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Rich Dad Poor Dad Author Says He’s Buying Bitcoin and Ethereum, Economy Is Screwed
The Daily HODL ^ | 3-21-21 | HODL Staff

Posted on 03/22/2021 9:12:43 AM PDT by aMorePerfectUnion

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If YOU would like to be on a CRYPTO PING LIST, please pm me.

I'm linking this for two reasons...

1. We all see the state of the economy
2. We all know what silver and gold are... but fewer are thinking about cryto.

This guy is.


1 posted on 03/22/2021 9:12:43 AM PDT by aMorePerfectUnion
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To: aMorePerfectUnion; ConservativeDude; Vermont Lt; V K Lee; Pollard; Desparado; Tucker39; Database; ..

PING


2 posted on 03/22/2021 9:13:18 AM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: Jumper

Ping to you - (do you want to be added to the crypto ping list, or not interested?)


3 posted on 03/22/2021 9:18:19 AM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: aMorePerfectUnion

Cryptocurrency presumes availability of others managing the blockchain.

Off grid? Grid off? No Bitcoin.


4 posted on 03/22/2021 9:22:54 AM PDT by ctdonath2 (The claim of consensus is the first refuge of scoundrels.)
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To: ctdonath2

Your comment presumes the grid will be off worldwide …

Blockchain is decentralized

In a power outage, you may not be able to access it - like atms


5 posted on 03/22/2021 9:26:35 AM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: aMorePerfectUnion

Premise of thread: “economy is screwed”.

How big the gap where ATMs are down but Bitcoin isn’t?
I suspect rather narrow.


6 posted on 03/22/2021 9:33:51 AM PDT by ctdonath2 (The claim of consensus is the first refuge of scoundrels.)
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To: aMorePerfectUnion

Inflation requires velocity of money—and unless .gov plans monthly _big_ stimulus checks every month for years and rent and mortgage forbearance indefinitely, the velocity of money in this economy will remain at a stunning low level.

Poor people just don’t have money to spend, and they are most of the people in the US these days.

Meanwhile illegal aliens and mechanization will crush labor costs.

In addition, other countries are inflating their currencies like crazy, so the dollar remains the biggest boat in a sinking sea.

The world economy is in crazy unknown territory—eventually the whole thing will crash in an insane depression imho.


7 posted on 03/22/2021 9:35:09 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: aMorePerfectUnion

Silver made it’s last high adjusted for inflation in 1986.

Gold and Silver technical charts look weak.

Watching, but not jumping in.


8 posted on 03/22/2021 9:37:02 AM PDT by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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To: aMorePerfectUnion

I have found this guy’s advice is mostly B.S. or recycled from others. He is mainly rich because he got famous for a shtick.


9 posted on 03/22/2021 9:37:27 AM PDT by montag813 ("Fallen, fallen, is Babylon the Great")
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To: aMorePerfectUnion
You're gonna need some of these:

90% Silver Quarters Or Silver Dimes; Pre-1965 Junk Silver Coins

No-one will be able to change a $10,000 Krugerrand or Eagle.

I remember in the early nineties buying Kruggerands for $382.00, average.

10 posted on 03/22/2021 9:39:25 AM PDT by blam
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To: ctdonath2

Cryptocurrency presumes availability of others managing the blockchain.

Off grid? Grid off? No Bitcoin.

Gold has a 6,000+ year history of “just working”. It can’t be destroyed. It can be buried underground or under water and nothing happens to it. And it actually has practical application both a jewelry and as one of the best choices for electrical conductors.


11 posted on 03/22/2021 9:52:18 AM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: blam

They make silver krugerands now too. I just loaded up on them a few months back.


12 posted on 03/22/2021 9:53:12 AM PDT by dereknunley
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To: blam

They make silver krugerands now too. I just loaded up on them a few months back.


13 posted on 03/22/2021 9:53:21 AM PDT by dereknunley
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To: Flick Lives

“Gold has a 6,000+ year history of “just working”.

It also has a 50 year history of being a rigged market like Silver. The people who control both can control the price at will.

Fear-porn sells, but when does it pay off?


14 posted on 03/22/2021 10:00:12 AM PDT by SaxxonWoods (The Republican Party is dead. Long live the MAGA Party.)
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To: dereknunley
Thanks. I didn't know that.

Silver Krugerrand

15 posted on 03/22/2021 10:00:35 AM PDT by blam
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To: aMorePerfectUnion

I would like to be added to the ping list, please.


16 posted on 03/22/2021 10:02:15 AM PDT by Andyman (The truth shall make you FReep.)
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To: aMorePerfectUnion

Watch GBTC.

https://www.investopedia.com/news/why-buy-expensive-bitcoin-etf-instead-actual-bitcoin/


17 posted on 03/22/2021 10:03:59 AM PDT by Jayster (Legalize Marijuana )
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To: Andyman

You’re now a Crypto Ping List Insider!

Welcome


18 posted on 03/22/2021 10:08:56 AM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: montag813

I found Robert to have great info that changed my approach to investing.

To each their own


19 posted on 03/22/2021 10:11:23 AM PDT by aMorePerfectUnion (I'd rather be anecdotally alive than scientifically dead...)
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To: aMorePerfectUnion
America went south when the fed. got away with counterfeiting(or is that counterFIATing).

They'll have no problem using their monopoly money to buy a $12B aircraft carrier....

You'll be lucky your REAL money will be able to buy a loaf of bread.

20 posted on 03/22/2021 10:14:41 AM PDT by RckyRaCoCo (Please Pray For My Brother Ken.)
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