Rafi Farber’s Warn! Why I Changed My Entire Prediction on Gold and Silver Price
there’s one solution to this problem it
is stop stealing there are many ways to
steal you can just take somebody’s stuff
you can borrow and then not pay back or
you can print their currency units and
lie about how much money you actually
have all of it is theft the best way for
society to continue and to prosper is to
not steal today we’re diving deep into
the world of money and credit with rafy
Farber ever wondered why there’s a
perception of credit shortages in
economies where gold rules rafy’s got
the answers stick around as we uncover
the truth behind this apparent
scarcity get ready for a mind-opening
discussion on how prices adapt to supply
and demand reshaping our understanding
of
Economics let’s get started on rafy
farber’s journey into monetary Dynamics
something happened at around 4:35 a.m.
when Iran started sending its missiles
over to Israel
supposedly and that was this yes it is
true that markets are closed including
Futures markets at Sunday morning at
4:30 a.m. Israel time but the blockchain
markets where people trade uh tokens of
either nothing or
something they’re still open they’re
open all the time which I believe
contributes to the collective Insanity
of humanity because they never have any
break not even for a minute from Trading
but anyway what happened here is this in
the blue we have a blockchain token that
is actually supposedly backed by gold
bullion stored by Brinks I don’t want to
get into whether it actually is or isn’t
but let’s assume that it is and the blue
line around when Iran started to send
its missiles over to Israel and there
was a thought that maybe World War III
was starting so you had this going on
right the blue line is gold basically
trading higher to the equivalent of
three ,000 per ounce that’s where this
peak is when the missiles started to
fall I believe and at the same time you
had Bitcoin plunging by about
10% now this doesn’t prove anything it
could very well be that when things
really start to get hairy you’re talking
about hits the fan you’re talking
about ingame stuff that really everyone
will just pile into Bitcoin which is a
safe a series of locked safes that when
you open them up you get nothing and
they might pile into Bitcoin because I
don’t know why as opposed to piling into
something tangible and real uh like gold
that could happen I don’t know but
anyway we have a real life example of
what happens when there is a panic of a
possible endgame gold goes up Bitcoin
goes down each at the expense of the
other and that’s how it will work almost
certainly could I be wrong yeah maybe
Bitcoin is the savior of humanity I just
don’t think that’s true but anyway a
subscriber asked me to respond to a
column by Charles H Smith who is usually
pretty good on his commentary on his
economics commentary I’m familiar with
his blog it was featured on C hedge but
he wrote this article it does show that
even people on our side at least
philosophically on some issues they just
don’t get the basics they try to
complicate things they try to sound
social engineer is generally speaking
academic language is a good place to
hide a bunch of which we see in
the fake Academia of especially science
and pharmaceuticals these days you say
things in very sophisticated language
and you can pretty much say whatever you
want because you sound smart and people
just say oh whatever he sounds smart so
he must be right or at least he must be
thinking deeply about things when you
could be thinking absolutely not deeply
at all or incredibly shallowly as long
as you use complicated sounding Concepts
that don’t really mean anything
I’m not saying that’s what Charles Hugh
Smith did here but he got pretty close
to it so let’s go through it the first
two sentences set the framework of this
article and the entire thing is
problematic he says we need to start
thinking outside the current system
which has no Solutions our convictions
about money are Quasi religious Heretics
are burned at the stake I’m not sure
which stake I’ll be tied to because all
the conventional choices Fiat currencies
sound money gold or Bitcoin in in
parenthesis and that’s problem itself or
debt-free currency AK mmt are all
fatally flawed okay so this sets the
tone of the entire article as trying to
come from a top- down perspective and
create some kind of committee that will
decide what system we have to go to uh
we need a group of people that will
decide what the problems are and what
the solutions are except that’s not how
money came into existence money came
into existence organically through trade
people traded one thing for another
thing and then people held on to the
most liquid thing because the most
liquid gets you closer to what you need
in the end and and hence money arose
from organic trade from the bottom up so
there is no committee-based top- down
solution a group of people trying to
solve a problem the solution is you just
allow people to trade in whatever they
want to trade in and then the best money
wins if it’s Bitcoin it’ll be Bitcoin it
won’t be Bitcoin but you should allow
people to trade in Bitcoin if they want
allow people to trade in Gold allow
people to trade in debt currency allow
people to trade in today’s fiat currency
allow people to trade in whatever they
want and the best money wins that’s the
solution just Liberty Freedom no
committees no top- down Solutions but
you’ll see as this article progresses
that the entire thing is trying to have
its cake and eat it too in the sense
that the problem with the monetary
system is that people steal and what he
wants is a system that allows theft and
allows us to escape the consequences of
theft There Is No Escape From the
consequences of theft all debts must be
paid and you’ll see this throughout the
article in an economy in which gold is
the only money or silver credit is
limited to a percentage of gold held in
reserves as much as the reserves must be
held to fund customer redemptions
withdrawals this limits the availability
of credit so you’re setting up um a
problem that doesn’t really exist that
people want more credit and therefore uh
there’s only a limited amount of credit
and so not everyone can get credit and
there’s a shortage well that’s not true
because prices adjust to supply and
demand if there is not enough of
something the price go goes up for it
and then it is a portion to the people
who are willing to pay that market price
until supply and demand meet at the
market price and the market clears if
you have not enough Tomatoes the price
of tomatoes goes up until the supply of
tomatoes and the demand for tomatoes
equals out and the market clears it’s
the same thing with credit there’s no
such thing as not enough credit if
there’s not enough credit the price of
credit grows up which means interest
rates go up which means credit is
supplied to those who are willing to pay
for it and risk the most for it because
they know they need it and the demand
for their product whatever they’re using
the credit for will be met whereas more
speculative Industries or more
speculative Ventures will not be funded
because they cannot afford the high
price of credit when interest rates go
up when the credit is of short supply
very simple supply and demand Market is
clear that’s all you need to say uh
here’s the next paragraph in a
fractional Reserve banking system such
as ours one ounce of gold held in
reserve is sufficient collateral for a
loone 10 times the value of the reserve
2,300 in Gold enables the issuance of
$23,000 in new money I.E a loan of 2
$3,000 as every loan is new money
created by the act of issuance he’s
saying fractional Reserve here oh here’s
a solution you can just uh uh loan out
credit based on a fraction of gold that
you have but if you loan out all that
credit there’s a lot of it that will not
be paid back because there’s not enough
money to pay it back and a lot of those
Industries or whatever those Ventures
are going to fail and you’re going to
create busts that’s how you start with
the boom and bus cycle you create credit
that is not backed by anything and it
makes the impression that the the the
supply of gold or the supply of capital
is higher than it is and most of those
Industries end up failing what we’re
doing now why they haven’t failed yet is
because we created the most massive
credit bubble where almost all of the
industries that are in operation right
now are supported by credit for money
that doesn’t exist and therefore they
will all go bust doesn’t mean the
capital physical capital that they have
will go out of existence but it does
mean that the ventures will fail and
they will have to be sold very very
cheaply to those who have real money
which is gold which goes back to the
thesis of why we stack gold and silver
in in the first place because all the
capital that has been created on false
credit will fall in value relative to
real money and they will all be bought
up by holders of real money gold and
silver stackers Etc interestingly he
says your convertibility to Gold didn’t
restrain the ravages of inflation look
at the chart of the usd’s purchasing
power since 1900 and note the value
dropped from $25 to $5 During the period
that the USD was convertible to Gold
well that’s why they had to to stop the
convertibility to Gold because you were
still inflating the paper over the gold
Supply which was why the gold
convertibility eventually broke but you
can’t dispute the fact that if you just
held the gold instead of the dollar your
purchasing power would go up and up and
up and up over time and now I’ll just go
into his final paragraph here we need to
start thinking outside the current
system which has no Solutions debt-free
money leads to billion dollar bills
sound money gold or Bitcoin doesn’t
matter ends up in the hands of the
wealthy and borrowing money into
existence leads to stagnation as soaring
interest sucks the economy dry look dude
here’s the solution and it’s not a
solution that can be sustained except by
a moral society and morals inevitably
Decay God can come down from signing and
give you a Torah and give you a law and
you can break it he’s not going to stop
you right you can’t be in a Utopia where
everyone acts perfectly but we know what
we have to do there’s one solution to
this problem it is stop stealing there
are many ways to steal you can just take
somebody’s stuff you can borrow and then
not pay back or you can print their
currency units and lie about how much
money you actually have all of it is
theft the best way for society to
continue and to prosper is to not steal
that’s the only thing you have to do you
can’t have your cake and eat it too you
can’t not deal with the consequences of
stealing after you have done so because
once once you steal there is less stuff
in the economy and more money units
because whatever you stole you consumed
whether you’re printing money or not
printing money and so those consequences
have to be born but once they are you
have to go back to a society where
stealing theft is illegal whether it be
by open theft or by going into debt and
not paying it back or by inflating
clipping coins whatever it is whatever
method you want to use
once your Society stops stealing you can
live a much more Balanced Life
individually collectively societally on
all levels how do you know when you got
too much credit in an economy when you
start getting industries that are stupid
and immoral and ridiculous that’s a wrap
on today’s Exploration with rafy Farber
we hope you gained valuable insights
into the intricate dance between money
and credit if you enjoyed this
discussion don’t forget to like
subscribe and hit that notification Bell
for more thought-provoking content have
questions or thoughts drop them in the
comments below until next time keep
learning and exploring the fascinating
world of Finance
[Music]
Rafi Farber’s Warn! Why I Changed My Entire Prediction on Gold and Silver Price
Educate my audience about silver gold, chris vermeulen, silver bullion, gold and silver news, silver news today, silver news, gold investment, silver price predictions, silver and gold, silver price, xrp, silver stacking, free market economics and the principles and benefits of individual liberty, limited government and sound money. These are America’s founding principles, guaranteed by the U.S.
Gold price is Gold investment as we look through Gold market Gold analysis, Gold stocks, Gold mining and it Gold bullion. Silver price is also Silver investment as the Silver market and it Silver analysis give Silver predictions on Silver stocks,Silver mining and Silver bullion. Precious metals prices is not stable as the Precious metals market is hard for Precious metals predictions to make. Precious metals stocks,Precious metals mining and Precious metals bullion is as a result of good experience.
Thanks For Watching Our Video 🤗
Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!.
Subscribe Here: 🙏
====Disclaimer====
Information presented on this channel is for news, education, and entertainment purposes only is not intended as a solicitation of the sale or purchase of securities or investment strategies or a substitute for professional investment advice.
#Gold #silver #rafifarber
Thanks for watching the video