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Chris's avatar

London calling, LBMA’s out of gold,

Vaults are empty, tales so cold,

China and Russia, they’re taking hold,

Bullion market shifts, the story’s told.

London calling, relevance fades away,

Once the king, now in decay,

Eastern powers rise, night to day,

Gold flows east, hear the sway.

London calling, see the panic grow,

No more shine in the old world’s glow,

Kremlin and Beijing steal the show,

Market’s changing, let it flow.

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aka_ces's avatar

Phoney USDmania has bitten the dust

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aka_ces's avatar
6dEdited

They can't use grams, because we use ounces !!

They can't use kilograms, because we use pounds !!

They can't use meters, because we use yards !!

They can't use kilometers, because we use miles !!

They can't use gold, because we use dollars !!

Are we not FIAT ?

We are FIAT !!

Are we not FIAT ?

We are F-I-A-T !!

// for those less than a certain age, the end references a song by a late 70s group called DEVO; it is suggested that the "can't use" lines be imagined as if sung by David Byrne in the vein of the chorus of the Talking Heads song "Animals," from their classic album "Fear of Music"

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GAK's avatar

Thumbs up for Fear of Music reference

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Chris's avatar

Gold backwardated now

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Chris's avatar

Now its not ha ha

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Nathaniel Nifong's avatar

What would you monitor to know what the LMBA's end-of-life decision will be?

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EconomicFlatologist's avatar

👍🏻

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