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.
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.
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.
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.