The helicopter sits idle, because politicians just can’t bring themselves to dropping some crumbs on the proles until the hunger pangs really kick in…
UPDATE 19:23 TUESDAY, AUGUST 11TH, 2020
Check this out:
If you have extra coins at home, please use them to make purchases— or deposit them at the bank or exchange them for cash. Help get coins moving! 🇺🇸— Steven Mnuchin (@stevenmnuchin1) August 11, 2020
That’s exactly what a Deep State Globalist would say.
There is one problem, however:
You can’t get around “Gresham’s Law“.
But thank you for playing!
Do come again!
END OF UPDATE
Update 2:45ish p.m. EST –
Silver’s getting smashed pretty good:
As long as people are willing to gamble in the rigged casino, out of their own selfish greed instead of sacrificing one single freakin’ day of potential profits to starve the beast, the beatings like these (extra brutal) will continue.
That said, good luck finding a single ounce of even generic for around twenty-five bucks!
Although give the cartel its due, for the smash is impressive:
For those doing the math, from the spike high on that chart of $29.38 to the spike low (so far of $24.81), that’s a crash of over 15 percent, in mere hours!
And no, Bitcoin Fanboys and Pumpers, silver is NOT the new Bitcoin in terms of volatility.
In fact, Bitcoin is nothing like silver at all.
But I digress.
When it comes to the “cartel”, to the shills and trolls out there, the cartel is not some shadowy group secretly rigging prices, but rather, it’s the Exchange Stabilization Fund, the Fed, and agents (such as the New York Fed, Blackrock, JP Morgan, etc) acting on behalf of one and/or both.
I mean, it’s right there in plain English on Treasury.gov:
TRANSLATION: The ESF can rig any market it wants to, at any time, and for any reason.
And they don’t even have to tell you!
Because like, oh, well, you know, it’s all in the name of “National Security”, or it’s a “national emergency”, or it’s a “necessary opaque intervention”, or it’s a “strategic tactical subversion”, or it’s a “geo-political whatever”.
In silver, it happens so long as they can manage to feed some actual supply into the market, all the while selfish people are willing to be “market participants” in the corrupt fraud.
Side Rant: The reason Gold & Silver Manipulation Deniers exist is because they know that morally, they couldn’t live with themselves for willingly gambling in a rigged casino, because some people with a ‘holier-than-thou’ attitude view that as morally wrong at best, and so the deniers must make excuses to justify their behavior.
In other words: They can’t admit to the manipulation because they know that in their heart of hearts it is, at the very least, morally wrong to participate, so they must deny the manipulation.
I don’t have a problem with it, or them, or morality one way or another with respect to gambling or not within a rigged casino.
I’m not one to judge.
I just wish people wouldn’t gamble in the rigged casino so that we could get a win for Freedom and Liberty via Free(er) Markets for once.
Regardless, here’s the thing about participating in the rigged casino, in my humble opinion: It’s like the one guy in the mob who feels OK about only having kicked some poor fella in the gut while he was down at one of these “protests” because, well, it wasn’t that one kick to the gut that killed the poor fella, but rather, it was the lead pipe to the side of the head, so it must be okay, right?
Just one little kick?
That said, now is a great dip for physical.
If you can find it.
I didn’t realize this would turn into a rant.
Now, if we could only get the cartel to smash silver under $20, as I said I would like to see yesterday, perhaps I could find an ounce for around twenty five bucks!
I may be cheap, but by stacking real, physical silver, I’m doing my part to starve the beast.
I hope you will too.
END OF UPDATE
(by Half Dollar) A lot of hype has been made about Trump’s lastest Executive Order and numerous “Memorandums”, which aren’t even executive orders, even though they amount to a whole lot of nothing.
If you don’t qualify for the 400 bucks, however, for myriad reasons, even though you find yourself out-of-work, too bad for you!
Additionally, it’s not like the extension of unemployment benefits are automatic or instant, and there could be legal challenges.
And what about the eviction memorandum?
Doesn’t anybody care about the hard working Deplorable who purchased and fixed-up a trailer park with blood, sweat and tears, who financed some of it, but now can’t evict his deadbeat tenants?
I guess not.
And what about suspending payroll taxes?
They have to be paid back.
So while I’m not smart enough to know what the big deal is about Trump tossing a cheese doodle or two to the Walmart Zombies, in my humble opinion, this stalemate on Cares 4.0 could simply be a stall tactic for the cartel to buy more time.
You see, they’ve been needing to smash silver very hard, and it’s not really all that bad of a beating today:
But the more they smash, the more physical silver flies off of the shelves of dealers around the world.
So Cares 4.0 is stuck in a stalemate.
It’s a Mexican standoff, in Washington!
Here’s more on the Cares 4.0 (and helicopter money) stalemate, from Fox News (bold added for emphasis and commentary):
White House officials and Democratic leaders remained at an impasse Monday over another coronavirus relief package, with aid for cash-strapped state and local governments emerging as the latest obstacle in negotiations.
The two sides are at odds over whether states should receive additional funding in the next round of emergency aid — and if so, how much.
Negotiators are trying to close the divide between the Senate Republicans’ $1 trillion HEALS Act, which includes no new funding for states, and the House’s $3.4 trillion HEROES Act, which allocates about $1 trillion in new funding for state and local governments.
The stalemate puts at risk potentially trillions of dollars in aid for families, businesses and the U.S. economy, including a fresh round of $1,200 stimulus checks, extra unemployment aid for millions of out-of-work Americans, $100 billion to help reopen schools and relief for cash-strapped state and local governments.
Here’s my prediction: Once the smash in gold & silver is over, an agreement will be made, and the roar of the helicopters will be heard overhead.