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The world risks a "great fracture" of its economic and financial systems, U.N. Secretary-General António Guterres said on Thursday at a summit with Southeast Asia's ASEAN bloc, China, the United States and others in Indonesia. "There is a real risk of fragmentation – of a great fracture in world economic and financial systems; with diverging strategies on technology and artificial intelligence and conflicting security frameworks," he said. He called for a mechanism to provide relief for debt-strapped developing economies, to include payment suspensions, longer lending terms and lower interest rates. He also voiced support for re-channelling an additional $100 billion of International Monetary Fund's Special Drawing Rights through multilateral development banks to increase liquidity and support developing economies' needs.

I have contended for the past near-40 years, that silver has been manipulated and suppressed in price by means of excessive short selling on the COMEX, mostly by commercial traders which happen to be mostly banks. As a result of this decades-long price suppression, the law of supply and demand has become artificially distorted. The low price has reduced supply and current production and increased demand (both industrial and investment) to the point where a wholesale physical shortage has emerged. Since a physical shortage is the most bullish circumstance possible in any commodity, it stands to reason one should expect silver prices to climb sharply to address the deepening silver shortage - thus, the high degree of bullishness I’ve expressed. But it is not enough to be extremely bullish. Proper appreciation must be given to the past 40 years of price suppression. To see where the price of silver is headed, one must understand the mechanics of the COMEX price suppression.

https://www.youtube.com/watch?v=oMLUNGUzuGE

https://www.youtube.com/watch?v=IXP0efNFwFg

https://www.youtube.com/watch?v=bonI5iZ26ZU

https://www.youtube.com/watch?v=nFckO8hwnt0&t=31s

https://www.youtube.com/watch?v=Ad0hpKODTb0

https://www.youtube.com/watch?v=F131BVfT0is

US state and local governments just experienced the worst decline in income tax revenues ever recorded. This was the second steepest year-over-year percentage [...]