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Golden Coast (Cassandra)

@GregCrennan

25 Oct

I want everyone to realize, YES the US is in a very bad #inflation environment not #hyperinflation but when the US govt stops printing PHYSICAL DOLLARS b/c the cotton
(up 67% since 2019 NOT QE) the US uses to make dollars are NOW more expensive then the digits they are worth!

United States currency paper is composed of 75% cotton and 25% linen.

Cotton up 67% while the dollar has lost -10% in the same time

Read 4 tweets

Golden Coast (Cassandra)

@GregCrennan

2 Feb

Understanding $GME & the movement that’s going on #wallstreetbets vs #WallStreet Billionaires. People were buying $GME for a few reasons
1. To make money
2. Stick it to a bunch of Billionaires & insiders
3. B/c everyone is tired of holding the bag
What does 3 mean?!?

The #wallstreetsbets are avg Americans who have lost a lot from Govt lockdowns in 2020 to collapsing home prices in 2008. Americans are pissed who constantly see headlines of trillions being printed & only get $600 stimulus check and realize where the other Billions are going?

Now why was the #silver short squeeze a bigger deal then $GME b/c there are enough intelligent people out there who understand that we are in a fiat debt based system & owning all the precious metals & sending the price higher exposes the #greatfiatponzischeme ultimately..

Read 6 tweets

Golden Coast (Cassandra)

@GregCrennan

19 Sep 20

I love the deflation/stagflation/inflation discussion. Here is data to help people understand. Current metric by The #Fed for inflation is the PCE which is Consumer Prices rising & declining, that does not include Stocks, bonds, real estate, gold, food, energy, medical cost.

The Fed metric for deflation/inflation is PCE. PCE’s scope includes both urban and rural households; furthermore it considers both expenditures on behalf of consumers by 3 parties and out-of-pocket expenditures.This broader scope means there is a larger total amount of spending

So the goods the Fed tracks are Durable goods are items that last a household for more than three years and typically carry a larger price tag. Examples of durable goods include cars, televisions, refrigerators, furniture, and other similar items.

Read 6 tweets

Golden Coast (Cassandra)

@GregCrennan

12 Aug 20

@jpmorgan

(Zoom in on photo) the Big banks that can’t fail have now purchased $1.8 TRILLION in Credit Default Swaps (CDS) yes the same CDS that helped caused the Financial Crisis of 2008. @jpmorgan has increased there Swaps by $100 billion since last report I’m sure it’s fine!

@DiMartinoBooth

Why are the banks buying trillions in CDS?! #AskingForAFriend @DiMartinoBooth @GeorgeGammon @bondstrategist @chigrl @HRGPFOREVER @EndTheFed001 @RetirementRight @NorthmanTrader @hendry_hugh @PeterSchiff @realJosephRich

@jpmorgan

@jpmorgan has $2.6 trillion in assets with $59 trillion in Derivatives I’m sure this ratio is perfectly fine.

Read 5 tweets

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