I was surprised to learn this on YouTube shorts after watching some random financial posters. It definitely makes sense tho if cash is depreciating yearly through inflation. You're better off investing it in something that at least appreciates in value at a similar or better rate.
Remove cash reserves from banks as you will not be able to get it out later. Even if 90% are unemployed you will still be expected to make your payments. The best part, you will be paying them back with worthless fiat as inflation skyrockets. Convert some cash reserves to silver so when it’s 10k/oz you can pay off your home with a pocket full of coins you bought $1000 in today’s USD.
Banks buy overnight short-term t-bills from the the Fed, at .01% interest to get cash off their balance sheets.
Allegedly, the Fed is charging them .02% interest for cash holdings. Why wouldn't the Fed just charge .01% interest for holding cash, or, start charging .02% interest for reverse overnight repos instead?
Makes perfect sense as it is then, right?
Which means, as things are right now all is well in this inverted realm of deception.
You don't need to be a financial expert to know saving fiat is absolutely stupid.
I was surprised to learn this on YouTube shorts after watching some random financial posters. It definitely makes sense tho if cash is depreciating yearly through inflation. You're better off investing it in something that at least appreciates in value at a similar or better rate.
Something physical would be my preference: bang sticks and ammo, food, water, emergency kits, gold, silver...but also, LAND
And weed
Remove cash reserves from banks as you will not be able to get it out later. Even if 90% are unemployed you will still be expected to make your payments. The best part, you will be paying them back with worthless fiat as inflation skyrockets. Convert some cash reserves to silver so when it’s 10k/oz you can pay off your home with a pocket full of coins you bought $1000 in today’s USD.
It's a controlled demolition.
Can you explain what a "reverse repo" is? Zerohedge can be very "inside baseball" with financial terminology.
Banks buy overnight short-term t-bills from the the Fed, at .01% interest to get cash off their balance sheets.
Allegedly, the Fed is charging them .02% interest for cash holdings. Why wouldn't the Fed just charge .01% interest for holding cash, or, start charging .02% interest for reverse overnight repos instead?
Makes perfect sense as it is then, right?
Which means, as things are right now all is well in this inverted realm of deception.
Huh?
so somelikeithot.......I just retired last nov, at age 67.....what do I do with my 401K?...its 51% stocks/49% bonds....
Pay all the penalties and pull it out. Buy gold/silver, lead/brass, small houses to rent (real estate) and other tangibles. 0’s and 1’s going bye bye.
Give us some good financial advise as we are about to go over a water fall here.