Posted on 12/24/2024 2:49:41 PM PST by delta7
I hold virtually no “dollars”. That’s dead money.
I hold companies, where people go to work each day to make me a real profit in whatever debased currency they have to deal. Companies automatically adjust their machine to generate me real profits, no matter what.
China’s global role is about to diminish bigly. Trump’s salvo at Panama isn’t about Panama, it’s about forcing China to start defending all its territorial incursions over the past decades. Let’s see if they can project their power when Trump starts kicking their asses out of our hemisphere.
They can’t and it will become very apparent to all these countries they are raping with their Belt and Road nonsense. Once they are exposed as a third rate power, other countries will start kicking them out.
China’s global role is about to diminish bigly. Trump’s salvo at Panama isn’t about Panama,….
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President Trump is projected to remain in office for four short years…..China’s “plan” projects decades ahead. Those that hold the Gold controls everything.
In any case, China is draining western Gold reserves ( Comex and LBMA). Throw in ALL the worlds Central Banks are buying historic amounts of Gold…not Bitcoin…why?
Ok. They are broke. I love these “China has a long term plan” prognosticators. The same people that said China would be the largest economy in the world by 2010, then 2015, then 2018...
They won’t last the 4 short years of Trump’s second term.
China is the oldest and brokest nation on Earth. Their economy is in ruins and they have no way of adapting under a communist regime. There isn’t enough gold on earth to stop the bleeding.
Big deal. China has a history of missing big monetary changes, starting with the switch from silver to gold - it continued to hold massive quantities of silver, and eventually became very poor and had a revolution as a result. Now they are missing the switch to Bitcoin and are piling on to gold. What happens to them if Trump decides to sell 1,000 - 2,000 tons of gold to use the proceeds to buy BTC for our national stockpile? The price of gold will crater, and China’s economy will finally go down the toilet.
They’ll need triple what they have now ,LOL
IMO, the only way gold craters (as you say) is the available supply dramatically increases, and the worlds hotspots become stable.
I’m not seeing it.
I’ll stick with silver.
Why can’t we just create gold yet?
Virtual money is erasable by a single button press.
Admittedly, I wish I had been knowledgeable about Bitoin when it was only $0.03/bit, I would have bought $10,000 right there. However, I would never have hung onto it in perpetuity. Sell it off and buy real assets.
If Trump dumps 1,000 tons, that would certainly qualify as a dramatic increase in supply. It would also be a signal that gold - which increases in supply by 1% - 2% per year, was being supplanted by BTC, which has an absolutely finite supply.
I tend to agree. However China’s demise won’t be due to Trump (although he’ll hasten it). Their impending collapse is due to insane levels of economic inefficiency and corruption, mal-investment, a demographic dead end, and an end to the “saver” mindset in the productive portion of their population. The two main themes among city dwelling Chinese are either (1) “lie flat”, meaning just give up trying to get ahead, or (2) “revenge against society”, which is causing an epidemic of randome knife and auto attacks across the country. They are doomed. Our only worry is if the CPC decides to take everyone else down with them.
Good choice...a lot of silver is used to make solar cells and in other industrial applications.
Spot on. I agree Trump can only hasten their collapse. There are many own goals on their part, like their shadow banking system. Trump will force them to defend soft targets like the Panama Canal to demonstrate they can’t project power like they think. Along with tariffs and other economic pressure.
The imbalance of young men to young women will, as you say, get worse with the worsening economy and the danger is does China look to start an external war before they get an internal one. I think they may try but it will be too late to prevent the collapse of the CCP. If they were gonna attack Taiwan they would have already. But desperate people do desperate things.
Why can’t we just create gold yet?
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It is not in “the Plan”….. notice where the two newest Gold deposits have been just discovered- China, and El Salvador- both estimated to be in trillions.Their financial rankings will change massively when they start getting it out.
With the world’s Central Banks buying historic amounts of Gold ( presumably to give their currencies some value) we will see a major shift in global financial markets and power.
Those that were “ last”, will be “ first”.
In this case it may be China is trading their falling currency for hard assets. Their total government debt is huge. Their stimulus efforts are now taking 6 units of debt to create 1 unit in growth to GDP. They are falling fast.
China’s global role is about to diminish bigly.
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Think again….of course, this will take a few years to get out….but added to their current estimated 40,000 ton reserves, they are on course to becoming a financial powerhouse.
“ Chinese scientists have uncovered a “supergiant” deposit of high-quality gold ore hidden near some of the country’s existing gold mines. The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, could end up being the largest known deposit of the precious metal anywhere in the world, and is worth more than $80 billion.…”
Let’s hope the US has the 8,000 tons they say they have….and ditch their Bitcoin nonsense.
They are falling fast.
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ALL the world’s currencies are falling…a race to the bottom. Hence the entire world’s Central Banks are buying historic, record amounts of Gold…..and cleaning out the West’s Comex and LBMA reserves.
https://www.visualcapitalist.com/visualizing-currencies-decline-against-the-u-s-dollar/
“ Central banks have been buying gold at a record pace….”
https://www.axios.com/2024/01/31/central-banks-buy-gold
….do realize they are NOT buying E money, but Gold.
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