Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

[NxNW]

Precious metals are real.

But have zero intrinsic value. The price is based on the collective opinion, not anything tangible.

 

[NxNW]

Big Short Investor Says "Economic COLLAPSE IS HERE"​

Why do you think there will be an economic collapse under Trump? Yes, every Republican president has had an economic disaster of some kind, but what do you think Trump is doing to cause another Republican disaster?

 

[HARK!]

They just have limited use for "Joe". (Or the banker, but at least the bank can decorate their lobby in shiny gold

Suuure...

Who needs real money when they can frolic through life listening to the sweet sounds of debt instruments on their fingers?

 

[HARK!]

But have zero intrinsic value.

You seem to be getting monetary metals confused with fiat currency.


“Paper money eventually returns to its intrinsic value, zero.” -- Voltaire (1694-1778)

The price is based on the collective opinion, not anything tangible.

Monetary metals are tangible.

Gold is a tangible tier one asset.

 

[HARK!]

Why do you think there will be an economic collapse under Trump? Yes, every Republican president has had an economic disaster of some kind, but what do you think Trump is doing to cause another Republican disaster?

Republican disaster?

...and all this time I thought that Wilson was a Democrat.

This ponzi scheme was designed to expropriate the wealth from the American people, from its' inception.

"By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." -- British Lord John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).

what president signed the federal reserve act at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

 

[Hans Blaster]

This guy isn't a gold bug nor a prepper.​

​

Big Short Investor Says "Economic COLLAPSE IS HERE"​

Ok, man.

13:28
it. That's why you're seeing price of

13:30
gold explode right now. And I think the

13:33
US, if they want to have any shot at

13:35
retaining their global reserve currency

13:38
status, might be forced back on the gold

13:41
standard. And if they refuse to go back

13:44
on the gold standard, well, then the

13:45
world's going to force them to go back

13:47
on the gold standard by removing the

13:50
dollar as the reserve currency of the

13:52
world. And the smart countries are going

13:54
to go back on the gold standard on their

13:56
own. So whether the United States

13:58
government decides to go back to a gold

14:00
standard or not, it doesn't matter. It's

14:02
going to be forced down their throats by

14:03
the rest of the world.

The gold standard. LOL.

I have a video to respond to the guy in your video:

 

[Hans Blaster]

Suuure...

Who needs real money when they can frolic through life listening to the sweet sounds of debt instruments on their fingers?

Money is debut instruments. The rest is commodities.

 

[HARK!]

Money is debut instruments. The rest is commodities.

Gold and silver are Constitutional money. They are also commodities.

Fiat currency is not money. It is currency. It is a debt note.

 

[HARK!]

You asked how the crash was coming along, but I had no idea you were talking about

America Isn't Ready for THIS!​

0:33
Well, stick around because I'm going to

0:34
show you why that UBS, one of the

0:37
biggest banks in the world, just

0:39
increased the odds of recession next

0:41
year for the US to 93%.


Here is a sample of some data that has been reviewed in this video:

He suggests putting a stash of cash in a savings account. That sounds very risky should the banks fail.

 

[JSRG]

“Paper money eventually returns to its intrinsic value, zero.” -- Voltaire (1694-1778)

I attempted to find where he said this, but looking up this quote only turns people claiming Voltaire said it without offering any source. Can you provide a citation of where he said it?

 

[HARK!]

I attempted to find where he said this, but looking up this quote only turns people claiming Voltaire said it without offering any source. Can you provide a citation of where he said it?

 

[bèlla]

This guy isn't a gold bug nor a prepper.​

​

Big Short Investor Says "Economic COLLAPSE IS HERE"​

As I said earlier elsewhere, you bet on the hand you’re willing to lose. My gamble is income not investments. It’s more important for me to generate as many streams as I can to funnel into investments than focus on returns. It doesn’t mean they’re unimportant. But revenue is king for me. You can’t spend your time chasing the market because you didn’t take an oath. There’s limitations on what you’re able to know in the natural. And on a spiritual level what’s the purpose? What’s your why? That plays a part in your downloads from Him and in a lot of respects it’s your roadmap.

~bella

 

[HARK!]

As I said earlier elsewhere, you bet on the hand you’re willing to lose. My gamble is income not investments. It’s more important for me to generate as many streams as I can to funnel into investments than focus on returns. It doesn’t mean they’re unimportant. But revenue is king for me. You can’t spend your time chasing the market because you didn’t take an oath. There’s limitations on what you’re able to know in the natural. And on a spiritual level what’s the purpose? What’s your why? That plays a part in your downloads from Him and in a lot of respects it’s your roadmap.

~bella

I don't gamble. I convert my devaluing fiat income, into assets that hold their value. Most of my investments are extremely practical such as investing in the means to purify water, raise food, produce energy, and acquire the tools to sustain those systems independently.

Racing to pile up a stack of fiat currency doesn't interest me. I race to stack up as much know how, to do what ever it is that I might want to do, when this house of cards collapses.

I gather text books pertaining to science and engineering. One of my prize finds is a book on how to design steam boilers (fundamental component of a steam engine), that was published in the early 1900's.

Lately I've been focusing on herbal remedies, making tinctures, and canning food.

 

[bèlla]

I don't gamble. I convert my devaluing fiat income, into assets that hold their value. Most of my investments are extremely practical such as investing in the means to purify water, raise food, produce energy, and acquire the tools to sustain those systems independently.

Each person’s priority differs and their circumstances direct them towards some pursuits and away from others.

Racing to pile up a stack of fiat currency doesn't interest me. I race to stack up as much know how, to do what ever it is that I might want to do, when this house of cards collapses.

Most of the things you do require payment and you’re not using gold to fund them. I’m not concerned about a crash, reset, what have you. If I had to rebuild I could.

I gather text books pertaining to science and engineering. One of my prize finds is a book on how to design steam boilers (fundamental component of a steam engine), that was published in the early 1900's.

Lately I've been focusing on herbal remedies, making tinctures, and canning food.

That’s pretty neat. Are you planning to build one? Herbalism is a good skill to develop as is preserving. I have things waiting to be processed that I’ll handle tomorrow. It’s a lot of work but very fulfilling.

~bella

 

[NxNW]

You seem to be getting monetary metals confused with fiat currency.

Monetary metals? That's a new term for me.

I was comparing to stocks and bonds, which have intrinsic value that can be quantified.

“Paper money eventually returns to its intrinsic value, zero.” -- Voltaire (1694-1778)

That's nice, but it's not what I'm talking about.

Monetary metals are tangible.

Gold is a tangible tier one asset.

A piece of a corporation or real estate is tangible. And they actually generate profits, unlike your metal that sits there in a vault that you pay for.

 

[HARK!]

Most of the things you do require payment and you’re not using gold to fund them

I thought that I already mentioned this; but gold is generally not used for day to day trades for necessities. It's a means of storing great wealth for extended periods. One might use gold to acquire a piece of land.

I’m not concerned about a crash, reset, what have you.

It's inevitable.

If I had to rebuild I could.

Are you sure? By what means?

That’s pretty neat. Are you planning to build one?

I've gathered materials to build one, along with materials for other alternative energy sources; but I have no plans to build most of them; unless there is a grid down scenario. Our government has estimated that if the grid goes down; that up to 90% of the US population will die in the first year. I do have plans to set up a solar system in the near future; and I have a small working system (100 W) in a Tesla cage, should we be subjected to a damaging EMP or solar radiation storm.

Herbalism is a good skill to develop as is preserving. I have things waiting to be processed that I’ll handle tomorrow. It’s a lot of work but very fulfilling.

Most people have no idea how much work. I planted 1 acre of sorghum last spring. I recently harvested it for the grain, and for the syrup that can be made from the stalks.

Set all of the planting time aside. I went out into the field and cut stalks by hand. I put them on a wagon and pulled it of the acre of sorghum to my sorghum press nearby The press is powered by electricity; but I have designed it in such a way that it can be easily converted to bicycle pedal power. (That would require two people to operate) I then cut the heads of grain off the stalks; and I let them drop into a 55 gallon drum. I then ran the stalks through the press. I did this for 2 days, from sunup to sun down. At the end of daylight, I would take the juice inside to slow cook it on a conventional range, with the aid of a candy thermometer. (Without a conventional range, it would require building a fire. That would require more work.) Each of those nights, I worked from sundown to like 2-4 AM.

My total yield of syrup for all of that work: 32 ounces

The knowledge and experience that I gained: Priceless

I didn't harvest all of the stalks in the field, as many of them were very skinny due to lack of rain. I only harvested the fattest and juiciest stalks. If I needed to harvest those stalks out of necessity; it would take even more work for less yield.

 

[HARK!]

I was comparing to stocks and bonds, which have intrinsic value that can be quantified.

What is the value of a stock, that isn't backed by any tangible asset, when the market crashes?

What is the value of a bond; when the issuer defaults on it?

Did you know that the banks are currently upside down on many of the bonds that they are holding?

 

[bèlla]

I thought that I already mentioned this; but gold is generally not used for day to day trades for necessities. It's a means of storing great wealth for extended periods. One might use gold to acquire a piece of land.

You speak of money as if you don’t use it and the terminology bears an air of reproach. Is that intentional?

Are you sure? By what means?

No disaster affects everyone the same. Some are more prepared than others. Some have resources others lack. We’re nearing the point of the greatest wealth transfer we’ve experienced in modern times. There’s a lot of people who’ve never prepped or had a garden. But they have homes, insurance policies and portfolios on the horizon. They’re not going to lose it and the industry is preparing for that period.

I've gathered materials to build one, along with materials for other alternative energy sources; but I have no plans to build most of them; unless there is a grid down scenario. Our government has estimated that if the grid goes down; that up to 90% of the US population will die in the first year. I do have plans to set up a solar system in the near future; and I have a small working system (100 W) in a Tesla cage, should we be subjected to a damaging EMP or solar radiation storm.

I’ve heard similar estimates and ignore them for the most part. Everything the government says is delivered with a forked tongue. There’s an element of truth and other factors designed to deceive or incite mental hardships. You can spend your energy worrying about this and that if you aren’t careful.

Most people have no idea how much work. I planted 1 acre of sorghum last spring. I recently harvested it for the grain, and for the syrup that can be made from the stalks.

Well done. Do you like it? I purchased some a few years ago with several ancient grains and cereals in bulk. There was no demand at the time and I was able to get a lot when prices were low. We learned about the tariffs last spring and I devoted that year to replenishing our supplies and purchasing everything I wanted before he took office. We get our produce from local suppliers we’ve been working with since the farmers markets began. I was already a slow food adherent and prioritizing specialized vendors.

My gardening days are behind me. I’ll draft a yearly plan and already have one in place for the larder, canning and meals. But the hands on part will be overseen by my daughter. Although I might indulge my affinity for ornamentals and focus on flowers.

My total yield of syrup for all of that work: 32 ounces

The knowledge and experience that I gained: Priceless

I didn't harvest all of the stalks in the field, as many of them were very skinny due to lack of rain. I only harvested the fattest and juiciest stalks. If I needed to harvest those stalks out of necessity; it would take even more work for less yield.

That’s quite a lot and a similar result to what I saw with More Than Farmers when they processed maple syrup. The yield wasn’t great but he sang its praises. Azure sells a gallon of organic sorghum syrup for $27. That’s the sort of thing you have to contemplate in respect to self-sufficiency. Our priority is meat, dairy, produce and fruit. Honey is a given and nuts and oils are a plus as are fish. But we’re unlikely to grow grains or legumes.

I’ve moved away from homesteading for the most part. Although I understand its appeal and believe the savings are worth it. But the modern concept is too laborious and earlier examples are more apropos. We may witness a return to tenant farming and I’m not opposed to that in the right circumstances as a win/win for both.

I’m more akin to my old testament predecessors and land requires hands. You can’t do it all yourself. I’d rather build a household with people who feel the same and direct our resources to that aim instead of taking on the work. I’ll function as an overseer like proverbs 31 and that’s enough.

We’ll probably see a resurgence of household staff as well. Especially live in positions or those that allow you to reside on the property. I’m not referencing that in respect to bartering. They’re real positions with good salaries and benefits. It’s wild when you consider we were watching Downton Abbey a few years ago and here we are.

~bella

 

[JSRG]

View attachment 372084

So this (presumably AI summary?) admits "is not attributed to a specific work or speech" and "Voltaire's exact writings may not pinpoint a specific document for this quote".

In other words, your own source is saying that it doesn't seem to be an actual quote of Voltaire. Are you therefore admitting that the quote you offered is a false one?

 

[NxNW]

What is the value of a stock, that isn't backed by any tangible asset,

Can you give me an example of such a stock? Something in the S&P 500, maybe?

What is the value of a bond; when the issuer defaults on it?

That's why they have ratings, which admittedly aren't perfect, but they are a good indicator of which ones to avoid. Especially if you buy the entire market via an index fund.

Did you know that the banks are currently upside down on many of the bonds that they are holding?

I guess they need to fire their bond managers!