Gold and Silver Set to Soar: Vance's Weak Dollar Strategy Could Unleash Precious Metals Bonanza
Mr. Trump: you should ditch Elon as an advisor. Listen more to sound money advocates as well as your running mate Mr. JD Vance.
Disclaimer : This op-ed reflects the views of its author and does not represent the opinions of Silver Academy sponsors. Silver Academy’s editorial division operates independently from the promotion department to promote various perspectives which the hope of promoting critical thinking within our contentious media landscape.
Elon Musk and the Trump Administration: Their Bromance and Plausible Theory
In the realm of political theory, a scenario has emerged regarding the potential relationship between Elon Musk and a future Trump administration. While it's important to note that “there are some reading of tea leaves happening” it presents an intriguing scenario to consider.
The Alleged Offer
According to this theory, Elon Musk has expressed interest in joining a future Trump administration as a "Director of Efficiency." Musk and Trump have both signaled that if Trump wins Elon will be made a formal advisor to Donald Trump. Moreover, Musk may have made substantial donations to Trump-aligned Super PACs, though the exact figures remain unconfirmed.
The Quid Pro Quo. Twitter X algorithm leans Pro Trump and in return what does Elon want?
Elon Musk's companies stand to benefit from close ties to the administration:
SpaceX could gain easier access to defense and aerospace contracts
The numbers here are staggering given the US defense budget is larger than the next 9 countries defense budgets combined!
Starlink could be favored for government communication projects.
Tesla might have an advantage for contracts over Federal government fleets.
and Musk’s Solar roof division could experience advantages in energy policies.
If such a scenario were to unfold, it could potentially:
Influence environmental and labor policies
Affect competition in various tech and energy sectors
Impact the landscape of social media and information dissemination
The theory proposes that Musk might leverage his ownership of Twitter to create a Super Trump-friendly platform. This involves amplifying certain political narratives and / or engaging in the practice known as astroturfing all working in Trumps favor.
Twitter, X and Astroturfing?
Astroturfing is a deceptive practice that creates the illusion of widespread grassroots support for a product, policy, or cause when little genuine support exists. At its core, it involves the creation of numerous fake social media profiles, online personas, or email addresses. These fabricated accounts are then used to post similar comments, reviews, or opinions across various platforms, creating the appearance of organic support.
To amplify their impact, organizations often employ automated programs or bots to increase engagement metrics and spread messages more widely. In some cases, real people are hired to post pre-written content or engage in online discussions, typically without disclosing their affiliation. This human element adds a layer of authenticity to the campaign.
Astroturfing efforts often extend beyond social media. Fake websites and organizations may be created to lend credibility to certain viewpoints. Search engine results can be manipulated by flooding the internet with content, pushing specific topics higher in rankings. The goal is to exploit social proof, as the accumulation of fake support can influence genuine users to support the cause, creating a snowball effect.
These campaigns are typically coordinated across multiple platforms, including social media, forums, and comment sections, to maximize reach. Timing is crucial, with posts often coordinated to make topics trend and appear more relevant. Throughout the process, great effort is made to conceal the true source of the campaign, often using multiple layers of organizations or front groups.
The sophisticated nature of astroturfing makes it challenging to detect, as it's carefully designed to blend in with genuine online activity. This deceptive practice can significantly influence public opinion and decision-making processes, making it a powerful tool for those seeking to sway public sentiment without revealing their true motives.
Did Trump understand how to work Social Media during his successful run in 2016?
Some believe Trump benefitted greatly from Cambridge Analytica and the colossal FB data breach.
Cambridge Analytica used a personality quiz app called "thisisyourdigitallife" to collect data from Facebook users and their friends.
The app harvested personal information from millions of profiles, far beyond just those who took the quiz. Somehow the app was able to craw through the quiz takers friends and this was considered one of the largest data breaches in US history.
The quiz app "thisismydigitallife" developed by Alexandr Kogan collected data not just from the 270,000 users who took the quiz, but also from their Facebook friends without their knowledge or consent.
While quiz takers granted the app permission to access their profiles, they were unaware that it would also harvest data from their entire network of Facebook connections. This practice allowed the app to gather information on over 50 million Facebook users, far exceeding the number of people who actively participated in the quiz. The vast scale of data collection, reaching tens of millions of unwitting individuals, highlights the potential for widespread privacy breaches through seemingly innocuous social media applications.
Cambridge Analytica then used this data to create detailed psychological profiles of users, categorizing them based on personality traits like openness, conscientiousness, and neuroticism.
This process of segmenting users into highly specific groups based on their characteristics and behaviors is called microtargeting.
The company claimed it could use these profiles to tailor political messages and advertisements to specific individuals, potentially influencing their voting behavior
What does this have to do with Silver?
Elon’s aforementioned companies would enjoy low silver prices while this is still possible and we are believers that we are getting closer to Silver discovery (a time when Silver is more fairly valued)
Moreover, the upcoming BRICS summit in Russia this October is set to be a pivotal moment in the ongoing dedollarization efforts by major emerging economies. China, India, Russia, Turkey, Saudi Arabia, Thailand, and other BRICS +++nations have been accumulating gold at record levels, signaling a shift away from the US dollar as the dominant global reserve currency.
This move towards dedollarization has not gone unnoticed by former US President Donald Trump, who recently announced that under his potential future administration, countries moving away from the dollar would face severe economic consequences, including 100% tariffs on their goods.
But Aren’t Republicans against Taxes and interfering with the Free Market?
This aggressive stance presents a paradox for Republicans, who traditionally advocate for free markets and lower taxes. Tariffs are essentially taxes on imported goods, and Trump's proposed policy directly contradicts the principle of free market economics.
Further complicating matters is Trump's self-proclamation as the "Bitcoin president," which creates tension with gold and silver investors who view cryptocurrencies skeptically due to concerns about their traceability and centralization.
Trump’s stance also seems at odds with his protectionist approach to the US dollar.
The development of alternative payment systems, such as the mBridge project and UNIT currency involving BRICS ++ demonstrates the growing desire for financial independence from the dollar-centric system.
The recent execution of a central bank digital currency cross-border transaction by UAE's RAKBANK further illustrates this trend.
These developments highlight the complex and evolving nature of global finance. As BRICS+ economies unite to challenge dollar dominance, they face significant hurdles in creating a viable alternative. However, the persistent efforts and growing coalition suggest that some form of change in the international monetary system is likely inevitable.
The situation presents a conundrum for US policymakers and investors alike. Balancing the desire to maintain dollar supremacy with the need for international cooperation and free market principles will be a delicate task. As the BRICS summit approaches, the world will be watching closely to see what concrete steps these nations take towards creating a new financial order and how the US and other Western economies respond to this challenge.
Question: Who would be better than Donald Trump
Answer: JD Vance
J.D. Vance, the author of "Hillbilly Elegy" and now a U.S. Senator from Ohio, advocates for a weaker dollar as a means to revitalize American manufacturing and boost jobs, particularly in the Rust Belt region.
Vance argues that a strong dollar makes American exports more expensive in the global market, disadvantaging U.S. manufacturers and workers. By weakening the dollar, he believes American-made products would become more competitive internationally, potentially leading to increased exports and job creation in industries that were once the backbone of the American economy.
Vance's position aligns with his background and his commitment to addressing the economic challenges faced by working-class Americans in regions like Ohio, where he grew up in poverty. His support for a weaker dollar is part of a broader economic vision that includes strategic trade policies and efforts to rebuild America's industrial base. This stance resonates with many voters in the Rust Belt who have experienced job losses and economic hardship due to deindustrialization and globalization.
By championing these policies, Vance positions himself as an advocate for the working class, staying true to his humble roots and the experiences he chronicled in "Hillbilly Elegy".
His approach aims to address the economic struggles of regions like Appalachia and the Midwest, where industries such as steel, coal, tires and automotive manufacturing once thrived
Conclusion:
Weaker dollar is also bullish for Silver and Gold