Silver Update Dollar Termination Scheduled

Welcome to RIGGED [against you], the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

 

I saw a wave, a dark wave, come over our nation. And it’s not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it’s all RIGGED [against you].

This is RIGGED. I’m Terry Sacka.

 

 

Today we’re gonna do a quick update on silver and what’s being scheduled here. It looks like, uh, for the dollars, uh, domination globally to be terminated. There’s, uh, some issues going on folks, and we’re gonna review that here a little bit. Especially in the silver market, there’s a lot of stuff taking place behind the scenes that many are not aware of. Today, you know, we have, uh, we were, we hit the print and the jobs number came in really hot. And of course that is signaling that inflation is not slowing down whatsoever. The fed’s really gonna have to step on it, uh, to try to,slow it down. But what do you expect when you print and monetize trillions of dollars and you have all that pent up energy? There’s just a lot of cash that is gonna hit the system and it’s to, stop it, to think they’re gonna stop it is, is gonna be interesting to see.

I personally don’t think they’re going to be able to, regardless if they crush the economy, which that’ll be the goal, uh, they’re going to be in trouble because you’re having issues of a dollar dilution. And so not only is the dollar diluted by all the monetization, I mean, we’ve increased our M two float. How much money has actually been printed by a staggering number over the last couple years? More money that we’ve done in the last couple years than we’ve done in the entire history of the United States. It’s just unbelievable. But they, they act as if it’s not a big deal. I’m quite surprised at the politics on the left. They just printed unbelievable amounts of money wasted, probably money laundered into left wing causes, but it’s, it’s not doing anything for production. It’s not doing anything for the actual people. And it’s definitely not bringing back manufacturing.

But in the silver market, I’m not gonna try to get too technical here, but there’s a couple things going on. And number one, we have to understand that the main supply for silver in the United States, comax, which is the exchange that actually handles the physical, well, supposedly the physical market in the futures and the comax main supply anyway, is, is coming from Mexico. We do get some here homegrown supply. I know Nevada is pretty good with silver, but nothing like we need, and the silver we mainly get here in the United States is coming outta Mexico. And London was mainly getting their silver from Russia. Russia is a big silver producer. Matter of fact, Russia is a big producer of a lot of things. You talk about palladium and the other white metals. Uh, Russia has probably 70 trillion in natural resources, probably why the west is trying to get in there and get them.

But the silver that supplied London came out of Russia. But now with the sanctions, and it looks like the, the increased heat of the war in Ukraine not slowing down, I highly doubt Russia will be sending the silver to London again, I know they’re not sending it now. And my guess is they’ll start to shifting that to India and China. Uh, I don’t think it ever comes back to the West. So now the London Exchange, and this is how important this is for the silver supply market. And when you put throw in, of course, the electric vehicles and the tens of millions of ounces needed for electric vehicles, you start to realize that the silver supply is going to be in trouble compared to the demand. And the only way they can correct that is to have a substantially higher prices. So it’s not just the inflation economically, it’s actually the real supply demand of a commodity and the finite resource at that.

And you’re gonna see, you’re gonna see the fireworks one day. Don’t be surprised when you see silver in the hundreds of dollars, uh, per ounce. Uh, many people will look back and wish they bought it at 25, but it is just the way it’s going to be. So now that Russia is no longer sending silver to London, London is going to have to compete with the United States Comex for the Mexican silver. There’s just not the supply folks. It’s not there. I know the US Mint, uh, is only producing right now probably about 25% of the demand. That’s why silver Eagles are over $40 an ounce right now. They’re just not available. You even have dealers paying premium to get you to sell to them, uh, which is the first time I’ve seen that level of premium. Of course, a lot of this is gonna get whacked out, wait until you see what goes in the future, but we don’t know why the mint’s not producing.

Although there is a theory that we think the Mint is producing and they’re actually shelving the silver because there is a potential here that we’re gonna have to have once this big calamity collapse takes place in the dollar and we start a new currency financial system that we’re going to have to have golden silver backing to some extent as a ratio. And they’re, they’re going to make these silver eagles as part of that. There’s some weird notch they’re putting in the new Eagles. Now, I don’t know if it’s for trackability or accountability, which is really hard to say, but there’s a chance of just storing these things up for what’s coming and if it, if it does go down that road, you just have to know that gold. Number one, you won’t be able to get your hands on it. Now, two, there’s a good chance the government could actually have you turn in gold if it’s not American Eagle or an American coin.

Uh, because gold is a tier one and it is a, a tier one asset, meaning it is money, um, it’s equivalent and fungible to US treasuries as well as currency. So gold could be called in that way. Silver is not. Silver is a commodity, uh, that is industrial. Um, it is monetary, of course, always has been. But as far as the world is concerned, silver is not tier one. It is industrial. And with the green new deal that the west is trying to push, the amount of physical silver that is needed is extraordinary. So I wouldn’t be surprised if Elon Musk is probably one of the main players quietly securing the physical supply as much as he can. I know Warren Buffet is as well, uh, because he’s doing it just for pure financial reasons. They know the inflation is raging and today’s print is, is just an example.

I don’t think it slows down to be honest. They will kill the economy eventually, uh, wait until after the election. I predict that the fuel prices will skyrocket. And when these fuel prices skyrocket, that’ll really put, uh, a damper on the economy. Uh, we’re seeing here, even at Cornerstone, uh, the shipping rates, uh, have gone up exponentially. Um, they just, the cost of shipping period, let alone the diesel fuel crisis. They have, you know, in the, in the southeast, in the east, so that, that’s a whole nother conversation. But in silver, now that they London and the American Exchange have to battle for the Mexican supply, there’s just not enough to feed the fake derivative market that controls the price. And if you read the print on the Comax silver, they were playing games for some time. They have something where it’s called registered silver, and then there’s eligible silver.

Now the registered is like warranted metal. It’s for the future market delivery. It’s typically 1000 ounce bars in the registered category. It’s down some 786,000 ounces. There’s some 34 million ounces left. They were playing with the numbers trying to combine that with the eligible. And the eligible is unwarranted metal and it can be moved to registered. But what they’re not telling people is eligible is typically you, it’s individuals who have physical silver in the vault. It’s money managers who hold large quantities of silver. It’s probably companies like Cornerstone and others that have silver deposits in the depository. Uh, but eligible is not part of the exchange. They can’t just go and take it, it belongs to people. But they were trying to use the numbers saying it’s possible that that eligible can be used if they, the individuals chose to sell it. Well, I don’t know about you, but I wouldn’t be selling silver anytime soon.

Matter of fact, I wouldn’t sell it until it’s hundreds of dollars an ounce. So the eligible is not there, It doesn’t belong to them. But the vault totals, this is so big, the open interest in the vault is now equal to 230% of all vaulted silver. And it’s almost 2000% of the registered silver. This is a big deal. They don’t have the physical silver in the vault. So you have hundreds and hundreds of people on one side of the street and one ounce on the other and say, go and see who gets it because they’ve been selling these fake, naked short contracts where they don’t own the real physical to try to suppress the price. If you saw the chart on how many contracts have been sold to try to hold this market down, it literally is like trying to strap down a rocket booster is it’s taken off from the launch pad and that’s what’s happening in the silver supply side.

But the fact that they were trying to rig the numbers, you know, this whole system is rigged obviously with the derivatives, but the fact that they were trying to rig the numbers and combine eligible is just unacceptable because the eligible doesn’t belong to them. They can’t just take it. And the, they’re assuming the eligible can be coerced to selling at a certain price, but it’s definitely not gonna be down here, you know, in the twenties, that’s for sure. It’s gonna have to be substantial higher before you’ll get people selling. As a matter of fact, you’re seeing large, uh, purchases of the physical. And I know someone in Texas bought just shy of $1 billion worth of physical. There are actual hedge funds buying literally billions in, in, in physical silver. They’re making a play, let alone Warren Buffet as well. So the bottom line is you don’t have the supply in the vault.

If there was a substantial, which there is a substantial stand for physical delivery on these contracts, they’re in deep trouble. The Commax was shipping their, what they call exchange for physical. So if someone holds a future’s contract, they were, and they demand the physical delivery. A lot of people, they’re just doing it as a hedge, and so they settle their contracts in cash. It’s not a big deal. But lately there has been a lot of, of the future’s contracts actually standing for physical delivery. I think there’s sovereign funds as well as, you know, probably Musk and, and others that are really needing the silver. I mean, Musk needs literally tens of millions of ounces for his electric vehicles. But the, the exchange for physical, the people that are demanding that the futures contract be delivered, that was typically well has been for almost the last two years.

They’ve been the comax because they’re so depleted on their supply. They’ve been shipping the exchange for physical demand to London and making London fulfill it. And London had the physical supply, they had a much better, uh, account total than the Americans did. But you know, they no longer have access to the Russian silver. So now London’s in trouble. They can’t do the EFP from the Comex to London anymore because London can’t, well soon anyway, will not even be able to fulfill their own, let alone take on the American burden. So you’re seeing a real supply squeeze take place. Uh, the Comax again has, you know, roughly 34 million ounces that is nothing that can disappear really fast. And so the supply is getting so tight, it’s putting pressure on the markets and you’re gonna start to see, uh, substantial rise in price. Uh, when it comes to silver, I mean, it’s not what you see in the computer as far as spot price goes.

It actually comes down to um, what you have to pay for it. There’s a substantial premium of almost a hundred percent on the American Eagles and, but you still can get decent silver, uh, even bars and even sovereign coins like the Maple Leaf are more than generic rounds right now. I know the cornerstone crown is probably one of the cheapest in the market, probably should be raising our prices. But we’re, we’ve always been committed to, you know, giving, giving a fair price so we can get, um, as much silver in the hands of the people as possible. But the, the bars, even the a hundred ounce bars and 10 ounce bars and bars themselves are even more money than the the rounds right now. That just shows you there’s a big supply problem in creating all of this. And, and it’s coming on the heels of not just the fact that they’ve been trying for, what, two years now artificially to keep the silver price down by issuing more and more naked short contracts.

So they’ve been working really hard at, I mean, the chart is, is staggering when you see it at how much pressure they’ve been putting on how many contracts they’ve been putting on it on a Bank of America was holding well over a billion dollars worth of these short contracts. Um, they could be the one really holding the bag and in deep trouble if they can’t control it. But the fact is people are demanding the physical at such a rate that it’s putting pressure, it’s overwhelming the ability to short. And so the, you have such a small amount of silver in the comax physically available and they cannot touch the eligible cuz eligible isn’t theirs. It’s not part of the exchange. And if you saw what was in the slv, which is the paper aspect of physical silver in the stock market, only certain people can stand for delivery.

But for the most part, no, it’s just paper traded. And if you look at the fine print of the slv, the, they actually can have a fungible product. So meaning they don’t have to actually have the physical silver in the vault in the numbers they’re supposed to, they can have other fungible items like currency or, uh, something else of tangible value. It’s a total sham really on people who think they’re buying silver. Um, I definitely, if you, you consider you should have the physical, uh, but with that level of registered lows on the coex at a time when the inflation print is running burning hot, they’ve already raised the rates. We now have what, 30 year mortgage rates, Well over 7% in rising. They’re trying to crush the economy. It’s not working. The jobs report came in just burning up. It’s not stopping. And so the stock market I think was anticipating a pivot.

It’s not happening. Uh, the dollar is stalling up here and once that dollar falls off the cliff folks, you will see unbelievable prices in gold and silver. There’s a problem with the dollar, and this is kind of the second part of this is, you know, the dollar’s dominance really is, um, on path for termination. They’ve now, since they’ve um, picked this fight with Russia, they’ve now basically, um, I don’t know, cut off the hegemony really of the dollar globally, yes, there are a lot of nations and emerging markets that have, uh, dollar based loans, but the raising of these rates trying to make the dollar strong has really been, uh, hurting all these other currencies and these other countries. And now we have a multipolar world instead of a unipolar, which the dollar dominated. Now we’re in a multipolar world that will never ever go back.

We will never see the dollar dominant in a unipolar world again, my ma I shouldn’t say that ever, but I don’t see it. I mean, our nation is, is just imploding internally. We’re morally bankrupt. We’re satanic in in so many thought processes. I don’t see the integrity and the character, uh, and the honor that a nation, a great nation going forward would have. So I personally don’t believe that we’re gonna be able to dominate again. I do believe that China and Russia, uh, I, everybody, I ran South Africa, I mean Egypt, so many are joining into the bricks, the bricks nations are forming a new currency block where in the petro dollar’s gone of course, but forming this currency block where they will start relying on their own currencies instead of the US dollar. And their currencies are going to be commodity backed. So they’re going to have value where the western currencies are not backed by anything except the good faith and credit, which there is no good faith and credit right now in the west because they’re broke.

So the dollar is in deep trouble. The petrol dollar is literally in the last stages. Now many people don’t think we need the petrol dollar anymore. And I just disagree. The petrol dollar was really important. Um, these nations that, uh, made oil and all energy be purchased in a dollar allowed us to sell our bonds and treasuries because they, they needed dollars to buy the energy. So they would buy bonds and treasuries as a, as a side note, and they would store dollars as reserve. That’s no longer necessary. So who’s gonna, who’s gonna continue to buy our extraordinary mound of debt and that they’re just not right? We’re already selling our debt interagency. So we’re printing bonds and then agencies like social security are turning around and within their budget and they’re using money to buy the bonds. So the government’s printing money then is distributed it to these agencies.

Then the agencies are taking the printed money and buying the debt that the government’s issuing. It’s just one big vicious circle. It can’t last. But theatro dollar is a really big deal because it is ending. Saudi Arabia has declared China to be the most reliable partner for energy and trade. I saw this one coming years ago when China built that, a mega billion dollar refinery in Saudi Arabia. You knew the day was coming. You know, people thought that, oh, it’s gonna be 20 years from now and now was just blowing smoke. Well, it’s here and it wasn’t 20 years, it was only five. And here we are. So Saudi Arabia, not only did they laugh at sloppy Joe when he tried to get more energy out of ’em, they just really have no respect for the United States anymore. So they have labeled China as the reliable partner for energy and trade and the United States is now, um, really, I mean you could try to debate it, but we really have almost catastrophic leadership.

Most of the people running the administration right now, they’re just college professor, left wing, you know, sociopath, Marxists. And they’re, I ideas are insane. Most of ’em, literally, almost all of them probably. I haven’t seen many that that made any sense. So you don’t really have any leadership. I mean you have a, a supposed, I guess they call him president, um, but you get, you know, Mr. Biden there and all he does is lie. Like everything he says is a lie. I mean, we won’t get into the details, but this whole, there’s something really funny and fishy about Pelosi and Paul Pelosi and that attack that happened. Obviously it wasn’t a rightwinger. The guy was a homosexual nudist and he was a complete pervert weirdo into Black Lives Matter and into the whole agenda. He wasn’t a maga, something else was going on. The early reporting that there’s initial person, the alarm never went off.

Don’t tell me. A third person in line to the presidency didn’t have their alarm system totally jacked up. The alarm didn’t go off. So this guy supposedly broke in. He didn’t break in, he was walked in. My guess is he was probably a guest of Paul Pelosi and there’s a lot more to this because the guy’s probably a little light in the loafer and they, they’re trying to cover it up. But the bottom line is the alarm didn’t go off. Pelosi called the police and said that there was a friend of his. Now that could be code, but I doubt it. And the glass that they show on TV was broken from the inside cuz the glass was laying on the outside. So, you know, call me crazy. But you know, physics is kind of straight up. And so the thing is, there’s some weird stuff going on and so this administration is not helping us in the world.

They’re not there. I mean, I hate to say this, but when you see what’s going on now and considering most of our Obama people, I actually would have to say I would Ms. Obama right now. I mean, even though he was catastrophic and I think he is the ultimate enemy of the United States. Um, he was definitely smarter and classier than anybody. Running the administration right now, um, is just unbelievable. It’s all, and I’m saying all this is because the world is watching it. What I just kind of ranted on as far as our government and Pelosi and all the world is watching this, they’re looking at this is the American leadership and this is what it’s worth. They’re the eyes are on us and they’re saying America’s definitely not the America of the day. But once this patro dollar is repudiated by the nations around the world, and we’ve talked about this in the seventh stages of an empire, once the currency loses confidence around the world, that is the last stage of an empire.

As empires collapse, we are in the seventh stage, I believe we’re knocking on the door of loss of confidence in the US dollar. They cannot get a hold of this inflation. The dollar has been monetized. It’s been printed into such a stratosphere that the goods and services are gonna continue to rise. The dollar will end up collapsing in value as a lot of these nations start dumping the dollar on the market. And if you just gotta remember how inflation works, it’s too much currency chasing too few goods. And once they start dumping the dollar, there will be a flood of dollars coming back to the United States. It will saturate the domestic economy here. And of course the result of that is gonna be a shocking price. Inflation. You think there’s inflation now there’s going to be more. We potentially could have hyperinflation if we don’t watch it.

But these dollars coming back is going to be really huge on how it reacts to the domestic economy. So if we think prices are high, now I do say go out and get things that you think you need, uh, because the, the price inflation that’s coming to consumer goods, even food is gonna have a suicidal spiral. And these last ditch money printing that the Fed will do to try to prop up the stock market isn’t going to work. They’re gonna try to print more money to support the stocks and the bonds and houses and expired and treasury debt. Uh, but it’s going to be end up, uh, basically leading itself, uh, to the destruction of the dollar currency. And I think, you know, that’s why many talk about the central bank digital currency. I don’t think that can save it whatsoever because it’s all about confidence.

A digital currency won’t mean anything if nobody trusts it. We may end up having two currencies. We may have a central bank digital currency for international business, and then we’ll have the domestic dollar, which is gonna be saturated and inflated. All this being said, and with such low inventories in the silver market, you can buckle up if you own silver. And if you don’t, you better get ready. I would be finding out and getting your silver as quick as possible. You’re going to wish you had it as a hedge to what is coming. So until next week, God bless each and every one of you.

 

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