News, Rumors and Opinions Wednesday Afternoon 8-18-2021
Holly Wednesday RV Update:
You can refer to yesterday’s update which is still what we are waiting on. Those things have not happened yet and they must happen in order for us on our side to go.
People got all excited that the German bonds are paying out and liquid. They have been paying and they are on the GCR side of bonds. They are not registered on the QFS. All currencies needed to register to be on the QFS which means the GB are being paid in bank accounts.
When people put out information it best to have all the facts so we do not get over excited.
Be careful of all the news out there and who is putting it out there. Use extreme caution and discernment!
There is nothing else that can be said as we need our side to get released and I am going to not put it out in black and white anymore but rather speak in vague terms.
If you have followed me long enough you know what needs to happen and just keep referring to yesterday’s update.
That is what we need still and are waiting.
Courtesy of Dinar Guru
Petra It really would take a PowerPoint presentation to be able to show the alignment of everything that's going on globally right now this week around the world. The tragedy in Afghanistan is one piece (Although I don't believe it's part of what we're looking at)...the timing...the convergence...
Frank26 Article: "Will the local market's anxiety end with the dollar price in the 2022 budget?" What? Did you not see this? Internet, other gurus, btw bless all you other gurus I pray for you...You know what they're talking about right? Those money exchangers at the borders who...steal money from the Iraqi citizens...there is only one way for it to end. Raise the value of your currency. Let me rephrase that to see if I can get my point across better. Will the jerks stop messing with the exchange rate? Will that be put to an end the moment our 2022 budget is at 1 to 1 with the American dollar? Powerful article.
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End of the Road: How Money Became Worthless | Gold | Financial Crisis | ENDEVR Documentary
In 2008 the world experienced one of the greatest financial turmoils in modern history. Markets around the world started crashing, stock prices plummeted, and major financial institutions, once thought to be invincible, started showing signs of collapse.
Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat.
Although we’ve been told that these drastic measures prevented a total collapse of our system, a growing sense of unease fills the population. In the world of finance, indeed in all facets of modern life, cracks have started to appear.
What lies ahead as a result of these bold money printing measures? Was the financial crisis solved, or were the problems merely kicked down the road?
Craig Hemke: Dollar Confidence is Grinding Lower
Palisades Gold Video: Aug 18, 2021
Craig discusses the growing shift in wealth inequality since the untethering of the dollar from the gold standard.
The ending of the gold standard required faith and confidence in the US government. Today, that confidence is steadily waning.
The dollar index is a weighted basket of similarly devaluing currencies. This index makes the dollar appear stable, but in reality, they are all declining.
The ECB is printing euros just as fast as the US is printing dollars. A new currency standard with backing will arise to replace the loss of confidence eventually. Few people alive today can remember the gold standard. Therefore we have a normalcy bias that will be overturned and catch most by surprise.
In addition, people will come to understand that unallocated paper derivatives don't represent real wealth. Markets today are entirely driven by the money pumped into the system, and most trading volume is computer-driven algorithms.
So take advantage of the markets and the low prices for metals. Keep averaging into the metals because the current system can't continue forever.
He gives us his thoughts on the upcoming FOMC meetings and why they keep putting up trial balloons. Craig is expecting a postponement of tapering talk. The system can't afford rates to move higher, and from here, the dollar will probably decline, which will be positive for metals.
The debt ceiling is now a joke since it rises too fast, and instead of a maximum target, they now use a date.
This year the debt ceiling expires at the beginning of October. Any discussion of the debt may create some additional pressure on the dollar.
Keep a careful eye on silver futures. There is a strong correlation between these and the GDX. When silver gets moving, so will the miners.
Time Stamp References:
0:00 – Introduction
0:36 - Nixon - Gold Window
4:47 - The Reserve Currency
9:29 - Scenario - Gold Currency
15:00 - The Market & Bad News
20:30 - Upcoming FOMC Meetings
30:55 - Debt Ceiling & Stimulus
34:13 - International Confidence
40:05 - Instability & Metals
42:20 - Concluding Thoughts
45:01 - Wrap Up Talking Points From This Episode