Back in 1933 then president signed Executive Order 6102, authorizing the confiscation of gold and demanding civilians surrender their gold – at government established prices. Read about it. It’s a horror story. The Executive Order was highly effective, even back when the government did NOT know who owned what. Today the government knows everything.
You will never be cooperative enough for these people. You will never be compliant enough for these people.
You just don’t get it.
“In a recent episode you mentioned that certain Asian silver ETFs have stopped issuing new certificates due to lack of available silver on the open market. I’ve also seen this referenced on X and in other forums as a possible ‘silver default.’ Could you clarify which ETF(s) or markets this specifically referred to, and whether this is confirmed from multiple independent sources? It would be helpful to know if this is a localized liquidity issue (e.g., in Hong Kong or Shanghai) or if it signals a broader systemic shortage in the silver market. For those of us following closely, this detail is important to separate signal from noise.”
Chris I love your work you’re helping many and I hope to make it to the summit someday with my family I did use chat GPT to help me prepare this I’m dyslexic like you wouldn’t believe so I don’t take a whole lot apart in the response but man if you could provide some solid feedback not only for me but so we can help correct or inform chat GPT
Saw old clips of hollywood celebs campaigning to buy warbonds around 1941 or 42. Didnt know it happened already 1933 when US was in no conflict.
I’d think this is daily trivial thing in Ukraine. Covid lockdowns didnt have it, but anything more serious will have that.
The country was in the Great Depression, that would run from 1929 to 1942. World War II saved the United States and brought the country out of the Great Depression. In today’s terms, the Great Depression would be considered a full-on systemic collapse. Will World War III save the country again. I doubt it. The level of wanton and open criminality today dwarfs anything the country has ever faced.
During the Great Depression, and even the ten years before 1929, the American People had lost faith in all institutions of government. Everything seemed to be rigged. There was a strong possibility the country would fall to regime change, called Marxism, or Communism. Same thing is happening today.
Critics claimed Executive Order 6102 would lead to an inflation in the supply of credit and currency, which would cause a fraudulent (fake) economic boom which would inevitably bust and result in an even greater “depression.” Imagine something greater than the Great Depression.
Sound familiar?
Sounds exactly what is happening now. Question is just what dot in that old cycle we are. Just before that EO likely, as more printing is needed again.
Im aware of the EO and im pretty sure I get it. We just disagree a little on how it will play out and thats fine. Carry on as you see fit and I’ll do the same.
I agree with Chris Martenson’s assessment. As soon as the FED begins printing money again, inflation will increase (it never stopped).
In all likelihood, the FED will have to print money at levels it never reached before. We will see hyperinflation for the first time in the United States. However, the government will try to mask hyperinflation with a kinetic war between the United States and Russia. Why Russia?
Between 1913 and 2007, the value of the USD had fallen 98-percent. Common knowledge. The Great Financial Crisis and Crash of 2008-09 saw the remaining value of the USD fall to zero. From 2010 until today, the value of the USD has been zero. This is why everything bad is happening, and so quickly.
Russia holds vast reserves in natural resources – in real coal, real crude oil, real natural gas, real minerals, and real rare earths – in “shameful abundance.” When hyperinflation arrives, the USD will be worthless, only the things you can hold will have value – commodities, natural resources, gold, silver, precious metals, etc.
Everything will go to shit all at once.
World War 3.
Yep, it’s so unfair that Russia has so many of what should rightfully be ‘our’ resources.
Certainly, in days past they (the people who actually rule us) would just go straight to war to try to grab them … But given that Russia is pretty damn strong militarily and they have even more nukes than the West, they are using unfortunate third party countries with corrupt (and hence, completely purchase-able) politicians who will go to war as our proxies. Hence the Ukraine war.
The hope is to damage the Russians some, and maybe provoke instability and a regime change to a much more pliable and less patriotic-minded leader.
From your lips to God’s ears.
So I’m guessing when retail buying finally has more credibility than purple unicorns and the delicious Skittles they poop here in 'Murica, gold coins become Unobtainium?
I wish I knew how to figure out the “when” instead of “Betelgeuse is going supernova any day now.”
Farming pro-tip: when your front tractor tire drives over a 2" stump that’s pointy in the up- direction, the tire explosion sounds like…an explosion. Can’t tell you how I would know that.
Can “they” do it again?
https://x.com/KatusaResearch/status/1974599946520428784
“They” had better bring out the biggest of overnight clubdowns, or they are going to be playing defense of much higher prices for silver.
I’m pretty jaded at this point, but the silver shortage appears to be very real, as expected and predicted.
So I think the chance that “they” lose control of the price of silver is very much non-zero this time.
Yep. Old bulldozer guy told me stumps gave him more problems than rocks.
I believe we’ll know the answer soon. The timing of silver breaking 50$/oz. and margin calls on equities and commodities seem perilously close.
I felt real smart and good about myself after crapping my pants from the exploding tire noise, suddenly realizing I used a pole saw 8 years earlier (steep cutting angle) in that area cutting down cedars. Several Marine helo squadron ready room words didn’t relieve the dumb ass feeling. Fortunately, it was way out in the back of my property surrounded by other large cattle ranches.
Jobs have indeed cratered.
as Ben Casselman writes, “There is now less than one job opening per unemployed worker.” After pandemic lockdowns ended, workers had growing power and rising wages because there were so many job openings, but that period of increased power has now ended. Things aren’t as dire for job-seekers as they were in the Great Recession, but they’re definitely headed in the wrong direction.
So the story is the same as it has been all summer: Employers are not laying off an especially large number of workers, and workers are staying at their jobs, but young workers entering the workforce and other people looking for work are having a tougher and tougher time."
While this is left-leaning, some of the statistics are interesting. And I do think we all agree about the problems with small business.
I am unclear “loose control…non-zero this time”. Chris are you saying another smackdown before silver breaks $50.00 in-spite of silver supply is insufficient to meet demands?
I talked to someone whose son works for the FAA. Since the FAA guys/gals are not getting paid (yet) many are calling in sick. And, no one is recording absences, so they are not docked from their sick pay account. I’m flying out in 10 days and am a little concerned!
I wouldn’t worry about it. Funny thing, thousands of planes fly every day never talking to ATC. Planes are equipped with transponders that communicate with other planes. The biggest problems come from ATC that make mistakes and pilots that don’t recognize those mistakes. Where you might run into problems is a limited number of planes allowed into a particular airport.
BTW, as a private pilot, I absolutely HATE flying commercial 
I hate flying commercial, too, particularly in a long overseas flight in economy!