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Backshore

@Backshorewealth

Vermont, USA انضم Aralık 2021
126 يتبع64 المتابعون
Steven.N
Steven.N@StevenMacroView·
Why does Fiat have to be so "Necessary" when the USD has lost ~96% of it's purchasing power since 1913 while the amount of BTC created will never exceed 21 million? Governments claim that inflation is a short-term issue; however, when we are losing 50% of the value of our money every 35 yrs (due to an annual inflation rate of 2%), that is theft through gradual erosion.
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Santiago Capital
Santiago Capital@SantiagoAuFund·
If Govs prefer fiat currency bc it is designed to help them steal purchasing power from citizens…then why on earth do you believe they would they be looking to change to a currency that doesn’t allow them to steal purchasing power from citizens…?
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Backshore
Backshore@Backshorewealth·
@SantiagoAuFund Clearly proof that the world's efforts at de-dollarize are in full swing and will soon be successful.
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Backshore
Backshore@Backshorewealth·
Trump pushes automakers and producers to boost weapons production similar to WWII. OSC? @SantiagoAuFund #google_vignette" target="_blank" rel="nofollow noopener">cnbctv18.com/world/trump-pu…
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Backshore
Backshore@Backshorewealth·
@SantiagoAuFund Isn't this the part where Trump walks around behind them with a bat while talking about playing as a team?
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Santiago Capital
Santiago Capital@SantiagoAuFund·
Remember when the European leaders summoned the American President to Brussels and lectured him about how he needed their support?
Santiago Capital tweet media
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Backshore
Backshore@Backshorewealth·
@SantiagoAuFund @BostonBogey @baldguymoney I do not understand how people can call you a dollar bull/maximalist. I can only assume they do not actually listen to anything you say. Maybe it's because the name Dollar Milkshake Theory🤷......"Currencies are a relative game" Brent Johnson about a thousand times.
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Santiago Capital
Santiago Capital@SantiagoAuFund·
@BostonBogey @baldguymoney The milkshake theory is correct. 5 out of 6 things it predicted have happened. We just have not yet had the endgame. I have said several times that I got the timing wrong.
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Santiago Capital
Santiago Capital@SantiagoAuFund·
A really cool thing about the precious metals world is you are not allowed to take profits. Ever. The high priests of hard money will have you immediately shunned & would favor burning at the stake if it was legal. Making a sale also immediately qualifies you for spy school. 😅
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Backshore
Backshore@Backshorewealth·
Pretty great interview, thank you both. This quote from Michael sums up the gist of the discussion. “We have a global paradigm whereby the only thing propping everything up if you look behind the back of the stage is American military power and the economic and financial system that America is doing is best to prop up undermines its military power because it doesn’t have the factories to build the military goods to maintain that kind of power on a sustained basis.”
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Santiago Capital
Santiago Capital@SantiagoAuFund·
Going to be weird when a day comes that gold is not up $50…
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Tony Greer
Tony Greer@TgMacro·
Someone hit me with a good podcast:
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Backshore
Backshore@Backshorewealth·
@RudyHavenstein Wait, no Becky Quick? I just assumed the entire CNBC morning crew were contractually obligated to block you? You need to work on that hat trick.
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Rudy Havenstein, Senior Markets Commentator.
I think I have the best "blocked by" list on Twitter. I must be doing something right. (Since people always ask: The Central Bank of Jamaica blocked me because I tweeted them a chart of Jamaican inflation.) Kara Swisher Joe Kernen Larry Kudlow The World Economic Forum Cindy McCain Steven Pinker Bill Ayers Adam Posen John Podhoretz Max Boot Noah Smith (I asked him to block me & he did) Andrew Ross Sorkin Mohamed El-Erian Brookings Econ Cliff Asness George Selgin J. Bradford DeLong The Central Bank of Jamaica Mike Santoli Carl Quintanilla Peter Daszak Taylor Lorenz ex-WSJ reporter Michael S. Derby Dennis Kneale King World News Walter Kirn Claudia Sahm Mark Dow Mark S. Zaid Jordan Peterson Stephanie Link Harvard's Mossavar-Rahmani Center for Business & Government
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Backshore
Backshore@Backshorewealth·
@SantiagoAuFund Every time I hear a politician talk about fiscal austerity I think of this tweet.
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Peter Schiff
Peter Schiff@PeterSchiff·
The biggest mistake the Chinese government made was suppressing the value of its own currency to enable Chinese companies to keep selling Americans products they can't afford. This led to a misallocation of Chinese resources and an excess accumulation of U.S. Treasuries and MBS.
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Backshore
Backshore@Backshorewealth·
De-Dollarization Begins: China’s $22B Exit Strategy Is Turning Heads binance.com/en/square/post… @SantiagoAuFund Isn't this the chart of market value of UST holdings? I seem to recall you discussing this a while back. If so, guessing the move after 2022 is largely market related?
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