I came here at the beginning full of hope, dreams and adrenaline of a future lined with success after suffering deep, painful financial losses at the hands of a Covid Shutdown, brutal divorce and an election disappointment. I’d literally lost everything and my only hope was that the light of the Silver Squeeze. While I no longer have it, I’m blessed with family that does and looked forward to the day when The People would rise via a financial Revolution and the world would change.
Today, I still have the same hopes & dreams, though am more realistic in my approach and am sharing this because I care about fellow Apes.
Basel III comes tomorrow and will change the rules on bank manipulation… but will take time to implement. Just enough time to see the Criminal Banks resolve the shorts at the lowest cash price possible, while other outlets of their organization gobble up the actual physical silver. Most of the common middle and lower classes won’t realize this is even happening. Once the time is right, the value of silver will shoot to the moon!…. But what will the rest of the economy and world be like when that happens? Apes will be wealthy after silver and gold are revalued.. but we will be living much different lives than we were before that happened. What will unemployment and cost if daily goods be? Will there be a new currency system that is backed by silver and gold since fiat will be destroyed? How powerful will the Banks/Cabal REALLY BE at that point, when we really don’t know the extent of who they are & how deep the roots go?
I’m not trying to detract from the goal- get as much physical as you can NOW because I DO think the squeeze is working and about to complete sooner than we think, but for different reasons.
It’s easy to get caught up in the hype . blind positivity that we thrive on here. There’s nothing wrong with being upbeat and positive I don’t get lost in it. Ask yourself questions, research answers, take the time to listen to others and watch recommended video despite the fact that you feel they might be negative or abrasive. Human nature is to separate ourselves from those that do not share our visions on success as being negative or wrong…. We must be CRITICAL THINKERS. The army of worker ants can only overcome the deadly scorpion when they are focused and working on the same goals. Our enemy knows us, but how many of US understand our enemy, their goals and abilities?
Keep stacking! But educate & ask yourself:
Who
... keep reading on reddit ➡SPOILER: THERE ARE SOME HUGE BOMBSHELLS IN THIS LETTER/REPORT!
This was not getting the attention is deserves, so I'm doing a quick write-up to get the word out. There are some screaming bombshells in this report that all apes should know about as banks are dragged, kicking and screaming, into a post-Basel III world.
The LBMA and World Gold Council have explained, in their own words, why Basel III would end the paper game as we know it.
In their own words:
"LBMA and World Gold Council jointly respond to the Prudential Regulation Authority’s consultation paper on the implementation of Basel Standards.
"This response focuses on the application of the Net Stable Funding Ratio (NSFR) and the unintended consequences that the NSFR would have on the precious metals market."
You can download this research letter yourself from the LBMA website. I've posted a screenshot of the relevant section here, which I will translate into plain language below.
"The Basel Committee on Banking Supervision (BCBS) NSFR standard is designed to oblige banks to finance long-term assets with long-term money and thus avoid the liquidity constraints and failures witnessed during the 2007-2008 global financial crisis."
Translation: "You are forcing us to obtain more gold to back our unallocated gold."
"However, the BCBS standard does not expressly exclude from bank NSFR calculations the unallocated balances of precious metals held on balance sheet by the LPMCL clearing banks as a result of clearing and settlement activities nor recognise that gold does behave as a currency when providing a gold loan or borrowing against gold."
Translation: "You should change the standards to treat unallocated gold as gold itself." (It's understood here that because there isn't enough gold to back their unallocated gold, they will have to significantly pare down their unallocated gold, i.e. end the unallocated shell game.)
"Indeed, had the BCBS considered the treatment of unallocated balances in the clearing and settlement system, or had information to understand how gold is treated in a financing transaction, we believe that these unallocated balances would have been expressly excluded from the NSFR calculations, and gold would have been t
... keep reading on reddit ➡All the hype concerning Basel III set off my spidey sense. I spent hours reading the most boring documents you can imagine trying to understand what it meant.
First a summary before I document my findings. Basel III was a response to the 2008 mortgage fiasco. It attempts to more accurately match long and short lending. Basel III addresses both PM loans and as well as unallocated PMs on deposit.
First the good news Gold and Silver loans
All PM loans now have at least a 85% funding requirement even short term loans. Basel feels these assets aren't liquid and need to be nearly fully funded. Most short term assets have very low funding requirements. Anything over a year is required to be funded at least 65% including mortgages and sovereign debt. It seems that even short term precious metal loans are subject to the 85% funding requirement.
Precious metal loans (leases) are a fraud. There is no possible use of a precious metal that would allow the same metal to be returned. What happens with a lease is that the metal is sold by the borrowing party with a promise to return it at a later date. This usually done by sovereigns to allow them to pretend they still have the gold or silver when they want to suppress the price. Governments no longer have any silver to lease. I believe the bullion banks use leasing to exaggerate the amount of silver in their vaults.
Apparently the BIS wants the bullion banks to try to hold on to as much physical gold and silver as they can so they are penalizing PM lending! The lending banks may try to get borrowing institutions to cover potentially creating significant demand!
The bad news regarding unallocated gold and silver short positions
However unallocated gold and silver on deposit are treated exactly the same as cash on deposit. Gold and silver on deposit is a liability (short). The BIS allows banks to continue to lend against their gold and silver shorts. BIS is hoping to siphon physical gold and silver demand to unallocated bank accounts to continue to suppress the price of gold and silver. This is insane given the macro economic conditions.
Net Stable Funding Ratio definition
https://preview.redd.it/sjdafmbnt6871.png?width=1149&format=png&auto=webp&s=46010152ff85a790a5d99b4169138d9a26842557
https://preview.redd.it/b7vhogp3b7871.png?width=1165&format=png&auto=webp&s=bcecba8231dcdece02f9660dc4ba2e433893d97f
The Net Stable Fund Ratio has liabilities plus equity on top. Its ca
... keep reading on reddit ➡Please upvote this because Apes need to talk about Basel III!
Basel III is created by the BIS central bank to even the FED!
BIS publicly updates their balance sheet every month. They don't differentiate between gold and gold loans. Why? Because they are part of the short PM reverse ponzi!
Gold and especially silver are the Achilles heel of the banks fiat debt slavery fraud.
I don't believe its possible for banks to cover Gold and Silver shorts without destroying fiat altogether but I'm just a crazy Ape.
Why would BIS change the rules forcing banks to cover PM shorts?
Please comment!
A week ago I posted an explanation of the repo market and what a reverse-repo is. Zero-hedge just posted an update stating that the reverse-repo market is fast approaching 400B in overnight parked dollars at the FED.
IMO Zero-hedge is mis-interpreting what is really going on; so let me explain. This has HUGE implications for inflation and the price of silver.
When banks engage in a reverse repo they are unloading excess dollar reserves short term for treasuries. Now, historically, they do this to gain a bit of over-night interest and make a few bucks when they are cash rich. However, the past week, there have been instances where they are parking cash at negative interest rates which means - they are PAYING the FED to take their dollars!
So what is really going on? Zero hedge missed the real rationale. 1. We have "real" negative interest rates now with inflation above interest rates. Therefore, dollars have a carrying cost as they are inflating away. 2. The FED has been printing tonnes of money - but has heretofore, kept it in the hands of banksters. Now they have too much money and nothing to spend it on since they are not loaning money to the population. Therefore, this IMO is the canary in the hyper-inflation coal mine. They have too much cash which they know is inflating away.
Instead of the "dollar milkshake theory" which was just a temporary explanation of a short term phenomenon...the dollar surplus is going to go world-wide very soon (remember - all the Petro dollars will soon be coming home to roost!). So quicker than you can blink an eye the dollar will become toxic.
This is the real buttress of Basel III. I think Basel III's real motive is to allow banks to move toward another reserve to pass stress tests in the event of a massive dollar devaluation. Imagine if the dollar's value collapses 30% - now suddenly we don't have a reverse repo problem because they need 30% more dollars to meet reserve requirements - but if the dollar keeps collapsing they want out.
Gold will be the savior because, not only is it real money - but also they can reset the price to any number they need to stabilize the banking system.
That my fellow apes is the endgame. Silver is not part of this game - but it will become the single most sought a
... keep reading on reddit ➡
Only 6 more days until the BIS Basel III Accords will be implemented ....
Have a great week!!!
https://preview.redd.it/9gm05osp4s671.jpg?width=1200&format=pjpg&auto=webp&s=cfc8a76cbf8676622be6bf4b21d504511fc842de
Hope is an idiot that you cannot beat into submission, so go ahead and hope. Expectations are up to YOU. If you EXPECT any move in silver on any given day or due to any given piece of news you are probably going to be disappointed. Repeatedly. Serially. So, if you do not want to be washed out of your shiny do not put your HOPE where your EXPECTATIONS should be. And you should have NO expectations. When it happens, it happens and you will know.
Here is a stone cold sober analysis of our situation from a wise old GATA ape, featured at SD Bullion. Don't let it get you down, here is the "silver lining" part: "If there is to be a big change in gold pricing, it likely will have the same sort of cause as the cause of the last big change, the collapse of the London Gold Pool — that is, the exhaustion of the supply of real metal that the price-suppressing governments are prepared to lose."
Whatever the "market" (aka "dog and pony show") does tomorrow, KEEP STACKING.
Someone give me the abridged version. Thanks
I added 18 maples at the right time :)
Only 3 short days until the BIS Basel III Accords to be implemented ....
'EXPECT the UNexpected' ............... HOME STRETCH!!! Monday should be exciting! ;)
Will they cheat and do something underhanded over the weekend while the market is closed? Hmmmmmm....
https://preview.redd.it/o6bqzrpcre771.jpg?width=1200&format=pjpg&auto=webp&s=6206ba93442009ef250e6e53b70b645ab41522bf
Who really thought that Basel lll would effect things immediately? They banksters have been preparing for this for years and they have a path to unwinding themselves from their position as they let price control slip from their fingers. They will slowly and carefully shut down their gold and silver manipulation schemes as the regulations are put in place over the next year in various jurisdictions. This is massive and you can’t expect massive to change direction on a dime or you’re expecting a 20,000 container cargo ship to change direction like a jet sprint boat. You are too short for this ride if you’re looking for get rich quick “MEME STONKS TO THE MOON!” style action. Reestablishing silver as money is a long game, think months or even years where you’d think days. This is even more of a moral quest than it is an economic quest. You can either fight the long hard fight to take back your money, or give up and chase the easy fiat scraps they let fall off their plate.
Putting that in ape terms
The excitement about Basel III seemed very odd given that it comes from the Bankster kings at the BIS. I spent hours reading BIS documents trying to understand it. I came to a conclusion that Basel III is a modest improvement to the way banks will account for their paper gold and silver. Its not the game changer that is being claimed by some youtubers. Please give me an upvote as a reward for the hours and hours spent on this project even if you end up disagreeing with my conclusion! Comments are encouraged!
Basel III is a set of rules designed by the BIS to prevent the next banking crisis developed in response to of the 2008 banking crisis. Part of the new rules is something called the N.S.F.R. or Net Stable Funding Ratio. Here is an executive summary of NSFR.
https://www.bis.org/fsi/fsisummaries/nsfr.htm
https://preview.redd.it/qhsk7w14iu771.png?width=1149&format=png&auto=webp&s=3782c8dbaff159fd8b1a16045eef2f59187cd0c2
Because these are banks we need to define two more acronyms in addition to NSFR as follows:
https://preview.redd.it/lxrn3nj9ju771.png?width=1165&format=png&auto=webp&s=020ce13dcf56a8683a81dfcc690b69a5c1bce240
On top is ASF Available Stable Funding. Banks can based on capital (retained earnings plus equity raises) plus liabilities. So the money on deposit with the banks is a liability and a source for funding. Trying to prevent borrowing short to lend long short term liabilities are given a haircut.
On the bottom is RSF Required Stable Funding. Assets are rated based on liquidity. Highly liquid assets like treasury bonds are rated zero because if capital is needed they can be instantly sold for 100% of the value. Illiquid assets can be given a rating up to 100% if sales are problematic!
Show how does the treatment of Gold specifically unallocated gold change with Basel III.
At the following link I found two FAQs which explain the new treatment.
https://www.bis.org/basel_framework/chapter/NSF/30.htm?inforce=20191215
The first FAQ is for the treatment of gold and silver liabilities. That's when a customer buys paper gold or silver from the bank. For the ASF Available Stable funding unallocated gold is treated the same as cash. So banks are allowed to lend against the liability created when they sell unallocated gold. **This is a complete scam and does absolutely nothing to pre
... keep reading on reddit ➡Is the U.S adopting Basel III gold/silver requirements on July 1st or in 2023? Does anyone know?
I worked till 2 years ago in a bank in risk managing. we had know that basel III will coming but i wasnt in project. so i didnt inform me good.
today i had a bit time and have read a bit. and yes, i think basel III could have a big impact on gold and silver price. for example, i know that in switzerland it has so many metal accounts at banks. there you dont own the metal, only the right to buy it… banks would have to to back up it. i dont know the volume but think its a lot, really a lot. we will see what happens. but keep staking my friends! 🦍
Our bet is the central banks are moving towards pushing a government cryptocurrency with precious metals backing. We should let them, but still destroy them after they do this all the same!
Why Basel III regulations are poised to shake up the gold market
Allocated gold, in tangible form, will essentially be classified as a zero-risk asset under the new rules, but unallocated or “paper” gold, which banks typically deal with the most, won’t — meaning banks holding paper gold must also hold extra reserves against it, said Brien Lundin, editor of Gold Newsletter. The new liquidity requirements aim to “prevent dealers and banks from simply saying they have the gold, or having more than one owner for the gold they have” on the balance sheet. Under the new regime, physical, or allocated, gold, like bars and coins, will be reclassified from a tier 3 asset, the riskiest asset class, to a tier 1 zero-risk weight Source: Marketwatch
- Takeaway 1: Buy Gold!
- Takeaway 2: Slow down, this has been known for years. Nobody is getting blindsided.
- Net-Net: Gold will appreciate annually more readily now, but volatility to the downside will increase as the industry consolidates. Cost basis will increase making it harder for smaller players to participate. This will be good for stackers, and big banks. ITwill be bad for leveraged hedge funds and smaller end user.
📷Basel 3 from 2013 to 2019Government only follows the lead of industry. Industry has not been ready for this since 2013 when it was “promised”. When Basel 3 gets implemented, it will be because they are all in compliance and/or positioned for a rally.
LINK:
https://www(dot)zerohedge(dot)com/news/2021-06-26/gold-weekly-basel-iii-countdown
Given the occasion, I would like to remind you all that the transition from a paper PM fixing to a marked to market PM fixing will be associated with a falling paper PM price, because the bullion banks will bring down the paper price as much as possible before declaring a force majeure and paying out paper contracts.
We could see another $ 13 / ounce of silver or $ 800 gold, but physical precious metal will no longer be available at that price. After transition physical metals will find market equilibrium much higher.
Diamond hands have we must! Icy veins!
Great article by Craig Hemke for those following Basel 3 / NSFR. US Banks gross short positions being reduced ahead before 7-1-2021 US NSFR implementation. What good for gold is good for silver. https://www.sprottmoney.com/blog/Basel-3-and-COMEX-Gold-Craig-Hemke-June-08-2021
Question: Everyone is talking about Basel III, will it really change something in the silver price or can it also happen that you don't notice anything?
Okay. I have now completed my readings and study of BASEL III. Here are my thoughts.
- This has NOTHING to do with silver - it only affects silver to the degree it affects gold. I agree with Keith Neumeier that silver will never be a monetary metal again because it is too strategically important, too rare and no gov'ts or banks have any.
- IMO ignore all the bombastic hyperbole by the "so called experts." They might mean well but they are painting a portrait that does not exist in the language of the documents. It is possible but not probable. What they are doing is making up a story that is potentially possible and wrongly inferring that it is inevitable: VERY BAD FORM. If their wild claims had merit - the market would have already started front running the drastic change. So both the London Andrews are just crying wolf again. Why?
- The specific language around tier I assets and gold are purposefully vague; voluntary and open for each bank to utilize or ignore. The fact that they can't put unallocated gold on their "numerator" does not preclude them from continuing to print paper gold. They just cant use that for their stress tests - but they haven't in the past anyway - so what is the difference? In this regard, the BASEL III is a nothing burger.
- All the fake gold is printed out of London and NY anyway - BASEL III does not touch them until next year.
- Ignore the few complete morons who say BASEL III will be bad for gold. I read a couple of these articles and they are doubly moronic and based on entirely false assumptions.
So why might the BASEL III end up being a nuclear bomb for gold price? Here is the real rub. The BASEL III language is smoothing the runway for gold to land as the savior for banks when/if the financial markets finally go tits up. Why has it been the central banks and the BIS (China and Russia) buying the physical the past few years? Basel III allows gold to be counted at the same level as treasuries and cash for numerator (assets) status. Now if things go really south then you have to understand the denominator (debts) of banks might explode while the numerator (treasuries and dollars) might dwindle in value. This is the catastrophe that they don't want to see happen again (ie 2008). So if they have gold on their books in allocated (real) form - they can reprice gold to any figure they need to stabilize their books.This is the economic "reset" everyone has been waiting for. Gold will be the mechanism to stabilize the banking
... keep reading on reddit ➡
This will be a very simple version. Very important so takes a few minutes to read and like. Knowledge is power.
What is Basel III: international rules in response to the 2008 financial crisis and more specifically the poor management and financial regulation over banks which caused the 2008 crisis.
Implementation Date: keeps getting pushed back year after year. Currently set to Jan. 1st 2023
What does it mean for Gold and Silver: For any PAPER metal inventory owned, the bank must now provide 85% collateralization in cash held greater than a year to cover their liability of owning that PAPER gold. The only real solution is to convert any metals from unallocated (PAPER) to allocated (REAL PHYSICAL). In other words PAPER IS GARBAGE AND NEEDS TO BE BACKED BY 85% FIAT OR BE IN PHYSICAL FORM. No more garbage paper selling.
Why is this a huge problem: Because the paper silver and gold is sold and resold multiple times with zero liability to cover it and in fact it doesn’t even exist. It has in essence become a money printing fiasco. If it does exist it’s on a 1:30+ scale meaning the amount they sell in paper is 30x or more of what is really there. Banks have turned it into a scheme where they have magically increased the supply of gold and silver on paper (their own legal version of money printing). When this regulation goes live all that will end.
LMBA and others are kicking and screaming asking for gold and silver to be exempt from this regulation😂 What a joke. And the more it’s uncovered the more everyone realizes how manipulated and short gold and silver are and what a screwed up system it has become and it’s so bad they have been pushing Basel 3 back year after year for 10 years now because it will trigger a financial reset.
Keep stacking. Banks are stacking too. It’s the only true money and they know it. This explains all the price manipulation as they get ready for a total financial reset. They are doing this very quietly. If this regulation went live today, banks would be caught with their pants off big time and the whole financial scam of the ages would be revealed. But we already know this and are ahead of the game and they don’t like it. Stack on fellow apes 🦍 Spread the word so more physical metals can get into the hands of hard working people and not the banks. We want them to be left with as much paper as possible.
https://www.marketwatch.com/story/why-basel-iii-regulations-are-poised-to-shake-up-the-gold-market-11624561325
I figured that if Basel III had teeth, we’d see the gold price get slammed one more time today.
Looks like it’s happening!
PM’s are still the same nothing changed!
TOMORROW, tomorrow, tomorrow is BIS Basel III Accords implementation day ....!!!!
'EXPECT the UNexpected' ............ What will tonight bring as markets open???
https://preview.redd.it/e3whzd1iat771.jpg?width=1200&format=pjpg&auto=webp&s=e64cf87fed8cb40d76bb0447906acad98ff6b2fe
Only 8 more days until Basel III accords will be implemented under the Treaty signed by all Western Nations in 2013......!!!
https://preview.redd.it/4jhr7h7auc671.jpg?width=1200&format=pjpg&auto=webp&s=070c08a5aadec6cc265bcef42b0dd7bfd956029d
