hmmm ā¦ i didnāt want to, but guess iām heading to the credit union today.
Hard to know what to believe these days but something has sure spooked the metals markets š¤·
donāt know if this helps:
Here is the āthingā, these banks no longer have control of the price. They now have China to contend with (they are driving up the price and putting regulations on the export) and because of a few new patents in batteries for autos (etc.) which require silver, plus the use of it in cell phones, electrical components, etc. AND the shortage of physical silver in the form of āprecious metalsā (coins, bullion, etc.), they wonāt be able to use the Fed to continue this fiat fraud. The whole point is to take down these bankers, aka The Fed, who put us into debt slavery since the beginning of 1900! We are the creditors and are about to be able claim that jurisdiction.
In the meantime, having cash for the interim would probably be a good ideaā¦
I defer to the expert emergency trading bulletin posted below. I guess the volatility is unusual!
Just one thing crossed my mind, but it could be a nothing burger of course.
Silver plays a critical role in the production and packaging of RAM (Random Access Memory) and other semiconductor chips due to its unmatched electrical conductivity
In 2025, silver demand in the electronics sector is surging, driven primarily by the high-speed infrastructure requirements of Artificial Intelligence (AI).
ā¦ more information on the collapse of something somewhere. I also find it interesting that no major financial media group (e.g. Bloomberg et al.) has gone on record to quell the rumor.
Rumor has it that Deutsche Bank was the first to fail. I seriously hope that JP Morgan is up there in the next groupā¦ but, as I understand, nearly all banks are about to report failures and it will take the (planned) currency reset to put the new financial system into the light. Most countries are showing off their new version of currencies that will be asset-backed (gold at an agreed upon value) and part of the attempt to level the playing field everywhere.
Just what I hear - for entertainment purposes only.
ā¦ unfortunately, the vast majority of media is for entertainment purposes only.
There are at least 6 such banks in trouble, which began when Xi first asked each adult in China to buy an ounce of silver a couple of years ago. The writing was on the wall back then. But there could a minimum 600 billion dollar total hole in the contracts which 6 larges banks in USA caused themselves by shorting silver some years ago. There is isnāt enough available silver for those banks to provide the physical silver at a profitable price from their perspective.
ā¦ yep, same with gold. More paper than physical.
Well, the names are no longer going to be withheld and it will be Biblicalā¦ starting today.
The point is that the ISO20022 is now in full effect. SWIFT system along with Fiat is OUT. A new rail system is in. It will take a day or two for the upward explosion so if you havenāt taken advantage of the suppression of XRP to hold as much as possible, you have a brief moment.
https://x.com/coinbureau/status/2018273187520249896?s=46
For those not on Twitter: Ripple (XRP, XRPL, RLSD) have just been accepted in the EU with a full money license.
NOTE: This is not advice from a recognized financial advisor. Just someone following the market.
ā¦ My God, how long does it take one to get into position to embezzle bank funds?
140 million gone and only 12 indictments with only 1 of those resulting in prosecution with jail time of just 4 months. Iām in! Pick me! Pick me!
Before that came one of the cityās most notorious bank failures: the 2017 collapse of Washington Federal Bank for Savings, following a $140 million Bridgeport embezzlement scheme which led to more than a dozen federal indictments and a four-month prison sentence for former 11th Ward Ald. Patrick Daley Thompson
Good article. Something like it may be true. That whole futures market is a nest of demons. Banks / funds that have so many (often opposing ) positions. They have long futures contracts to counter the risk of their short positions and are playing the odds one will make more than the other cost to place. It needs to be switched to 100% upfront money when a ālongā contact to buy is placed, and 100% verified metal in hand when a āshortā contract is offered for sale. Itās just a big control game that also facilitates for a few to skim money off the resources of the common investor.
That said, I deplore the skullduggery but also recognize that the Crimex (COMEX) had to be saved. The exchange is a corporation and would have been liable to make the contract whole. If the COMEX were to fail due to massive failure of short seller contracts it would totally place control of metals price discovery in the hands of Asian markets. Not good.
They were NEVER planning to get rid of cash. They just decided it should have VALUE.
There will be a finite period of time to convert your green fiat into the new form. After that, your cash will be a worthless collectable.
BTWā¦ again, I am just a landscape architect, not a financial expert but XRP is at $1.26 on Thursday evening and there are projections to $1000 by the end of the month. Do the research (I have heard much higher numbers). IT IS THE NEW SWIFT REPLACEMENT. See parameters of ISO20022!!!