EVERGRANDE FACES DISSOLUTION TOMORROW. GLOBAL BANKS HOLD NEARLY $1 TRILLION IN #BONDS AND LOANS OF EVERGRANDE. IF BONDHOLDERS ON DEC 4TH DONT ACCEPT EG'S POOR SOLUTION, EG WILL BE FORMALLY DISSOLVED. ALL REMAINING ASSETS WILL BE SOLD OFF EN MASSE LEAVING AS LITTLE AS 0% TO 5% REPAYMENT TO DEBTORS😆
(twitter.com)
💥 BANK COLLAPSE 💥
I'm glad I moved my retirement money to T-bills while all this nonsense is playing out :)
Read this
https://greatawakening.win/p/17rmJXubkC/x/c/4Z7QYDaGyuK
I don't know if anyone's money will be safe. If you have gold, how do you redeem it? Crypto - could be devalued. And of course, any bank money. I guess the best long-term solution would be to buy a self-sustaining farm, but not too many people can do that.
Not really. People have to vote on it and we'd see it a mile away if that happened. Learn more about open source software and how crypto works. Transaction validators have to use the latest version of the open source software for that specific blockchain in order to validate payments on it. Any changes would be seen immediately once changed and anyone can go and read exactly what was changed in the code through its version control.
Validators would have to adopt the new code in order for it to take effect. If one of the devs went rogue, the validators could just choose not to adopt that version of the code. You can't just devalue crypto that easily. A decentralized and high number independent validators is essential for this as well.
Gold and silver also have the problem of transportation and security costs to complete transactions over long distances.
Farms are great and I agree with you especially during hard times. In prosperous times farms aren't as wealthy but they are a pretty stable source of food and income.