Israeli Libertarian Economist On Potential Gold And Silver Confiscation In Israel
It's about to get real over here for stackers as the end game closes in. Hang on and pray. And a list of stocks for those interested in owning miners.
Governments have historically restricted gold and markets during crises; they may try again but will ultimately fail due to inherent instability.
Gilad Alper, libertarian Israeli economist, explains what's going on with gold and silver criminalization in Israel, interviewed on my channel.
Gold and silver continue to surge, and silver may now start to catch up. Once it does, we'll be in the final sprint.
China's central bank is easing monetary policy to counter a stagnant yuan supply.
The platinum/silver ratio suggests we are already in a monetary crisis, the last time it was this low was in the 1970s.
If gold criminalization or confiscation happens here in Israel, it will happen in other places. It hasn’t gone through yet, but it is being proposed to the Finance Ministry.
Gilad Alper is a former employee of Israel's finance ministry, and he's a libertarian. Not of the Austrian School, closer to Chicago I think, but he's as good as they get in Israel. I interviewed him on my channel last night in English. His English is perfect. I asked him how restrictions on gold and silver would or could be implemented, who has the authority to enact such a thing, and whether he expects police to go door to door treasure hunting, and how Israel got out of its hyperinflation of 1984 at the peak of the first Lebanon War actually.
On the topic of government restrictions on money, Martin Armstrong reminds us of what governments do under monetary stress and this would not be the first time by far:
“Abraham Lincoln closed the gold market before it reached $200 in greenbacks in 1864 and claimed people were making money off the blood of others,” he noted. “During World War I, all of Europe closed the share markets, fearing people would sell and take their money to America. The US share market crash by 10% on anticipation that it too would close, which it did the week of July 27th, and did not reopen until December 7th. This was again for capital controls fearing Europeans would sell US shares and take the money home, which did not happen.”
The question isn't whether government will try to restrict XYZ. The question is will they be able to. They will try everything. They will not succeed. The word "evil" in Hebrew is רע, from the root רעע which means "unstable". It cannot be sustained, and so it falls. We will be there to pick up the broken pieces of civilization, which will be sold off super cheap for real money, and from there we can put them back together and rebuild.
Metals Go Wild, an Order Comes in for 20oz
The festering scent of the End Game diffuses in the chaotic mists. Like fermentation in a dry age room of an ancient steakhouse, rotten to many, but promising to those who know what that stench is. Gold keeps climbing relentlessly, and silver has caught up big today. No technical breakdown yet in the gold to silver ratio but it did fall, but we all know that when it does start to break down, we are in the final sprint, as we were in 1979. Silver is up over 5% yesterday, gold up 1.2%. We need to see this repeated for weeks on end before we know we're in the final sprint, and that most likely will not happen until after the final crunch.
I am getting signals on the ground that people here are getting nervous. Could be the ongoing war. Lots of fireworks overhead where I am from the Iron Dome (I'm not even sure if the thing is real to be honest), and two missile impacts today though not on my block, rather in the industrial zone of the city. A guy in my circles wants to buy 200K shekels worth of gold bullion in physical cash (about $55K, or 20oz). I'm not taking that order, but I'm trying to find him a seller. I suspect it's him trying to get rid of a lot of 200 shekel cash bills before they are taken out of circulation.
Meanwhile, the general atmosphere looks and feels like the end of a monetary system. War all around, anxiety, everybody snippy, lockdowns (schools are closed), and general uneasiness everywhere. This will spread as price inflation worsens and gold goes higher and higher and war breaks out in other places. Post election in the US seems like a prime candidate for some sort of conflagration.
For now I have temporarily deactivated my X account for 30 days so I'm not constantly bombarded with news that doesn't help my mind. It's not dead, just frozen.
Silver to Nasdaq All Time Low Hit
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