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.
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.