Are we in the beginnings of a Doom Loop?

[bambino]

BREAKING: ���� The Federal Reserve has officially injected $29.4 billion into the U.S. banking system via overnight repo.

The most in US history

Economists, are we cooked?

[eyecu2]

Originally Posted by bambino

(@MacleodFinance estimates ���� China has 75,000 tonnes of Gold. While the ���� US officially has only 8,133 ��)

Most estimates show China w 5,000 tonnes compared to the US 8100. Not sure where the disparity is such a big difference but I would think Xi wouldn't keep that much with the economics over there. Gold doesn't feed ppl very well, despite the lust of it.

Maybe we can send pussy galore over with her flying circus to scope out the scene?

[bambino]

Originally Posted by eyecu2

Most estimates show China w 5,000 tonnes compared to the US 8100. Not sure where the disparity is such a big difference but I would think Xi wouldn't keep that much with the economics over there. Gold doesn't feed ppl very well, despite the lust of it.

Maybe we can send pussy galore over with her flying circus to scope out the scene?

Your estimates are dead wrong. Chinas been stockpiling gold and silver for twenty years. They go directly to the mines and purchase unrefined metal and refine it in China. We have tons of gold in the Grand Canyon and Chocolate Mountain that’s never been touched. The bottom line is, nobody has accurate estimates. And yes, you can feed yourself with gold and silver because they’re monetary metals. Pussy Galore died years ago so she won’t be much help. But keep being snarky. You’ll be on the outside looking in. For food.

[bambino]

China just shut down gold sales.

Banks are hoarding physical metal.
Something big is coming. ������

Xi whistles — and the whole system moves. ��

[HDGristle]

If no one has accurate estimates then why put any faith in yours?

[bambino]

Originally Posted by HDGristle

If no one has accurate estimates then why put any faith in yours?

Not mine Mr Gristle.

“Bix Weir of RoadtoRoota pointed out that a story in the NY Times dated June 19, 1912 reported that a massive gold deposit was found in the Grand Canyon and soon after that the Federal Government took control of the Grand Canyon and built a military base where the gold was discovered and to this day nobody is allowed in that area. Supposedly Woodrow Wilson was afraid the the US Dollar, which then was backed by gold, would collapse since this gold deposit far exceeded the total amount of gold found up until that date and therefore the news of this massive gold find was squelched and control of the Grand Canyon was turned over to the Federal Government.“

[HDGristle]

Then how do we know you know what the doom loop is, let alone when it started or how deep we're into it?

[eyecu2]

Originally Posted by HDGristle

If no one has accurate estimates then why put any faith in yours?

It fits the scary doomsday narrative. That's why.

I don't know that China has 10x the Amt of the US in gold or 1/2 the amount. The problem with China is that if FIAT currency is the play, and you think that dollars will switch to Yuan in trading, it just won't. The reason is for China's closed trading system and market manipulation. If it was just about gold per household, they still lose due to the Amt of population per Tonne. Hell India would be even in worse shape.

In any event, if there was no paper market currency and only metals, China would be a wasteland of despair and starvation due to land size and lack of farming. They cannot produce enough food to feed themselves and nobody will help them until they implode and then come over to take them over like Japan tried in the beginning 1930-1940s.

Xi is on a tightrope. We are too, but we produce enough to feed our population. The same reason we subsidize farmers etc, is to keep that advantage. I do think there will be some financial shocks in the coming year for reasons like tariffs, layoffs, and stock market bubbles...but not to the point of 1929. Despite all the rusing about the bugaloo and CW2.

[bambino]

Originally Posted by HDGristle

Then how do we know you know what the doom loop is, let alone when it started or how deep we're into it?

Go back and read the thread title. I posed a question Mr Gristle. It’s for people of your ILK to discuss. As you would say” have a convo”!!!!!!


BAHAHAHA

[HDGristle]

Originally Posted by eyecu2

It fits the scary doomsday narrative. That's why.

Bingo

[bambino]

Originally Posted by HDGristle

Bingo

Well, Mr Gristle, we shall see. The G/S ratio will be more important than your Brisket/Sausage ratio. When the shit hits than fan, mebbe you’ll have Eye and others of your ILK over to your ranch. You can feed them until you can’t. You can teach Eye how to shoot a rifle. Hunker down! You won’t be able to afford a slice of Fiores pizza.


Thanks for playing Gristle