If precious metals traders are right about how aggressive the Fed will get to crush inflation, the stock market should be crashing. If stock traders are right that the Fed is more bark than bite when it comes to rate hikes, gold prices should be soaring. They both can't be right.
If youre concerned about the declines in #gold and #silver in recent weeks, look no further than the national debt.
The USA is $40 trillion in debt while interest rates are rising.
This is a recipe for disaster.
Gold and silver will be revalued. The easy way, or the hard way.
💯ACHIEVE GREATNESS:
- Study the greats. 🏆
We stand on the shoulders of Giants.
- Study patterns.
History doesn’t repeat, but it rhymes.
📈📉📈📉📈📉
Let’s follow the pattern of our entire modern financial system.🏦🏧
-1800s-1914: UK🇬🇧 world Financial Center
-1914: WW1….the £ system breaks.
-1925: Churchill restored Britain to gold standard
- 1929: start Great Depression
- 1931: 🇬🇧 left the gold standard
- 1933-34 FDR restricted gold ownership during Great Depression.
- 1939-45: WW2
- 1944–1971: Bretton Woods system
Governments, banks could exchange dollars for gold at $35/oz but NOT ordinary Americans.
- 1971: 🇺🇸 left the gold standard (“Nixon Shock”)
- The Petrodollar system: After many wars gold had been consolidated in the US, and global demand for oil created global demand for US dollars.
- 2000: Swiss franc last currency with a gold-backing was removed.
- 2020s: End of the US 🇺🇸 as the worlds Financial Center, IMO.
We now have a free-floating fiat currency. I would not put too much hope into that…..or spend it on pipe dreams.
Do you see the PATTERN?
The 1920s saw:
* Rapid credit growth
* Stock speculation
* Easy borrowing
Sound familiar?
Then came the crash of 1929.
Followed by: Great Depression
Repeatedly, humans make the same mistakes:
* Excessive debt
* Overconfidence
* Speculative bubbles
* Political polarization
* Assuming good times will continue forever
It looks like we’re headed towards the next Great Depression, so I would use the money to buy supplies, solar panels and water wells especially. 🫶
History doesn’t repeat, but it rhymes.
We’ve been here before. People just have short memories and a lot of hOPIUM.
#NotOurFirstRodeo
Best financial strategy?
* Diversification
* Saving during prosperous times
* Avoiding excessive debt
* Investing in useful skills
* Maintaining strong communities
* Find God. Humans seem to have forgotten that a supreme deity rules this planet….and the others. 🙏 When you are connected to source, you stop worrying about money. #EndTimes