Cash is only one form of a "settlement of debt" or
Post# of 65629
Gold is another form (its a finite transitory exchange) especially when credit or liquidity is scarce.
Hense why I mentioned the Treasury having the real power if you look deeper into it. The Fed does what the BIS tells it to do.
This is much bigger than cash, gold, and oil. The bubble is on credit....hard assets are needed to help tighten the ratio......as equity is leveraged 3 to 1 to help settle the debt.
The Fed is the puppet! A very powerful one...but still a puppet.
1) US Treasury
2) BIS---- Helped form ICE
3) DTCC
4) IMF
5) Central Banks
6) The Fed (ECB, Bank of Japan, Bank of England, Bank of Switzerland ect)
just my opinion as margin gets tighter in the 2 largest and most powerful equity markets in the World......the US and China
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/