A question I've had since the first stimulus check. Should the USD completely collapse, what the fuck happens? Do we lose our mortgages? Everything in our banks are null and void? Debt goes away? Will the banks claim our property if our mortgages arent paid off?
What about work? How do we get paid? etc etc.
Trying to figure out if its the right time to sell my house in NY and buy some property in WV asap or if i should wait to see how things play out. Thing to note, im currently in my home in italy as i decided to nope the fuck out when i saw the signs of impending war. At the time though, I wasn't privy to Q, Q's theory/plan, the attempt to overthrow our constitution, the globalists, etc.
Imagine if the 100T stolen from the American people was returned to it's rightful owners.
Think of the price inflation weeeee!
We could just go down the list of every big tech criminal's wealth, and every corrupt politicians wealth, all the media companies wealth, add it up, then divide it among the citizens. Be one HELL of a stimulus and it would only cost us nothing because we never needed these assholes to begin with.
Let things play out and then decide. It's not going to be much longer.
My guess... if they install Joe Biden the following will happen.
Covid will end and not be a thing by the end of March, maybe earlier.
The economy will coming roaring back due mostly to things be open again and people getting out to spend, also due to Trump strong economy before COVID, but Biden will get all the praise.
Sometime around mid 2022 that is when you will really start to see the slow down and the economy will start going south.... which they will blame old Trump policies for. This is when you will see them double down on leftist programs, more bail outs.... etc... which will further cripple the economy.
After that not sure... the plan is to get as many people as they can dependent on the government, Joe Biden is going to make 15 million people new citizens instantly, plus considering they will open the borders to anyone else wanting to come... will further kill the jobs market which will drag down the economy.
I'm over here in Korea and I run an online business so I have no idea how much I'll be effected, luckily it's cheap to live here and if I really needed I could probably teach English if things with south..... just shitty times all around are coming.
That would be true if Biden were to get in but that's not going to happen.
Listen to all the x22reports.com
In times of high inflation, you want to have lots of debt (which gets inflated away) and hard assets, like land, silver/gold, and other commodities.
Silver is poised to do particularly well given its industrial use (best conductor of electricity) and short supply (price artificially suppressed by bankers.
You could also invest in commodity producers (reasonable prices as everybody has been chasing tech).
My guess is that this has been known. We were so dependant on the world economy that if the US dollar failed, we'd be done. I believe this is the reason Trump has pushed so hard to make us energy independent and more economically independent. When the shoe drops, we'll be able to deal with the fallout. I think we're going to go back to printing our own currency and dump all of our debt with the fed.
Time will tell.
a few years ago i worked for a relatively new privately owned bank that was looking to expand. shortly after one of their new branches was built, the building was vandalized with "end the fed" graffiti. this was back around 2015. people know
You should sell and escape New York no matter what because it's a tyrannical shit hole.
well yeah, i def plan on escaping the gulag. just trying to figure out when the right time is so i dont lose money
I'm wondering the same...like our retirement funds, ect
Logic would lead me to believe that as hyperinflation hits. and the value of the dollar continues to diminish, then whatever you hold in your retirement accounts will also lose value. Sure, the number would stay the same, but it would be worth much less.
For example, how 10 dollars today is nothing, but in 1940 it was a lot of money.
Bitcoin will go to the moon, everybody will buy it to get off the sinking ship.
I've been investing specifically in BAT and XLM.
BAT (Basic Attention Token) is an Ethereum token that powers Brave Software's blockchain-based digital advertising platform. Internet users who browse the web using Brave's free web browser can choose to replace the ads they see with ads on Brave's ad network. Users then receive BAT from advertisers as compensation for their attention. --- Now, pair this with the influx of new users to Brave that are leaving google and mozilla for obvious reason and I think we'll see an increase in value. Currently only have 40 coins worth .25c each, will be dumping more into this soon.
XLM (Stellar Lumens) powers the Stellar payment network. Stellar aims to connect banks, payments systems, and individuals quickly and reliably. From what I understand it's essentially aiming to be the global conversion currency. If i wanted to send money to someone in the UK from USA, i'd currently have to go through a wire transfer which takes several days if not up to a week, and costs a decent amount in fees. With XLM, should the two users banks also take part in this service, the sender would instantly convert the amount they wish to send into XLM, which would then be instantly sent to the recipient's bank as XLM, which would then be converted into the recipient's currency and arrive into their account. All of this done almost instantly as it would be done all on the stellar network. I bought around 150ish coins when they were listed at .08c each, and are now currently valued at .30c each.
Not giving financial advice to anyone, but logic leads me to believe these two will gain in value over the coming months. Also, if anyone wants to be a cool dude, I can earn up to 40 bucks in XLM by sending an invite to 4 friends that complete a "lesson" on the coinbase app. The "lessons" earn coinbase users free cryptocurrency, so it's a win-win. If anyone is interested, feel free to message me for the link, as I think posting it here would classify as self promo and I don't want to break this site's rules.
Maybe we won't need money for a while, til things get settled.
If the dollar collapsed, it would no longer be a viable currency for transactions. It would be a terrible time to have a stockpile of cash. Your play money, or rainy day cash would be worthless. However, investments in assets and commodities would maintain their real value. Relative to the dollar they would seem to skyrocket, but the reality is that if the dollar is nonviable then transactions would need to be made in some other currency. Digital currency is risky because it has no real world value.
Now, here's what I see happening: The trillions in wealth that have been stolen from our nation over many years will soon come under ownership of the US government. The national debt of 27 trillion will still exist. However, the government will also have a national credit of say 100 trillion due to taking ownership of all the assets of companies that were part of the insurrection. In addition, the government will need to seize the assets of certain wealthy individuals who sponsored the insurrection. This will be a returning of wealth to the people in the form of an endowment. That endowment will be used to gradually pay down the national debt and simultaneously fund all kinds of new research, infrastructure, and arts projects, all while simultaneously cutting taxes.
Win! Win! Win! WinnerIsComing!
Gain assets, and not just PMs. You can’t eat PMs. Have the tools to grow your own food, maybe some small livestock. If you don’t have some land, you might be screwed. If you can’t grow food, store what you can.
Money is fiat, only the glory of Rome is forever
Your home loan and debt is denominated in US dollars. The value of those dollars is irrelevant, if the USDX totally crashes your payoff amount wouldn't change, pay off your house with worthless cash. That's how the government does it with inflation! Assuming you can still access your bank (doubtful) haha
They're not going to claw back all the stolen money and then hand it out to Americans. That would do nothing other than cause insane inflation. Some kind of currency reset\debt restructuring is coming. Most of the debt the USA owes is to SS and Pensions, maybe all the stolen wealth goes to taking care of older Americans. Who knows!
If the dollar goes to zero society will break down.
I doubt that a plan so awesome and spectacular, would not have thought about people’s daily needs, one such need being cash.