Not financial advice, and this is all hypothetical...
The reality of our situation is that, like the political system, the financial system has been hollowed out. The government is printing money and wall street valuations are fraudulent. It’s only a matter of time before all these things come crashing down and the word realizes many of these paper assets are almost worthless. In particular the USD.
The important thing to remember is that with inflation things won’t “gain value”, it’s money losing value. Picture old photos of Germans with wheelbarrows of money to buy a loaf of bread. The bread didn’t appreciate in value , in this case the money has just become almost worthless.
So how do you protect yourself in a currency collapse? First of all, lock in your mortgage and all loan rates for 5 years. The first thing the banks will do is jack up rates to keep up. Secondly, you need to have hard assets (in hand). Gold, silver, food, medicine, tools, munitions can all easily be sold later for boatloads of (almost worthless) money, which can then be used to pay off your mortgage rate (which was hopefully locked in when the banks thought the dollar had value). You will also need these things to buy food and other necessities. It will be a barter economy.
GameStop is different in that it is supposedly a hedge to financial collapse. It appears that there have been more shorts put on it than stocks available. In plain language, Wall Street hedgers have contractually agreed to buy every stock in the company (and more) at a future date, regardless of the price. They did this thinking it was a failing business and they could pick it up very cheap in the future. However, by owning even a single stock and holding out, they will in theory be forced to buy it for basically whatever cost you are willing to sell it for. If the scenario presented is true, they have no choice. They’ve contractually agreed to buy every stock, and to get yours they will have to pay your price.
Not financial advice, and this is all hypothetical...
The reality of our situation is that, like the political system, the financial system has been hollowed out. The government is printing money and wall street valuations are fraudulent. It’s only a matter of time before all these things come crashing down and the word realizes many of these paper assets are almost worthless. In particular the USD.
The important thing to remember is that with inflation things won’t “gain value”, it’s money losing value. Picture old photos of Germans with wheelbarrows of money to buy a loaf of bread. The bread didn’t appreciate in value , in this case the money has just become almost worthless.
So how do you protect yourself in a currency collapse? First of all, lock in your mortgage and all loan rates for 5 years. The first thing the banks will do is jack up rates to keep up. Secondly, you need to have hard assets (in hand). Gold, silver, food, medicine, tools, munitions can all easily be sold later for boatloads of (almost worthless) money, which can then be used to pay off your mortgage rate (which was hopefully locked in when the banks thought the dollar had value). You will also need these things to buy food and other necessities. It will be a barter economy.
GameStop is different in that it is supposedly a hedge to financial collapse. It appears that there have been more shorts put on it than stocks available. In plain language, Wall Street hedgers have contractually agreed to buy every stock in the company (and more) at a future date, regardless of the price. They did this thinking it was a failing business and they could pick it up very cheap in the future. However, by owning even a single stock and holding out, they will in theory be forced to buy it for basically whatever cost you are willing to sell it for. If the scenario presented is true, they have no choice. They’ve contractually agreed to buy every stock, and to get yours they will have to pay your price.