My hope is to cash out on my non-DRS shares (if possible) and turn it into massive PM purchases... and then hold my DRS shares forever since they can never close their short positions. I don't care if the entire financial system melts down. These people need to be destroyed and never allowed to steal our money while being endlessly bailed out.
In the meantime, have plenty of the good stuff mentioned above.
Some have proposed similar security concerns with Crypto. In that it could be confiscated and/or totally frozen. To pretend that it's untouchable by the powers that be is silly. They could pass a law to nullify crypto and shutdown the trading platforms and then everyone would be left with cold wallets worth nothing. Similar to the Black Swan MOASS prevention concept.
Hell, they could even write an EO to confiscate gold/silver and make it illegal to hodl.
I put nothing past these criminals. They will stop at nothing to preserve their power and wealth, even if that means burning everything else down.
Some have proposed similar security concerns with Crypto. In that it could be confiscated and/or totally frozen.
The only way for the government to freeze your crypto is to shut off electricity or internet where you're at. If you just go somewhere with electricity and internet, you're fine. They can't stop people trading person to person and they can't really monitor it well either. They can just see it's going on but they don't necessarily know who it is if you're doing it right.
Hiding your paper pass and key phrase for wallets is much simpler than hiding gold and silver.
Ok, but, the level of underground P2P crypto you're suggesting would likely be difficult if not impossible for 90% of those who currently hold crypto. So, sure, P2P direct exchanges could work, but without user friendly front-end platforms, you lose 90% of the market. Which means the market loses 90% of its value or worse, since demand would dry up.
There's not going to be some magical surge of people willing to go off the grid w/ advanced crypto P2P. Especially if the value tanks as a result.
I think they've got far more potential control of the crypto scene than you are giving them credit for.
Ok, but, the level of underground P2P crypto you're suggesting would likely be difficult if not impossible for 90% of those who currently hold crypto.
It could easily be integrated with the drug dealers and "knowing a guy" from your local crypto meetup. Or just talking to your next door neighbor and trading services/resources for crypto.
There's not going to be some magical surge of people willing to go off the grid w/ advanced crypto P2P. Especially if the value tanks as a result.
I disagree. When people realize how worthless their dollars are and there are alternatives, they will run for the alternatives. First will be gold & silver but because of high security costs, transportation costs, and needing to trust a 3rd party over long distance transactions, gold and silver will just be used for local transactions.
The more stable the electricity and internet is, the more likely people are to go into crypto. What the govt will do to the people when the dollar collapses will be like murder. People will rebel and move off grid en masse whether boomers like it or not. Boomers will have lost their entire retirement accounts unless they're in gold, silver, crypto so they won't have much of a say anymore.
Gold and silver won't be confiscated again like in the 1930s because so little of the wealth is in gold and silver. Also you can easily hide gold and silver.
It'll be stocks, bonds, etfs, aka securities that will be confiscated and the DRS isn't enough to protect you from that. You need a physical paper stock directly from the DTCC, not a DRS certificate from the brokerage.
Good luck getting paper certs - no companies offer these anymore. Sure, you can obtain one, but, guess what? Since paper certs were completely stopped, all you are getting is a printed confirmation with a logo on it representing your DRS'ed share(s). There are no paper certs. Even those that did have them? Get swept up into the DRS bucket.
So according to you - the only* safe haven is Gold/Silver.
My hope is to cash out on my non-DRS shares (if possible) and turn it into massive PM purchases... and then hold my DRS shares forever since they can never close their short positions. I don't care if the entire financial system melts down. These people need to be destroyed and never allowed to steal our money while being endlessly bailed out.
In the meantime, have plenty of the good stuff mentioned above.
Some have proposed similar security concerns with Crypto. In that it could be confiscated and/or totally frozen. To pretend that it's untouchable by the powers that be is silly. They could pass a law to nullify crypto and shutdown the trading platforms and then everyone would be left with cold wallets worth nothing. Similar to the Black Swan MOASS prevention concept.
Hell, they could even write an EO to confiscate gold/silver and make it illegal to hodl.
I put nothing past these criminals. They will stop at nothing to preserve their power and wealth, even if that means burning everything else down.
The only way for the government to freeze your crypto is to shut off electricity or internet where you're at. If you just go somewhere with electricity and internet, you're fine. They can't stop people trading person to person and they can't really monitor it well either. They can just see it's going on but they don't necessarily know who it is if you're doing it right.
Hiding your paper pass and key phrase for wallets is much simpler than hiding gold and silver.
Ok, but, the level of underground P2P crypto you're suggesting would likely be difficult if not impossible for 90% of those who currently hold crypto. So, sure, P2P direct exchanges could work, but without user friendly front-end platforms, you lose 90% of the market. Which means the market loses 90% of its value or worse, since demand would dry up.
There's not going to be some magical surge of people willing to go off the grid w/ advanced crypto P2P. Especially if the value tanks as a result.
I think they've got far more potential control of the crypto scene than you are giving them credit for.
It could easily be integrated with the drug dealers and "knowing a guy" from your local crypto meetup. Or just talking to your next door neighbor and trading services/resources for crypto.
I disagree. When people realize how worthless their dollars are and there are alternatives, they will run for the alternatives. First will be gold & silver but because of high security costs, transportation costs, and needing to trust a 3rd party over long distance transactions, gold and silver will just be used for local transactions.
The more stable the electricity and internet is, the more likely people are to go into crypto. What the govt will do to the people when the dollar collapses will be like murder. People will rebel and move off grid en masse whether boomers like it or not. Boomers will have lost their entire retirement accounts unless they're in gold, silver, crypto so they won't have much of a say anymore.
Gold and silver won't be confiscated again like in the 1930s because so little of the wealth is in gold and silver. Also you can easily hide gold and silver.
It'll be stocks, bonds, etfs, aka securities that will be confiscated and the DRS isn't enough to protect you from that. You need a physical paper stock directly from the DTCC, not a DRS certificate from the brokerage.
Good luck getting paper certs - no companies offer these anymore. Sure, you can obtain one, but, guess what? Since paper certs were completely stopped, all you are getting is a printed confirmation with a logo on it representing your DRS'ed share(s). There are no paper certs. Even those that did have them? Get swept up into the DRS bucket.
So according to you - the only* safe haven is Gold/Silver.