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Continue copying the ant storing food.
 
FollowingHim said:
And it begins. Silver futures up 8% at opening on Sunday, and physical silver is already selling out everywhere.
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
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Actually, this is really interesting. By today, all the mainstream media, and even Zerohedge, are talking about Redditers pushing into silver and putting up the price. However, if you actually read the real Reddit thread that is supposedly pushing it (and sort by "new", to get a clearer picture for reasons), you find that they're all, over and over, saying NOT to buy silver! The media coverage is a lie - but the rise in silver is real. There's some serious lies and psychological manipulation occurring at present.

Basically, what appears to have happened is:
- One Reddit thread for financial speculators (Wall Street Bets / WSB) has been encouraging people to buy shares of heavily shorted companies, particularly GameStop, to cause a spike in price and make a quick buck at the expense of hedge funds. They've found a great opportunity and have descended upon it.
- For various complex reasons, that is costing hedgefunds billions of dollars. It actually risks causing a real market crash.
- BUT the hedge funds concerned also own large amounts of silver. So, to try and compensate, they have joined Reddit and posted in WSB about investing in silver, seeding the discussion with talk about silver. The mainstream media has, somehow, been encouraged to pick up on this narrative, and pushed silver as the next big thing. That, over the weekend, caused a very unusual, massive and sudden rise in the silver price.
- On WSB, all these silver posts are being dismissed as infiltration by the old hands, and most posts are actually saying "don't buy silver". But the media, both mainstream AND major alternative (Zerohedge), is universally claiming that WSB is telling people to buy silver!
- Today there has been a large of volume of silver trading at these higher prices...

It looks like someone influential is manipulating public sentiment to cause a quick spike in the silver price, so they can have sufficient buyers to sell silver to at a high enough price to recoup their losses elsewhere. Very cunning.

As I said last week, the price of silver is now very unpredictable and could go in either direction. However I was wrong to say it was WSB behind this, it's not. There are more powerful forces behind it.

If hedge funds are having to create the conditions that allow them to sell their precious metal reserves to cover their losses on the share market, they are in a dire financial situation. Precious metals are the most reliable store of value, you only liquidate that as a last resort.

This is all symptoms of a much more serious problem. The financial markets are incredibly unstable right now, there are many similarities to the leadup to the Great Depression, and we could be looking at a serious financial crash in the near future.

Edit: It also means that even Zerohedge can't be completely trusted to give a truthful perspective on financial matters, they're just publishing the same propaganda as everyone else and don't seem to be checking the facts behind it.
 
My previous comments about stocking up last week were certainly valid. As of today, there's such a shortage of physical silver that the premium you pay for real silver coins (as opposed to paper "silver") has spiked to unprecedented levels. The paper silver price has certainly gone up - but the physical silver price has gone insane. As of today, you're looking at over US$40 for 1oz silver coin at US dealers, up from around $30 last week. That's a 33% price increase - if you can find any to buy. In New Zealand, that would be around $60 an oz, but the dealers here aren't even listing prices, they're just saying "email for a price" so I don't know what silver's going for here today.

Just look at that price chart for paper vs physical silver:
bfm3E7B.jpg

https://www.zerohedge.com/markets/u...they-halted-silver-bullion-sales-over-weekend

That price premium is roughly $14 / $29 = 48%. In other words, you are now paying 48% more than the spot price if you want to buy physical silver. This price premium is normally around 10%. The last time silver coin cost >40% more than paper silver was during the 2008 financial crash - and even then it was only around 41%. Today's price premium is even higher than in 2008.

This is a serious indicator of imminent financial chaos.
 
FollowingHim said:
This is all symptoms of a much more serious problem. The financial markets are incredibly unstable right now, there are many similarities to the leadup to the Great Depression, and we could be looking at a serious financial crash in the near future.
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Bingo
I won’t bother writing some of the theories that I am following, but things are very unstable and could get much worse.
 
When, not if.

More specifically, what's going on with silver is more specifically an indicator that a growing number of investors are recognizing that economic chaos is increasingly predictable.

I read your post twice, @FollowingHim, so please forgive me if I still fail to comprehend something you're asserting, but the Reddit crowd not recommending the buying of physical silver doesn't mean they don't want everyone else to buy physical silver -- anymore than the fact that they were buying GameStop stock instead of buying more actual games at GameStop meant that they didn't want people to buy physical games. The general point is to interrupt (and profit from interrupting) the practice of small numbers of unproductive billionaires profiting from destroying the lives of thousands or millions of productive middle class folks. That ruling class cohort has been manipulating the market in many ways to artificially hold down the price of silver. Gold, too, but especially silver. Right now, according to my rare coins dealer, silver vs. gold is 1/70, when it's normally in the 1/40 range. Clearly, some cohort of investors has been manipulating the silver price into stagnating, my guess being that they've intended to pounce just ahead of the imminent bubble crash of the economy, intending to suck up large quantities of silver as protection against the runaway inflation they have to know is coming when the Fed can no longer keep us hypnotized into believing that the artificially-low lending rates have any connection to real-world decreases in the value of money relative to purchased goods.

At $40/ounce, silver is still a bargain. After my dealer calls me Wednesday with the quote for my order this week (gold and silver), I'll let you know what a real-life purchase comes down to.
 
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Keith Martin said:
I read your post twice, @FollowingHim, so please forgive me if I still fail to comprehend something you're asserting, but the Reddit crowd not recommending the buying of physical silver doesn't mean they don't want everyone else to buy physical silver -- anymore than the fact that they were buying GameStop stock instead of buying more actual games at GameStop meant that they didn't want people to buy physical games.
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The specific Reddit crowd that have been encouraging buying GameStop (WallStreetBets / WSB), are specifically and repeatedly telling people not to buy silver - at this specific point in time. The reason given is that the largest hedge fund that is shorting the GameStop stock, and which people are keen on destroying, happens to be the fifth-largest institutional holder of silver in the world, and so any increase in the value of silver specifically gives them the finances they require to counteract the actions that WSB is taking on GameStop, and therefore reducing the potential profitability of the GameStop play. They're quite happy for people to buy silver in general, and there are people there that are fans of silver - but NOT right at this very specific point in time, because at this specific point in time it would suit their purposes for silver prices to be low. So right now most are strongly encouraging people not to buy silver.

I am not at all claiming that logic is correct, good, workable, or anything. I am just repeating and summarising the actual arguments that are being made at WSB.

Whether or not they care about others buying silver isn't really the point (there are things that could be said about that but it would make this post too long). The simple fact is that they are not promoting silver, and if anything are discouraging it. The media, on the other hand, is claiming that WSB is promoting silver. This is a bald-faced lie, as the exact opposite is the case (as outlined above).

People at WSB are specifically posting such media articles, labelling them "fake news", and discussing how everybody is lying about what they are actually saying.

It is the universal repetition and acceptance of such a bald-faced lie that I find extremely interesting, as it is market manipulation via media.
 
Thank you for that. You put the puzzle together for me!
 
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I'm also, on a personal note, a bit nervous today; I sent a message to my wife and children (16-27) yesterday in which I addressed a dynamic in our family in which, in relation to various issues (but one of them being my pursuit of plural marriage), my wife strongly asserts that she resists something mainly to keep our children from disapproving of her, while they strongly assert that they resist the same thing mainly to protect her from the ramifications of it. Each side is, imho, pretending to be supportive while pretending they aren't predominantly resisting simply because they're personally afraid of receiving social disapproval. In the end, it's a conspiracy to delegitimize me (over a number of issues) and not only gangs up on me behind my back to sabotage my authority in the family, but I confronted them for elevating their own selfish desires to the point of demanding that I sacrifice whatever is necessary to protect them from social disapproval. I have labeled the whole thing the Circular Firing Squad Snake Eating Its Own Tail in a Gossip-Laden Hamster Wheel. Today is Naomi's birthday, and if she's upset by my message, she sure isn't exhibiting it. Haven't heard from the boys, but Holly Hannah came home from work (where she likely read the message) after 11pm last night, storming to her room without speaking and has only been texting me today, despite being home from school for being under the weather. Kristin labeled the message a NastyGram. I love every one of them beyond belief, but sometimes one just has to lay down a marker.
 
Keith Martin said:
I have labeled the whole thing the Circular Firing Squad Snake Eating Its Own Tail in a Gossip-Laden Hamster Wheel.
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Now that is some picturesque imagery there! Made me smile.

Good to be clear about folks pretending to hide behind the interests of others.
 
Awomen!
 
Another thought: a tremendous degree of mainstream opposition to polygamy comes down to the fact that so many people simply hate what it means to be human. They despise their fellow humans, and, for some, they most especially despise human sexuality, so in their minds they're certain that polygamy is almost entirely dominated by a desire to have more of what they consider to be generally disgusting.

What they don't realize when they approach being human in this matter is that they are hating and denigrating the image of God. I've often wondered sitting in church services which part of God the sanctimonious Bible flagellaters are willing to concede we were made in the image of. They despise their own bodies, and they obsess on demanding that our minds are impossibly incapable of doing anything other than being drawn to doing disgusting things with our disgusting bodies, so what are they left with?
 
A fun poem I've known since my early years.

Hiding
by Dorothy Aldis
I'm hiding, I'm hiding,
And no one knows where;
For all they can see is my
Toes and my hair.

And I just heard my father
Say to my mother —
" But, darling, he must be
Somewhere or other;

" Have you looked in the inkwell? "
And Mother said, " Where? "
" In the inkwell , " said Father. But
I was not there.

Then " Wait! " cried my mother —
" I think that I see
Him under the carpet. " But
It was not me.

" Inside the mirror's
A pretty good place, "
Said Father and looked, but saw
Only his face.

" We've hunted, " sighed Mother,
" As hard as we could
And I am so afraid that we've
Lost him for good. "

Then I laughed out aloud
And I wiggled my toes
And Father said — " Look, dear,
I wonder if those

" Toes could be Benny's?
There are ten of them, see? "
And they were so surprised
to find out it was me!
 
Joleneakamama said:
A fun poem I've known since my early years.

Hiding
by Dorothy Aldis
I'm hiding, I'm hiding,
And no one knows where;
For all they can see is my
Toes and my hair.

And I just heard my father
Say to my mother —
" But, darling, he must be
Somewhere or other;

" Have you looked in the inkwell? "
And Mother said, " Where? "
" In the inkwell , " said Father. But
I was not there.

Then " Wait! " cried my mother —
" I think that I see
Him under the carpet. " But
It was not me.

" Inside the mirror's
A pretty good place, "
Said Father and looked, but saw
Only his face.

" We've hunted, " sighed Mother,
" As hard as we could
And I am so afraid that we've
Lost him for good. "

Then I laughed out aloud
And I wiggled my toes
And Father said — " Look, dear,
I wonder if those

" Toes could be Benny's?
There are ten of them, see? "
And they were so surprised
to find out it was me!
Click to expand...
That's an awesome poem. It reminds me so much of my own children, and how we interact with them. And of my younger brother when we were children also!
 
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