Silver goes ballistic and shakes the financial system

[Mike]

I've been talking a look at what this guy has been posting about silver. Overall, I've found him worth checking out. Here is a tweet from today. I think it is pretty accurate to look at what is happening with silver (and other commodities - rare earths article posted earlier, etc) as one aspect of an ongoing war that just hasn't gone directly hot between the US and China/Russia and the US's potential attack on Iran is directly related to this.

https://twitter.com/x/status/2016974888934822100

I'm now going to explain the reason to you, but it's not exactly easy to swallow. It has to do with the fact that we're standing on the brink of a hot war.

The USA is currently in the process of losing financial control over the world. Trump is downplaying the weakness of the dollar, but it's clearly happening.

This is also evident from the fact that in Shanghai, the premium over Western silver prices continues to hold in the area relevant for VAT (when physical delivery takes place). That means the West has lost pricing power over raw materials and can only prevent metals from flowing out of the West by grudgingly going along with the higher prices and matching them.

China is doing this to demonstrate that it has now also gained financial dominance—after already leading energetically and economically for years.

The USA has recognized that it has one last chance to retain control, by attacking. Right now, the USA no longer has control over raw materials in general, but in oil it still holds an asymmetric advantage that it could use.

Just recently, the USA removed Venezuela from China's list of oil suppliers. They're now moving heavy military equipment into the Middle East to threaten China.

By doing so, they're signaling: If China doesn't stop pulling silver and gold out of the West in order to claim their top spot, then the USA will use force to defend that position.

Because if China lost the Strait of Hormuz, it would suffer at least a short-term tactical defeat—since ~40% of its oil supply would collapse. And in a total war of attrition and attack by the USA, China might no longer be able to sustain its army's supply lines to defend its homeland long enough.

The question now is whether China has prepared fast enough for this scenario and can outplay the USA by allowing the shift from Iran toward the USA, or whether it will push back, continue supporting the Iranian regime, lose its oil in the short term as well—but not in the long term.

Unfortunately, I can't look into the true stockpiles of the countries to judge whether China can buffer a loss of oil control via Russia and therefore will retreat and allow a regime change or whether it will fight over it through water mines in the strait.

This reminds me of this question and answer with the C's from about 10 years ago. I think Russia working with China is about to take the queen in terms of the reality of commodities and economics and silver (and gold) has at least some major part to play in that actuality.

(Perceval) Yes. I wanted to ask about the extent to which the US and the powers in that camp have been checkmated by Russia and Putin? They seem to be extremely quiet. All they can do is talk a lot of nonsense and throw silly accusations around...

A: Not checkmate just yet, but the queen is certainly in danger of being taken.

Q: (L) That's not bad.

(Niall) Is the queen Israel? [laughter]

(Chu) You wish!

(Perceval) No...

(Pierre) Unlike a chess game with these nuclear powers available, Israel for example can just drop the whole chessboard and everybody loses.

(Perceval) There's something I've been saying to various people, and I'm wondering if it's true or not. The stories in Richard Dolan's books about US nuclear missile sites being disabled by UFOs at various places so that they couldn't fire anything way back in the 60's at the height of the Cold War. Was that a message to the Powers that Be that no nuclear war would ever be allowed? Did 4D STS send a message in that way that nobody would be allowed to push the button because you'd kill everybody. Since this world is like a farm, their cattle would all be killed. Is that anywhere close to the truth?

A: Close.

 

[SummerLite]

I've been talking a look at what this guy has been posting about silver. Overall, I've found him worth checking out. Here is a tweet from today. I think it is pretty accurate to look at what is happening with silver (and other commodities - rare earths article posted earlier, etc) as one aspect of an ongoing war that just hasn't gone directly hot between the US and China/Russia and the US's potential attack on Iran is directly related to this

I've heard of this theory recently as well with a few differences. The USA is fearful China is gaining to much power around the world and having their oil supply under control would place restrictions on them especially if they wanted a war. So there the US is off the coast of Iran. Another idea involving military tactics, if China did intend to become to power hungry (which some in the US claim) then this would threaten Russia as well so therefore they would choose to align with the USA which would make China unable to gain total control.

I can't see the US starting a hot war with China though, that would be catastrophic. So far they're using other means like trade wars.

Lots of ideas circulating, its interesting. There could be something to this, controlling China's oil.