Goldtent TA Paradise

Housing in “flash crash” mode

1. silver fox says:

   October 15, 2022 - 2:42 pm at 2:42 pm

   Financial analysts estimate the derivatives market at 2.3 trillion US dollars.

   The central banks of every major western nation are insolvent.

   There is bloated debt everywhere – government, corporate, and consumer.

   The whole rotten, stinking mess is in danger of imploding.

   The imbalances in the economy on a percentage basis are far more severe than in 1929.

   The Fed is trying to balance on a knife edge the opposing forces of inflation and deflation.

   The way I see it, they will have both. First comes a deflationary collapse ,and then comes the inflationary blow off.

   IMHO it is time to get out debt, squirrel away a few pieces gold and silver, and hunker down.

   Good luck to all.

   • Fullgoldcrown says:

     October 15, 2022 - 3:52 pm at 3:52 pm

     Don’t forget a 3D printer Foxy….you can just print up some steaks and guns and ammo and some beer and weed …should be fun

2. Chartsmaster says:

   October 15, 2022 - 6:40 pm at 6:40 pm

   I believe the outstanding derivatives are more like $600 trillion. Might be double counted because every one has a counter party but that still is enough to collapse the whole system.

   • Gold Learner says:

     October 15, 2022 - 6:54 pm at 6:54 pm

     Sir CM,
     I am a student of the great Jim Sinclair, who, I believe, has mixed support/opinions on the Tent.
     I do not believe I have discussed about Sinclair, with you 1 on 1, but would love to.

     I have no reason to believe the derivatives notional amount has come down over the last few years. Derivatives only going up makes complete sense to me. Nobody is tracking these “products”, so I have no reason to assume that they are less than 1.5 quadrillion USD or more as of now.

     An example: interest rate derivatives: as the interest rates in the US have gone up in the last 3-5 quarters, how many such derivative bets have failed? If they were in the tens of billions, wouldn’t the losing party (bank) (on this failed interest rate derivative bet) have failed itself?

     Below is an 11 and a half year old article/interview:

     https://www.financialsense.com/contributors/ron-hera/interview-jim-sinclair-on-gold-and-the-world-financial-system

     GL