Precious metals demand

This is how bailouts are “funded” to keep the upper classes “stable” :rolleyes: Someone always pays, just might not be someone in your line of sight.
Now if new money was created for productive activity and not to protect and encourage bad investments then it might be a different story.

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I think we had transitory sturdiness hehe. About as much as you can fit in a tent.

It's kind of like when they say "America has to pay its bills" but then its just added to the debt and nothing is really paid. Classic!
 
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mmm....shiney! said:
Fair enough, it's more widespread than I believed.
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This was a fun read:
In December, the CEOs of the eight largest banks in the United States participated in a three-hour posturing session before the Senate Banking Committee. It was a disheartening display that showcased the toxic blend of politics and asinine rhetoric that often characterizes discussions about banking.

Much of the hearing focused on proposed banking regulations known as the “Basel 3 Endgame.” Claiming to “translate” the potential implications of this complex topic “for the average American,” Republican Senator Tim Scott stated that the proposed rules would lead to “fewer dollars to lend to Americans.” Bankers and several senators, including Scott, argued that by keeping a portion of the banks’ money “on the sidelines,” these regulations would prevent poor people from achieving the American Dream.

But these threats often originate from falsehoods, such as Scott’s suggestion that capital is something banks cannot use. In reality, as Democratic Senator Sherrod Brown noted, “Absolutely nothing in these rules would stop banks from making loans.” Instead, they would simply require banks to rely more on their own equity and less on borrowing to finance loans and investments. As the late US Federal Reserve Chair Paul Volcker famously observed, there is a lot of “bullshit” in the debate about capital requirements.
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More:

https://www.project-syndicate.org/c...asel-endgame-reforms-by-anat-r-admati-2024-04
 
"authorities in No.1 consumer market China warned precious metals promoters against "beating drums and spreading rumors" amid the price jump. "

lol. China doesn't want FOMO driving the price up. They want the world's gold as cheap as possible.
 
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