I have a fixed rate mortgage. But I don't understand how inflation will help me. My employer won't hyper-inflate my wage. Are you suggesting that we might be able to turn a $1 bill into a bank and receive a $100 in exchange? If not, how do we get more money?
Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.
Yes... but, that assumes that the employer will raise the wages. If not, there's a risk that employees will quit and work elsewhere... if there is work.
Yep. ^this. It has already saved me. I recommended fixing mortgage rates to my son, but he chose the floating rate because it was cheaper. Six months later he was spewing.
FACT: The supposed imminent collapse of the US economy is nothing but a bunch of personal blog websites circle jerking each other, knee-jerk shared by economic illiterates who hate the US.
Yes. Insane inflation is coming. This might be why we were told to stockpile a few weeks of food by various patriot influencers at the beginning of 2021
And Federal budget is TRILLIONS each year, with national debt an order of magnitude higher. There is no way gold could ever be the basis of currency in the U.S., unless the country starts from scratch, but then what happens to all the "money owed"?
Are the rental car used cars also expensive now? We have been buying either those, or the dealer leased cars, for the past few years and have found them to be the best option in car buying.
2008 was the Roman Catholic Church orchestrating a real estate scam to pay off their pedophile lawsuits with non-recourse loans they obtained from the Bank of Ireland thanks to their connections with the "father of globalisation" Peter Sutherland.
Ultimately, the US dioceses reneged on their loans after the real estate market collapsed, leaving the Bank of Ireland on the hook with real estate that was worth pennies on the dollar. The US taxpayers bailed out the Bank of Ireland, thus, indirectly, it was the US taxpayers who paid off the Roman Catholic Church's pedophile lawsuits...
Raffaello Follieri was the preordained fall guy.
An Italian con man man who romanced Anne Hathaway before spending 4-1/2 years in federal prison for fraud was knee-deep in the world of Bill and Hillary Clinton before his arrest and a catastrophic downfall, a new report reveals.
Raffaello Follieri, whom federal prosecutors sent to prison in 2008 for defrauding his backers, accepted a $50 million investment three years earlier from the Yucaipa Group, where Bill Clinton was the senior adviser.
While the money was earmarked for buying properties from the Roman Catholic Church and converting them into commercial developments, Follieri spent much of it on himself and Hathaway. He also claimed to be the Vatican's chief financial officer at one point.
Kinda good if you have a fixed rate mortgage
I have a fixed rate mortgage. But I don't understand how inflation will help me. My employer won't hyper-inflate my wage. Are you suggesting that we might be able to turn a $1 bill into a bank and receive a $100 in exchange? If not, how do we get more money?
Sell 1 oz of gold and payoff your mortgage.
Your employer WILL hyperinflate your wage because his services will now come with hyper inflated prices.
Your home insurance and taxes will be hyper inflated though so….
Yup. I have received multiple new county assessments in a very short amount of time.
WAit for your next property tax bill.
Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.
Your wages will go up wages already have big time, also your investments should sky rocket.
Yes... but, that assumes that the employer will raise the wages. If not, there's a risk that employees will quit and work elsewhere... if there is work.
Based off of my experience wages have shot way up since plandemic spending inflation
Yep. ^this. It has already saved me. I recommended fixing mortgage rates to my son, but he chose the floating rate because it was cheaper. Six months later he was spewing.
If you're one of the suckers who fell for "adjustable rates" on your mortgage, I suggest you refinance now to a fixed rate.
FACT: The supposed imminent collapse of the US economy is nothing but a bunch of personal blog websites circle jerking each other, knee-jerk shared by economic illiterates who hate the US.
Yes. Insane inflation is coming. This might be why we were told to stockpile a few weeks of food by various patriot influencers at the beginning of 2021
Gold will destroy the Fed.
Gold reserves of largest industrial nations
I don't know how old/accurate that image is. Or how accurate my math is:
USA = $556.7 B
Germany = $231.6 B
France = $166.7 B
Russia = $77.6 B
China = $72.1 B
Switzerland = $71.2 B
Japan = $57.1 B
United Kingdom = $23.1 B
USA = $556.7 B
Next 4 countries combined = $558.0 B
Next 7 countries combined = $699.4 B
China + Russia = $149.7 B
And Federal budget is TRILLIONS each year, with national debt an order of magnitude higher. There is no way gold could ever be the basis of currency in the U.S., unless the country starts from scratch, but then what happens to all the "money owed"?
All money is owed to the Rothschilds. If they are guilty of crimes against humanity, their wealth gets confiscated.
... Russia now accepts payments for their oil in Bitcoin and/or gold
Then it's over
Yes it’s over. They’re trying to keep the public in the dark until their new system (Fednow, CBDC, etc) is 100% ready to roll out.
The BRICS are launching a gold backed CBDC in August.
It’s totally over for the dollar and all western currencies.
Are the rental car used cars also expensive now? We have been buying either those, or the dealer leased cars, for the past few years and have found them to be the best option in car buying.
You're better off loading up on as much XRP as possible. Not financial advice, but this is what I'd do. I'm putting off a car purchase as well.
I'm game, what is XRP?
A very cheap crypto that will soon tokenize the swift banking system.
I used to be very anti Crypto until I went down the XRP rabbit hole a months back.
08 was just the 100 USD bills coming back from Afghanistan and Iraq
Nope.
2008 was the Roman Catholic Church orchestrating a real estate scam to pay off their pedophile lawsuits with non-recourse loans they obtained from the Bank of Ireland thanks to their connections with the "father of globalisation" Peter Sutherland.
Ultimately, the US dioceses reneged on their loans after the real estate market collapsed, leaving the Bank of Ireland on the hook with real estate that was worth pennies on the dollar. The US taxpayers bailed out the Bank of Ireland, thus, indirectly, it was the US taxpayers who paid off the Roman Catholic Church's pedophile lawsuits...
Raffaello Follieri was the preordained fall guy.
https://newrepublic.com/article/114790/how-doug-band-drove-wedge-through-clinton-dynasty
Archived link - https://archive.ph/luEgF