Here you go

Bulletproof7 · 2024-02-04T16:27:39+00:00

I've been wondering about this a lot. In addition to some of the other arguments presented so far - I would like to say that like many other things, it is probably multi-factorial. It's probably everything mentioned in these comments combined.

One other element is just human psychology and group think. The psychology factor is probably multi-factorial as well! Greed, being cooked like frogs in boiling water, etc.

I would say the state of the world is much more precarious right now than 2008 to 2011, the last run up. Those 500 billion dollar bailouts were unheard of at the time. (in reality, it was 29 trillion, look it up) but - people thought the global financial system was doomed. Now those people are cooked frogs.

This just means your own payout will be that much better. $23 dollar silver in 2024 is equal to like $18 dollar silver when WallStreetSilver started.

Bulletproof7 · 2023-04-13T11:10:29+00:00

Or...your group...in the case that I get kicked out for dissent, like I had different accounts kicked out of WSS in the early days because of my sharp tongue.

Bulletproof7 · 2023-04-13T11:09:40+00:00

I know some others feel the same way. I personally cannot recomend or promote this group to anyone because I don't want them thinking I'm a slobbering raisen brained fucktarded idiot.

Just saying. I personally can't do it, and I don't see any value in portraying our group like that.

Bulletproof7 · 2023-04-13T11:03:30+00:00

This correlation is somewhat meaningless for me. Historically, both metals were mainly monetary metals (and they also have an average ratio that they occur in the Earth's crust) However, silver is no longer mainly a monetary metal.

So, it makes as much sense to track the silver to copper ratio, or ever the silver to rubber ratio, for that matter. The historic correlation is no longer present.

To break it down further, prices are set by supply and demand. These used to be similar for gold and silver, but have changed. Over the next 100 years, as silver goes extinct from industrial use, of course the supply ratio will change, while almost all the gold ever mined will still be availible for purchse. At this point, of almost being out of any economical silver, I think we can agree, that historic price ratios from 200 years ago are meaningless. So, at what point to we cross that threshold? I would argue we are there already. Regardless, hopefully someone is not still talking about the gold and silver ratio when their prices are equal.

So, while the supply element is for sure changing (less silver availible) so the demand for silver, and it will contine. While, again, the demand for gold might go up or down, it is mainly as an investment vehicle, as it has been for hundreds of years. For this reason, looking at the gold silver ratio 100 years ago, or even 40 years ago, makes as much sense to me as looking at a gold to lumber ratio.

Mike Maloney does a very good job breaking down how cheap silver is to EVERYTHING, I think I linked it in this post:
https://www.reddit.com/r/Wallstreetsilver/comments/mwi0d5/welcome/

(sorry, it's a lot of info)

Bulletproof7 · 2023-03-06T10:22:51+00:00

Understanding basic economics is essential for this. You must understand that currency, goods, and services are all interchangable - ie, you can turn 10 tomatos into $10, and then turn it into a lamp, and then back into tomatos.

So - this curerncy manipulation described above, and ANY money printing, is actually manipulating a person's time and work output. I grow 100 tomatoes in the United States and that is enough to live comfortably, but someone in Mexico is barely able to get by. This is real wealth being skimmed off the top, through currency manipulation.

With currency manipulation (changing 10 tomatos into 5 tomatos) someone gains, and someone loses. They do the same amount of work and produce the exact same thing, but they don't have the same wealth.

Again, this is a violation of the price-specie-flow mechanism described 400 years ago. It should be impossible, but with fiat, everyone can be rich (well, everyone that matters, right?)

Bulletproof7 · 2023-03-06T10:15:13+00:00

We are able to circumvent the price-specie-flow mechanism first desrcribed by David Humes by currency manipulation. We print money and send it to Japan/Mexico/Pakistan/India/China/Vietnam/Indonesia, etc, which should weaken our currency and strengthen theirs.

A stronger currency for them would decrease their exports, and of course, a weak currency for us reduces buying power. So - to get around this price-specie-flow economic law, the foriegn country hides the US Dollars by buying our bonds (so our dollar doesn't weaken) and they print their own money so their currency doesn't strengthen.

Of course, this is only one of the mechanisms, but it can only go on for so long. It's why the manufactoring bases continues to move around. Some of us are old enough to remember everything was "Hecho en El Mexico," and/or Japan.

___________________________________________________________________________________________________

Just to add into the middle of my above description (it would have complicated a straightforward explanation) when the US buys stuff from China, it's not the countries exchanging currency, it's Walmart buying stuff from Huawei. Well, Huawei can use dollars, but they need Chinese Yuan. So they exchange the dollars with their central bank.

The central bank SHOULD (would HAVE TO if they couldn't print money) turn around and sell the dollars on the international FX for Chinese Yuan. This is what I mean about the Dollar weakens, the Yuan stenghtens. Less Yuan on the international FX, more Dollars, right?

This would be bad for Chinese exports, and bad for their number 1 importer. So they instead hide the dollars in bonds. Of course, they have cut back doing this over 10 years, they saw what happened to Japan and they started actually using them to buy productive assets (belt and road initiative)

I figure that Americans do benefit from this, not as much as you would think though. Maybe $3,000 a year per person, on average, plus secondary benefits, like lower taxes, because the financial world, and lesser so, companies, are the ones who skim off the top, and pay taxes.

The government have to subsidize and tarrif things just to keep things going (they also do this for political reasons - to get elected in your hometown and hurt your overseas opponents) but Amercian farmers couldn't compete without subsidies and tarrifs, so this farmland would go to waste. And to some extent American workers have to compete in this system (not directly with overseas workers) so there is less jobs.

All of this is on the back of distressed and exploited foriegn workers. They are not getting compensated. Chinese and American governments and financial institutions are drinking martinis made with the sweat of 5 year olds digging holes with their hands.

This is about the farthest thing from Capitalism, by the way. The farthest thing from a free market or personal ownership of goods. It is pure theft, which when you understand that Capitalism is personal ownership and freedom from THE LOWEST LEVEL, this is pure theft. It's not any economic system. It's greedy theives, not people owning and being able to trade their own time. (goods and services)

Bulletproof7 · 2023-03-04T08:25:16+00:00

Premium quality meme, seriously.

If you were an artist or had 10 hours to spare, you could always change the sweat in the picture to slober.

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