I was heavily invested in DOGE during the recent price runup and constantly monitored it in my R/H account for the 23 hours I had it in play. I saw on halting to any crypto trading. One learns to not sleep while money sits in DOGE.
you day traded doge and that's it?
What I needed to accomplish (and more) took only 23 hours. The amount I traded with required constant monitoring. I never leave the dog unattended, he has extremely sharp teeth.
Keep an open mind, or get financially repressed -Zoltan Pozsar
The curtain hasn't been completely pulled back on crypto; people still buy it in Robinhood, which of course, halted DOGE trading during this recent spike.
I was heavily invested in DOGE during the recent price runup and constantly monitored it in my R/H account for the 23 hours I had it in play. I saw on halting to any crypto trading. One learns to not sleep while money sits in DOGE.
Hmm, Twitter and reddit seem full of people who had issues.
There may very well been execution delays if all of the US Mint's customers were trading doggy at the same time. I have noticed over time that when my desktop is slow with RH, all I have to do is move over to the phone app where I have yet to see any execution delays.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I was heavily invested in DOGE during the recent price runup and constantly monitored it in my R/H account for the 23 hours I had it in play. I saw on halting to any crypto trading. One learns to not sleep while money sits in DOGE.
you day traded doge and that's it?
What I needed to accomplish (and more) took only 23 hours. The amount I traded with required constant monitoring. I never leave the dog unattended, he has extremely sharp teeth.
No issues with Robinhood or DOGE here. Sounds like more misinformation.
Look of the Great Reset? Central banks and their digital currencies will replace the traditional banking system. After all, CBDC's complete the transfer of power from those who hold/have money to those who issue and control it's availability. Martin Armstrong revealed this a year ago.
And yes, precious metals and cryptos stand in the way, look for roadblocks to the desire to hold them.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Total US debt+ unfunded liabilities. (SS Medicare Medicaid) = over $440,000 per man woman and child in the US RIGHT NOW. It will go higher with the more massive spending planned ahead by congress. Kiddies are protesting the wrong issues..
Got Gold/Silver?
@metalmeister said:
Total US debt+ unfunded liabilities. (SS Medicare Medicaid) = over $440,000 per man woman and child in the US RIGHT NOW. It will go higher with the more massive spending planned ahead by congress. Kiddies are protesting the wrong issues..
Sovereign debt is no longer relevant. The Magic Money Tree (MMT) solved that problem. Question now is "at what price?"
Keep an open mind, or get financially repressed -Zoltan Pozsar
Agreed. Obsessed with other issues while their world is crumbling and falling apart around them. But to be fair... it's not just the younger generation... there are quite a fewer older ones that have been blind to what is going on... and they should know better.
Look behind the curtain to see who is really pulling the levers.
@Higashiyama said: @tincup said “ Look behind the curtain to see who is really pulling the levers.”
Or maybe the more appropriate metaphor is “look in the mirror to see who is yanking on the strings”
That's a cute and easy thing to say... but makes no rational sense to me, and I have no idea what you are talking about or what your underlying point is. But perhaps you can enlighten me.
What strings am I pulling that is causing this? Especially since you do not know anything about me.
@tincup asked “ What strings am I pulling that is causing this? Especially since you do not know anything about me.”
I apologize if my comment seemed offensive. It was absolutely not aimed at you as an individual, but was more of a commentary on our society. To the extent that it is a collective critique, I of course include myself among the many who could benefit from greater self reflection.
My point would require a very lengthy essay, but is broadly as follows: the problems we as a society are facing do not stem from a small number of people in power (whether bankers or politicians or bureaucrats of ceos) “pulling strings”, To greatly over simplify, it stems from our cultural tendency to look for instant gratification, to consume more than we produce, to fail to reflect on the long term ramifications of today’s action, etc. We are the victims of our own behavior, and may benefit from a bit of self reflection.
Thank you once again for your concern for my well being and life. I assure you I do have a life; and life is good for me. So you don't have to worry about me.
Unfortunately I do tend to look beyond my own circumstances, and have some compassion for others. I do have concerns for what I see will likely cause many challenges to come.
One thing that puzzles me. If you are thinking this thread is foolish and not worthwhile or alarmist or whatever... why are you still looking at it? Why even read it... let alone post on it. Do you not have anything better to do than to throw some slings at those who do find relevance in this thread? Perhaps you need to "look in the mirror" and "get a life" yourself?
Like a friend of mine reminded me at times when I was complaining about something (which was probably trivial in perspective). " If you don't like what's playing on the TV... just change the channel. "
Had the mainstream media and the socialists gotten behind the worthwhile Occupy Wall Street movement as they did some of the more radical current movements, the bankers might have been reigned in, at least temporarily.
Keep an open mind, or get financially repressed -Zoltan Pozsar
@metalmeister said:
Total US debt+ unfunded liabilities. (SS Medicare Medicaid) = over $440,000 per man woman and child in the US RIGHT NOW. It will go higher with the more massive spending planned ahead by congress. Kiddies are protesting the wrong issues..
Got Gold/Silver?
How is this sustainable, there is an end right? What does the end look like?
It’s unlikely to be sudden and well defined. I can tell you where it won’t be: hyperinflation. It likely will be a period of double digit inflation, scaling back of SS and medicare benefits, some degree of means testing of SS and medicare, increased SS taxes, a possible Federal VA tax, higher gas taxes.
Hyperinflation is usually the result of a loss of confidence in gov.com and loss of confidence in the currency.
When over 50% of the population have no appreciable savings to fall back upon in a debt-based system, and when gov.com can’t seem to get away from increased spending at a seemingly exponential rate - and when the result of these policies includes both increased taxes and decreased benefits on a relative scale - the obvious fallout will become an ever increasing loss of confidence in the system, especially within the middle class.
We haven’t yet begun to see the difficulties that will occur on a personal level, but history is replete with examples of currency debasement that our “leaders” continue to ignore.
These factors are not conducive to maintaining any confidence in either gov.con OR in the currency. If cohodk’s projection of 20% higher prices within a year becomes reality, check back with us then to see if the sentiment has become any less “negative”. There’s a big difference between negative vs. being a realist. Got metals?
Q: Are You Printing Money? Bernanke: Not Literally
Modeling a massive cyberattack in advance before it happens? Gas pipelines & meat processors? Yeah, but if you mention anything, you're a conspiracy nutcase. We never did the the story on Building 7's implosion. Nothing surprises me now. Lots of diversions to take our attention away from the chicanery going on all around us.
Any major corporation that hasn't planned for these sort of contingencies doesn't deserve to be in business. Contrary to what the social justice warriors and nonproducers would have us believe, it's a competitive world.
Q: Are You Printing Money? Bernanke: Not Literally
@Higashiyama said:
France did that with the franc in 1960. The old one franc coins continued to circulate for a long time, but with a value of one centime.
Under similar circumstances just after WW2, Japan chose not to revalue the yen, so today we have roughly 100 yen to the dollar (though a very stable currency)
Did the quality of life decline in those countries? Were those with a few bucks wiped out?
@MsMorrisine said:
Greenspan did not invent no doc loans
Much worse, he helped create the enviornment for them. Greenspan and his two accomplices pictured above testified under oath before congress that there was no need to regulate financial derivatives because they offered no threat to the economy. Their testimony was a Wall St. necessity and in direct conflict with that given by then CTFC Chairman Brooksly Born that derivatives were a major threat to the stability of the economy and should be regulated. We now know who was right and who was way, way, way wrong.
Little did we know that the crew declared "to save the world" in 1999 would help bring it to its knees by 2008. A prime example of why public servants/regulators in the financial arena should not be selected from the rank and file of Wall St.
Funny how these guys begin speaking newspeak while working at the Fed, then go back to saying what they truly believe once out of its clutches. Greenspan started talking up gold again as the only way to battle inflation once he wasn't Fed President, just like he had said decades earlier.
@Higashiyama said:
France did that with the franc in 1960. The old one franc coins continued to circulate for a long time, but with a value of one centime.
Under similar circumstances just after WW2, Japan chose not to revalue the yen, so today we have roughly 100 yen to the dollar (though a very stable currency)
Did the quality of life decline in those countries? Were those with a few bucks wiped out?
Go ask the average Venezuelan.
Exactly. I dont think the average Venezuelan saw any decline. Dirt floor poor is dirt floor poor.
@Higashiyama said:
France did that with the franc in 1960. The old one franc coins continued to circulate for a long time, but with a value of one centime.
Under similar circumstances just after WW2, Japan chose not to revalue the yen, so today we have roughly 100 yen to the dollar (though a very stable currency)
Did the quality of life decline in those countries? Were those with a few bucks wiped out?
Go ask the average Venezuelan.
Exactly. I dont think the average Venezuelan saw any decline. Dirt floor poor is dirt floor poor.
Having lived there I can assure you that their situation has changed for the worse. The AVERAGE Venezuelan has lost over 35lbs. AVERAGE. That includes 4 year-olds. Pull your head out and see what is out there in the world.
@Higashiyama said:
France did that with the franc in 1960. The old one franc coins continued to circulate for a long time, but with a value of one centime.
Under similar circumstances just after WW2, Japan chose not to revalue the yen, so today we have roughly 100 yen to the dollar (though a very stable currency)
Did the quality of life decline in those countries? Were those with a few bucks wiped out?
Go ask the average Venezuelan.
Exactly. I dont think the average Venezuelan saw any decline. Dirt floor poor is dirt floor poor.
Having lived there I can assure you that their situation has changed for the worse. The AVERAGE Venezuelan has lost over 35lbs. AVERAGE. That includes 4 year-olds. Pull your head out and see what is out there in the world.
That probably has more to do with our sanctions against them then it does not having a silver dime to purchase a can of butter and beans.
Having lived there I can assure you that their situation has changed for the worse. The AVERAGE Venezuelan has lost over 35lbs. AVERAGE. That includes 4 year-olds. Pull your head out and see what is out there in the world.
I think the average American could stand to lose 35 pounds.
But the USA is not Venezuela.
And the whole context of this was about inflation in France, not Venezuela. Why do folk always jump to Venezuela or Zimbabwe or Weimar when discussing inflation?
Venezuela apparently has one of the largest oil reserves in the world, and not that long ago they were South America's most prosperous country until they nationalized PDVSA and kicked out the oil people who know how to run an oil enterprise - as their production and revenues have cratered because of lack of know-how and experience. And you think that it was about sanctions? Yeah, right.
True enough that the USA is not Venezuela, but shutting down the Keystone Pipeline Project in an ill-advised war on petro fuels, only to watch gas prices jump higher in a matter of months is not my idea of good resource management. And now Biden has waived sanctions on Russia's Nordstream II Pipeline to Europe. I'd like some knowledgeable savant to explain that one to me, because I sure don't get it.
And spending $trillions to subsidize EVs? Did Elon buy someone off?
Q: Are You Printing Money? Bernanke: Not Literally
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
Keep an open mind, or get financially repressed -Zoltan Pozsar
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
The US dollar is not the dominant currency because it is efficient. It is dominant because it is backed by the United States of America.
If CBDCs are the future, then the US will be in the forefront and continue to dominate international trade.
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
The US dollar is not the dominant currency because it is efficient. It is dominant because it is backed by the United States of America.
You mean as in military? the threat of that power is waning as well.
If CBDCs are the future, then the US will be in the forefront and continue to dominate international trade.
Only as an importer of others' goods. That makes us dependent not dominating. We do however export bad central bank policy. CBDCs are the future and will be used to devalue money at their onset. This is how the great reset in the US will occur - one day you have a hundred dollars in your local bank, the next day it becomes sixty (or less) dollars in your new central bank account.
Keep an open mind, or get financially repressed -Zoltan Pozsar
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
The US dollar is not the dominant currency because it is efficient. It is dominant because it is backed by the United States of America.
You mean as in military? the threat of that power is waning as well.
Lol. That's pretty funny, but no. The USA is the collective of 330 million of the brightest, most industrious and ingenious folk on the planet, with tentacles that reach into every nook and cranny on Earth. It's dominance has been predicted to fail for almost 250 years now, much to the dismay of those wish otherwise.
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
The US dollar is not the dominant currency because it is efficient. It is dominant because it is backed by the United States of America.
You mean as in military? the threat of that power is waning as well.
Lol. That's pretty funny, but no. The USA is the collective of 330 million of the brightest, most industrious and ingenious folk on the planet, with tentacles that reach into every nook and cranny on Earth. It's dominance has been predicted to fail for almost 250 years now, much to the dismay of those wish otherwise.
Our government "of the people, for the people" is $31+ trillion in debt. Our personal debt is at all time highs. Failure is baked into the cake and is simply a matter of time.
65.7 million of the those brightest, most industrious and ingenious folks on the planet receive welfare that is funded by the remaining 254.3 million taxpayers. Makes you wonder which group is the actually the brightest and most ingenious. As the number of taxpayer assisted voters grows, it will eventually reach the point where it can determine, expedite and deliver the predicted failure.
You place too much blind faith in others. They are not all as propserous as you and most would not hesitate, given the opportunity, to take from you more than just your tax dollars. Civil disruptions/riots in recent years have shown us this if nothing else. So while you publicly praise your fellow Americans, how many guns do you privately stockpile to protect you from them? Some choose the protection of guns, some choose the protection of precious metals. Some of us choose both.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I'm telling you bro, exit the bunker, let them wonderful rays of sunlight shine right on your grape. Take a big ole deep breath of fresh air. We all won the lottery. 'Merica is great. God bless 'Merica. RGDS!
No....i.place faith in me. Just as you place faith in yourself and blitz in himself and jmski in himself. The collective has lots of faith.
A "reset" wouldn't change anything. There would still be rich and poor, haves and haves not, will and won't and can't and don't. Just as it's been for 1000 years.
There have been riots and unrest since--and before--1776.
Lift people up rather than offering them despair and disappointment.
Comments
What I needed to accomplish (and more) took only 23 hours. The amount I traded with required constant monitoring. I never leave the dog unattended, he has extremely sharp teeth.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Hmm, Twitter and reddit seem full of people who had issues.
There may very well been execution delays if all of the US Mint's customers were trading doggy at the same time. I have noticed over time that when my desktop is slow with RH, all I have to do is move over to the phone app where I have yet to see any execution delays.
Keep an open mind, or get financially repressed -Zoltan Pozsar
No issues with Robinhood or DOGE here. Sounds like more misinformation.
The whole worlds off its rocker, buy Gold™.
Look of the Great Reset? Central banks and their digital currencies will replace the traditional banking system. After all, CBDC's complete the transfer of power from those who hold/have money to those who issue and control it's availability. Martin Armstrong revealed this a year ago.
And yes, precious metals and cryptos stand in the way, look for roadblocks to the desire to hold them.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Total US debt+ unfunded liabilities. (SS Medicare Medicaid) = over $440,000 per man woman and child in the US RIGHT NOW. It will go higher with the more massive spending planned ahead by congress. Kiddies are protesting the wrong issues..
Got Gold/Silver?
100% Positive BST transactions
Sovereign debt is no longer relevant. The Magic Money Tree (MMT) solved that problem. Question now is "at what price?"
Keep an open mind, or get financially repressed -Zoltan Pozsar
" Kiddies are protesting the wrong issues."
Agreed. Obsessed with other issues while their world is crumbling and falling apart around them. But to be fair... it's not just the younger generation... there are quite a fewer older ones that have been blind to what is going on... and they should know better.
Look behind the curtain to see who is really pulling the levers.
@tincup said “ Look behind the curtain to see who is really pulling the levers.”
Or maybe the more appropriate metaphor is “look in the mirror to see who is yanking on the strings”
That's a cute and easy thing to say... but makes no rational sense to me, and I have no idea what you are talking about or what your underlying point is. But perhaps you can enlighten me.
What strings am I pulling that is causing this? Especially since you do not know anything about me.
Two-year-old thread telling us the sky is falling every day, geez. Get a life.
@tincup asked “ What strings am I pulling that is causing this? Especially since you do not know anything about me.”
I apologize if my comment seemed offensive. It was absolutely not aimed at you as an individual, but was more of a commentary on our society. To the extent that it is a collective critique, I of course include myself among the many who could benefit from greater self reflection.
My point would require a very lengthy essay, but is broadly as follows: the problems we as a society are facing do not stem from a small number of people in power (whether bankers or politicians or bureaucrats of ceos) “pulling strings”, To greatly over simplify, it stems from our cultural tendency to look for instant gratification, to consume more than we produce, to fail to reflect on the long term ramifications of today’s action, etc. We are the victims of our own behavior, and may benefit from a bit of self reflection.
" Get a life. "
Thank you once again for your concern for my well being and life. I assure you I do have a life; and life is good for me. So you don't have to worry about me.
Unfortunately I do tend to look beyond my own circumstances, and have some compassion for others. I do have concerns for what I see will likely cause many challenges to come.
One thing that puzzles me. If you are thinking this thread is foolish and not worthwhile or alarmist or whatever... why are you still looking at it? Why even read it... let alone post on it. Do you not have anything better to do than to throw some slings at those who do find relevance in this thread? Perhaps you need to "look in the mirror" and "get a life" yourself?
Like a friend of mine reminded me at times when I was complaining about something (which was probably trivial in perspective). " If you don't like what's playing on the TV... just change the channel. "
"Get A Life"
I recently started reading threads in the precious metal forums because of my interest in cryptocurrencies.
It seems that so many of these threads are very negative on the GREAT USA and that the sky is always falling every day and forever.
So many glasses half-filled people here.
We live in the greatest country on earth and will be just fine.
Worried about inflation or the world ending, just buy cryptocurrencies and you will be just fine
" We live in the greatest country on earth and will be just fine. "
Absolutely.
" Worried about inflation or the world ending, just buy cryptocurrencies and you will be just fine "
Not as confident in this as much as you are. But... could be!
Any day now, right guys?
I will stick with stocks for the long term....thank you .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
One can almost touch it now. But worry not. . . at least until it crushes you. lol
That's the beauty of warnings. Those that heed them are always better prepared.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Mom and apple pie can buy you only so much comfort.
Keep an open mind, or get financially repressed -Zoltan Pozsar
" Kiddies are protesting the wrong issues."
Had the mainstream media and the socialists gotten behind the worthwhile Occupy Wall Street movement as they did some of the more radical current movements, the bankers might have been reigned in, at least temporarily.
Keep an open mind, or get financially repressed -Zoltan Pozsar
derryb if you want to have people take you seriously, go back to your old cool alien avatar.
IMO, the one you have now is a sure-fire way to have people not believe anything you say unless that is what you want.
How is this sustainable, there is an end right? What does the end look like?
@morgansforever asked: “ What does the end look like?”
It’s unlikely to be sudden and well defined. I can tell you where it won’t be: hyperinflation. It likely will be a period of double digit inflation, scaling back of SS and medicare benefits, some degree of means testing of SS and medicare, increased SS taxes, a possible Federal VA tax, higher gas taxes.
Hyperinflation is usually the result of a loss of confidence in gov.com and loss of confidence in the currency.
When over 50% of the population have no appreciable savings to fall back upon in a debt-based system, and when gov.com can’t seem to get away from increased spending at a seemingly exponential rate - and when the result of these policies includes both increased taxes and decreased benefits on a relative scale - the obvious fallout will become an ever increasing loss of confidence in the system, especially within the middle class.
We haven’t yet begun to see the difficulties that will occur on a personal level, but history is replete with examples of currency debasement that our “leaders” continue to ignore.
These factors are not conducive to maintaining any confidence in either gov.con OR in the currency. If cohodk’s projection of 20% higher prices within a year becomes reality, check back with us then to see if the sentiment has become any less “negative”. There’s a big difference between negative vs. being a realist. Got metals?
I knew it would happen.
What I say doesn't matter. What you do with it does.
Keep an open mind, or get financially repressed -Zoltan Pozsar
And I'm sitting back taking it easy and watching the show !
Next up: World Economic Forum's "Cyberpolygon" exercise in July to simulate supply chain infrastructure cyber attack.
Follows WEF's Event 201 exercise, a war game launched in October of 2019. Event 201 simulated a global novel zoonotic coronavirus pandemic (supposedly spread from bats to people) that “required” a global lockdown response. Only two months later the real thing actually happened. Almost every aspect of the Covid event has played out exactly as was practiced during the WEF war game.
Hint? MarketWatch reports Americans face mounting risk of hackers taking over brokerage accounts, regulators say
Got gold?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Modeling a massive cyberattack in advance before it happens? Gas pipelines & meat processors? Yeah, but if you mention anything, you're a conspiracy nutcase. We never did the the story on Building 7's implosion. Nothing surprises me now. Lots of diversions to take our attention away from the chicanery going on all around us.
Any major corporation that hasn't planned for these sort of contingencies doesn't deserve to be in business. Contrary to what the social justice warriors and nonproducers would have us believe, it's a competitive world.
I knew it would happen.
Go ask the average Venezuelan.
Funny how these guys begin speaking newspeak while working at the Fed, then go back to saying what they truly believe once out of its clutches. Greenspan started talking up gold again as the only way to battle inflation once he wasn't Fed President, just like he had said decades earlier.
Exactly. I dont think the average Venezuelan saw any decline. Dirt floor poor is dirt floor poor.
Knowledge is the enemy of fear
Having lived there I can assure you that their situation has changed for the worse. The AVERAGE Venezuelan has lost over 35lbs. AVERAGE. That includes 4 year-olds. Pull your head out and see what is out there in the world.
That probably has more to do with our sanctions against them then it does not having a silver dime to purchase a can of butter and beans.
The whole worlds off its rocker, buy Gold™.
I have Venezuelan friends, sanctions had little to do with the crap going on down there. Started well before 2 years ago.
Weimar, Zimbabwe, Argentina, now Venezuela?
None of those are anything like the USA.
Liberty: Parent of Science & Industry
I think the average American could stand to lose 35 pounds.
But the USA is not Venezuela.
And the whole context of this was about inflation in France, not Venezuela. Why do folk always jump to Venezuela or Zimbabwe or Weimar when discussing inflation?
Knowledge is the enemy of fear
When the US is governed by a militaristic dictatorship then lets worry about hyper-inflation.
Knowledge is the enemy of fear
It got close. Peace.
The whole worlds off its rocker, buy Gold™.
It did, then we had a 4 year reprieve. We have now assumed the prior trajectory...
Careful fellas. Gonna CLOSED all the good threads? 🤔
Liberty: Parent of Science & Industry
Venezuela apparently has one of the largest oil reserves in the world, and not that long ago they were South America's most prosperous country until they nationalized PDVSA and kicked out the oil people who know how to run an oil enterprise - as their production and revenues have cratered because of lack of know-how and experience. And you think that it was about sanctions? Yeah, right.
True enough that the USA is not Venezuela, but shutting down the Keystone Pipeline Project in an ill-advised war on petro fuels, only to watch gas prices jump higher in a matter of months is not my idea of good resource management. And now Biden has waived sanctions on Russia's Nordstream II Pipeline to Europe. I'd like some knowledgeable savant to explain that one to me, because I sure don't get it.
And spending $trillions to subsidize EVs? Did Elon buy someone off?
I knew it would happen.
Nothing like a depressing update:
CBDCs set to disrupt dollar dominance
"In 2021, the Bank for International Settlements conducted a survey and found that 90% of central banks that responded are exploring CBDCs, with 54% considering issuing one in the next six years."
Keep an open mind, or get financially repressed -Zoltan Pozsar
The US dollar is not the dominant currency because it is efficient. It is dominant because it is backed by the United States of America.
If CBDCs are the future, then the US will be in the forefront and continue to dominate international trade.
Knowledge is the enemy of fear
You mean as in military? the threat of that power is waning as well.
Only as an importer of others' goods. That makes us dependent not dominating. We do however export bad central bank policy. CBDCs are the future and will be used to devalue money at their onset. This is how the great reset in the US will occur - one day you have a hundred dollars in your local bank, the next day it becomes sixty (or less) dollars in your new central bank account.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Lol. That's pretty funny, but no. The USA is the collective of 330 million of the brightest, most industrious and ingenious folk on the planet, with tentacles that reach into every nook and cranny on Earth. It's dominance has been predicted to fail for almost 250 years now, much to the dismay of those wish otherwise.
Knowledge is the enemy of fear
Our government "of the people, for the people" is $31+ trillion in debt. Our personal debt is at all time highs. Failure is baked into the cake and is simply a matter of time.
65.7 million of the those brightest, most industrious and ingenious folks on the planet receive welfare that is funded by the remaining 254.3 million taxpayers. Makes you wonder which group is the actually the brightest and most ingenious. As the number of taxpayer assisted voters grows, it will eventually reach the point where it can determine, expedite and deliver the predicted failure.
You place too much blind faith in others. They are not all as propserous as you and most would not hesitate, given the opportunity, to take from you more than just your tax dollars. Civil disruptions/riots in recent years have shown us this if nothing else. So while you publicly praise your fellow Americans, how many guns do you privately stockpile to protect you from them? Some choose the protection of guns, some choose the protection of precious metals. Some of us choose both.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I'm telling you bro, exit the bunker, let them wonderful rays of sunlight shine right on your grape. Take a big ole deep breath of fresh air. We all won the lottery. 'Merica is great. God bless 'Merica. RGDS!
The whole worlds off its rocker, buy Gold™.
No....i.place faith in me. Just as you place faith in yourself and blitz in himself and jmski in himself. The collective has lots of faith.
A "reset" wouldn't change anything. There would still be rich and poor, haves and haves not, will and won't and can't and don't. Just as it's been for 1000 years.
There have been riots and unrest since--and before--1776.
Lift people up rather than offering them despair and disappointment.
Knowledge is the enemy of fear
and have a bunch of guns in case you are wrong? lol
any different than having a bunch of PMs in case one is right?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Nothing wrong with insurance...hopefully very diversified insurance......and don't put all the eggs in one basket so to speak. THKS!
The whole worlds off its rocker, buy Gold™.