/biz/ - Business & Finance

>>55741258
I'm on about all the USD nations around the world hold because the USD is currently the world reserve currency.

>>53094093
There is no exact date, no one can predict when that will happen. The only thing we know is that the direction the financial world is moving in is going to cause a western financial crash. 60% to 70% of the world's economy is in the east, those countries that are in the east are setting up an international payment system outside of the US dollar. Once that is fully running the United States will lose its world reserve currency status, then people will drop their US dollars for commodities in what is known as a crack up boom. It has happened in the past, this will be no different.

>>50253728
It means for the whole of 2022, JP Morgan Chase and Citibank can suppress the market by exchanging the paper receipts labelled as gold. The more paper receipts in the market, the lower the price of gold.

If you want to know what a derivative is, it's a contract receipt between two parties over a period of time (in this case the orange bar represents a one year contract of receipts). This is to make sure on both sides get the same value of exchange outside of market forces. However the person who has brought those goods can use those receipts to flood the market and lower the price of that commodity and then buy them back. Where I'm from gold has no tax or capital gains tax so if I had $4.5 billion in gold receipts and can just keep on selling it on the market and then buy it back after a period of time.

Why would the banksters do something like this? It's to hide the fact that the fiat dollar is losing value through all the money printing that has happened over the pandemic with the main safe haven against this are precious metals like gold. If people lose faith in the US dollar and put their store of labour into gold, the US dollar ponzi scheme is over. The banksters cannot allow this to happen so are kicking the can down the road in an attempt to turn things around, only this time I don't think they will be able to do it. With the internet people talk and pass on vital information on how much fiat money is a scam. It's the banksters own god damn fault for playing stupid games, trust in the banks hasn't been this low in living memory and we could very well be on the cusp of a western economic depression, which could mean revolution.

>>49574152
This is the equivalent of sticking your dick in an electric outlet. The Canadian government just upped their retard levels to super fucking retarded faggot level. Why can't these faggots ever invest in real things that affect reality, like infrastructure?