% and is now +4% the day after lmao
I don’t understand what that means but ok good
GOOD post.
