Credit deflation and the reflation cycle to come (part 8)

[desertorchid]

12 minutes ago, Lightscribe said:

It’s on a public ledger that can be backed by physical, so basically no different than an ETF but integrated within a blockchain so can be instantly converted at any time, no middle man fund fees (apart from transaction), stored remotely offline, or even used for instant conversion payments.

You can imagine how more appealing that would be countries with highly volatile currencies and not wanting to take flakes of gold around with you. 

Fink is salivating because it makes Blackrocks job even more efficient and cost effective. He focused on "customised strategy" They can essentially, likely through AI, have even better oversight of portfolios with much improved strategy development based on improved data. The financial markets are light years ahead of most other industries wrt to AI/blockchain etc.

[Lightscribe]

5 minutes ago, desertorchid said:

Fink is salivating because it makes Blackrocks job even more efficient and cost effective. He focused on "customised strategy" They can essentially, likely through AI, have even better oversight of portfolios with much improved strategy development based on improved data. The financial markets are light years ahead of most other industries wrt to AI/blockchain etc.

Of course. It’s not for the betterment of the plebs, convenience comes with consequences.

For them and big government, you have instantly retrievable data on anyone at anytime.

For them individually tailored data is worth a fortune.  For governments, tax evasion and money laundering gets ever more difficult.

 

[Eventually Right]

You know what? This is so retarded and smacking of desperation from First Majestic, that it probably goes beyond being a contra-indicator, and actually happens. 

[Mandalorian]

2 hours ago, Loki said:

Oh no, that sucks

Where can I learn about climate change and racism now?

The Beeb

[Loki]

3 minutes ago, Eventually Right said:

You know what? This is so retarded and smacking of desperation from First Majestic, that it probably goes beyond being a contra-indicator, and actually happens. 

Skynet is watching and learning

[goldbug9999]

2 hours ago, Lightscribe said:

Or just tokenize the gold…

https://gfmag.com/banking/hsbc-launches-tokenized-gold/

You still need a trusted custodian. Using a blockchain to track something external to the blockchain is completely pointless. 

Edited March 26 by goldbug9999

[jamtomorrow]

5 hours ago, goldbug9999 said:

You still need a trusted custodian. Using a blockchain to track something external to the blockchain is completely pointless. 

100% this. "Backing" or "backed" is always trotted out as part of these kite-flying exercises as though it's a well-understood and unimportant detail of the scheme. It's neither.

A token that involves trust in third parties to implement and verify "backing" by an asset or commodity that is already permissionless and censorship-resistant (e.g. gold)  is a token designed for the clueless. And in this case, one of the third parties is a giant face-sucking squid that takes orders from a blob that habitually freezes the assets of nation states.

But they'll have plenty of takers.

I much prefer the "backing" of market mechanisms, where the uncertainty and risk hide in the plain sight of an exchange rate.

[Errol]

8 hours ago, Loki said:

Skynet is watching and learning

By 2035, Skynet had control of the entire silver market. 

[M S E Refugee]

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

[Lightscribe]

2 hours ago, jamtomorrow said:

100% this. "Backing" or "backed" is always trotted out as part of these kite-flying exercises as though it's a well-understood and unimportant detail of the scheme. It's neither.

A token that involves trust in third parties to implement and verify "backing" by an asset or commodity that is already permissionless and censorship-resistant (e.g. gold)  is a token designed for the clueless. And in this case, one of the third parties is a giant face-sucking squid that takes orders from a blob that habitually freezes the assets of nation states.

But they'll have plenty of takers.

I much prefer the "backing" of market mechanisms, where the uncertainty and risk hide in the plain sight of an exchange rate.

https://www.bloomberg.com/news/articles/2023-11-01/hsbc-launches-blockchain-platform-to-tokenize-ownership-of-gold-in-london-vault

[Noallegiance]

1 hour ago, M S E Refugee said:

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

Who is this person?

[Long time lurking]

Now that`s what you call a hair cut 

 

[Long time lurking]

11 hours ago, Lightscribe said:

Or just tokenize the gold…

https://gfmag.com/banking/hsbc-launches-tokenized-gold/

They are all ,including central banks trying to second guess what the BRICS are up to, the above sounds like the Iran/China oil payment play, gold held on the Shanghai gold exchange for oil ,which i suspect is already something of yesteryear as their interbank messaging system has already been tested 

[ThoughtCriminal]

Man oh man are we fucked..........

 

 

[Democorruptcy]

There's an ONS link here where you can build a profile of an area, using economic indicators from the 2021 census. Put a place name in the box on the left, then on the right select 'Build Profile'. On the next page are various options to tick, ethnicity, disabled, general health, hours worked, economic activity status, etc. etc. We do indeed have a lot of sick folk who never work!

Edited March 26 by Democorruptcy

[MrFanciful]

Cocoa just went above 10000. Up 1000 since yesterday morning.

Edited March 26 by MrFanciful
Additional info

[Majorpain]

2 hours ago, M S E Refugee said:

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

Interesting because there has been rumours that supply has got tight and as a result various companies are looking at starting to invest in Silver mines in exchange for guaranteed future supply.  As Silver has been undervalued for years, there is still plenty in the ground but its not economical to get it out at current prices, as an example Hochschild's Arcata mine has hundreds of millions of ounces but its all thin veins of mineral so costly to extract.  Silver goes $50+ on a sustained basis and that supply is going to come back online.

[spygirl]

25 minutes ago, ThoughtCriminal said:

Man oh man are we fucked..........

 

 

UK has Dogger Bank, already home to world largest windy mills.

https://doggerbank.com/

DB has a nice shallow water, ideal for windy mills ,which is why theres so many deployed there.

Its also go the infrastructure in place and access to national grid.

Theres is little to no reason why wed need to look at floating windy mills, which are more expensive and unproven.

 

 

 

 

[spygirl]

The Guardian view on GB Energy: Labour’s big idea could be a great one for the planet

Editorial

 

 

Sir Keir Starmer’s plans could see the British state – rather than foreign ones – play a key role in clean energy

https://www.theguardian.com/commentisfree/2024/feb/25/the-guardian-view-on-gb-energy-labours-big-idea-could-be-a-great-one-for-the-planet

Theylll employ loads of wimmin n efnikls, neither of which will turn up for work.

 

[spygirl]

50 minutes ago, Long time lurking said:

Now that`s what you call a hair cut 

 

US faces Liz Truss-style market shock as debt soars, warns watchdog

Fiscal burden on ‘unprecedented’ path, says independent Congressional Budget Office head

https://www.ft.com/content/c43cf841-174a-457f-92de-be2c44dbb440

Its not really Truss n Kwazi.

They - CBs - know that getting debt out is a like smoking in a petrol station. Its going to blow.

 

[Democorruptcy]

Does anyone think that dividend payments are slower to be added to your account, since interest rates have gone up? Each day your cash is delayed costs you something in lost interest on your cash balance. Your provider must save a lot in interest payments across all their customers, so there is an incentive for them to move slowly.

[Loki]

2 hours ago, M S E Refugee said:

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

Can you post them in the PM thread?  I like them

[Axeman123]

2 hours ago, M S E Refugee said:

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

Just for context, is this a meaningful % or not?

[spygirl]

15 minutes ago, spygirl said:

UK has Dogger Bank, already home to world largest windy mills.

https://doggerbank.com/

DB has a nice shallow water, ideal for windy mills ,which is why theres so many deployed there.

Its also go the infrastructure in place and access to national grid.

Theres is little to no reason why wed need to look at floating windy mills, which are more expensive and unproven.

 

 

 

 

Ahh.

Dogger bank isnt  near Scotland.....

https://www.insider.co.uk/news/publicly-owned-clean-energy-firm-30265742

Thats why he wants it to be publically owned.

No way would a private company deploy to the seas off Aberdeen when thers dogger bank.

Odds on the floating windy mills will break away or damage the leccy feed.

 

 

[Democorruptcy]

2 hours ago, M S E Refugee said:

I won't post any more of these updates but the DOCTOR has just withdrawn another 4007kg of Silver from Zurich.

Why don't you email them and ask if that account is an actual customer and not an holding account they use themselves, to meet supply and demand in different locations? Doctoring the books.