Since we know the dollar is going to collapse what would you tell your parents to put their money in? I can’t convince them to buy GME or PMs.
Housing is in a bubble. So that’s not a good investment right now. Obviously when the precipice is over Trump will fix everything and people will get their value back in their federal reserve notes. But just something temporary for them to invest in so they don’t lose their minds when the crash comes.
I wouldn't get too married to the idea that "people will get their value back in their federal reserve notes". The system (imo) can't function with the shear number of FRN's in existence, which means devaluation at a minimum which implies that you in fact are NOT going to get your current purchasing power of those FRN's returned back to you when Trump gets back in office. You may see a jubilee, but not sure how many that's going to help if it occurs. Farm land might work, but I don't think most people know what would be considered a "fair" valuation in FRN's given the amount of inflation that has gone into those assets. There's really nothing other than PM's that I personally would recommend, but I'm sure there is something being overlooked. In the near term, we'll likely see a collapse in asset prices, you should be ready to pounce on something when that happens with cash held outside a regional bank because shortly thereafter we'll "LIKELY" see massive inflation or hyperinflation. Again, I'm just some anonymous poster on a blog. Do your own due diligence.
That is an interesting thought. So it would have to be something local if you’re paying with physical FRNs?
Well, I wouldn't say it'd have to be local, I just don't know what banking avenues or abilities to transfer funds are going to be available. The FED is collapsing the Regional banks on purpose. They are withdrawing liquidity to all but the "too big to fail banks". The next failure or whenever they are ready to pull support, will be a "bail in" per the Frank-Dodd act of 2009. When that happens people will create a bank run to get their money out and the banks fail, with whatever exceptions that the FED has set up. For now, the TBTF banks have been backstopped by reverse repos being able to be used for the MM funds, as I understand it. So my point is that during this process you'll see a collapse in asset prices because liquidity will collapse, but it's unknown what ability one would have to acquire assets outside of just handing someone cash for an asset. I would not be surprised that many avenues are available just like I wouldn't be shocked if none were, I just don't know. How many places are there to stash funds that aren't linked to what I describe? I really don't know the end game other than I don't see how the system survives and if it does, the FRN's certainly can't remain at the same purchasing power the way I understand how everything works. But this is just an opinion, not fact. Whatever is coming has been gamed out by the black hats to consolidate their power OR it's been gamed out by the White hats to bring down the system. This isn't happening by chance, again, IMO.
Well I’m coming from the view of this plan does not involve everyone losing their life savings that are stuck in IRAs and 401k
I agree. But there will be a lot of loss merely because most people have had their money managed into brands that are conducting illegal business.
I want to see true ethics analysis before I put any money in the market.
How do you see that happening if the dollar is going to collapse?
I'm not disagreeing with you. I just don't understand finance well enough to get this. Could you explain it to me like I was 5 years old?