As titled,
I know this this is a broad question and and frankly most of us are just going to be making wild-ass guesses, but still; I think it's beneficial and interesting to see what other people are hearing and thinking.
And I know there are also going to be a lot of well-educated guesses among my sharp frens here. :-)
So the question is;
What do you guys foresee happening + what sort of timeline as far as the economy, US Dollar Collapse / De-Dollarisation, etc.
Obviously the De-dollarization around the world is escalating.
Should we just put everything into gold and silver, brass and copper, or what?
Just interested to see everybody's wild as well as informed + educated guesses.
What steps are you taking to protect yourself, your assets in these crazy & uncertain times?
Oviously I'm not asking for anyone to post "how much gold ya got" nor anything of the sorts, but maybe something like what PERCENT of your assets do you have allocated / how are you spreading your risk & assets to protect?
What sorts of things are you investing in, and what percentages are you allocating to those various classes?
Thanks my frens.
Everyone knows that inflation is ramping up and the economy is contracting. He’ll, even most of the normies I know are expecting a market correction. What they don’t realize is that things are different this time. We’ve had recessions and market crashes before in our collective memory, but never a currency collapse.
People are still in the phase where they think things will someday go back to normal. Sure grocery bills are higher, but food is still available. Prices are higher but you can find some stuff on sale and make some compromises and mostly carry on.
I don’t know what the breaking point will be, but presumably sometime in the next year people will realize what’s happening. There will be a collective understanding that our money is virtually valueless. This will start a panicked frenzy to secure any resources that you can. At that point you will be paying unimaginable prices for things you take for granted right now. With the collapsed dollar people will resort to bartering and you’ll see a level of anarchy you didn’t think possible. Those best off will have secured bullion, food, tools, material and other key items.
Do you really think that it is TRULY "different this time"?
Obviously there have been people selling doom & gloom since... well, literally forever. The peter schiffs of the world literally make their fortunes selling collapse, calamity fear & panic.
Based on my understanding, I am inclined to agree that it very well is / could be "different this time."
All of the factors that are converging; all of the things happening at the same time; I don't think they've ever converged before.......
What say you?
Yes, it is different this time because this isn’t an economic recession, it is a currency collapse.
It’s not a coincidence that factors are converging all at once, the system knows that the currency is collapsing and they are making radical moves. They would kick the can down the road again if they could, but they cant.