Realistically, when the big banks start failing and don't worry they WILL fail, most peoples credit card debt is either probably gonna be reduced or done away with anyway.
Look at Lehman Brothers (the big bank that collapsed in 2008 that caused the great recession). A lot of "normal people" simply had their debts wiped, because there was no feasible way of collecting on those debts and it was prioritized to go after corporate debts and assets in order to pay back all of Lehman's debtors.
As far as I can tell, this is the most likely scenario again, just turned up to 11.
Honestly, I don't think it'll matter much. People have this idea that we're gonna instantly transform our economic system from fiat to non fiat overnight. That's actually very unlikely.
For example, when we went from gold backed to fiat, it wasn't an instant transition. It took several years to fully implement, retire old money (Since money printed before we were taken off the gold standard could still technically be turned in and exchanged for silver/gold legally), etc. etc.
It's a process, and it won't be instant. Honestly, I don't think people will lose as much money as some seem to think. Most "money" isn't actually money. It's just "value". For example, at any given time there's roughly 2.26 Trillion "dollars" in circulation both physically and digitally. There's 25 Trillion dollars worth of residential real estate (single family homes) in the USA. Our combined stock markets (NASDAQ and NYSE) are worth something like 26 Trillion.
There's more "dollars" in terms of value of assets, than actual dollars in existence. So even if we enter slight deflation because the dollar supply drops (meaning a dollar goes further), it won't be an overnight thing. It'll be a gradual process over, probably ten or so years, so as to not shock the various markets, vendors, businesses, etc. that make up our economy.
Imagine you're a small business, and you have a contractual agreement that renews annually to buy X product for a certain amount. If all of a sudden, money is more valuable, that contract means that small business has to pay 10 times more for the same product, and they're contractually obligated to do so.
Stuff like that would ruin the economy worse than having a fiat currency since it would instantly bankrupt millions of businesses.
So no, I'm not worried about the whole "fiat is gonna be worthless" argument. It will be eventually, but it's more likely than not gonna be a very gradual process done in steps to prevent massive shocks to the economy that would make things even worse than if we just stayed on fiat.
And because of the fact it's gonna be gradual, that gives people plenty of chances to make use of that "fiat". Cash out high, wait until the stock market completely tanks, buy a bunch of index funds for pennies on the dollar, or buy real estate, heck, buy or start your own business.
A smart person isn't gonna hold onto all their cash that comes from cashing out when prices go crazy, they're gonna take advantage of the fact everything other asset class is crashing as well, and translate their silver into something that will produce even more wealth/income for them in the post cabal world.
Imagine buying something like, Microsoft stock for a $10 a share or something like that. It probably won't jump back up to it's current $400+ price any time soon, but even if it only recovers to $100 a share in a few years, you 10x-d your money on a single investment.
This is how JFK's dad got super wealthy, sold all his assets at the right time, went into the great depression with millions of dollars in cash, and then bought up assets dirt cheap. By the time things had recovered, he was the equivalent of a modern day billionaire (If I remember right he went from having an inflation adjusted net worth of something like $20 Million to $4 Billion over the course of about 7 years)
Long winded I know, but people think this stuff is gonna happen overnight, when realistically, it's gonna take probably a decade to see the new system fully implemented, and while yes, we'll probably see some deflation during that period, the fiat money you have is more or less gonna be treated the same as the new gold and silver backed currency for all intents and purposes.
Really and truly, the only people who'll come out like bandits, are the ones who manage to pull a kennedy and translate their precious metal holdings into other assets during the transition period.
Well this is just blatantly wrong, South Korea is failing yeah, but Hungary is more than successful. In the past decade they've went from one of the lowest birth rates in Europe, to the highest birth rates in Europe. It IS still below replacement level, but it's growing every year.
So obviously it IS working, but it's not a quick process. Fixing things like that take time.
Any chance you have a link to that researcher or study? I'm curious about the boring details as you put it lol. I've long had a theory that part of the plot behind pushing for a fiat system in every country on the planet was to induce economic distress on normal people so they literally can't afford to have children.
If you look at the past 100 years or so, then you'll see that during times of economic growth, and I mean real growth where the middle and lower class get actual wage growth that matches inflation, birth rates increase drastically. Which makes sense. If you can afford to have more kids and feel financially stable, people will tend to have more kids.
Overall, I'm not worried about this that much. If you look at Hungary, you'll see that it's more than possible to reverse this. That chart is wrong about their birth rates. In the last 10 years or so they've implemented a number of pro childbirth policies that have resulted in them basically reversing course. They're just barely below replacement rate at this point, and have the highest birth rates in Europe.
Here in the US, it's also been noted that birth rates have increased in most states thanks to abortion bans. Combine that with Hungarian style birth policies, and a long term economic boom from transitioning off the fiat/central bank system, and I have confidence that we'll not only reverse the birth rate decline, we'll probably start having a giant population growth, because not only will our natural births be increasing, but the USA in particular will probably see a new wave of mass migration from Europe, Canada, Australia, etc. from people who no longer trust their government.
Something similar happened in the late 1800s and early 1900s with WW I and the various famines and plagues that caused people to lose trust in their government and looked to the USA for a better life.
Kind of had the same thought. As far as I'm aware, hungary has been having a baby boom thanks to all of Orbon's pro birth and pro family policies. I'm like, 90% sure they're one of the only countries in Europe with a positive birth rate in fact.
So, that alone tells me the numbers presented are deceptive by nature.
Hmm pretty much agree with everything except the collapse. It more than likely WILL be rapid. That doesn't mean it happens over the course of a week, more like over a few months. It's the only feasible way to "reset" the playing board. Take real estate for example, if a collapse in the market doesn't happen normal people will never be able to afford a house again.
Likewise, look at the stock market and gold/silver manipulation. Stocks are massively overvalued and previous metals are massively undervalued. If the banks and hedgefunds that manipulate them don't go under, then that'll never change either. There's literally no way to take the trillions of dollars in fake silver/gold and stock buy/sell orders off the market without it crashing.
So yeah, there HAS to be a crash, but how it's fixed and dealt with is the key.
I do believe there HAS to be a crash on par with the great depression, but that's just because that's the only way for any of this to actually work in the long run. Now having said that, I do agree, I think this will be more of a gradual transition from fiat to precious metal backed currency. And that will probably be part of what drags everyone out of the depression, thus leading to a mass formation association between precious metals, currency, and safety/prosperity.
See the problem there is, that will lead to riots in the street. You can't tell 300+ Million people that they're gonna lose everything and ruin their lives and expect nothing to happen. Hence, that CAN'T be the solution
It's not actually stated anywhere from my knowledge, but a lot of people seem to think it has to be that way. As far as I'm aware, the closest thing to this that Q says is "Gold will destroy the fed", and I suppose the assumption is that if the fed is destroyed then the fiat system goes with it.
But too many people assume it has to be all at once instead of a gradual process. I'm like you, if this were to ruin everyone's life then no one will support it, and we'll be right back in the same situation we currently are.
The cost of electronics part of this is really overinflated. Yeah, cost WOULD go up, but the thing about it is, the companies that make those products push out so much that it equalizes via economies of scale. The more of a particular product you deal in, the less the price of the "materials" matter, and the more the end price matters. This assumption also doesn't account for the fact that electronics are sold at stupid high markups.
For example, a typical iphone costs roughly $200-300 to manufacture. They then typically sell that same phone for $700-2000. That's a 330-1100% markup. They can, and will, sell at a lower profit. Some profit from a lower markup is better than no profit because no one will pay $10K for an iphone.
TL;DR: Stupid high silver prices really aren't gonna change electronic prices that much. It may go up slightly, but it's more likely that it'll just eat into the profit margin of tech companies.
Not really crazy. No offense, but the same people saying that are the same people saying bitcoin was worthless. Which don't get me, I don't like crypto because I don't get it, but I'm not dumb enough to realize that people who have gotten in before each of the major "rushes" came out like bandits.
The same thing is gonna happen with silver and gold. More silver than gold though. You have to realize, things are WAY different now than they were in 1980. The internet is a thing now, information is instant, and you have entire cultures of millions of "finance bros" and other cultures of millions of people wanting to get rich quick all over the world.
You're also no accounting for the largest offenders of the "paper manipulation" going under. Once all the big naked shorters fall, silver WILL go up to insane levels. That's just a basic market principle, without JP Morgan and "friends" driving the price down insanely low, it'll naturally climb to a much higher level. And with a 400X fake silver factor, it's not gonna stop at $50 an ounce. With big banks failing, the world appearing to be ending, and the manipulation being stopped, its gonna be a several thousand an ounce at least. 5K an ounce being the generally agreed upon "real value"
Ignoring the normie factor (cause don't doubt for a second that normies won't try to get it on this in hopes of making it big: Look at gamestop, AMC, etc.), FOMO and other factors will drive the prices of every financial commodity, silver, gold, crypto, etc. to insane levels for at least a few months. So yeah, it's entirely likely we'll temporarily see 12K+ silver for a few months, probably even 20K+, when the larger banks start failing and the world appears to be ending. But then it'll quickly crash down to "normal" levels of 2-5K an ounce.
Now having said all of that, if we go back to the gold and/or silver standard, this'll be a weird situation where yes, your silver is worth 2-5K an ounce in todays money, but when the new financial system gets going, it'll be a much lower number due to deflation.
TL;DR: It's not crazy to say silver is going to be crazy value wise. You're underestimating the ape behavior of people in general as well as how much of an effect not having literal trillions of dollars of fake silver floating around will have on the price of the metal.
It's not THAT unrealistic. Don't get me wrong, I don't think it'll even out at that level, but I and many others believe it'll be anywhere from that much to over $25K an ounce for a period of a couple months when shtf.
You have to realize, there's more factors to this than just mining rates and overall reserves. For example, when prices start going up rapidly EVERYONE with a little bit of money and hopes of getting rich will start throwing money at the silver market, driving up demand to insane levels and driving supply down at the same rate. All the crypto people and other wannabe financial gurus will start shilling for silver as "the opportunity of a lifetime", and even normies will probably get interested after seeing the new on it. FOMO and other psychological factors will help drive it up to unsustainable levels for a few months before it crashes back down to more reasobale prices when people can no longer afford to drive it up.
The best thing I can compare this too, ironically, is the bitcoin run in 2017 and 2018. Over the course of a few months, bitcoin went from being a couple hundred a coin to just under $20K a coin, or like in the past couple years where it went from a few thousand a coin to 40-60K a coin.
It won't STAY at these insane numbers, but it'll be there for a few months time before crashing back down to something more reasonable like 2-5K an ounce.
Generally speaking, I see most people agree that the "real" price of silver should currently be around $5K based on actual physical silver reserves. Silver is odd, in that we mine it at a deficit. We use more of it every year that we pull out of the ground, so over the last 70-ish years since the technological revolution that resulted in modern computers, we've actually LOST silver reserves, meaning it should be worth more than it was in the early 1900s like some are saying.
But I digress, there's no real concrete answer. I'd give you some links, but I have literally dozens of them book marked and it'd take me forever to go through all my bookmarks to find the relevant ones. My best advice is to just research it yourself by looking up things like "what's the real price of silver" or "What SHOULD silver be valued at".
That's what I typically do, and you'll find answers ranging from $2K all the way up to $50K an ounce. The former mostly being based on things like the debt clock silver ratio, and the latter being a speculative guess by some industry experts (Actual precious metal company executives, not like, Forbes morons), based on previous examples like the silver run in the 80s with the Hunt brothers and taking those ratios and numbers that were true back then and applying them to todays modern market.
Keep in mind, the larger numbers tend to account for factors like FOMO, and "ape behavior", which in all honesty probably will happen. The same people who buy bitcoin and crypto religiously will no doubt jump all over the silver ship when it starts taking off, thus driving it's value temporarily FAR higher than it's actual legitimate value as everyone and their brother with a few thousand dollars will want to get in on it in hopes of getting rich.
But just like with crypto, that'll eventually crash back down to a more reasonable level after people hit their ceiling of what they're willing to spend.
TL;DR: Should be roughly $2-5K right now, will most likely be worth AT LEAST that much, but will likely be worth more for a short period of time as everyone and their brother flocks to the newest "moon asset" and drives up the price through panic and desperation
FYI, this isn't financial advice, do everything at your own discretion. I'm just answering your question the best I can.
Contradict yourself much? Tell people that they shouldn't judge based on "interpretations" of the one true God, but then turn around and tell someone to read the Bible.
The Bible is very clear that there is only one true God: The Holy Trinity of Jehovah, Jesus Christ, and the Holy Spirit.
Anything and anyone else is a false idol, INCLUDING the "god of the sikhs" that this prayer was for. No we should NOT tolerate this, contrary to popular belief tolerance is NOT a Christian virtue
https://www.jimfeeney.org/Godhates.html
Take note of point number six. God HATES False Witnesses. Those who worship idols and talk about their pseudo glory. Ergo, we are not to tolerate those who worship false idols unless they repent.
And no, God's teaching is the same in the new and old testament. If you ACTUALLY read the Bible, you'll know that nothing has changed with God. He's the same today, yesterday, and forever. WHAT DID CHANGE, was the Birth, death, and resurrection of Jesus Christ.
THAT is why "the rules changed". Jesus' sacrifice allows all of us to have salvation instead of having to sacrifice a goat or some other animal to cover our sins constantly.
Stop trying to take the moral high ground when you obviously know nothing about Christianity, other than a surface level understanding that provides nothing other than "feel good vibes".
Literally no one said we're beyond reproach, that's the whole point of why Jesus had to die for us. But bowing down to false idols "out of respect" is a sin most destable in God's eyes. And that should never be tolerated, much less celebrated.
Sikhs make up .02% of the population. https://en.wikipedia.org/wiki/Sikhism_in_the_United_States
America, if you get rid of all the stupid semantics and shenanigans they use to manipulate statistics, is 80%+ Christian. Catering to less than a two hundredth of a percent of the population, and angering 80%+ of the population in doing so is stupid in so many different ways. Likewise, her god is a false god, and every real Christian doesn't respect or appreciate them pretending otherwise.
Besides, one of the biggest pillars of the conservative side of politics IS the Christian vote. So angering them is one of the dumbest things you can do as a political party.
And this is why open homosexuality should be banned, policed, etc. It's a cancer on normal society and corrupts everything around it just by existing
Just out of curiosity, what brand does everyone use? The one I've been using from my local Rural King has been sold out for weeks now, so I'm looking for an alternative.
I mean to be fair, this doesn't mean THAT much. As technologically advanced as Japan is, they're like, decades behind everyone else when it comes to things like reading formats. Paper print still VASTLY outnumbers E-reader websites. So it's not like they'll be able to leverage this to make manga and anime woke, since even though it's big, it's a big fish in a small pond compared to the overall anime/manga/light novel market.
See the thing there is that everyone I know that was alive in that period of time didn't vaccinate their pets at all. Like no jabs ever.
Truthfully, it's more of a "situational" thing. But here's my personal breakdown
Wind: Worthless as a power source, better off as a tourist attraction (old timey grain mills)
Solar: Worthless as a large scale power source, "decent" for off grid and emergency applications
Hydro: Not exactly the greatest source of power, but literally zero downsides, so there's no reason to NOT use it since not only does it produce power, but it also tends to act as water storage and produce industry in fish stocked reservoirs for fishing, tourism, etc. So pretty good power source, but can't compete with fossil fuels or nuclear in terms of sheer energy production
Geothermal: Honestly, the only one that even really qualifies as a legitimate power source. Get a big enough vein, and you can compete with coal plants. Only real problem is that traditionally, geothermal has been limited to places with already active sites. But the last 50 years of tech advancements and research has changed that, and now we have the ability to install geothermal pretty much anywhere on the planet. Most people think you have to dig down like, 100 miles to get a decent vein if you're not on a natural one. But realistically, there's already companies repurposing dead oil and gas wells into geothermal power plants. Likewise, there's also companies now that create small scale "modular" geothermal systems that can easily replace solar for personal and off grid use that require much lower drill depths and temperatures. So yeah, of all the "green" power sources, the only one I see with a legitimate future in the private sector is Geothermal. It'll probably start replacing solar and wind soon among off grid types, and then it'll just balloon from there. That being said it still won't replace fossil fuels since you can't make "stuff" from raw energy that it produces
In conclusion, wind sucks, solar is meh, hydro is ok, and geothermal is actually good but can't replace fossil fuels completely since oil and gas are also the source of like 90% of every polymer in existence currently
Yeah, I refuse to believe Louisiana or WEST VIRGINIA of all places shifted to the left. In West Virginia's case, it's literally impossible
Title's a bit misleading. There's only one "offer" for $20K and it's only for police offers for some place called Jackson Michigan. Nothing about minorities, solely for police offers willing to relocate to that specific city in michigan, which isn't super big, but it isn't rural either since the county has over 160K people in it. More of a midsize suburban area.
Most of the offers are FAR lower, and even then, they're not all cash offers. For example: https://www.makemymove.com/get-paid/texarkana-usa
That's the second largest "incentive" on the website. $17,100 to move to texarkana in Texas/Arkansas. BUT it's not actually $17,100.
$5K cash, a bunch of one year memberships for local clubs, college discounts for the local college, a "meal with the mayor", and a bunch of memberships that literally no one cares about like "Membership to the Texarkana Regional Arts & Humanities Council".
That's the general breakdown for most of these "incentives" a very small amount of cash, and then a lot of crap no one cares about. And I've yet to so anything specifically targetting minorities over whites or rural areas in general. In fact, most of these places are midscale cities/suburbs.
Strangely enough, like 90% of the places on the website are in Indiana. Very few of them are outside of Indiana, and when they are, like I said, they're a midscale city/suburb.
I will be fair though I DID find ONE example claiming to actually give $10K in cash.
https://www.makemymove.com/get-paid/west-memphis-arkansas
But West Memphis is a liberal craphole anyway, and it's not majority white, it's majority black. And it also led me to discover another trend with most of the places on this website.
Most of these places, with a few notable exceptions, like an entry for Tulsa OK, are dying. They're populations have been decreasing for decades because no one wants to live in a midscale, usually liberal, craphole where it's not big enough to offer any kind of urban convenience, but it's big enough that you get all of the "big city problems" (crime, traffic, excessive taxes, housing, etc.)
That's why they're trying to do stupid stuff like this to boost their populations. They're trying to maintain their populations because with reduced populations, comes reduced tax base, and it makes it harder to cheat in elections.
For the record, from what I can tell, it's not like people are moving completely out of the area, it's just that they're moving like a county over or something, so they're still in the area, probably still working the same jobs, but most of their taxes are going to surrounding areas, which is why these cities are desperate for new people.
TL;DR: Basically, the title's wrong. The actual cash being offered is much lower in most cases, and most of these places aren't rural, but midscale cities/suburbs with gradually dying populations.
Yeah I'm not about to give official advice in any capacity. Not my place, but don't do anything stupid. You can't go wrong buying silver in these current times (at current prices anyway), it's all but guaranteed to go up when the crap hits the fan. But don't buy so much that it puts you in a financial struggle in the medium term.
That fat stack won't do you much good if it forces you into poverty before you can cash it out at the high prices everyone knows it's gonna see.
ONLY BUY AS MUCH AS YOU CAN AFFORD WITHOUT HARDSHIP
So by this logic, we shouldn't hold gangs in chicago responsible for drive by shootings because its the world they were brought into? Do you realize how absolute retarded of a take that is?
Individual responsibility is a thing, and shouldn't be ignored.