Posted on 05/17/2024 9:18:27 PM PDT by SeekAndFind
I don’t follow Austrian economics - but most I know do. They are the ones who hoard gold and silver - then rue the day when those commodities drop like stones during a major recession - much like oil.
>> You calling it a lie doesn’t make your position correct.
Your disputing the call doesn’t make my position incorrect.
>> The banksters bla bla bla
Precisely define “the banksters”.
>> They are the ones who hoard gold and silver - then rue the day when those commodities drop
Gross oversimplification. There are many other ways to hedge against the debt trap.
I've taken time to clearly lay out my economic position. You haven't.
I have no idea what you believe, or which system you follow - although I suspect it is Austrian economics.
Brutal.
>> which system you follow -
Common sense, and the Word of GOD.
I got a two-fer there!! :)
So innocuous, yet so dangerous...
That dude needs to lay off the MD2020 and get a job.
The best hedge is to not be a slave.
The second best hedge is to be the primary master over slaves.
Just like bonds (debt), there are different levels of payout when things go south. Those holding debt with the higher ratings get paid first. Those holding preferred stock get paid first.
In other words - Be the first lender in line, so that you're first in payout before all others.
What's the easiest and safest way to do this?
US Treasury securities. Buying US debt makes the purchaser (lender) first in line.
Simply holding cash is a second derivative, since "cash" in a claim on "money", which is a claim on "debt".
Commodities like gold and silver are even worse - since many people use cash to buy and sell for cash.
That makes gold and silver a claim on cash, which is a claim on money, which is a claim on debt (3rd order).
Those holding commodities are 3rd in line if/when things hit the fan.
That's the way the system works - I know many have been taught differently, but they've been lied to.
[We’re at a much worse point now. The bubble pop will be ginormous.]
That’s what I think as well. Unfortunately.
I used to prosper rather well (not wealthy but great career, etc.).
Feels like 2 lifetimes ago since I knew “normal”.
Is that you, Janet?
We export LGBTQ+ better than anybody!!
Hooray Sodom and Gomorrah!!
WHAT could possibly go wrong??
All economic theory should begin there.
The Bible clearly lays out the concept of masters and servants, and that mankind should not serve two masters.
The Bible also shows that gold and silver are not "God's money". Were they sometimes used for trade? Yes. As were a myriad of other things all throughout scripture.
It's not so much about what token is used to represent money.
Instead, it's about whether the money is debt-based (only exists by owning the future labor of others).
Or
Completed labor based - Issued by the Treasury for labor that has already been completed and has no attached debt component.
[I think he’s the cute lil’ guy in the overalls.]
That’s what I was gonna say
Sounds to me like you're very insecure in explaining your economic position. I have clearly laid mine out.
If you desire to compare me to an old hag then at least describe in detail where I'm incorrect.
If you can't, then throwing around names becomes pretty juvenile.
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