My Authors
Read all threads
THREAD: Many comments on "what gold is telling us." Here's a take I haven't seen yet:

1/ Let's pretend the currency system is a human body. The US says it wants to de-couple from China; 20 yrs ago, we could've de-coupled & it would've been like amputating a finger or a hand.
2/ Even 10-15 years ago, perhaps "de-coupling from China" would've been like amputating an arm, or a leg from our currency system.

However, after 20+ years of $200-400B surpluses (USD exports), & China's (generally) savvy reinvesting of those USD exports...
3/ "De-coupling from China" is no longer amputating an arm or a leg off the currency system; it is like cutting out some critical organ like heart, the lungs, or the liver out of the currency system...
4/ Yes, we can do it, & it's probably the right thing to do, but the cold, hard math of the situation is that "US de-coupling from China" means the currency system as we have known it for 50+ yrs will die on the table, shortly after the critical organs are removed, UNLESS...
5/ Some entity or entities can provide the financial equivalent of a blood transfusion, or kidney dialysis, etc. to the currency system that will be left dying on the table without it.

Guess what that is? Yup, you guessed it...
6/ This is a take on gold as we have been looking at it for our clients at FFTT for some time, but it is a take I haven't read yet.

Let's watch.
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Luke Gromen

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!