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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (163999)10/22/2020 5:15:13 AM
From: TobagoJack  Respond to of 218482
 
silver, the new copper?

ask-socrates.com

Prospecting Silver
THURSDAY, 22 OCTOBER 2020 BY: MARTY ARMSTRONG



QUESTION: Thank you for your gold/silver ratio report. Will silver rally if Biden wins?

HS

ANSWER: The support in silver lies at $19 and above resistance stands at $27.25. A weekly closing above that will probably lead to a rally up to the $35 level. We have elected all four Monthly Bullish Reversals in silver from the low. This is a positive indication that we are headed higher and the end game may be the final high in 2024. Watch the reveals and the Arrays. It does look that we will have extremely high volatility by the end of the 1st quarter next year.

I am deeply concerned that this political coup to shove Marxism down our throats once again will lead to revolutions and violent protests. They are deliberately destroying jobs to save the planet in their mind. You just can't make this stuff up.



To: sense who wrote (163999)10/22/2020 5:19:18 AM
From: TobagoJack  Read Replies (1) | Respond to of 218482
 
CBDC, the new garbage?

the unspeakable evil, worked on by plucking plucks

zerohedge.com

CBDC As A Store Of Value Threatens Global Financial System Stability, Says German Official

Authored by Mohammad Musharraf via CoinTelegraph.com,

The German central bank is considering alternatives to CBDC as a digital payment solutions...



image courtesy of CoinTelegraph

Citizens Financial CEO On Earnings

Burkhard Balz, a German politician and executive board member of the country's central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch.

Balz emphasized that people should only be able to use the central bank-backed digital euro as a mode of payment and not as a store of value.

If the central bank digital currency has the same characteristics as traditional money, depositors could withdraw their funds in times of a crisis by converting it into digital euros, making the funds a liability for the central bank.

“This might lead to the structural disintermediation of the banking sector and, as a consequence, could potentially dampen the provision of bank credit to the economy,” Balz warned.

As a measure to prevent a digital bank run, Balz suggested that central banks may limit the amount of digital euros users can hold at any given time. Or, he said, banks could control demand for the digital euro by introducing incentives based on tiered remuneration, further adding:

“I am not so sure whether incentives could, in reality, prevent a digital bank run. Therefore, the technical implementation of CBDC would need to be thoroughly thought over and tested.”

Balz also stated that, while the Deutsche Bundesbank was deeply involved in discussions surrounding CBDC, it is also looking for alternative digital payment solutions so that the need to introduce a CBDC could be prevented along with the undesirable implications related to it. To that end, he said that the central bank is also considering the ways in which it may link blockchain-based solutions and smart contracts with conventional payment systems.

In July, Balz said during a parliamentary session that cryptocurrencies were not currently a threat to financial stability. However, he added that they could be dangerous if they "fall outside the scope of regulators’ authority or where there is an absence of international standards."