So USDJPY is crashing again and Takaichi has called for an election.

Japan has a massive debt problem. China’s is bigger (300%+) but they hide it in the localities. China doesn’t let their currency float, while Japan does until they don’t.

It’s all a game, and the game is how to foster one’s own self interest in the most efficient way possible.

Japan has no resources, but high quality goods and services. China has few resources but a vast surplus of mediocre production capacity. Both have a rapidly declining population but Japan has a deep domestic consumption market, while China has to dump excess production globally and devalue the labor of its people.

Europe is in general a basket case because they cut off their own dicks with retarded energy policies and now look to become the Soviet Union of the West. The United States has the biggest balls of them all, is playing Europe for suckers, cutting the legs out of China’s energy supplies, ripping up the Belt and Road, and ...

Given the change in collateral requirements at the CME, I have to wonder if this is a setup for a rug pull. $91 silver was unthinkable 5 years ago.

If futures traders are smart they are playing the game. Either go long with lower leverage, or add more cash to their accounts.

The leveraged longs need the metal and this is the only way they can get it. For the mortals like me, I can’t get the metal so I’m buying more SLVO and getting some of my money back every month.

We are also very close to a 50:1 Gold/Silver ratio. Don’t know if it means something or not other than a historical milestone. Just for your information silver and gold come out of the ground at a 7:1 ratio and silver has more uses than gold.

Maybe someday you’ll be able to buy silver again in decent amounts on a regular basis, but that may not be any time soon.

Good luck

RIP Scott Adams