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.
Well, stocks are easy. Stocks can be linked to crypto and traded directly and securely. With non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).
For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).
This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.
As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.
How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.
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.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
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.)
We just had a big "raid" Nov 5 on wallstreetsilver. Interesting thing happened on Wednesday 600 million oz of paper silver were sold,and the price still rose for the day. That is one years silver production. Anytime they did that beforethe price tanked several dollers.
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.
Well, stocks are easy. Stocks can be linked to crypto and traded directly and securely. With non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).
For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).
This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.
As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.
How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.
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.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
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.)
We just had a big "raid" Nov 5 on wallstreetsilver. Interesting thing happened on Wednesday 600 million oz of paper silver were sold,and the price still rose for the day. That is one years silver production. Anytime they did that beforethe price tanked several dollers.
Let's "GET'ER DONE" already!!