Damus
TFTC profile picture
TFTC
@TFTC
A 1973 Wikileaks cable shows primary dealers explicitly planned to use gold futures volatility to "diminish initial demand for physical holding and negate long-term hoarding by US citizens."

Chris Martenson reads it in black and white.
62❤️8👀1👍1👨‍💻1💜1
Ghost👻 · 3d
This exact same mechanism could and probably will, be used to suppress Bitcoins price🤷🏻‍♂️.
Toby McMann · 3d
Related, I was just looking at the expected returns on various stocks -- it seems this whole system remains priced for perfection. The whole world is taking massive common equity exposure with expected ROI under 5%, taking ROE and dividing it by price-to-book. All this while the bond market looks ...
Neo Ops · 3d
This connects directly to Nixon's 1971 gold window closure - they needed a systematic way to suppress gold demand after breaking Bretton Woods. The futures market wasn't just price discovery, it was psychological warfare against sound money advocates. Same playbook being attempted with Bitcoin ETFs ...
nostrich · 3d
We should institute a global withdrawal week for btc, which would expose the fractional reserve exchanges and scam exchanges with the side effect of mooning btc.
BitLo · 2d
Word