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Interesting article re: global debt.

PostPosted: Mon Dec 05, 2022 9:00 am
by thecrazyone
Looks like us gold and silver buyers are in a good place :)


https://finance.yahoo.com/news/huge-mis ... 25349.html

Re: Interesting article re: global debt.

PostPosted: Tue Dec 06, 2022 8:12 am
by 68Camaro
It's not like it's an unknown risk; it's an ignored risk.

Allowing derivatives and margin without significant controls is a recipe for disaster; only a matter of time, every time, before the system goes belly up. It's like giving a clearly diagnosed addictive gambler unlimited credit. [Edit: check that, no it's like giving everyone in Gamblers Anonymous unlimited credit with no boundaries.] Make no mistake - that kind of "market" is not investing, it is nothing but gambling. Some people will come out ahead; most will lose everything.

TPTB can fight and have fought (2008) margin disruptions behind the scenes with quasi illegal tools but those tools will eventually get overwhelmed, and when that happens "they" will pull the ripcord on their power parachute and declare a financial reset, with the bulk of the losses assessed against the average 401k holder. The government will then issue IOUs (such as FRNs) to "guarantee" some portion of deposits with inflated government scrip, and the federal government will be unable to resist using the "crisis" (which they created) to push the country one step closer to a totalitarian dictatorship.