Posted on 06/01/2023 9:24:24 AM PDT by CFW
It’s hard to get upheaval when you can create infinite money.
And no, that does not mean inflation results. The dirty secret of economics is money is a substance created from nothingness by central banks like the Fed. Such a substance does not have to conform to any “laws” (of economics) or “truths” or anything else. It came from nothing. Why would you expect it to conform to?
Upheaval requires war that threatens the central bank in question with physical destruction. Or disease. Or asteroid strike.
Think about this a moment. All post Apocalypse scenarios generally have no money. They certainly have no internet connection to the Federal Reserve.
TBH, advice like this is sooooo valuable "he would buy more if it goes down more."
CBDC will declare your cash assets, worthless.
was ... I think ... a long time ago ... I might be wrong ...
But then where do you re-invest those profits? That's the question. Holding them as cash is not really an option as inflation will devalue them very quickly.
CBDC will declare your cash assets, worthless
And they could do the same with gold.
A little of a lot of things is probably the best.
The real problem is the same ting my parents faced. They were doomed by the crash in 1929 but did not realize it until 1932. very day Dad’s customers would assure him that they were going to ......whatever...next month or in a couple of months.
It was 1932 before he realized that they were never going to live up to the statements.
We could be in the same situation right now, but we will not know for probably another year.
As for those who like cash, Dad was fond of saying that cash is not so important....until you don’t have any.
When he died he had enough to last another lifetime.
As for land. remember that land prices crashed in the great depression. Farmland in the South sold for less than $100 an acre. I have heard of as low as $10.00.
Those who got wealthy on land were able to buy after the price crashed and at anytime up until recently But right now it is probably just as sure a a thing as he next horse race.
And property taxes will be the very last thing to go down.
I have some of everything discussed here but I still worry that the crazies in DC will destroy the value of all of it.
Or maybe just enough of it that the rest is not enough.
The only way out of this mess is: TRUMP!!!
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
fyi hunt brothers try to corner silver market
“With overall macro data serially surprising to the downside in May, it is no surprise that expectations were for sub-50 (contractionary) prints for ISM & PMI Manufacturiung surveys this morning.
Manufacturing PMI slipped from its flash 48.5 level to 48.4 final in May, down from 50.2 in April (the 6th month below 50 of the last 7)
ISM Manufacturing also disappointed, falling from 47.1 to 46.9 (below 47.0 exp) - the 7th straight month below “
“The only way out of this mess is: TRUMP!!!”
Agreed!
I have about $20 in cash, a LOT in ammo, and so much more in the bank’s liquid brokerage acc’ts, so I’ll just have to what comes. Own no gold. I also don’t have a smartypants phone; just a 2018 4g Flip Phone, free from AT&T, so I’ll have to learn how to use one, someday.
Or not. At 73, I died 2x in York Hospital in 2017, with a lot of health problems, but now doing well, thankyouverymuch...
Really. Do you think he’d sell if the price rose?
I guess free advice is worth what you paid for it.
Me? I like the “Buy high, sell low” investment philosophy.
“I have about $20 in cash...”
Should be $20,000.
“CBDC will declare your cash assets, worthless.”
You don’t need a digital system to do that. Many countries have created “New” currencies after hyperinflation and told citizens “You have two months to turn in your old money or it will be worthless.” Of course, in many cases, the inflation was so bad the paper money was worthless anyway. Brazil, Germany, Hungary and Zimbabwe come to mind.
Ag and ag.
LOL...too bad gold is “Au,” not “Ag.”
So it’s Agau? Or Auag?
Fact is: with what is coming, those with a lot will lose a lot, those with little will lose little.
Anything tied to a SSN will be placed under full control when sovereign digital currency becomes a reality here in the US….prepare accordingly.
I am old enough that I do not have to preserve capital forever, just twenty years or so.
High interest savings will do that trick for me—does not fully cover inflation but trims it a bit.
What I cannot afford is a stock market crash—and I refuse to take that risk.
He talked about silver Ag... from the Latin argenti, also the root for the land of silver Argentina...
I got out of equities and went to cash a year ago.
I could be wrong, but the way I see it, inflation eats away at cash only when you spend it. Right now, with the FED raising interest rates, cash is earning a lot of income right now (almost 5%). I can live with that for the short to medium term.
I will get back into equities after the market crashes, but I can live off of the interest for now.
-PJ
That brought a smile to my face. The image is as cute as a kitten.
Just my $0.02 re: a crash (or hyperinflation) is that the only safe assets are real estate (preferably agricultural), energy (preferably fossil fuels), and precious metals. Entrusting any investment in the hands of others is dangerous. As was said in the Godfather, “Keep your friends close, and your enemies closer.”
I’ve got some energy and real estate, but the wrong kind of real estate. Mine is rental houses. I need to convert them.
Just sayin’
Gwjack
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