I don’t mean to be an asshole but I don’t understand the dooming with the infrastructure bill.
💊 RED PILL 💊
We knew this was coming and the economy has to collapse under Biden’s watch. Also people must be brought to the precipice of destruction in order to change.
Trump told us gas prices and inflation was gonna go through the roof.
Prepare with good crypto’s, precious metals, shorted stock, food, ammo, water, energy etc.
Be glad you are awake and not a vaxhole sheep who will be caught completely off guard.
Sorry shit sucks but when you are aware you can prepare.
Just curious... anyone have an opinion as to what happens to the value of gold? For those who have hedged against inflation and the death of fiat currency by purchasing gold coins, if suddenly everything is wiped away and replaced with gold-backed currency, will that be good for the $1800 coin purchased today (as an example) or is that buyer going to lose a lot of money because they were trying to prepare against inflation and suddenly the coin is $35 per ounce? Or something like that?
Or, do you think that there is going to be a window of hyperinflation in which gold does "go to the moon" and it's an opportunity for those who purchased coins to utilize the gain before the whole thing is restructured?
Gold does not change in value. The FRNs may change value in relation to gold, but the gold itself is still worth the same. A hundred years ago, a $20 gold piece (1 oz.) would buy a really good men's suit. Today, that same 1 oz. of gold turned into dollars will still just buy a really good men's suit. It's the same with silver, except silver will be going up because of increasing rarity relative to gold. It's also available in small denominations of junk silver coins that would be easy to spend. A silver dime would buy a loaf of bread in the 1960s. Turn that silver dime into today's dollars, and you can still buy a loaf of bread.
So I do not worry over what everyone says the dollar value of gold or silver is.
Good point! Thanks for the insights.
Biden plans to tax you into oblivion on any increase in value on anything you own, whether you sell it or not. That includes your house, your stocks, your crypto, your gold and silver. And even if it goes up and then down again.
That is probably part of the reason why he's pushing us into hyperinflation. It's certainly why he wants to be able to snoop into your bank account.
Well, my hope is that the value will be high enough in relation to the crashing fiat that even after taxes I will come out ahead.
So... the system needs to collapse, then.
I'm not arguing with that but not everyone will be able to hoist up their big girl/boy panties and start over.