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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.80+0.1%Dec 15 4:00 PM EST

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To: TobagoJack who wrote (173719)6/27/2021 3:19:41 PM
From: sense  Read Replies (1) of 218510
 
Saw a vid today in which the guy claimed... gold to paper is down to 2.4 to 1... and silver is something like 7 to 1... not the greater than 100 to 1 we've been told...

Where did all the paper go ?

Tunnel vision... to note that impact in gold and silver... which seems it is the only market in which we are allowed to recognize the nature of the role that derivatives might play in any and all markets ?

In theory, they ended the ability to short stocks beyond the outstanding after 2008... and yet, "innovation" in derivatives has meant... it takes a GME to provide proofs that... yeah, that's still happening ? That fraud in "paper" suppresses the price of gold and silver... but it also suppresses share valuations... as it converts the right of a company to sell shares to raise capital... into a right for others to counterfeit shares... preventing companies from raising capital... forcing them to fail ? Note AMC and GME have raised $ with share sales recently... and probably won't go out of business because... access to capital (which is the PURPOSE of the market)... now allows them to survive ?

Noted also... the vid I linked... says that compliance with the Basel III rules... is entirely voluntary ?

So, what prevents banks from claiming to be compliant... when they're not ?

Fraud is as fraud does... and we already know the metals trade is a massive fraud... which the BIS and the bankers all know... and still they go along with it ? Maybe "the fix"... to the fraud... is exactly that, too... "a fix"... that extends the fraud... the only "reset" intended... being that in your perception... in effect being nothing more than the Wizard of Oz working at pulling the curtain closed again... and saying "pay no attention to the man behind the screen" ?

At what point does the long running practice of fraud... get redressed ? How and when will the victims of the fraud... be made whole ? Since you know the answer... it means... fraud is still legal ? Why would anyone have any faith in that system ?

Note... 2008 happened... only when the bankers all realized... they weren't the only ones manufacturing fraudulent mortgages and derivatives based on them ? When they figured out that the other bankers were also making fraudulent trades... so all the trades in the market were based on... fraud... and there was no value in the "paper" thus created ? When they realized the entire market was composed of products based on them defrauding each other... and not just the common people... that's when the system ground to a halt and froze up ?

Lessons there... that apply to the "known" in the trade in gold and silver being a fraud ? in gold and silver, the lack of value in the paper... doesn't really translate into a destruction of the value in the underlying... which is sort of the point in owning them ?
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