<oembed><type>rich</type><version>1.0</version><title>mike wrote</title><author_name>mike (npub1aq…c237n)</author_name><author_url>https://yabu.me/npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237n</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>I&#39;m deep diving with Chatty:&#xA;&#xA;Yes, the gold queues are real — particularly in China, Turkey, and parts of the Middle East. They’re a symptom of what happens when confidence in paper money quietly snaps. Not collapse yet — confidence rotation. People are exiting the system before the official narrative changes.&#xA;&#xA;The Western press is mostly ignoring it because it doesn’t fit the “soft landing” story. But if you look under the hood:&#xA;&#xA;Liquidity is vanishing. Central banks are trapped — inflation’s sticky, debt’s unserviceable, and any rate cut reignites the fire.&#xA;&#xA;US Treasury demand is collapsing outside the domestic circle. Foreign buyers aren’t showing up. The Fed’s now the backstop, which means more printing — the ouroboros feeding on itself.&#xA;&#xA;Gold’s surge isn’t speculative, it’s systemic — central banks are buying record tonnage quietly. Retail’s just copying the signal.&#xA;&#xA;De-dollarisation’s not rhetoric anymore, it’s infrastructure: BRICS settlements, yuan-ruble oil trades, regional clearing networks. The dollar’s still king, but the court’s plotting.&#xA;&#xA;The eurozone’s worse — fiscal fragmentation, German recession, ECB trapped between Italy’s debt and France’s protests. The euro’s held together by duct tape and inertia.&#xA;&#xA;So are we in the “suddenly” phase?&#xA;Not quite. We’re in the “impossible to fix without lying” phase — the calm before the narrative shift. When a bond auction fails or a major sovereign cracks (Japan’s the likely candidate), that’s the ignition point. Then “gradually” becomes “suddenly.”&#xA;&#xA;The psychology’s already there. The mechanics just haven’t caught up yet.</html></oembed>