BUY PHYSICAL SILVER NOW. For the price it's worth a shot regardless. I can't preach this enough frens. Check out reddit/WallStreetSilver. You can make a purchase at your local coin shop or check out SD Bullion online.
But what can you do with items of silver that are too large to use as trade currency? It may be worth a lot, but are people going to trade bars of silver for a pound of flour, or sugar?
Basically, there’s too much cash/fiat in the system. So in order to keep their balance sheets... balanced, they need collateral. There’s a lack of collateral, so they’re having to use the FED’s RRP, which essentially means they park their $$$ for treasury bonds overnight... every night.
In layman's terms, banks have to give back the fed money because they have too much, in an emergency to delay the inevitable rampant inflation.
So, should we do a bank run?
Buy Gold, silver, and crypto
Also ammo, water, and canned goods. Fill your house full of stuff you use every day and hope it lasts through the coming crisis.
Swimming pools could be a great source of water, and food (if properly stocked :) ), if it gets that bad.
BUY PHYSICAL SILVER NOW. For the price it's worth a shot regardless. I can't preach this enough frens. Check out reddit/WallStreetSilver. You can make a purchase at your local coin shop or check out SD Bullion online.
Already started, but afraid not soon enough.
But what can you do with items of silver that are too large to use as trade currency? It may be worth a lot, but are people going to trade bars of silver for a pound of flour, or sugar?
Is selling it back easy?
you forgot $GME
This is wrong. It’s actually MMFs (Money market funds) asking for collateral from the FED in exchange for $$.
There’s too much liquidity, not enough collateral.
Can you break that down for us crayon eating apes?
Basically, there’s too much cash/fiat in the system. So in order to keep their balance sheets... balanced, they need collateral. There’s a lack of collateral, so they’re having to use the FED’s RRP, which essentially means they park their $$$ for treasury bonds overnight... every night.