The crushing of the US dollar has officially begun...this is just the beginning. Unfortunately, most of the people in the US don't even have a clue its happening.
Even smart financial people I know think I'm crazy, but I've been saying it since 2006-2007. [They] can't keep faking it. The longer [they] push the fakeness, the larger impact a default will have. As soon as 'the people' (aka peasants) actually learn how this all works and what [they] have done to us (and the world) for decades, a revolt will be an understatement.
All these financial advisors are just parrots getting their info from other parrots and ball washers...
Debating pulling everything out of the market... Pulled out some and put it in hard assets, but thinking of pulling the rest.
Think about how many are going to be royally cornholed... and count your blessings you're only getting regular cornholed I guess, right?
I've told all my friends to stack even a little bit... only ONE has. All others have their heads in the sand, because "I played by the rules, said my prayers and ate my vegetables...I did everything like a good boy..." - As if doing the right thing equates to "just desserts" or whatever in the grand casino, that we KNOW is manipulated.
All thought stacking PM was a good idea ... but not good enough to actually do for real (now or in this lifetime). Nobody listens - you know that - just like, don't get the shot. The matrix has them...
Maybe. Phone numbers dont mean much to me atm because the FRN is worthless. Maybe, just maybe i would sell one share under such a scenario to payoff all debt. As an XXX hodl'r, to me, the real value is on the otherside of economic collapse when i have DRS'd shares of GME in a new financial paradigm. Then i think we have some real deep fucking value on our hands🤣
So im dumb as a rock apparently.. 😂🤦🏼♂️. If we go through a financial wreck and market crash and the dollar goes to poo. How would original stock be worth anything if companies fail?? I worry about my mom and aunt that live on their retirement investments. Wont they all go poof?? Sorry Im great at construction. And that about it. 😂🤣
I trust Trump and the plan. I believe the old rotten financial system will be replaced. I think debt will disappear, a gold backed dollar will replace the FRN. I think the evil will lose their wealth and it will be returned to the people. I think the pensions and social security will be maintained. Some businesses are complete garbage, like some college degrees. Others have value. GameStop has value. It will not be going out of business.
I like physical silver. It’s a real thing. It is also very undervalued so at some point it will gain a lot more value than gold plus you can carry small quantities. I have some 1/10 gold coins about the size of a dime but worth 230 dollars. I don’t want to carry a pocketful of those around.
BTC doesn’t have anything backing it. I would love a gold backed type bitcoin.
Gold backed bitcoin? Who would be holding the gold for it? I mean: physically.
There was a company in Poland selling gold certificates. They were supposed to buy gold for people buying their certificates. Instead of buying gold they used people money to build a new airline. The airline has failed and people never saw their gold.
Unless you keep gold/silver, anything (***)-backed is just another form of theft. It sounds nice … until people find out.
At some point younwill determine the value of your metal when you offer nit to someone with zero bonuses for something you need. Peiple need to forget about comparing it to fiat for value, it's in a limited supply and in the hands of a relative few if us.
Bitcoin is backed by pure energy (more electricity than any government or corporation on earth has access to) and unbreakable cryptography. It is mathematically the hardest representation of work that humanity has ever devised, and it makes gold and silver obsolete as money.
And amazingly, totally wrong, but quite comprehensible of a bitcoin native.
Again, this is about your definition of a shitcoin .... and given your response, it would not surprise if bitcoin falls in the same category. ;-)
There is more going on behind the scenes, played out through the crypto sphere: the "raison d'etre" of government and the iteration of it we now can see in all it's g[l]ory details.
You wanted to know why XMR is a shitcoin, anything that's not Bitcoin is a shitcoin by definition... but I added some reasons why its only used by retards
It's very simple what's going on, Bitcoin is the next world reserve currency.
From that perspective: Bitcoin is a shitcoin. Here are the reasons:
SSD prohibitive: bitcoin raw: close to 600Tb and exponentially growing.
Syncing first time takes an awful amount of time
Avg mining difficulty in not even 4 years from 17T tot 85T makes it cost intensive.
Hence, co-opted by just a couple of miners, 2 have 52% of the capacity, defeating the purpose of the coin.
It is expensive in execution.
It is slow in execution.
It is totally open.
It is co-opted by the system. Wait till the full force of paper shit bears down on it. See Gold/Silver. 68 billion volume = 15 billion in derivatives.
Exchanges are fucking you whenever they can: AML + ATF, KYC, and what not.
It is a speculative volatile asset with 1 use case: get shafted.
Added on services to achieve privacy make it complex and expensive.
However, there is tons of money to be made with it. Of course, after it is exchanged for other assets ....Like XRM, lead, gold, silver, real estate, production capacities, consumables.
I'll add one more: Brics crypto. So no, BTC will not be a GLOBAL reserve currency, perhaps a regional (not necessarily geographical) one at best.
My spouse and I are on Social Security. We depleted our retirement accounts already to pay bills. Are we screwed? We have good assets, but cash is tight.
The crushing of the US dollar has officially begun...this is just the beginning. Unfortunately, most of the people in the US don't even have a clue its happening.
This^^^
Even smart financial people I know think I'm crazy, but I've been saying it since 2006-2007. [They] can't keep faking it. The longer [they] push the fakeness, the larger impact a default will have. As soon as 'the people' (aka peasants) actually learn how this all works and what [they] have done to us (and the world) for decades, a revolt will be an understatement.
All these financial advisors are just parrots getting their info from other parrots and ball washers...
Debating pulling everything out of the market... Pulled out some and put it in hard assets, but thinking of pulling the rest.
Think about how many are going to be royally cornholed... and count your blessings you're only getting regular cornholed I guess, right?
I've told all my friends to stack even a little bit... only ONE has. All others have their heads in the sand, because "I played by the rules, said my prayers and ate my vegetables...I did everything like a good boy..." - As if doing the right thing equates to "just desserts" or whatever in the grand casino, that we KNOW is manipulated.
All thought stacking PM was a good idea ... but not good enough to actually do for real (now or in this lifetime). Nobody listens - you know that - just like, don't get the shot. The matrix has them...
And thankfully PMs took a step back to make it affordable still to keep stacking.
No cell No sell
Maybe. Phone numbers dont mean much to me atm because the FRN is worthless. Maybe, just maybe i would sell one share under such a scenario to payoff all debt. As an XXX hodl'r, to me, the real value is on the otherside of economic collapse when i have DRS'd shares of GME in a new financial paradigm. Then i think we have some real deep fucking value on our hands🤣
So im dumb as a rock apparently.. 😂🤦🏼♂️. If we go through a financial wreck and market crash and the dollar goes to poo. How would original stock be worth anything if companies fail?? I worry about my mom and aunt that live on their retirement investments. Wont they all go poof?? Sorry Im great at construction. And that about it. 😂🤣
I trust Trump and the plan. I believe the old rotten financial system will be replaced. I think debt will disappear, a gold backed dollar will replace the FRN. I think the evil will lose their wealth and it will be returned to the people. I think the pensions and social security will be maintained. Some businesses are complete garbage, like some college degrees. Others have value. GameStop has value. It will not be going out of business.
Will we lose our shares in a collapse if we dont drs?
I wouldn't trust the dtcc with my shares. Registering them with the company guarantees they are in your name & safe.
Is there any risk to registering them?
I dont think it will be a complete collapse. Just enough to dump thr FRN & replace it with a gold backed dollar. All part of the plan.
I keep trying to warn my family - those who didn't listen about the damn jab look at me like I'm crazy now too. It's exhausting sometimes.
That means you are the smart financial person. They are lemmings stuck in the world bank paradigm.
I know
and YOU have said a MOUTHFUL...OUTSTANDING...
Wait until the BITE is REALLY BIGGER THAN THE BARK!!!! So to speak!!!
The Rude Awakening is about to happen...
What should people put their money in? BTC? Gold?
I like physical silver. It’s a real thing. It is also very undervalued so at some point it will gain a lot more value than gold plus you can carry small quantities. I have some 1/10 gold coins about the size of a dime but worth 230 dollars. I don’t want to carry a pocketful of those around.
BTC doesn’t have anything backing it. I would love a gold backed type bitcoin.
Gold backed bitcoin? Who would be holding the gold for it? I mean: physically.
There was a company in Poland selling gold certificates. They were supposed to buy gold for people buying their certificates. Instead of buying gold they used people money to build a new airline. The airline has failed and people never saw their gold.
Unless you keep gold/silver, anything (***)-backed is just another form of theft. It sounds nice … until people find out.
U can buy gold with bitcoin and vice versa.
At some point younwill determine the value of your metal when you offer nit to someone with zero bonuses for something you need. Peiple need to forget about comparing it to fiat for value, it's in a limited supply and in the hands of a relative few if us.
Bitcoin is backed by pure energy (more electricity than any government or corporation on earth has access to) and unbreakable cryptography. It is mathematically the hardest representation of work that humanity has ever devised, and it makes gold and silver obsolete as money.
Orange Man for Orange Coin
"What does it mean to be covered in gold?"
Why did the Egyptians cover their Pharaohs in gold? What did it symbolize?
Why does Trump shit in gold, but cover himself in orange?
Gold and silver mining companies not in US.
Gold, Silver, Monero (Check out Haveno or BISQ-2) for buying without KYC: BTC, XRM, LTC, Partcl, kiiro etc,
Invest into your privacy and anonymity, skills and knowhow.
And most importantly: lead.
BTC is the only thing that matters for preserving your wealth, get a grip with those fly-by-night illiquid shitcoins
Before anything else: are you referring to XMR as a shit coin? If so, please, explain? Inquiring minds want to know.
It's a psyop to keep privacy larps poor and out of the world reserve currency and ironically dox themselves in an illiquid honeypot
This is hardly an explanation of what you said.
And amazingly, totally wrong, but quite comprehensible of a bitcoin native.
Again, this is about your definition of a shitcoin .... and given your response, it would not surprise if bitcoin falls in the same category. ;-)
There is more going on behind the scenes, played out through the crypto sphere: the "raison d'etre" of government and the iteration of it we now can see in all it's g[l]ory details.
You wanted to know why XMR is a shitcoin, anything that's not Bitcoin is a shitcoin by definition... but I added some reasons why its only used by retards
It's very simple what's going on, Bitcoin is the next world reserve currency.
Thanks for your view.
From that perspective: Bitcoin is a shitcoin. Here are the reasons:
However, there is tons of money to be made with it. Of course, after it is exchanged for other assets ....Like XRM, lead, gold, silver, real estate, production capacities, consumables.
I'll add one more: Brics crypto. So no, BTC will not be a GLOBAL reserve currency, perhaps a regional (not necessarily geographical) one at best.
I don't fully trust anything these days, so I distribute my eggs in all baskets.
My spouse and I are on Social Security. We depleted our retirement accounts already to pay bills. Are we screwed? We have good assets, but cash is tight.
Also reported on Reuters - https://www.reuters.com/markets/europe/moscow-exchange-stop-trading-dollars-after-latest-us-sanctions-2024-06-12/
US regime is not legit right now so I don't blame