Master and Commander
The Collapse of the Central Banking System Has Begun
JOE LANGE
JAN 25, 2023
(badlands.substack.com)
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And when it goes it is taking out everyone with dollar denominated savings. Spend it or convert it right now.
I'm trying to figure out if that's really what will happen... Do you have any resources you could share about your position on Dollar Denominated Saving? Mine are converted, but I'd like to know more.
I think it's probably best not to take financial advice from anonymous people on the interwebs named OffGridGuy. Nobody really knows for sure what will happen, and anyone claiming they do is full of shit, and be weary of them.
That said, it's always wise to diversify so you should probably have some cash, gold/silver, bitcoin, stocks, guns, ammo, liquor, food/water.
I doubt Trump and the plan include bankrupting millions of working class Americans by making their cash worthless, if the fed goes belly up, and chaos ensues I'm sure when the smoke clears they'd have some type of conversion to make us all whole again.
No winners in this system down event, only survivors....plan accordingly
My unsourced theory is that the WH have ALOT and I mean ALOT of gold.
When the SHTF gold will be $$$$ and WH will use it as leverage for a gold backed money system.
The elites buying gold will think they are still rich until they find out that their gold is pittance compared to what the WH are holding.
But really, who the hell knows?
My understanding is the Fed Dollar will be replaced with a precious metals backed Treasury Dollar. However, I'm curious if that will be a 1:1 replacement.
The Fed doesn't literally collapse, what they mean is the dollar collapses because people lose confidence in it as our massive debt can only be covered by further borrowing and money printing. That causes massive inflation that kills the value of the dollar and wipes out anyone who holds US dollars in cash or in accounts.
My understanding is the Fed Dollar will be replace with a Treasury Dollar that is backed by precious metals.
Math doesn't work. We owe $34.5 TRILLION fed dollars. The US Government holds $11 billion in gold.