Are you looking for Solutions for America in Distress
You are in the right place to find out about what is really going on behind the scenes in the patriot movement in America, including solutions from Oathkeepers, Anna Von Reitz, Constitutional Sheriffs, Richard Mack, and many more people who are leading the charge to restore America to freedom and peace. Please search on the right for over 8400 articles.
You will find some conflicting views from some of these authors. You will also find that all the authors are deeply concerned about the future of America. What they write is their own opinion, just as what I write is my own. If you have an opinion on a particular article, please comment by clicking the title of the article and scrolling to the box at the bottom on that page. Please keep the discussion about the issues, and keep it civil. The administrator reserves the right to remove any comment for any reason by anyone. Use the golden rule; "Do unto others as you would have them do unto you." Additionally we do not allow comments with advertising links in them for your products. When you post a comment, it is in the public domain. You have no copyright that can be enforced against any other individual who comments here! Do not attempt to copyright your comments. If that is not to your liking please do not comment. Any attempt to copyright a comment will be deleted. Copyright is a legal term that means the creator of original content. This does not include ideas. You are not an author of articles on this blog. Your comments are deemed donated to the public domain. They will be considered "fair use" on this blog. People donate to this blog because of what Anna writes and what Paul writes, not what the people commenting write. We are not using your comments. You are putting them in the public domain when you comment. What you write in the comments is your opinion only. This comment section is not a court of law. Do not attempt to publish any kind of "affidavit" in the comments. Any such attempt will also be summarily deleted. Comments containing foul language will be deleted no matter what is said in the comment.
Wednesday, April 5, 2023
URGENT: "Once the Dollar Loses Reserve Currency Status - There's NO GOING BACK"
Sure is alot of sand pounding about buying commodity metals to hold the value of the fiat dollars. If the valuation of the metals increases its because banks are required to hold more than 10% of actual deposits on hand in real assets.ReplyDelete
That noted, Silvers been pushed up to 25/oz yesterday. Gold keeps bouncing around 2k/oz. Will be interesting to see if it goes up or goes back down like it has every time the metals tried to rally.
@Anonymous April 5, 2023 at 10:02 AM: i heard just a few days ago that the banks in the US were no longer required to maintain a minimum reserve on deposits to cover withdrawals !??Delete
That is curious huh. If banks are not required to hold ANY percentage of deposits on hand, then why are banks buying up Silver and Gold while keeping those facts out of the media?Delete
"As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions."
BofA hoarding Silver here:
"Looking at the bank house accounts shows that BofA is the biggest net loser of metal by far. They have delivered out 5,199 of the 5,244 (99.1%) of the contracts delivered thus far! On the flip side, the remaining house accounts have been net receivers of 3,276 ounces which is their largest inflow ever! This was driven primarily by Citigroup (2607) and Morgan Stanley (579).
What is going on here? BofA has been a horrendous trader of silver over the last 9 months, accumulating when the price is high and delivering out when the price is low. BofA delivery out exceeds the final amount from December, but they also spent most of December opening net new contracts to recover the metal they delivered out on the first day and continued that activity in January."
Seems like some weird 3 card monty at work if Bofa is Buying High and selling Low. Maybe thats whats undercutting metals trend upwards in dollar valuations.
...as long as the "snakes" continue to rig the commodity markets ...all bets on true value for gold and silver is off the table ...sorry.ReplyDelete