Posted on 04/22/2021 5:27:05 AM PDT by EBH
(Video)If it feels like the U.S. government is spending money like it's going out of style ... it's because it is! Glenn exposes the TRUE state of our economy that the Biden administration doesn't want you to see. Obama kicked off a spending spree that was continued under Trump, and now Biden will finally push us over the ledge with the $2.3 TRILLION "infrastructure" deal. All signs point to a major economic disaster. And the perfect storm is brewing to convert the greenback into a new digital currency. Think Bitcoin, but with CENTRAL bank control, where we could see the end of private savings and private spending and your finances are tracked. Every time our money gets converted, your wallet will take the losses.
There is much to be found with some duckduckgo searching (google not recommended).
Here is some:
The US government is borrowing at less than 1%. All goid for them. I would borrow at that rate and buy assets all day long.
The artificially depressed interest rates destroy retirement savings and kill the middle class.
This is totally by design.
Canned goods and bullets.
I’m increasingly viewing currency as merely a temporary medium to transfer value from one thing to another. I don’t really care what the medium is, so long as is value doesn’t change substantially in transit. “Dollar” is just a convenient mostly-consistent roller to measure value by.
The dollar isn’t what you think it is then.
Correct. Except it’s the only medium for most transactions. That’s where they get you.
Or you could just buy Gold and Silver now for FIAT paper and exchange them back for FIAT after inflation to pay off your bills clipping the cycle of your money rotting in a bank for no interest as the fake fed rate stays negative and the presses run day and night.
Silver and gold are set to be run so high after the shorts and price manipulation is finally broken.
Then enlighten me.
The Fed is an unnecessary evil. The dollar doesn’t need to be tied to gold. Gold is an arbitrary but historically accepted benchmark of value. Salt was more valuable than gold at one point. The word salary comes from it.
The dollar could easily be pegged to the US land, oil, timber or any other commodity of which we have millions of times the value of all gold on Earth.
.
“he looks at GDP and compares to Greece from a few years back. We’re at 102% already, Greece failed at 130%”
The author is fool for making that comparison. Greece DID NOT control their currency. That makes a HUGE DIFFERENCE.
Walk into a coin store and by bullion silver, probably cost you about 35/oz and hold on to it for a little while. Price is going to spike as demand outstrips supply. COMEX is almost empty of silver, and the mines are not able to ramp up production. As a store of wealth it is a good buy. You don’t have to go crazy, just a little bit now and again. If you don’t have a coin store nearby, you can buy in a pawn shop. Check the price against what you could pay online for deliver in physical silver to your house. JM Bullion and SD Bullion are good online places to buy solid silver coins. Have fun.
Silver, unlike gold, oxidizes. It also has way more commercial uses than gold. So yeah it’s way more volatile. Opportunities happen.
The bitcoin fanboys are naive fools if they think governments will just allow some other form of currency to compete. Cyptos are like gnats right now and that is the government’s have not done anything. But that day is coming soon.
End Our Currency?
Certainly! That’s their ultimate ‘reset’!!
One World Currency is inevitable.
The monthly Hills Road Mortgage Association is called to order.
Potential Mortgagor One: I have a two-bedroom house at 308 assessed at $210,000. I need to refinance the $96,000 I owe as cheaply as possible. Bids please.
Bidder One: $20,000 at 2% for five years, HRMA terms.
Bidder Two: $30,000 at 2% for five years, HRMA terms.
Bidder Nine: $30,000 at 1.8% for five years, HRMA terms.
Mortgagor: I will be taking bids 6 through 9. Thank you!
Potential Mortgagor Two: I have....
....
Thank you for attending and lending. Same time next week!
next month
From usdebtclock.com:
I sort of liked Chuck's "For The People" show, which at the time featured a lot of Pat Choate and Larry Nichols (remember the Whitewater days?).
He did have a bit of the huckster in him though. Always pitching his cheesy newsletter and the American-made shortwave radio, which I actually bought, which was an utter piece of crap. I threw in the garbage and bought a Grundig (which still works fine to this day).
I guess someday the predictions will come true but like you said, we've been hearing the drumbeat of imminent doom for literally decades now.
I weep for our country.
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