BeachMilk: Putin is absolutely correct!
🗣️ DI$CU$$ION 💬
Biden’s action of banning Russia from trading in the world’s Reserve Currency (ie the US dollar) has sent shockwaves throughout the world, and significantly eroded trust in the dollar, because other countries now know this could happen to them also.
If the US fails to retain reserve currency status, the USA is finished because that status is the only thing preventing the US from being crushed under the weight of their enormous debt.
Exactly like regular people in Canada (and let's be real: everywhere else too) suddenly being shown that their government is happy to order their bank accounts closed, and that the banks will immediately comply.
Oddly, (shocked Pikachu face) people don't trust banks anymore.
Although from what I've seen most Millennials didn't learn a damn thing, I hardly ever see anyone else under the age of 50 at the coin store stacking precious metals. Also look at how many in the GME crowd didn't even know what stocks were two years ago.
I think many of them have. 76% of crypto holders are millennials. You could have bought one BTC 5 years ago for $1,300. Today it's $47k. Whereas 5 years ago you could have bought one oz of gold for the same price a BTC was going for. Today, an oz of gold is around $1900. Considering inflation, you would have only grossed around $400. I'll admit it's better than keeping cash in a savings account, but the price of gold is so manipulated. I think many money-minded people realize this and are breaking away from the traditional institutions that worked once upon a time for their predecessors.
The prices of houses, cars, and everything is so much greater than it ever was for past generations. Millennials need something more than gold if they ever hope to achieve the American Dream. Not even mentioning the insane student loan slave-system a lot of them fell for straight out of high school. No wonder birth rates have declined. All of this was perfectly cabal planned, of course.
Actually it was dumb luck and basic necessity that the student loan enslavement was allowed to occur. In the years leading up to the 2008 housing crisis the lending institutions saw the writing on the wall, their gig was about to be up, or was it? With the help of Congress in 2005 they took away a persons ability to get protection from student debt by being able to file bankruptcy from said debt. In addition to this congressional move the heads of the biggest lenders met with all of the major colleges and universities to have them increase tuitions and teaching wages rapidly. The finical burden would fall squarely on the shoulders of new incoming students via student loans. And those lenders only had to meet with a few institutions before these tuition fee/pay increases affected the entire education system due to competition.
This actually all started with the closing of most shop classes in high schools across the country in the mid-late 1990s. Forcing students who wouldn’t normally get an education beyond high school to actually get a higher education degree or incurring some form of student aid/debt to get even the most rudimentary job skill education even if it was only from a local junior college. All of this resulted in a massive jump in student related debt. With a push for high schools to get 90%+ of students into some form of education after high school this was a perfect con for lenders.
There were articles back in 2005/06 that talked about the spike in student debt that would be happening in the next few years that would ultimately replace a lenders profits from the once lucrative home mortgage side of things. Especially once the housing bubble popped.
Back in 2005 one Bloomberg business article I remember reading was literally called “The New Education Mortgage Boon” or something similar - the article has since been scrubbed but it was similarly reported amongst all the major financial news outlets during this timeframe leading up to 2008. Articles still exist if one wants to do the digital digging.
And people are leaving Canada. I read an article where many Canadians are moving to Russia. A large group of friends and family made this journey around a year ago. Loving their new life.
And for the silver heads, PSLV stores all of its mass amounts of silver in the Royal Canadian vaults.
Buy physical.