PowerX Strategy "PowerZ"

[IgazI]

You can only kick the can so far down the road. . .
if gold doesn't rocket by the end of December then I'll be shocked.

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[IgazI]

It's a party, and you're not invited

Holy shakeout

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[bb01100100]

A few years ago, I told my grandmother than I am pretty sure that seniors are the ones who are going to be paying off the national debt

Bare minimum, they need to end this currency and create a new digital currency. . .
and who knows what the exchange rate is going to be.

I had a reply drafted that seems to have disappeared :-/

I originally thought central bank digital currencies would be quite neat; but I read about concerns on how that digital currency could be abused by governments... In order for the currency to be effective it cannot be anonymous; since it's not anonymous you finally have a situation where a central place knows 100% of what the population does with its currency.

That then opens up all sorts of amazing and potentially scary possibilities:

• Money laundering would become far, far more difficult: funding terrorism and human trafficking might be next to impossible
• Tax calculation and collection would be far more efficient.. done in real time perhaps?
• Third parties might benefit by having "black box access" to the aggregating/categorised data (e.g. bakedbeans wants life insurance and his form says no claims in the last 5 years and he doesn't smoke.. but he did have a claim with another insurer and regularly buys tobacco products; he also spends money on "trader funding accounts" which implies a stressful occupation or hobby. Let's set his premiums accordingly.
• An AI model operated in a joint-venture between Govt Inc and a "leading predictive-analytics technology company" identifies that bakedbeans is a dissident due his to sharing of a 'zerohedge' article. Govt Inc then imposes a dynamic social disturbance tax on his income - he is now a 75% marginal rate taxpayer; no matter how much he earns he's going to be at the minimum net wage level until he demonstrates appropriate social cohesion.
• The old classic: it's no longer legal to own gold. Since we know who owns it, let's send confiscation notices out while we seize the physical product from the storage facilities...

The ways in which you could do awesome or terrible things with the data are manifold.

[aliassmith]

A few years ago, I told my grandmother than I am pretty sure that seniors are the ones who are going to be paying off the national debt

Bare minimum, they need to end this currency and create a new digital currency. . .
and who knows what the exchange rate is going to be.

I had a reply drafted that seems to have disappeared :-/

I originally thought central bank digital currencies would be quite neat; but I read about concerns on how that digital currency could be abused by governments... In order for the currency to be effective it cannot be anonymous; since it's not anonymous you finally have a situation where a central place knows 100% of what the population does with its currency.

That then opens up all sorts of amazing and potentially scary possibilities:

• Money laundering would become far, far more difficult: funding terrorism and human trafficking might be next to impossible
• Tax calculation and collection would be far more efficient.. done in real time perhaps?
• Third parties might benefit by having "black box access" to the aggregating/categorised data (e.g. bakedbeans wants life insurance and his form says no claims in the last 5 years and he doesn't smoke.. but he did have a claim with another insurer and regularly buys tobacco products; he also spends money on "trader funding accounts" which implies a stressful occupation or hobby. Let's set his premiums accordingly.
• An AI model operated in a joint-venture between Govt Inc and a "leading predictive-analytics technology company" identifies that bakedbeans is a dissident due his to sharing of a 'zerohedge' article. Govt Inc then imposes a dynamic social disturbance tax on his income - he is now a 75% marginal rate taxpayer; no matter how much he earns he's going to be at the minimum net wage level until he demonstrates appropriate social cohesion.
• The old classic: it's no longer legal to own gold. Since we know who owns it, let's send confiscation notices out while we seize the physical product from the storage facilities...

The ways in which you could do awesome or terrible things with the data are manifold.

Organized Crime will be fine. They will trade diamonds, art, precious metals, weapons, jets, etc.

They also have government officials in their pockets.

[IgazI]

I had a reply drafted that seems to have disappeared :-/

I originally thought central bank digital currencies would be quite neat; but I read about concerns on how that digital currency could be abused by governments... In order for the currency to be effective it cannot be anonymous; since it's not anonymous you finally have a situation where a central place knows 100% of what the population does with its currency.

That then opens up all sorts of amazing and potentially scary possibilities:

• Money laundering would become far, far more difficult: funding terrorism and human trafficking might be next to impossible
• Tax calculation and collection would be far more efficient.. done in real time perhaps?
• Third parties might benefit by having "black box access" to the aggregating/categorised data (e.g. bakedbeans wants life insurance and his form says no claims in the last 5 years and he doesn't smoke.. but he did have a claim with another insurer and regularly buys tobacco products; he also spends money on "trader funding accounts" which implies a stressful occupation or hobby. Let's set his premiums accordingly.
• An AI model operated in a joint-venture between Govt Inc and a "leading predictive-analytics technology company" identifies that bakedbeans is a dissident due his to sharing of a 'zerohedge' article. Govt Inc then imposes a dynamic social disturbance tax on his income - he is now a 75% marginal rate taxpayer; no matter how much he earns he's going to be at the minimum net wage level until he demonstrates appropriate social cohesion.
• The old classic: it's no longer legal to own gold. Since we know who owns it, let's send confiscation notices out while we seize the physical product from the storage facilities...

The ways in which you could do awesome or terrible things with the data are manifold.

For the time being, I am comfortable storing precious metals with SD Bullion; in fact, I just purchased more gold and silver today.

Whether or not they end up seizing your property, you're still better off owning physical gold than debt-based credits.

I have no doubt that they would love to turn us all into peons, begging the government for access to the internet. . .
think about where you would be and what you would be able to do if you couldn't access the internet, they don't even need a CBDC to enslave you

[IgazI]

“If the economy rolls over as I expect, the Fed is not going to cut rates 50 basis points, they’re going to cut rates 200 basis points,” Gundlach said.

I think we all know that they need to drop interest rates below 1%, or die . . .

JP up on stage acting like he has a choice

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[bb01100100]

And here I was wondering about cancelling my CBOT level 2 data data subscription… 200bp cut? buy treasuries, buy 2s buy 5s .. then buy some more!

Now I really need to get out of the eval account loop and direct some capital into that futures account I have…

It occurs to me that traders are uniquely positioned to take advantage of any type of economic scenario.. what other types of role are resilient to the throes of economic policy?

[IgazI]

Beautiful day today

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This is another good example of how s/r "takes shape" over multiple price levels, vs being a single price:

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[IgazI]

I've purchased 2 more ounces of platinum and 5 grams more of gold this morning. . .
how can I not buy more at these prices?

I own:
37 grams of gold
622 grams of platinum
3887 grams of silver

I think that I am going to stop at 2 pounds of platinum and then focus solely on gold.

PS: buying metals is love/hate:
on the one hand you have something real, and on the other you've just murdered money that could have increased your leverage

[IgazI]

"Have faith in the dollar" they say. . .
"everything is going to be A OK" they say. . .

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