Precious metals advocate (Gold & Silver), over 26k YouTube subs and 2.4+ million views, promoting sound money and smaller government. Not financial advice.
@chamath You fix it by going back to a gold standard and stop allowing only the 1% to hold assets by stopping all wealth from the rest through inflation. No AI needed.
The rising cost of living is squeezing everyone, not just low-income earners. Welcome to the K-shaped economy, where different economic paths widen the gap.
#CostOfLiving#Economy @milesfranklinmedia
Too many are looking for a Golden Bullet to fix the mess. There isn’t one. The mess is too messy to fix, it needs to be completely reset (ended and a new system created). We need our money back again by money, which is gold until we do that system is gonna continue to derogate and inflate.
Milkshake bros live in lala land. US dollars garbage because it doesn’t have any backing except for a military that very powerful but outdated. Swift isn’t going to be a tool for much longer as people start moving away from the Dollar. I can see a gold bond and gold revaluation, mark to market making some difference but I don’t think they will move the dial like a debt USD backed stable coin. Foreign entities no longer trust the US’s ability to restrain debt creation.
The issue is how do you get the populace to adopt such a thing? Probably not with a carrot and more likely with a big ol stick. What’s being planned to make the stick seem like a carrot is what has me concerned. Cyber attack, banks failures, etc.
Yes, the system is resourceful and still has a few kicks left to the can before it rips wide open, but when it does rip open, I can see it forcing a complete reset as the global banking contingency will have lost control, trust, and power.
@RichardCabezza@mothersilverape First, I won’t be buying above spot. I will be helping those liquidate that need to at a price better than an LCS, but it will be below spot.
Silver.
Sorry to be blunt about this...
But did you front run this correction process and are now trapped?
Let that be a lesson for next time.
Our members got the detailed nuanced thought process why this was likely a while back.
The Q-Stackers!!! Very dangerous to follow.
The government Isn’t in the business of making people wealthy. If they were the education system would not exist. Something much more conducive to human learning and that set people up for success would take its place.
The oligarchs controlling the government don’t want competition. When new 9-10 figure individuals arrive to the party, they are being watched closely. That’s all I’m going to say about that but you get the point.
Government has just become a tax harvesting organization to fund the fiat, debt ponzi to allow those at the top to buy more assets. It’s a big circle of corruption. Cantillon Effect!