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THE Silver & Gold Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: THE Silver & Gold Thread (merged) Pt. 2

Unread postby Armageddon » Tue 26 Aug 2025, 08:43:27

"Half of workers are at breaking point," per FORTUNE

We are getting close to the breaking point. 70% of the people don’t have $1000 and inflation keeps rising….much more than the 2.7% they are lying about.
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Re: THE Silver & Gold Thread (merged)

Unread postby Armageddon » Tue 26 Aug 2025, 09:11:21

If they used the real inflation number as their deflator instead of 2.7%, GDP would have been negative for the past decades.
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Re: THE Silver & Gold Thread (merged)

Unread postby Newfie » Tue 26 Aug 2025, 09:15:26

$this->bbcode_second_pass_quote('AgentR11', '')$this->bbcode_second_pass_quote('Armageddon', 'I')’m not wrong, just early. The outcome will be the same. We are at the beginning stages of either a collapse or a currency reset. Something is coming, evident by govts and central banks rushing to gold.


I do think some interesting things are closing in, but I'm not convinced I'll live long enough to see them. Everything real happens slow. Climate, Energy, Debt, all things contributing to instability, all creeping along to apparently unsustainable levels. Americans used to care about debt at least, and the deficit was seen as a great risk to civilization, central to the debates; now no one even pays attention enough to know even the scale of the deficits without turning to chatGPT...

We have military forces patrolling the streets of the capital, and no one did anything, and the protest was meek at best. The trains shall run on time, no?


Good point about timing.

I tend to agree that we are entering some inflection point. But way too many variables to make any predictions.

I do think Trump has or shortly will loose any voting majority with the populace. It will take some additional time for the Congress critters to figure out their cush jobs are at risk. Trump sees it happening and that is the reason for the Texas redistricting. My bet is by the mid-terms even the most solid Red zones will be in play. But Trump will try to do something to subvert the election. If he lives that long.

If he doesn’t? He has surrounded himself with a mediocre crowd. Lots of big egos. Vance is an unlikely candidate to carry the MAGA banner. That whole crowd is likely to turn in one another. Possible to see the whole government break into fighting factions.

Lots of chaos.
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Re: THE Silver & Gold Thread (merged)

Unread postby careinke » Tue 26 Aug 2025, 19:26:31

$this->bbcode_second_pass_quote('Armageddon', 'I')’m not wrong, just early. The outcome will be the same. We are at the beginning stages of either a collapse or a currency reset. Something is coming, evident by govts and central banks rushing to gold.


My guess/bet is a world wide currency reset. To BTC.

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Re: THE Silver & Gold Thread (merged)

Unread postby AdamB » Tue 26 Aug 2025, 19:49:48

$this->bbcode_second_pass_quote('Armageddon', 'I')’m not wrong, just early.

Maybe. Or maybe that is just a salve because you have been wrong for decades and can't even figure out why. And if you wanted to look smarter you would use the same angle, just with the Sun getting lighter. That one is a given doom....not like you waiting around for economic herd think to come your way....and at least give you...like a recession or something! That way, as it unfolds, you can pretend it is the real deal. Like you did all the other 154 times.

$this->bbcode_second_pass_quote('Armageddon', '
') The outcome will be the same.

The same as what? You pimping all the other recessions across 20 years into doom and ended up with egg on face every time? Did you EVER mention to that sugar momma that you have been EXACTLY right about the end of the world all 391 times you pretended it was happening?

$this->bbcode_second_pass_quote('Armageddon', '
')We are at the beginning stages of either a collapse or a currency reset. Something is coming, evident by govts and central banks rushing to gold.

Really? Okay...so make that 155. Love you Armie! Forever wrong but DAMNED certain when doing it!
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Re: THE Silver & Gold Thread (merged)

Unread postby Armageddon » Tue 26 Aug 2025, 22:57:39

It only takes once to be right. Is this the one? I’d rather be 20 years too early than a day too late. Maybe the big one never comes. Maybe we just keep slowly swirling down the drain. The bottom 80% are hurting badly and it will continue to deteriorate for them.
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Re: THE Silver & Gold Thread (merged)

Unread postby Armageddon » Tue 26 Aug 2025, 23:05:02

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('Armageddon', 'I')’m not wrong, just early. The outcome will be the same. We are at the beginning stages of either a collapse or a currency reset. Something is coming, evident by govts and central banks rushing to gold.


My guess/bet is a world wide currency reset. To BTC.

Peace



Governments and central banks are buying gold at a record pace. They are gearing up for the great reset imo.
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Re: THE Silver & Gold Thread (merged)

Unread postby AdamB » Wed 27 Aug 2025, 08:14:08

$this->bbcode_second_pass_quote('Armageddon', 'I')t only takes once to be right. Is this the one? '


Define "right". IF your end of world scenario plays out, you won't have electricity to run a computer to brag about it here, because you'll be too busy trying to use guns and ammo and throwing your gold and silver at ravaging hordes coming out of Kansas city looking to take everything you own. Such is the way of MZBs and peak oil doom scenarios.

It is amusing your desire to be "right".

As far as "the one", you've been declaring "the one" for decades and to date have been a PERFECT counterindicator. If you say it is going to happen, it most certainly won't. As you've proven for decades now.

[quote="Armageddon"]
I’d rather be 20 years too early than a day too late.
{/quote]


"Rather be"? How about ALREADY HAVE BEEN.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: THE Silver & Gold Thread (merged)

Unread postby theluckycountry » Wed 27 Aug 2025, 08:35:18

$this->bbcode_second_pass_quote('careinke', 'M')y guess/bet is a world wide currency reset. To BTC.


Image
Last edited by theluckycountry on Wed 27 Aug 2025, 09:28:34, edited 1 time in total.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: THE Silver & Gold Thread (merged)

Unread postby theluckycountry » Wed 27 Aug 2025, 09:28:06

#1 Governments always Lie.
#2 Government is not talking about Gold, even though CBs are stockpiling it all over the world.
#3 When they make the move everyone will be blindsided, left out of the loop.

The simple fact is there is very little Gold on the planet! The total value of all gold ever mined, is now $15 trillion. That's a lot of money, but a single tech company, Nvidia, has a value of $4.4 trillion. A single company.

If the people in the West realized what was afoot they would go out tomorrow and add Gold to their portfolios, and what little supply is available would be gone by close of trading. That's why they have been herded into stocks and junk bonds, herded into crypto currencies. These can absorb any amount of capital, infinite really. But Gold is a scarce precious metal and when it's gone, it's gone. Gold is the money of Kings, not the working classes.

You have to admire the simplicity of the program, TV and Web investment segments; economists and their entrenched Lies, investment brokers who are only interested in their commissions, all adding up to a conspiracy of silence as to the value of Gold. Pet rocks, Barbarous relics, Yeah, sure. Tell it to the Bride. meanwhile 99% of western retirement capital is sitting in digital accounts, risk assets that like in 1929 can collapse faster than you can sell them. Assets with counter-party risk, encumbered in debt. Even BC has massive debts backing it, Do you think Saylor's Strategy company buys BC for cash? Think again :lol:

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We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: THE Silver & Gold Thread (merged)

Unread postby AgentR11 » Wed 27 Aug 2025, 17:28:51

$this->bbcode_second_pass_quote('theluckycountry', 'm')eanwhile 99% of western retirement capital is sitting in digital accounts, risk assets that like in 1929 can collapse faster than you can sell them.


The trick is resilience; never selling into a collapse; collapses are for buying.

Don't disagree about gold, not sure how that will play out in practice though. We owe printable dollars, but we have physical gold. Will we print a gold backed USD satoshi, unrelated to the federal reserve note, or maybe set at some obscene valuation, like $100,000,000 fed USD = 100 satoshis = 1g of gold in exchange.
Yes we are, as we are,
And so shall we remain,
Until the end.
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Re: THE Silver & Gold Thread (merged)

Unread postby AdamB » Wed 27 Aug 2025, 18:39:48

$this->bbcode_second_pass_quote('AgentR11', '')$this->bbcode_second_pass_quote('theluckycountry', 'm')eanwhile 99% of western retirement capital is sitting in digital accounts, risk assets that like in 1929 can collapse faster than you can sell them.


The trick is resilience; never selling into a collapse; collapses are for buying.


I only tried that once, and am scared to try again because the 1st time went so well. Bailed out of the market early-mid-2008. And then jumped back in after. Scared to try it again, after all I am older now. 8O More of a scaredy cat.

$this->bbcode_second_pass_quote('AgentR11', '
')Don't disagree about gold, not sure how that will play out in practice though.

Always seemed like a hassle to me, compared to what I can do with market tracking stuff. My gold acquisition was a one off, global peak oil had happened, stagflation ruled, I was doing good money trying to get the oil everyone was afraid was gone, someone wanted to bail on a nice sized chunk of coins and I bit. Never checked which had done better until other investing "experts" began spouting off about PM's during peak oil.

$this->bbcode_second_pass_quote('AgentR11', '
') We owe printable dollars, but we have physical gold.

Same here. I am very sensitive to expenditures that can be resold for a sigificant fraction of their original purchase price. Think, older cars and motorcycles with solid reputations, buy cheap doing the fixing yourself, same with cars, firearms have held up pretty well. I've got some old rifles adn some of my pistols from highschool, all worth 3-8X more than I paid for them. TVs and electronics aren't worth anything used, things people think maintain their value just because THEY like them, don't.

$this->bbcode_second_pass_quote('AgrentR11', '
') Will we print a gold backed USD satoshi, unrelated to the federal reserve note, or maybe set at some obscene valuation, like $100,000,000 fed USD = 100 satoshis = 1g of gold in exchange.
Hard to say. Doesn't seem like a logical outcome...at least not until GovCo tries everything else first.
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Re: THE Silver & Gold Thread (merged)

Unread postby Armageddon » Thu 28 Aug 2025, 13:37:08

All the stories I’m ready are saying sales are falling off a cliff. This economy can’t function without low rates, govt spending and stimulus. We are going to find out real soon if they have any magic bullets left.
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Re: THE Silver & Gold Thread (merged)

Unread postby Armageddon » Thu 28 Aug 2025, 13:40:45

The troops in the cities are being conditioned for the collapse.
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Re: THE Silver & Gold Thread (merged)

Unread postby AdamB » Thu 28 Aug 2025, 14:09:53

$this->bbcode_second_pass_quote('Armageddon', 'A')ll the stories I’m ready are saying sales are falling off a cliff.

OFF A CLIFF!! You mean that sales are falling at a rate of 9.8m/second! Holy cow! Did they actually list this acceleration, or are your sources so stupid they don't know the rate of acceleration when falling off a cliff? Wow...can you point out a few, I'm amazed that any journalist major would even know what the rate of acceleration is of sales if you threw them off a cliff!

Or were you adding your "expert" qualification on said sales? Perhaps you have forgotten, but sales fell all those other times you proclaimed the world was ending as well. But back then you might not have mentioned you know the rate of acceleration of those sales dropping. And just were doing your mindless monkey with its hair on fire routine. Sales fall, world ends....oh wait....better luck next hyperbolic claim of doom without said doom. RInse/repeat etc etc.

$this->bbcode_second_pass_quote('Armageddon', '
') This economy can’t function without low rates, govt spending and stimulus.

And you can't live your lifestyle without the sugar momma. Good thing you've got a sugar momma, and good thing the economy has functioned in the past with higher rates, continued government spending, and occasional stimulus.

$this->bbcode_second_pass_quote('Armageddon', '
') We are going to find out real soon if they have any magic bullets left.

You mean, "we're going to find out if I'm as ignorant a prognosticator as I was the last dozen times".
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: THE Silver & Gold Thread (merged)

Unread postby AdamB » Thu 28 Aug 2025, 14:12:07

$this->bbcode_second_pass_quote('Armageddon', 'T')he troops in the cities are being conditioned for the collapse.

Really? Walking around DC with a sidearm is "conditioning"? Is that a Missouri perspective....or just "doomers who are always wrong" perspective?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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