[Armageddon]

You sound like a dork to me. I’m more of the athletic type. I was more of the going to parties, chasing girls and playing sports type. You sound like you stayed after school and played chess talked physics with your dork friends.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'Y')ou sound like a dork to me.

[Armageddon]

JUST IN: India is cutting its U.S. Treasury holdings while piling up Gold in its forex reserves. Shifting gears toward hard assets?

The world is changing fast

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'J')UST IN: India is cutting its U.S. Treasury holdings while piling up Gold in its forex reserves. Shifting gears toward hard assets?

[Armageddon]

If you don’t see the problem with the world dumping UST and buying gold, you are clueless.

[AgentR11]

Given that the Fed will buy those treasuries, push come to shove, I think we've long since passed the point of where a problem begins. We are in the problem state, and its working out in a wishy-washy ok kind of way. Not sure why we can't coast this all the way down to 1 USD = 1 Japanese Yen; or a little less bad, 1 Yuan maybe.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I')f you don’t see the problem with the world dumping UST and buying gold, you are clueless.

[Armageddon]

That’s a lot of words saying you don’t understand the significance of world dumping UST for gold.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'T')hat’s a lot of words saying you don’t understand the significance of world dumping UST for gold.

[Armageddon]

I’m trying to figure out your motive. You are on here all day every day for the last 10 years trying to disprove everybody. What’s your purpose?

[theluckycountry]

When the world dumps $UD the US will no longer be able to sell it's bonds OS, which means the US population will get real inflation up the tailpipe. The BRICS have been abandoning US treasuries and cash since the West stole Russia's overseas holdings over the ukraine operation. They know the West, and America in particular won't honor financial arrangements when push comes to shove. Covid inflation? A good cover story for the hundreds of billions flooding back into the US, watering down the local's currency. Then there is all the commissions the US was making printing dollars for essentially nothing and flooding the world with them because the world needed them to trade with.

The only thing that saved Britain after the collapse of sterling post WWII was the agreement they made with the US that it would be used in the former colonies. That way they could still exploit India and Africa... for a season.

The big revolt.
https://www.youtube.com/shorts/_SLSwfFtyfA
And I'd believe this one too.
https://www.youtube.com/shorts/pWOvwzOULRk

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', 'I')’m trying to figure out your motive.

[Armageddon]

$this->bbcode_second_pass_quote('theluckycountry', 'W')hen the world dumps $UD the US will no longer be able to sell it's bonds OS, which means the US population will get real inflation up the tailpipe. The BRICS have been abandoning US treasuries and cash since the West stole Russia's overseas holdings over the ukraine operation. They know the West, and America in particular won't honor financial arrangements when push comes to shove. Covid inflation? A good cover story for the hundreds of billions flooding back into the US, watering down the local's currency. Then there is all the commissions the US was making printing dollars for essentially nothing and flooding the world with them because the world needed them to trade with.

The only thing that saved Britain after the collapse of sterling post WWII was the agreement they made with the US that it would be used in the former colonies. That way they could still exploit India and Africa... for a season.

The big revolt.
https://www.youtube.com/shorts/_SLSwfFtyfA
And I'd believe this one too.
https://www.youtube.com/shorts/pWOvwzOULRk

[theluckycountry]

You picked a good time to come back into the frey Armageddon, Both Gold and Silver just made fresh all time highs and will only go higher with the inflation ahead. I have known from the very start the simple fact, they track inflation, and boy has the western world seen some inflation both in Housing and food. But then you have to add in the oil age services, electricity, sewage, water, roads. I can't remember the famous economist's name but he lived a century or so ago and he pointed out past cycles of inflation in Housing and Food that lasted 100 years. These were the two basics of life on earth, but now we have the others above as well. Try living in a modern home without them.

If we take the start point as 1960 say, then we would have a few decades ahead of us before this inflation ends and we go back to normal monetary business. People are ignorant of the fact that the US had zero inflation for 100 years back in the 1800's. In fact there was actually mild "deflation" as innovation, steam trains as an example, reduced prices of transport. Of course Gold was the currency of account and you can't inflate that.

In the early days of any inflation it's not bad and wages go up with it. But then wages fall further and further behind and the basics become so expensive that the average people really struggle to afford them. But were not talking mud brick houses here as it was for much of history, the oil age has allowed us to build and live up inside tower of babel like sky scrapers. Not my scene but the views and amenities are amazing. Power lifts to the 80th floor, water and electricity, shops in the mezzanine, grocery stores a walk away. You could live your whole life in a few city blocks if you wanted, and had the funds. Then all the amazing suburban homes which are still for the most part great if you can afford their servicing and don't have to drive too far.

I'm not a multi-millionaire though so it's safer to view all that infrastructure as it will be in 20 or 30 years. You don't want to be caught out wanting to sell your home in a time when they are unsalable due to their big energy footprints. Rural properties have doubled since I moved out 6 years ago. You snooze you lose as they say. Which brings us to electricity again, something that the prior inflations never had to deal with. It's a staple too, just like food and housing, and it's going up and up. It's no longer a simple service where the companies made good profits providing cheap to generate electricity, now the electricity is getting very expensive due to the renewable fiasco and the grids are getting very expensive to maintain too. Engel's Law states that as household incomes rise, the percentage of income spent on food decreases and more money goes to other goods or services. That was the 1950's~2000's, not today, not the future.

And when you add to it Jevon's paradox, you have a recipe for disaster.



Jevon's paradox: Increased efficiency in resource use leads to an overall increase in consumption rather than a decrease. William Jevons 1865, "The Coal Question,"
He observed that improvements in steam engine efficiency resulted in higher coal consumption instead of conservation. So we have a Planet full of refrigerators, Hot water systems, Air-conditioners, lights and Big TV sets and every energy hog you can think of. Bathing in cold water? Going to bed when the sun goes down? It's a reality for an increasing number of people.

[theluckycountry]

Gold, Silver Soar as India Buys Metal, Dumps Treasuries
https://www.zerohedge.com/news/2025-09- ... treasuries

Why should they hodl US paper when they are getting screwed with Tariffs? Fuck the US they say, we are a BRICS nation after all.

[AdamB]

$this->bbcode_second_pass_quote('Armageddon', '
')Yep, good luck running multi trillion dollar deficits when you have to monetize your own debt.

[Armageddon]

Ray Dalio sees the future.

He warned, "Something worse than a recession is coming."

It's already happening.

Gold prices are soaring while the USD index is collapsing.

What Ray Dalio sees coming next is disastrous


And just think what it took to get us out of the last crises, and this one is 10x worse.


ZIRP, Trillions of govt printing, massive QE etc. No wonder the world is dumping UST and flocking to gold. They see the handwriting on the wall.

[theluckycountry]

It's gonna be a lot lot worse than the Great Depression, and NO cheap oil to rebuild with after.

[theluckycountry]

Most of the other threads are redundant in a sense now. When this depression really gets underway, and it's already happening for many, all the issues of oil and AI and politics will be irrelevant. All people will be talking about is where can I get cheap food and where can live now the sheriff's taken my home.

[Armageddon]

$this->bbcode_second_pass_quote('theluckycountry', 'I')t's gonna be a lot lot worse than the Great Depression, and NO cheap oil to rebuild with after.