patrick.net

There isn't 27 trillion dollars in circulation.

In total, there is a total of about $1.5 trillion in U.S. physical currency in circulation, and roughly 80% of this value comes from the 11.5 billion $100 notes that are in circulation.

What is the value of all US dollar denominated assets?

As of March 13, 2024, the total value of all US dollar denominated assets is difficult to determine precisely, as it fluctuates constantly due to market conditions and other factors. However, according to the US Federal Reserve's Flow of Funds report, the total value of US financial assets (which includes cash, bank deposits, stocks, bonds, and more) was approximately $145 trillion at the end of Q3 2021. This number does not include real estate, gold, or other non-financial assets, so the overall value of all US dollar assets would be even higher.

Lot of ignorance going on.

US dollar denominated assets

Are you guys really assuming that figure was physical paper?

And 1.5 in circulation for 27 trillion claimed is 5%, that's WAY higher than what banks are required to have on hand.

All valid, but real physical silver as currency would be better.

NuttBoxer says

Are you guys really assuming that figure was physical paper?

No. Only you are assuming what we are assuming

Still doesn't prove there are 27 trillion of them in circulation.

Would that mean kiddie porn scum, human traffickers and drug smugglers get away with their shit?

YES

After you say I'm assuming

NuttBoxer says

Are you guys really assuming that figure was physical paper?

No. Only you are assuming what we are assuming.

you refuse to assign a value to very obvious const variable you've declared

NO. You not stopping those people allows them to get away with it.

NuttBoxer says

NO. You not stopping those people allows them to get away with it.

The US government allowed Jeffrey Epstein to run a child rape ring for years.

They're not even trying to stop it, they're trying to monopolize it. They're criminals.

There are people right now that make honey traps for child sexual predators, arrange a meetup, and the police do nothing once the person is located and found. Recently, some groups have taken more serious action, like beating the perpetrator to a pulp instead of just recording them.

All valid, but real physical silver as currency would be better.

Patrick says

All valid, but real physical silver as currency would be better.

yep.

If you don't hold it, you don't own it.

The easiest and time proven way to get a Reset on unpayable government debt is hyperinflation. Hyperinflation will destroy a person's mortgage debt but make up for it with unpayable high taxes.

whats are the implications for those who own Silver Trust (ticker: SLV) ?

whats are the implications for those who own Silver Trust (ticker: SLV) ?

If you don't hold it, you don't own it.

Rate cut? (I don't think so unless maybe jobless numbers radically rise but others here think Powell is Biden's butt boy...)

The market will perceive this as a rate cut

For those that have been paying attention to my ramblings, the Fed is gonna reduce then eliminate QT over the next 5 months or so. They are running up against a hard limit as to how far they can reduce their balance sheet.

The market will perceive this as a rate cut. Then the Fed will start to cut the rate itself.

The Fed/Federal government has to prop up capital gains so that taxes flow freely into the Blue State coffers. If they don't some state/city checks are gonna start bouncing.

The folks who get the big gains are going to file their Quarterlies, just like they always do.

I'm still betting they will stuff California pensions with State IOUs, while selling off anything they can for cash today.

What can they sell off ? what state owned property ? I'm not sure how much they can borrow or finance through bonds.

yeah, I can see they "borrow" from CALPERS using that scheme

Inflation seems to be the plan to get out of sovereign debt.

I think planned financial collapse and forced onto CBDC instead. The inflation is just the icing on the cake.

If you say so, Patrick.

If you say so, Patrick.

My grandpa retired from the shipyard in the early 1970's. His pension was $1500 month.

Did they increase his pension by 3.5% a year on average ?