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Coming Liquidity Crisis?

Comments (11)

I haven't read your link but Gold is one commodity that rarely falls in crisis. Hope for the best.
In a liquidity crisis people people sell what they can, not what they want.
Swamie
Anything is for sale in the United Soviet States of America!!! rolling on the floor laughing


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"Will we see a lightning fast collapse in asset prices? Gold, stocks, housing etc.etc"

That's the million dollar question I 'spose but one things for certain. Iran are enriching their nukes, China and Russia are laughing at Biden.

Believe me bro, if a dumb Kiwi like myself can see it......then perhaps you can't see the woods from the trees but all said and done.....thank God you guys have Kamala to steady the helm drinking

Biden is an absolute tool and a useful idiot at that. America used to be the leader of the free world (Democracy), now you're the land of the woke/joke

drinking
complicated raphael:

US$1,808.50 gold per ounce

US$1 v Ruble = R74.15

1 US Dollar to Russian Ruble stats
Last 30 Days Last 90 Days
High 74.729 77.318

Low 72.005 71.773

Average 73.003 73.840

Volatility 0.40% 0.46%


US$ v Yuan = Y6.47

1 US Dollar to Chinese Yuan Renminbi stats
Last 30 Days Last 90 Days
High 6.4900 6.5483

Low 6.3978 6.3676

Average 6.4537 6.4494

Volatility 0.19% 0.16%

The US$ is sliding against both the Ruble and the Yuan yet the US$ value gives an appearance of increased value if we look at US$ gold price.
However the increase quoted in US$ is actually (I think) showing takes more US$'s to purchase an oz of gold.
When you consider Canada has dumped all its gold holdings and Russia just dumped US$186 billion from its National Wealth Fund onto the market be very complicated to determine when the US$ will crash.
It might not however the majority of nations wont be transacting trade settlement in US$ any more, its confusing to quote dollar values that are forcing prices of goods and services up instead of creating stability thumbs down thumbs down thumbs down
Unless we get killer Covid variants with lock downs etc. The U.S. will do well once inflation subsides. I wasn't worried about the U.S. dollar, /world-currency-3305931

I was worried about reverse repo and the banking system.
"I haven't read your link but Gold is one commodity that rarely falls in crisis."

That's typically been the case but we now live in the age of cryptocurrencies (bitcoin is seen by many as digital gold), also if there is a financial collapse - as some people think - it could be worse than the Great Crash of 1929. You also have to factor in political tensions and divisions...

So there's definitely a case to be prepared. For investments a lot of people recommend diversification - some in gold/silver, some in crypto, some in property funds or bonds... etc.

But outside of investments it's certainly no harm to stock up on perishables - food, water, toilet roll etc. to get yourself through bad times if things do get particularly hairy. Growing your own food, having chickens etc. is obviously an advantage too, if you have the means.
Its not the highest debt US has carried in the past but quite substantial.

In June 2021, the public debt of the United States was around 28.53 trillion U.S. dollars, over two trillion more than a year earlier, when it was around 26.48 trillion U.S. dollars.

The Current Outstanding Public Debt of the United States is:

$27,752,835,868,445.35

Last Updated: Wednesday, July 14th, 2021

Every man, woman and child in the United States currently owes $84,099 for their share of the U.S. public debt

Which Foreign governments own the most U.S. debt?

Answer: Here is the Top 10 (as of Sep/2019)

1. Japan, $1145.8 billion dollars
2. China, Mainland, $1102.4 billion dollars
3. All Other, $484.8 billion dollars
4. United Kingdom, $346.2 billion dollars
5. Brazil, $301.2 billion dollars
6. Ireland, $274.1 billion dollars
7. Luxembourg, $252.5 billion dollars
8. Cayman Islands, $238.7 billion dollars
9. Switzerland, $231.3 billion dollars
10. Hong Kong, $224.2 billion dollars
Of the $5.1 trillion dollars of US debt that is owned by foreign governments, China and Japan own nearly half.

Both Obama and Trump printed over US1 Trillion and were applied to US Debt. Given the US$ is only backed on promise and bullshit in the interim the Fed are waiting for raphael to pay up his $84,099 share. doh so they can introduce the new US Peso
Interesting comment Rob, I thought to mention it as well on your Reserve comment to Iyyov- exactly when they could not get the Amero introduced, only the Euro , it required the other banking crimes.
"On January 8, 1835, President Andrew Jackson achieves his goal of entirely paying off the United States’ national debt. It was the only time in U.S. history that the national debt stood at zero, and it precipitated one of the worst financial crises in American history! "
dunno

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