That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.
No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
news
social media
government
all information sources
health care
doctors
pharmaceuticals
stocks
stock market
U. S. economy
World economy
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
I stopped by the coin shop today and the stock of silver has been declining for three weeks in a row now. Also there was an old man who was talking to one of the staff about the debacle the vax mandates were playing on the airlines and his theories on shit hitting the fan in February (unsure why he predicted that month.)
That's why memes are making bank. Anyone who got some more substantial reserves and more than two brain cells is getting their hands on anything but dollars. I'm not that savvy in finance, so I ask : will this incoming shitstorm top the petrol shocks in the 70's or, God help us, the '29 crash ?
What's coming isn't a '29 crash. Its a complete destruction of the system.
Both the GA and the Great Reset rely on this destruction of the system.
It's coming, and it's gonna be epic.
Having said that, the destruction of the system might be more of a smooth(ish) transition to a new one than a full on economic apocalypse. Or it might be somewhere in between (my guess/hope?). We shall see.
Economic change is coming, no matter how you slice it, on a scale that those who have not done a serious deep dive can't really imagine. When this is over, nothing will look the way it has looked for the past 150 years. It will be completely different.
I’m a Wall Street fag and I don’t see how it could be smooth to get off of the current system.
People are waking up to all of the things I listed above and no cataclysmic event is happening. Don't get me wrong, people are dying, but its not an "apocalypse" in the sense of destruction but an apocalypse in its original meaning: to uncover, to disclose, to reveal. We are experiencing the apocalypse right now. It is a revelation, not destruction.
Whether or not the economic apocalypse occurs as a cataclysm or a revelation is determined by what it takes for people to see the reality of the current system. If it takes a destruction, then that's what it will take. If it takes just the information getting out, then that also will be an economic apocalypse, i.e. a revelation.
When people see the real issue, they will demand change. The changes are already in the works. GME is creating an asset backed crypto. I believe that is the obvious path out of this mess. It takes all the benefits of Btc and backs it with an asset. It's value then isn't based on the amount of faith that backs it, but the real value of the asset. This creates a stable economy, especially if many of our real assets are put into crypto form, with an infrastructure to trade between the crypto asset and the real asset. This is done almost trivially with the entire stock market at this point. It's also done trivially with precious metals. All of the infrastructure for both of those are in place, or mostly in place. For other assets, similar systems could be set up, for a true barter system.
This means no one can "horde all the gold" and ruin the economy. Because even if there is an intermediary for exchange upon which the economy is based, with crypto barter, it doesn't matter if someone has it all, because the rest of the system transitions trivially to immediate trade of other assets. All that's required is a marketplace large enough to find people that want the trades (barter) that you want that would bypass the intermediary.
With a truly motivated world understanding the real problem, we could have it all fixed (or fixed enough) within a week or two.
Can you tell me more about asset backed crypto’s? Like what kind of assets are we talking about? Stocks? Real Estate? I’d really like to hear how crypto could be backed by a property.
It's looking like DeFi-based systems of finance are definitely in the works. Hopefully they pan out. If people move to those new systems en-masse then there's nothing TPTB will be able to do. The transition would be chaotic, but an honest system without parasites would start flourishing pretty quickly.
No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
Buy silver or gold now and you don't have to worry.
I stopped by the coin shop today and the stock of silver has been declining for three weeks in a row now. Also there was an old man who was talking to one of the staff about the debacle the vax mandates were playing on the airlines and his theories on shit hitting the fan in February (unsure why he predicted that month.)
Let's "GET'ER DONE" already!!