When “Cash Becomes King” . . . .

[macdon02]

In my safe at 9999.00 every trip. Just kidding.

I still believe in having cash around in a safe for you just never know kind of day.

I do believe the USA dollar will come out as king and the Canadian will be like Mexico or Greece. Junk.

Unless like Poloz and Lagarde have mentioned, they outlaw paper currency to prevent hoarding and a bank run. We can still see 83cad ~. Transporting more then 10k through an airport will get it seized. The risk they run by banning cash, is a barter system getting established. "Cash is for criminals" was IMF talk I believe. They are trying to close the loops

[jazz]

rumour has it Goldman Sachs is bailing out Duetchabank in the overnight lending window.

If that's true they are trying to avert a 2008 style meltdown.

Two corrupt institutions, one bailing out the other. Even the fed won't lend to whoever that is at the repo window every night for 3 months. Think about that for a second. How insolvent do you have to be when the institution that can print money from thin air won't touch you.

[macdon02]

rumour has it Goldman Sachs is bailing out Duetchabank in the overnight lending window.

If that's true they are trying to avert a 2008 style meltdown.

Two corrupt institutions, one bailing out the other. Even the fed won't lend to whoever that is at the repo window every night for 3 months. Think about that for a second. How insolvent do you have to be when the institution that can print money from thin air won't touch you.

The leverage of the deritives makes this unfixable even for a CB. Take a look at GS shares, there's weakness JPMORGAN isn't showing at present. GS is also tied up in Malaysia through selling them a deal govt is revolting on and it's in the courts, there isn't much that sticks to GS but they might get scorched, they did the same to Greece 3 times through bailouts before IMF or ECB stepped in(can't remember which). If the short term rates explode, govt budgets get blown out of the water as they are all in, just rotating it, ECB is buying 90% of all new issued govt debt in Europe and then there's Japan. At least the fed is letting bonds expire causing a slight shrink, ECB and JCB are rolling all govt debt into long and short term snowball effect.

[FarmJunkie]

Keep posting Errol. U are more realistic than most on here. The shit is gonna hit the fan just when who knows. I say not this winter but after the US election in 2021. They will do their best to keep the balls in the air until they just say phuck it. Can only kick the can down the road so long.

[flea beetle]

Eight years of predicating doom and gloom! Who are you and what credentials do you have to make these economic assertions. Are you a professional financial adviser? Have you personally had any success timing the markets while taking your own advice?

If you have been taking your own advice, what has that CASH you have held on hand earned you since 2012?

You mention Buffet for the first time in your economic synopsis that he is now holding a large amount of cash, what was he doing the last eight years, hoarding cash waiting for the big crash? No the majority of the time he as buying Blue Chips!

Yes there may be some sort of a correction to come, but for coming Agriville with your monthly predication of a cash is coming is like crying wolf over and over again!

I would say Errol has the credentials to back up what he preaches. If you don't know who he is, you should look him up. He is well respected in the ag community.

A little taste of who Errol is:

Experienced President (Pro market communications) with a demonstrated history of working in the market research industry. Skilled in Commodity Risk Management, Public Speaking, Commodity Pools, Market Research, and Project Management. Strong business development professional with a BSc Ag Economics focused in Commodity Markets from University of Alberta.

At least he has the cahonees to put his thoughts and opinions out there for people to learn from.

I have said it once, and will say it again. I believe Errol is 100% correct in his depiction of what is to come. It is just hard to time with the government fighting tooth and nail to prolong it from happening as long as they can.

[biglentil]

Enjoy the good ole days while they last. Ignorance is bliss. The can will get kicked again and again. Cash is king and at least it will be better than no toilet paper at all. Try that with a gold coin.

[helmsdale]

Enjoy the good ole days while they last. Ignorance is bliss. The can will get kicked again and again. Cash is king and at least it will be better than no toilet paper at all. Try that with a gold coin.

Honest to goodness if it really went apocalyptic, the only currency worth holding is lead, and the means with which to dispense of it...

Lead beats paper, physical land, or precious metals every time!

[AlbertaFarmer5]

I would say Errol has the credentials to back up what he preaches. If you don't know who he is, you should look him up. He is well respected in the ag community.

A little taste of who Errol is:

Experienced President (Pro market communications) with a demonstrated history of working in the market research industry. Skilled in Commodity Risk Management, Public Speaking, Commodity Pools, Market Research, and Project Management. Strong business development professional with a BSc Ag Economics focused in Commodity Markets from University of Alberta.

At least he has the cahonees to put his thoughts and opinions out there for people to learn from.

I have said it once, and will say it again. I believe Errol is 100% correct in his depiction of what is to come. It is just hard to time with the government fighting tooth and nail to prolong it from happening as long as they can.

Well said. I meant no disrespect, very grateful that a professional such as Errol is willing to share with us, for free no less. There used to be a few industry professionals who posted here regularly, it seems we scared the rest off, and that is a shame. And no doubt he is right about the inevitable results, just the timing that is the hard part. It is just so easy to get paralyzed with fear with all the negative news and projections, and completely miss out on the opportunities while waiting for the meltdown.

[errolanderson]

The U.S. Fed may be approaching near panic-mode as they are now aiming a near HALF TRILLION dollar ($490 billion) liquidity hose into bank repo operations heading into December month end.

The Fed is desperately trying to shore-up end-of-year funding (liquidity) risks.

But according to markets . . . nothing to see here.

[bobofthenorth]

Lead beats paper, physical land, or precious metals every time!

If you're a serious prepper you can plan for everything - water, food, heat, shelter, etc, etc - or you can lay in a stock of weapons and ammo and plan to steal what you need.

[errolanderson]

Berkshire Hathaway is now rapidly increasing their cash position . . . now exceeds $100 billion.

Many investment houses scratching-their-head . . . why? The market is doing so well and the U.S. economy is so strong . . . .

[furrowtickler]

Berkshire Hathaway is now rapidly increasing their cash position . . . now exceeds $100 billion.

Many investment houses scratching-their-head . . . why? The market is doing so well and the U.S. economy is so strong . . . .

Scratching heads as to why 4 am on a Sunday in the dead of winter this keeps you up ?
Are we all that ***ed ??