thebitterdraught

I teach Austrian School Economics in a casual and easy to understand manner. My goal is to be able to teach economic principles to anyone who cares to learn.

[thebitterdraught @bitterdraught]

Me watching bitcoin keel over

[Peter Spina ⚒ GoldSeek | SilverSeek @goldseek]

Are there any kidneys left?

[thebitterdraught @bitterdraught]

@ThrockStar87 my guess is they had a super secret meeting about how bad the finances really are, and Bessent mentioned they will probably have to consider a revaluation but need to make sure they have gold to revalue to
and Trump being Trump decided to make it a public pronouncement

[thebitterdraught @bitterdraught]

I doubt they will actually audit anything, but if they actually do, my prediction is the results will be so bad that the audit will get the Epstein files treatment: Declare the audit a Democrat hoax, pretend they never called for it and treat anyone who wants to see the results as anti-American.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 President says it's "time to audit" Fort Knox's $667 billion gold reserves.

[thebitterdraught @bitterdraught]

@BotanistByTrade @silver207141 I poke my head up occasionally

[thebitterdraught @bitterdraught]

Prices are how much money a good or service costs. Money is NOT a point system. Money is a commodity. Gold and silver are Money.

Distort how much gold or silver a good or service costs with fake notes for money and you distort the entire economy, causing the same socialist hellscape and eventual collapse discussed here.

[thebitterdraught @bitterdraught]

@dcoleRN @SilverDegen Eventually they run out of can, and while I can't be certain, it looks like we are here.

[thebitterdraught @bitterdraught]

@SilverDegen When the credit market finally collapses and all that is left is money (gold and silver), the state will probably try and demand the people hand it over, and that is the point at which we will see whether we have a republic "of the people" any more or not.

[thebitterdraught @bitterdraught]

@KredAssenstein @RafiFarber So basically deer, sheep, goats, and cows as far as mammals go

[thebitterdraught @bitterdraught]

Took my son to the range to practice for when we need squirrel meat after the endgame

[thebitterdraught @bitterdraught]

Japanese Bond Markets

[thebitterdraught @bitterdraught]

Without that understanding he cannot warn people to stack gold and silver. That is the solution, so without it he's just joining the large chorus of people bitching about the Fed.

If people are getting useful information from him than who am I to get in the way, he certainly has amassed an enormous audience. At least for me, I don't find his work useful at all. His videos are unnecessarily complex and yet say very little.

But like I said, he seems to be doing well in the marketplace of ideas, so maybe I'm the one who's missing something.

[thebitterdraught @bitterdraught]

@Tu_Quoque_4_U @Monetary_Metals The wrong premises will lead to the wrong conclusions regardless of the ability to empirically measure the processes

[thebitterdraught @bitterdraught]

@Tu_Quoque_4_U @Monetary_Metals That's like saying an early astronomer had an excellent understanding of the motions of the heavenly bodies but didn't understand the sun was the center of the solar system.

[thebitterdraught @bitterdraught]

Silver to get through the dollar end game, gold for the aftermath of the end game, and mining shares (purchased now pre end game) after for 5-10 years after the end game.

I have mining positions, but I don't expect them to do anything but shit the bed until the demand for gold and silver is so extreme people are selling their property for a handful of it.

[thebitterdraught @bitterdraught]

@SvgPrg I think you have the right of it

[thebitterdraught @bitterdraught]

A rate hike won't happen, the banks won't be able to handle it.

[The Kobeissi Letter @KobeissiLetter]

There it is folks:

Interest rate futures now see a BASE CASE of the next Fed move being a rate HIKE.

In fact, the odds of the Fed cutting interest rates before July 2027 are a mere 1%.

As inflation hits its highest level since 2023, the Fed is left with no option.

All as Consumer Confidence just hit a record low and the labor market is weakening under the surface.

Rate hikes into stagflation are coming.