Never in the last few years have we seen more Reset-news than in the last 24 hours. A monetary reset is a set of events over a period in time, and not a binary one. Only in the rear view mirror a monetary reset can be recognized clearly ..
we have to look for signs of ever increasing stress in the current monetary systems ..
let’s name a few:
- TIC report show more and more foreigners have stopped buying US treasuries in recent years ( U$ banking structures now have to buy 2/3 of all new treasuries)
ever increasing pressure to dollar-system, now extreme stimulus is needed. US Budget deficit $3 Trilion and counting
- repo(funding)-crisis started in September 2019, 2 months after BoE chief Carney said (Jackson Hole) we needed to find a successor for the $ for coming reset ..
The speed in which central banks hurry to prepare their digital currencies in advance of the coming changes ..
They know direct funding will be needed for consumers and businesses in the next crisis (which actually started in March 2020)
The Covid19 crisis is actually a blessing in disguise, because unprecedented changes (reset) to the monetary system now can be sold/spinned, as the result of this once in a lifetime crises (see IMF call this week)
It’s no surprise gold started to seriously move up since last summer, after Carney’s speech and Ray Dalio’s ‘Paradigm Shift’ essay.
The number of billionaires turned to gold is ever increasing ... even gold-hater Buffett recently joined the gold-bull
Wall Street is starting to lose control over precious metal prices, especially since the March-Corona-Crash.
Ever increasing amounts of physical deliveries every month in the last six months, while CFTC feels more pressure to act against the usual suspects (short sellers)
IMF knows they need more funding to save/help dozens of countries, who can’t survive on their own
IMF-reserves down to the last Trillion, while $5-10 Trillion will be needed.
China already called for mass creation of SDR by the IMF, since even rich countries will need help.
Etc etc etc
Please add your examples ... 😄
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The Big Reset, Chapter 3 - The History of the Dollar
a Sunday morning thread
Our American bankers have found that for which the ancient
alchemists sought in vain; they have found that which turns
everything into gold - in their own pockets
William Gouge, A Short History of Paper-money and
Banking in the United States (1833)
.. And it is difficult to persuade them that a system which is so very beneficial to themselves, can be very injurious to the rest of the community.
William Gouge, A Short History of Paper-money and
Banking in the United States (1833)
Today I will share the core of #TBRchapter2 – Central Bankers, The Alchemists of our Time
Gold still represents the ultimate form of payment in the world.
Fiat money in extremis is accepted by nobody. Gold is always
accepted.
– Alan Greenspan, former Chairman of the Federal Reserve (1999)
If the people ever allow private banks to control the
issue of their currency, first by inflation, then by deflation, the
banks/corporations which grow up around them will
deprive the people of all property until their children wake up
homeless
– Thomas Jefferson #TBRchapter2
Worked (on average) 12 hours a day the last 10 years. People called me crazy. But had a goal in mind. Grow our fund to EUR 100mln. In March we were just 30 .. now we’ve reached 85 mln. Almost there. Then I can retire and start working 40 hours a week. Probably till I die 😄🤓
Started the fund with the help of two partners in 2008. They loved the bull (2009/2011) but couldn’t fight the bear long enough (2011/2019).
All of our staff was hired in 2011. They learned Mining stocks go down always. (Exeption: 6 months in 2016) Now they are 😳
Even in the long bear market we showed discoveries will always be bought out. Reached 63 takeovers in our portfolio, since 2008. But dilution and low valuations lowered profit and yields. ( warrants valued down to zero). In a bull market they all start to rocket higher.
US always used future markets (COMEX) to control gold prices, by flooding the market with ‘paper gold’. This worked perfectly for almost 50y. Physical deliveries were low so Wall Street traders could control the price for most of the time
There’s no limit to central bank expanding its balance sheet in
theory.
– Dennis Lockhart, Chairman of the board of the Federal
Reserve Bank of Atlanta (2012) #TBRchapter1
Inflation is a more fundamental danger than speculative investment. Some countries seem to be in the unusual situation where they are trying to create inflation. They will come to regret that.
– Paul Volcker (2013) #TBRchapter1