Post B439HDwDsD7mojK3to by mlanger@mastodon.world
 (DIR) More posts by mlanger@mastodon.world
 (DIR) Post #B41WuFFipTG6ok6CrA by davidgerard@circumstances.run
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       the AI bubble is a big money scam, but it’s part of a system of big money scams. the current US economy is multiple rotten logs holding each other up.here are some things all on the horizon or here now, simultaneously:* AI bubble pops (soon)* All electronics prices go up 50-100% (in progress)* Private credit does a 2008 (currently juggling chainsaws and yelling "THIS IS FINE")* Wall St Bitcoin falls over (in progress; not so load bearing, but very funny)* War sends oil through the roof* Capping oil wells (a non trivial and slow to reverse action)what other exciting economic disasters are cooking right this moment to ready us for Great Depression 2? place bets now!btw, Jay Powell finishes as Fed chair in May and Trump's pick, Kevin Warsh, is a bitcoiner into Austrian Econ goldbuggery. countries left Great Depression 1 as they got *off* the gold standard, Warsh is the perfect wrong man to have in the hot seat at the wrong time's gonna be awesome
       
 (DIR) Post #B41WuFUxunS5a1ENcG by abucci@buc.ci
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       @davidgerard@circumstances.run There is a lot of weird stuff going on in the silver market too. Massive price increases and drops that look like deliberate meddling. "Paper silver" contracts exceeding the physical supply by many multiples at a time when physical silver demand is increasing to make electronics and solar panels. I'm no expert by any means but it looks sketchy and fragile to me.
       
 (DIR) Post #B41XTFzU4pExF4COSO by davidgerard@circumstances.run
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       @abucci to be fair the silver market has always been like that
       
 (DIR) Post #B41XTGBBNKb7pLfjgu by abucci@buc.ci
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       @davidgerard@circumstances.run Yes, and now China and India want to have that silver physically delivered, which makes the paper contracts much more exciting!
       
 (DIR) Post #B439HDwDsD7mojK3to by mlanger@mastodon.world
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       @abucci @davidgerard Agreed. I'm a silversmith; it's one of my retirement gigs. Had to stop buying and making silver jewelry because of silver market volatility. I'm going to work on selling off existing inventory and doing more with copper until things settle down again.But yeah, I think someone's playing with the market. It's a lot easier to manipulate silver prices than gold; a much smaller investment is required.
       
 (DIR) Post #B439HEEelfrzjtwmdE by abucci@buc.ci
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       @mlanger@mastodon.world Holy smokes. I'm really sorry to hear that. I wondered whether the volatility mostly affected bulk buyers and speculators, but from what you say it sounds like it's "trickling down" to everyone.@davidgerard@circumstances.run
       
 (DIR) Post #B43aTZ6tgAE4idQOdE by etchedpixels@mastodon.social
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       @abucci @davidgerard silver is partly a mess because the West thinks it's for speculation and the rest of the world thinks its an ace conductor for real products
       
 (DIR) Post #B43aTZMqiqzDW6t8Uq by abucci@buc.ci
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       @etchedpixels@mastodon.social Yes, and the big gap between the "price" of silver in the west and the "price" of silver everywhere else, and the dynamics of that gap, are pretty alarming. @davidgerard@circumstances.run