When Trump and the White Hats have us transfer over to a “people’s economy” whether that’s gold backed or something else, what happens to our money? Our bank savings, our investments, even whatever cash savings we have on hand?
Would a lot of people be screwed over if they weren’t prepared like some other might have been by holding gold/silver? Their stocks, 401Ks, long term investment funds?
Would we file some sort of report of those lost savings and investments in the crash and get the equivalent amount in the new currency? Hand in all their now worthless fiat currency for the new gold backed currency? I’m sure the WH have some sort of financial safety net plan in place for the people right?
If they don't have some plan in place you will see the real civil war erupt when people have nothing left to lose.
When they have nothing left to lose there is nothing left but hatred for those that caused it.
Considering it's the government and our "leaders" that caused it, it would not be a civil war. It called a revolution, and yes it makes a big difference.
I have heard the phrase ’white hats are in control’ more than once and I have faith in God. So worrying is not happening here. When the banks collapse and I don’t have to pay anymore illegal interest on my home loan I will call that a win win situation. Hoping to get back a little of the illegal payroll tax I have paid out over the years too, and that would be the silver lining to a dark time. ( get physical silver while you still can )
Buckle your seat belt Dorothy, because the Emerald City is going bye-bye.
u/#byebye
Aaaand it's gone.
https://m.youtube.com/watch?v=-DT7bX-B1Mg
be more concerned about this being gone
If you can't hold it in your hands, it never existed.
Remember, we're dealing with funny money and monopoly bucks.
In a Casino, the House always wins. Your chips are worth only what the teller will cash out.
That’s a LOT of people losing all their savings in a flash
The mistake was thinking they were "saving" that money to begin with.
Or even if the money had value at all.
That's the thing, right?
It's just like taxes.
People go on and on about where our tax money should be spent and how Congress is wasting it all.
How about we address the planet-sized elephant in the room and talk about how income tax is theft and something the Founding Fathers would have fought to the death to ever allow?
Just not having to pay income taxes is a dream in and of itself. 40%+ of your paycheck goes to foreign wars and to line the pockets of pedophiles.
You wouldn't have to have a retirement plan if they didn't steal your money, and then once again tax you for the opportunity to be victim to their theft.
Right?? There’s got to be some sort of safety net for us all, especially for older folks to be able to retire happy, and not this nihilistic “POOF! All gone! Back to square one for everybody!” I’d imagine many people would be furious that all their savings are gone, even if we switched over to a gold backed system if there was not safety net money transfer for everyone.
Now's your chance to cash it all in for gold and silver while you still can.
It isn't called a "collapse" for nothing, ya know
Correct.
Evil should worry.
My assumption is yes you will convert your current fiat currency into a gold backed currency at some conversion ratio and everyone remains in relatively the same place except people who hold gold and silver. They will get rich because the value of the metals has to be worth everything in the economy and so effectively there will be a massive transfer of purchasing power to those people
How does anyone know that gold and silver are THE only tangible assets? What it was platinum? Or diamonds?
Gold is simply the most liquid asset. Anything can be used as a medium of exchange but it all goes back to gold
Say someone owns ~$10k in gold/silver, what could they be looking at in that economy?
backgroundThere are 2 thousand trillion in derivatives backed by 7.5 trillion in gold. So either the value of the derivatives has to collapse or the value of gold has to increase to be equal to all the real assets in the economy. So do the math. This will be the largest transfer of purchasing power in history
In a hyperinflation scenario....You could probably pay off your mortgage with 25% of your stash.
Damn and that’s just a relatively small amount!
Buy and physically hold gold and silver....I have for decades. Recently liquidated 401 and pulled out of the market. Every spare dime I have is going into silver right now.
Blessings fren...
I still have a few stonks I hodl,but I'm heavy in silver has well. If anyone is interested I can answer some questions on buying. Also goto r/wallstreet silver and read the DD info posts for more information.
Registered silver in the comex has gone from 149 million ounces when biden took office to 40 million right now. Soon it will be very hard to find.
Thanks for the info....
Big question for me is that I’ve got $10k I inherited in some sort of long term financial market fund, the “let your money grow for you and you can retire by 50 a millionaire” sort of deal. I already told my parents I want to pull out of it completely and turn it into gold/silver and sit on it for the crash, but they don’t want to listen to me.
I’ve already got about another $10k in gold and silver. But the idea of losing that fiat $10k to the market crash worries me, and if and when it does crash, I’ll still have those hard assets, but I’ll still be shouting “I told you so” when the liquid $10k goes POOF!
Not much you can do about it,possibly borrow against it.
I'm thinking it will coincide with an EMP, either man made or solar event online with the 1859 Carrington event. In a flash internet will be gone as well as all electronic banking, stock market, digital currency. Physical will be the only thing of value. Where will you go to reclaim "lost assets"? but but...my bitcoin!
So to confirm, you’re saying the entire world will suffer an EMP type event at the same time?
Oh boy.. bullets, food and water may be only thing of value then. Not shiny rocks either.
Not initially. More like a series of events increasing in intensity as we approach nova. By mid-cycle 26, 6 or 7 years from now, the polar magnetic excursion will be common knowledge as the field weakens. By 2032-35 power grids will be getting fried by high M class / low X class flairs. My guess is the last 10 years, 2036 to 2046 will see very high solar activity and a fast-declining magnetosphere. During this time there will be no functioning power grids above ground.
Ok , so the thing about Bitcoin going down/away in the way you describe is the entire world would need to go out at the same time or because of its decentralized consensus it will just keep going and when you eventually get back online all your Bitcoin will still be there
Even if a scenario where most of the world went offline and someone decided to use the window to do a 51% attack, because of the blockchain, people would just agree on a date pre-EMP to restore it to and continue from (undoing the attack).
So to answer your original question where you’d go to claim your lost assets? Your wallet
Ah, but what if you lose your device in the chaos of its fried? Screwed right?
Nope. Your recovery phrase is all that needed to get back everything you own.
Try doing that with gold you dropped somewhere along the way becuase you had to move quickly like your life depended on it :)
"you eventually get back online all your Bitcoin will still be there"...hmmm...there will be no power grid...lack of internet will be the least of folks problems
Yep that’s what I said in my first comment.
If we’re in a no power, modern world as we know it is over over scenario, hoarding shiny rocks isn’t going to matter either
Food, water, shelter will be all that matters
Yea, well...I'm not getting rid of my shinny rocks. The purple one is my birth stone!
Haha I can’t argue with that!
maybe they know that we're overdue for a solar flare impact like the Carrington event. Just killing time until then which is a forced reset. Could be
I think there will be some significant flaring as cycle 25 ends over the next 2.5 years. Solar cycle 26 will involve multiple "Carrington events". By the end of cycle 26 there will be no surface power and most structures that had power will have burned. This is the reason for depopulation. Solar cycle 27 will be the last. Those folks who make it that far will be deep underground already in preparation for the 2046 nova event...E.L.E. ...back to the bronze age. The surface will be uninhabitable for several generations but for short excursions. How many bitcoin you once had will only matter if you used it to create underground survival shelter...like Bezos, Musk, and other power elite are doing now. Unfortunately, NCSWIC.
You sir are a man who has done his research. Can I ask though why it will be in cycle 26 or 27 - who should I be reading - suspiciousobservers? Thunderbolts? Plasma universe?....
The EOs GEOTUS wrote for election interference are fascinating; basically, if proven, We the People will ultimately end of the owners of the entire world. But the pain leading up to it will be legendary, as it should be, because We the People, were shitty stewards of our freedom. It must be a lesson to last 1000 years. Faith, that's all most will have to get through it with. Strength of character it will build. With God, all things are possible.
well, most people will die off from the vax, so the wh doesnt need to care about their savings...
God I hope not, because that would mean my whole family but me would die… at the point I wouldn’t care about some new golden age if I’m all alone without my family
Welcome new fren. Don't worry, it'll all get way worse.
I’ll be your friend, fren.
That’s the goal it’s not the savings they need it’s the pensions
When it goes down, I'm at peace with losing whatever fiat that I have left. Useful posessions and physical metals are going to be king.
There are many variables in how it would play out.
Stocks, investments, etc at least can just have their value converted.
Where it comes to liquid assets, things get a bit trickier and would hope that a well defined process is developed first.
It depends how it crashes.
If it's an inflationary crash, then any savings in the national currency will lose value until the point it becomes worthless. You will lose all wealth held in currency in this case. Likewise all debt held in said currency will become worthless. Therefore it would make sense to acquire as much debt as possible if this were to occur. Hard assets like precious metals are essential to maintain your wealth in this scenario. Whatever comes after will need a new currency. i.e. CBDC if the globalists win or if we end up with a free market (doubtful) you wouldn't have a national currency by fiat at all and instead the public would trade whatever they see fit; be it crypto, precious metals, or some form of money that doesn't exist yet. If it's a new fiat currency then a token conversion would occur.
If it's a deflationary crash, then savings in the national currency will increase in value whist all othet hard assets will crash as everyone defaults on their debts and sells. Defaults occur because wages contract under deflationary pressure, but the value of your debt stays the same. I.e. you could lose half your income as prices drop, but you still have the same mortgage. In this scenario it's possible to to rescue the national currency and rebase it (perhaps via backing with precious metals). No token conversion between currencies needs to occur. In this scenario it's best to hold physical cash and few hard assets. Physical cash because the banks may fail in a deflationary cash, losing your deposit in the process. Or they could activate a bail-in and take your deposits. Either way, they will likely freeze everyones accounts to prevent a bank run.
In scenario 1 people can't afford to live as prices increase. People's quality of life decreases gradually for a long period of time. In scenario 2 lots of people will lose everything, but the economy will quickly recover without government interference. Scenario 2 is the soft landing.
Of course, you can't predict 100% which way it will go, so you have to hedge your bets. Likely the globalists want to yoyo people between the two extremes to break everyone. I.e. massive deflation to wipe out debt holders followed by hyperinflation to wipe out the savers.
Well let’s take one thing at a time and let the federal reserve collapse first and we can go from there 😊
gold is the standard
We already have been told we are going back to the gold standard. Buy silver now while you still can. The ratio of silver to gold is around 90:1 which is ridiculous. Should be 12 or 15:1. Maybe less. Buy now! Collapse the fucking banks and get rich at the same time.
Well, this topic pains me. We see what is happening to the vaxxed. They took the blue pill and got fooked. My heart is heavy with this reality.
I’m surmising the Q drops to anons is the wake up call that people must heed, or else.
Beings that a major goal of the great reset is reducing the worlds population by over 2/3 I am worried about just surviving. Money and gold will become useless and food will become mega valuable. So take all those petro fiat $$$s and build a farm that can be defended. Just sayin...
I don't think anyone knows for certain what is going to happen. I think the best bet is to cover all your bases equally. Get whatever important tools and material you need or expect to need for the foreseeable future. Having some currency on hand, some precious metals, defensive weapons, medical supplies, long term storage food, water filtration, etc. Eliminate as much debt as you can. Whatever happens, you can have some preparedness to rely on. This is one of those scenarios where putting all your eggs in one basket can be highly risky and the consequences for this bet could be life threatening. Prepare for the worst and hope for the best.
You put your money in the bank. Bank is part of the Fed. Government is in the Fed. Our government.
Farewell and adieu to you fair Spanish ladies…